Overview
What is Chicago Friends Of The Elderly Foundation?
The Chicago Friends of the Elderly Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 355 N Ashland, 60607. Its primary role is to reinforce and sponsor the initiatives undertaken by Little Brothers - Friends of the Elderly (Chicago). Although the description is limited, it suggests that this foundation plays a crucial part in supporting the activities of this elder care organization in the Chicago area.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
The Chicago Friends Of The Elderly Foundation has received an 82% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score is based solely on the organization's financial practices, indicating a solid commitment to transparency and responsible management of funds. The charity has consistently demonstrated high standards in its governance, with an entirely independent board and comprehensive financial audits.
Strengths highlighted in the rating include a perfect score for the program expense ratio, confirming that all funds are directed towards its programs. The foundation also maintains a remarkable liabilities to assets ratio of 0.00%, showcasing its financial stability and capacity to effectively utilize resources for its mission. Furthermore, the organization actively documents board meeting minutes, affirming its commitment to accountability.
While the rating is strong, it is important to note that the assessment is based solely on financial metrics and does not reflect the effectiveness of the foundation's programs or the impact of its services on the community. As such, potential supporters may want to seek additional information regarding the qualitative aspects of its work within the elder community.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Friends Of The Elderly Foundation legitimate?
Chicago Friends Of The Elderly Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Friends Of The Elderly Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Chicago Friends Of The Elderly Foundation?
The Chicago Friends of the Elderly Foundation supports the activities of an organization called Little Brothers - Friends of the Elderly (Chicago). While the provided information does not explicitly state a mission statement for the foundation itself, it can be inferred that their mission is to facilitate and contribute to the initiatives undertaken by Little Brothers - Friends of the Elderly, focusing on elderly care. This support likely encompasses funding, resources, and advocacy, aiming to enhance the well-being and quality of life for the elderly population.
Who is the CEO of Chicago Friends Of The Elderly Foundation?
Linda Watson is the Chair of Chicago Friends Of The Elderly Foundation.
What is the revenue of Chicago Friends Of The Elderly Foundation?
Chicago Friends Of The Elderly Foundation's revenue in 2022 was $1,579,800.
Who are the executives of Chicago Friends Of The Elderly Foundation and what are their salaries?
There 7 volunteers at Chicago Friends Of The Elderly Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chicago Friends Of The Elderly Foundation?
Chicago Friends Of The Elderly Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chicago Friends Of The Elderly Foundation
Chicago Friends of the Elderly Foundation plays a crucial role in supporting the activities of Little Brothers - Friends of the Elderly (Chicago). In essence, the foundation's mission is to bolster and facilitate the initiatives undertaken by this organization, which is dedicated to enhancing the lives of the elderly in Chicago. By providing financial and other necessary support, Chicago Friends of the Elderly Foundation enables Little Brothers - Friends of the Elderly (Chicago) to carry out its mission more effectively. This partnership aims to ensure that the elderly community in Chicago receives the care, companionship, and assistance they need to lead fulfilling lives.
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Impact
October, 2024
Chicago Friends Of The Elderly Foundation plays a crucial role in enhancing the quality of life for seniors in the community. By supporting the initiatives of Little Brothers - Friends of the Elderly in Chicago, the foundation facilitates various programs and activities that combat loneliness and social isolation among the elderly. It fosters connections between volunteers and seniors, ensuring that older individuals receive companionship and assistance. This support not only enriches the lives of the elderly but also promotes a sense of community and belonging, contributing significantly to the overall well-being of Chicago’s elder population. Through its efforts, the foundation creates a more inclusive and nurturing environment for seniors, addressing their unique needs and challenges.
This information is meant to be a general summary of Chicago Friends Of The Elderly Foundation. 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.
- Investment Income: $904,800
- Gross Receipts: $1,579,800
Assets and Liabilities:
- Total Assets: $12,981,475
- Total Liabilities: $0
- Net Assets: $12,981,475
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Organization Details
Founding Year
2006
Phone
(312) 455-1000Principal Officer
Linda Watson
Main Address
355 N ASHLAND, CHICAGO, IL, 60607
NTEE Category
Code: P20 - Human services
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