Overview
What is City Forward Collective Inc?
City Forward Collective Inc, based in Milwaukee, Wisconsin, is a dedicated nonprofit organization focused on improving the city's future and quality of life. They strive to overcome educational inequality by investing strategically in existing high-quality schools, fostering the growth of new schools, and enhancing promising ones. In response to the challenges posed by the COVID-19 pandemic, they provided additional resources and support to schools to aid in their response. With a team of 15 individuals, City Forward Collective Inc is committed to ensuring every child in Milwaukee has the opportunity to attend a top-notch school, thereby contributing to the city's institutions, economy, and overall well-being.
Official website here: www.cityforwardcollective.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
City Forward Collective Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its outstanding performance in accountability and finance. The organization maintains a perfect score of 100, indicating strong financial health and governance practices. This rating is significantly bolstered by its independent board, which consists entirely of 18 members, ensuring that decisions are made with transparency and without conflicts of interest.
The organization's financial metrics are robust, showcasing an efficient use of resources. With a program expense ratio of 81.88%, City Forward Collective ensures that a large portion of its funds is directed toward its mission. Additionally, its fundraising efficiency is commendable, with only $0.11 spent to raise each dollar, highlighting effective fundraising strategies and low operational costs.
No significant limitations were noted in the available data, which reinforces the organization's credibility. With comprehensive policies in place for conflict of interest and whistleblower protections, alongside meticulous financial oversight, City Forward Collective Inc demonstrates a strong commitment to ethical practices and responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is City Forward Collective Inc legitimate?
City Forward Collective Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Forward Collective 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: $196,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $796,109
For more financial information, click here
Official website here: www.cityforwardcollective.org
What is the mission statement of City Forward Collective Inc?
City Forward Collective Inc's mission is centered around securing a prosperous future for communities by addressing educational inequality. Their goal is to ensure that every child has the opportunity to attend a high-quality school. To achieve this, they strategically invest philanthropic dollars, supporting the expansion of existing high-quality schools, incubating new ones, and improving promising ones. In 2021, this also involved providing grants and additional resources to schools to aid in their COVID-19 response.
Official website here: www.cityforwardcollective.org
Who is the CEO of City Forward Collective Inc?
Joseph Gessner is the Co-Chair of City Forward Collective Inc.
Official website here: www.cityforwardcollective.org
What is the revenue of City Forward Collective Inc?
City Forward Collective Inc's revenue in 2022 was $2,212,895.
Official website here: www.cityforwardcollective.org
Who are the executives of City Forward Collective Inc and what are their salaries?
The average compensation at City Forward Collective Inc during 2022 was $66,200. There are 15 employees and 18 volunteers at City Forward Collective Inc.
Here are 21 key members and their salaries:
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- Compensation: $177,144
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- Compensation: $129,820
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- Other: $25,575
Official website here: www.cityforwardcollective.org
Where can I find the form 990 for City Forward Collective Inc?
City Forward Collective Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cityforwardcollective.org
Learn more at the official website: www.cityforwardcollective.org
Mission Statement of City Forward Collective Inc
City Forward Collective Inc, a nonprofit organization, is committed to securing a prosperous future for Milwaukee and its institutions, economy, and quality of life. They achieve this by addressing educational inequity and ensuring every child has the opportunity to attend a high-quality school. Their mission is multifaceted and includes strategically investing philanthropic dollars to expand existing high-quality schools, incubate new ones, and improve promising schools. In 2021, this initiative also extended to providing grants and additional resources and support to schools to assist with their COVID-19 response. City Forward Collective Inc is dedicated to making quality education accessible to all children in Milwaukee, thereby contributing significantly to the city's future.
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Impact
July, 2024
City Forward Collective Inc's impact is felt deeply in the city of Milwaukee, Wisconsin. Through their strategic investments and channeling of philanthropic dollars, they are working towards ending educational inequity and ensuring that every child has the opportunity to attend a high-quality school. By expanding existing high-quality schools, incubating new schools, and improving promising schools, City Forward Collective is making a significant contribution to the future of Milwaukee and its institutions, economy, and quality of life. Additionally, their efforts in providing grants and additional resources to schools to assist with COVID-19 response in 2021 have further showcased their commitment to the well-being of the community and the education of its children.
This information is meant to be a general summary of City Forward Collective 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: $105,027
- Program Service Revenue: $184,510
- Gross Receipts: $2,954,170
Assets and Liabilities:
- Total Assets: $6,717,920
- Total Liabilities: $78,441
- Net Assets: $6,639,479
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$167,204
INTEREST
Revenue
$17,306
Organization Details
Founding Year
1992
Phone
(414) 988-5359Principal Officer
Joseph Gessner
Main Address
700 W VIRGINIA STREET 610, MILWAUKEE, WI, 53204
NTEE Category
Code: B12 - Education
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