Overview
What is Little Village Community Foundation?
Little Village Community Foundation is a nonprofit organization situated in Chicago, Illinois, specifically at 2501 S Trumbull Avenue, 60623. Their primary mission is to stimulate business growth within the Little Village neighborhood of Chicago. By promoting increased business activity, they aim to contribute positively to the local community's economic development. Currently, the organization is staffed by a team of five dedicated individuals.
Official website here: www.lvcfchicago.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The Little Village Community Foundation has received an 81% rating from Charity Navigator, which translates to a Three-Star rating. This score reflects a strong emphasis on accountability and finance, indicating that the organization effectively manages its resources and adheres to transparency standards. The rating is solely derived from their performance in financial metrics, showcasing a focus on responsible stewardship of funds.
The foundation excelled in several key areas, particularly in governance, with a fully independent board and comprehensive policies related to conflict of interest, whistleblower protections, and document retention. Their program expense ratio is also notable, with 76.25% of their expenses directed towards programs, which suggests a commitment to maximizing impact through their initiatives.
However, while the financial health indicators are robust, the rating does not provide insights into the organization's programmatic effectiveness or the impact of their services on the community they serve. Potential donors may wish to consider this aspect when evaluating the foundation's overall effectiveness and mission alignment.
This AI summary has been generated from information found on Charity Navigator.
Is Little Village Community Foundation legitimate?
Little Village Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Little Village Community 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,699
For more financial information, click here
Official website here: www.lvcfchicago.org
What is the mission statement of Little Village Community Foundation?
The Little Village Community Foundation's mission is centered around fostering an increase in business activity. This organization aims to stimulate business growth and activity within its community, ultimately contributing to its overall development. By promoting business activity, the foundation seeks to enhance the economic vitality of the community, thereby improving its overall well-being.
Official website here: www.lvcfchicago.org
Who is the CEO of Little Village Community Foundation?
Dan Arce is the Director of Little Village Community Foundation.
Official website here: www.lvcfchicago.org
What is the revenue of Little Village Community Foundation?
Little Village Community Foundation's revenue in 2022 was $1,760,950.
Official website here: www.lvcfchicago.org
Who are the executives of Little Village Community Foundation and what are their salaries?
The average compensation at Little Village Community Foundation during 2022 was $44,740. There are 5 employees at Little Village Community Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.lvcfchicago.org
Where can I find the form 990 for Little Village Community Foundation?
Little Village Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lvcfchicago.org
Learn more at the official website: www.lvcfchicago.org
Mission Statement of Little Village Community Foundation
The Little Village Community Foundation, an organization based in Chicago, is committed to fostering an uptick in business activity within the Little Village neighborhood. Their mission is geared towards encouraging and nurturing entrepreneurial endeavors and economic growth within this community. By promoting business activity, the foundation aims to contribute to the overall development and improvement of the Little Village neighborhood.
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Impact
July, 2024
Little Village Community Foundation's impact is focused on promoting increases in business activity in the Little Village neighborhood in Chicago. By supporting local businesses and encouraging economic development, the organization helps create opportunities for job growth and economic stability in the community. This contributes to improving employment prospects and fostering a more vibrant and sustainable local economy.
This information is meant to be a general summary of Little Village Community 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: $451
- Gross Receipts: $1,760,950
Assets and Liabilities:
- Total Assets: $3,615,150
- Total Liabilities: $1,074,579
- Net Assets: $2,540,571
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Organization Details
Principal Officer
Dan Arce
Main Address
2501 S TRUMBULL AVENUE, CHICAGO, IL, 60623
Website
www.lvcfchicago.orgNTEE Category
Code: J20 - Employment
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