Chesapeake-Virginia Beach Achievement Fund
Nonprofit profile at a glance
- EIN
- 453951598
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Chesapeake, VA, USA
- Phone
- 7576204023
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Alliance/Advocacy
Reported finances
- Revenue
- $65,099
- Expenses
- $54,834
- Assets
- $48,788
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- ELEGEAR PRIMUS (EXECUTIVE DI)
- JOHN W MAYER JR (VICE DIRECTO)
- GERMAINE WILLIAMS (CFO)
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 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
What it reported doing in 2024
Our mission was and continues to be to affect the social development, emotional maturity, and academic achievement of participants. The cvbaf brothers' served this overall set of objectives 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 investing, creating an academic and professional resume, how to procure donations and raise funds, leadership fundamentals, african-american health issues, drug abuse awareness, how to interact with law enforcement, personal management, and public speaking. The organization awarded scholarships at their annual presentation event to to the young men who exemplified the values encouraged and developed during the course of their mentorship experiences.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 93
- Accountability: 70
- Sustainability: 55
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77%; rating input score 77
- Program expense ratio: 91.4%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.8%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.89; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 0.6% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: -20.2% per year; rating input score 0; 19th percentile among comparable filings
- Asset growth: -17% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 77% of revenue deployed · 91.4% of spending went to programs
- Governance: 5 of 5 board members independent · 2 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $50K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 3 filed schedules · includes grants
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Growth: Asset growth scored 0/100.