Cbf Foundation Inc
- Assets
- $935.3k
- Revenue
- $244.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Isle Of Palms, SC
- Founding
- Data as of
- 12/2022
- EIN
- 86-2477565
Organization Overview
Cbf Foundation Inc is located in Isle Of Palms, SC. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cbf 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 12/2022, Cbf Foundation Inc generated $244.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (47.1%) each year. All expenses for the organization totaled $102.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURSUE EDUCATING PEOPLE USING THEIR POTENTIAL BY CONNECTING THEM TO ACADEMIC, ARTISTIC, CULTURAL, ENVIRONMENTAL, SOCIAL, ATHLETIC AND SPIRITUAL RESOURCES SO THEY CAN TRANSFORM THE WORLD INTO A MORE PEACEFUL, GIVING, AND LOVING ENVIRONMENT. THE FOUNDATION IS LEASING THE BATH GARDENS PROPERTY LOCATED IN BLYTHE, GA TO THE BATH GARDENS FOUNDATION, INC, A PUBLIC CHARITY. THE LEASE IS "RENT FREE" FOR THE TERM MAY 1, 2021 THROUGH APRIL 30, 2026.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Fleming Director/ceo | 4 | $0 | |
Ellis Izlar Director/sec | 1.25 | $0 | |
Charles Izlar Director/tre | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $243,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,038 |
| Total Revenue | $244,038 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,630 |
| Depreciation | $5,204 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,758 |
| Printing and publications | $0 |
| Other expenses | $61,989 |
| Total operating and administrative expenses | $90,444 |
| Contributions, gifts, grants paid | $12,250 |
| Total expenses and disbursements | $102,694 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,368 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $931,941 |
| Other assets | $0 |
| Total assets | $935,309 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cbf Foundation Inc has awarded $12,250 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BATH GARDENS FOUNDATION INC PURPOSE: HISTORIC LAND EDUCATION AND PRESERVE | $12,000 |
HALE FOUNDATION PURPOSE: EDUCATION & TREATMENT | $250 |