Cibc Foundation
- Assets
- $9.6m
- Revenue
- $915.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Blue Bell, PA
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 22-2455774
Organization Overview
Cibc Foundation is located in Blue Bell, PA. The organization was established in 1983. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 06/2022, Cibc Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cibc Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Cibc Foundation generated $915.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $863.4k during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS PROGRAM PROVIDES EXCEPTIONAL HOUSING AND OTHER SUPPORTS TO LOCAL ORGANIZATIONS IN CARING FOR INDIVIDUALS WHO HAVE INTELLECTUAL DISABILITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward A Sutherland Treasurer | OfficerTrustee | 15 | $139,224 |
David A Wyher President | OfficerTrustee | 25 | $128,424 |
Donald Weiss ESQ Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $881,081 |
| Investment income | $34,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $915,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $267,648 |
| Compensation of current officers, directors, key employees. | $26,765 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,011 |
| Pension plan accruals and contributions | $40,051 |
| Other employee benefits | $0 |
| Payroll taxes | $39,512 |
| Fees for services: Management | $76,000 |
| Fees for services: Legal | $6,350 |
| Fees for services: Accounting | $810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,655 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,863 |
| Information technology | $800 |
| Royalties | $0 |
| Occupancy | $108,041 |
| Travel | $11,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $137,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $98,670 |
| Insurance | $25,690 |
| All other expenses | $1,286 |
| Total functional expenses | $863,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,795 |
| Savings and temporary cash investments | $5,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $111,379 |
| Net Land, buildings, and equipment | $5,717,626 |
| Investments—publicly traded securities | $2,681,669 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,592,848 |
| Accounts payable and accrued expenses | $175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,397,603 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,600,437 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $238,062 |
| Total liabilities | $3,236,277 |
| Net assets without donor restrictions | $6,356,571 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,592,848 |
Grants Awarded
Over the last fiscal year, Cibc Foundation has awarded $9,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHILADELPHIA LEADERSHIP FOUNDATION PURPOSE: Fund Expenses | $7,500 |
THE STRONG FAMILIES COMMISSION PURPOSE: Fund Expenses | $1,500 |