Overview
What is The Foundation For Northwest Il?
The Foundation for Northwest Il is a nonprofit organization situated in Freeport, Illinois. Its primary mission is to enhance the livelihood of the local community in Northwest Illinois. By accumulating permanent endowment funds and distributing income from these funds prudently, they provide financial support to various charitable organizations within the region. The Foundation's goal is to contribute to the overall well-being of the citizens of Northwest Illinois, ensuring their continuous growth and development. With a small team of dedicated individuals, they work tirelessly to identify and fund deserving organizations that align with their mission.
Official website here: www.fornwil.org
Is The Foundation For Northwest Il legitimate?
The Foundation For Northwest Il is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For Northwest Il 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:
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Other Salaries and Wages: $78,891
For more financial information, click here
Official website here: www.fornwil.org
What is the mission statement of The Foundation For Northwest Il?
The mission of The Foundation for Northwest Il is to enhance the well-being of its community members by building endowment funds and distributing their income prudently to charitable organizations. The primary aim is to accumulate assets in a permanent form and dispense the income derived from these funds to support local charities. By providing grants to these organizations, the foundation contributes to the overall welfare of the citizens in Northwest Illinois.
Official website here: www.fornwil.org
Who is the CEO of The Foundation For Northwest Il?
Michelle Dehaven is the Executive Di of The Foundation For Northwest Il.
Official website here: www.fornwil.org
What is the revenue of The Foundation For Northwest Il?
The Foundation For Northwest Il's revenue in 2022 was $297,028.
Official website here: www.fornwil.org
Who are the executives of The Foundation For Northwest Il and what are their salaries?
The average compensation at The Foundation For Northwest Il during 2022 was $39,446. There are 2 employees at The Foundation For Northwest Il.
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Official website here: www.fornwil.org
Where can I find the form 990 for The Foundation For Northwest Il?
The Foundation For Northwest Il's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fornwil.org
Learn more at the official website: www.fornwil.org
Mission Statement of The Foundation For Northwest Il
The Foundation for Northwest Il is dedicated to enhancing the welfare of its community's citizens. To achieve this, the organization accumulates assets in the form of permanent endowment funds. These funds are managed prudently, and income generated from them is distributed thoughtfully to deserving charitable organizations. By doing so, The Foundation for Northwest Il aims to contribute positively to the lives of its residents, ensuring their well-being. The organization's primary mission is to act as a catalyst, providing grants to local charitable organizations, thereby empowering them to carry out their initiatives and uplift the community.
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Impact
October, 2024
The Foundation For Northwest IL significantly enhances the well-being of citizens in Northwest Illinois by accumulating assets through permanent endowment funds. This strategic approach allows for the prudent distribution of income to local charitable organizations, ensuring that grants are available to address various community needs. By supporting these organizations, the foundation plays a crucial role in uplifting the community, fostering educational initiatives, improving health services, and enhancing cultural programs. The resulting impact not only addresses immediate needs but also promotes long-term sustainability and growth within the region, creating a stronger, more resilient community.
This information is meant to be a general summary of The Foundation For Northwest Il. 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: $184,234
- Gross Receipts: $364,645
Assets and Liabilities:
- Total Assets: $5,131,242
- Total Liabilities: $205,943
- Net Assets: $4,925,299
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Organization Details
Founding Year
2002
Phone
(815) 801-3035Principal Officer
Michelle Dehaven
Main Address
1525 S FOREST RD SUITE 200, FREEPORT, IL, 61032
Website
www.fornwil.orgNTEE Category
Code: T30 - Philanthropy
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