Overview
What is Onechicagofund?
Onechicagofund is a nonprofit organization committed to supporting initiatives of the City of Chicago and its affiliated agencies. Its primary objective is to increase community, foundation, and civic engagement with these initiatives, while also offering mechanisms for utilizing resources from various sectors. The fund directs its resources towards areas of significant need, as defined by section 501(c)(3), and engages in activities that align with its purpose. The organization's mission encompasses all activities that are incidental or related to these goals.
Official website here: www.onechi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Onechicagofund has achieved an impressive score of 96%, earning it a Four-Star rating, which reflects a high level of accountability and financial health. This rating is based entirely on its Accountability & Finance score, indicating that the organization adheres to strict standards in these areas, which is essential for donor trust and operational transparency.
The organization demonstrates strong governance, with an independent board comprising eight members and excellent financial oversight. The absence of material diversion of assets and a positive liabilities-to-assets ratio further highlight its sound financial practices. With a program expense ratio of 90.57%, Onechicagofund effectively channels a significant portion of its funding towards its programs, ensuring that most of the contributions directly benefit its mission.
No specific limitations were noted in the data provided, emphasizing the organization's robust operational framework. Overall, Onechicagofund stands out as a well-managed nonprofit that prioritizes accountability and financial integrity, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Onechicagofund legitimate?
Onechicagofund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onechicagofund 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: $432,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,427
For more financial information, click here
Official website here: www.onechi.org
What is the mission statement of Onechicagofund?
OneChicagoFund's mission is to support initiatives that align with its purpose, encouraging community, foundation, and civic involvement. It aims to utilize public, private, and not-for-profit sector resources for these initiatives. The fund directs its resources towards areas of identified need, as defined by section 501(c)(3) of the code. It also engages in various activities related to its purpose, ensuring they are appropriate and consistent with its objectives.
Official website here: www.onechi.org
Who is the CEO of Onechicagofund?
Sarah Pang is the Chairperson And Director of Onechicagofund.
Official website here: www.onechi.org
What is the revenue of Onechicagofund?
Onechicagofund's revenue in 2022 was $707,034.
Official website here: www.onechi.org
Who are the executives of Onechicagofund and what are their salaries?
The average compensation at Onechicagofund during 2022 was $83,177. There are 7 employees and 5 volunteers at Onechicagofund.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $181,482
- Related: $0
- Other: $19,083
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $186,235
- Related: $0
- Other: $14,003
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $125,969
- Related: $0
- Other: $4,787
Official website here: www.onechi.org
Where can I find the form 990 for Onechicagofund?
Onechicagofund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.onechi.org
Learn more at the official website: www.onechi.org
Mission Statement of Onechicagofund
OneChicagoFund, as a nonprofit entity, fulfills its mission by backing initiatives that align with the City of Chicago and its associated agencies, thereby promoting community, foundation, and civic engagement with these endeavors. The fund also works towards creating avenues for the utilization of public, private, and non-profit sector resources in support of these initiatives. OneChicagoFund directs its resources towards areas of significant need, following the guidelines set by section 501(c)(3) of the code. Furthermore, the fund engages in various activities that are consistent with its objectives and are considered appropriate and related to its primary purpose.
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Impact
July, 2024
Onechicagofund's impact is substantial in the realm of community improvement. By supporting initiatives of the City of Chicago and its sister agencies, the fund plays a key role in increasing community, foundation, and civic involvement in projects that address identified needs within the city. Through the utilization of public, private, and not-for-profit sector resources, Onechicagofund is able to direct crucial support towards areas that require attention, all while fostering collaboration and engagement across diverse sectors. This ultimately leads to meaningful improvements in the quality of life for residents of Chicago and contributes to the overall betterment of the community.
This information is meant to be a general summary of Onechicagofund. 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.
- Gross Receipts: $707,034
Assets and Liabilities:
- Total Assets: $886,666
- Total Liabilities: $7,111
- Net Assets: $879,555
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Organization Details
Founding Year
2012
Phone
(312) 894-3455Principal Officer
Sarah Pang
Main Address
4044 N LINCOLN AVE 261, CHICAGO, IL, 60618
Website
www.onechi.orgNTEE Category
Code: S99 - Community improvement
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