Overview
What is Safer Corporate Endowment?
Safer Corporate Endowment is a supporting entity that aids the Safer Foundation, a nonprofit organization with a mission to offer chances for rehabilitation to individuals carrying criminal records. Based in Chicago, Illinois, the Endowment contributes by providing rental facilities for Safer Foundation's operations and investing in affordable housing units. Additionally, it grants funds for Safer Foundation's programs, enabling their work in assisting individuals with criminal backgrounds to become productive members of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Safer Corporate Endowment has achieved a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The organization scored 79% based solely on its Accountability & Finance metrics, indicating a commitment to maintaining transparency and responsible use of resources. The assessment highlights a strong governance structure with a fully independent board and comprehensive policies in place to manage potential conflicts of interest and ensure ethical operations.
Strengths of Safer Corporate Endowment include a perfect score in several key areas, such as the independence of board members and a solid 100% program expense ratio, signaling that all funds are utilized directly for programmatic efforts. The presence of essential operational policies, including those for whistleblower protections and document retention, further underscores the organization’s commitment to integrity and accountability.
Despite its strengths, the overall score is exclusively derived from financial accountability metrics, which means that other aspects of the organization's performance may not be fully evaluated. While the current scores depict a responsible financial steward, potential donors may wish to investigate further into the effectiveness of its programs and overall impact within the community before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Safer Corporate Endowment legitimate?
Safer Corporate Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Safer Corporate Endowment 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: $0
For more financial information, click here
What is the mission statement of Safer Corporate Endowment?
Safer Corporate Endowment's mission is to support and facilitate the activities of the Safer Foundation, a non-profit organization. The primary goal is to provide opportunities for individuals with criminal records to reintegrate into society and become productive citizens. This is achieved through various means, such as providing rental space for Safer Foundation's activities, investing in and offering affordable housing, and offering grants for Safer Foundation's programs. The endowment aims to support the Safer Foundation in its mission to empower individuals with criminal records to lead fulfilling lives.
What is the revenue of Safer Corporate Endowment?
Safer Corporate Endowment's revenue in 2024 was $2,942,777.
Who are the executives of Safer Corporate Endowment and what are their salaries?
There 5 volunteers at Safer Corporate Endowment.
Here are 8 key members and their salaries:
- 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: $271,198
- Other: $46,006
- Compensation: $0
- Related: $430,570
- Other: $43,090
- Compensation: $0
- Related: $188,805
- Other: $0
Where can I find the form 990 for Safer Corporate Endowment?
Safer Corporate Endowment's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Safer Corporate Endowment
The Safer Corporate Endowment is a supporting entity that aims to assist the Safer Foundation, a tax-exempt organization dedicated to offering opportunities for individuals with arrest and conviction records to reintegrate into society and become productive citizens. The Safer Corporate Endowment accomplishes this mission by providing building space at market rental rates for the Safer Foundation, thereby enabling it to carry out its activities effectively. Furthermore, the Safer Corporate Endowment invests in and offers affordable housing units to support the communities and clients of the Safer Foundation. Additionally, the endowment grants funds for various Safer Foundation programs, thus contributing significantly to its mission of transforming individuals with criminal records into responsible community members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Safer Corporate Endowment significantly impacts individuals with arrest and conviction records by facilitating their reintegration into society. By providing essential support and facilities for the Safer Foundation, the endowment enhances opportunities for these individuals to become productive citizens.
This includes renting spaces for necessary programming and supporting the Safer Foundation’s initiatives aimed at employment readiness and skill development. Furthermore, by investing in affordable housing units, the endowment helps create stable living conditions for clients, ultimately fostering a sense of community and belonging. Grants for various Safer programs also enable sustained engagement and support, addressing barriers faced by those with criminal histories.
Overall, the Safer Corporate Endowment plays a crucial role in creating a supportive environment that empowers individuals to rebuild their lives and contribute positively to their communities.
This information is meant to be a general summary of Safer Corporate Endowment. 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: $303,407
- Program Service Revenue: $1,777,310
- Gross Receipts: $3,655,998
Assets and Liabilities:
- Total Assets: $14,775,725
- Total Liabilities: $4,998,759
- Net Assets: $9,776,966
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,777,310
Organization Details
Founding Year
1983
Principal Officer
Don Goens
NTEE Category
Code: Z99Z - Unknown
If you are a representative of Safer Corporate Endowment and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.