Christine B Foundation Inc
- Assets
- $482.2k
- Revenue
- $642.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Bangor, ME
- Founding
- 12/2014
- Data as of
- 12/2023
- EIN
- 47-2350705
Organization Overview
Christine B Foundation Inc is located in Bangor, ME. The organization was established in 2014. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 12/2023, Christine B Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christine B Foundation Inc 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 12/2023, Christine B Foundation Inc generated $642.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 57.7% each year . All expenses for the organization totaled $298.3k during the year ending 12/2023. While expenses have increased by 35.3% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHRISTINE B. FOUNDATION (CBF) SUPPORTS THOSE FACING CANCER BY EXTENDING ACCESS TO HEALTHY FOOD, NUTRITIONAL INFORMATION, AND COMMUNITY CONNECTIONS ESSENTIAL TO THEIR STRENGTH AND COMFORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS INCLUDES THE TOTAL EXPENSE OF THE CANCER NUTRITION ASSISTANCE PROGRAM (SUPPLY CHAIN, ASSOCIATED PERSONNEL TIME, AND STORAGE). THE CANCER NUTRITION ASSISTANCE PROGRAM OFFERS MEDICALLY TAILORED GROCERY PACKAGES TO PATIENTS IN ACTIVE TREATMENT, RECENT SURVIVORS, AND THOSE IN THEIR HOUSEHOLDS. THIS IS A NO-COST PROGRAM TO RECIPIENTS, PRIORITIZING EQUITABLE DISTRIBUTION AND OPPORTUNITY TO ACCESS NUTRIENT-RICH GROCERIES DESPITE CANCER TYPE, AGE, INCOME LEVEL, GEOGRAPHIC LOCATION, OR RACE. THE 2023 MAJOR OUTCOMES FOR THIS PROGRAM INCLUDE SOURCING, ASSEMBLING, AND DISTRIBUTING 118,080 EQUIVALENT MEALS ACROSS 110 MAINE TOWNS TO 412 PATIENTS (A TOTAL REACH OF 1,030 INDIVIDUALS). 120 VOLUNTEERS ENSURE THE PROGRAM'S RELIABILITY, SAFETY, AND FRIENDLINESS THROUGH ASSEMBLY AND DISTRIBUTION AT HOSPITAL PICK UP SITES AND HOME DELIVERY ACROSS 11,500 SQUARE MILES.
THIS AMOUNT WAS DIRECTED TOWARDS THE PROGRAMMATIC INVESTMENT OF 0 DIRIGO DRIVE, BREWER, ME 04412 1.53 ACRE PROPERTY. THE 2,474 WAS THE AMOUNT OF INTEREST EXPENSE ASSOCIATED IN 2023 WITH THE PIECE OF PROPERTY. THE CHRISTINE B. FOUNDATION CONTINUES TO INVEST AND RECOMMIT ITSELF TO THE INFRASTRUCTURE NEEDS FOR GREATER COMPREHENSIVE AND COLLABORATIVE SERVICES. THIS PROPERTY WAS IDENTIFIED AS THE LOCATION FOR THE GREATEST IMPACT AND FEASIBILITY FOR CREATING A CANCER NUTRITION FACILITY TO EXPAND THE CAPACITY AND REACH OF CBFS PRIMARY PROGRAMMING.
INVESTMENT IN THE RESEARCH, PLANNING, AND IMPLEMENTATION OF A 2024-2026 STRATEGIC PLAN AND AN ADDITIONAL COMMUNITY ASSESSMENT HOSTING FOCUS GROUPS WITH CANCER PATIENTS ON THEIR EXPERIENCE, TREATMENT, SUPPORT, AND UNMET NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Lavallee Director | Trustee | 1 | $0 |
Nicole Niles Director | Trustee | 1 | $0 |
Robert Smith Past - Presi | Trustee | 1 | $0 |
Becky Caron Secretary | Officer | 1 | $0 |
Jamie Comstock President | Officer | 1 | $0 |
Amanda Cost Vice-Preside | Officer | 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 | $642,034 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,034 |
| Total Program Service Revenue | $0 |
| Investment income | $519 |
| 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 | $642,553 |
| 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. | $86,250 |
| Compensation of current officers, directors, key employees. | $8,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,250 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $828 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,044 |
| Office expenses | $2,110 |
| Information technology | $7,529 |
| Royalties | $0 |
| Occupancy | $25,050 |
| Travel | $476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,474 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $918 |
| All other expenses | $1,918 |
| Total functional expenses | $298,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,699 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,000 |
| 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 | $0 |
| Net Land, buildings, and equipment | $80,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,461 |
| Total assets | $482,160 |
| Accounts payable and accrued expenses | $9,288 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,680 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,968 |
| Net assets without donor restrictions | $0 |
| 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 | $449,192 |
| Total liabilities and net assets/fund balances | $482,160 |