Chimes Foundation, Inc.
EIN: 52-1796571
Mission
Chimes Foundation will 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 Chimes Family of Services by strategically positioning these organizations among their various publics for the purpose of securing ongoing support.
Notes from the nonprofit
Chimes assists people with intellectual and behavioral challenges to achieve their fullest potential. Our vast array of services — educational, employment, vocational, residential, habilitative and behavioral health — are delivered through a network of affiliates which make up the Chimes Family of Services. This allows us to take a comprehensive, holistic approach to improving the lives of every person we serve — those who receive and those who reap the benefits of our innovative, responsive solutions.
Ruling year
1994
Principal Officer
Steve DaRe
Main address
4815 Seton Dr.
Baltimore, MD 21215 USA
EIN
52-1796571
Mental health care
Family disability resources
Self-advocacy
Developmental disability services
Independent living for people with disabilities
Population served
Children and youth
Adults
People with disabilities
Substance abusers
Veterans
NTEE code
Developmentally Disabled Services/Centers (P82)
Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment (F20)
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Communication
Affiliations
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Chimes Foundation
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 capital budgets. In addition, the efforts of the Chimes Foundation enhance the image of the Chimes Family of Services by strategically positioning these organizations for the purpose of securing ongoing philanthropic support and program growth.
Where we work
External reviews
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of individuals with behavioral health challenges served
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Number of individuals with disabilities provided with services to help live as independently as possible
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Number of individuals with disabilities provided with training and employment opportunities
This metric is no longer tracked.Totals By Year
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Since our founding in 1947, Chimes has assisted people with intellectual and behavioral challenges to achieve three main goals: choice, capability, community. These founding principles still resonate and guide us today:
To live as independently as possible, guided by choice.
To understand, respond to and achieve the potential of their capabilities.
To serve as productive, contributing members of their community.
What are the organization's key strategies for making this happen?
Behavioral Health: We offer a comprehensive range of services and supports for people with mental health, substance abuse, intellectual and developmental disabilities, and co-occurring disorders. Additionally, we provide an array of prevention and educational programs for youth, parents, and adults to encourage healthy choices and lifestyles.
Employment Services: Chimes is one of the nation’s largest employers of people with disabilities. We provide training and employment opportunities that capitalize on what people can do. And, through multiple federal and state contracts, we employ more than 1,600 people in Maryland, Delaware, Pennsylvania, North Carolina, and the District of Columbia.
Intellectual Disabilities and Autism: Our network expands from toddler-to-senior services with supports tailored to the unique abilities and needs of each person we serve. Our educational services, residential supports, day and vocational training, supported employment and competitive employment opportunities are all integrated with various communities to maximize opportunities and growth for our participants.
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2020 info
1.41
Months of cash in 2020 info
41.3
Fringe rate in 2020 info
0%
Funding sources info
Assets & liabilities info
Chimes Foundation, Inc.
Revenue & expensesFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
Chimes Foundation, Inc.
Balance sheetFiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
SOURCE: IRS Form 990
This snapshot of Chimes Foundation, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Unrestricted surplus (deficit) before depreciation | -$147,301 | $258,197 | $587,055 | $832,367 | -$286,282 |
| As % of expenses | -21.0% | 24.7% | 62.2% | 81.7% | -21.9% |
| Unrestricted surplus (deficit) after depreciation | -$147,301 | $258,197 | $587,055 | $832,367 | -$286,282 |
| As % of expenses | -21.0% | 24.7% | 62.2% | 81.7% | -21.9% |
| Revenue composition info | |||||
|---|---|---|---|---|---|
| Total revenue (unrestricted & restricted) | $856,399 | $1,205,970 | $1,224,634 | $1,301,069 | $1,260,594 |
| Total revenue, % change over prior year | -30.0% | 40.8% | 1.5% | 6.2% | -3.1% |
| Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Investment income | 33.3% | 23.3% | 17.9% | 21.4% | 20.0% |
| Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| All other grants and contributions | 43.0% | 29.4% | 54.7% | 61.8% | 28.8% |
| Other revenue | 23.8% | 47.3% | 27.4% | 16.8% | 51.2% |
| Expense composition info | |||||
|---|---|---|---|---|---|
| Total expenses before depreciation | $702,672 | $1,045,800 | $944,505 | $1,018,819 | $1,304,712 |
| Total expenses, % change over prior year | -25.6% | 48.8% | -9.7% | 7.9% | 28.1% |
| Personnel | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Professional fees | 3.9% | 7.0% | 7.0% | 3.5% | 6.2% |
| Occupancy | 0.0% | 0.0% | 0.1% | 0.3% | 0.0% |
| Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Pass-through | 16.3% | 20.3% | 25.3% | 44.5% | 67.0% |
| All other expenses | 79.8% | 72.7% | 67.7% | 51.6% | 26.7% |
| Full cost components (estimated) info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Total expenses (after depreciation) | $702,672 | $1,045,800 | $944,505 | $1,018,819 | $1,304,712 |
| One month of savings | $58,556 | $87,150 | $78,709 | $84,902 | $108,726 |
| Debt principal payment | $0 | $0 | $0 | $0 | $0 |
| Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
| Total full costs (estimated) | $761,228 | $1,132,950 | $1,023,214 | $1,103,721 | $1,413,438 |
Capital structure indicators
| Liquidity info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Months of cash | 52.5 | 24.4 | 50.4 | 51.2 | 41.3 |
| Months of cash and investments | 149.9 | 114.8 | 149.9 | 168.0 | 141.1 |
| Months of estimated liquid unrestricted net assets | 146.5 | 101.4 | 119.8 | 120.8 | 91.7 |
| Balance sheet composition info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Cash | $3,073,826 | $2,127,241 | $3,964,396 | $4,349,794 | $4,489,089 |
| Investments | $5,706,428 | $7,877,614 | $7,831,104 | $9,915,620 | $10,849,558 |
| Receivables | $2,197,585 | $1,951,589 | $1,763,660 | $726,474 | $761,032 |
| Gross land, buildings, equipment (LBE) | $7,907 | $7,907 | $7,907 | $7,907 | $7,907 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 5.0% | 8.9% | 12.4% | 14.0% | 19.8% |
| Unrestricted net assets | $8,588,743 | $8,846,940 | $9,433,995 | $10,266,362 | $9,980,080 |
| Temporarily restricted net assets | $712,808 | $720,708 | $843,075 | $0 | N/A |
| Permanently restricted net assets | $1,347,769 | $1,570,092 | $1,825,405 | $2,755,141 | N/A |
| Total restricted net assets | $2,060,577 | $2,290,800 | $2,668,480 | $2,755,141 | $2,945,471 |
| Total net assets | $10,649,320 | $11,137,740 | $12,102,475 | $13,021,503 | $12,925,551 |
Key data checks
| Key data checks info | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|
| Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Steve DaRe
Steve DaRe is the Chief Financial Officer (CFO) and Acting President and CEO for Chimes, bringing more than 30 years of specialty and managed healthcare finance and operations experience to the team. Prior to joining Chimes, Steve held the CFO role at Emergency Medical Associates (part of Alteon Health) and MEP Health (part of US Acute Care Associates.)
Earlier in his career he served as the senior vice president of finance at APS Healthcare, a behavioral health, disease management and specialty managed care company; was CFO of American Psych Systems, a behavioral health management company; and was a divisional CFO at Magellan Health Services, where he had overall financial responsibility for the public sector (State Medicaid/Tricare) division and acquisition integration activities for the Merit Behavioral and CMG Health purchases.
He holds an MBA from Loyola College and a bachelor’s degree in finance from the University of Baltimore.
Number of employees
Source: IRS Form 990
Chimes Foundation, Inc.
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Chimes Foundation, Inc.
Board of directorsas of 02/14/2023
Board of directors data
Dr. Tracey Durant
Jane Drumm
The Honorable Rochelle "Rikki" Spector
Dr. Tracey Durant
Sarah Lieb
Michael Mitchell
The Honorable Dilip Paliath
Danielle Vranian, Esq.
Kynnée Golder
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
No data
Gender identity
No data
No data
Sexual orientation
No data
Disability
No data
Contractors
Fiscal year endingGuideStar Pro Reports
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