BBB Wise Giving Report for
Chimes International Limited

BBB Wise Giving Report issued May 2008
BBB Wise Giving Report expires May 2010


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Chimes International Limited
Address: 4815 Seton Drive
  Baltimore, MD 21215
Phone: 410-358-6400
Web Address: www.chimes.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1996, Delaware
Affiliates: Consolidated entities (CEs) - Chimes, Inc.; Chimes District of Columbia; Chimes, Virginia, Inc.; Chimes Foundation, Incorporated; Intervals Residential Services, Inc.; Holcomb Associates, Inc.; Open Door, Inc.; Family Services Associates, Inc.; Developmental Services of New Jersey; Chimes Metro (doing business as Chimes Delaware); Chimes Israel

Stated Purpose: "to be acknowledged as an international leader and model of excellence in providing educational, vocational, employment, habilitative, residential, leisure and other support services for people with disablities."

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Evaluation Conclusions

               

Chimes International Limited (Chimes) meets the 20Standards for Charity Accountability.
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Programs

               

Chimes programs are currently based in the District of Columbia and six states in the Mid-Atlantic region. Chimes and its affiliates sponsor training to prepare people with disabilities for job opportunities. Its network of group homes provide housing with varying levels of supervision, attuned to the severity and nature of the disabilities and contrasting needs of each individual. Chimes and its affiliates also offer courses for referred participants in such subjects as nutritional planning, hygiene, socialization, conflict resolution, and mobility and basic living skills. Additional services include counseling and treatment from professionals on the Chimes staff in the mental health and substance abuse fields.

For the fiscal year ended June 30, 2007, Chimes's program expenses were:

  
Vocational 69,045,426
Residential 35,139,652
Other programs 17,249,391
Medical day 2,641,765
Educational 2,182,889
Total Program Expenses: $126,259,123
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Governance

               

Chief Executive : Terry Allen Perl, President and CEO
Compensation*:
 $1,514,746

Chair of the Board: Stephen Kramer, Esquire
Chair's Profession / Business Affiliation: Attorney, retired from Wachovia Bank

Board Size: 9

Paid Staff Size: 2188

*According to Chimes, July 1, 2005 - June 30, 2006 compensation includes annual salary and two 457 plans that were paid out based on contract requirements. The compensation for these plans was earned and reported in prior years
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Fund Raising

               

Method(s) Used:

Direct mail, special events, print advertisements, grant proposals, and Internet appeals
Fund raising costs were 20% of related contributions. (Related contributions, which totaled $1,753,943, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Chimes's audited financial statements - consolidated for the fiscal year ended June 30, 2007.

Source of Funds  
Vocational 78,805,003
Residential 40,020,463
Other programs 20,874,133
Educational 2,585,749
Medical day 2,538,232
Donations and grants 1,214,108
Fundraising income 539,835
Miscellaneous 463,361
Investment income 414,036
Management fees 261,086
Gain on sale of assets 8,630
Total Income $147,724,636


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: Less than 1%  Administrative: 13% 

Total income   $147,724,636
  Program expenses $126,259,123
  Fund raising expenses 351,287
  Administrative expenses 19,367,803
 
Total expenses   $145,978,213
Income in Excess of Expenses   1,746,423
Beginning net assets   15,661,620
Ending net assets   17,408,043
Total liabilities   36,160,427
Total assets   $53,568,470

Note 1: Within the above financial summary, the $351,287 shown for "Fund raising expenses" comprises less than 1% of total expenses.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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