Overview
What is Forefront?
Forefront is a Chicago-based nonprofit organization, formed by Illinois foundations and city officials in 2002, with a mission to strengthen the social impact sector for the people of Illinois. They accomplish this by enhancing the effectiveness of member organizations and nonprofits in the state, promoting philanthropy's role, fostering innovation, and providing technical assistance and fiscal sponsorship. With a team of 27 employees, Forefront's initiatives include educational programs, informational resources, interaction opportunities, and support for mission-driven organizations to address social challenges with sustainable solutions.
Official website here: www.myforefront.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100% (Four-Star out of Four Star rating)
Forefront has achieved a perfect score of 100% in its Accountability & Finance, reflecting a strong commitment to financial health and transparency. The organization boasts a fully independent board with 22 members, ensuring a high level of oversight and governance. Additionally, their practices around auditing, material asset diversion, and fiscal policies are all exemplary, contributing to their impressive financial management.
The nonprofit excels in its program expense ratio, allocating approximately 86.83% of its budget directly to programs, which indicates a strong focus on its mission-driven activities. The fundraising efficiency is also noteworthy, with a cost of just $0.03 to raise a dollar, highlighting an effective approach to generating resources. Furthermore, Forefront maintains a solid working capital ratio of 2.09 years, suggesting adequate resources to sustain operations.
No significant limitations were noted in the data, reinforcing the organization’s reputation as a well-managed and financially sound nonprofit. Overall, Forefront stands out as a model of accountability and efficiency within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Forefront legitimate?
Forefront is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forefront 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: $478,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,598,855
For more financial information, click here
Official website here: www.myforefront.org
What is the mission statement of Forefront?
Forefront is a organization dedicated to strengthening the social impact sector in Illinois. They aim to boost the efficacy of member organizations and nonprofits in the state through the development of educational programs, informational resources, and technical assistance. The role of philanthropy in Illinois is championed by Forefront, and they facilitate interaction and communication among various charitable, religious, literary, scientific, and educational organizations. Innovation and entrepreneurship are fostered within the nonprofit sector, and Forefront offers support, training, and fiscal sponsorship to help mission-driven organizations grow and address social challenges with sustainable solutions.
Official website here: www.myforefront.org
Who is the CEO of Forefront?
Monique B Jones is the President, Ceo of Forefront. The CEO's salary of Forefront is $258,789 and their total compensation is $264,725.
Official website here: www.myforefront.org
What is the revenue of Forefront?
Forefront's revenue in 2022 was $14,471,149.
Official website here: www.myforefront.org
Who are the executives of Forefront and what are their salaries?
The average compensation at Forefront during 2022 was $76,927. There are 27 employees and 65 volunteers at Forefront.
Here are 26 key members and their salaries (Forefront's CEO's salary is $258,789 and their total compensation is $264,725):
- Compensation: $258,789
- Related: $0
- Other: $5,936
- Compensation: $164,823
- Related: $0
- Other: $20,493
- Compensation: $140,335
- Related: $0
- Other: $23,364
- Compensation: $131,838
- Related: $0
- Other: $19,089
- Compensation: $100,274
- Related: $0
- Other: $15,650
- Compensation: $103,559
- Related: $0
- Other: $7,968
- Compensation: $0
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Official website here: www.myforefront.org
Where can I find the form 990 for Forefront?
Forefront's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myforefront.org
Learn more at the official website: www.myforefront.org
Mission Statement of Forefront
Forefront, a dynamic organization in Illinois, is dedicated to fostering a thriving social impact sector that benefits all residents of the state. With a mission to mobilize its members collectively around issues that matter to them and the sector, Forefront enhances the effectiveness of both its own members and all nonprofit organizations in Illinois.
Through the development of educational programs and informational resources, and by providing technical assistance, Forefront empowers its members and the entire nonprofit community in Illinois to grow and make a greater impact. The organization recognizes the critical role philanthropy plays in the state and actively promotes its involvement. Forefront facilitates interaction and communication among its members and other nonprofit charitable, religious, literary, scientific, and educational organizations in Illinois. It fosters innovation and entrepreneurship in the nonprofit sector, and offers support, training, and fiscal sponsorship to help mission-driven organizations expand and address social challenges with sustainable solutions.
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Impact
October, 2024
Forefront significantly influences the social impact sector in Illinois by fostering collaboration among a diverse array of organizations and individuals. Through initiatives like Fresh Taste, it plays a crucial role in transforming the food production and consumption landscape within the Chicago region. Forefront's efforts to enhance organizational effectiveness include developing educational programs and providing technical assistance, ensuring that its members are equipped with the tools needed to address pressing social challenges.
In addition, Forefront promotes the importance of philanthropy and creates platforms for interaction among different philanthropic entities, charitable organizations, and community leaders. By nurturing innovation and entrepreneurship, it supports mission-driven organizations in their quest for sustainable solutions, ultimately leading to more impactful and effective responses to various social issues within the state. The collective mobilization of its members amplifies their reach and effectiveness, contributing to a vibrant social impact ecosystem that benefits all the people of Illinois.
This information is meant to be a general summary of Forefront. 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: $1,366
- Program Service Revenue: $683,105
- Gross Receipts: $14,471,149
Assets and Liabilities:
- Total Assets: $9,409,994
- Total Liabilities: $979,342
- Net Assets: $8,430,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$475,607
WORKSHOPS AND MEETINGS
Revenue
$207,498
Organization Details
Founding Year
1974
Phone
(312) 578-0090Principal Officer
Monique B Jones
Main Address
200 W MADISON ST 2ND FLOOR, CHICAGO, IL, 60606
Website
www.myforefront.orgNTEE Category
Code: T50Z - Philanthropy
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