Black United Fund of Illinois Inc.

80%

Three-Star Charity

Impact & Measurement

Accountability & Finance

Culture & Community

Leadership & Adaptability

Black United Fund of Illinois Inc.

Is this your nonprofit?

501(c)(3) organization

Donations are tax-deductible

URL not available

1809 E 71ST ST

Chicago IL 60649-2107

773-324-0494

Chicago IL | IRS ruling year: 1986 | EIN: 36-3397908

An EIN is a unique nine-digit number that identifies a business for tax purposes.

Organization Mission

TO IMPROVE THE QUALITY OF LIFE THROUGH RELIANCE ON SELF-HELP AT THE LOCAL COMMUNITY LEVEL. THE BLACK UNITED FUND OF ILLINOIS PROVIDES FUNDING, TECHNICAL ASSISTANCE, ...

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Rating Information

Good

This charity's score is 80%, earning it a Three-Star rating. If this organization aligns with your passions and values, you can give with confidence.

This overall score is calculated entirely from a single beacon score, weighted as follows: 100% Accountability & Finance. Learn more about our criteria and methodology.

Historical Ratings

Accountability & Finance

Score

80

Most Recent Fiscal Year:
FY 2022

This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies.

Learn more

Key Accountability Metrics

Full Credit

Partial Credit

No Credit

Majority Independent Board Members - 100% independent members

8 out of 8 points

Independent Board Size - 9 independent members

7 out of 7 points

Financial Statements - Audit

15 out of 15 points

Total Revenue Amount	Expectation to Receive Credit
$2 million or higher and 40% or higher donor support	Expected to complete an audit and have an audit oversight committee
$1 million or higher	Expected to complete an audit
$500,000 - $1 million	Expected to complete an audit, review, or compilation
Less than $500,000	No expectation (removed from scoring methodology)

Material Diversion of Assets - None

10 out of 10 points

Tax Form Disclosures and Policies

Full Credit

Partial Credit

No Credit

Website Listed on Tax Form - Missing

0 out of 2 points

Conflict of Interest Policy - Missing

0 out of 4 points

Whistleblower Policy - Missing

0 out of 4 points

Document Retention and Destruction - Missing

0 out of 4 points

Documents Board Meeting Minutes - No

0 out of 2 points

Website Disclosures

Full Credit

Partial Credit

No Credit

Tax Form Posted on Nonprofit's Website - Missing

0 out of 4 points

Financial Metrics

Full Credit

Partial Credit

No Credit

Liabilities to Assets: Ratio - 36.32%

15 out of 15 points

Program Expense: Ratio - 88.86%

25 out of 25 points

Additional Information

Total Revenue and Expenses - Data Available

Salary of Key Persons - Data Available

IRS Published Data (Business Master File) - Data Available

Data Sources (IRS Forms 990) - Data Available