Overview
What is Illinois Legislative Latino Caucus Foundation?
The Illinois Legislative Latino Caucus Foundation (ILLCF) is a nonprofit organization situated in Chicago, Illinois. With just one employee, they are committed to making a significant impact. Their primary mission involves providing scholarships to high school and college students of Latino origin who are also Illinois residents. This financial aid is intended to support the academic pursuits of individuals from the Latino community. In addition to offering scholarships, ILLCF also sponsors conferences on public policy issues that affect Latinos in Illinois and the nation. By doing so, they engage in open discussions and promote awareness of these pressing matters. Furthermore, they allocate funds for public policy research related to issues impacting Latinos in Illinois and the nation. This comprehensive approach allows ILLCF to contribute to the development of informed policy decisions that directly benefit the Latino community. Their location in Chicago, Illinois, places them at the heart of a diverse community, allowing them to directly engage with and support the individuals they aim to help. By providing scholarships, fostering dialogue, and funding research, ILLCF plays a crucial role in advocating for and uplifting the Latino community in Illinois.
Official website here: www.illcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Illinois Legislative Latino Caucus Foundation has received an overall score of 88%, reflecting a strong commitment to accountability and financial transparency. This rating is based entirely on their performance in the Accountability & Finance category, which highlights their effective management of funds and adherence to ethical standards.
One of the organization's notable strengths is its governance structure, with a fully independent board consisting of 32 members, which garners a perfect score in that area. The foundation also excels in financial oversight, indicated by their strong program expense ratio of 87.11%, demonstrating that a significant portion of their expenses is directed towards their mission-related programs. Additionally, the absence of any material diversion of assets reinforces their financial integrity.
However, the foundation does have some limitations, particularly in governance policies, as it lacks a whistleblower policy and document retention policy. While these shortcomings may not significantly impact their overall performance, they could be areas for improvement to enhance organizational transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Legislative Latino Caucus Foundation legitimate?
Illinois Legislative Latino Caucus Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Legislative Latino Caucus 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: $83,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.illcfoundation.org
What is the mission statement of Illinois Legislative Latino Caucus Foundation?
The Illinois Legislative Latino Caucus Foundation's mission is centered around three key areas. Firstly, it provides scholarships to high school and college students of Latino origin who are also residents of Illinois. Secondly, it sponsors conferences focusing on public policy issues that significantly impact Latinos not only in Illinois but nationwide. Lastly, the foundation funds research on public policy matters that affect the Latino community both in Illinois and across the nation. By executing these activities, the Illinois Legislative Latino Caucus Foundation aims to contribute to the advancement and empowerment of the Latino community in various aspects.
Official website here: www.illcfoundation.org
Who is the CEO of Illinois Legislative Latino Caucus Foundation?
Oswaldo Alvarez is the Director of Illinois Legislative Latino Caucus Foundation.
Official website here: www.illcfoundation.org
What is the revenue of Illinois Legislative Latino Caucus Foundation?
Illinois Legislative Latino Caucus Foundation's revenue in 2022 was $886,669.
Official website here: www.illcfoundation.org
Who are the executives of Illinois Legislative Latino Caucus Foundation and what are their salaries?
The average compensation at Illinois Legislative Latino Caucus Foundation during 2022 was $83,782. There is 1 employee at Illinois Legislative Latino Caucus Foundation.
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Official website here: www.illcfoundation.org
Where can I find the form 990 for Illinois Legislative Latino Caucus Foundation?
Illinois Legislative Latino Caucus Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.illcfoundation.org
Learn more at the official website: www.illcfoundation.org
Mission Statement of Illinois Legislative Latino Caucus Foundation
The Illinois Legislative Latino Caucus Foundation, a notable organization, is dedicated to several significant initiatives. Its primary mission is to offer scholarships to high school and college students of Latin origin who are also residents of Illinois. This financial aid is designed to support the educational aspirations of aspiring Latin leaders.
Beyond scholarships, the Foundation also sponsors conferences on public policy issues that impact Latinos in Illinois and the nation. These events serve as platforms for discussions and brainstorming sessions, fostering a collective understanding and advocacy for the Latin community's concerns.
Furthermore, the Illinois Legislative Latino Caucus Foundation provides funding for public policy research on issues affecting Latinos in Illinois and the nation. This research is instrumental in informing policy decisions and advocacy efforts, ensuring that the voices and needs of the Latin community are heard and addressed effectively.
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Impact
July, 2024
The impact of the Illinois Legislative Latino Caucus Foundation is seen through its provision of scholarships to high school and college students of Latino origin residing in Illinois. By awarding 20 scholarships to college students, the foundation directly supports the educational pursuits and advancement of Latino individuals in the state. Additionally, the foundation's sponsorship of conferences on public policy issues affecting Latinos in Illinois and across the nation facilitates important discussions and awareness on these vital topics. Moreover, the foundation's funding for public policy research on issues impacting Latinos in Illinois and the country contributes to the development of informed policies that can benefit the Latino community. Through these initiatives, the Illinois Legislative Latino Caucus Foundation plays a significant role in promoting education, advocacy, and empowerment within the Latino population in Illinois.
This information is meant to be a general summary of Illinois Legislative Latino Caucus 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: $1,078
- Gross Receipts: $886,669
Assets and Liabilities:
- Total Assets: $1,250,958
- Total Liabilities: $1,648
- Net Assets: $1,249,310
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Organization Details
Founding Year
2002
Phone
(312) 772-1964Principal Officer
Oswaldo Alvarez
Main Address
320 S CANAL ST 3300, CHICAGO, IL, 60606
Website
www.illcfoundation.orgNTEE Category
Code: B82 - Education
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