Overview
What is Stefani's Children's Foundation?
Stefani's Children's Foundation is a nonprofit organization situated in Chicago, Illinois. They are renowned for organizing an annual charity golf outing, with the net earnings from this event being donated to various charities, primarily focusing on children's welfare. The organization's mission is to support qualified charities through this fundraising initiative. Despite the COVID-19 pandemic, the charity golf outing was not held in 2022.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
Stefani's Children's Foundation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 53% overall, with a notable lack of independent board members and missing key policies such as conflict of interest and whistleblower protections. The absence of a publicly accessible website further contributes to transparency issues.
Despite these concerns, the foundation demonstrates strong program efficiency, with a program expense ratio of 99.42%, indicating that the vast majority of its funds are directed towards its charitable mission. Additionally, the organization displays solid management of its assets with a 0% liabilities to assets ratio, showcasing that it does not have debt issues.
However, the lack of independent oversight and missing governance policies raise questions about the foundation's operational integrity. Potential donors and volunteers are encouraged to consider these factors when assessing the organization's overall effectiveness and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Stefani's Children's Foundation legitimate?
Stefani's Children's Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stefani's Children's 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Stefani's Children's Foundation?
Stefani's Children's Foundation primarily focuses on organizing an annual charity golf outing as a means of fundraising. The net proceeds generated from this event are donated to qualified charities, primarily benefiting children. The organization's mission is to contribute to the betterment of children's lives through these charitable donations. Due to the COVID-19 pandemic, the golf outing was not held in 2022. Despite the interruption, the foundation continues its mission of supporting children-focused charities with the resources available to it.
Who is the CEO of Stefani's Children's Foundation?
Phil Stefani is the President of Stefani's Children's Foundation.
What is the revenue of Stefani's Children's Foundation?
Stefani's Children's Foundation's revenue in 2022 was $1,002.
Who are the executives of Stefani's Children's Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Stefani's Children's Foundation?
Stefani's Children's Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stefani's Children's Foundation
Stefani's Children's Foundation is an organization that dedicates its efforts to supporting charitable causes, primarily benefiting children. They achieve this through an annual fundraising event, specifically a charity golf outing. The proceeds generated from this event are donated to various qualified charities, making a significant impact in the lives of many children. Regrettably, due to the COVID-19 pandemic, the golf outing was not held in 2022. Despite the interruption, Stefani's Children's Foundation continues to uphold its commitment to supporting worthy causes for children, demonstrating their unwavering dedication to making a difference in the lives of young individuals.
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Impact
October, 2024
Stefani's Children's Foundation makes a significant impact by sponsoring an annual charity golf outing, where net proceeds are directed towards various qualified charities that primarily benefit children. Through this initiative, the foundation supports organizations focused on improving the lives of young people, addressing critical needs, and enhancing opportunities for children in the community. Despite the challenges posed by the COVID-19 pandemic, which temporarily halted the event in 2022, the foundation's commitment to its mission remains strong, aiming to bring resources and awareness to important causes affecting children in Chicago and beyond.
This information is meant to be a general summary of Stefani's Children's 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: $2
- Gross Receipts: $1,002
Assets and Liabilities:
- Total Assets: $71,781
- Total Liabilities: $0
- Net Assets: $71,781
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Organization Details
Founding Year
1988
Phone
(312) 275-9000Principal Officer
Phil Stefani
Main Address
640 N LaSalle Dr Suite 590, Chicago, IL, 60654
NTEE Category
Code: I70 - Crime
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