Overview
What is Oak Park-River Forest Community Foundation?
The Oak Park-River Forest Community Foundation serves as a central hub for donors, financial advisors, scholarships, and non-profit organizations in Oak Park, River Forest, and surrounding communities. By offering expertise and guidance, it assists donors in exploring and implementing giving options. For non-profits, the foundation provides informative presentations, manages endowment funds, and offers opportunities to apply for grants. Furthermore, it oversees scholarship programs for various fundholders. In the fiscal year 2022, the foundation conducted a comprehensive community needs assessment, involving focus groups with community members and non-profit organizations. Its mission is to unite community members and mobilize resources to foster a racially just society and promote equitable outcomes for residents in Oak Park, River Forest, and surrounding communities.
Official website here: www.oprfcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Oak Park-River Forest Community Foundation has achieved an impressive 99% rating from Charity Navigator, demonstrating exceptional accountability and financial management. With a perfect score of 100% in Accountability & Finance, the foundation showcases strong governance practices, including a fully independent board composed of 14 members. Their financial oversight is robust, as indicated by their excellent scores in areas such as audit and committee performance, material diversion of assets, and maintaining transparent financial statements.
The foundation also excels in program expense efficiency, with 87% of its expenses directed towards programs, and boasts a remarkably low fundraising efficiency cost of just $0.04 per dollar raised. This indicates a commitment to maximizing donor contributions for community impact. Additionally, their working capital ratio of 10.80 years suggests a solid financial cushion, allowing them to sustain their operations and community programs effectively.
While the foundation's culture and community score is lower at 85%, it still reflects a strong commitment to equity strategies. This focus indicates an awareness of community needs and an intention to address equity within their initiatives, although there may be room for further enhancement in this area. Overall, the Oak Park-River Forest Community Foundation stands out as a highly reputable nonprofit, effectively using its resources to benefit the community.
This AI summary has been generated from information found on Charity Navigator.
Is Oak Park-River Forest Community Foundation legitimate?
Oak Park-River Forest Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oak Park-River Forest Community 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: $271,918
Professional Fundraising Fees: $0
Other Salaries and Wages: $307,377
For more financial information, click here
Official website here: www.oprfcf.org
What is the mission statement of Oak Park-River Forest Community Foundation?
The Oak Park-River Forest Community Foundation's mission is to bring together community members to mobilize resources, with the goal of promoting a racially just society and ensuring equitable outcomes for residents in their local communities. They serve as a central resource for donors, financial advisors, non-profit organizations, and scholarship programs, providing expertise and opportunities for giving, informative presentations, and grant management services. In 2022, the foundation conducted a comprehensive community needs assessment, engaging various community members and organizations in focus groups.
Official website here: www.oprfcf.org
Who is the CEO of Oak Park-River Forest Community Foundation?
Antonio Martinez Jr is the CEO of Oak Park-River Forest Community Foundation The CEO's salary of Oak Park-River Forest Community Foundation is $193,679 and their total compensation is $208,323.
Official website here: www.oprfcf.org
What is the revenue of Oak Park-River Forest Community Foundation?
Oak Park-River Forest Community Foundation's revenue in 2024 was $6,119,259.
Official website here: www.oprfcf.org
Who are the executives of Oak Park-River Forest Community Foundation and what are their salaries?
The average compensation at Oak Park-River Forest Community Foundation during 2024 was $72,412. There are 8 employees and 30 volunteers at Oak Park-River Forest Community Foundation.
Here are 17 key members and their salaries (Oak Park-River Forest Community Foundation's CEO's salary is $193,679 and their total compensation is $208,323):
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- Compensation: $193,679
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- Other: $14,644
- Compensation: $78,239
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- Other: $2,946
Official website here: www.oprfcf.org
Where can I find the form 990 for Oak Park-River Forest Community Foundation?
Oak Park-River Forest Community Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.oprfcf.org
Learn more at the official website: www.oprfcf.org
Mission Statement of Oak Park-River Forest Community Foundation
The Oak Park-River Forest Community Foundation is a unifying force that aims to bring together community members to mobilize resources in pursuit of a racially just society and equitable outcomes for residents across Oak Park, River Forest, and surrounding communities. Their mission is to act as a catalyst, uniting various resources to foster a society where racial equity is achieved. By doing so, they strive to enhance the lives of residents in these communities.
The foundation serves as a central resource for donors, financial advisors, non-profit organizations, student scholarship programs, and numerous other entities serving the Oak Park and River Forest communities. They offer valuable expertise and guidance to donors, helping them explore and implement various giving options. For non-profit organizations, the foundation provides informative and topical presentations through their Impact Excellence Program, manages endowment funds, and offers opportunities for grant applications. Additionally, they oversee several scholarship programs for their fundholders.
In their mission to advance racial justice and equity, the Oak Park-River Forest Community Foundation conducts comprehensive community needs assessments. These assessments involve hosting focus groups with community members and non-profit organizations from Oak Park and surrounding areas. Their goal is to identify and address the specific needs of these communities, thereby contributing to a more equitable and just society.
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Impact
October, 2024
The Oak Park-River Forest Community Foundation plays a pivotal role in uniting community members to mobilize resources aimed at achieving a racially just society and equitable outcomes for residents. By serving as a central resource, it effectively connects donors, professional financial advisors, students seeking scholarships, and nonprofit organizations that serve Oak Park, River Forest, and the broader area.
Through its impact excellence program, the foundation provides valuable educational presentations to nonprofits, enhancing their capacity to effectively serve the community. Additionally, it manages endowment funds, facilitating long-term financial stability for several local organizations.
The foundation also oversees scholarship programs for its fundholders, ensuring that educational opportunities are accessible to deserving individuals in the community. Its efforts culminated in a comprehensive community needs assessment in FY22, which involved extensive focus groups comprising community members and nonprofit representatives. This initiative not only identifies pressing local needs but also lays the groundwork for targeted interventions to uplift the community and promote equity. Overall, the foundation significantly enhances the philanthropic landscape while fostering collaboration and resource-sharing among various stakeholders.
This information is meant to be a general summary of Oak Park-River Forest Community 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 2024.
- Investment Income: $1,301,057
- Program Service Revenue: $100,477
- Gross Receipts: $6,119,259
Assets and Liabilities:
- Total Assets: $45,848,497
- Total Liabilities: $166,118
- Net Assets: $45,682,379
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUSTEE FEES
Revenue
$100,477
Organization Details
Founding Year
1958
Principal Officer
Antonio Martinez Jr
Website
www.oprfcf.orgNTEE Category
Code: T31 - Philanthropy
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