Chime Foundation Incorporated
- Assets
- $16.4m
- Revenue
- $1.3m
- Investments
- $12.7m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 52-1796571
Organization Overview
Chime Foundation Incorporated is located in Baltimore, MD. The organization was established in 1994. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chime Foundation Incorporated 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, Chime Foundation Incorporated generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $475.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Chime Foundation Incorporated has awarded 46 individual grants totaling $2,832,230. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS AMONG THEIR VARIOUS PUBLICS FOR THE PURPOSE OF SECURING ONGOING SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHIMES FOUNDATION PROVIDES ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. THE FOUNDATION PROVIDES PROACTIVE SUPPORT OF NEW PROGRAMS AND SERVICES AND ALSO ASSISTS WITH FUNDING FOR PROGRAM NEEDS THAT EMERGE AND WERE UNANTICIPATED OR NOT INCLUDED IN PROGRAM OPERATING OR CAPITAL BUDGETS.IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION ENHANCE THE IMAGE OF CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS FOR THE PURPOSE OF SECURING ONGOING PHILANTHROPIC SUPPORT AND PROGRAM GROWTH. CHIMES FOUNDATION IS THE MAIN FUNDRAISING ARM OF CHIMES FAMILY OF SERVICES AND PROVIDES GRANTS TO ORGANIZATIONS WITHIN CHIMES, BUT ALSO IN SOME INSTANCES TO OUTSIDE ORGANIZATIONS THAT SHARE A COMMON PHILOSOPHY OF SERVICE TO PEOPLE WITH DISABILITIES AND BARRIERS TO INDEPENDENT LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey L Durant Edh Chairperson | OfficerTrustee | 2 | $0 |
Dianne L Salama Vice Chairperson | OfficerTrustee | 1 | $0 |
Terence G Blackwell Jr President/ceo | OfficerTrustee | 2 | $0 |
Stephen Dare Treasurer/cfo | OfficerTrustee | 2 | $0 |
Jane D Drumm Director | Trustee | 1 | $0 |
The Honorable Rochelle Spector Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,925 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,054 |
| Noncash contributions included in lines 1a–1f | $845,084 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,979 |
| Total Program Service Revenue | $0 |
| Investment income | $353,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$215,550 |
| Net Income from Fundraising Events | $108,129 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,328,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,600 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $91,693 |
| Advertising and promotion | $0 |
| Office expenses | $209 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $32,066 |
| Total functional expenses | $475,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,549,399 |
| Savings and temporary cash investments | $607,096 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $472,134 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,820 |
| Net Land, buildings, and equipment | $7,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,700,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,366,899 |
| Accounts payable and accrued expenses | $46,085 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,553,292 |
| Total liabilities | $2,599,377 |
| Net assets without donor restrictions | $13,441,228 |
| Net assets with donor restrictions | $326,294 |
| 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 | $16,366,899 |
Grants Awarded
Over the last fiscal year, Chime Foundation Incorporated has awarded $1,018,590 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HOLCOMB ASSOCIATES INC PURPOSE: COVID RELATED STAFFING COSTS | $170,229 |
CHIMES INTERNATIONAL LIMITED PURPOSE: COVID RELATED STAFFING COSTS | $150,000 |
CHIMES METRO INC PURPOSE: COVID RELATED STAFFING COSTS | $44,478 |
CHIMES VIRGINIA INC PURPOSE: COVID RELATED STAFFING COSTS | $61,237 |
THE CHIMES INC PURPOSE: COVID RELATED STAFFING COSTS | $592,646 |