Overview
What is Black United Fund Of Illinois Inc?
The Black United Fund of Illinois Inc, located at 1809 EAST 71ST STREET 200, Chicago, IL 60649, is a nonprofit organization committed to enhancing the local community's quality of life. They achieve this by offering funding, technical assistance, and support services to various nonprofit agencies and programs. Their mission is to promote self-help initiatives at the grassroots level, aiming to uplift the community as a whole. With a team of 202 dedicated individuals, they contribute to the betterment of the community by providing necessary support to nonprofits, thereby empowering them to bring about positive change.
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star rating
The Black United Fund of Illinois Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score reflects a strong commitment to transparency, with an impressive 100% of its board members being independent, which ensures unbiased governance. Its financial statements are audited, and there are no material diversions of assets reported, showcasing a reliable financial management structure.
The charity exhibits a high program expense ratio of 88.86%, demonstrating that a significant portion of its funds is allocated directly to programs and services rather than administrative costs. This is a positive sign indicating the organization’s focus on its mission and effective use of donations. Additionally, the liabilities to assets ratio of 36.32% suggests a manageable level of debt, further reinforcing its financial health.
While the overall rating is commendable, there is always room for improvement in areas such as donor engagement and community feedback, which could enhance its visibility and effectiveness. Continued focus on these aspects will be vital for maintaining trust and expanding its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Black United Fund Of Illinois Inc legitimate?
Black United Fund Of Illinois Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Black United Fund Of Illinois Inc 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: $124,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,477,340
For more financial information, click here
What is the mission statement of Black United Fund Of Illinois Inc?
The Black United Fund of Illinois Inc. is committed to enhancing community living by relying on self-help at the local level. They accomplish this by offering funding, technical assistance, and support services to various nonprofit agencies and programs. Their mission is aimed at uplifting the quality of life in the community, thereby empowering local organizations to make a significant impact.
Who is the CEO of Black United Fund Of Illinois Inc?
Carolyn Day is the Executive Dir. of Black United Fund Of Illinois Inc.
What is the revenue of Black United Fund Of Illinois Inc?
Black United Fund Of Illinois Inc's revenue in 2022 was $2,762,346.
Who are the executives of Black United Fund Of Illinois Inc and what are their salaries?
The average compensation at Black United Fund Of Illinois Inc during 2022 was $7,930. There are 202 employees at Black United Fund Of Illinois Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Black United Fund Of Illinois Inc?
Black United Fund Of Illinois Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Black United Fund Of Illinois Inc
The Black United Fund of Illinois Inc is an organization dedicated to enhancing the quality of life within local communities. They achieve this goal by relying on self-help initiatives. This nonprofit provides essential funding, technical assistance, and support services to various nonprofit agencies and programs. By doing so, they aim to empower these organizations to make a significant impact in their respective communities. The Black United Fund of Illinois Inc serves as a catalyst for change, fostering growth and development within the local community through its funding and support services.
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Impact
October, 2024
The Black United Fund of Illinois Inc significantly impacts communities by enhancing the quality of life through self-help initiatives. By providing funding, technical assistance, and support services, it empowers local agencies and programs to thrive and address the specific needs of the community. This focus on self-reliance fosters growth and resilience, enabling individuals and groups to create positive change from within. Through dedicated efforts in philanthropy, the organization strengthens community ties and drives social progress in Chicago and beyond.
This information is meant to be a general summary of Black United Fund Of Illinois Inc. 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: $674
- Program Service Revenue: $45,654
- Gross Receipts: $2,839,332
Assets and Liabilities:
- Total Assets: $1,325,633
- Total Liabilities: $481,528
- Net Assets: $844,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fiscal Management Fees
Revenue
$45,654
Organization Details
Phone
(773) 324-0494Principal Officer
Carolyn Day
Main Address
1809 EAST 71ST STREET 200, CHICAGO, IL, 60649
NTEE Category
Code: T00 - Philanthropy
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