Overview
What is Community Foundation Of Kankakee River Valley?
The Community Foundation of Kankakee River Valley is a nonprofit organization situated in Kankakee, Illinois. Their primary mission is to encourage and receive donations of money and property from various contributors. The board of directors then determines how these gifts and their resulting income will be utilized, primarily for the betterment of Kankakee County's inhabitants. The foundation maintains a strong presence with 13 employees, and their activities are centered around assisting the community in various ways.
Official website here: www.cfkrv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% - Three-Star out of Four Star rating
The Community Foundation of Kankakee River Valley has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and operational effectiveness. The overall score is derived from an Accountability & Finance score of 82 and a Culture & Community score of 79. The organization demonstrates a strong commitment to governance, with 100% of its board members being independent and effective financial oversight mechanisms in place.
Strengths include a robust structure for safeguarding assets and transparency, as evidenced by high scores in areas like audit and oversight, conflict of interest policies, and the posting of financial documents. However, the organization shows room for improvement in its Program Expense Ratio, which at 55.42% is below the ideal threshold, suggesting that a higher proportion of its expenses could be allocated to direct program services.
Additionally, the foundation has reported implementing four equity practices, reflecting an ongoing commitment to social equity and community engagement. While the foundation is performing well in governance and accountability, increasing the share of resources directed toward its programs could further enhance its impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Kankakee River Valley legitimate?
Community Foundation Of Kankakee River Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Kankakee River Valley 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: $373,600
For more financial information, click here
Official website here: www.cfkrv.org
What is the mission statement of Community Foundation Of Kankakee River Valley?
The Community Foundation of Kankakee River Valley's mission is to encourage and receive donations of money and property, using these funds to benefit the inhabitants of Kankakee County in a manner deemed appropriate by their board of directors. This organization serves to provide assistance in meeting the objectives of the community foundation for the benefit of the residents of Kankakee County. In essence, the Community Foundation of Kankakee River Valley acts as a facilitator of charitable contributions, channeling these funds towards the betterment of their local community.
Official website here: www.cfkrv.org
What is the revenue of Community Foundation Of Kankakee River Valley?
Community Foundation Of Kankakee River Valley's revenue in 2023 was $851,074.
Official website here: www.cfkrv.org
Who are the executives of Community Foundation Of Kankakee River Valley and what are their salaries?
The average compensation at Community Foundation Of Kankakee River Valley during 2023 was $28,738. There are 13 employees and 13 volunteers at Community Foundation Of Kankakee River Valley.
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Official website here: www.cfkrv.org
Where can I find the form 990 for Community Foundation Of Kankakee River Valley?
Community Foundation Of Kankakee River Valley's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfkrv.org
Learn more at the official website: www.cfkrv.org
Mission Statement of Community Foundation Of Kankakee River Valley
The Community Foundation of Kankakee River Valley serves as a platform that encourages and receives monetary and property contributions from donors. The organization's board of directors then utilizes these gifts and their resulting proceeds in a manner they deem appropriate, primarily for the betterment of the residents of Kankakee County. The Community Foundation's mission is to provide assistance in achieving the objectives of the community foundation, ultimately benefiting the inhabitants of Kankakee County.
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Impact
October, 2024
The Community Foundation of Kankakee River Valley significantly impacts the local community by fostering philanthropy and enhancing the quality of life for the residents of Kankakee County. Through the encouragement and acceptance of financial gifts and property from donors, the foundation effectively allocates resources to address the needs and priorities of the community.
This initiative provides vital support for various projects and programs that benefit the inhabitants, ensuring that the proceeds are directed toward meaningful causes. By facilitating collaboration among donors and community members, the foundation plays a crucial role in strengthening local initiatives, enhancing public services, and addressing challenges faced by the community.
Ultimately, the efforts of the Community Foundation of Kankakee River Valley create a robust network of support that empowers individuals and organizations, driving progress and sustainable growth throughout Kankakee County.
This information is meant to be a general summary of Community Foundation Of Kankakee River Valley. 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 2023.
- Investment Income: $204,937
- Gross Receipts: $4,182,573
Assets and Liabilities:
- Total Assets: $9,261,446
- Total Liabilities: $24,933
- Net Assets: $9,236,513
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Organization Details
Founding Year
1982
Principal Officer
Jacob Lee
Website
www.cfkrv.orgNTEE Category
Code: T31 - Philanthropy
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