Overview
What is Skills For Chicagoland's Future?
Skills For Chicagoland's Future is a public-private partnership operating as a nonprofit, based in Chicago, Illinois. Their primary mission is to connect unemployed and underemployed individuals, particularly those from disadvantaged communities, with job opportunities by understanding the unique talent needs of their employer network. Skills builds strong relationships with employers, often leveraging government funding for train-to-hire programs and direct placement opportunities for job-ready candidates. Their goal is to increase economic mobility and reduce chronic unemployment in the Chicago area.
Official website here: www.skillsforchicagolandsfuture.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Skills For Chicagoland's Future has received an impressive Four-Star rating from Charity Navigator, indicating a high level of financial accountability and transparency. The organization scored 95% overall, reflecting strong governance practices, including a fully independent board and robust financial oversight mechanisms. With no material diversion of assets and comprehensive policies in place, it demonstrates a commitment to ethical management.
The organization's financial health is also commendable, with a program expense ratio of 81.56%, meaning the majority of its funding goes directly to programs rather than administrative costs. The fundraising efficiency ratio of $0.08 signifies effective fundraising practices, allowing a greater portion of donations to support its mission. The liabilities to assets ratio of 27.88% further suggests that Skills For Chicagoland's Future is maintaining a manageable level of debt compared to its assets.
However, there is a noted limitation with a working capital ratio of 0.42 years, which may suggest potential liquidity issues in the short term. This figure could indicate a need for closer scrutiny regarding the organization’s ability to meet its short-term obligations. Overall, the nonprofit's strong rating and sound governance practices position it favorably in the sector, even as it addresses some challenges in liquidity.
This AI summary has been generated from information found on Charity Navigator.
Is Skills For Chicagoland's Future legitimate?
Skills For Chicagoland's Future is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skills For Chicagoland's Future 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: $556,099
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,081,980
For more financial information, click here
Official website here: www.skillsforchicagolandsfuture.com
What is the mission statement of Skills For Chicagoland's Future?
Skills For Chicagoland's Future, a public-private partnership operating as a nonprofit, is dedicated to addressing the employment needs of both employers and job seekers. Their mission is to create demand-driven solutions, enabling the unemployed and underemployed to rejoin the workforce. This is achieved through a consultative approach, which involves establishing a deep relationship with employers to understand their talent needs. Based on this information, Skills For Chicagoland's Future offers innovative solutions, such as accessing and coordinating government funding for train-to-hire programs and providing direct placement opportunities for job-ready candidates.
Official website here: www.skillsforchicagolandsfuture.com
Who is the CEO of Skills For Chicagoland's Future?
Bridget Altenburg is the President & Ceo of Skills For Chicagoland's Future. The CEO's salary of Skills For Chicagoland's Future is $532,037 and their total compensation is $556,099.
Official website here: www.skillsforchicagolandsfuture.com
What is the revenue of Skills For Chicagoland's Future?
Skills For Chicagoland's Future's revenue in 2022 was $6,395,413.
Official website here: www.skillsforchicagolandsfuture.com
Who are the executives of Skills For Chicagoland's Future and what are their salaries?
The average compensation at Skills For Chicagoland's Future during 2022 was $73,222. There are 77 employees and 7 volunteers at Skills For Chicagoland's Future.
Here are 43 key members and their salaries (Skills For Chicagoland's Future's CEO's salary is $532,037 and their total compensation is $556,099):
- Compensation: $532,037
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- Compensation: $183,000
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- Other: $4,513
- Compensation: $151,270
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- Other: $19,706
- Compensation: $190,000
- Related: $0
- Other: $4,513
Official website here: www.skillsforchicagolandsfuture.com
Where can I find the form 990 for Skills For Chicagoland's Future?
Skills For Chicagoland's Future's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.skillsforchicagolandsfuture.com
Learn more at the official website: www.skillsforchicagolandsfuture.com
Mission Statement of Skills For Chicagoland's Future
Skills For Chicagoland's Future, a public-private partnership operating as a nonprofit organization, is committed to bridging the gap between unemployed and underemployed job seekers and the hiring needs of employers. Their mission is twofold: firstly, they aim to understand the talent needs of employers by cultivating a deep relationship with them. Based on this information, they devise innovative solutions to place qualified candidates into available positions. Secondly, Skills For Chicagoland's Future accesses and coordinates government funding for train-to-hire programs, offering a comprehensive approach to employment. This nonprofit organization's goal is to return unemployed Cook County job seekers to the workforce while simultaneously meeting the hiring needs of employers. Their approach is unique, combining direct placement opportunities for job-ready candidates with government funding, thereby contributing to a more skilled and employed workforce.
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Impact
July, 2024
Skills For Chicagoland's Future has a significant impact on the Chicago community by effectively connecting unemployed and underemployed individuals with quality job opportunities. The organization's innovative approach, which includes direct placements and coordination of government funding for training programs, has helped increase economic mobility and reduce unemployment rates in neighborhoods facing challenges such as disinvestment and chronic joblessness. Skills For Chicagoland's Future plays a crucial role in bridging the gap between job seekers and employers, ultimately creating a more robust and inclusive workforce in the region.
This information is meant to be a general summary of Skills For Chicagoland's Future. 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: $8,024
- Program Service Revenue: $221,184
- Gross Receipts: $6,563,933
Assets and Liabilities:
- Total Assets: $4,306,365
- Total Liabilities: $1,200,660
- Net Assets: $3,105,705
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$221,184
Organization Details
Founding Year
2011
Phone
(312) 906-7200Principal Officer
Bridget Altenburg
Main Address
191 N WACKER DRIVE SUITE 1150, CHICAGO, IL, 60606
NTEE Category
Code: J22 - Employment
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