Better Business Bureau Report for
Chicago Foundation for Women

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2018



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Charity Contact Information

Name: Chicago Foundation for Women
Address: 1 East Wacker Drive
Suite 1620
  Chicago, IL 60601
Phone: 312-577-2801
Web Address: www.cfw.org
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Better Business Bureau Comments

Year, State Incorporated: 1985, Illinois
Affiliates: None
Stated Purpose: Chicago Foundation for Women invests in women and girls as catalysts, building strong communities for all.

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Evaluation Conclusions

              

The BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight and is unable to verify the organization's compliance with the following 2Standards for Charity Accountability: 1 and 3.
Chicago Foundation for Women (CFW) meets the remaining 18 Standards for Charity Accountability.
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Programs

              

Chicago Foundation for Women is a grantmaking organization, funding programs and agencies that make life better for women and girls in the Chicago area. The Foundation also works on training our grantee partners, assuring their continued success. We also develop leaders in the community through a Board Boot Camp program, and develop women of color as leaders. The Foundation also engages in advocacy around our three issue areas: freedom from violence, access to health care services and information, and economic security.

For the fiscal year ended June 30, 2016, CFW's program expenses were:

  
Grantmaking 2,197,516
Public Policy and Advocacy 494,343
Leadership Development 286,807
Grantee Education and Support 222,399
Total Program Expenses: $3,201,065
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Governance

              

Chief Executive : K. Sujata, President/CEO
Compensation*: 
$179,496

Chair of the Board: Wendy White Eagle
Chair's Profession / Business Affiliation: President, Native Capital Investment, Inc.

Board Size: 28

Paid Staff Size: 14

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements
Fund raising costs were 12% of related contributions. (Related contributions, which totaled $4,071,037, are donations received as a result of fund raising activities.)
CFW incurred joint costs of $32,598 for informational materials and activities that included fund raising materials. Of those costs $16,299 was allocated to program expenses, $9,241 was allocated to fund raising expenses, and $7,058 was allocated to administrative expenses.
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on CFW's audited financial statements for the fiscal year ended June 30, 2016.

Source of Funds  
Contributions and Grants 2,840,960
Special Events 1,183,106
In-Kind Contributions 46,971
Gain on Sale of Asset 35,000
Other Income 12,584
Total Income $4,118,621


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Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 12%  Administrative: 4% 

Total income $4,118,621
Program expenses $3,201,065
Fund raising expenses 477,137
Administrative expenses 163,814
Total expenses $3,842,016
Income in Excess of Expenses 276,605
Beginning net assets 13,451,715
Ending net assets 13,728,320
Total liabilities 327,719
Total assets $14,056,039


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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