Cibc Foundation
- Assets
- $9.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Blue Bell, PA
- Founding
- 12/1983
- Data as of
- 06/2021
- 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 06/2021, Cibc Foundation employed 2 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 06/2021, Cibc Foundation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $810.7k during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 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
2021
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 |
|---|---|---|---|
David A Wyher President | OfficerTrustee | 25 | $57,618 |
Edward A Sutherland Treasurer | OfficerTrustee | 15 | $19,038 |
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 | $1,196,817 |
| Investment income | $27,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $380,175 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,604,555 |
| 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. | $118,408 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,184 |
| Other employee benefits | $0 |
| Payroll taxes | $9,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,350 |
| Fees for services: Accounting | $1,001 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,025 |
| Fees for services: Other | $0 |
| Advertising and promotion | $500 |
| Office expenses | $777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,035 |
| Travel | $16,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,340 |
| Insurance | $50,633 |
| All other expenses | $0 |
| Total functional expenses | $810,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,992 |
| Savings and temporary cash investments | $4,440 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,751 |
| Net Land, buildings, and equipment | $5,816,296 |
| Investments—publicly traded securities | $3,324,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,628,157 |
| Accounts payable and accrued expenses | $2,398 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,451,414 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,734,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $240,880 |
| Total liabilities | $3,429,569 |
| Net assets without donor restrictions | $6,198,588 |
| 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 | $9,628,157 |
Grants Awarded
Over the last fiscal year, Cibc Foundation has awarded $9,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Philadelphia, PA PURPOSE: Fund Expenses | $7,500 |
THE STRONG FAMILIES COMMISSION PURPOSE: Fund Expenses | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Group Home Living Program Inc manorville, NY | $86,478,520 | $78,871,944 |
Springbrook Ny Inc Oneonta, NY | $70,518,641 | $82,992,594 |
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Aim Services Inc Saratoga Springs, NY | $21,912,420 | $65,638,335 |
Legacy Treatment Services Inc Hainesport, NJ | $58,670,523 | $58,315,039 |
Berkshire Farm Center And Services For Youth Canaan, NY | $71,666,899 | $71,278,594 |
Cds Monarch Inc Webster, NY | $48,021,600 | $52,074,503 |
Abbott House Irvington, NY | $21,964,456 | $48,325,456 |
Buckeye Ranch Grove City, OH | $52,523,955 | $52,506,935 |
Living Resources Corp Albany, NY | $27,600,860 | $48,007,513 |
Champaign Residential Services Inc Urbana, OH | $32,789,817 | $40,282,333 |
Womens League Community Residences Inc Brooklyn, NY | $30,529,251 | $39,206,945 |