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Nonprofiteer
← CFM FOUNDATION

Form 990 for tax year 2023

Filed by CFM FOUNDATION.

Totals

Total revenue
$4,206,013
Total expenses
$3,677,567
Contributions and grants received
$0
Grants paid
$2,982,805
Program service revenue
$0
Investment income
$4,206,013
Other revenue
$0
Total assets, end of year
$108,558,700
Total liabilities, end of year
$608,449
Net assets or fund balances, end of year
$107,950,251
Program services expenses (Part IX)
$3,003,375
Management and general expenses
$674,192
Fundraising expenses
$0
Program service expenses (Part III)
$3,003,375

Program services were 81.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $1,914,262 · excluded $1,914,262

  • 7a · Gross sales of assets other than inventory

    securities $34,222,302 · other assets $45,242

  • 7b · Less cost or other basis and sales expenses

    securities $31,975,793

  • 7c · Gain or loss

    securities $2,246,509 · other assets $45,242

  • 7d · Net gain or loss

    total $2,291,751 · excluded $2,291,751

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,982,805 · program services $2,982,805

  • 7 · Other salaries and wages

    total $46,154 · management and general $46,154

  • 10 · Payroll taxes

    total $3,531 · management and general $3,531

  • 11b · Fees: legal

    total $16,072 · management and general $16,072

  • 11c · Fees: accounting

    total $10,900 · management and general $10,900

  • 11f · Fees: investment management

    total $542,652 · management and general $542,652

  • 11g · Fees: other

    total $13,740 · program services $13,740

  • 13 · Office expenses

    total $375 · management and general $375

  • 16 · Occupancy

    total $2,700 · management and general $2,700

  • 23 · Insurance

    total $1,436 · management and general $1,436

  • 24a · Other expenses: FOREIGN TAX WITHHELD

    total $49,946 · management and general $49,946

  • 24b · Other expenses: EDUCATION

    total $6,830 · program services $6,830

  • 24c · Other expenses: TELEPHONE

    total $426 · management and general $426

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,043,545 · end of year $1,936,169

  • 9 · Prepaid expenses and deferred charges

    beginning of year $942 · end of year $642

  • 11 · Investments: publicly traded securities

    beginning of year $100,026,868 · end of year $106,491,616

  • 15 · Other assets

    beginning of year $109,479 · end of year $130,273

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,393 · end of year $8,449

  • 18 · Grants payable

    beginning of year $654,481 · end of year $600,000

  • 27 · Net assets without donor restrictions

    beginning of year $101,524,960 · end of year $107,950,251

Mission and programs · 2023

Mission

PROVIDE GRANTS TO PUBLIC CHARITIES

  • GRANTS PROVIDED TO PUBLIC CHARITIES

    Expenses $3,003,375 · Grants $2,982,805

  • GRANTS PROVIDED TO PUBLIC CHARITIES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert B Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Michael R Hulsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • John G Stevenson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Delmer R Mitchell

    DIRECTOR - P

    Total calculated
    $0
    Hours/week
    0.5

  • Harold B Oakley

    DIRECTOR - S

    Total calculated
    $0
    Hours/week
    0.5

  • Jack R Sharkey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Bryan K Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2024
IRS schema version
2023v5.0
Source object
202441279349300314

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.