Chesapeake Academy Inc

EIN: 540793534 501(c)(3) Education

Irvington, VA

Total Revenue
$2,894,461
Total Expenses
$2,624,932
Total Assets
$3,382,413
Net Assets
$3,004,294
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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
VA
Principal Officer
Catherine Emery
Phone
8044385575
Tax Period
2024-07-01 to 2025-06-30

Chesapeake Academy Inc, founded in 1965, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2018. Expenses of $2.0M left a modest 7% surplus.

Mission

To inspire each student to approach learning with curiosity and creativity, pursue excellence, and act with integrity-so each can make our community and world a better place.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $744,646
Program Service Revenue $2,019,183
Investment Income $28,924
Other Revenue $101,708
TOTAL REVENUE $2,894,461

Expense Breakdown

Grants Paid $456,945
Salaries & Benefits $1,497,287
Fundraising Expenses $141,467
Program Expenses $1,992,450
Other Expenses $670,700
TOTAL EXPENSES $2,624,932

Year-over-Year Comparison

2024 2023 Change
Revenue $2,894,461 $2,678,548 +0.1%
Expenses $2,624,932 $2,566,729 +0.0%
Net Income $269,529 $111,819 +1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
41
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
14
$0
Key Employees
1
$97,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Clair Chair 1.00
Officer Director
$0 $0 $0
Donna Edmonds Vice Chair 1.00
Officer Director
$0 $0 $0
Rob Stephens Treasurer 1.00
Officer Director
$0 $0 $0
Peggy Patteson Secretary 1.00
Director
$0 $0 $0
Lee Allen Trustee 1.00
Director
$0 $0 $0
Kelly Antonio Trustee 1.00
Director
$0 $0 $0
Wanda Harding Trustee 1.00
Director
$0 $0 $0
Lisa Jenkins-Haynie Trustee 1.00
Director
$0 $0 $0
Hurst Kelley Trustee 1.00
Director
$0 $0 $0
Della Kid Trustee 1.00
Director
$0 $0 $0
Patricia Mayhew Trustee 1.00
Director
$0 $0 $0
Lisa McLaughlin Trustee 1.00
Director
$0 $0 $0
Bryan Miller Trustee 1.00
Director
$0 $0 $0
Todd Patterson Trustee N/A
Director
$0 $0 $0
Catherine Emery Head of School 40.00
Key Emp
$97,500 $0 $97,500
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,894,461 $2,624,932 $3,382,413 $269,529
2024 $2,678,548 $2,566,729 $3,173,612 $111,819
2023 $2,239,424 $2,431,868 $3,034,736 $-192,444
2022 $2,576,982 $2,333,926 $2,993,366 $243,056
2021 $2,516,775 $2,116,306 $3,118,194 $400,469
2020 $1,995,292 $2,004,826 $2,964,924 $-9,534
2019 $2,182,778 $2,033,308 $2,845,113 $149,470
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