Nonprofit · EIN 39-1974526
CBM CREDIT EDUCATION FOUNDATION INC
Tax-exempt · SUN CITY CTR, FL 33573
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $327,941 | $323,494 | $4,447 | $4,363,349 | $0 | $4,363,349 |
| December 31, 2024 | 990-PF | $173,406 | $216,526 | -$43,120 | $4,342,614 | $0 | $4,342,614 |
| December 31, 2023 | 990-PF | $319,837 | $218,152 | $101,685 | $4,385,661 | $0 | $4,385,661 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $190,108
- Interest
- $438
- Net gain from sales of assets
- $137,395
Expenses
- Grants and similar amounts paid
- $170,197
- Compensation of officers, directors and key employees
- $135,000
- Disbursements for charitable purposes
- $298,671
- Excise tax on investment income
- $4,231
Balance sheet and other
- Total assets, start of year
- $4,342,614
- Total assets, end of year
- $4,363,349
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,363,349
- Fair market value of assets
- $5,871,309
- Qualifying distributions
- $298,671
- Net investment income
- $327,941
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM WILCOX 512 RIMINI VISTA WAY, SUN CITY CENTER, FL 33573 | EXEC. DIRECTOR, VICE PRES., SEC., & TR | 40 | $75,000 |
| MARK TIMMERMAN 1744 WEST LAS OLAS BLVD, FORT LAUDERDALE, FL 33312 | DIRECTOR | 5 | $30,000 |
| GARY SWITZKY 3947 SUNNYVALE DR, DE FOREST, WI 53532 | DIRECTOR | 1 | $15,000 |
| PATRICK PORTO 2404 NE DESTINATION CIRCLE, GRIMES, IA 50111 | DIRECTOR | 1 | $15,000 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM WILCOX 512 RIMINI VISTA WAY, SUN CITY CENTER, FL 33573 | EXEC. DIRECTOR, VICE PRES., SEC., & TR | 40 | $64,000 |
| DOUGLAS TIMMERMAN 5231 NE 18TH AVENUE, FORT LAUDERDALE, FL 33308 | PRESIDENT (THRU SEPT '24) | 2 | $44,000 |
| GARY SWITZKY 3947 SUNNYVALE DR, DE FOREST, WI 53532 | DIRECTOR | 1 | $14,000 |
| MARK TIMMERMAN 812 SW 9TH TERRACE, FORT LAUDERDALE, FL 33315 | DIRECTOR | 5 | $14,000 |
| PATRICK PORTO 2404 NE DESTINATION CIRCLE, GRIMES, IA 50111 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM WILCOX 512 RIMINI VISTA WAY, SUN CITY CENTER, FL 33573 | EXECUTIVE DIRECTOR, SEC, TREASURER, | 40 | $64,000 |
| DOUGLAS TIMMERMAN 5231 NE 18TH AVENUE, FORT LAUDERDALE, FL 33308 | PRESIDENT, DIRECTOR | 10 | $44,000 |
| GARY SWITZKY 3947 SUNNYVALE DR, DE FOREST, WI 53532 | VICE PRESIDENT, DIRECTOR | 1 | $12,000 |
| MARK TIMMERMAN 812 SW 9TH TERRACE, FORT LAUDERDALE, FL 33315 | DIRECTOR | 1 | $12,000 |
Address and contacts
- Address (IRS master file)
- 512 RIMINI VISTA WAY, SUN CITY CTR, FL 33573-4435
- In care of
- % WILLIAM WILCOX
- Signed the 990-PF
- WILLIAM WILCOX, EXECUTIVE DIRECTOR
- Phone
- (608) 215-9085
- Website
- WWW.CBMFOUNDATION.ORG
- Return prepared by
- WIPFLI ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 39-1974526
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2000
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $4,363,349
- Income (IRS master file)
- $409,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $327,941 | $323,494 | $4,363,349 | XML |
| 990-PF | December 2024 | $173,406 | $216,526 | $4,342,614 | IRS |
| 990-PF | December 2023 | $319,837 | $218,152 | $4,385,661 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1974526).
Questions about CBM CREDIT EDUCATION FOUNDATION INC
- What is the EIN of CBM CREDIT EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of CBM CREDIT EDUCATION FOUNDATION INC is 39-1974526.
- Is CBM CREDIT EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CBM CREDIT EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CBM CREDIT EDUCATION FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CBM CREDIT EDUCATION FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CBM CREDIT EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of CBM CREDIT EDUCATION FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 4 received compensation from the organization, the highest $75,000 (WILLIAM WILCOX, EXEC. DIRECTOR, VICE PRES., SEC., & TR).
- How much revenue does CBM CREDIT EDUCATION FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $327,941, expenses of $323,494 and total assets of $4,363,349 at year end.
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