Overview
What is Chicago State Foundation?
Chicago State Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 9501 S King Dr, 60628. Its primary goal is to support students, faculty, and programs at Chicago State University. To achieve this, the foundation focuses on cultivating relationships, gathering philanthropic contributions, managing assets, and procuring private funding for the university. They collaborate closely with the university's president to pinpoint strategic priorities, boost public understanding of the university, and generate private support to create enhanced opportunities for its students.
Official website here: www.csu.edu/foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Chicago State Foundation has achieved a remarkable 97% rating from Charity Navigator, which indicates a strong commitment to accountability and financial health. The rating is derived solely from the foundation's accountability and finance score, showcasing the organization's transparency and efficiency in managing resources.
Strengths of the foundation include an entirely independent board composed of 21 members, contributing to high scores in governance. The foundation also demonstrates exceptional financial practices, with a program expense ratio of 96.46%, meaning a significant portion of resources is devoted to programs rather than administrative costs. Additionally, the foundation’s fundraising efficiency is commendable, with a minimal cost to raise a dollar.
There are no notable limitations or concerns reported regarding the foundation’s financial practices or governance, as it has maintained a clean record of asset management and compliance with policies. Overall, the Chicago State Foundation exemplifies a well-managed nonprofit organization with a strong focus on its mission and responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago State Foundation legitimate?
Chicago State Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago State 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.
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Official website here: www.csu.edu/foundation/
What is the mission statement of Chicago State Foundation?
The Chicago State Foundation's mission is centered around advancing the interests and welfare of Chicago State University (CSU). They achieve this by establishing and nurturing relationships, securing philanthropic support, managing resources effectively, and procuring private funds on behalf of the university. Working in tandem with the CSU president, they help identify strategic priorities, boost public awareness for the university, and generate opportunities for students through private funding.
Official website here: www.csu.edu/foundation/
Who is the CEO of Chicago State Foundation?
Melanie Sillas is the Treasurer of Chicago State Foundation.
Official website here: www.csu.edu/foundation/
What is the revenue of Chicago State Foundation?
Chicago State Foundation's revenue in 2022 was $811,445.
Official website here: www.csu.edu/foundation/
Who are the executives of Chicago State Foundation and what are their salaries?
There 50 volunteers at Chicago State Foundation.
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Official website here: www.csu.edu/foundation/
Where can I find the form 990 for Chicago State Foundation?
Chicago State Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csu.edu/foundation/
Learn more at the official website: www.csu.edu/foundation/
Mission Statement of Chicago State Foundation
Chicago State Foundation, a nonprofit organization, is committed to enhancing the interests and well-being of Chicago State University (CSU). By establishing connections and fostering relationships, the foundation works towards securing philanthropic support. This private backing is utilized to manage assets and procure additional resources, all with the aim of supporting CSU's objectives. The foundation collaborates closely with CSU's President, identifying key priorities to raise public awareness about the university and to generate private funding. This support enables the creation of new opportunities for CSU's students, ultimately contributing to the institution's overall growth and development.
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Impact
July, 2024
Chicago State Foundation plays a crucial role in advancing the interest and welfare of Chicago State University by building relationships, securing philanthropic support, and stewarding assets. Working closely with the university's president, the foundation identifies strategic priorities, raises public awareness, and secures private support to create new opportunities for students. Through its mission, the foundation provides support to students, faculty, and programs at Chicago State University, ultimately contributing to the overall success and growth of the institution.
This information is meant to be a general summary of Chicago State 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.
- Investment Income: -$1,129,427
- Program Service Revenue: $269,841
- Gross Receipts: $937,449
Assets and Liabilities:
- Total Assets: $7,912,596
- Total Liabilities: $925,418
- Net Assets: $6,987,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participation fees
Revenue
$94,630
Internal Service Fees
Revenue
$175,211
Organization Details
Founding Year
2015
Phone
(773) 995-5300Principal Officer
Melanie Sillas
Main Address
9501 S King Dr, Chicago, IL, 60628
Website
www.csu.edu/foundation/NTEE Category
Code: B11 - Education
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