Overview
What is Chicago Federation Of Labor Workforce & Community Initiative?
Chicago Federation of Labor Workforce & Community Initiative is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to engage working people and the community at large, aiming to enhance health, income, and education. They substantially fund their services through contributions from the general public and governmental units. The Employer Training Investment Program (ETIP), funded by the Illinois Department of Commerce and Economic Opportunity, is one of their initiatives. ETIP assists Illinois companies in keeping their employees' skills up-to-date with new technologies and business practices by reimbursing a portion of their training costs. With a team of 14 dedicated individuals, this organization is committed to supporting the local community and improving the livelihoods of their constituents.
Official website here: www.cflinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
The Chicago Federation Of Labor Workforce & Community Initiative has received a "Needs Improvement" rating from Charity Navigator, indicating that while the organization shows decent financial accountability, there are significant areas that require attention. With a score of 74%, the nonprofit excels in areas such as financial audits and material asset management, but falls short in governance practices, notably with a low percentage of independent board members and missing critical policies.
The organization has a strong program expense ratio, indicating that a large portion of its funding is directed towards its programs, which is a positive aspect for potential donors. However, the lack of a conflict of interest policy, whistleblower policy, and other governance documents raises concerns regarding overall accountability and transparency. These deficiencies contribute to the overall two-star rating, suggesting that the nonprofit may benefit from enhancing its governance framework to build greater trust and confidence among stakeholders.
In summary, while the Chicago Federation Of Labor Workforce & Community Initiative demonstrates commendable financial management and program effectiveness, it must address its governance shortcomings to improve its standing and effectiveness in the community. Stakeholders may want to consider these factors when deciding to support the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Federation Of Labor Workforce & Community Initiative legitimate?
Chicago Federation Of Labor Workforce & Community Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Federation Of Labor Workforce & Community Initiative 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: $726,662
For more financial information, click here
Official website here: www.cflinitiative.org
What is the mission statement of Chicago Federation Of Labor Workforce & Community Initiative?
The Chicago Federation of Labor Workforce & Community Initiative has a mission to engage working individuals and the community at large, aiming to enhance health, income, and education. Their services are substantially supported through funding from governmental units or direct contributions from the general public. One of their significant programs is the Employer Training Investment Program (ETIP), funded by the Illinois Department of Commerce and Economic Opportunity. This initiative helps keep workers' skills up-to-date with new technologies and business practices, contributing to increased business productivity, reduced costs, improved quality, and enhanced competitiveness. Companies in Illinois can be reimbursed for up to 50% of the cost of training their employees through ETIP grants.
Official website here: www.cflinitiative.org
What is the revenue of Chicago Federation Of Labor Workforce & Community Initiative?
Chicago Federation Of Labor Workforce & Community Initiative's revenue in 2023 was $3,548,922.
Official website here: www.cflinitiative.org
Who are the executives of Chicago Federation Of Labor Workforce & Community Initiative and what are their salaries?
The average compensation at Chicago Federation Of Labor Workforce & Community Initiative during 2023 was $42,745. There are 17 employees at Chicago Federation Of Labor Workforce & Community Initiative.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $310,788
- Other: $92,019
- Compensation: $0
- Related: $213,016
- Other: $72,464
- Compensation: $0
- Related: $5,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cflinitiative.org
Where can I find the form 990 for Chicago Federation Of Labor Workforce & Community Initiative?
Chicago Federation Of Labor Workforce & Community Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cflinitiative.org
Learn more at the official website: www.cflinitiative.org
Mission Statement of Chicago Federation Of Labor Workforce & Community Initiative
The Chicago Federation of Labor Workforce & Community Initiative is committed to engaging working individuals and the community at large with the aim of enhancing health, income, and education. This nonprofit organization achieves its objectives through services that are substantially funded by governmental units or direct contributions from the general public. One of their significant initiatives is the Employer Training Investment Program (ETIP), which is funded by the Illinois Department of Commerce and Economic Opportunity. This program assists Illinois companies in keeping their workers' skills up-to-date with emerging technologies and business practices. By doing so, ETIP grants help businesses increase productivity, reduce costs, improve quality, and boost competitiveness, as they can reimburse up to 50% of the cost of employee training. Overall, the Chicago Federation of Labor Workforce & Community Initiative serves as a catalyst for community development and workforce improvement by providing resources and support to working men and women.
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Impact
October, 2024
The Chicago Federation of Labor Workforce & Community Initiative has a significant impact on improving the welfare of working individuals and their communities in Chicago. By engaging workers and the community, the initiative focuses on enhancing health, income, and education, thereby fostering a holistic approach to workforce development.
One of the key programs, the Employer Training Investment Program (ETIP), plays a critical role in keeping Illinois workers' skills aligned with evolving technologies and business practices. This program provides financial support to employers, allowing them to reimburse up to 50% of training costs for their employees. As a result, businesses can enhance productivity, reduce operational costs, and improve the quality of their services and products. This not only benefits the companies but also ensures that workers remain competitive in the job market, contributing to overall economic stability in the region.
Through its initiatives, the Chicago Federation of Labor Workforce & Community Initiative helps create a skilled workforce that is essential for the growth and competitiveness of local businesses. By investing in employee development and community engagement, the initiative drives positive change that enhances the quality of life for workers and supports a more robust economy in Chicago.
This information is meant to be a general summary of Chicago Federation Of Labor Workforce & Community Initiative. 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.
- Program Service Revenue: $63,163
- Gross Receipts: $3,654,672
Assets and Liabilities:
- Total Assets: $1,174,861
- Total Liabilities: $566,292
- Net Assets: $608,569
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENTS FROM AF
Revenue
$63,163
Organization Details
Founding Year
1994
Principal Officer
Robert G Reiter Jr
Website
www.cflinitiative.orgNTEE Category
Code: J20 - Employment
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