Overview
What is West Side Forward Nfp?
West Side Forward Nfp is a nonprofit organization situated in Chicago, Illinois, specifically at 4100 W Ferdinand. Their primary mission is to stimulate economic growth in Chicago's Westside community. To achieve this goal, they operate the City of Chicago Neighborhood Development Center and provide business development services, counseling, entrepreneurship training, and education through their initiative, West Forward. With a dedicated workforce of six individuals, their programs aim to foster local business growth and revitalization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
West Side Forward Nfp has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on the organization's performance in the Accountability & Finance category, where it scored 75%. This score reflects the organization's commitment to transparency and responsible financial management.
One of the notable strengths of West Side Forward Nfp is its governance structure, with 100% of board members being independent. This independence is crucial for ensuring objective oversight of the organization's operations. Additionally, the charity has a strong program expense ratio of 73.39%, indicating a significant portion of its funds are directed towards its mission-related activities.
While the organization performs well in several areas, the overall score suggests room for improvement outside of the financial metrics assessed. However, the absence of any material diversion of assets and the presence of essential policies like whistleblower and document retention policies highlight its commitment to ethical practices and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is West Side Forward Nfp legitimate?
West Side Forward Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Side Forward Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $135,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,264
For more financial information, click here
What is the mission statement of West Side Forward Nfp?
West Side Forward Nfp is dedicated to fostering economic revitalization within Chicago's Westside community. This mission is accomplished through various initiatives, including a business development program. The program encompasses services such as counseling, entrepreneurship training, and education, delivered by the City of Chicago Neighborhood Development Center and West Forward Developed. The ultimate goal is to stimulate economic growth and development within the Westside community.
Who is the CEO of West Side Forward Nfp?
Edward Coleman is the Chief Executive Officer of West Side Forward Nfp. The CEO's salary of West Side Forward Nfp is $135,984 and their total compensation is $135,984.
What is the revenue of West Side Forward Nfp?
West Side Forward Nfp's revenue in 2022 was $956,576.
Who are the executives of West Side Forward Nfp and what are their salaries?
The average compensation at West Side Forward Nfp during 2022 was $59,541. There are 6 employees at West Side Forward Nfp.
Here are 7 key members and their salaries (West Side Forward Nfp's CEO's salary is $135,984 and their total compensation is $135,984):
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- Other: $0
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- Compensation: $0
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- Other: $0
- Compensation: $135,984
- Related: $0
- Other: $0
Where can I find the form 990 for West Side Forward Nfp?
West Side Forward Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of West Side Forward Nfp
West Side Forward NFP is an organization dedicated to fostering economic revitalization in Chicago's Westside community. Their mission is twofold: firstly, they are committed to driving economic growth and development within this community. Secondly, they achieve this by offering a range of services, including business development programs. This encompasses the City of Chicago Neighborhood Development Center and West Forward's own business development services, counseling, entrepreneurship training, and education. The organization's goal is to empower local businesses and entrepreneurs, thereby contributing to the overall economic vitality of the Westside community.
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Impact
October, 2024
West Side Forward Nfp is dedicated to sparking economic revitalization in Chicago's West Side community. Through various business development programs, including the City of Chicago Neighborhood Development Center and West Forward, the organization offers direct business development services, counseling, and entrepreneurship training and education. These initiatives empower local entrepreneurs and support business growth, ultimately contributing to job creation and enhancing the economic landscape of the area. By focusing on employment and skill development, West Side Forward fosters a vibrant and sustainable community, helping residents to thrive economically and socially.
This information is meant to be a general summary of West Side Forward Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $481,062
- Gross Receipts: $956,576
Assets and Liabilities:
- Total Assets: $337,661
- Total Liabilities: $178,369
- Net Assets: $159,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM
Revenue
$481,062
Organization Details
Founding Year
2019
Phone
(773) 680-7385Principal Officer
Edward Coleman
Main Address
4100 W FERDINAND, CHICAGO, IL, 60624
NTEE Category
Code: J20 - Employment
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