Overview
What is Choose Chicago Foundation?
Choose Chicago Foundation serves as a promotional entity for the city of Chicago, showcasing its cultural events and artistic scenes to both domestic and international visitors. This nonprofit organization, situated in Chicago, Illinois, aims to stimulate civic, cultural, and economic growth in the city by means of travel and tourism initiatives. By showcasing Chicago's cultural events, the Choose Chicago Foundation aims to improve the community through the economic benefits derived from these events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Choose Chicago Foundation has received a high rating of 94% from Charity Navigator, which signifies a strong commitment to accountability and finance. The rating is derived from various metrics, demonstrating the organization's effective management of resources, including a perfect score on the majority of its governance practices. Such a rating suggests that the foundation is well-structured and operates transparently, which is crucial for donor confidence.
The foundation excels with 100% independent board members and has established robust policies, including conflict of interest and whistleblower protections. This indicates a strong ethical framework within the organization, ensuring that decisions are made without personal bias and with a focus on the mission. The fiscal health of the organization is also impressive, with no liabilities relative to its assets, further showcasing its financial stability.
Despite its strengths, the rating is based solely on financial and accountability indicators, and there may be other aspects of organizational performance or impact that are not captured in this score. However, the high program expense ratio of 94.07% indicates that the majority of funds are directed towards programming rather than administrative costs, which is a positive sign for potential donors looking for effective use of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Choose Chicago Foundation legitimate?
Choose Chicago Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Choose Chicago 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Choose Chicago Foundation?
The Choose Chicago Foundation's mission is to facilitate the civic, cultural, and economic development of a city, assumed to be Chicago, through travel and tourism initiatives. By showcasing the city as a top destination for both domestic and international visitors, the foundation exposes them to a variety of cultural events and arts. These activities aim to stimulate community improvement through the economic vitality of these events. The foundation's objectives include promoting Chicago as a premier tourism destination, providing exposure to its cultural events, and boosting the city's economy through cultural events, thus contributing to its overall growth.
Who is the CEO of Choose Chicago Foundation?
James Meyer is the Ceo of Choose Chicago Foundation. The CEO's salary of Choose Chicago Foundation is $0 and their total compensation is $340,111.
What is the revenue of Choose Chicago Foundation?
Choose Chicago Foundation's revenue in 2022 was $7,748.
Who are the executives of Choose Chicago Foundation and what are their salaries?
Here are 3 key members and their salaries (Choose Chicago Foundation's CEO's salary is $0 and their total compensation is $340,111):
- Compensation: $0
- Related: $317,449
- Other: $22,662
- Compensation: $0
- Related: $295,797
- Other: $16,708
- Compensation: $0
- Related: $110,335
- Other: $9,838
Where can I find the form 990 for Choose Chicago Foundation?
Choose Chicago Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Choose Chicago Foundation
The Choose Chicago Foundation, in its mission, strives to foster the civic, cultural, and economic advancement of Chicago. It achieves this goal through initiatives centered around travel and tourism. By showcasing Chicago as a premier destination for both domestic and international visitors, the foundation exposes the city's rich cultural events and artistic offerings. These activities aim to bring about community improvement through the economic vitality of the city's cultural events. By promoting tourism and cultural experiences, the Choose Chicago Foundation contributes to Chicago's growth and development, enriching the city for all its residents.
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Impact
August, 2024
Choose Chicago Foundation accelerates the civic, cultural, and economic growth of Chicago through travel and tourism initiatives. It showcases the city as a premiere destination for domestic and international visitors, highlighting cultural events and the performing, visual, and public arts scene. By promoting tourism, the foundation aims to boost the economic vitality of the city and improve the community.
This information is meant to be a general summary of Choose Chicago 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.
- Gross Receipts: $7,748
Assets and Liabilities:
- Total Assets: $625,943
- Total Liabilities: $35
- Net Assets: $625,908
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Organization Details
Founding Year
2012
Principal Officer
James Meyer
Main Address
301 EAST CERMAK ROAD, CHICAGO, IL, 60616
NTEE Category
Code: S99 - Community improvement
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