Overview
What is Illinois Community College System Founda?
The Illinois Community College System Foundation is a nonprofit organization situated in Springfield, Illinois. With a mission to boost the image and resources of the community college system, they aim to support activities that benefit all 48 community colleges in Illinois. Their primary focus includes providing scholarships to students, as well as various programs, services, and general funds. They currently employ a team of four individuals, working diligently to enhance the lives of students and the community college system in Illinois.
Official website here: www.iccsf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Illinois Community College System Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization's overall score is entirely derived from its accountability and finance metrics, where it scored 96%. This high rating indicates effective management of resources, with a majority of independent board members and a robust financial oversight structure in place.
Strengths of the foundation include an excellent program expense ratio of 82.94%, demonstrating that a significant portion of its funds is directed toward its programs and services. Additionally, the organization has implemented comprehensive policies regarding conflict of interest, whistleblowing, and document retention, ensuring transparency and ethical governance. The low liabilities to assets ratio of 22.43% further signifies financial stability, allowing the foundation to focus on its mission without excessive debt obligations.
While the foundation's performance in accountability and finance is commendable, there is limited information regarding its specific programs and outcomes. Future evaluations may benefit from greater transparency around programmatic impact and community engagement, which would provide a fuller picture of the foundation's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Community College System Founda legitimate?
Illinois Community College System Founda is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Community College System Founda 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,446
For more financial information, click here
Official website here: www.iccsf.org
What is the mission statement of Illinois Community College System Founda?
The Illinois Community College System Foundation serves all 48 community colleges in Illinois, providing scholarships, programs, services, and general funds. Its mission is to enhance the image and resources of the community college system by developing supporters and generating positive publicity, thereby supporting activities of benefit to all community colleges in the state. The foundation aims to provide essential support to these educational institutions, thereby contributing to the overall development and success of the community college system in Illinois.
Official website here: www.iccsf.org
Who is the CEO of Illinois Community College System Founda?
John Goetz is the Chair of Illinois Community College System Founda.
Official website here: www.iccsf.org
What is the revenue of Illinois Community College System Founda?
Illinois Community College System Founda's revenue in 2022 was $1,186,279.
Official website here: www.iccsf.org
Who are the executives of Illinois Community College System Founda and what are their salaries?
The average compensation at Illinois Community College System Founda during 2022 was $24,862. There are 4 employees and 10 volunteers at Illinois Community College System Founda.
Here are 9 key members and their salaries:
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- Compensation: $27,500
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Official website here: www.iccsf.org
Where can I find the form 990 for Illinois Community College System Founda?
Illinois Community College System Founda's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iccsf.org
Learn more at the official website: www.iccsf.org
Mission Statement of Illinois Community College System Founda
The Illinois Community College System Foundation, a supporting entity for all 48 community colleges in Illinois, serves a pivotal role in the state. Its mission is multifaceted, encompassing the provision of student scholarships, programs, services, and general funds. This nonprofit organization strives to enhance the image and resources of the community college system by fostering positive public perception and securing support for activities that benefit all community colleges in Illinois. By developing a network of allies and advocates, the Illinois Community College System Foundation works tirelessly to advance the cause of community colleges in the state, ultimately empowering students to pursue their educational goals.
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Impact
October, 2024
The Illinois Community College System Foundation significantly enhances the educational landscape for all 48 community colleges across the state. By providing vital financial support through scholarships, the foundation ensures that students have increased access to education, which can lead to improved career prospects and economic mobility.
Beyond scholarships, the foundation also plays a crucial role in developing programs and services that benefit the entire community college system. By building relationships and fostering favorable public perceptions, it creates a supportive environment that promotes the value and impact of community colleges in Illinois. This commitment to enhancing resources ultimately strengthens the educational offerings and community engagement of these institutions, positioning them as vital contributors to the local and state economy.
This information is meant to be a general summary of Illinois Community College System Founda. 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: $455,849
- Program Service Revenue: $632,515
- Gross Receipts: $4,909,725
Assets and Liabilities:
- Total Assets: $7,891,212
- Total Liabilities: $1,705,703
- Net Assets: $6,185,509
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ICCB INCOME
Revenue
$632,515
Organization Details
Founding Year
1991
Phone
(217) 789-4230Principal Officer
John Goetz
Main Address
401 EAST CAPITOL AVENUE, SPRINGFIELD, IL, 62701
Website
www.iccsf.orgNTEE Category
Code: T31 - Philanthropy
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