Overview
What is Chicago Public Library Foundation?
The Chicago Public Library Foundation is a nonprofit organization with a mission to strengthen its community by investing in resources that transform lives and enrich communities. Established in 1986 as an independent entity, the foundation bridges the gap between private investment and innovative, community-responsive programming at Chicago Public Library's 81 branches. Through philanthropic resources, they launch and sustain programs that go beyond what is possible with taxpayer dollars, addressing pressing community needs, bridging divides, and fostering innovation. The foundation focuses on three key funding priority areas: closing the academic opportunity gap, activating creativity and connection for all, and bridging the digital divide. Their support enables students and families to access essential resources, such as homework help, literacy development tools, and year-round STEM content, ensuring Chicago's children have the necessary support to succeed in life. The organization is headquartered at 200 W MADISON AVE 3RD FL, CHICAGO, IL, 60606, and employs 13 individuals.
Official website here: www.cplfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Chicago Public Library Foundation (CPLF) has received a Three-Star rating from Charity Navigator, reflecting strong accountability and financial health, particularly notable in leadership adaptability, which scored a perfect 100%. The foundation maintains a majority of independent board members and demonstrates solid financial practices, with no material diversion of assets reported. While its program expense ratio and fundraising efficiency have room for improvement, the overall financial stability indicated by a working capital ratio of 9.16 years is commendable.
User reviews consistently highlight the vital role the CPLF plays in supporting educational programs and community engagement within the Chicago Public Library system. Many reviewers, including teachers and librarians, express gratitude for the foundation's programs that help bridge educational gaps and enhance literacy among children from diverse backgrounds. The initiative to provide new books and computer assistance is particularly appreciated, showcasing the foundation's commitment to making library resources accessible to all Chicagoans.
However, while the feedback is overwhelmingly positive, some users suggest that fundraising efficiency could be enhanced to further maximize the impact of their efforts. Despite this, the foundation's commitment to innovation and community service is evident, with programs that cater to both young readers and adult patrons, reinforcing its importance as a pillar of support for libraries in Chicago. Overall, the Chicago Public Library Foundation is recognized as an essential organization that enriches the cultural and educational fabric of the city.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Chicago Public Library Foundation legitimate?
Chicago Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Public Library 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: $521,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $482,219
For more financial information, click here
Official website here: www.cplfoundation.org
What is the mission statement of Chicago Public Library Foundation?
The Chicago Public Library Foundation's mission is to bolster the potential of public libraries by investing in resources that shape lives and communities. Established in 1986 as an independent nonprofit, the foundation connects private investment with innovative and community-responsive programming. This partnership, leveraging the library's city-wide footprint and commitment to lifelong learning, has facilitated the launch and sustainment of programs across the library's 81 branches. The foundation's investments focus on three priority areas: bridging the academic opportunity gap, activating creativity and connection for all, and overcoming the digital divide. Through these initiatives, the foundation aims to bridge divides, address evolving community needs, and innovate within the field.
Official website here: www.cplfoundation.org
Who is the CEO of Chicago Public Library Foundation?
Brenda Langstraat Bui is the President & Ceo of Chicago Public Library Foundation. The CEO's salary of Chicago Public Library Foundation is $216,300 and their total compensation is $249,934.
Official website here: www.cplfoundation.org
What is the revenue of Chicago Public Library Foundation?
Chicago Public Library Foundation's revenue in 2022 was $4,400,993.
Official website here: www.cplfoundation.org
Who are the executives of Chicago Public Library Foundation and what are their salaries?
The average compensation at Chicago Public Library Foundation during 2022 was $77,207. There are 13 employees and 68 volunteers at Chicago Public Library Foundation.
Here are 71 key members and their salaries (Chicago Public Library Foundation's CEO's salary is $216,300 and their total compensation is $249,934):
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Official website here: www.cplfoundation.org
Where can I find the form 990 for Chicago Public Library Foundation?
Chicago Public Library Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cplfoundation.org
Learn more at the official website: www.cplfoundation.org
Mission Statement of Chicago Public Library Foundation
The Chicago Public Library Foundation, established in 1986, serves as an independent nonprofit organization dedicated to bridging the gap between private investment and innovative, community-responsive programming within the Chicago Public Library's extensive network. This partnership has been instrumental in launching and sustaining various programs across the library's 81 branches. The foundation's mission is centered around leveraging philanthropic resources to surpass what can be achieved with taxpayer dollars, addressing disparities, responding to evolving community needs, and fostering innovation within the field.
In alignment with this vision, the Chicago Public Library Foundation focuses its investments in three key priority areas. First, it seeks to 'Close the Academic Opportunity Gap' by funding programs that aim to level the playing field for underprivileged students, ensuring they have access to educational resources that may not be available through public funding alone.
Second, the foundation promotes 'Activating Creativity & Connection for All' by supporting programs that stimulate creativity, encourage social connections, and foster a sense of community within the library. These initiatives aim to cater to the diverse needs and interests of the library's patrons, thereby enriching their lives and fostering a sense of belonging.
Lastly, the Chicago Public Library Foundation works to 'Bridge the Digital Divide' by funding programs that provide access to digital technology and resources. Recognizing the growing importance of technology in today's world, the foundation believes that ensuring equal access to digital tools is essential for fostering equitable opportunities for learning and growth. By investing in these priority areas, the Chicago Public Library Foundation plays a pivotal role in enhancing the capacity and impact of the Chicago Public Library, ultimately transforming lives and communities.
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Impact
October, 2024
The Chicago Public Library Foundation significantly transforms lives and communities in Chicago by investing in resources that enhance educational opportunities and foster personal development. Many children in the city face challenges that limit their potential, influenced by factors such as neighborhood conditions, school access, and family resources.
By providing free access to homework help, language and literacy development tools, and year-round STEM programs, the foundation ensures that all children, regardless of their circumstances, have the support they need to succeed academically and beyond.
Through public-private partnerships, the foundation enhances the programming available at the city's 81 public library branches, enabling them to serve as vital community hubs. The funding priorities focus on closing the academic opportunity gap, promoting creativity and connection, and bridging the digital divide. These initiatives not only address immediate educational needs but also stimulate long-term growth and innovation within the community, contributing to the collective prosperity of Chicagoans.
This information is meant to be a general summary of Chicago Public Library 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: $778,102
- Gross Receipts: $8,241,149
Assets and Liabilities:
- Total Assets: $33,747,562
- Total Liabilities: $440,075
- Net Assets: $33,307,487
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Organization Details
Founding Year
1986
Phone
(312) 201-9830Principal Officer
Brenda Langstraat Bui
Main Address
200 W MADISON AVE 3RD FL, CHICAGO, IL, 60606
Website
www.cplfoundation.orgNTEE Category
Code: B71I - Education
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