Community Education Building Corp

Nonprofit profile at a glance

EIN
454797267
IRS 990-PF coverage
2013–2024
Forms available
Form 990-PF 2024
Location
Wilmington, DE, USA
Phone
3026604800
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
Private Operating Foundations

Reported finances

Revenue
$24,987,867
Expenses
$17,734,836

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Private Operating Foundations

What it reported funding in 2024

The foundation reported 1 grant totaling $6,924,000. The stated grant purpose was grant to ceb support corporation in the amount of $6,924,000, the proceeds of which have been "earmarked" (within the meaning of treasury regulations 53.4945-5(a)(6), "earmarked") (a) by ceb support corporation for the extension of the leverage loan to the investment fund; (b) by the investment fund for the making of "qualified equity investments" (as defined in section 45d(b) of the code) into the nmtc lenders (each of which constitutes a "qualified community development entity" as defined in section 45d(c) of the code); and (c) by the nmtc lenders for the extension of the nmtc loans (each of which constitutes a "qualified lowincome community investment" as defined in section 45d(d) of the code) to ceb for application towards the ydc project consistent with the ceb charitable purposes. as described in the attached summary, the principal amounts of two of the nmtc loans sum by design to $6,924,000 in a manner traceable back to the leverage loan and, in turn, the initial grant;.

Operating model

Revenue model
Donor-supported. 78% of the foundation's positive operating resources came from contributions.
Distribution model
Hybrid. The foundation combined direct charitable work with grants to other organizations or people.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 39
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 30

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 97th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 39%; rating input score 39; 12th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 15.73; rating input score 30; 30th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 30th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Cost Efficiency: Grant expense ratio scored 39/100.
  • Moderate — Endowment Health: Endowment-health comparison scored 30/100.