Overview
What is Southern Illinois Community Foundation?
The Southern Illinois Community Foundation is a dedicated nonprofit organization situated in Marion, Illinois. Their primary objective is to stimulate and promote private charitable contributions, aiming to enhance the well-being of communities across the Southern Illinois region. By serving as a bridge between benevolent donors and deserving causes, they strive to establish endowment funds that will sustainably support these worthy initiatives for generations to come. With a team of just four dedicated individuals, the Southern Illinois Community Foundation plays a pivotal role in fostering a culture of philanthropy and ensuring the long-term prosperity of their region.
Official website here: www.sicf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Southern Illinois Community Foundation has achieved a high rating of 96%, reflecting its strong performance in accountability and finance. This rating is significant as it demonstrates the foundation's commitment to transparency and responsible financial practices. With a perfect score in several key areas, including an entirely independent board and effective audit oversight, the foundation showcases its integrity and sound governance.
Strengths of the organization include a high program expense ratio of 89.63%, indicating that a substantial portion of its funds are directed towards its charitable programs rather than administrative costs. Additionally, the foundation has established robust policies for conflict of interest and whistleblower protections, which contribute to a trustworthy operational framework. The oversight committee's ability to ensure no material diversion of assets further enhances the foundation's reliability.
While the data suggests a solid foundation in financial management, users are encouraged to consider the overall impact of the foundation's programs in the community. As with many nonprofits, potential donors and supporters may want to explore the specific initiatives and outcomes associated with their contributions to fully assess the organization's efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Illinois Community Foundation legitimate?
Southern Illinois Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Illinois Community 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,334
For more financial information, click here
Official website here: www.sicf.org
What is the mission statement of Southern Illinois Community Foundation?
The Southern Illinois Community Foundation's mission is centered around promoting private philanthropic giving. Their primary objective is to enhance communities within the Southern Illinois region by linking generous donors with deserving causes. Furthermore, they aim to establish endowment funds that will sustainably support these worthy causes indefinitely. By doing so, the foundation aims to contribute to the betterment and long-term sustainability of the communities they serve.
Official website here: www.sicf.org
Who is the CEO of Southern Illinois Community Foundation?
Byram Fager is the Dir. President of Southern Illinois Community Foundation.
Official website here: www.sicf.org
What is the revenue of Southern Illinois Community Foundation?
Southern Illinois Community Foundation's revenue in 2022 was $1,205,705.
Official website here: www.sicf.org
Who are the executives of Southern Illinois Community Foundation and what are their salaries?
The average compensation at Southern Illinois Community Foundation during 2022 was $21,834. There are 4 employees and 11 volunteers at Southern Illinois Community Foundation.
Here are 9 key members and their salaries:
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- Compensation: $60,000
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Official website here: www.sicf.org
Where can I find the form 990 for Southern Illinois Community Foundation?
Southern Illinois Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sicf.org
Learn more at the official website: www.sicf.org
Mission Statement of Southern Illinois Community Foundation
The Southern Illinois Community Foundation, in its mission, seeks to stimulate and promote private philanthropic contributions with the aim of enhancing the communities within the Southern Illinois region. By acting as a bridge, this organization links generous donors with deserving causes, fostering a culture of giving. Furthermore, the Foundation strives to establish endowment funds that will sustainably support these worthy causes indefinitely, ensuring a lasting impact on the communities they serve.
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Impact
October, 2024
Southern Illinois Community Foundation plays a vital role in enhancing the quality of life across the Southern Illinois region. By fostering and encouraging private philanthropic giving, it connects charitable donors with deserving causes that directly impact local communities. This connection enables meaningful initiatives and projects that address various needs, from education to health, arts, and community development.
Furthermore, the foundation builds endowment funds that ensure sustainable support for these initiatives well into the future. This commitment not only addresses immediate community challenges but also lays the groundwork for long-term improvement and resilience within the region. Through its efforts, Southern Illinois Community Foundation cultivates a culture of giving and cooperation that empowers individuals and organizations to invest in their communities, ultimately creating a brighter future for all residents in Southern Illinois.
This information is meant to be a general summary of Southern Illinois Community 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: $238,160
- Program Service Revenue: $71,663
- Gross Receipts: $1,205,705
Assets and Liabilities:
- Total Assets: $3,075,373
- Total Liabilities: $212,739
- Net Assets: $2,862,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Administration & Management
Revenue
$68,093
Program Services
Revenue
$3,570
Organization Details
Founding Year
2000
Phone
(618) 997-3700Principal Officer
Byram Fager
Main Address
PO Box 1772, Marion, IL, 629597972
Website
www.sicf.orgNTEE Category
Code: T31 - Philanthropy
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