Overview
What is Community Foundation Of Northern Il?
The Community Foundation of Northern Illinois, abbreviated as CFNIL, is a philanthropic organization based in Rockford, Illinois. Established in 1953, its primary mission is to attract, preserve, and grow an endowment to address the needs of the people in Northern Illinois. CFNIL achieves this by identifying community needs, convening volunteers to advise its board on grant-making decisions, and managing funds in line with donors' intentions. Through its grant-making process, CFNIL supports charitable activities in six focus areas: arts and humanities, education, health, human services, sustainable communities, and youth and families. Education accounts for half of the grant-making made through this program. The foundation also operates various programs, including the Youth Philanthropy Program, Neighborhood Grants Program, and a robust scholarship program. The Youth Philanthropy Program allows high school students to grant funds specifically for youth programs and services in the community. The Neighborhood Grants Program, in partnership with a nonprofit housing advocacy agency, provides grants to neighbor-led and neighborhood-serving projects. CFNIL's scholarship program offers over 100 unique scholarships, reflecting the diversity of its donors and the students it serves. Additionally, CFNIL manages funds designated by donors for specific causes, programs, or organizations. Each year, the foundation calculates the distributable income of these funds and makes grants to the beneficiaries. CFNIL takes pride in consistently and thoroughly stewarding each donor's intent for the benefit of numerous organizations and generations of residents in Northern Illinois.
Official website here: www.cfnil.org
Is Community Foundation Of Northern Il legitimate?
Community Foundation Of Northern Il is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Northern Il 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.
Here are some key statistics you may want to consider:
Executive Compensation: $161,582
Professional Fundraising Fees: $0
Other Salaries and Wages: $579,068
For more financial information, click here
Official website here: www.cfnil.org
What is the mission statement of Community Foundation Of Northern Il?
The Community Foundation of Northern Illinois, often referred to as CFNIL, was established with a mission to serve as a catalyst for philanthropy and a promoter of giving. Its primary goal is to attract, preserve, and grow a charitable endowment for the present and future needs of the community. The organization identifies the community's needs and brings together volunteers to advise its board in making grant-making, investment, and spending policy decisions. Additionally, CFNIL acts as a custodian of funds for various not-for-profit organizations.
Official website here: www.cfnil.org
Who is the CEO of Community Foundation Of Northern Il?
Dan Ross is the Board Member of Community Foundation Of Northern Il.
Official website here: www.cfnil.org
What is the revenue of Community Foundation Of Northern Il?
Community Foundation Of Northern Il's revenue in 2022 was $10,431,365.
Official website here: www.cfnil.org
Who are the executives of Community Foundation Of Northern Il and what are their salaries?
The average compensation at Community Foundation Of Northern Il during 2022 was $52,904. There are 14 employees and 200 volunteers at Community Foundation Of Northern Il.
Here are 19 key members and their salaries:
- Dan Ross (President/Secretary)
- Cheryl Balsam (Board Member) [Trustee/Director]
- Judith Barnard (Board Member) [Trustee/Director]
- Bryan Heidemann (Board Member) [Trustee/Director]
- Edward Clift (Asst Treasurer) [Trustee/Director]
- Russell Dennis (Board Member) [Trustee/Director]
- Derek Dreier (Board Member) [Trustee/Director]
- Sherry Gaumond (Board Member) [Trustee/Director]
- Beth Howard (Board Member) [Trustee/Director]
- John Kehoe (Board Member) [Trustee/Director]
- Becky Kendall (Board Member) [Trustee/Director]
- Kathy Kwiat-Hess (Chairperson) [Trustee/Director]
- Dr Dinesh Pandya (Board Member) [Trustee/Director]
- William Reilly (Board Member) [Trustee/Director]
- Mike Gann (Board Member) [Trustee/Director]
- Karen Schiller (Board Member) [Trustee/Director]
- Stephen Schmeling (Vice Chairperson) [Trustee/Director]
- Dayton Smith Iii (Treasurer) [Trustee/Director]
- M Beth Thacker (Board Member) [Trustee/Director]
Official website here: www.cfnil.org
Where can I find the form 990 for Community Foundation Of Northern Il?
The Community Foundation Of Northern Il’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cfnil.org
Learn more at the official website: www.cfnil.org
Mission Statement of Community Foundation Of Northern Il
The Community Foundation of Northern Illinois, abbreviated as CFNIL, was established with a mission to serve as a catalyst for giving and a promoter of philanthropy. Its primary objective is to attract, preserve, and grow a charitable endowment to meet the present and future needs of the community's people. The foundation identifies these community needs and brings together volunteers to advise its board in making grant-making, investment, and spending policy decisions. Additionally, CFNIL acts as a custodian of funds for various not-for-profit organizations, providing them with a secure place to manage their financial resources. The Community Foundation of Northern Illinois plays a vital role in fostering philanthropy and addressing the evolving needs of its community.
Impact
This information is meant to be a general summary of Community Foundation Of Northern Il. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Foundation of Northern Illinois (CFNIL) has been making a significant impact in the Northern Illinois region since its founding in 1953. The organization has managed over 536 funds established for charitable purposes in 2022, attracting, preserving, and growing an endowment for the needs of the community. This endowment has enabled CFNIL to distribute thousands of grants to benefit the region, responding to various community needs, such as funding the distribution of the polio vaccine and creating safe spaces for children to play.
CFNIL's grant-making process involves convening community volunteers to advise the foundation on decisions consistent with donors' intentions as documented in fund agreements. The foundation focuses on six major areas, including arts & humanities, education, health, human services, sustainable communities, and youth & families. Education comprises half of the grant-making activities, reflecting a strong commitment to supporting educational initiatives in the region.
Moreover, CFNIL administers a robust scholarship program with over 100 unique scholarship funds, catering to students of diverse backgrounds and aspirations. The foundation's Youth Philanthropy Program, In Youth We Trust (IYWT), empowers high school-aged students to review and recommend grants for programs benefiting youth in the community. Additionally, CFNIL's Neighborhood Grants Program, in partnership with NW HomeStart, supports neighbor-led projects that serve the community.
CFNIL's impact extends to honoring donor intent through the careful stewardship of endowed gifts and funds designated for specific causes, programs, or organizations. The foundation's dedication to administering these funds in accordance with donors' charitable intentions ensures ongoing support for numerous organizations and generations of residents in Northern Illinois.
Overall, CFNIL's work as a catalyst for giving and promoter of philanthropy has had a profound impact on improving the quality of life in the Northern Illinois region, thanks to the generosity of its donors and the dedication of its volunteers and staff.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CUSTODIAL FUND MANAGEMENT
Revenue
$122,503
Organization Details
Founding Year
1953
Phone
(815) 962-2110
Principal Officer
Dan Ross
Main Address
946 NORTH SECOND STREET, ROCKFORD, IL, 61107
Website
www.cfnil.org
NTEE Category
Code: T31 - Philanthropy
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