Overview
What is Seize The Future Development Foundation?
The Seize The Future Development Foundation, also known as Invest Aurora, is a nonprofit organization based in Aurora, Illinois, specifically at 43 West Galena Blvd. Established with the aim of contributing to the economic and workforce development of the city, their mission lies in motivating and facilitating the revitalization and development of Aurora, particularly its downtown area. With a dedicated workforce of 10 employees, the Foundation is actively engaged in this endeavor.
Official website here: www.investaurora.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Stars
Seize The Future Development Foundation has achieved a strong overall rating of 92%, signifying a high level of accountability and financial health. The foundation's score is driven entirely by its performance in the Accountability & Finance category, where it excels in various critical metrics. Notably, it has an independent board with 100% independent members, reflecting a commitment to governance and oversight.
The organization demonstrates excellent financial practices, with a program expense ratio of 83.42%, indicating that a significant portion of its funds is allocated directly to its programs. Additionally, it has received top scores for its audit and oversight practices, conflict of interest policy, and whistleblower policy, underscoring its commitment to transparency and ethical operations. The foundation also maintains meticulous documentation, including board meeting minutes.
While the ratings highlight the foundation's strengths, it is essential for potential donors and stakeholders to consider ongoing performance and impact. The available data shows no issues with asset diversion and confirms a healthy liabilities to assets ratio, which supports the organization’s sustainability. Overall, the Seize The Future Development Foundation stands out as a well-managed nonprofit with a strong focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Seize The Future Development Foundation legitimate?
Seize The Future Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seize The Future Development 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: $435,064
For more financial information, click here
Official website here: www.investaurora.org
What is the mission statement of Seize The Future Development Foundation?
The Seize The Future Development Foundation's mission is centered around motivating and facilitating the revitalization and development of a specific urban area. More specifically, their focus is on enhancing and transforming the downtown sector of an unspecified city. This organization plays a significant role in promoting economic and workforce development within the city, contributing to its overall growth and prosperity.
Official website here: www.investaurora.org
Who is the CEO of Seize The Future Development Foundation?
Loretta Daly is the Chairman of Seize The Future Development Foundation.
Official website here: www.investaurora.org
What is the revenue of Seize The Future Development Foundation?
Seize The Future Development Foundation's revenue in 2022 was $1,785,249.
Official website here: www.investaurora.org
Who are the executives of Seize The Future Development Foundation and what are their salaries?
The average compensation at Seize The Future Development Foundation during 2022 was $43,506. There are 10 employees and 20 volunteers at Seize The Future Development Foundation.
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Official website here: www.investaurora.org
Where can I find the form 990 for Seize The Future Development Foundation?
Seize The Future Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.investaurora.org
Learn more at the official website: www.investaurora.org
Mission Statement of Seize The Future Development Foundation
Seize the Future Development Foundation is an organization with a mission to inspire and facilitate the revitalization and development of Aurora and its downtown area. Their primary goal is to contribute to the economic and workforce development of the city of Aurora, aiming to enhance its overall growth and prosperity. By doing so, they aim to revitalize the downtown area, making it a more vibrant and attractive place for both residents and visitors alike.
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Impact
October, 2024
Seize The Future Development Foundation plays a crucial role in the revitalization and economic development of Aurora, Illinois, particularly its downtown area. By focusing on motivating and facilitating development efforts, the foundation directly contributes to the economic and workforce growth of the city. Its initiatives foster community improvement, creating a more vibrant environment that attracts businesses, enhances local talent, and improves the overall quality of life for residents. Through these efforts, the foundation helps to create opportunities for inhabitants and promotes sustainable growth within the community.
This information is meant to be a general summary of Seize The Future Development 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: $26,650
- Program Service Revenue: $35,725
- Gross Receipts: $1,785,249
Assets and Liabilities:
- Total Assets: $2,921,280
- Total Liabilities: $209,379
- Net Assets: $2,711,901
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENT FOR SERVICES
Revenue
$19,125
RETENTION AND PROGRAM SPONSOR
Revenue
$16,600
Organization Details
Founding Year
2005
Phone
(630) 256-3160Principal Officer
Loretta Daly
Main Address
43 WEST GALENA BLVD, AURORA, IL, 60506
Website
www.investaurora.orgNTEE Category
Code: S20 - Community improvement
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