Overview
What is Invest For Kids Inc?
Invest For Kids Inc is a nonprofit organization situated in Chicago, Illinois, specifically at 875 N Michigan Ave Suite 3400. Their primary mission is to support children's welfare by aiding various charities in the Chicago area. They accomplish this goal annually by hosting a conference where successful investment managers share their ideas, generating funds for these charitable organizations. The 2022 conference dispersed funds to organizations such as Chicago Collegiate Charter School, Children's Research Triangle, and Mikva Challenge Grant Foundation, among others. The 2021 conference also contributed to several charities, including Chicago Scholars and Comp-U-Dot.
Official website here: www.investforkidschicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Stars
Invest For Kids Inc has earned a Three-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial practices. The organization has achieved high scores in several areas, including independent board governance and financial oversight. Their policies on conflict of interest, whistleblower protections, and document retention are well established, indicating a solid approach to transparency.
Despite these strengths, the organization has areas that require improvement, notably its fundraising efficiency ratio, which received a score of zero. This suggests challenges in generating funds relative to the costs associated with fundraising efforts. Additionally, the independent board size score indicates that there may be room for enhancing board member independence to further strengthen governance.
Overall, while Invest For Kids Inc demonstrates a commendable level of financial accountability and program management, addressing its fundraising efficiency could enhance its overall impact and sustainability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Invest For Kids Inc legitimate?
Invest For Kids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Invest For Kids Inc 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
For more financial information, click here
Official website here: www.investforkidschicago.org
What is the mission statement of Invest For Kids Inc?
Invest for Kids Inc's mission is centered around raising funds that contribute to the betterment of children's charities in various aspects. They accomplish this mission through an annual conference, where successful investment managers share their ideas, thereby generating funds. The collected funds are then dispersed to various organizations, each dedicated to enhancing children's welfare and supporting their respective missions. Some of the beneficiary organizations from the 2022 conference include Bloc, Chicago Collegiate Charter School, Children's Research Triangle, and Code Nation, among others.
Official website here: www.investforkidschicago.org
Who is the CEO of Invest For Kids Inc?
Benjamin Kovler is the Ceo/Tr/Secr. of Invest For Kids Inc. The CEO's salary of Invest For Kids Inc is $0 and their total compensation is $0.
Official website here: www.investforkidschicago.org
What is the revenue of Invest For Kids Inc?
Invest For Kids Inc's revenue in 2022 was $2,013,591.
Official website here: www.investforkidschicago.org
Who are the executives of Invest For Kids Inc and what are their salaries?
There 125 volunteers at Invest For Kids Inc.
Here are 3 key members and their salaries (Invest For Kids Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.investforkidschicago.org
Where can I find the form 990 for Invest For Kids Inc?
Invest For Kids Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investforkidschicago.org
Learn more at the official website: www.investforkidschicago.org
Mission Statement of Invest For Kids Inc
Invest for Kids Inc. is a nonprofit organization dedicated to raising funds that contribute to the betterment of Chicago-area children's charities. They accomplish this mission by hosting an annual conference, which generates funds by showcasing innovative investment ideas from a distinguished group of successful financial managers. The conference serves as a platform for these professionals to share their insights and strategies, while simultaneously raising funds that directly benefit various children's charities.
The funds raised during these conferences are then disbursed to numerous organizations that work tirelessly to support children's welfare and aid in the fulfillment of their missions. For instance, in 2022, Invest for Kids Inc. distributed funds to Bloc, Chicago Collegiate Charter School, Children's Research Triangle, Code Nation, Mikva Challenge Grant Foundation, Network for Teaching Entrepreneurship, One Million Degrees, HEAR Scholarship Foundation, Chicago Scholars, Illinois Network of Charter Schools, GEM-IFK Venture for Educational Support, DePaul University-Division of A&E R, Harris Theater-ATP, and several other organizations. These funds are crucial in enabling these charities to continue their vital work in improving the lives of Chicago's children.
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Impact
October, 2024
Invest For Kids Inc has a significant impact on the welfare of children in the Chicago area by channeling funds directly to organizations dedicated to improving their lives. Through an annual conference that showcases innovative ideas from top investment managers, the organization successfully raises substantial amounts of money for various charities.
In 2022 alone, Invest For Kids distributed funds to key organizations such as Bloc, Chicago Collegiate Charter School, Children's Research Triangle, and Code Nation, each receiving $200,000 to bolster their missions aimed at supporting children's education and well-being. Other beneficiaries included the Mikva Challenge Grant Foundation and One Million Degrees, reflecting a diverse approach to tackling issues affecting youth.
The organization also provides residual funding from prior events, ensuring a continuous flow of support to initiatives like Comp-U-Dot and LINK Unlimited Scholars. Overall, Invest For Kids Inc plays a crucial role in enhancing educational opportunities and resources, empowering both organizations and the children they serve throughout the community.
This information is meant to be a general summary of Invest For Kids Inc. 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: $9,413
- Gross Receipts: $3,200,749
Assets and Liabilities:
- Total Assets: $591,688
- Total Liabilities: $0
- Net Assets: $591,688
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Organization Details
Founding Year
2009
Phone
(312) 664-5050Principal Officer
Benjamin Kovler
Main Address
875 N Michigan Ave Suite 3400, Chicago, IL, 60611
Website
www.investforkidschicago.orgNTEE Category
Code: P12 - Human services
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