CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP

EIN: 474404976 501(c)(3) Public & Societal Benefit

NEW YORK, NY

Total Revenue
$1,750,000
Total Expenses
$1,355,347
Total Assets
$661,255
Net Assets
$439,968
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
DE
Principal Officer
JOEL BELL
Phone
2122301283
Tax Period
2019-01-01 to 2019-12-31

CHUMIR FOUNDATION FOR ETHICS IN LEADERSHIP, founded in 2015, is a community nonprofit in the Public & Societal Benefit sector that reported $1.8M in total revenue in fiscal year 2019. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $395K, a strong 23% operating margin.

Mission

CHUMIR FOUNDATION WORKS TO FACILITATE OPEN-MINDED, INFORMED AND RESPECTFUL DIALOGUE AMONG A BROAD AND ENGAGED PUBLIC AND ITS LEADERS TO ARRIVE AT OUTCOMES THAT HELP TO CREATE BETTER COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $458,614

GEOPOLITICAL DIALOGUE SHIFTING GEOPOLITICAL POWER AND INFLUENCE OVER THE LAST FEW DECADES HAVE PRODUCED A DOMINANTLY BIPOLAR STRUCTURE AROUND THE RELATIONSHIP OF U.S. AND CHINA. THEIR COMPETING...

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GEOPOLITICAL DIALOGUE SHIFTING GEOPOLITICAL POWER AND INFLUENCE OVER THE LAST FEW DECADES HAVE PRODUCED A DOMINANTLY BIPOLAR STRUCTURE AROUND THE RELATIONSHIP OF U.S. AND CHINA. THEIR COMPETING PURSUITS, DIFFERING IDEOLOGIES, POLITICAL DISTRUST AND NATIONALISTIC ASSERTIVENESS, WITH MILITARISM IN THEIR TOOLKITS, POSE RISKS. NEW AND RISING TENSIONS THREATEN SECURITY, IMPORT COSTS, IMPEDE ECONOMIC EFFICIENCIES AND FOREGO GAINS. THROUGH PROGRAMS OF RESEARCH, DIALOGUE AND POLICY ANALYSIS, BOTH ITSELF AND IN COLLABORATION WITH CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE, THE FOUNDATION IS EXPLORING WAYS IN WHICH THE INTERCONNECTED 'REST OF THE WORLD' MIGHT RESIST ALIGNMENT THAT DEEPENS DISTRUST AND FUELS HOSTILITY. SHARED BASIC INTERESTS REQUIRE CULTIVATION AND COLLABORATION, PARTICULARLY AT THIS TIME AT WHICH A NEW DISTRIBUTION OF GEOPOLITICAL POWER AND TECHNOLOGICAL CAPACITIES HAVE SEIZED THE GLOBAL AGENDA, SEEMINGLY PLACING US AT SOMEWHAT OF A CROSSROADS. APPROXIMATELY 100 MEETINGS WERE HELD WITH APPROXIMATELY 300 GOVERNMENT OFFICIALS, ACADEMICS AND POLICY MAKERS IN 7 DIFFERENT COUNTRIES THE UNITED STATES, RUSSIA, CHINA, ENGLAND, SCOTLAND, FRANCE AND BELGIUM.

Program 2
Expenses: $328,542

ARTS IN SOCIETYARTS DO NOT SHAPE GEOPOLITICAL EVENTS BUT THEY HELP SHAPE MAN, WHO DOES SHAPE SUCH EVENTS. THE FOUNDATION REVERSES THE TRADITIONAL QUESTION OF HOW THE ARTIST AND HIS/HER ART REFLECT...

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ARTS IN SOCIETYARTS DO NOT SHAPE GEOPOLITICAL EVENTS BUT THEY HELP SHAPE MAN, WHO DOES SHAPE SUCH EVENTS. THE FOUNDATION REVERSES THE TRADITIONAL QUESTION OF HOW THE ARTIST AND HIS/HER ART REFLECT THE COMMUNITY AND EXPLORES HOW ART AND ARTIST, BY DESIGN OR ORGANIC PROCESS, AFFECT THE INDIVIDUALS, GROUPS, AND COMMUNITIES OF WHICH THEY ARE A PART. THE UNIVERSALITY OF ARTISTIC EXPRESSION CONFIRMS ITS SIGNIFICANT ROLE. THROUGH INSTRUCTION AND DISCUSSION, TALENTED YOUNG ARTISTS ARE EXPOSED TO ASPECTS BEYOND PROFICIENCY. AN ART COMPONENT ALONGSIDE OTHER PROGRAMMING SENSITIZES PARTICIPANTS TO SHARED HUMAN INTERESTS AND FACILITATES COMMUNICATION ACROSS OTHER DIVIDES. THE FOUNDATION ORGANIZES RESEARCH AND DIALOGUE TO CONSIDER ART IN ITS CONTEXT AND IN COMMUNITY AND IS PLANNING A GLOBAL CONFERENCE OF LEADING THINKERS IN THE FIELD FOR LATE 2022. APPROXIMATELY 30 MEETINGS WERE HELD INCLUDING 79 PARTICIPANTS IN THE US AND AUSTRIA DURING THE COURSE OF THE YEAR.

Program 3
Expenses: $363,788

OTHER PROGRAMS INCLUDE ORGANIZING AND WORKING IN PARTNERSHIP WITH THOUGHT-LEADING INSTITUTIONS AND INDIVIDUALS FOR THE PURPOSE OF GENERATING IDEAS, INCLUDING BUT NOT LIMITED TO THE ETHICAL, ECONOMIC...

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OTHER PROGRAMS INCLUDE ORGANIZING AND WORKING IN PARTNERSHIP WITH THOUGHT-LEADING INSTITUTIONS AND INDIVIDUALS FOR THE PURPOSE OF GENERATING IDEAS, INCLUDING BUT NOT LIMITED TO THE ETHICAL, ECONOMIC, POLITICAL AND SOCIAL ASPECTS OF HISTORICALLY HIGH AND GROWING NUMBERS AND INCREASINGLY PROTRACTED DURATION OF FORCIBLY DISPLACED PEOPLE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $1,750,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,750,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,917
Fundraising Expenses $35,281
Program Expenses $1,150,944
Other Expenses $766,430
TOTAL EXPENSES $1,355,347

Year-over-Year Comparison

2019 2018 Change
Revenue $1,750,000 $1,100,000 +0.6%
Expenses $1,355,347 $996,111 +0.4%
Net Income $394,653 $103,889 +2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
1
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$475,000
Total Directors
5
$475,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOEL BELL CHAIRMAN/CEO 35.00
Officer Director
$325,000 $0 $325,000
RAUL SUAREZ DIRECTOR 5.00
Director
$0 $0 $0
DAVID GORDON DIRECTOR 2.00
Director
$0 $0 $0
SCOTT BODIE DIRECTOR 2.00
Director
$0 $0 $0
MARIFE HERNANDEZ VICE-CHARIMAN/ASS'T CEO 3.00
Officer Director
$150,000 $0 $150,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2019 $1,750,000 $1,355,347 $661,255 $394,653
2018 $1,100,000 $996,111 $123,291 $103,889
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