Strengthens Illinois's social impact sector by providing nonprofits and foundations with essential financial, accounting, administrative, and consulting services to help them achieve their missions.
Strengthens Illinois's social impact sector by providing nonprofits and foundations with essential financial, accounting, administrative, and consulting services to help them achieve their missions.
For fiscal year 2023 it reported $22.6M in revenue, $10.0M in expenses, and $21.0M in net assets.Pt I
Grants paid & assets · FY2023
Total revenue
$22.6M
Pt VIII · Ln 12
Total expenses
$10.0M
Pt IX · Ln 25
Net assets
$21.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12.6M
Where spending went · Part IX cols B–D
86%
Program services $0.86 Management & general $0.08 Fundraising $0.05
Program efficiency
86%
of spending reaches programs
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+56%
revenue over expenses, this year
Summary of the Filing
Part I · fiscal year 2023 · Form 990
Revenue
$22.6M
FY2023▲ +56%
$22.6M$11.3M$0
FY2020FY2025
Expenses
$10.0M
FY2023▲ +6%
$19.1M$9.5M$0
FY2020FY2025
Total assets
$26.1M
FY2023▲ +178%
$26.1M$13.1M$0
FY2020FY2025
Total liabilities
$5.1M
FY2023▲ +422%
$5.1M$2.6M$0
FY2020FY2025
Total revenue
$22.6M
Pt VIII · Ln 12
Total expenses
$10.0M
Pt IX · Ln 25
Net assets
$21.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12.6M
Total assetsPt X · Ln 16$26.1M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422
Mission & Programs · Part III
Where the work happens
3 program services account for $7.1M of program spending, described in the organization's own filed words · FY2022.
01
Fresh taste is a sponsored project of forefront. It is a staffed funder initiative formed in 2002 by a group of illinois-based foundations and chicago city officials interested in changing how food is produced for, and processed and consumed in the chicago region.
$5.2Mprogram expense
02
Forefront leverages the collective power of philanthropy and nonprofits to improve lives and strengthen communities. Founded in 1974, forefront is the only membership association in illinois for funders and nonprofits of all kinds, as well as their advisors and consultants.
$1.4Mprogram expense
03
Chicago african americans in philanthropy (caaip) is a membership organization committed to achieving racial equity in philanthropy by advocating for investments in black communities and expanding black leadership opportunities in the social sector.
Monique B Jones’s $287K as President, CEO
is at the 66th percentile of top reported officer pay among 658 $10–100M philanthropy & grantmaking nonprofits.
Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
Individual Monique B Jones · Reported title PRESIDENT, CEO · Highest reported compensation $271K · Total expenses $10.0M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.8M · Total expenses $10.0M
28%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
86%
—
—
Overhead ratio
8%
—
—
Fundraising cost ratio
2%
—
—
Revenue growth
56%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
1%
—
—
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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