Overview
What is The William E English Foundation?
The William E English Foundation is a philanthropic organization based in Indianapolis, Indiana, specifically located at 615 North Alabama Street Suite 300. Its primary mission is to offer rental office space to various non-profit organizations at rates lower than the market average. By doing so, the foundation supports 14 such organizations, providing employment opportunities for approximately 265 individuals. The rental income generated covers around 80% of the foundation's operational costs, with the remaining 20% funded from an endowment. The foundation's mission is to contribute to the community by offering affordable office space to non-profit organizations, allowing them to focus on their respective missions and serve the community effectively.
Official website here: www.cicf.org
Is The William E English Foundation legitimate?
The William E English Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The William E English Foundation 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: $25,595
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,450
For more financial information, click here
Official website here: www.cicf.org
What is the mission statement of The William E English Foundation?
The William E English Foundation's mission is centered around providing office space to non-profit organizations at rates lower than the market average. By doing so, these organizations can significantly reduce their operational costs. The Foundation's tenants contribute towards the building's operating expenses proportionate to the size of their occupied spaces. Currently, the Foundation is supporting 14 different non-profit organizations, providing employment opportunities for approximately 265 individuals.
Official website here: www.cicf.org
Who is the CEO of The William E English Foundation?
Lorenzo Esters is the Principal Officer of The William E English Foundation.
Official website here: www.cicf.org
What is the revenue of The William E English Foundation?
The William E English Foundation's revenue in 2022 was $873,691.
Official website here: www.cicf.org
Who are the executives of The William E English Foundation and what are their salaries?
The average compensation at The William E English Foundation during 2022 was $73,022. There are 2 employees and 9 volunteers at The William E English Foundation.
Here are 11 key members and their salaries:
- Compensation: $11,725
- Related: $457,292
- Other: $120,017
- Compensation: $9,480
- Related: $306,520
- Other: $46,294
- Compensation: $6,273
- Related: $119,183
- Other: $38,477
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cicf.org
Where can I find the form 990 for The William E English Foundation?
The William E English Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cicf.org
Learn more at the official website: www.cicf.org
Mission Statement of The William E English Foundation
The William E English Foundation is committed to supporting the community by providing office space to various non-profit organizations at rates below the market average. This mission allows these organizations to focus on their primary objectives without the burden of excessive rental expenses. By renting space to 14 different non-profit entities, the foundation contributes to the employment of approximately 265 individuals. The tenants of the foundation share in the building's operating costs, proportionate to the size of their office spaces. This unique arrangement enables the foundation to cover approximately 80% of its operating costs through rental income, while the remaining 20% is funded through an endowment.
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Impact
October, 2024
The William E. English Foundation significantly impacts the community by providing essential office space to nonprofit organizations at below-market rates. This initiative allows 14 different nonprofits, employing approximately 265 individuals, to operate more sustainably and efficiently. By covering around 80% of its operating costs through rental income and utilizing 20% from its endowment, the foundation ensures that these organizations can focus their resources on their missions rather than on high overhead expenses. The foundation's support fosters a thriving environment for community service efforts in Indianapolis, ultimately enhancing the overall welfare of the community they collectively serve.
This information is meant to be a general summary of The William E English Foundation. 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: $175,599
- Program Service Revenue: $698,069
- Gross Receipts: $1,626,291
Assets and Liabilities:
- Total Assets: $6,234,822
- Total Liabilities: $237,363
- Net Assets: $5,997,459
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$613,393
PARKING FEES
Revenue
$84,676
Organization Details
Founding Year
1932
Phone
(317) 634-2423Principal Officer
Lorenzo Esters
Main Address
615 NORTH ALABAMA STREET Suite 300, INDIANAPOLIS, IN, 46204
Website
www.cicf.orgNTEE Category
Code: L50Z - Housing
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