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CDC Foundation EIN 75-1326866

CDC Foundation FY2021 filing

EIN  75-1326866 Supporting organization Dallas, TX Founded 1970
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
<$100K
What they do
Raises money to support the Citizens Development Center's programs.
Leadership
Obi Chukwumah · President
Money in and out
$112K revenue, $16K expenses
Bottom line
+86% net inflow

Raises money to support the Citizens Development Center's programs. For fiscal year 2021 it reported $112K in revenue, $16K in expenses, and $490K in net assets.Pt I

Money in and out · FY2021
Total revenue
$112K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$490K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $96K
Where spending went · Part IX cols B–D
Management & general $1.00
Net inflow
+86%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
0%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$112K
FY2021▲ +85%
Expenses
$16K
FY2021▼ -92%
Total assets
$490K
FY2021▲ +41%
Total liabilities
$0
FY2021
Total revenue
$112K
Pt VIII · Ln 12
Total expenses
$16K
Pt IX · Ln 25
Net assets
$490K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$96K
Total assetsPt X · Ln 16$490K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

CDC foundation receives and maintains funds AND/OR personal propertyfor citizens development center (CDC), dba achieve, a place to grow, a texas nonprofit. All funds and holdings, and the proceeds thereof, are for the sole benefit of CDC which aids individuals with severe disabilities to prepare for and participate in the workforce to…

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCDC Foundation
EINHdr · item D75-1326866
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1970
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Obi Chukwumah
President
$0Pt VII · Sec A
Lynne Bartusek
Vice President
$0Pt VII · Sec A
Kathy Still
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Terez Smith
Director of Finance
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Other revenue$78K · 69%
Investment income$35K · 31%
Other revenue69%$78K
Investment income31%$35K
Total revenueLn 12$112K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$16K
Total functional expensesLn 25$16K

Balance Sheet

Part X · end of year
CashLn 1$75K
Total assetsLn 16$490K
Total liabilitiesLn 26$0
Total net assetsLn 32$490K
Months of cash on handcomputed55.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $477K · Operating expenses/yr $16K
354.3 months
Where the money goes
Program services
Program services $0 · Total expenses $16K
0%
Management & General
Management & general $16K · Total expenses $16K
100%
Fundraising
Fundraising $0 · Total expenses $16K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $112K
0%
Government reliance
Government grants — · Total revenue $112K
—
Earned-income share
Program service revenue $0 · Total revenue $112K
0%
Investment reliance
Investment income $35K · Total revenue $112K
+31%
Program self-sufficiency
Program service revenue $0 · Total expenses $16K
0%
Growth & trend
Revenue growth (YoY)
This year $112K · Prior year $61K
+85%
Net-asset trend (YoY)
End of year $490K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $112K · Expenses $16K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $490K
—
Net-asset ratio
Net assets $490K · Total assets $490K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $402K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $490K
82%
People & payroll
Highest Reported Total Compensation
Individual Obi Chukwumah · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $16K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $16K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Revenue growth 85%——
Investment management fee ratio 1%——
Legal fee ratio 59%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
The Wilson Family FoundationFY2025$50K
Total grants receivedfrom 1 funder$50K
Grants paid · 1 grant · $200K · 2019–2019
Citizens Development CenterTX · FY2019$200,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$57K revenue · ⤓ 990 PDF
FY2023$71K revenue · ⤓ 990 PDF
FY2022$74K revenue · ⤓ 990 PDF
FY2021$112K revenue · viewing · ⤓ 990 PDF
FY2020$61K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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