Overview
What is City Colleges Of Chicago Foundation?
The City Colleges of Chicago Foundation is a nonprofit organization dedicated to furthering educational opportunities. Operating under the mission to assist in enhancing resources and fulfilling the educational objectives of the City Colleges of Chicago, established by the Board, this foundation focuses primarily on providing scholarships. By offering grants, the foundation aims to alleviate financial burdens for students enrolled in the City Colleges of Chicago, thereby enabling more individuals to pursue their education.
What are the reviews and ratings of this charity?
City Colleges Of Chicago Foundation has received an excellent Four-Star out of Four Star rating from Charity Navigator, with an overall score of 91%. This high rating reflects strong accountability and financial management, evidenced by a stellar program expense ratio of 98.27% and a low fundraising efficiency ratio, indicating that the majority of funds are directed towards its programs rather than fundraising costs. Notable strengths include a majority of independent board members, comprehensive financial oversight, and robust feedback mechanisms.
While the organization excels in many areas, it does have a few limitations noted in its metrics, such as the absence of a whistleblower policy and missing document retention protocols. However, its high scores in equity strategies and constituent feedback demonstrate a commitment to community engagement and transparency. The Foundation's financials are solid, with a favorable liabilities-to-assets ratio and sufficient working capital, showcasing its ability to sustain operations effectively.
Unfortunately, user reviews from GreatNonprofits could not be retrieved. Nonetheless, the information available from Charity Navigator paints a picture of a nonprofit that maintains robust organizational practices while serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is City Colleges Of Chicago Foundation legitimate?
City Colleges Of Chicago Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Colleges Of Chicago 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: $0
Professional Fundraising Fees: $30,385
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of City Colleges Of Chicago Foundation?
The City Colleges of Chicago Foundation's mission, carried out for educational purposes, is to aid in enhancing and supplementing the educational resources of the City Colleges of Chicago, overseen by the Board. Their primary objective is to offer grants for scholarships, providing financial assistance to individuals seeking education within this educational institution. This support helps to broaden the accessibility of higher education to a wider scope of individuals.
Who is the CEO of City Colleges Of Chicago Foundation?
Rhonda K Brown is the President of City Colleges Of Chicago Foundation.
What is the revenue of City Colleges Of Chicago Foundation?
City Colleges Of Chicago Foundation's revenue in 2022 was $8,962,317.
Who are the executives of City Colleges Of Chicago Foundation and what are their salaries?
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $274,707
- Other: $75,931
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- Related: $161,175
- Other: $50,946
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- Related: $178,453
- Other: $20,044
- Compensation: $0
- Related: $146,955
- Other: $46,451
Where can I find the form 990 for City Colleges Of Chicago Foundation?
City Colleges Of Chicago Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Colleges Of Chicago Foundation
The City Colleges of Chicago Foundation, a nonprofit organization, is dedicated to furthering and enhancing the educational resources of the City Colleges of Chicago. Established and managed by the Board, this foundation's primary mission is to distribute grants for scholarships. This mission serves to support the educational objectives and functions of the City Colleges of Chicago, thereby contributing to the overall advancement of education in the community. The foundation plays a pivotal role in providing financial assistance, thereby enabling deserving individuals to pursue their educational goals and contribute to societal progress.
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Impact
October, 2024
The City Colleges of Chicago Foundation significantly enhances educational opportunities for students by providing vital grants for scholarships. This impactful work supports the City Colleges of Chicago in developing and augmenting resources that facilitate learning and career advancement. By focusing on scholarships, the Foundation helps reduce financial barriers, enabling more individuals to pursue higher education and develop skills essential for success in the workforce. The Foundation's commitment to educational excellence not only benefits individual students but also strengthens the community by fostering a more educated and skilled populace.
This information is meant to be a general summary of City Colleges Of Chicago 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: $1,920,980
- Gross Receipts: $14,116,776
Assets and Liabilities:
- Total Assets: $24,352,666
- Total Liabilities: $483,615
- Net Assets: $23,869,051
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Organization Details
Founding Year
1971
Phone
(312) 553-2564Principal Officer
Rhonda K Brown
Main Address
180 North Wabash Street 200, Chicago, IL, 60601
NTEE Category
Code: B82 - Education
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