Overview
What is Illinois Ventures For Community Action?
Illinois Ventures for Community Action serves as a bridge between Illinois Community Action Agencies and the Illinois Department of Commerce and Economic Opportunity, overseeing the operation of Community Services Block Grant "D" Category funds. Their primary mission involves administering a federal Community Services Block Grant (CSBG) low-interest loan program and equity investments, aiming to stimulate job creation. This nonprofit organization, located at 3435 Liberty Drive, Springfield, IL 62704, plays a significant role in supporting community development and economic growth in Illinois.
Is Illinois Ventures For Community Action legitimate?
Illinois Ventures For Community Action is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Ventures For Community Action 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.
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What is the mission statement of Illinois Ventures For Community Action?
Illinois Ventures For Community Action's mission is centered around administering the Federal Community Services Block Grant (CSBG) low-interest loan program and equity investments. Their primary objective is to foster job creation within the community. In this role, Illinois Ventures acts as an intermediary between Illinois Community Action Agencies and the Illinois Department of Commerce and Economic Opportunity, overseeing the operation of CSBG "D" category funds. Their role in providing financial assistance and investments aims to stimulate economic growth and create job opportunities within the community.
Who is the CEO of Illinois Ventures For Community Action?
Gina Strafford-Ahmed is the President of Illinois Ventures For Community Action.
What is the revenue of Illinois Ventures For Community Action?
Illinois Ventures For Community Action's revenue in 2022 was $1,075,695.
Who are the executives of Illinois Ventures For Community Action and what are their salaries?
There 9 volunteers at Illinois Ventures For Community Action.
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Where can I find the form 990 for Illinois Ventures For Community Action?
Illinois Ventures For Community Action's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Illinois Ventures For Community Action
Illinois Ventures For Community Action, as an intermediary, plays a crucial role in administering the Federal Community Services Block Grant (CSBG) low-interest loan program and equity investments. This mission is geared towards fostering job creation within the community. By working closely with Illinois Community Action Agencies and the Illinois Department of Commerce and Economic Opportunity, Illinois Ventures For Community Action manages the operation of CSBG "D" Category funds. This involvement allows the nonprofit to provide essential financial support, encouraging the creation of new job opportunities within the community.
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Impact
October, 2024
Illinois Ventures For Community Action plays a crucial role in job creation through its administration of the Federal Community Services Block Grant (CSBG) low-interest loan program and equity investments. By acting as an intermediary between Illinois Community Action Agencies and the Illinois Department of Commerce and Economic Opportunity, IVCA facilitates access to vital funding that supports economic development initiatives.
This impact is realized through the provision of financial resources that enable community agencies to launch and expand projects aimed at improving local economies. The support helps foster job creation, ultimately enhancing the overall quality of life for residents in Illinois. By focusing on community improvement, Illinois Ventures For Community Action contributes to building stronger, more resilient communities across the state.
This information is meant to be a general summary of Illinois Ventures For Community Action. 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: $21,984
- Gross Receipts: $1,075,695
Assets and Liabilities:
- Total Assets: $6,654,919
- Total Liabilities: $3,540,981
- Net Assets: $3,113,938
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Organization Details
Founding Year
1989
Phone
(217) 522-4553Principal Officer
Gina Strafford-Ahmed
Main Address
3435 LIBERTY DRIVE, SPRINGFIELD, IL, 62704
NTEE Category
Code: S31 - Community improvement
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