Overview
What is Impact Grants Chicago?
Impact Grants Chicago is a nonprofit organization that aims to enhance the city of Chicago by engaging and inspiring women to collectively contribute to its betterment. They achieve this by granting funds of $100,000 annually to local Chicago-based nonprofits that are committed to confronting and resolving the challenges the city faces. The organization, based in Chicago, Illinois, acts as a conduit for connecting and empowering women to impact their community positively.
Official website here: www.impactgrantschicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Impact Grants Chicago has garnered a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial management. The organization's overall score is based solely on its outstanding performance in the Accountability & Finance category, where it received a score of 92%. This indicates a very responsible approach to managing funds and resources.
Among its notable strengths, Impact Grants Chicago boasts a fully independent board with 100% independent members, showcasing a commitment to governance and oversight. The organization also excels in its financial disclosures and policies, such as having an active audit and oversight committee, documented board meeting minutes, and a comprehensive conflict of interest policy. With a program expense ratio of 95.17%, it demonstrates a strong focus on spending resources effectively towards its mission.
However, it is important to note that the organization lacks a whistleblower policy, which may be a point for improvement in its governance practices. Despite this limitation, the absence of any material diversion of assets and a favorable liabilities to assets ratio suggests that Impact Grants Chicago is fundamentally sound in its financial practices. Overall, the nonprofit's commitment to transparency and responsible management is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Impact Grants Chicago legitimate?
Impact Grants Chicago is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impact Grants Chicago 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.impactgrantschicago.org
What is the mission statement of Impact Grants Chicago?
Impact Grants Chicago aims to unite and motivate women to enhance their community by collectively awarding substantial grants worth $100,000 to Chicago-based nonprofit organizations. These organizations are committed to tackling the city's pressing issues. By connecting, engaging, and inspiring women, Impact Grants Chicago plays a significant role in supporting these nonprofits, ultimately helping them address the challenges that the community faces.
Official website here: www.impactgrantschicago.org
Who is the CEO of Impact Grants Chicago?
Caryn Gallop is the President of Impact Grants Chicago.
Official website here: www.impactgrantschicago.org
What is the revenue of Impact Grants Chicago?
Impact Grants Chicago's revenue in 2022 was $550,806.
Official website here: www.impactgrantschicago.org
Who are the executives of Impact Grants Chicago and what are their salaries?
There 265 volunteers at Impact Grants Chicago.
Here are 18 key members and their salaries:
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Official website here: www.impactgrantschicago.org
Where can I find the form 990 for Impact Grants Chicago?
Impact Grants Chicago's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.impactgrantschicago.org
Learn more at the official website: www.impactgrantschicago.org
Mission Statement of Impact Grants Chicago
Impact Grants Chicago is an initiative that aims to bring together women, fostering engagement and motivation. Their primary objective is to collectively fund grants worth $100,000 to nonprofit organizations situated in Chicago. These nonprofits are specifically chosen for their dedication to addressing the city's pressing challenges. By partaking in this mission, Impact Grants Chicago strives to inspire and connect women with the goal of improving their community. This collective effort serves as a testament to their commitment to supporting Chicago's nonprofit sector in overcoming the city's difficulties.
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Impact
July, 2024
Impact Grants Chicago's impact can be seen through its collaboration with women to pool resources and collectively fund $100,000 grants for nonprofits dedicated to addressing the challenges facing Chicago. By supporting these organizations, Impact Grants Chicago is making a significant difference in the community by tackling pressing issues and creating lasting change in the city.
This information is meant to be a general summary of Impact Grants Chicago. 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: $56
- Program Service Revenue: $27,250
- Gross Receipts: $550,806
Assets and Liabilities:
- Total Assets: $123,658
- Total Liabilities: $0
- Net Assets: $123,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER EVENTS
Revenue
$27,250
Organization Details
Founding Year
2017
Phone
(800) 445-0626Principal Officer
Caryn Gallop
Main Address
PO Box 578082, CHICAGO, IL, 60657
Website
www.impactgrantschicago.orgNTEE Category
Code: T30 - Philanthropy
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