CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND Charity Report

Public IRS 990 nonprofit record

CHESAPEAKE-VIRGINIA BEACH ACHIEVEMENT FUND

EIN 45-3951598 · Alliances & Advocacy - Philanthropy (T01)

What they do

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

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.99%of revenue went to mission work91.4% of expenses · Program services

$84.23spent for every $100 of revenueRevenue covered expenses this year.

7.24%of revenue went to management and office costs8.6% of expenses

$0.89in assets for every $1 spent this yearSome assets cannot be spent right away.

130.9%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$65,099

Mission workProgram services$50,12276.99% of revenue91.4% of expenses

ManagementOffice and general costs$4,7127.24% of revenue8.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$10,26515.77% of revenueShown in gray on the chart

Total expenses$54,83484.23% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 84.23% of revenue

2023Expense mix: 92.6% mission · 5.5% management · 1.9% fundraisingTotal expenses: 148.14% of revenue

2022Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 379.46% of revenue

2021Expense mix: 98.9% mission · 1.1% management · 0.0% fundraisingTotal expenses: 152.58% of revenue

2020Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 53.15% of revenue

2019Expense mix: 93.3% mission · 5.6% management · 1.2% fundraisingTotal expenses: 47.27% of revenue

Money in and money out

Revenue$65,099

Expenses$54,834

Annual surplus $10,265 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$50,122 · 91.4% of expenses

Management and office costs$4,712 · 8.6% of expenses

See all reported dollar amounts

Revenue$65,099

Expenses$54,834

Assets$48,788

Income$85,208

Contributions$85,205

Mission work (program services)$50,122

Management and general$4,712

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

ANDRE THERCYFUNDRAISING

BRIAN WARRENSECRETARY

ELEGEAR PRIMUSEXECUTIVE DI

GERMAINE WILLIAMSCFO

JOHN W MAYER JRVICE DIRECTO

About this charity

Recognized since: January 2018
Location: 109 GAINSBOROUGH SQ STE G, CHESAPEAKE, VA 23320-1757
County: Chesapeake (city)
In care of: % DERRICK WALKER
Primary officer: ELEGEAR PRIMUS, EXECUTIVE DIRECTOR

How to reach them

Phone(757) 620-4023

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: THOMAS A SMITH JR CPA PC
NTEE classification: Alliances & Advocacy - Philanthropy (T01)
IRS tax category: Alliances & Advocacy - Philanthropy