Overview
What is Kids' Chance Inc Of Illinois?
Kids' Chance Inc of Illinois is a nonprofit organization located in Chicago, Illinois. Their main mission is to provide college scholarships to children whose parents have tragically lost their lives or suffered severe injuries in work-related accidents. In 2022, they granted 27 scholarships amounting to $67,500, with the related expenses totaling $145,308. This is the sole program service provided by Kids' Chance of Illinois, demonstrating their commitment to supporting the higher education of these affected children.
Official website here: www.kidschanceofillinois.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
Kids' Chance Inc Of Illinois has received a low rating of 43% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization lacks independent board members, scoring 0 out of 10 points in that area, which raises questions about governance and transparency. While it has a good record in preventing material diversion of assets and maintaining a low liabilities to assets ratio, other governance policies are deficient.
The charity does have some strengths in terms of transparency, as they have listed their website on tax forms and have a conflict of interest policy in place. However, the absence of a whistleblower policy and inadequate document retention guidelines contribute to a poor overall accountability score. Furthermore, their program expense ratio is relatively low at 51.32%, suggesting that a significant portion of funds may not be directed towards their programs, which could impact their effectiveness.
Overall, the combination of a lack of independent oversight and insufficient internal policies suggests that potential donors should exercise caution before contributing to Kids' Chance Inc Of Illinois. Addressing these governance issues would be essential for improving their rating and demonstrating responsible stewardship of donated funds.
This AI summary has been generated from information found on Charity Navigator.
Is Kids' Chance Inc Of Illinois legitimate?
Kids' Chance Inc Of Illinois is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kids' Chance Inc Of Illinois 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.
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Official website here: www.kidschanceofillinois.com
What is the mission statement of Kids' Chance Inc Of Illinois?
Kids' Chance Inc Of Illinois is dedicated to providing financial assistance in the form of college scholarships to children whose parents have suffered fatal or serious injuries in work-related accidents. This non-profit organization aims to alleviate the financial burden of higher education for these children, enabling them to pursue their post-secondary education without undue financial strain. In 2022, Kids' Chance of Illinois awarded 27 scholarships totaling $67,500, with the associated expenses amounting to $145,308. This is the sole program service offered by the organization.
Official website here: www.kidschanceofillinois.com
Who is the CEO of Kids' Chance Inc Of Illinois?
Ellen M Michael is the President of Kids' Chance Inc Of Illinois.
Official website here: www.kidschanceofillinois.com
What is the revenue of Kids' Chance Inc Of Illinois?
Kids' Chance Inc Of Illinois's revenue in 2022 was $191,261.
Official website here: www.kidschanceofillinois.com
Who are the executives of Kids' Chance Inc Of Illinois and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.kidschanceofillinois.com
Where can I find the form 990 for Kids' Chance Inc Of Illinois?
Kids' Chance Inc Of Illinois's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kidschanceofillinois.com
Learn more at the official website: www.kidschanceofillinois.com
Mission Statement of Kids' Chance Inc Of Illinois
Kids' Chance Inc Of Illinois is an organization that dedicates its efforts to a noble cause. Its mission, in simple terms, is to provide financial assistance in the form of college scholarships to children whose parents have suffered fatal or debilitating injuries in workplace accidents. This nonprofit organization understands the financial burden that such tragedies can impose on families and seeks to alleviate some of this burden by funding the post-secondary education of these children. In 2022 alone, Kids' Chance of Illinois awarded 27 such scholarships, totaling $67,500. However, the cost associated with these scholarships was significantly higher, amounting to $145,308. Despite the substantial expenses, the organization remains committed to its mission, demonstrating its unwavering support for the children affected by these work-related accidents.
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Impact
October, 2024
Kids' Chance Inc. of Illinois positively impacts the lives of children who have experienced the trauma of losing a parent or seeing a parent seriously injured in a work-related accident. By awarding college scholarships, the organization provides critical financial support that empowers these young individuals to pursue higher education, fostering their personal and professional growth.
In 2022, Kids' Chance of Illinois awarded 27 scholarships, totaling $67,500, despite having expenses amounting to $145,308. This financial aid not only eases the burden of educational costs but also serves as a beacon of hope for families navigating the aftermath of workplace tragedies. By focusing on youth development, Kids' Chance Inc. of Illinois helps ensure that these children have the opportunity to build a brighter future, helping them to overcome adversity and achieve their academic aspirations.
This information is meant to be a general summary of Kids' Chance Inc Of Illinois. 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: $7
- Gross Receipts: $191,261
Assets and Liabilities:
- Total Assets: $179,183
- Total Liabilities: $0
- Net Assets: $179,183
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Organization Details
Founding Year
2004
Phone
(224) 392-1606Principal Officer
Ellen M Michael
Main Address
2703 W Belmont Ave Ste 1E, Chicago, IL, 60618
Website
www.kidschanceofillinois.comNTEE Category
Code: O50 - Youth development
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