Overview
What is Pillars Fund?
Pillars Fund is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to foster better connections between American Muslims and the broader American community. They accomplish this by providing financial support to various nonprofit organizations that highlight the skills and leadership of American Muslims. Through a rigorous evaluation process, Pillars Fund selects around 100 applicants based on factors such as strong financial health, effective leadership, and significant impact on their missions. With a team of 14 dedicated employees, Pillars Fund aims to improve the communities served by these nonprofit organizations.
Official website here: www.pillarsfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Pillars Fund has received an impressive Four-Star rating from Charity Navigator, primarily based on its strong performance in Accountability & Finance. This high score reflects the organization’s commitment to transparency and effective financial management, with a notable 95% rating in this category. The organization exhibits exceptional governance, with 88% of its board members being independent, ensuring diverse oversight and decision-making.
The financial health of Pillars Fund is also commendable, with a program expense ratio of 74.42%, indicating that a significant majority of its funding goes directly towards its programs. Additionally, the organization demonstrates efficient fundraising practices with a low cost of fundraising, which enhances its overall financial stability. The working capital ratio suggests that it has a robust reserve of funds, ensuring sustainability for future operations.
While the data reflects strong accountability and financial practices, it is essential for potential donors and stakeholders to stay informed about the organization's ongoing impact and program effectiveness. Overall, Pillars Fund appears to be a well-managed nonprofit with a solid foundation for achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pillars Fund legitimate?
Pillars Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pillars 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: $209,997
Professional Fundraising Fees: $0
Other Salaries and Wages: $912,612
For more financial information, click here
Official website here: www.pillarsfund.org
What is the mission statement of Pillars Fund?
The Pillars Fund, an organization dedicated to fostering relationships between American Muslims and the broader community, strategically supports nonprofit organizations. These organizations are chosen based on their ability to amplify the talents and leadership of American Muslims, ultimately aiming to enhance the communities they serve. Through their community grantmaking fund, Pillars Fund provides financial assistance to these organizations, considering factors such as strong financial health, effective leadership, and impactful mission delivery.
Official website here: www.pillarsfund.org
Who is the CEO of Pillars Fund?
Kashif Shaikh is the Executive Dir. of Pillars Fund.
Official website here: www.pillarsfund.org
What is the revenue of Pillars Fund?
Pillars Fund's revenue in 2022 was $3,855,611.
Official website here: www.pillarsfund.org
Who are the executives of Pillars Fund and what are their salaries?
The average compensation at Pillars Fund during 2022 was $80,186. There are 14 employees and 8 volunteers at Pillars Fund.
Here are 9 key members and their salaries:
- Compensation: $209,997
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- Other: $0
Official website here: www.pillarsfund.org
Where can I find the form 990 for Pillars Fund?
Pillars Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pillarsfund.org
Learn more at the official website: www.pillarsfund.org
Mission Statement of Pillars Fund
Pillars Fund, as a philanthropic organization, has a mission to foster stronger connections between American Muslims and the broader American society. They achieve this by strategically supporting nonprofit organizations that showcase the abilities and leadership of American Muslims, ultimately aiming to enhance the communities they serve. Pillars Fund's grantmaking process is meticulous, with their Signature Program evaluating over 100 applicant organizations based on various factors such as strong financial statements, effective leadership, and notable impacts on their mission. By providing funding to these organizations, Pillars Fund aims to amplify the voices and contributions of American Muslims, ultimately fostering a more inclusive and understanding society.
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Impact
July, 2024
Pillars Fund strategically supports nonprofit organizations that amplify the talents and leadership of American Muslims and improve the communities they serve. Through their community grantmaking fund, Pillars makes grants to a series of nonprofit organizations in the U.S. that are working to amplify the leadership, talents, and narratives of American Muslims. These grants are awarded based on factors like strong financial statements, leadership, and the impact of the mission of the organizations.
By supporting these organizations, Pillars Fund is helping to build stronger relationships between American Muslims and all Americans. Their efforts contribute to creating more inclusive and empowered communities where the talents and leadership of American Muslims are valued and uplifted. Through their work, Pillars Fund is making a positive impact on society by fostering understanding, collaboration, and community development.
This information is meant to be a general summary of Pillars 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: $1,179
- Gross Receipts: $3,855,611
Assets and Liabilities:
- Total Assets: $10,844,911
- Total Liabilities: $216,258
- Net Assets: $10,628,653
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Organization Details
Founding Year
2015
Phone
(312) 574-0077Principal Officer
Kashif Shaikh
Main Address
200 W Madison Flr 3, Chicago, IL, 60606
Website
www.pillarsfund.orgNTEE Category
Code: T12 - Philanthropy
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