THE CHIMES FOUNDATION INC

EIN: 521796571 501(c)(3) Human Services

BALTIMORE, MD

Total Revenue
$1,115,924
Total Expenses
$1,130,057
Total Assets
$18,424,374
Net Assets
$15,115,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DE
Principal Officer
STEPHEN DARE
Phone
4103586400
Tax Period
2022-07-01 to 2023-06-30

THE CHIMES FOUNDATION INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Net assets of $15.1M represent 163 months of operating reserves.

Mission

TO PROVIDE ONGOING FINANCIAL SUPPORT FOR PROGRAMS AND SERVICES WHICH ENHANCE THE QUALITY OF LIFE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE FOR PEOPLE WITH DISABILITIES. IN ADDITION, THE EFFORTS OF THE CHIMES FOUNDATION WILL ENHANCE THE IMAGE OF THE CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS AMONG THEIR VARIOUS PUBLICS FOR THE PURPOSE OF SECURING ONGOING SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $649,744
Program Service Revenue $0
Investment Income $345,238
Other Revenue $120,942
TOTAL REVENUE $1,115,924

Expense Breakdown

Grants Paid $2,246
Salaries & Benefits $0
Fundraising Expenses $846,435
Program Expenses $2,246
Other Expenses $1,127,811
TOTAL EXPENSES $1,130,057

Year-over-Year Comparison

2022 2021 Change
Revenue $1,115,924 $1,328,027 -0.2%
Expenses $1,130,057 $475,664 +1.4%
Net Income $-14,133 $852,363 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY DURANT CHAIRPERSON 2.00
Officer Director
$0 $0 $0
STEPHEN DARE PRESIDENT/CEO 2.00
Officer Director
$0 $0 $0
KYNNEE GOLDER DIRECTOR 2.00
Director
$0 $0 $0
SARAH LIEB DIRECTOR 2.00
Director
$0 $0 $0
MICHAEL MITCHELL DIRECTOR 2.00
Director
$0 $0 $0
DILIP PALIATH DIRECTOR 2.00
Director
$0 $0 $0
ROCHELLE SPECTOR DIRECTOR 2.00
Director
$0 $0 $0
DANIELLE VRANIAN DIRECTOR 2.00
Director
$0 $0 $0
PAMELA MEADOWS DIRECTOR 2.00
Director
$0 $0 $0
KEVIN ZGORSKI TREASURER/CFO 2.00
Officer
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,115,924 $1,130,057 $18,424,374 $-14,133
2022 $1,328,027 $475,664 $16,366,899 $852,363
2021 $1,095,454 $1,223,613 $16,891,967 $-128,159
2020 $1,260,594 $1,304,712 $16,107,586 $-44,118
2019 $1,301,069 $1,018,819 $15,141,397 $282,250
2018 $1,224,634 $944,505 $13,812,102 $280,129
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