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 12/2023, Iff employed 173 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 12/2023, Iff generated $102.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $96.5m during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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 865 individual grants totaling $126,775,362. 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

2023

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 BE 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

SOCIAL IMPACT ACCELERATOR - PROGRAM & INITIATIVES AND COMPREHENSIVE BASED PLACED INITIATIVES (EARLY CHILD SERVICES, AND SCHOOL SERVICES) EARLY CHILD SERVICES IS DESIGNED TO INCREASE CAPACITY AND IMPROVE ACCESS TO QUALITY EARLY CARE AND EDUCATION ACROSS THE MIDWEST STATES WE SERVE. PROVIDERS CAN RECEIVE TECHNICAL ASSISTANCE, CONSULTING SERVICES, AND GRANTS TO IMPROVE FACILITY QUALITY. SCHOOL SERVICES IS A PROGRAM IN WHICH WE WORK ACROSS ALL EDUCATION SYSTEMS WITH SCHOOL DISTRICTS, CHARTER SCHOOLS AND CHARTER SCHOOL AUTHORIZERS, PRIVATE SCHOOLS, POLICYMAKERS, AND EDUCATION ADVOCATES TO INCREASE OPPORTUNITY AND IMPROVE OUTCOMES FOR STUDENTS. COORDINATED AND FOCUSED EFFORTS ALLOW IFF TO STRATEGIZE, DEVELOP, AND IMPLEMENT PROGRAMMATIC RESPONSES. INFORMED BY DATA, IFF HELPS PLAN, FIND, FINANCE, AND DEVELOP SCHOOLS IN THE PLACES WHERE THEY ARE NEEDED THE MOST.


CAPITAL SOLUTIONS: THIS PROGRAM MAKES AFFORDABLE LOANS TO NONPROFIT AGENCIES. SINCE 1990, THE TOTAL LOAN VOLUME REACHED OVER $1.6 BILLION WHICH INCLUDES 2,253 LOANS CLOSED THAT HAS LEVERAGED OVER $5.83 BILLION IN CAPITAL. SINCE 1990, THESE LOANS TO OVER 1,207 NONPROFITS HAVE ASSISTED WITH THE RENOVATION OR CONSTRUCTION OF 42 MILLION SQUARE FEET AND CREATED 16,041 CHILD CARE SLOTS, 160,956 STUDENT SEATS, 725,598 NEW PATIENTS/VISITS AT HEALTH CARE CLINICS, 20,589 AFFORDABLE AND SUPPORTIVE/SPECIAL NEEDS HOUSING UNITS, AND 4,381 BEDS. IN ADDITION, THE LOANS HAVE HELPED TO EMPLOY 89,549 FULL TIME EQUIVALENTS.


COMMUNITY DEVELOPMENT SOLUTIONS: 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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Board, Officers & Key Employees

Name (title)Compensation
Joe Neri
CEO
$359,350
Cheryl Wilson
Board Chair
$0
Sakura Takano
Vice Chair
$0
John Sassaris
Treasurer/secretary
$0
George Burciaga
Board Member
$0
Hamilton Chang
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bdo Fma Llc
Financial Consulting
$620,500
Design Impact
Strategic Plan Consultants - Culture
$388,980
Baso Ltd
Owners Rep/project Consulting
$305,983
Wipfli Llp
It/software Consulting
$174,706
Peter Eckart Consulting
Strategic Plan Consultants - Organizatio
$146,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $52,315,768
All other contributions, gifts, grants, and similar amounts not included above$11,810,934
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$64,126,702
Total Program Service Revenue$35,707,302
Investment income $1,557,195
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,445,571
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $102,836,770

Grants Awarded

Over the last fiscal year, Iff has awarded $41,158,446 in support to 600 organizations.

Grant RecipientAmount

NORTH CHICAGO SCHOOL DISTRICT 187

PURPOSE: Cost to rehab middle school

$7,669,234

BDO FMA LLC

PURPOSE: Third Party Consultants who help educate/train business owners on financial management as part of the grant.

$726,000

GARRISON FRAZIER INVESTMENTS INC

PURPOSE: Cost for acquiring equipment and/or facilities rehab cost as part of the grant

$900,000

PHOENIX CHILD CARE & ACADEMY

PURPOSE: Cost for acquiring equipment and/or facilities rehab cost as part of the grant

$299,999

THE CREATIVE CHILD PLACE LLC

PURPOSE: Cost for acquiring equipment and/or facilities rehab cost as part of the grant

$279,281

AMPLIFY GR

PURPOSE: Cost for acquiring equipment and/or facilities rehab cost as part of the grant

$273,799
View Grant Profile

Peer Organizations

Organization NameAssets
Iff
Chicago, IL
$102,836,770
Council Of State Governments
Lexington, KY
$46,682,188
St Louis Development Coroporation
St Louis, MO
$25,186,270
Bcmw Community Services
Centralia, IL
$16,256,539
Alliance Of Local Service Organizations
Chicago, IL
$5,868,715
Community Partnership Of Southeast Missouri
Cape Girardeau, MO
$3,545,590
Kinship Foundation
Madison, WI
$1,535,954
Embrace Living Communities
Oak Brook, IL
-$1,369,779
West Central Illinois Valley Regional Planning Commission
Carlinville, IL
$1,574,282
Gail G Ellis Foundation Inc
Bannockburn, IL
$520,287
River Cities Harvest Inc
Ashland, KY
$1,025,176
Tfi Foundation Inc
Monona, WI
$1,631,538
Children Center Campus
Kansas City, MO
$745,484
Mandala Center Incorporated
Davenport, IA
$177,190
Institute For People Place And Possibilities
Columbia, MO
$753,569
Executive Service Corps Of Chicago
Chicago, IL
$1,244,502
Phelps County Hospital Foundation
Rolla, MO
$728,311
Northern Illinois Center For Nonprofit Excellence
Rockford, IL
$429,078
Meliora Partners Inc
Montour, IA
$385,584
Southeast Missouri Facilities Inc
Park Hills, MO
$473,174
Ozaukee Nonprofit Center Inc
Grafton, WI
$315,583
Vesper Management Corporation
Des Plaines, IL
$188,034
Serve Incorporated
Bayside, WI
$214,391
Center For Business Excellence Inc
Elkhart, IN
$154,632
Next Step Storm Inc
Woodburn, IN
$0

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