Cbf Foundationinc
- Assets
- $794.0k
- Revenue
- $870.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Isle Of Palms, SC
- Founding
- Data as of
- 12/2021
- EIN
- 86-2477565
Organization Overview
Cbf Foundationinc is located in Isle Of Palms, SC.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PURSUE EDUCATING PEOPLE USING THEIR POTENTIAL BY CONNECTING THEM TO ACADEMIC, ARTISTIC, CULTURAL, ENVIRONMENTAL, SOCIAL, ATHLETIC AND SPIRITUAL RESOURCES SO THEY CAN TRANSFORM THE WORLD INTO A MORE PEACEFUL, GIVING, AND LOVING ENVIRONMENT, THE FOUNDATION IS LEASING THE BATH GARDENS PROPERTY LOCATED IN BLYTHE, GA TO THE BATH GARDENS FOUNDATION, INC, A PUBLIC CHARITY. THE LEASE IS "RENT FREE" FOR THE TERM MAY 1, 2021 THROUGH APRIL 30, 2026.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Izlar Director/cfo | 1 | $0 | |
Catherine Fleming Director/ceo | 15 | $0 | |
Ellis Izlar Director/sec | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $884,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$13,325 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $870,675 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,038 |
| Depreciation | $2,404 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,717 |
| Total operating and administrative expenses | $25,052 |
| Contributions, gifts, grants paid | $51,658 |
| Total expenses and disbursements | $76,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $777 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $793,188 |
| Other assets | $0 |
| Total assets | $793,965 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
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