Overview
What is City Fund?
City Fund is a nonprofit organization dedicated to improving public education outcomes for local children in the United States, with a particular focus on low-income and disadvantaged kids. Based on the provided information, the organization invests in and supports city-based nonprofits through three core ways: advising, funding, and convening. In the advisory role, City Fund offers guidance and coaching to leaders of nonprofits striving to enhance public school outcomes. These organizations focus on creating new high-quality public schools, developing educator talent pipelines, engaging communities, and advocating for education policy improvements. City Fund's funding arm provides financial support to nonprofits concentrating on public school development and growth. Through strategic investments, City Fund empowers the most effective organizations working on the creation and expansion of high-performing public schools and educational programs for disadvantaged children. Lastly, City Fund convenes city-based education nonprofit leaders and stakeholders to facilitate peer-to-peer learning. These events bring together various stakeholders, allowing them to share approaches and insights on improving public education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
City Fund has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This high score indicates that the organization demonstrates a commitment to transparency and effective financial management. The evaluation is based entirely on accountability and finance metrics, showcasing the organization's focus on maintaining strong governance and ethical practices.
Strengths of City Fund include a fully independent board, rigorous oversight mechanisms, and high program expense and fundraising efficiency ratios, which suggest that the majority of funds are directed toward its mission rather than administrative costs. The organization has no reported conflicts of interest and adheres to policies for whistleblower protection and document retention, further enhancing its reputation for accountability.
However, while the organization has strong financial practices, the single beacon score does not provide a comprehensive view of its overall impact or effectiveness in the community. Potential donors may want to consider additional factors beyond financial metrics when evaluating the organization’s broader mission and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is City Fund legitimate?
City Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. City 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: $1,028,185
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,232,106
For more financial information, click here
What is the mission statement of City Fund?
The City Fund is dedicated to supporting city-based non-profit organizations in their efforts to improve public education outcomes for local children. Its mission is to increase the number of high-performing public schools and invest in the development of new, quality schools and educational programming for disadvantaged children. The City Fund provides advisory support to key leadership organizations, strategic funding to effective and promising organizations, and facilitates peer-to-peer learning among city-based education nonprofit leaders and stakeholders. By uniting those working to improve outcomes for low-income and other disadvantaged children, the City Fund aims to share best practices and new insights, ultimately contributing to the creation of better educational opportunities for children in need.
Who is the CEO of City Fund?
John Arnold is the Chair of City Fund.
What is the revenue of City Fund?
City Fund's revenue in 2022 was $115,823,271.
Who are the executives of City Fund and what are their salaries?
There 4 volunteers at City Fund.
Here are 11 key members and their salaries:
- Compensation: $526,490
- Related: $27,710
- Other: $42,911
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $407,740
- Related: $21,460
- Other: $59,934
- Compensation: $397,844
- Related: $20,939
- Other: $70,504
- Compensation: $407,740
- Related: $21,460
- Other: $48,061
- Compensation: $397,844
- Related: $20,939
- Other: $57,411
- Compensation: $398,984
- Related: $20,999
- Other: $31,937
- Compensation: $397,844
- Related: $20,939
- Other: $31,564
Where can I find the form 990 for City Fund?
City Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of City Fund
City Fund is a philanthropic organization dedicated to supporting city-based non-profit groups in their efforts to enhance public education outcomes for local children. By investing in these organizations, City Fund aims to increase the number of high-performing public schools in cities and improve overall education results for disadvantaged children.
City Fund's mission is multifaceted. It not only provides financial support to non-profit organizations, but also offers advisory services and convenes influential stakeholders in the education sector. In the realm of advising, City Fund assists city-based non-profit organizations that are taking a leading role in creating new, high-quality public schools and developing educator talent pipelines. This guidance helps these organizations build strong foundations and effectively engage their communities to foster educational improvements.
Furthermore, City Fund furnishes funding to non-profit organizations that are focused on improving public schools and creating affiliated educational programming for disadvantaged children. Through strategic grantmaking, City Fund invests in the most effective and high-impact organizations, ensuring that their efforts yield positive results in the development and growth of high-quality public schools.
Lastly, City Fund convenes city-based education non-profit leaders and other key stakeholders, bringing them together to learn from one another and share best practices in various communities of practice. These events provide valuable opportunities for non-profit leaders, funders, and other stakeholders to discuss different approaches to improving public education and collaborate on new insights, ultimately strengthening the collective impact on disadvantaged children.
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Impact
October, 2024
City Fund has a significant impact on improving public education outcomes for local children, particularly those from minority and low-income backgrounds. By focusing on city-based nonprofit organizations, City Fund helps to address systemic challenges in the educational system that currently leave many children without viable pathways to success.
Through its three core strategies—advising, funding, and convening—City Fund actively supports the development of high-quality public schools and educational programs. By providing tailored advising and coaching, City Fund empowers leaders of city-based organizations to effectively invest in the creation of new schools and enhance educator talent pipelines.
In addition, through strategic funding, City Fund makes grants to effective organizations, ensuring that resources are directed towards initiatives that have a proven or promising impact on improving educational outcomes. This financial support plays a crucial role in developing and sustaining high-performing schools that can better serve disadvantaged children.
City Fund also fosters collaboration within the education community by convening leaders and stakeholders for peer-to-peer learning opportunities. These meetings facilitate the exchange of best practices, innovative approaches, and new insights, ultimately creating a united front dedicated to bettering the educational landscape for underserved populations.
Overall, City Fund’s efforts are aimed at transforming educational opportunities, thereby enhancing the life prospects of children in urban areas and contributing to the long-term wellbeing of communities.
This information is meant to be a general summary of City 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: $52,438
- Gross Receipts: $115,823,271
Assets and Liabilities:
- Total Assets: $118,722,969
- Total Liabilities: $28,458,901
- Net Assets: $90,264,068
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Organization Details
Founding Year
2018
Phone
(202) 922-5879Principal Officer
John Arnold
Main Address
9450 SW GEMINI DRIVE PMB 28552, BEAVERTON, OR, 970087105
NTEE Category
Code: T30 - Philanthropy
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