Overview
What is Chicago Infrastructure Trust?
Chicago Infrastructure Trust is a nonprofit organization situated in the heart of Chicago, Illinois. Its main objective is to assist the city government and its sister agencies in financing and executing transformative infrastructure projects through alternative means. The organization focuses on energy efficiency initiatives, such as upgrading lighting, windows, and HVAC units, to promote energy independence and sustainability for the city's residents. Additionally, Chicago Infrastructure Trust aims to enhance the quality and reliability of Chicago's outdoor lighting. With a team of 4 dedicated individuals, the trust works tirelessly to contribute to the betterment of the city's infrastructure.
Official website here: www.chicagoinfrastructure.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
The Chicago Infrastructure Trust has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization has a perfect score of 100% for having a majority of independent board members and maintaining a robust set of governance policies, such as conflict of interest and whistleblower protections. With a program expense ratio of 81.63%, it demonstrates a commitment to directing resources towards its mission.
Strengths noted include a transparent governance structure and the absence of any material diversion of assets. The organization effectively manages financial liabilities, boasting a liabilities to assets ratio of 0.00%. Such financial health and transparency are significant indicators of the trustworthiness and sustainability of the Chicago Infrastructure Trust.
While there are no notable limitations reported in the rating, maintaining high standards of accountability and operational efficiency will be essential as the organization continues to grow and address infrastructure needs within Chicago. Overall, this rating positions the Chicago Infrastructure Trust as a reliable entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chicago Infrastructure Trust legitimate?
Chicago Infrastructure Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Infrastructure Trust 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: $37,336
For more financial information, click here
Official website here: www.chicagoinfrastructure.org
What is the mission statement of Chicago Infrastructure Trust?
The Chicago Infrastructure Trust aims to assist the city government and its related agencies in providing alternative financing and project delivery methods for transformative infrastructure projects. Their mission is to explore innovative solutions that can improve the city's infrastructure, promote energy independence, and enhance sustainability. One of their initiatives involves funding energy efficiency projects, such as lighting, windows, and HVAC units, to reduce energy consumption and improve the city's overall energy efficiency. Additionally, they focus on enhancing the quality and reliability of outdoor lighting in Chicago.
Official website here: www.chicagoinfrastructure.org
Who is the CEO of Chicago Infrastructure Trust?
Carl G Lingenfelter is the Principal Officer of Chicago Infrastructure Trust.
Official website here: www.chicagoinfrastructure.org
What is the revenue of Chicago Infrastructure Trust?
Chicago Infrastructure Trust's revenue in 2020 was $2,067.
Official website here: www.chicagoinfrastructure.org
Who are the executives of Chicago Infrastructure Trust and what are their salaries?
The average compensation at Chicago Infrastructure Trust during 2020 was $9,334. There are 4 employees at Chicago Infrastructure Trust.
Here are 6 key members and their salaries:
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Official website here: www.chicagoinfrastructure.org
Where can I find the form 990 for Chicago Infrastructure Trust?
Chicago Infrastructure Trust's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.chicagoinfrastructure.org
Learn more at the official website: www.chicagoinfrastructure.org
Mission Statement of Chicago Infrastructure Trust
Chicago Infrastructure Trust, an organization devoted to assisting the city and its government, aims to provide alternative financing and project delivery methods for transformative infrastructure projects. By doing so, the trust aims to help enhance the city's infrastructure, promoting energy independence and sustainability for its residents. One of the projects under its purview is the Municipal Building Retrofit Project, which focuses on funding energy-efficient initiatives such as lighting, windows, and HVAC units. This project aims to improve the quality and reliability of Chicago's outdoor lighting, contributing to a more sustainable city. By leveraging alternative financing and project delivery options, Chicago Infrastructure Trust seeks to support the city's infrastructure needs, ultimately benefiting its residents.
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Impact
August, 2024
The Chicago Infrastructure Trust's impact is significant in facilitating alternative financing and project delivery options for transformative infrastructure projects in the city of Chicago. By providing funding for energy efficiency projects, such as lighting, windows, and HVAC units, the Trust aims to reduce energy consumption, promote sustainability, and improve the quality and reliability of outdoor lighting in Chicago. This initiative not only benefits the city and its sister agencies but also contributes to energy independence and environmental conservation for the people of Chicago.
This information is meant to be a general summary of Chicago Infrastructure Trust. 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 2020.
- Investment Income: $2,067
- Gross Receipts: $2,067
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2012
Phone
(312) 809-8080Principal Officer
Carl G Lingenfelter
Main Address
35 E WACKER DR, CHICAGO, IL, 60601
NTEE Category
Code: S30 - Community improvement
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