Overview
What is Chicagoland Food Science Foundation Inc?
Chicagoland Food Science Foundation Inc is a nonprofit organization situated in Lombard, Illinois, at 207 W Ash Street. Its primary mission is to foster and promote the careers of future food and beverage industry professionals. They achieve this by implementing scholarship programs in collaboration with the Chicago Section of the Institute of Food Technologists. The foundation's activities are centered around supporting the current and upcoming generations of food industry experts, contributing to the development of this field.
Official website here: www.chicagofoodscience.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Chicagoland Food Science Foundation Inc has received a 76% rating from Charity Navigator, which indicates a solid level of accountability and financial health. This score is primarily based on the organization’s strong performance in accountability and finance, particularly highlighting their complete board independence and a lack of material asset diversion.
The foundation demonstrates a commendable commitment to financial transparency, with a program expense ratio of 87.62%, meaning a significant portion of their resources is directed towards their programs rather than administrative costs. Additionally, the foundation shows effective governance with all board members being independent and a well-sized board consisting of 14 members.
However, the organization has noted some limitations in its governance policies, specifically the absence of a conflict of interest policy and a whistleblower policy, which is a concern for some stakeholders. While they have strong financial practices, enhancing their governance framework could further improve their standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chicagoland Food Science Foundation Inc legitimate?
Chicagoland Food Science Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicagoland Food Science Foundation Inc 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.chicagofoodscience.org/
What is the mission statement of Chicagoland Food Science Foundation Inc?
The Chicagoland Food Science Foundation Inc's mission is centered around fostering and nurturing the current and upcoming professionals in the food and beverage industry. They achieve this by collaborating closely with the Chicago Section of the Institute of Food Technologists and offering scholarship programs. The primary goal is to support these individuals as they pursue degrees relevant to the food industry. The organization's activities are geared towards the development and promotion of skilled professionals in this field.
Official website here: www.chicagofoodscience.org/
Who is the CEO of Chicagoland Food Science Foundation Inc?
Lynnda Nelson is the Director of Chicagoland Food Science Foundation Inc.
Official website here: www.chicagofoodscience.org/
What is the revenue of Chicagoland Food Science Foundation Inc?
Chicagoland Food Science Foundation Inc's revenue in 2022 was $69,141.
Official website here: www.chicagofoodscience.org/
Who are the executives of Chicagoland Food Science Foundation Inc and what are their salaries?
There 20 volunteers at Chicagoland Food Science Foundation Inc.
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Official website here: www.chicagofoodscience.org/
Where can I find the form 990 for Chicagoland Food Science Foundation Inc?
Chicagoland Food Science Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chicagofoodscience.org/
Learn more at the official website: www.chicagofoodscience.org/
Mission Statement of Chicagoland Food Science Foundation Inc
Chicagoland Food Science Foundation Inc is committed to a mission that focuses on nurturing and advancing the careers of the current and future generation of professionals within the food and beverage industry. This nonprofit organization achieves this goal by collaborating closely with the Chicago Section of the Institute of Food Technologists, and through the implementation of scholarship programs. The primary objective of these scholarships is to support students who are pursuing degrees in fields that are highly valued in the food industry. By investing in these future industry leaders, Chicagoland Food Science Foundation Inc is contributing to the ongoing success and innovation within the food and beverage sector.
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Impact
August, 2024
Chicagoland Food Science Foundation Inc's impact lies in developing, promoting, and supporting the current and future generation of professionals in the food and beverage industry. Through their scholarship programs, they are actively encouraging and assisting students working towards degrees valued in the food industry. This organization plays a crucial role in fostering the growth and success of individuals pursuing careers in this field, ultimately contributing to the advancement of the food and beverage industry.
This information is meant to be a general summary of Chicagoland Food Science Foundation Inc. 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: $85
- Gross Receipts: $143,728
Assets and Liabilities:
- Total Assets: $637,575
- Total Liabilities: $86,205
- Net Assets: $551,370
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Organization Details
Founding Year
2015
Phone
(630) 916-4960Principal Officer
Lynnda Nelson
Main Address
207 W ASH STREET, LOMBARD, IL, 60148
Website
www.chicagofoodscience.org/NTEE Category
Code: B82 - Education
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