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Nonprofiteer
← CHICAGO FOUNDATION FOR WOMEN

Form 990 for tax year 2023

Filed by CHICAGO FOUNDATION FOR WOMEN.

Totals

Total revenue
$6,835,065
Total expenses
$5,889,259
Contributions and grants received
$6,124,966
Grants paid
$2,787,515
Program service revenue
$0
Investment income
$789,730
Other revenue
-$79,631
Total assets, end of year
$25,617,006
Total liabilities, end of year
$2,090,039
Net assets or fund balances, end of year
$23,526,967
Program services expenses (Part IX)
$4,517,334
Management and general expenses
$642,029
Fundraising expenses
$729,896
Program service expenses (Part III)
$4,517,334

Program services were 76.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $679,605

  • 1f · All other contributions, gifts and grants

    $5,445,361

  • 1g · Noncash contributions included above

    $242,430

  • 3 · Investment income

    total $710,944 · excluded $710,944

  • 7a · Gross sales of assets other than inventory

    securities $8,564,435

  • 7b · Less cost or other basis and sales expenses

    securities $8,485,649

  • 7c · Gain or loss

    securities $78,786

  • 7d · Net gain or loss

    total $78,786 · excluded $78,786

  • 8a · Fundraising events: gross income

    $101,400

  • 8a · Fundraising events: contributions included on line 1c

    $679,605

  • 8b · Fundraising events: direct expenses

    $181,706

  • 8c · Net income from fundraising events

    total -$80,306 · excluded -$80,306

  • 11a · Other revenue: MISC. REVENUE

    total $675 · related or exempt $675

  • 11e · Other revenue, total

    $675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,787,515 · program services $2,787,515

  • 5 · Compensation of officers, directors and key employees

    total $165,433 · program services $99,679 · management and general $15,319 · fundraising $50,435

  • 7 · Other salaries and wages

    total $1,002,719 · program services $604,172 · management and general $92,848 · fundraising $305,699

  • 8 · Pension plan contributions

    total $33,081 · program services $19,746 · management and general $3,824 · fundraising $9,511

  • 9 · Other employee benefits

    total $148,043 · program services $82,991 · management and general $26,279 · fundraising $38,773

  • 10 · Payroll taxes

    total $86,861 · program services $51,847 · management and general $10,041 · fundraising $24,973

  • 11b · Fees: legal

    total $5 · management and general $5

  • 11c · Fees: accounting

    total $35,500 · management and general $35,500

  • 11f · Fees: investment management

    total $130,120 · management and general $130,120

  • 11g · Fees: other

    total $890,597 · program services $606,339 · management and general $215,743 · fundraising $68,515

  • 13 · Office expenses

    total $102,359 · program services $38,302 · management and general $36,461 · fundraising $27,596

  • 14 · Information technology

    total $109,497 · program services $49,672 · management and general $39,016 · fundraising $20,809

  • 16 · Occupancy

    total $148,465 · program services $88,830 · management and general $16,850 · fundraising $42,785

  • 17 · Travel

    total $4,157 · program services $1,929 · management and general $1,987 · fundraising $241

  • 19 · Conferences, conventions and meetings

    total $30,116 · program services $29,921 · fundraising $195

  • 22 · Depreciation, depletion and amortization

    total $8,734 · management and general $8,734

  • 23 · Insurance

    total $6,150 · management and general $6,150

  • 24a · Other expenses: SPECIAL EVENTS

    total $143,516 · management and general $3,152 · fundraising $140,364

  • 24b · Other expenses: GRANTEE SUPPORT/WORKSHO

    total $33,690 · program services $33,690

  • 24c · Other expenses: GIVING COUNCIL/CIRCLE E

    total $12,596 · program services $12,596

  • 24d · Other expenses: OTHER PROGRAM EXPENSES

    total $10,105 · program services $10,105

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,095,235 · end of year $4,303,472

  • 2 · Savings and temporary cash investments

    beginning of year $610,223

  • 3 · Pledges and grants receivable

    beginning of year $1,363,476 · end of year $821,105

  • 4 · Accounts receivable

    end of year $57,453

  • 9 · Prepaid expenses and deferred charges

    beginning of year $156,794 · end of year $142,313

  • 10a · Land, buildings and equipment: cost or other basis

    $106,300

  • 10b · Land, buildings and equipment: accumulated depreciation

    $85,031

  • 10c · Land, buildings and equipment, net

    beginning of year $23,978 · end of year $21,269

  • 11 · Investments: publicly traded securities

    beginning of year $19,173,758 · end of year $20,087,510

  • 14 · Intangible assets

    beginning of year $300,445

  • 15 · Other assets

    beginning of year $0 · end of year $183,884

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,411 · end of year $93,418

  • 18 · Grants payable

    beginning of year $1,695,600 · end of year $1,647,520

  • 19 · Deferred revenue

    beginning of year $17,500 · end of year $112,972

  • 25 · Other liabilities

    beginning of year $364,441 · end of year $236,129

  • 27 · Net assets without donor restrictions

    beginning of year $4,970,775 · end of year $5,363,436

  • 28 · Net assets with donor restrictions

    beginning of year $16,570,182 · end of year $18,163,531

Mission and programs · 2023

Mission

FOR OVER THIRTY-NINE YEARS, CFW HAS BEEN THE ONLY ORGANIZATION IN THE REGION TO TAKE A COMPREHENSIVE APPROACH TO UNDERSTAND AND ADDRESS THE CHALLENGES AND NEEDS WOMEN AND GIRLS FACE THROUGH EVERY STAGE OF THEIR LIVES WITH A FOCUS ON ECONOMIC SECURITY, FREEDOM FROM VIOLENCE, AND ACCESS TO HEALTHCARE SERVICES AND INFORMATION. CFW WORKS WITH A COMMUNITY OF SOCIALLY-MINDED INVESTORS WHO SHARE OUR PASSION FOR IMPROVING THE LIVES OF WOMEN, GIRLS, TRANS, AND GENDER NON-BINARY PEOPLE AND ENSURES THAT EVERY DOLLAR THEY GIVE ACHIEVES MAXIMUM IMPACT. WE HOLD OURSELVES AND OUR GRANTEES TO A HIGH STANDARD: CONDUCTING RIGOROUS EVALUATION, CAREFUL MONITORING, AND ACHIEVING COMMUNITY-CENTERED RESULTS. CFW ALSO INVESTS IN THE FUTURE OF ORGANIZATIONS THROUGH LEADERSHIP DEVELOPMENT AND BUILDING SUSTAINABLE NONPROFIT INFRASTRUCTURE. AS A RESULT, TWO-THIRDS OF NONPROFITS FOR WHICH CFW WAS THE FIRST INSTITUTIONAL FUNDER ARE STILL THRIVING TEN YEARS AFTER RECEIVING THEIR FIRST CFW GRANT.

Activities or mission (Part I)

CHICAGO FOUNDATION FOR WOMEN (CFW) INVESTS IN WOMEN AND GIRLS AS CATALYSTS, BUILDING STRONG COMMUNITIES FOR ALL. THE FOUNDATION ENVISIONS A WORLD IN WHICH ALL WOMEN, GIRLS, TRANS AND GENDER NON-BINARY INDIVIDUALS HAVE THE OPPORTUNITY TO THRIVE IN SAFE, JUST AND HEALTHY COMMUNITIES.

  • GRANT MAKING: CFW REMAINS AT THE FOREFRONT OF IDENTIFYING THE NEXT CHALLENGES FOR WOMEN, GIRLS, AND GENDER EXPANSIVE INDIVIDUALS WITH DEEP ROOTS IN THE COMMUNITY. IN FISCAL YEAR 2024, WORKING WITH NEARLY 3,000 DONORS AND LOCAL PARTNERS ON THE FRONT LINES, CFW INVESTED A TOTAL OF $2,784,015 THROUGH 184 GRANTS, SUPPORTING 147 ORGANIZATIONS WORKING TO ADVANCE HEALTH, ECONOMIC SECURITY AND SAFETY OF CHICAGO-AREA WOMEN, GIRLS, TRANS AND GENDER NONBINARY INDIVIDUALS.CFW SUPPORTS ORGANIZATIONS AND THEIR LEADERS THROUGHOUT THE GREATER CHICAGO AREA, INCLUDING COOK, LAKE, DUPAGE, WILL, MCHENRY AND KANE COUNTIES. OVER THE PAST YEAR, CFW GRANTS SERVED 315,115 PEOPLE, OF WHICH 224,773 (84%) IDENTIFIED AS WOMEN OR GIRLS.

    Expenses $3,130,089 · Grants $2,787,515

  • CAPACITY BUILDING: CFW INTENTIONALLY COUPLES ITS GRANT MAKING WITH A BROAD RANGE OF HIGH-QUALITY PROGRAMS RANGING FROM BOARD DEVELOPMENT, TO FUNDRAISING TO EXECUTIVE COACHING FOR EMERGING WOMEN LEADERS ON THE FRONTLINES OF THE GENDER EQUITY MOVEMENT. THROUGH THIS WORK, CFW BUILDS THE STRENGTH OF WOMEN-LED ORGANIZATIONS AND ENSURES THAT ORGANIZATIONAL AND LEADERSHIP DEVELOPMENT IS APPLIED WITH A GENDER LENS, PARTICULARLY WHEN ORGANIZATIONAL LEADERS ARE WORKING TO ADDRESS POVERTY AND INEQUITY.CFW'S GIVING COUNCILS AND CIRCLES REPRESENT GROUPS OF ENERGIZED AND DIVERSE PEOPLE WHO HAVE COME TOGETHER AROUND SHARED INTERESTS TO RAISE MONEY AND AWARD GRANTS. CFW HOSTS TWO GIVING COUNCILS AND THREE GIVING CIRCLES.

    Expenses $552,394

  • OUTREACH, ADVOCACY AND COMMUNICATIONS: THANKS TO THE PAST, SUSTAINED SUPPORT OF THESE MOVEMENTS AND THEIR INFRASTRUCTURE, CFW AND OUR PARTNERS HAVE BEEN ABLE TO HARNESS THE OPPORTUNITY TO DRIVE PROGRESSIVE CHANGE. CFW'S INVESTMENT IN COALITIONS, ADVOCACY AND BUILDING THE LEADERSHIP DEVELOPMENT OF ADVOCATES HAS CONTRIBUTED TO MANY PRO-WOMEN, GIRLS AND GENDER EXPANSIVE PEOPLE LEGISLATION. AS A RESULT, ILLINOIS IS INCREASINGLY BECOMING A BASTION FOR WOMEN'S RIGHTS AND PROTECTIONS.

    Expenses $437,460

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $397,391

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • JESSICA SOHL

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • TANYA G DAVIS

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • ANGELA L PUTNAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • ANN MARIE WRIGHT

    IMMED PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NAILA ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOAN BACON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALICIA C L BAILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REBECCA BROKMEIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBORAH B COLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINA CROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAUREN DENSHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA DUNCAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGINA E HEARD-LABONNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRAYA LYNN HIRSCHBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NORMAN B JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN M KUROWSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EMILY LONIGRO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JILL LYONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANITA MITAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GRETCHEN WOLF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUNNY FISCHER

    INTERIM CEO (THRU MAY-24)

    Total calculated
    $32,333
    From this org
    $32,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • FELICIA BLAKLEY

    PRESIDENT & CEO (THRU AUG 2023)

    Total calculated
    $162,115
    From this org
    $151,431
    From related orgs
    $0
    Other
    $10,684
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,431
    Bonus
    $0
    Other
    $0
    Deferred
    $4,543
    Nontaxable benefits
    $6,141
    Filer's total
    $162,115

  • LORA YORK

    SR. PROGRAM OFFICER

    Total calculated
    $131,617
    From this org
    $118,959
    From related orgs
    $0
    Other
    $12,658
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE PERFORMANCE OF THE PRESIDENT. EACH YEAR THE COMPENSATION LEVEL IS BASED ON COMPARATIVE NATIONAL DATABASE INFORMATION, EDUCATION, YEARS OF EXPERIENCE, AND BUDGET RESPONSIBILITY. THE COMPENSATION RECOMMENDATIONS WHICH APPLIED TO THE INTERIM CEO DURING F/Y 2024 WERE SUBMITTED TO AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349304015

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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