Overview
What is Cift?
Cift, a nonprofit organization situated in Toledo, Ohio, is dedicated to fostering economic growth within the food processing, agribusiness, and agricultural sectors. With a workforce of 17 individuals, their mission is to innovate and offer technical solutions to enhance the performance of these industries not only in their local region but also across the state. Their services are designed to cater to this sector's unique needs, thereby contributing to its overall success and development.
Official website here: www.ciftinnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Cift has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is entirely based on its impressive performance in the Accountability & Finance beacon, showcasing its dedication to transparency and responsible management of resources.
The organization earned full points in several key areas, including having a fully independent board and a robust audit and oversight committee. With a high program expense ratio of 89.78%, Cift demonstrates a strong focus on directing funds toward its mission rather than administrative costs, reinforcing trust among its supporters and stakeholders.
While the organization shows no significant limitations in the available feedback, continued diligence in maintaining its financial practices and transparency will be essential for sustaining its excellent rating. Overall, Cift exemplifies a well-managed nonprofit organization dedicated to effective and responsible operations.
This AI summary has been generated from information found on Charity Navigator.
Is Cift legitimate?
Cift is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cift 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: $676,321
Professional Fundraising Fees: $0
Other Salaries and Wages: $797,325
For more financial information, click here
Official website here: www.ciftinnovation.org
What is the mission statement of Cift?
Cift's mission statement revolves around developing and delivering innovative technical solutions for the food processing and agribusiness sectors, aiming to contribute positively to the economy beyond their regional state. The organization's primary goal is to provide these advanced technologies, thereby enhancing the overall performance of these sectors. By offering their services, they aim to contribute significantly to the economic growth and development of these critical industries.
Official website here: www.ciftinnovation.org
Who is the CEO of Cift?
Rebecca Singer is the CEO of Cift The CEO's salary of Cift is $197,320 and their total compensation is $209,219.
Official website here: www.ciftinnovation.org
What is the revenue of Cift?
Cift's revenue in 2024 was $3,189,881.
Official website here: www.ciftinnovation.org
Who are the executives of Cift and what are their salaries?
The average compensation at Cift during 2024 was $86,685. There are 17 employees at Cift.
Here are 14 key members and their salaries (Cift's CEO's salary is $197,320 and their total compensation is $209,219):
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- Compensation: $197,320
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- Other: $11,899
- Compensation: $112,324
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- Other: $6,137
- Compensation: $111,607
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- Other: $21,021
Official website here: www.ciftinnovation.org
Where can I find the form 990 for Cift?
Cift's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ciftinnovation.org
Learn more at the official website: www.ciftinnovation.org
Mission Statement of Cift
Cift, a nonprofit organization, is dedicated to the mission of developing and delivering innovative technical solutions for the food processing and agricultural sectors of the economy. By providing these advanced technologies, Cift aims to boost the economic performance of this critical industry within its region and beyond. The organization's services are designed to contribute to the overall growth and success of these sectors, ensuring they remain competitive and sustainable in the ever-evolving global market.
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Impact
October, 2024
Cift plays a crucial role in enhancing the agricultural and food processing sectors in Toledo, OH, and beyond. By developing and providing technical innovations and solutions, Cift significantly improves the economic performance of agribusinesses, helping them become more efficient and competitive. This focus on innovation not only boosts productivity but also contributes to community improvement through job creation and economic growth. By addressing the specific needs of the agricultural sector, Cift fosters a more sustainable and resilient local economy, ensuring that businesses can adapt to evolving challenges and opportunities in the industry.
This information is meant to be a general summary of Cift. 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 2024.
- Investment Income: $49,590
- Program Service Revenue: $695,370
- Gross Receipts: $3,189,881
Assets and Liabilities:
- Total Assets: $2,799,268
- Total Liabilities: $773,574
- Net Assets: $2,025,694
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING/SEMINARS
Revenue
$638,834
KITCHEN USEAGE
Revenue
$50,341
TRAINING
Revenue
$6,195
Organization Details
Founding Year
1987
Principal Officer
Rebecca Singer
Website
www.ciftinnovation.orgNTEE Category
Code: S41 - Community improvement
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