Overview
What is Cibc Foundation Inc?
Cibc Foundation Inc, established 34 years ago, is a nonprofit organization based in Blue Bell, Pennsylvania. Their primary mission is to enhance the lives of individuals and families by providing exceptional housing and various supports to local organizations that cater to individuals with intellectual disabilities. The foundation, led by its President and CEO, strives to build mutually beneficial relationships within the community. With a team of four dedicated employees, Cibc Foundation Inc has been dedicated to this mission since its inception.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star rating)
The Cibc Foundation Inc has received a rating of 64% from Charity Navigator, categorizing it as a Two-Star nonprofit. This rating indicates some strengths in its financial management, particularly with a high program expense ratio of 97.48%, suggesting that a significant portion of its funds is directed towards its programs. Additionally, the foundation has strong policies in place for conflict of interest, whistleblower protections, and document retention.
However, the organization has notable weaknesses in its governance and transparency practices. It has received low scores for the majority of its accountability and finance metrics, particularly in having an independent board and financial statement accessibility. This raises concerns about its oversight and the potential for conflicts of interest. The lack of publicly available financial documents on its website further impacts its transparency rating.
Overall, while Cibc Foundation Inc demonstrates strong commitment to program funding, significant improvements are needed in governance and financial transparency to enhance trust and accountability within the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cibc Foundation Inc legitimate?
Cibc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cibc Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $36,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,498
For more financial information, click here
What is the mission statement of Cibc Foundation Inc?
The mission of CIBC Foundation Inc, established 34 years ago, is centered around enriching the lives of individuals and families by providing exceptional community-based support. This organization fosters mutually beneficial relationships to achieve this goal. CIBC Foundation Inc has been dedicated to this mission since its inception, aiming to assist local organizations that cater to individuals with intellectual disabilities, offering them housing and other necessary support services.
What is the revenue of Cibc Foundation Inc?
Cibc Foundation Inc's revenue in 2024 was $1,376,172.
Who are the executives of Cibc Foundation Inc and what are their salaries?
The average compensation at Cibc Foundation Inc during 2024 was $56,024. There are 4 employees at Cibc Foundation Inc.
Here are 8 key members and their salaries:
- Compensation: $36,600
- Related: $155,490
- Other: $0
- Compensation: $50,000
- Related: $40,098
- Other: $0
- Compensation: $0
- Related: $28,839
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cibc Foundation Inc?
Cibc Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Cibc Foundation Inc
CIBC Foundation, established 34 years ago by its current President and CEO, is committed to enriching the lives of individuals and families through community-based supports and mutually beneficial relationships. At the heart of its mission, CIBC Foundation strives to provide exceptional housing and other essential supports to local organizations that care for individuals with intellectual disabilities. By fostering these relationships, the foundation aims to make a meaningful impact in the lives of those it serves, ensuring they can lead fulfilling and enriching lives.
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Impact
October, 2024
CIBC Foundation Inc has a significant impact on individuals with intellectual disabilities and their families in the Blue Bell, PA area. By providing exceptional housing options and a range of supportive services, the foundation enhances the quality of life for these individuals. Their mission focuses on fostering community-based supports and building mutually rewarding relationships, which has been a driving force for the organization over its 34-year history. This commitment not only enriches the lives of those they serve but also strengthens the local community by promoting inclusivity and support for vulnerable populations.
This information is meant to be a general summary of Cibc Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $81,551
- Program Service Revenue: $873,091
- Gross Receipts: $1,472,642
Assets and Liabilities:
- Total Assets: $9,592,848
- Total Liabilities: $3,236,277
- Net Assets: $6,356,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$873,091
Organization Details
Founding Year
1983
Principal Officer
Edward A Sutherland
NTEE Category
Code: P70 - Human services
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