Illinois Currency Exchange Charitable Foundation
Info Only
120 S Riverside Pl Ste 1200
Chicago, IL 60606
120 S Riverside Pl Ste 1200
Chicago, IL 60606
Info Only
Standards Legend
- Meets Standards
- Standards Not Met
- Did Not Disclose
- Review In Progress
- Unable to Verify
Conclusion
This organization has not been evaluated in relation to the BBB Standards for Charity Accountability. This report provides readers with background information provided by the organization is not intended to reflect any evaluation conclusion by the BBB.
Purpose
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Stated Purpose
The Illinois Currency Exchange Charitable Foundation's purpose is to create & support educational opportunities that enrich the lives of Illinois children. ICECF was formed in 2010, by the Community Currency Exchange Association of Illinois (CCEA), which represents more than 400 Currency Exchanges in Illinois. CCEA created the Foundation as a way to better focus their community and charitable initiatives, which have always been a part of CCEA’s heritage.
Programs
For more than 70 years, CCEA has supported dozens of nonprofits on both the local and national level. They have supported little league teams, had floats in parades, and raised money for both national and international relief efforts from natural disasters. While the Foundation will continue to support a variety of programs the major focus will be on education.
For the year ended December 31, 2010, Illinois Currency Exchange Charitable Foundation program expenses were:
| Program Expenses | $32,023 |
Governance & Staff
Fundraising
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $9,513, are donations received as a result of fundraising activities.)
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.
Financial
The following information is based on {CHARITY_NAME}'s Unaudited financial statements for the fiscal year ending {FISCAL_YEAR_END}
Breakdown of Expenses
| Total Income | $64,318 |
| Total Expenses: | $33,349 |
| Program Expenses | $32,023 |
| Fundraising Expenses | $251 |
| Administrative Expenses | $1,075 |
| Income in Excess of Expenses | $30,969 |
| Ending Net Assets | $30,969 |
| Total Liabilities | $63,706 |
| Total Assets | $94,675 |
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