CBM Credit Education Foundation Inc
CBM Credit Education Foundation Inc is a private foundation focused on Human Services, based in Sun City Center, FL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.4M in total assets. In 2025, it awarded 2 grants totaling $170K. Net investment income was $304K.
CBM Credit Education Foundation Inc at a glance
In short: CBM Credit Education Foundation Inc gave $170K across 2 grants in 2025 (avg $85K), mostly in Wisconsin. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $170,197
- +178.7% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $85,099
- +178.7% vs 2024
- Median grant
- $85,099
- Total assets
- $4,363,349
- +0.5% vs 2024
- Primary geography
- Wisconsin (90% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who CBM Credit Education Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Edgewood College Inc ($153K). Together the top 2 received $170K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 12 grants of 13 (92%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
Cities
How CBM Credit Education Foundation Inc gives
- Giving grew 201% from 2022 to 2025. Method
- In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $45K (2020) to $170K (2025). In 2025 it made 2 grants totaling $170K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Edgewood College Inc Madison, WI | Program Support | $152,697 |
| National Consumers League Inc Washington, DC | Wisconsin Life Smarts Programs | $17,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,363,349 | $327,941 | $323,494 | $170,197 | 2 | $298,671 | $304,379 | $275,653 |
| 2024 | $4,342,614 | $173,406 | $216,526 | $61,078 | 2 | $177,374 | $170,750 | $251,242 |
| 2023 | $4,385,661 | $319,837 | $218,152 | $53,049 | 3 | $166,350 | $278,941 | $225,106 |
| 2022 | $4,282,926 | $770,594 | $196,004 | $56,632 | 3 | $158,047 | $734,679 | $222,937 |
| 2021 | $3,708,336 | $108,559 | $182,619 | $45,946 | 3 | $148,392 | $155,532 | $207,151 |
| 2020 | $3,782,396 | $191,667 | $186,206 | $45,234 | 3 | — | $180,973 | $177,317 |
| 2019 | $3,776,935 | $218,221 | $196,962 | $55,503 | 5 | — | $202,192 | $199,675 |
Under IRS private-foundation payout rules, CBM Credit Education Foundation Inc reported a distributable amount of $276K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
CBM Credit Education Foundation Inc is led by William Wilcox, Executive Director, Vice President & Secretary since 2024 (on filings since 2019); all 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
William Wilcox
Executive Director, Vice President & Secretary
President, Secretary & Treasurer → Executive Director, Secretary & Treasurer, 2021
Executive Director, Secretary & Treasurer → Executive Director, Vice President & Secretary, 2024
On filings since 2019
40 hrs/week
$60K (2019) → $75K (2025)
Gary Switzky
Director
Vice President & Director → Director, 2024
On filings since 2019
1 hr/week
$9K (2019) → $15K (2025)
Mark Timmerman
Director
On filings since 2019
5 hrs/week
$9K (2019) → $30K (2025)
Patrick Porto
Director
On filings since 2024
1 hr/week
$15K (2025)
Former officers (1)
- Former: Douglas Timmerman (2019–2024) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $75K, to William Wilcox (Exec. Director, Vice Pres., Sec., & Tr). 4 officers or directors reported compensation on that filing.
Frequently asked questions about CBM Credit Education Foundation Inc
How much does CBM Credit Education Foundation Inc give each year?
CBM Credit Education Foundation Inc gave $170K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $61K across 2 grants.
How large is CBM Credit Education Foundation Inc?
CBM Credit Education Foundation Inc reported $4.4M in total assets on its 2025 IRS Form 990-PF. It paid out $299K in qualifying distributions that year, against a required minimum of $276K (roughly 5% of its investment assets).
What is CBM Credit Education Foundation Inc?
CBM Credit Education Foundation Inc is a private foundation focused on Human Services, based in Sun City Center, FL. It holds $4.4M in total assets as of 2025.
Where does CBM Credit Education Foundation Inc operate?
CBM Credit Education Foundation Inc has awarded grants in District of Columbia, Wisconsin.
What is CBM Credit Education Foundation Inc's EIN?
CBM Credit Education Foundation Inc's EIN (Employer Identification Number) is 39-1974526. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 22, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 20, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 4, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 7, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work CBM Credit Education Foundation Inc funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in CBM Credit Education Foundation Inc's focus areas in our free grants database
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