Chime Foundation Incorporated: FY2021 Nonprofit Profile & Form 990 (EIN 52-1796571)

Revenue by fiscal year
FY2020	$1.3M
FY2021	$1.1M
FY2022	$1.3M
FY2023	$1.1M
FY2024	$1.4M
FY2024	$2.2M

Expenses by fiscal year
FY2020	$1.3M
FY2021	$1.2M
FY2022	$476K
FY2023	$1.1M
FY2024	$1.4M
FY2024	$2.3M

Net assets by fiscal year
FY2020	$12.9M
FY2021	$14.5M
FY2022	$13.8M
FY2023	$15.1M
FY2024	$16.5M
FY2024	$17.8M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1994.

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

Where the money goes

84 cents of each dollar spent went to programs.

84%

16%

Program services 84% · $1.0M Management & general 16% · $195K

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

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Tracey L Durant Edh

Chairperson

$0Pt VII · Sec A

Dianne L Salama

Vice Chairperson

$0Pt VII · Sec A

Gail Rossmark

Secretary

$0Pt VII · Sec A

Jane D Drumm

Director

$0Pt VII · Sec A

The Honorable Rochelle Spector

Director

$0Pt VII · Sec A

Terence G Blackwell JR

President/CEO

$0Pt VII · Sec A

Stephen Dare

CFO

$0Pt VII · Sec A

Michael J Mitchell

Director

$0Pt VII · Sec A

See Chime Foundation Incorporated 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

Funds programs and services that improve the quality of life for people with disabilities.

Questions for Chime Foundation Incorporated

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020

01

Chimes foundation provides ongoing financial support for programs and services which enhance the quality of life for people with disabilities. The foundation provides proactive support of new programs and services and also assists with funding for program needs that emerge and were unanticipated or not included in program operating or…

$1.0Mprogram expense

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 · FY2025

T Rowe Price Program for Charitable Giving INCFY2025$6K

Total grants receivedfrom 1 funder$6K

Grants paid · 15 grants · $2.0M · 2019–2024

Chimes District of Columbia INCMD · FY2024$36,038

Holcomb Associates INCPA · FY2024$23,500

Chimes Metro INCMD · FY2024$20,337

The Chimes INCMD · FY2020$592,646

Holcomb Associates INCPA · FY2020$170,229

Chimes International LimitedMD · FY2020$150,000

Chimes Virginia INCMD · FY2020$61,237

Chimes Metro INCMD · FY2020$44,478

Unitemized GrantFY2020$5,000

Holcomb Associates INCPA · FY2019$270,140

Chimes International LimitedMD · FY2019$242,630

Chimes District of Columbia INCMD · FY2019$156,309

The Chimes INCMD · FY2019$97,982

Chimes Metro INCMD · FY2019$79,757

Chimes Virginia INCMD · FY2019$17,803

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.1M

Ln 12

Investment incomeLn 3$955K

Gifts and grantsLn 1h$140K

Money outPt IX

$1.2M

Ln 25

Programscol B$1.0M

Managementcol C$195K

Owns and owesPt X

$14.5M

net assets · Ln 32

Cash and savingsLn 1–2$5.0M

Total assetsLn 16$16.9M

LiabilitiesLn 26$2.4M

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a11

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$140K

Investment incomeLn 3$955K

Gains on assetsLn 7$705K

Total revenueLn 12$1.1M

Assets in detailPt X, end of year

CashLn 1$2.7M

SavingsLn 2$2.3M

Cash and savings togetherLn 1–2$5.0M

InvestmentsLn 11–13$11.1M

Land, buildings, equipmentLn 10c$8K

Total assetsLn 16$16.9M

LiabilitiesLn 26$2.4M

Net assetsLn 32$14.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 62

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$4.5M	$5.0M
InvestmentsLn 11–13	$10.8M	$11.1M
Land, buildings, equipmentLn 10c	$8K	$8K
Total assetsLn 16	$16.1M	$16.9M
LiabilitiesLn 26	$3.2M	$2.4M
Net assetsLn 32	$12.9M	$14.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.0M	$1.0M
Grants to domestic individualsLn 2	$5K	$5K
Other fees for servicesLn 11g	$35K		$35K
Office expensesLn 13	$873		$873
Other expenses (24a–d)Ln 24	$162K		$162K
All other expensesLn 24e	−$3K		−$3K
Total functional expensesLn 25	$1.2M	$1.0M	$195K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$1.4M	$1.4M	−$50K	$16.5M	990 PDF
FY2023	$1.1M	$1.1M	−$14K	$15.1M	990 PDF
FY2022	$1.3M	$476K	$852K	$13.8M	990 PDF
FY2021 Viewing	$1.1M	$1.2M	−$128K	$14.5M	990 PDF
FY2020	$1.3M	$1.3M	−$44K	$12.9M	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 FY2021 990 (6 parts)

Part I · Summary $1,095,454 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $646,428$140,449

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $897,524$955,005

I-11 Other revenuePrior year −$283,358$0

I-12 Total revenuePrior year $1,260,594$1,095,454

I-13 Grants and similar amounts paidPrior year $874,558$1,028,263

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $430,154$195,350

I-18 Total expensesPrior year $1,304,712$1,223,613

I-19 Revenue less expensesPrior year −$44,118−$128,159

Part VI · Governance 11 of 11 board members independent, no flags

VI-1a Voting members of the governing body11

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,095,454 across 5 lines filed

VIII-1f All other contributions, gifts and grants$140,449

VIII-1h Total contributions, gifts and grants$140,449

VIII-3 Investment incomeExcluded from tax $250,072$250,072

VIII-7 Net gain or loss on sales of assetsExcluded from tax $704,933$704,933

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $955,005$1,095,454

Part IX · Statement of functional expenses $1,223,613 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $1,023,263$1,023,263

IX-2 Grants to domestic individualsPrograms $5,000$5,000

IX-11g Other fees for servicesManagement $35,425$35,425

IX-13 Office expensesManagement $873$873

IX-24 Other expenses (24a–d)Management $162,469$162,469

IX-24e All other expensesManagement −$3,417−$3,417

IX-25 Total functional expensesPrograms $1,028,263 · Management $195,350 · Fundraising $0$1,223,613

Part X · Balance sheet $16,891,967 assets, 15 lines filed

Asset lines not itemized here account for $584,267; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $4,211,692$2,687,900

X-2 Savings and temporary cash investmentsStart of year $277,397$2,348,389

X-3 Pledges and grants receivableStart of year $76,727$75,427

X-4 Accounts receivable$23,371

X-9 Prepaid expenses and deferred charges$19,070

X-10c Land, buildings and equipment, netStart of year $7,907$7,907

X-12 Other securitiesStart of year $10,849,558$11,145,636

X-16 Total assetsStart of year $16,107,586$16,891,967

X-17 Accounts payable and accrued expensesStart of year $2,451$3,250

X-25 Other liabilitiesStart of year $3,179,584$2,398,237

X-26 Total liabilitiesStart of year $3,182,035$2,401,487

X-27 Net assets without donor restrictionsStart of year $9,980,080$14,135,881

X-28 Net assets with donor restrictionsStart of year $2,945,471$354,599

X-32 Total net assets or fund balancesStart of year $12,925,551$14,490,480

X-33 Total liabilities and net assetsStart of year $16,107,586$16,891,967

Part XI · Reconciliation of net assets $14,490,480 net assets at year end

XI-1 Total revenue$1,095,454

XI-2 Total expenses$1,223,613

XI-3 Revenue less expenses−$128,159

XI-4 Net assets at start of year$12,925,551

XI-5 Net unrealized gains (losses) on investments$1,693,088

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$14,490,480

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Chime Foundation Incorporated FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Chime Foundation Incorporated

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV