Overview
What is Illinois Legislative Black Caucus Foundation?
The Illinois Legislative Black Caucus Foundation is a nonprofit organization situated in Springfield, Illinois. Its primary focus is to examine, discuss, and address issues and conditions impacting the Illinois African-American community. To foster future Black leaders, they established a higher education scholarship program, awarding 60+ scholarships to deserving students in 2018. The organization's mission is to ensure equitable representation of African-Americans' interests.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star Rating
The Illinois Legislative Black Caucus Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The organization has scored 90%, reflecting its effective management of resources and transparency in operations. This high rating is derived entirely from a single beacon score, demonstrating a strong commitment to fiscal responsibility.
Key strengths include an entirely independent board, with 100% of members being independent. The foundation also showcases robust financial practices, as indicated by its high program expense ratio of 89.79%, ensuring that a significant portion of its funds supports its mission. Additionally, the organization has established policies for conflict of interest and whistleblower protections, further underscoring its commitment to ethical governance.
Despite the positive ratings, it is important for potential supporters to remain aware of any broader contextual factors that may impact nonprofit effectiveness. However, based on the available data, the Illinois Legislative Black Caucus Foundation appears to maintain a solid operational framework and is well-positioned to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Legislative Black Caucus Foundation legitimate?
Illinois Legislative Black Caucus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Legislative Black Caucus 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: $75,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Illinois Legislative Black Caucus Foundation?
The Illinois Legislative Black Caucus Foundation aims to ensure equitable representation for African-Americans in various matters. To accomplish this, they serve as a forum for analyzing and discussing issues affecting the Illinois African-American community. Furthermore, they have established an educational scholarship program to identify and support promising future Black leaders in Illinois. In 2018, over 60 scholarships were granted to deserving students through this program.
Who is the CEO of Illinois Legislative Black Caucus Foundation?
Unavailable
What is the revenue of Illinois Legislative Black Caucus Foundation?
Illinois Legislative Black Caucus Foundation's revenue in 2020 was $542,891.
Who are the executives of Illinois Legislative Black Caucus Foundation and what are their salaries?
There 9 volunteers at Illinois Legislative Black Caucus Foundation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Illinois Legislative Black Caucus Foundation?
Illinois Legislative Black Caucus Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Illinois Legislative Black Caucus Foundation
The Illinois Legislative Black Caucus Foundation is dedicated to ensuring that the interests of African-Americans receive equitable representation. As a conference forum, it serves as a platform for the study, examination, and discussion of issues and conditions affecting the Illinois African-American community. In addition to its advocacy role, the foundation also established an higher education scholarship program. This program aims to identify and promote future Black leaders throughout Illinois. In 2018, the foundation awarded over 60 scholarships to deserving students, furthering its mission of representation and empowerment.
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Impact
July, 2024
The Illinois Legislative Black Caucus Foundation's impact is evident in its commitment to ensuring that the interests of African-Americans are represented equitably in Illinois. Through its conference forums, the foundation provides a platform for the study, examination, and discussion of issues and conditions affecting the Illinois African-American community. Additionally, the foundation has taken concrete steps to promote future Black leaders by establishing a higher education scholarship program. In 2018 alone, over 60 scholarships were awarded to deserving students, empowering and supporting the next generation of African-American leaders throughout Illinois. Through these initiatives, the foundation plays a vital role in advancing civil rights and fostering leadership among African-Americans in the state.
This information is meant to be a general summary of Illinois Legislative Black Caucus 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 2020.
- Investment Income: $934
- Gross Receipts: $606,106
Assets and Liabilities:
- Total Assets: $686,185
- Total Liabilities: $1,475
- Net Assets: $684,710
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Organization Details
Founding Year
2001
Main Address
PO BOX 10243, SPRINGFIELD, IL, 627910243
NTEE Category
Code: R30 - Civil rights
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