2021-04-15T09:58:04-05:00 2020-06-30 420714325 RSM US LLP 1861 INTERNATIONAL DRIVE SUITE 400 MCLEAN VA 22102 990 2019-07-01 521796571 THE CHIMES FOUNDATION INC CHIM 4103586400 4815 SETON DRIVE BALTIMORE MD 21215 TERENCE G BLACKWELL JR PRESIDENT/CEO 4103586400 2021-04-13 1 KRISTEN BARNETT P01234578 7033366400 2021-04-13 2019 2022-09-23 18:48:47Z TERENCE G BLACKWELL JR 4815 SETON DRIVE BALTIMORE MD 21215 1619032 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. 8 8 0 8 0 0 1122854 646428 0 0 496760 897524 -318545 -283358 1301069 1260594 453787 874558 0 0 0 0 0 0 0 565032 430154 1018819 1304712 282250 -44118 15141397 16107586 2119894 3182035 13021503 12925551 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 874558 874558 CHIMES FOUNDATION RAISES MONEY IN SUPPORT OF THE CHIMES FAMILY OF SERVICES. IN ADDITION IT MAKES GRANTS TO ORGANIZATIONS WHO SHARE A COMMON PHILOSOPHY OF SERVICE TO PEOPLE WITH DISABILITIES. 874558 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MD X STEPHEN DARE 4103586400 4815 SETON DRIVE BALTIMORE MD 21215 X TRACEY L DURANT EDH CHAIRPERSON 2.00 X X 0 0 0 DIANNE L SALAMA VICE CHAIRPERSON 1.00 X X 0 0 0 GAIL ROSSMARK SECRETARY 1.00 X X 0 0 0 JANE COHEN DIRECTOR 1.00 X 0 0 0 JANE D DRUMM DIRECTOR 1.00 X 0 0 0 THE HONORABLE ROCHELLE SPECTOR DIRECTOR 1.00 X 0 0 0 TERENCE G BLACKWELL JR PRESIDENT/CEO 2.00 X X 0 0 0 STEPHEN DARE CFO 2.00 X X 0 0 0 THOMAS PALERMO CPO (UNTIL 1/17/2020) 1.00 X X 0 0 0 0 0 0 0 0 0 0 HALO BRANDED SOLUTIONS INC 3182 MOMENTUM PLACE CHICAGO IL 60689 MARKETING SERVICES 104046 1 399409 247019 646428 251872 251872 645652 0 645652 645652 645652 75080 399409 358438 -283358 -283358 1260594 0 0 614166 874558 874558 81403 81403 3349 3349 6804 6804 105 105 CENTRAL AGENCY ADMIN EX 107340 107340 DUES 46797 46797 LICENSES & FEES 44163 44163 TUITION REIMBURSMENT 14365 14365 125828 125828 1304712 874558 430154 0 3642298 4211692 707496 277397 86409 76727 640065 684305 9961 0 7907 7907 7907 9915620 10849558 131641 0 15141397 16107586 31082 2451 2088812 3179584 2119894 3182035 X 10266362 9980080 2755141 2945471 13021503 12925551 15141397 16107586 -44118 -51834 0 X X 0 1 X 1 0 X 622065 691690 951077 1122854 646428 4034114 622065 691690 951077 1122854 646428 4034114 716999 3317115 284769 281081 219152 278137 251872 1315011 40689 59984 58910 65323 75080 299986 5649111 0.58720 0.60810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2016 AMOUNT: $ 5,664. 2017 AMOUNT: $ 12,849. 2018 AMOUNT: $ 459. FUNDRAISING INCOME - 2015 AMOUNT: $ 40,689. 2016 AMOUNT: $ 54,320. 2017 AMOUNT: $ 46,061. 2018 AMOUNT: $ 64,864. 2019 AMOUNT: $ 75,080. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2482466 184411 2666877 1825404 657062 2482466 1570092 255312 1825404 1347769 222323 1570092 1367539 -19770 1347769 1.00000 0 0 7907 7907 7907 FIDELITY CORBYN WEINBERG FUND 2206387 F FIDELITY DF DENT 8643171 F 10849558 DUE TO RELATED PARTIES 3179584 3179584 X 203309196 -51834 202100436 202048602 1260594 0 1260594 197590517 196285805 196285805 1304712 0 1304712 PART V, LINE 4: WEINBERG FUTURE FUND WAS CREATED FOR NEW AND INNOVATIVE PROGRAMS FOR PEOPLE SERVED AND DEVELOPMENT OF STAFF TO MEET THEIR NEEDS. THE CHIMES FOUNDATION RECEIVED $20,000 TO ESTABLISH AN AWARD IN THE NAMES OF INA AND NORMA LAMPNER. THE CORPUS OF THESE FUNDS IS TO BE INVESTED IN PERPETUITY. EARNINGS ON THE CORPUS ARE RESTRICTED IN ACCORDANCE WITH THE GIFT AGREEMENT. PART X, LINE 2: THE ORGANIZATION'S ENTITIES ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE NOT CONSIDERED PRIVATE FOUNDATIONS. NONE OF THE ORGANIZATION'S ACTIVITIES, WITH THE EXCEPTION OF INTERNATIONAL, ARE SUBJECT TO THE TAX ON UNRELATED BUSINESS INCOME. THE ORGANIZATION FOLLOWS THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (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. NONE OF THE ORGANIZATION'S ACTIVITIES ARE SUBJECT TO THE TAX ON UNRELATED BUSINESS INCOME. GENERALLY, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2017. PART XI, LINE 2D - OTHER ADJUSTMENTS: THE CHIMES REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 46,082,494. CHIMES METRO REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 27,367,432. CHIMES DC REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 92,119,543. CHIMES VA REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 5,515,094. CHIMES INT'L LTD. REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 13,003,432. HOLCOMB ASSOCIATES REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 32,088,555. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -14,076,114. PART XII, LINE 2D - OTHER ADJUSTMENTS: THE CHIMES EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 46,290,598. CHIMES METRO EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 25,971,884. CHIMES DC EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 86,076,388. CHIMES VA EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 5,982,949. CHIMES INT'L LTD. EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 11,824,501. HOLCOMB ASSOCIATES EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 33,036,668. INTEREST RATE SWAP 1,178,931. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -14,076,114. GALA 2019 469539 395459 74080 357061 GOLF OUTING 2020 3950 3950 1377 1 1000 1000 474489 399409 75080 358438 358438 -283358 1 HOLCOMB ASSOCIATES INC 467 CREAMERY WAY EXTON PA 19341 232093566 501(C)(3) 270140 WINDOWS UPGRADE, COVID RELATED STAFFING COSTS CHIMES INTERNATIONAL LIMITED 4815 SETON DR BALTIMORE MD 21215 522000359 501(C)(3) 242630 WINDOWS UPGRADE, COVID RELATED STAFFING COSTS CHIMES DISTRICT OF COLUMBIA INC 4815 SETON DR BALTIMORE MD 21215 541691953 501(C)(3) 156309 COVID RELATED STAFFING COSTS THE CHIMES INC 4815 SETON DR BALTIMORE MD 21215 520575305 501(C)(3) 97982 TUITION REIMBURSEMENT - C OJONG CHIMES METRO INC 4815 SETON DR BALTIMORE MD 21215 521773885 501(C)(3) 79757 WINDOWS UPGRADE, VIRTUAL FRAMEWORK, COVID RELATED STAFFING COSTS CHIMES VIRGINIA INC 4815 SETON DR BALTIMORE MD 21215 541691952 501(C)(3) 17803 WINDOWS UPGRADE, COVID RELATED STAFFING COSTS 6 0 PART I, LINE 2: CHIMES FOUNDATION REQUIRES THAT GRANT APPLICANTS FILE A FORMAL GRANT REQUEST APPLICATION. APPLICANTS ARE CHOSEN BASED ON THEIR PURPOSE AND ANTICIPATED RESULTS OF GRANT FUNDS AND THEIR FINANCIAL SITUATION AMONGST OTHER CRITERIA. 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 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.