Overview
What is Community Foundation Of East Central Illinois?
The Community Foundation of East Central Illinois is a 3-employee strong nonprofit organization situated in Champaign, Illinois. Their primary mission is to foster philanthropy, serving as a neutral, ethical platform that brings together individuals and resources to address current and emerging community needs. They accomplish this by receiving donations, bequests, and gifts, which they then disburse as charitable grants to benefit the residents of East Central Illinois. In 2022, they provided grants and designated distributions to over 190 different charitable organizations within the region. Furthermore, the Community Foundation of East Central Illinois offers learning opportunities for local charitable and civic organizations' staff and boards, acting as a convenor for groups and initiatives aimed at enhancing the lives of residents in the area.
Official website here: www.cfeci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Community Foundation of East Central Illinois has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. This rating signifies a strong commitment to transparency and effective financial practices, as the organization has received full scores in critical areas such as independent board governance, conflict of interest policies, and financial oversight.
The foundation's operational efficiency is highlighted by its low fundraising costs, with only $0.05 spent to raise each dollar. Additionally, a substantial 83.81% of expenses are directed toward programs, underscoring its focus on mission-driven work. The organization has also demonstrated sound financial health, boasting a liabilities-to-assets ratio of just 0.12% and a working capital ratio of 14.42 years.
Despite these strengths, the summary does not indicate any notable limitations or concerns regarding the foundation’s operations. Overall, the Community Foundation of East Central Illinois stands out as a well-managed nonprofit dedicated to serving its community effectively and responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of East Central Illinois legitimate?
Community Foundation Of East Central Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of East Central Illinois 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: $98,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,536
For more financial information, click here
Official website here: www.cfeci.org
What is the mission statement of Community Foundation Of East Central Illinois?
The Community Foundation of East Central Illinois' mission is centered around promoting philanthropy in an impartial, unbiased, and ethical manner. The organization is committed to inclusivity and brings together people and resources to identify and address present and emerging community needs. It serves as a platform for charitable organizations, providing learning opportunities for their staff and boards. During 2022, the foundation distributed grants and designated distributions to over 190 different charitable organizations in the region. Furthermore, it functions as a convener, facilitating initiatives aimed at enhancing the lives of the community's residents.
Official website here: www.cfeci.org
Who is the CEO of Community Foundation Of East Central Illinois?
Angela M Hatfield is the Chair of Community Foundation Of East Central Illinois. The CEO's salary of Community Foundation Of East Central Illinois is $95,295 and their total compensation is $98,154.
Official website here: www.cfeci.org
What is the revenue of Community Foundation Of East Central Illinois?
Community Foundation Of East Central Illinois's revenue in 2022 was $3,474,750.
Official website here: www.cfeci.org
Who are the executives of Community Foundation Of East Central Illinois and what are their salaries?
The average compensation at Community Foundation Of East Central Illinois during 2022 was $58,230. There are 3 employees and 22 volunteers at Community Foundation Of East Central Illinois.
Here are 17 key members and their salaries (Community Foundation Of East Central Illinois's CEO's salary is $95,295 and their total compensation is $98,154):
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- Compensation: $95,295
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Official website here: www.cfeci.org
Where can I find the form 990 for Community Foundation Of East Central Illinois?
Community Foundation Of East Central Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfeci.org
Learn more at the official website: www.cfeci.org
Mission Statement of Community Foundation Of East Central Illinois
The Community Foundation of East Central Illinois, in a fair, impartial, and ethical manner, is dedicated to fostering philanthropy and cultivating a commitment to inclusiveness. This organization serves as a bridge, bringing together diverse individuals and resources to identify and address both current and emerging community needs. By receiving donations, bequests, and gifts, it administers funds for the benefit of the residents of East Central Illinois. The Community Foundation of East Central Illinois is actively engaged in offering learning opportunities to the staff and boards of local charitable and civic organizations, thereby enhancing their capacity to contribute positively to the community. Additionally, it serves as a convener, facilitating collaborations and initiatives aimed at improving the lives of the residents of East Central Illinois.
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Impact
October, 2024
The Community Foundation of East Central Illinois has made a significant impact on the region by fostering philanthropy and providing essential support to charitable initiatives. Through the receipt of gifts, bequests, and donations, the foundation has allocated resources to benefit individuals and communities across East Central Illinois. In 2022 alone, it granted funds to over 190 different charitable organizations, addressing a variety of local needs and enhancing the quality of life for residents.
Beyond financial contributions, the foundation advocates for learning and development opportunities for the staff and boards of local charitable and civic organizations, strengthening the community's overall capacity to respond to challenges. Acting as a convener for groups and initiatives, it unites people and resources around pressing community issues, ensuring a collaborative approach to problem-solving. Its commitment to inclusiveness and ethical philanthropy helps to create a supportive environment where diverse voices can contribute to the region's growth and wellbeing. Overall, the Community Foundation operates as a vital resource for promoting sustainable change and empowering the residents of East Central Illinois.
This information is meant to be a general summary of Community Foundation Of East Central Illinois. 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: $658,194
- Gross Receipts: $3,491,111
Assets and Liabilities:
- Total Assets: $28,930,952
- Total Liabilities: $15,970
- Net Assets: $28,914,982
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Organization Details
Founding Year
1972
Phone
(217) 359-0125Principal Officer
Angela M Hatfield
Main Address
307 W UNIVERSITY AVENUE, CHAMPAIGN, IL, 61820
Website
www.cfeci.orgNTEE Category
Code: T31 - Philanthropy
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