Overview
What is Community Foundation Of Northern Il?
The Community Foundation of Northern Illinois, abbreviated as CFNIL, is a philanthropic organization based in Rockford, Illinois. Established in 1953, its primary mission is to attract, preserve, and grow an endowment to address the needs of the people in Northern Illinois. CFNIL achieves this by identifying community needs, convening volunteers to advise its board on grant-making decisions, and managing funds in line with donors' intentions. Through its grant-making process, CFNIL supports charitable activities in six focus areas: arts and humanities, education, health, human services, sustainable communities, and youth and families. Education accounts for half of the grant-making made through this program. The foundation also operates various programs, including the Youth Philanthropy Program, Neighborhood Grants Program, and a robust scholarship program. The Youth Philanthropy Program allows high school students to grant funds specifically for youth programs and services in the community. The Neighborhood Grants Program, in partnership with a nonprofit housing advocacy agency, provides grants to neighbor-led and neighborhood-serving projects. CFNIL's scholarship program offers over 100 unique scholarships, reflecting the diversity of its donors and the students it serves. Additionally, CFNIL manages funds designated by donors for specific causes, programs, or organizations. Each year, the foundation calculates the distributable income of these funds and makes grants to the beneficiaries. CFNIL takes pride in consistently and thoroughly stewarding each donor's intent for the benefit of numerous organizations and generations of residents in Northern Illinois.
Official website here: www.cfnil.org
What are the reviews and ratings of this charity?
**Community Foundation of Northern IL**
**Charity Navigator Rating: 96% (Four-Star out of Four Stars)**
The Community Foundation of Northern Illinois earns an impressive Four-Star rating from Charity Navigator, reflecting its outstanding accountability and financial health. With a remarkable score of 97 in Accountability & Finance, the organization demonstrates strong governance and a commitment to transparency, featuring 100% independent board members and no reported asset diversions. This solid financial standing is further supported by a high program expense ratio of 83.65%, indicating that a significant portion of its funds goes directly toward programs.
In addition to its financial strength, the organization also scores well in Culture & Community with an overall score of 87. It excels in gathering and utilizing feedback, achieving a perfect score in both feedback collection and usage. The implementation of equity strategies, while strong, is an area marked for continued improvement, with an 81 out of 100.
Unfortunately, user reviews from GreatNonprofits could not be fetched. However, the robust ratings and detailed performance indicators suggest that the Community Foundation of Northern IL operates with integrity and dedication to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Foundation Of Northern Il?
100% of reviewers on Facebook recommend the Community Foundation Of Northern Il. Here is a summary of their reviews:
The foundation is praised for its impactful assistance, particularly with grants and educational support. One review highlighted the positive experience of a beneficiary whose daughter received help in securing admission to her preferred college, showcasing the foundation's commitment to fostering educational opportunities.
Overall, the sentiment surrounding this nonprofit is overwhelmingly positive, with users conveying satisfaction and appreciation for the support provided. The Community Foundation Of Northern Il appears to effectively deliver on its mission, making a meaningful difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Community Foundation Of Northern Il legitimate?
Community Foundation Of Northern Il is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Northern Il 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: $161,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $579,068
For more financial information, click here
Official website here: www.cfnil.org
What is the mission statement of Community Foundation Of Northern Il?
The Community Foundation of Northern Illinois, often referred to as CFNIL, was established with a mission to serve as a catalyst for philanthropy and a promoter of giving. Its primary goal is to attract, preserve, and grow a charitable endowment for the present and future needs of the community. The organization identifies the community's needs and brings together volunteers to advise its board in making grant-making, investment, and spending policy decisions. Additionally, CFNIL acts as a custodian of funds for various not-for-profit organizations.
Official website here: www.cfnil.org
Who is the CEO of Community Foundation Of Northern Il?
Dan Ross is the Board Member of Community Foundation Of Northern Il.
Official website here: www.cfnil.org
What is the revenue of Community Foundation Of Northern Il?
Community Foundation Of Northern Il's revenue in 2022 was $10,431,365.
Official website here: www.cfnil.org
Who are the executives of Community Foundation Of Northern Il and what are their salaries?
The average compensation at Community Foundation Of Northern Il during 2022 was $52,904. There are 14 employees and 200 volunteers at Community Foundation Of Northern Il.
Here are 19 key members and their salaries:
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Official website here: www.cfnil.org
Where can I find the form 990 for Community Foundation Of Northern Il?
Community Foundation Of Northern Il's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfnil.org
Learn more at the official website: www.cfnil.org
Mission Statement of Community Foundation Of Northern Il
The Community Foundation of Northern Illinois, abbreviated as CFNIL, was established with a mission to serve as a catalyst for giving and a promoter of philanthropy. Its primary objective is to attract, preserve, and grow a charitable endowment to meet the present and future needs of the community's people. The foundation identifies these community needs and brings together volunteers to advise its board in making grant-making, investment, and spending policy decisions. Additionally, CFNIL acts as a custodian of funds for various not-for-profit organizations, providing them with a secure place to manage their financial resources. The Community Foundation of Northern Illinois plays a vital role in fostering philanthropy and addressing the evolving needs of its community.
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Impact
October, 2024
The Community Foundation of Northern Illinois (CFNIL) plays a vital role in enhancing the quality of life for residents in Northern Illinois by managing a significant endowment that addresses current and future community needs. In 2022, CFNIL managed 536 funds dedicated to various charitable purposes, ensuring prudent investment and a thoughtful spending policy that aligns with donor intent.
CFNIL's impact is evident through its robust grant-making process, which engages community volunteers to assess needs and recommend recipients for funding. This participatory approach has resulted in thousands of grants since the foundation's inception in 1953, responding to critical community needs, such as early efforts to distribute the polio vaccine and creating safe spaces for children.
Focused on six primary areas—arts and humanities, education, health, human services, sustainable communities, and youth and families—CFNIL's grant-making prioritizes education, which represents half of its total funding. The foundation also fosters youth involvement through the In Youth We Trust (IYWT) program, which empowers high school students to create and review grant applications designed to enhance youth services in the community.
CFNIL's scholarship program exemplifies its commitment to education by offering over 100 unique scholarship funds tailored to diverse backgrounds and aspirations. This program includes volunteer-driven selection committees that ensure many voices contribute to the decision-making process.
Moreover, CFNIL administers neighborhood grants in collaboration with local housing advocacy organizations, ensuring that funding reaches community-led initiatives. By respecting donors' intentions and stewarding their contributions, CFNIL consistently supports numerous organizations and generations, reinforcing its role as a catalyst for giving and a promoter of philanthropy across the region.
This information is meant to be a general summary of Community Foundation Of Northern Il. 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: $3,364,662
- Program Service Revenue: $122,503
- Gross Receipts: $16,887,901
Assets and Liabilities:
- Total Assets: $121,014,685
- Total Liabilities: $17,921,224
- Net Assets: $103,093,461
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUSTODIAL FUND MANAGEMENT
Revenue
$122,503
Organization Details
Founding Year
1953
Phone
(815) 962-2110Principal Officer
Dan Ross
Main Address
946 NORTH SECOND STREET, ROCKFORD, IL, 61107
Website
www.cfnil.orgNTEE Category
Code: T31 - Philanthropy
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