Overview
What is Ilitch Charities Inc?
Ilitch Charities Inc, established in Detroit, is a charitable organization committed to supporting children and families. Their mission encompasses three key areas: health, recreation, and education. Through various initiatives, they contribute to programs that cater to these sectors. Notably, their 'Autographs for a Cause' program encourages athletes to support specific charities by offering autographs, with the donations collected going towards the chosen charity. One of their notable projects is the 'Youth Hockey Initiative' and 'Hockey is for Everyone' programs, which aim to make the sport accessible to all children.
Official website here: www.ilitchcharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Ilitch Charities Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity achieved a high score of 84% in this category, demonstrating effective management of its resources. Notably, the organization benefits from an entirely independent board, which is crucial for transparency and governance.
The charity excels in several areas, such as having a low liabilities to assets ratio of 10.91% and a strong program expense ratio of 76.47%. These figures suggest that the majority of its funds are directed toward its programs rather than administrative costs, indicating a commitment to maximizing impact. Additionally, financial oversight through an audit committee appears to be robust.
However, there are notable limitations in Ilitch Charities' policies. The absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy raises concerns about governance practices. Furthermore, the lack of transparency with the tax form not being posted on the nonprofit's website could hinder stakeholder trust. Overall, while the organization shows strong financial accountability, improvements in governance policies are needed for greater transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Ilitch Charities Inc legitimate?
Ilitch Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ilitch Charities Inc 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: $565,373
For more financial information, click here
Official website here: www.ilitchcharities.org
What is the mission statement of Ilitch Charities Inc?
Ilitch Charities Inc is committed to providing support to various children and family programs, focusing on the areas of health, recreation, and education. They achieve this mission by offering numerous programs and initiatives. One such initiative is the Youth Hockey Initiative, which encourages learning, playing, and scoring through hockey. Additionally, they support programs that promote hockey for everyone, reflecting their dedication to inclusive recreational activities. The charity also engages athletes to represent charities of their choice, with any donations from autograph signings going towards the chosen charity. Overall, Ilitch Charities Inc works tirelessly to support children and families through various health, recreational, and educational programs.
Official website here: www.ilitchcharities.org
Who is the CEO of Ilitch Charities Inc?
Stanford Berenbaum is the Chairman And Director of Ilitch Charities Inc.
Official website here: www.ilitchcharities.org
What is the revenue of Ilitch Charities Inc?
Ilitch Charities Inc's revenue in 2022 was $2,448,357.
Official website here: www.ilitchcharities.org
Who are the executives of Ilitch Charities Inc and what are their salaries?
There 1350 volunteers at Ilitch Charities Inc.
Here are 5 key members and their salaries:
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Official website here: www.ilitchcharities.org
Where can I find the form 990 for Ilitch Charities Inc?
Ilitch Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ilitchcharities.org
Learn more at the official website: www.ilitchcharities.org
Mission Statement of Ilitch Charities Inc
Ilitch Charities Inc, a dedicated organization, is committed to supporting children and families in the realms of health, recreation, and education. Their mission is to provide resources and assistance to various programs that fall under these categories. Through their initiatives, they strive to make a positive impact on the lives of children and families, fostering their growth and development.
One of the ways Ilitch Charities Inc accomplishes this is by encouraging athletes to represent charities of their choice. Through programs like 'Autographs for a Cause', donations received from the athletes signing autographs are channeled towards the charity they represent. This innovative approach allows the organization to leverage the influence and popularity of athletes to raise funds for worthy causes.
Moreover, Ilitch Charities Inc supports programs such as the 'Youth Hockey Initiative - Learn, Play, Score/Hockey is for Everyone'. This initiative aims to promote hockey as a sport that is inclusive and accessible to all, regardless of their background or abilities. By providing these types of programs, Ilitch Charities Inc is contributing to the overall well-being of children and families, fostering a sense of community and offering opportunities for personal growth and development.
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Impact
July, 2024
Ilitch Charities Inc's impact includes providing support to children and family programs in the areas of health, recreation, and education. Through initiatives like the Youth hockey initiative and Autographs for a cause, they are actively contributing to youth development in Detroit, MI. By supporting these programs, Ilitch Charities Inc is making a positive impact on the lives of children and families in the community.
This information is meant to be a general summary of Ilitch Charities Inc. 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: $143,255
- Gross Receipts: $4,187,536
Assets and Liabilities:
- Total Assets: $10,995,215
- Total Liabilities: $1,200,629
- Net Assets: $9,794,586
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Organization Details
Founding Year
2000
Phone
(313) 471-6000Principal Officer
Stanford Berenbaum
Main Address
2211 WOODWARD AVENUE, DETROIT, MI, 482013460
Website
www.ilitchcharities.orgNTEE Category
Code: O50 - Youth development
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