Cbm Credit Education Foundation Inc

The Cbm Credit Education Foundation Inc is a U.S.-based nonprofit organization dedicated to promoting financial literacy, consumer services, and credit education. Established in 1999, the foundation primarily focuses on educational programs aimed at enhancing personal finance knowledge and the responsible use of credit.

Mission and Activities

The foundation co-conducts ongoing training programs targeting secondary school teachers, equipping them to educate students on personal finance and proper credit use. This approach helps integrate financial literacy into secondary education curricula, fostering responsible money management habits among young individuals.

Their charitable efforts extend to consumer services related to financial education, with grants and programs designed to improve understanding of credit and money management in the community.

Financial Overview

As a private foundation, Cbm Credit Education Foundation Inc reported assets in the millions of dollars, with a significant portion of its revenue derived from dividends and asset sales. In 2023, the organization distributed over $53,000 in grants supporting their mission-driven initiatives. Charitable disbursements account for a substantial part of their expenses, reflecting their commitment to financial education causes. Executive compensation forms part of the organization's expenses and is transparent in their fiscal reporting.

Governance

The foundation operates from Sun City Center, Florida. Details about its board members are not prominently disclosed. The organization is registered under EIN 39-1974526 and has established itself as a tax-exempt entity with a focus on educational and human service purposes related to financial literacy.

Impact and Community Engagement

Through its dedicated programs for educators and grants supporting consumer financial services, the Cbm Credit Education Foundation Inc plays a role in fostering a more financially literate population. By targeting secondary education and providing resources for proper credit use, the foundation helps build foundational skills for sound financial decision-making.

Note: This article summarizes publicly available information as of July 2024 and does not include contact details.