Cbis Foundation Inc
Cbis Foundation Inc faces persistent net losses, drawing down assets despite no reported officer compensation.
EIN: 203362453 · Ridgewood, NJ · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $29K |
| Program Spending | 60% |
| Net Assets | $3.0M |
| Transparency Score | 45/100 |
Is Cbis Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cbis Foundation Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Cbis Foundation Inc
Cbis Foundation Inc (EIN: 203362453) is a nonprofit organization based in Ridgewood, NJ, classified under NTEE code T20. The organization reported total revenue of $1.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cbis Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cbis Foundation Inc is a mid-size nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $55K |
| Total Expenses | $29K |
| Surplus / Deficit | +$25K |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | 46.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1234.1 months |
Financial Health Grade: A
In 2024, Cbis Foundation Inc reported a surplus of $25K with revenue exceeding expenses, holds 1234.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Cbis Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +288.2% | -46.0% | +0.9% |
| 2022 | -309.4% | -32.7% | -11.2% |
| 2021 | -58.0% | +101.6% | -10.9% |
| 2020 | +311.4% | +491.0% | +56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cbis Foundation Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Cbis Foundation Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filing periods, which is unusual for an organization with significant expenses, suggesting a volunteer-led structure or that compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cbis Foundation Inc's IRS 990 filings:
- Consistent net losses over multiple periods (e.g., 202306: Revenue $14,048, Expenses $53,965; 202206: Revenue $-75,268, Expenses $303,920).
- Declining asset base, indicating reliance on reserves to cover operational deficits (Assets decreased from $3,804,449 in 202006 to $2,994,813 in 202406).
- Negative revenue reported in one period ($-75,268 in 202206), which is highly unusual and warrants further investigation.
- Lack of detailed expense breakdown in the provided summary makes it difficult to assess program efficiency.
- No officer compensation reported despite significant expenses, which could be a red flag if not genuinely volunteer-led.
Strengths
The following positive indicators were identified for Cbis Foundation Inc:
- Consistent IRS 990 filing history (11 filings), indicating compliance with reporting requirements.
- Minimal liabilities reported across all periods ($0 or $1), suggesting a healthy balance sheet in terms of debt.
- Historically held significant assets, providing a buffer for operations, though currently declining.
Frequently Asked Questions about Cbis Foundation Inc
Is Cbis Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cbis Foundation Inc (EIN: 203362453) significant concerns. Mission Score: 45/100. 5 red flags identified, 3 strengths noted.
How does Cbis Foundation Inc spend its money?
Cbis Foundation Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cbis Foundation Inc tax-deductible?
Cbis Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203362453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cbis Foundation Inc's spending goes to programs?
Cbis Foundation Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Cbis Foundation Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Cbis Foundation Inc is near average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cbis Foundation Inc located?
Cbis Foundation Inc is headquartered in Ridgewood, New Jersey and files with the IRS under EIN 203362453. It is classified under NTEE code T20.
How many years of IRS 990 filings does Cbis Foundation Inc have?
Cbis Foundation Inc has 11 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Why does Cbis Foundation Inc consistently report net negative revenue or significant deficits?
The filings show a pattern where expenses frequently exceed revenue. For example, in 202206, revenue was $-75,268 while expenses were $303,920, and in 202306, revenue was $14,048 against expenses of $53,965. This indicates a potential reliance on asset liquidation or prior reserves to cover operational costs.
What are the primary drivers of Cbis Foundation Inc's expenses, given the NTEE code T20?
Without a detailed breakdown of expenses (e.g., program services, management and general, fundraising), it's difficult to pinpoint the exact drivers. However, as a grantmaking foundation, significant expenses would typically be grants paid out, but the consistent deficits suggest operational costs might be high relative to incoming funds.
How does Cbis Foundation Inc sustain its operations with recurring financial losses?
The organization appears to be drawing down its assets to cover expenses. Assets have decreased from $3,804,449 in 202006 to $2,994,813 in 202406, indicating that the organization is spending more than it earns and is liquidating its reserves.
Is the lack of reported officer compensation indicative of a fully volunteer-run organization?
The consistent reporting of 0% officer compensation across all filings strongly suggests a volunteer-led structure. However, for an organization with expenses reaching hundreds of thousands in some years (e.g., $451,890 in 202106), it's an important detail to verify for full transparency.
What is the long-term financial outlook for Cbis Foundation Inc given its current trends?
The long-term financial outlook appears challenging. With persistent net losses and a declining asset base, the organization's ability to sustain its mission without a significant increase in revenue or a reduction in expenses is questionable. Continued asset depletion is not a sustainable model.
Filing History
IRS 990 filing history for Cbis Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Cbis Foundation Inc's revenue has grown by 344.2%, moving from $12K to $55K. Total assets increased by 21.9% over the same period, from $2.5M to $3.0M. Total functional expenses fell by 94.6%, from $540K to $29K. In its most recent filing year (2024), Cbis Foundation Inc reported a surplus of $25K, with revenue exceeding expenses. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $55K | $29K | $3.0M | $1 | — | — |
| 2023 | $14K | $54K | $3.0M | $1 | — | — |
| 2022 | $-75,268 | $304K | $3.0M | $1 | — | View 990 |
| 2021 | $36K | $452K | $3.4M | $1 | — | View 990 |
| 2020 | $86K | $224K | $3.8M | $1 | — | View 990 |
| 2016 | $21K | $38K | $2.4M | $1 | — | View 990 |
| 2015 | $303K | $18K | $2.5M | $0 | — | View 990 |
| 2014 | $112K | $217K | $2.2M | $0 | — | View 990 |
| 2013 | $45K | $234K | $2.3M | $0 | — | View 990 |
| 2012 | $667K | $663K | $2.5M | $0 | — | View 990 |
| 2011 | $12K | $540K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $55K, expenses of $29K, and assets of $3.0M (revenue +288.2% year-over-year).
- 2023: Revenue of $14K, expenses of $54K, and assets of $3.0M.
- 2022: Revenue of $-75,268, expenses of $304K, and assets of $3.0M (revenue -309.4% year-over-year).
- 2021: Revenue of $36K, expenses of $452K, and assets of $3.4M (revenue -58.0% year-over-year).
- 2020: Revenue of $86K, expenses of $224K, and assets of $3.8M (revenue +311.4% year-over-year).
- 2016: Revenue of $21K, expenses of $38K, and assets of $2.4M (revenue -93.1% year-over-year).
- 2015: Revenue of $303K, expenses of $18K, and assets of $2.5M (revenue +170.8% year-over-year).
- 2014: Revenue of $112K, expenses of $217K, and assets of $2.2M (revenue +149.6% year-over-year).
- 2013: Revenue of $45K, expenses of $234K, and assets of $2.3M (revenue -93.3% year-over-year).
- 2012: Revenue of $667K, expenses of $663K, and assets of $2.5M (revenue +5332.0% year-over-year).
- 2011: Revenue of $12K, expenses of $540K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cbis Foundation Inc:
Data Sources and Methodology
This transparency report for Cbis Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.