philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

The Cfm Foundation FY2024 filing

Tax-deductible

Quincy, IL501(c)(3)Since 1942Foundations & GrantmakersEIN 37-6026254Revenue $9.7M in FY2024

On file with the IRS201 S 5th Street Suite 301, 62301-3917 · Quincy, ILTax-exempt since Apr 1984Supporting organization — 509(a)(3)

This page gets seen. Tell your story. Claim this org.

Provide grants to public charities

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $536K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$614K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$9.7M
+130% vs prior year
Spent
$8.9M
To programs
90%
Net assets
$110.3M
By yearFY2021–FY2025
Revenue
$9.7M
FY2024▲ +130%
Tap a bar for its year
Revenue by fiscal year
FY2021$8.2M
FY2022$10.4M
FY2023$5.1M
FY2023$4.2M
FY2024$9.7M
FY2025$10.4M
Expenses
$8.9M
FY2024▲ +143%
Tap a bar for its year
Expenses by fiscal year
FY2021$5.5M
FY2022$4.1M
FY2023$4.2M
FY2023$3.7M
FY2024$8.9M
FY2025$18.3M
Net assets
$110.3M
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$112.1M
FY2022$110.6M
FY2023$101.5M
FY2023$108.0M
FY2024$110.3M
FY2025$105.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1984.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $8.0M Management & general 10% · $930K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Delmer R Mitchell
Director - P
$0Pt VII · Sec A
Harold B Oakley
Director - S
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Cfm Foundation executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Award grants to support public charities' work.

Questions for The Cfm Foundation

Tap to ask. The Cfm Foundation sees how many people are interested.

Your first name shows with your question. The Cfm Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $8.0M · in their own filed words · FY2024
01

Grants provided to public charities

$8.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 168 grants · $39.5M · 2020–2025
Quincy University CorporationIL · FY2025$10,000,000
Quincy Society of Fine ArtsIL · FY2025$2,104,100
Sunset HomeIL · FY2025$1,000,000
Quincy Society of Fine ArtsIL · FY2025$1,000,000
Sunset HomeIL · FY2025$500,000
Blessing HospitalIL · FY2025$500,000
Quincy Society of Fine ArtsIL · FY2025$270,000
Quincy Park Board FoundationIL · FY2025$200,000
Quincy University CorporationIL · FY2025$169,650
Quincy Society of Fine ArtsIL · FY2025$150,000
Quincy Area Project General FundIL · FY2025$125,000
Quincy Family YMCAIL · FY2025$100,000
The Salvation ArmyIL · FY2025$100,000
Quincy Society of Fine ArtsIL · FY2025$100,000
Cheerful Home AssociationIL · FY2025$100,000
Boy Scouts of America MvcIL · FY2025$100,000
Quincy Society of Fine ArtsIL · FY2025$80,000
Quincy Society of Fine ArtsIL · FY2025$79,252
See all 168 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9.7M
Ln 12
Investment incomeLn 3$9.7M
Money outPt IX
$8.9M
Ln 25
Programscol B$8.0M
Managementcol C$930K
Owns and owesPt X
$110.3M
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$110.9M
LiabilitiesLn 26$614K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$9.7M
Gains on assetsLn 7$7.1M
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
SavingsLn 2$2.1M
Cash and savings togetherLn 1–2$2.1M
InvestmentsLn 11–13$108.6M
Other assetsLn 15$161K
Total assetsLn 16$110.9M
LiabilitiesLn 26$614K
Net assetsLn 32$110.3M
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$2.1M
InvestmentsLn 11–13$106.5M$108.6M
Total assetsLn 16$108.6M$110.9M
LiabilitiesLn 26$608K$614K
Net assetsLn 32$108.0M$110.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8.0M$8.0M
Other salaries and wagesLn 7$62K$62K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$11K$11K
Investment management feesLn 11f$772K$772K
Other fees for servicesLn 11g$19K$19K
Office expensesLn 13$5K$5K
OccupancyLn 16$5K$5K
TravelLn 17$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$60K$60K
Total functional expensesLn 25$8.9M$8.0M$930K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $10.4M$18.3M−$7.9M$105.6M 990 PDF
FY2024 Viewing $9.7M$8.9M$753K$110.3M 990 PDF
FY2023 $5.1M$4.2M$941K$101.5M 990 PDF
FY2022 $10.4M$4.1M$6.3M$110.6M 990 PDF
FY2021 $8.2M$5.5M$2.6M$112.1M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (6 parts)
Part I · Summary $9,682,452 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,206,013$9,682,452
I-11 Other revenue$0
I-12 Total revenuePrior year $4,206,013$9,682,452
I-13 Grants and similar amounts paidPrior year $2,982,805$7,979,747
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,685$66,951
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $645,077$883,126
I-18 Total expensesPrior year $3,677,567$8,929,824
I-19 Revenue less expensesPrior year $528,446$752,628
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $9,682,452 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $2,611,406$2,611,406
VIII-7 Net gain or loss on sales of assetsExcluded from tax $7,071,046$7,071,046
VIII-12 Total revenueExcluded from tax $9,682,452$9,682,452
Part IX · Statement of functional expenses $8,929,824 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $7,979,747$7,979,747
IX-7 Other salaries and wagesManagement $62,193$62,193
IX-10 Payroll taxesManagement $4,758$4,758
IX-11b Legal feesManagement $8,772$8,772
IX-11c Accounting feesManagement $10,900$10,900
IX-11f Investment management feesManagement $771,753$771,753
IX-11g Other fees for servicesPrograms $19,032$19,032
IX-13 Office expensesManagement $4,974$4,974
IX-16 OccupancyManagement $4,600$4,600
IX-17 TravelPrograms $1,417$1,417
IX-23 InsuranceManagement $2,140$2,140
IX-24 Other expenses (24a–d)Management $59,538$59,538
IX-25 Total functional expensesPrograms $8,000,196 · Management $929,628 · Fundraising $0$8,929,824
Part X · Balance sheet $110,869,393 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,936,169$2,063,604
X-9 Prepaid expenses and deferred chargesStart of year $642$642
X-11 Publicly traded securitiesStart of year $106,491,616$108,644,191
X-15 Other assetsStart of year $130,273$160,956
X-16 Total assetsStart of year $108,558,700$110,869,393
X-17 Accounts payable and accrued expensesStart of year $8,449$3,063
X-18 Grants payableStart of year $600,000$611,167
X-26 Total liabilitiesStart of year $608,449$614,230
X-27 Net assets without donor restrictionsStart of year $107,950,251$110,255,163
X-32 Total net assets or fund balancesStart of year $107,950,251$110,255,163
X-33 Total liabilities and net assetsStart of year $108,558,700$110,869,393
Part XI · Reconciliation of net assets $110,255,163 net assets at year end
XI-1 Total revenue$9,682,452
XI-2 Total expenses$8,929,824
XI-3 Revenue less expenses$752,628
XI-4 Net assets at start of year$107,950,251
XI-5 Net unrealized gains (losses) on investments$1,552,284
XI-10 Net assets at end of year$110,255,163

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.