Overview
What is Chicago Community Bond Fund?
The Chicago Community Bond Fund (CCBF) is a nonprofit organization situated in Chicago, Illinois. Its primary objective is to provide financial assistance by paying bonds for individuals charged with crimes in Cook County, Illinois. This fund operates through a revolving system, supporting those from communities unable to afford the bond costs themselves, often due to the effects of structural violence. By offering this financial aid, CCBF preserves the presumption of innocence before trial and allows recipients to remain free while battling their cases. Beyond bond payments, CCBF also engages in public education regarding the role of bond in the criminal legal system and advocates for the elimination of money bond. The organization is dedicated to fostering lasting relationships and working in close collaboration with individuals most affected by criminalization and policing, demonstrating a commitment to community involvement.
Official website here: www.chicagbond.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Chicago Community Bond Fund has achieved an impressive score of 92%, indicating strong performance in accountability and finance. The organization boasts a perfect score in several areas, such as having a fully independent board and maintaining rigorous oversight of its financial statements. The high program expense ratio of 85.33% illustrates that a significant portion of its funds is dedicated to its programs rather than administrative costs.
In addition to its financial strengths, the organization has demonstrated a commitment to community engagement, scoring well on constituent feedback metrics. The data shows that the Chicago Community Bond Fund effectively collects, uses, and practices feedback collection, which is essential for aligning its services with community needs. This level of responsiveness enhances its credibility and connection to those it serves.
However, there are some noted limitations in their equity strategies, where the organization scored lower on the number of data, policies, and processes related to equity. Specifically, the equity data and policies & processes areas received scores of 4 out of 7. This suggests that while the fund is making strides in equity, there is room for improvement in developing comprehensive strategies and processes to address equity more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Community Bond Fund legitimate?
Chicago Community Bond Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Community Bond Fund 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: $722,884
For more financial information, click here
Official website here: www.chicagbond.org
What is the mission statement of Chicago Community Bond Fund?
The Chicago Community Bond Fund (CCBF) operates with a mission to provide financial support for individuals charged with crimes in Cook County, Illinois, who cannot afford their own bail. Utilizing a revolving fund, CCBF aids those impacted by structural violence, enabling them to remain free while awaiting trial and preserving the presumption of innocence. Beyond monetary assistance, CCBF is actively engaged in public education regarding the role of bail in the criminal justice system and advocates for the eventual abolition of money bond. The organization also fosters long-term relationships and organizes with communities directly affected by criminalization and policing.
Official website here: www.chicagbond.org
Who is the CEO of Chicago Community Bond Fund?
Ariana Steele is the Board Chair of Chicago Community Bond Fund.
Official website here: www.chicagbond.org
What is the revenue of Chicago Community Bond Fund?
Chicago Community Bond Fund's revenue in 2022 was $897,686.
Official website here: www.chicagbond.org
Who are the executives of Chicago Community Bond Fund and what are their salaries?
The average compensation at Chicago Community Bond Fund during 2022 was $42,523. There are 17 employees and 25 volunteers at Chicago Community Bond Fund.
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Official website here: www.chicagbond.org
Where can I find the form 990 for Chicago Community Bond Fund?
Chicago Community Bond Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagbond.org
Learn more at the official website: www.chicagbond.org
Mission Statement of Chicago Community Bond Fund
The Chicago Community Bond Fund, or CCBF, is an organization with a mission to support individuals charged with crimes in Cook County, Illinois. Utilizing a revolving fund, CCBF assists individuals from communities that cannot afford to pay their own bonds. These individuals have often been impacted by structural violence. By paying the bond, CCBF restores the presumption of innocence before trial, allowing recipients to remain free while they fight their cases.
Beyond providing financial assistance, CCBF is actively engaged in public education about the role of bond in the criminal legal system. The organization advocates for the abolition of money bond, recognizing its potential to exacerbate inequality and unfairly incarcerate individuals who cannot afford to pay. CCBF's commitment to this cause stems from a desire to build long-term relationships and organize with people most directly impacted by criminalization and policing.
In summary, the Chicago Community Bond Fund's mission is to support individuals in Cook County, Illinois, who cannot afford their own bonds due to structural violence. Through bond payments, public education, and advocacy, CCBF works to restore the presumption of innocence, challenge the systemic issues with money bond, and promote equity in the criminal legal system.
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Impact
July, 2024
Chicago Community Bond Fund's impact includes redefining the concept of presumption of innocence for individuals charged with crimes in Cook County, Illinois. By paying bond for those who cannot afford it, CCBF enables individuals to remain free while navigating the legal process. This not only supports those directly impacted by structural violence but also advocates for the abolition of money bond, thereby challenging the inequities within the criminal legal system. Additionally, through public education and community organizing efforts, CCBF is actively engaging with the community to drive systemic change and build long-term relationships with those most affected by criminalization and policing.
This information is meant to be a general summary of Chicago Community Bond Fund. 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: $3,997
- Program Service Revenue: $1,285
- Gross Receipts: $897,686
Assets and Liabilities:
- Total Assets: $8,216,378
- Total Liabilities: $158,991
- Net Assets: $8,057,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract service fees
Revenue
$1,285
Organization Details
Founding Year
2015
Phone
(844) 363-2663Principal Officer
Ariana Steele
Main Address
601 S California Ave, Chicago, IL, 60612
Website
www.chicagbond.orgNTEE Category
Code: I43 - Crime
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