Overview
What is The Commercial Club Foundation?
The Commercial Club Foundation is a nonprofit organization with a mission to enhance the livability, work environment, and business prospects of Chicago. It accomplishes this by funding the activities of The Civic Committee of The Commercial Club of Chicago and its associated entities. These organizations strive to improve Chicago as a whole, contributing to a better quality of life for its residents and businesses. The Foundation's role is to provide financial support for these initiatives, thereby contributing to the overall betterment of the Chicago region.
Official website here: www.commercialclubchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Commercial Club Foundation has received a high rating of 92%, reflecting its strong performance in accountability and finance. The organization boasts a majority of independent board members, which enhances its governance practices. It has demonstrated solid financial health, with a program expense ratio of 96.80%, indicating that a significant portion of its funds is directed towards its charitable programs.
Additionally, the foundation has implemented various policies, such as conflict of interest and whistleblower policies, which contribute to its transparency and ethical standards. The absence of material diversion of assets and loans to/from officers further illustrates its commitment to financial integrity. Its fundraising efficiency is noteworthy, with minimal costs associated with fundraising efforts.
However, the organization has room for improvement regarding board independence, as it only has two independent board members, which may not provide a diverse range of perspectives. Overall, The Commercial Club Foundation demonstrates strong financial practices and governance, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Commercial Club Foundation legitimate?
The Commercial Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Commercial Club 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: $168,565
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,726
For more financial information, click here
Official website here: www.commercialclubchicago.org
What is the mission statement of The Commercial Club Foundation?
The Commercial Club Foundation supports the initiatives of The Civic Committee of The Commercial Club of Chicago and its associated organizations. Their collective mission is to enhance the quality of life, work, and business opportunities in their region, striving to make it a better place for all its inhabitants. The foundation funds various activities that contribute to this objective, helping these organizations carry out their missions effectively. By doing so, they aim to positively impact their community and improve the overall well-being of its residents.
Official website here: www.commercialclubchicago.org
Who is the CEO of The Commercial Club Foundation?
Cordelia C Meyer is the Director/President of The Commercial Club Foundation.
Official website here: www.commercialclubchicago.org
What is the revenue of The Commercial Club Foundation?
The Commercial Club Foundation's revenue in 2023 was $6,183,004.
Official website here: www.commercialclubchicago.org
Who are the executives of The Commercial Club Foundation and what are their salaries?
The average compensation at The Commercial Club Foundation during 2023 was $38,058. There are 5 employees and 4 volunteers at The Commercial Club Foundation.
Here are 8 key members and their salaries:
- Compensation: $6,673
- Related: $327,009
- Other: $29,099
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $57,403
- Related: $516,626
- Other: $75,922
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,645
- Related: $377,961
- Other: $37,292
- Compensation: $17,215
- Related: $154,941
- Other: $37,227
Official website here: www.commercialclubchicago.org
Where can I find the form 990 for The Commercial Club Foundation?
The Commercial Club Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.commercialclubchicago.org
Learn more at the official website: www.commercialclubchicago.org
Mission Statement of The Commercial Club Foundation
The Commercial Club Foundation is an entity dedicated to supporting the activities of The Civic Committee of The Commercial Club of Chicago and its associated organizations. Its mission is centered around enhancing the Chicago region as a desirable place for people to live, work, and conduct business. The foundation accomplishes this by funding the initiatives of these organizations, which are all committed to making significant contributions towards improving the quality of life in the Chicago region. By doing so, The Commercial Club Foundation plays a crucial role in fostering a thriving community where everyone can prosper.
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Impact
October, 2024
The Commercial Club Foundation plays a significant role in enhancing the quality of life in the Chicago region by supporting initiatives that aim to improve community welfare, economic development, and business opportunities. By funding activities for the Civic Committee of the Commercial Club of Chicago and its affiliated organizations, the foundation directly contributes to making Chicago a better place for residents and businesses alike.
Its efforts focus on fostering collaboration among various stakeholders to address pressing challenges in the community, encouraging civic engagement, and driving sustainable development initiatives. This commitment not only promotes a vibrant economy but also supports efforts to enhance the overall living and working environment in the region. Through strategic funding and partnership, The Commercial Club Foundation's impact resonates across Chicago, bolstering community improvements that benefit everyone.
This information is meant to be a general summary of The Commercial Club 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 2023.
- Investment Income: $177,325
- Gross Receipts: $8,915,826
Assets and Liabilities:
- Total Assets: $3,639,028
- Total Liabilities: $258,039
- Net Assets: $3,380,989
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Organization Details
Founding Year
1985
Phone
(312) 853-1200Principal Officer
Cordelia C Meyer
Main Address
21 S CLARK STREET SUITE 4301, CHICAGO, IL, 60603
NTEE Category
Code: S80 - Community improvement
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