PLATINUM2024

Chimes Foundation, Inc.

GOING FURTHER TO HELP OTHERS GO FAR

Baltimore, MD   |  www.chimes.org
GuideStar Charity Check

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 info

1994

Principal Officer

Steve DaRe

Main address

4815 Seton Dr.

Baltimore, MD 21215 USA

Show more contact info

EIN

52-1796571

Subject area info

Mental health care

Family disability resources

Self-advocacy

Developmental disability services

Independent living for people with disabilities

Population served info

Children and youth

Adults

People with disabilities

Substance abusers

Veterans

NTEE code info

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

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

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.

Population(s) Served
People with disabilities
Substance abusers
Veterans

Where we work

Our results

SOURCE: Self-reported by organization

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

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

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.

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.

Financials

Chimes Foundation, Inc.
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.22

Average of 10.19 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

79.6

Average of 46.9 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 8% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Chimes Foundation, Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Chimes Foundation, Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

Chimes Foundation, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $587,055 $832,367 -$286,282 $4,155,801 -$694,653
As % of expenses 62.2% 81.7% -21.9% 339.6% -146.0%
Unrestricted surplus (deficit) after depreciation $587,055 $832,367 -$286,282 $4,155,801 -$694,653
As % of expenses 62.2% 81.7% -21.9% 339.6% -146.0%
Revenue composition info
Total revenue (unrestricted & restricted) $1,224,634 $1,301,069 $1,260,594 $1,095,454 $1,328,027
Total revenue, % change over prior year 1.5% 6.2% -3.1% -13.1% 21.2%
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 17.9% 21.4% 20.0% 22.8% 26.6%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 54.7% 61.8% 28.8% 12.8% 89.6%
Other revenue 27.4% 16.8% 51.2% 64.4% -16.2%
Expense composition info
Total expenses before depreciation $944,505 $1,018,819 $1,304,712 $1,223,613 $475,664
Total expenses, % change over prior year -9.7% 7.9% 28.1% -6.2% -61.1%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 7.0% 3.5% 6.2% 2.9% 19.3%
Occupancy 0.1% 0.3% 0.0% 0.0% 0.0%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 25.3% 44.5% 67.0% 84.0% 1.2%
All other expenses 67.7% 51.6% 26.7% 13.1% 79.5%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $944,505 $1,018,819 $1,304,712 $1,223,613 $475,664
One month of savings $78,709 $84,902 $108,726 $101,968 $39,639
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,023,214 $1,103,721 $1,413,438 $1,325,581 $515,303

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 50.4 51.2 41.3 49.4 79.6
Months of cash and investments 149.9 168.0 141.1 158.7 400.0
Months of estimated liquid unrestricted net assets 119.8 120.8 91.7 138.6 338.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $3,964,396 $4,349,794 $4,489,089 $5,036,289 $3,156,495
Investments $7,831,104 $9,915,620 $10,849,558 $11,145,636 $12,700,173
Receivables $1,763,660 $726,474 $761,032 $683,065 $495,504
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) 12.4% 14.0% 19.8% 14.2% 15.9%
Unrestricted net assets $9,433,995 $10,266,362 $9,980,080 $14,135,881 $13,441,228
Temporarily restricted net assets $843,075 $0 N/A N/A N/A
Permanently restricted net assets $1,825,405 $2,755,141 N/A N/A N/A
Total restricted net assets $2,668,480 $2,755,141 $2,945,471 $354,599 $326,294
Total net assets $12,102,475 $13,021,503 $12,925,551 $14,490,480 $13,767,522

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

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 employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Chimes Foundation, Inc.

Board of directors
as of 02/13/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

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

SOURCE: Self-reported; last updated 6/15/2022

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
Decline to state
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.