Public Charity

CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND

Based in CHESAPEAKE, VA, CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND operates as a Public Charity. The organization reported $65K in revenue, $55K in expenses, $49K in total assets for fiscal year 2024.

EIN: 453951598 CHESAPEAKE, VA Alliances & Advocacy NTEE: T01 Latest filing: 2024
Total Revenue$65K
Total Expenses$55K
Total Assets$49K
Grants Given0
Filing Years2019–2024

Mission

THE ORGANIZATION SERVES AS THE FUNDRAISING ARM OF THE CHAPTER THAT SUPPORTS THE CHARITABLE EFFORTS TO PROVIDE SCHOLARSHIPS, MENTORING, AND COMMUNITY PROGRAMS TO SUPPORT THE DEVELOPMENT OF YOUNG MEN. CVBAF WITHOUT LIMITATION, IS IMPROVING THE DEVELOPMENT, PROMOTION AND SUPPORT OF ACTIVITIES, PROGRAMS, AND ORGANIZATIONS THAT IMPROVE THE HEALTH, WELFARE, AND EDUCATION OF THE YOUTH OF HAMPTON ROADS COMMUNITY, WITH A PRIMARY EMPHASIS IN THE DEVELOPMENT OF LEADERSHIP SKILLS, SOCIAL OUTREACH AND HELPING PROVIDING INFORMATION AND KNOWLEDGE SKILLS, TRAINING, FINANCIAL LITERACY, LOANS FOR EDUCATION, AND OTHER REQUIRED FIELDS OF ENDEAVOR. OUR CONTINUING MISSION IS TO AFFECT THE SOCIAL DEVELOPMENT, EMOTIONAL MATURITY, AND ACADEMIC ACHIEVEMENT OF PARTICIPANTS. THE CVBAF BROTHERS' PERFORM THIS BY PROVIDING POSITIVE PROFESSIONAL MENTORS TO TEACH THE YOUTH OF HAMPTON ROADS COMMUNITY IN THE FOLLOWING AREAS: PAYING FOR COLLEGE, DRESSING FOR SUCCESS, CHOOSING THE RIGHT COLLEGE, FINANCIAL LITERACY AND INV

Where $100 goes at Chesapeake-Virginia Beach Achievement Fund

How Chesapeake-Virginia Beach Achievement Fund divides every $100 it spends, from its own Form 990 filings, averaged across 5 years.

$95 Programs the work itself
$5 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $95 for programs

$48
Our mission was and continues to be to affect the social development, emotional maturity, and academic achievement of participants
About 50% (cost not reported)
$47
Our mission was and continues to be to affect the social development, emotional maturity, and academic achievement of participants
50% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

FUNDRAISING Andre Thercy
SECRETARY Brian Warren
EXECUTIVE DI Elegear Primus
CFO Germaine Williams
VICE DIRECTO John W Mayer Jr

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $65K $55K $49K
2023 $27K $41K $44K
2022 $16K $62K $65K
2020 $91K $48K $128K
2019 $102K $48K $82K

Between 2019 and 2024, reported annual revenue declined from $102K to $65K (-36%), with total assets most recently reported at $49K.

Interactive year-over-year charts and full filing details available with membership.

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