Chime Education Foundation

Tax-deductible

Ann Arbor, MI501(c)(3)Since 2007Health CareEIN 20-8402295

Support the education of healthcare information technology professionals by receiving, raising, and administering funds for the purpose of granting scholarships to such persons.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $153K a year · 65% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+105% vs prior year
Spent
$316K
To programs
69%
Net assets
$563K
By yearFY2020–FY2024
Revenue
$218K
FY2024▲ +105%
Revenue by fiscal year
FY2020$102K
FY2021$172K
FY2022$518K
FY2023$290K
FY2024$106K
FY2024$218K
Expenses
$316K
FY2024▼ -28%
Expenses by fiscal year
FY2020$274K
FY2021$332K
FY2022$480K
FY2023$428K
FY2024$441K
FY2024$316K
Net assets
$563K
FY2024▼ -15%
Net assets by fiscal year
FY2020$998K
FY2021$1.1M
FY2022$841K
FY2023$819K
FY2024$662K
FY2024$563K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $218K Management & general 31% · $98K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
EVP Chief Digital & Marketing Officer
$0Pt VII · Sec A
See Chime Education Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Grants scholarships to support education for healthcare IT professionals.

Provided by the organization

This section is blank until Chime Education Foundation claims this page.

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2 program services account for $218K of program spending, described in the organization's own filed words · FY2024.
01

Since 2007, the chime education foundation has directly supported the professional development of emerging digital health leaders. The healthcare it environment continues to evolve at a rapid pace, and the need for qualified, committed professionals is increasingly critical.

$152Kprogram expense
02

The chime opioid task force (otf) was launched in early 2018 with a simple mission: to turn the tide on the opioid epidemic using the knowledge and expertise of the nation's healthcare it leaders. While our mission is simple, achieving it is not.

$66Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 6 grants · $996K · 2019–2024
Unitemized GrantFY2024$51,193
Unitemized GrantFY2023$93,171
Unitemized GrantFY2022$119,891
Unitemized GrantFY2021$238,178
Unitemized GrantFY2020$280,635
Unitemized GrantFY2019$213,428

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$185K
Investment incomeLn 3$32K
Money outPt IX
$316K
Ln 25
Programscol B$218K
Managementcol C$98K
Owns and owesPt X
$563K
net assets · Ln 32
Cash and savingsLn 1–2$484K
Total assetsLn 16$563K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$185K
Investment incomeLn 3$32K
Gains on assetsLn 7$20K
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$484K
SavingsLn 2$0
Cash and savings togetherLn 1–2$484K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$80K
Total assetsLn 16$563K
LiabilitiesLn 26$0
Net assetsLn 32$563K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$351K$484K
InvestmentsLn 11–13$793K$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.1M$563K
LiabilitiesLn 26$482K$0
Net assetsLn 32$662K$563K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$51K$51K
Other salaries and wagesLn 7$201K$164K$37K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$23K$23K
Other fees for servicesLn 11g$10K$0$10K$0
Advertising and promotionLn 12$2K$199$2K
Office expensesLn 13$238$238
Information technologyLn 14$8K$109$8K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$3K$2K$34
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$12K$12K
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$316K$218K$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $106K$441K−$334K$662K 990 PDF
FY2023 $290K$428K−$139K$819K 990 PDF
FY2022 $518K$480K$39K$841K 990 PDF
FY2021 $172K$332K−$160K$1.1M 990 PDF
FY2020 $102K$274K−$172K$998K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $217,584 across 6 lines filed
VIII-1d Related organizations$77,968
VIII-1f All other contributions, gifts and grants$107,319
VIII-1h Total contributions, gifts and grants$185,287
VIII-3 Investment incomeExcluded from tax $12,055$12,055
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20,242$20,242
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $32,297$217,584
Part IX · Statement of functional expenses $315,799 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $51,193$51,193
IX-7 Other salaries and wagesPrograms $164,280 · Management $36,851$201,131
IX-11b Legal feesManagement $2,816$2,816
IX-11c Accounting feesManagement $23,023$23,023
IX-11g Other fees for servicesPrograms $0 · Management $10,000 · Fundraising $0$10,000
IX-12 Advertising and promotionPrograms $199 · Management $1,654$1,853
IX-13 Office expensesManagement $238$238
IX-14 Information technologyPrograms $109 · Management $8,030$8,139
IX-17 TravelManagement $1,548$1,548
IX-19 Conferences, conventions and meetingsPrograms $2,477 · Management $34$2,511
IX-23 InsuranceManagement $1,377$1,377
IX-24 Other expenses (24a–d)Management $11,970$11,970
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $218,258 · Management $97,541 · Fundraising $0$315,799
Part X · Balance sheet $563,321 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $350,881$483,662
X-2 Savings and temporary cash investmentsStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $793,059$0
X-15 Other assetsStart of year $0$79,659
X-16 Total assetsStart of year $1,143,940$563,321
X-25 Other liabilitiesStart of year $476,454$0
X-26 Total liabilitiesStart of year $482,404$0
X-27 Net assets without donor restrictionsStart of year $526,619$563,321
X-32 Total net assets or fund balancesStart of year $661,536$563,321
X-33 Total liabilities and net assetsStart of year $1,143,940$563,321
Part XI · Reconciliation of net assets $563,321 net assets at year end
XI-1 Total revenue$217,584
XI-2 Total expenses$315,799
XI-3 Revenue less expenses−$98,215
XI-4 Net assets at start of year$661,536
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$563,321

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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