Overview
What is The Chimes Foundation Inc?
The Chimes Foundation Inc is a nonprofit organization based in Baltimore, Maryland, specifically at 4815 Seton Drive. Its primary purpose is to offer ongoing financial assistance for programs and services that improve the quality of life for individuals with disabilities. The foundation proactively supports new initiatives and provides funding for unexpected program needs. Additionally, the work of The Chimes Foundation enhances the reputation of the Chimes Family of Services, positioning these organizations to secure ongoing philanthropic support and facilitate program growth. The Chimes Foundation acts as the primary fundraising arm of the Chimes Family of Services, disbursing grants to organizations within the network as well as external organizations that share a common philosophy of serving individuals with disabilities and barriers to independent living.
Official website here: www.chimes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64% (Two-Star out of Four Star Rating)
The Chimes Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a score of 64%. This rating indicates that while the organization demonstrates some strong accountability and financial practices, there are notable areas for improvement, especially regarding its financial efficiency in program expenses relative to total expenses.
Strengths of the organization include a fully independent board, with all members meeting independence criteria, and a solid leadership and adaptability score of 100. The foundation has also implemented comprehensive policies regarding audits, conflicts of interest, and whistleblower protections, which contribute positively to its governance and transparency.
However, the foundation's program expense ratio is significantly low at 36.61%, suggesting that a larger portion of its resources may not be directly supporting its mission-driven activities. Additionally, the liabilities to assets ratio of 17.96% raises concerns about its financial stability. These factors indicate a need for the organization to enhance its programmatic impact and overall financial health to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Chimes Foundation Inc legitimate?
The Chimes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chimes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chimes.org
What is the mission statement of The Chimes Foundation Inc?
The Chimes Foundation Inc's mission is centered around providing ongoing financial support for programs and services that significantly improve the quality of life for individuals with disabilities. In addition to this, the foundation aims to enhance the reputation of the Chimes Family of Services by strategically positioning these organizations among their various publics. This positioning is done with the objective of securing ongoing support for these organizations, thereby ensuring their continued operation and impact in the lives of those with disabilities.
Official website here: www.chimes.org
Who is the CEO of The Chimes Foundation Inc?
Stephen Dare is the Chairperson of The Chimes Foundation Inc. The CEO's salary of The Chimes Foundation Inc is $0 and their total compensation is $0.
Official website here: www.chimes.org
What is the revenue of The Chimes Foundation Inc?
The Chimes Foundation Inc's revenue in 2022 was $1,328,027.
Official website here: www.chimes.org
Who are the executives of The Chimes Foundation Inc and what are their salaries?
There 11 volunteers at The Chimes Foundation Inc.
Here are 12 key members and their salaries (The Chimes Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.chimes.org
Where can I find the form 990 for The Chimes Foundation Inc?
The Chimes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chimes.org
Learn more at the official website: www.chimes.org
Mission Statement of The Chimes Foundation Inc
The Chimes Foundation Inc, a nonprofit organization, is committed to providing ongoing financial support for programs and services that enhance the quality of life for individuals with disabilities. Beyond monetary assistance, the foundation aims to elevate the reputation of the Chimes Family of Services within various communities. By strategically positioning these organizations, The Chimes Foundation Inc seeks to secure ongoing support for their cause, thereby ensuring the continuity and success of their initiatives. In essence, the mission of The Chimes Foundation Inc is to improve the lives of people with disabilities and bolster the image of the Chimes Family of Services.
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Impact
July, 2024
The Chimes Foundation Inc has a significant impact on enhancing the quality of life for people with disabilities. By providing ongoing financial support for programs and services that cater to the needs of this community, the foundation plays a crucial role in ensuring individuals with disabilities have access to necessary resources and opportunities for independent living. Additionally, the foundation's efforts in strategic positioning enhance the image of the Chimes Family of Services, helping to secure ongoing support and promote program growth. Through grants and support to both internal and external organizations with a shared commitment to serving individuals with disabilities, The Chimes Foundation Inc is a key player in advocating for and improving the lives of this community.
This information is meant to be a general summary of The Chimes 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 2022.
- Investment Income: $137,919
- Gross Receipts: $1,562,699
Assets and Liabilities:
- Total Assets: $16,366,899
- Total Liabilities: $2,599,377
- Net Assets: $13,767,522
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Organization Details
Founding Year
1991
Phone
(410) 358-6400Principal Officer
Stephen Dare
Main Address
4815 SETON DRIVE, BALTIMORE, MD, 21215
Website
www.chimes.orgNTEE Category
Code: P120 - Human services
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