Chesapeake Crossroads Heritage Area Inc
Nonprofit profile at a glance
- EIN
- 743082381
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- Annapolis, MD, USA
- Phone
- 4102712873
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Historical Societies, Related Historical Activities
Reported finances
- Revenue
- $222,856
- Expenses
- $233,344
- Assets
- $343,891
- Liabilities
- $26,690
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
People named in this filing
- Lily Openshaw (Board Member)
- Eric Elston Ed D (Board Member)
- Jean Russo PhD (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Chesapeake Crossroads Heritage Area is to stimulate preservation and economic development of the region by supporting and promoting its natural historic and cultural resources. Chesapeake Crossroads Heritage Area, a 501(c)3 nonprofit organization, is one of Maryland's 13 certified heritage areas. We are the only entity through which heritage-related nonprofit organizations and municipalities withing its borders are eligible for matching Maryland Heritage Areas authority (MHAA) grants and low interest business loans. Since certification, Chesapeake Crossroads Heritage Area has brought our area more than $6.9 million for heritage organizations and projects, including one low interest loan to a heritage tourism business, resulting in total leverage of $18 million for heritage organization and projects
What it reported doing in 2024
Chesapeake Children's Museum, Inc.- Full day of programming for commemoration of 64th Anniversary of sit-in protest on site of modern-day Graduate Hotel.(Mini FY24).
Operating model
- Revenue model
- Grant-funded. 90% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 29
- Transparency & Controls: 81
- Accountability: 18
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.1%; rating input score 33
- Program expense ratio: 31.6%; rating input score 32
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 9th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -4.7%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 33.1% of revenue deployed · 31.6% of spending went to programs
- Governance: 0 of 8 board members independent · 3 of 7 filing controls reported
- Programs: 21 filed program accomplishments · $74K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 33/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 32/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Sustainability: Operating margin scored 30/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.