2025-05-14T21:11:30-05:00 2024-06-30 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-07-01 521796571 THE CHIMES FOUNDATION INC CHIM 4103586400 4815 SETON DRIVE BALTIMORE MD 21215 KEVIN ZGORSKI TREASURER/CFO 4103586400 2025-05-13 1 1 KRISTEN BARNETT P01234578 8133162300 2025-04-28 2023 2025-03-06 01:10:19Z STEPHEN DARE 4815 SETON DRIVE BALTIMORE MD 21215 1455567 0 X WWW.CHIMES.ORG X 1991 DE 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. 3 3 0 3 0 0 649744 807315 0 0 345238 602252 120942 -18000 1115924 1391567 2246 0 0 0 0 0 0 0 910746 1127811 1441139 1130057 1441139 -14133 -49572 18424374 20228350 3309091 3731599 15115283 16496751 X 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. 0 0 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 CHIMES FAMILY OF SERVICES BY STRATEGICALLY POSITIONING THESE ORGANIZATIONS FOR THE PURPOSE OF SECURING ONGOING PHILANTHROPIC SUPPORT AND PROGRAM GROWTH. CHIMES FOUNDATION IS THE MAIN FUNDRAISING ARM OF CHIMES FAMILY OF SERVICES AND PROVIDES GRANTS TO ORGANIZATIONS WITHIN CHIMES, BUT ALSO IN SOME INSTANCES TO OUTSIDE ORGANIZATIONS THAT SHARE A COMMON PHILOSOPHY OF SERVICE TO PEOPLE WITH DISABILITIES AND BARRIERS TO INDEPENDENT LIVING. 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 3 3 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X STEPHEN DARE 4103586400 4815 SETON DRIVE BALTIMORE MD 21215 X STEPHEN DARE PRESIDENT/CEO 2.00 X X 0 0 0 MICHAEL MITCHELL CHAIRPERSON 2.00 X X 0 0 0 EARLE BOWMAN DIRECTOR 2.00 X 0 0 0 KEVIN ZGORSKI TREASURER/CFO 2.00 X 0 0 0 0 0 0 0 0 0 0 0 175646 631669 31135 807315 389937 389937 212315 0 212315 212315 212315 46000 175646 64000 -18000 -18000 1391567 0 0 584252 38256 13145 25111 213242 73270 139972 1 1 CENTRAL AGENCY ADMIN EX 530394 182244 348150 INTERCOMPANY REIMBURSEM 297507 102224 195283 CONTRACT MAINT SERV 190032 65295 124737 LICENSES & FEES 56303 54562 1741 115404 39653 75751 1441139 0 530393 910746 2666262 2510391 577695 742295 7500 23370 23370 354458 247548 15437 59143 7907 7907 7907 14779245 16630196 18424374 20228350 152743 7079 8000 3156348 3716520 3309091 3731599 X 11102438 13022562 4012845 3474189 15115283 16496751 18424374 20228350 -49572 1431040 0 X X 0 1 X 1 0 X 646428 140449 1081979 649744 807315 3325915 646428 140449 1081979 649744 807315 3325915 1040728 2285187 251872 250072 353469 342086 389937 1587436 75080 127251 146485 46000 394816 5308167 0.43050 0.39910 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - FUNDRAISING INCOME - 2019 AMOUNT: $ 75,080. 2021 AMOUNT: $ 127,251. 2022 AMOUNT: $ 146,485. 2023 AMOUNT: $ 46,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23369 23369 2666877 2643508 23369 2482466 184411 2666877 7907 7907 7907 FIDELITY CORBYN WEINBERG FUND 3512719 F FIDELITY DF DENT 13117477 F 16630196 DUE TO RELATED PARTIES 3716520 3716520 X 255128802 1431040 252306195 253737235 1391567 0 1391567 245680081 244292592 244292592 1387489 53650 53650 1441139 PART X, LINE 2: THE ORGANIZATIONS ENTITIES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND ARE NOT CONSIDERED PRIVATE FOUNDATIONS. NONE OF THE ORGANIZATIONS ACTIVITIES ARE SUBJECT TO THE TAX ON UNRELATED BUSINESS INCOME. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ASC TOPIC 740-10) ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. MANAGEMENT HAS EVALUATED THE ORGANIZATIONS TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDANCE. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE FASB ASC, ACCOUNTING FOR INCOME TAXES. THIS TOPIC REQUIRES THE ORGANIZATION TO RECOGNIZE OR DISCLOSE ANY TAX POSITIONS THAT WOULD RESULT IN UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS NO POSITIONS THAT WOULD REQUIRE DISCLOSURE OR RECOGNITION UNDER THE TOPIC. PART XI, LINE 2D - OTHER ADJUSTMENTS: THE CHIMES REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 52,425,717. CHIMES METRO REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 38,402,259. CHIMES DC REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 115,893,982. CHIMES VA REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 7,508,540. CHIMES INT'L LTD. REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 19,539,151. HOLCOMB ASSOCIATES REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 37,628,352. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -19,038,156. LICENSES & FEES NETTED WITH REVENUE ON FINANCIAL STATEMENT -53,650. PART XII, LINE 2D - OTHER ADJUSTMENTS: THE CHIMES EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 51,691,740. CHIMES METRO EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 38,730,647. CHIMES DC EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 107,806,930. CHIMES VA EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 7,779,076. CHIMES INT'L LTD. EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 19,539,151. HOLCOMB ASSOCIATES EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 37,783,204. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -19,038,156. PART XII, LINE 4B - OTHER ADJUSTMENTS: LICENSES & FEES NETTED WITH REVENUE ON FINANCIAL STATEMENT 53,650. ART FALL 221646 175646 46000 9000 55000 221646 175646 46000 9000 55000 64000 -18000 X 1 31135 FMV 0 0 1 0 PART I, COLUMN (B): REPORTING THE NUMBER OF CONTRIBUTIONS FORM 990, PART VI, SECTION A, LINE 4 AMENDMENT TO THE BYLAWS STATING THAT THERE SHOULD BE AT LEAST 3 BOARD MEMBERS AND NO MORE THAN 15 BOARD MEMBERS. AT LEAST ONE BOARD MEMBER MUST BE AN INDEPENDENT COMMUNITY MEMBER. THE OFFICERS AT A MINIMUM WILL BE THE CHAIR AND SECRETARY (BOTH ELECTED BY THE BOARD). THE CHIMES INTERNATIONAL CFO WILL SERVE AS THE TREASURER. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS FORM 990 PRIOR TO THE FILING DEADLINE. THE REMAINING BOARD MEMBERS ARE SUBSEQUENTLY PROVIDED A COPY. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT QUARTERLY. AT EACH MEETING OF THE BOARD A SCHEDULE OF CONFLICTS OF INTEREST, IF ANY ARE PROVIDED TO MEMBERS. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT COMPENSATION COMMITTEE OF THE CHIMES INTERNATIONAL BOARD OF DIRECTORS FOLLOWS THE PROCESS DESCRIBED IN THE IRS INTERMEDIATE SANCTIONS RULES WHEN DETERMINING THE COMPENSATION OF THE INDIVIDUALS ON PART VI, LINES 15A AND 15B. MEMBERS OF THE INDEPENDENT COMPENSATION COMMITTEE OF THE CHIMES INTERNATIONAL BOARD OF DIRECTORS SIT ON VARIOUS BOARDS OF RELATED CHIMES FAMILY OF SERVICES ENTITIES. THIS COMMITTEE SERVES AS THE INDEPENDENT COMPENSATION COMMITTEE FOR ALL BOARDS OF RELATED ORGANIZATIONS. SPECIFICALLY, THE COMMITTEE: (1) IS COMPOSED ENTIRELY OF NON-EMPLOYEE VOLUNTEER DIRECTORS WHO HAVE NO FAMILIAL, BUSINESS OR SIGNIFICANT PERSONAL RELATIONSHIPS WITH CHIMES INTERNATIONAL, ITS RELATED COMPANIES OR ITS EXECUTIVES. (2) ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO COMPILE APPROPRIATE COMPARABILITY DATA (INCLUDING COMPENSATION MARKET INFORMATION FOR PEERS WITH WHOM CHIMES FAMILY OF SERVICES COMPETES FOR EXECUTIVE TALENT) FOR COMMITTEE RELIANCE. THE COMMITTEE WILL MEET WITH REPRESENTATIVES OF THE CONSULTING FIRM OR COUNSEL TO REVIEW THIS DATA IN DETAIL. (3) REVIEWS ALL ELEMENTS OF EXECUTIVE'S TOTAL COMPENSATION, INCLUDING BUT NOT LIMITED TO BASE SALARY, BONUSES, PERQUISITES, FRINGE BENEFITS, AND INCENTIVE AND DEFERRED COMPENSATION ARRANGEMENTS. UPON THE EXECUTIVE'S HIRE, AND AT EACH POINT IN TIME THEREAFTER AT WHICH A NEW OR REVISED COMPENSATION ARRANGEMENT IS UNDER CONSIDERATION WITH RESPECT TO THE EXECUTIVE, THE COMMITTEE MEETS WITH COUNSEL AND/OR WITH ITS INDEPENDENT COMPENSATION CONSULTING FIRM BEFORE THE ARRANGEMENT IS IMPLEMENTED TO EVALUATE THE REASONABLENESS OF THE ARRANGEMENT BY COMPARING BOTH THE ARRANGEMENT ITSELF AND THE EXECUTIVE'S ENTIRE COMPENSATION PACKAGE TO COMPENSATION PACKAGES PAID BY SIMILARLY SITUATED ORGANIZATIONS FOR FUNCTIONALLY COMPARABLE POSITIONS. (4) DOCUMENTS, CONCURRENTLY WITH ITS DETERMINATION, THE BASIS FOR ITS DETERMINATION IN THE MINUTES OF ITS MEETING. THESE MINUTES ARE REVIEWED, REVISED IF NECESSARY AND APPROVED AT THE FOLLOWING MEETING OF THE COMMITTEE. (5) RETAINS RECORDS CONCERNING THE COMMITTEE'S COMPLIANCE WITH THE IRS INTERMEDIATE SANCTIONS RULES. II. ON A PERIODIC BASIS, THE COMMITTEE USES THE PROCESS DESCRIBED ABOVE TO EVALUATE THE POSITIONS OF COO/EVP OPERATIONS, CFO/EVP FINANCE AND CEO/PRESIDENT. IN ADDITION, PERIODIC COMPENSATION STUDIES ARE OBTAINED FOR PURPOSES OF ESTABLISHING BASELINE COMPENSATION INFORMATION FOR THE COMMITTEE. CURRENTLY, THE COMMITTEE IS USING COMPENSATION STUDIES OBTAINED IN THE FOLLOWING TAX YEARS FOR THEIR RESPECTIVE POSITIONS: POSITION & YEAR COO/EVP OPERATIONS - 2019 CFO/EVP FINANCE - 2019 CEO/PRESIDENT - 2019 COO'S RELATED ORGANIZATIONS - 2019 FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO ANY MEMBER OF THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. SETON SOLUTIONS INC 4815 SETON DRIVE BALTIMORE MD 21215 993036277 INTELLECTUAL PROPERTY DEVELOPMENT DE THE CHIMES FOUNDATION INC C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0