Iff

Organization Overview

Iff is located in Chicago, IL. The organization was established in 1990. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Iff employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iff is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Iff generated $81.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $61.0m during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Iff has awarded 241 individual grants totaling $62,366,722. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

IFF LEVERAGES KNOWLEDGE, CAPITAL, AND RESOURCES TO ADVANCE EQUITABLE AND TRANSFORMATIONAL OUTCOMES IN UNDER-RESOURCED COMMUNITIES, GUIDED BY OUR COMMITMENT TO BAN AN INCLUSIVE, ANTI-RACIST AND ANTI-OPPRESSIVE INSTITUTION THAT HONORS COMMUNITIES AS ASSET-RICH AND AS EXPERTS IN THEIR OWN STORIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

CAPITAL SOLUTIONS: THIS PROGRAM MAKES BELOW MARKET LOANS TO NONPROFIT AGENCIES. SINCE 1990, THE TOTAL LOAN VOLUME REACHED OVER $1.3 BILLION WHICH INCLUDES 2,021 LOANS CLOSED THAT HAS LEVERAGED OVER $4 BILLION IN CAPITAL. SINCE 1990, THESE LOANS TO OVER 1085 NONPROFITS HAVE ASSISTED WITH THE RENOVATION OR CONSTRUCTION OF 33.4 MILLION SQUARE FEET AND CREATED 15,573 CHILD CARE SLOTS, 158,323 STUDENT SEATS, 538,288 NEW PATIENTS/VISITS AT HEALTH CARE CLINICS, 15,523 AFFORDABLE AND SUPPORTIVE/SPECIAL NEEDS HOUSING UNITS, AND 4,042 BEDS. IN ADDITION, THE LOANS HAVE HELPED TO EMPLOY 83,794 FULL TIME EQUIVALENTS.


RESEARCH & EVALUATION PROGRAM: WE PROVIDE DATA AND ANALYSIS TO HELP NONPROFITS, FOUNDATIONS, AND GOVERNMENTS AGENCIES MAKE BETTER DECISIONS ABOUT RESOURCE ALLOCATION AND REAL ESTATE INVESTMENT. OUR GOAL IS TO ENSURE THAT INVESTMENTS AND PROGRAMS ARE TARGETED TO WHERE THEY ARE NEEDED THE MOST. WE ARE NATIONAL LEADERS IN NEEDS ASSESSMENTS THAT MEASURE THE SUPPLY OF AND DEMAND FOR QUALITY SCHOOLS IN URBAN SCHOOL DISTRICTS. OUR INITIATIVES HAVE INFORMED STATE AND LOCAL GOVERNMENT EFFORTS TO EXPAND QUALITY CHILD CARE IN HIGH-NEEDS AREAS, AND LED TO NEW MODELS FOR PROVIDING AFFORDABLE, COMMUNITY-INTEGRATED HOUSING TO LOW INCOME PERSONS WITH DISABILITIES. RESEARCH PROJECTS INCLUDE NEEDS ASSESSMENT BY SERVICE AND GEOGRAPHY, ASSESSMENT OF ORGANIZATIONAL CAPACITY FOR EXISTING OR NEW SERVICES, QUALITATIVE ANALYSIS OF NONPROFIT SERVICE DELIVERY AND CLIENT EXPERIENCE, PROGRAM EVALUATIONS, NONPROFIT FINANCIAL TRENDS, FINANCIAL HEALTH, AND FINANCIAL MANAGEMENT, ANALYSIS OF POPULATION AND ECONOMIC TRENDS, DATA TO SUPPORT STRATEGIC PLANNING, AND MAPPING AND ANALYSIS OF PROGRAM DATA. WE ARE ALSO THE ADMINISTRATORS AND PROGRAM DEVELOPERS OF THE CHICAGO CULTURAL TREASURERS PROGRAM


DEVELOPMENT: IFF HAS WORKED TO STRENGTHEN NONPROFITS AND THEIR COMMUNITIES THROUGH OUR EXPERTISE IN FINANCE, REAL ESTATE PLANNING AND DEVELOPMENT, AND RESEARCH. IFF WILL WORK WITH LOCAL AND STATE GOVERNMENT, NONPROFIT AGENCIES, FOUNDATIONS, AND OTHER COMMUNITY GROUPS TO HELP ACHIEVE THEIR COMMUNITY DEVELOPMENT GOALS BY ASSESSING COMMUNITY CONDITIONS BY ANALYZING DEMOGRAPHIC DATA AND TRENDS, INVENTORYING EXISTING COMMUNITY ASSETS, AND IDENTIFYING GAPS. IFF ALSO EVALUATES HOUSING, HUMAN SERVICES, EDUCATION, HEALTH CARE, INVESTMENTS, AND JOB ENVIRONMENTS TO PROVIDE A COMMUNITY CONDITIONS ANALYSIS WHICH HELPS GUIDE STAKEHOLDERS TO DEVELOP STRATEGIC PLANS AND TO PRIORITIZE INVESTMENTS. IFF WILL DEVELOP SOLUTIONS WITH CONCEPTUAL PROJECTS AND PROGRAMS WITH STRATEGIC PARTNERS AND FACILITATE COMMUNITY PARTNERSHIPS BY BRINGING RELEVANT PARTIES TOGETHER BY FACILITATING PARTNERSHIPS WITH STRATEGIC STAKEHOLDERS AND POTENTIAL COLLABORATORS. THROUGH THIS WORK, IFF HAS HELPED ADDRESS A BROAD RANGE OF COMMUNITY NEEDS - FROM HEALTH CARE, EDUCATION, HOUSING, CHILD CARE, HEALTHY FOOD ACCESS, AND JOB TRAINING THIS PROGRAM ALSO INITIATES, COORDINATES, DEVELOPS, AND OWNS REAL ESTATE PROJECTS THAT RESPOND TO COMMUNITY NEEDS, CREATE JOBS, AND TRANSFORMS LOW-INCOME COMMUNITIES IN THE MIDWEST. IT ACQUIRES, OWNS AND MANAGES COMMUNITY-INTEGRATED HOUSING FOR LOW-INCOME DISABLED ADULTS, AND REDEVELOPING FORECLOSED PROPERTIES NEAR PUBLIC TRANSIT INTO AFFORDABLE HOMES AND APARTMENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Spectrum Health
Program Consulting
$707,786
Fiscal Management Assoc
Financial Consulting
$175,000
Wipfli Llp
It/software Consulting
$236,242
Baso Ltd
Owners Rep/project Consulting
$208,719
Public Communications Inc
Pr/marketing Consulting
$148,047
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,024,999
All other contributions, gifts, grants, and similar amounts not included above$39,775,149
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$46,800,148
Total Program Service Revenue$34,536,711
Investment income $62,203
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $364,176
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $81,768,477

Grants Awarded

Over the last fiscal year, Iff has awarded $24,250,228 in support to 75 organizations.

Grant RecipientAmount

NORTH CHICAGO SCHOOL DISTRICT 187

PURPOSE: Cost to rehab a middle school.

$7,483,397

JAZZ INSTITUTE OF CHICAGO

Org PageRecipient Profile

Chicago, IL

PURPOSE: Working Capital as part of the CCT program grant

$575,000

Chicago, IL

PURPOSE: Working Capital as part of the CCT program grant

$575,000

NATYA DANCE THEATRE

Org PageRecipient Profile

Oakbrook, IL

PURPOSE: Working Capital as part of the CCT program grant

$575,000

AFRICA INTERNATIONAL HOUSE USA INC

Org PageRecipient Profile

Chicago, IL

PURPOSE: Working Capital as part of the CCT program grant

$575,000

LITTLE BLACK PEARL WORKSHOP

Org PageRecipient Profile

Chicago, IL

PURPOSE: Working Capital as part of the CCT program grant

$575,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 28 grants that Iff has recieved totaling $28,896,986.

Awarding OrganizationAmount
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF AMERICA'S CULTURAL TREASURES CHICAGO AN INITIATIVE HIGHLIGHTING CHICAGO'S DIVERSE CULTURAL ORGANIZATIONS

$5,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF AMERICA'S CULTURAL TREASURES CHICAGO, AN INITIATIVE HIGHLIGHTING CHICAGO'S DIVERSE CULTURAL ORGANIZATIONS.

$5,000,000
John D & Catherine T Macarthur Foundation

Chicago, IL

PURPOSE: IN SUPPORT OF AMERICA'S CULTURAL TREASURES CHICAGO, AN INITIATIVE HIGHLIGHTING CHICAGO'S DIVERSE CULTURAL ORGANIZATIONS.

$5,000,000
Ford Foundation

New York, NY

PURPOSE: CORE SUPPORT FOR THE CHICAGO'S CULTURAL TREASURES INITIATIVE TO SUPPORT LOCAL ARTS AND CULTURAL ACTIVITIES

$2,000,000
The Harry & Jeanette Weinberg Foundation Inc

Owings Mills, MD

PURPOSE: TO SUPPORT THIS CDFI THAT WILL BUILD CAPACITY FOR NONPROFITS IN CHICAGO AND HELP ORGANIZATIONS BE RESILIENT TO THE IMPACTS OF COVID-19 THROUGH LOAN CAPITAL, TECHNICAL ASSISTANCE, OUTREACH TO COMMUNITIES OF COLOR, AND RESEARCH AND DEVELOPMENT.

$2,000,000
Joyce Foundation

Chicago, IL

PURPOSE: MISSION FUND

$1,875,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$18,045,964
Net Contributions$2,492,782
Other Expense$4,908,908
Ending Balance$15,629,838

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