Overview
What is North Central Massachusetts Chamber Foundation?
The North Central Massachusetts Chamber Foundation is a nonprofit organization situated in Fitchburg, Massachusetts. Primarily funded by local companies and individuals, often in memory of a specific person, the foundation provides scholarships. These awards are given to high school seniors who exhibit outstanding academic performance, demonstrated leadership skills, and various achievements both within and outside of their educational institutions. The Chamber's Scholarship Committee selects the winners based on their all-around excellence. The scholarships aim to recognize the academic prowess of these exceptional students within the community.
Official website here: www.northcentralmass.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The North Central Massachusetts Chamber Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The foundation's overall score is based solely on its accountability and finance metrics, reflecting a commitment to transparency and sound financial practices.
One of the foundation's key strengths is its fully independent board, with 100% of its 18 members meeting this criterion. Additionally, they demonstrate excellent governance practices, such as having a conflict of interest policy, a whistleblower policy, and documenting board meeting minutes. The organization maintains a low liabilities to assets ratio of 5.08%, which is favorable for financial health.
While the foundation shows strong program expense ratios, with nearly 79% of expenses directed towards programs, the single beacon score means that other aspects of the organization’s operations are not evaluated in this rating. This could imply areas for improvement or further scrutiny in their overall impact beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is North Central Massachusetts Chamber Foundation legitimate?
North Central Massachusetts Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central Massachusetts Chamber Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $50,000
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Official website here: www.northcentralmass.com
What is the mission statement of North Central Massachusetts Chamber Foundation?
The North Central Massachusetts Chamber Foundation awards scholarships to recognize the academic excellence of high school seniors in the community. These scholarships are primarily funded by local companies and individuals, often in memory of a particular person. The scholarships are either annual awards or endowments, and the Chamber's Scholarship Committee selects student winners based on all-around excellence, including demonstrated leadership skills, an outstanding academic record, and various achievements and activities, both in and out of school. The purpose of these scholarships is to highlight and celebrate the achievements of these talented young individuals.
Official website here: www.northcentralmass.com
Who is the CEO of North Central Massachusetts Chamber Foundation?
Roy Nascimento is the Director of North Central Massachusetts Chamber Foundation.
Official website here: www.northcentralmass.com
What is the revenue of North Central Massachusetts Chamber Foundation?
North Central Massachusetts Chamber Foundation's revenue in 2023 was $106,634.
Official website here: www.northcentralmass.com
Who are the executives of North Central Massachusetts Chamber Foundation and what are their salaries?
Here are 19 key members and their salaries:
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Official website here: www.northcentralmass.com
Where can I find the form 990 for North Central Massachusetts Chamber Foundation?
North Central Massachusetts Chamber Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.northcentralmass.com
Learn more at the official website: www.northcentralmass.com
Mission Statement of North Central Massachusetts Chamber Foundation
The North Central Massachusetts Chamber Foundation's mission is centered around recognizing and celebrating the academic achievements of high school seniors within the community. Through its scholarship program, the organization aims to highlight the all-around excellence of these students, taking into account their demonstrated leadership skills, outstanding academic records, and various accomplishments and activities, both within and beyond the school environment. The foundation relies on funds primarily from local companies and individuals, often donated in memory of a specific person. These contributions come in the form of annual awards or endowments, which the Scholarship Committee of the North Central Massachusetts Chamber Foundation meticulously utilizes to select deserving student recipients.
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Impact
October, 2024
The North Central Massachusetts Chamber Foundation significantly impacts the community by awarding scholarships to highlight the academic excellence of high school seniors. These scholarships are primarily funded by local companies and individuals, often in memory of a loved one, and can be in the form of annual awards or endowments.
Through a rigorous selection process conducted by the Chamber's scholarship committee, student winners are recognized for their all-around excellence, which includes demonstrated leadership skills, outstanding academic records, and various achievements and activities both in and out of school. This initiative not only promotes education but also fosters a culture of recognition and support for young leaders within the community, empowering them to pursue their academic and career goals.
This information is meant to be a general summary of North Central Massachusetts Chamber Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $21,254
- Gross Receipts: $106,634
Assets and Liabilities:
- Total Assets: $620,339
- Total Liabilities: $31,564
- Net Assets: $588,775
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Organization Details
Founding Year
1983
Phone
(978) 353-7600Principal Officer
Roy Nascimento
Main Address
860 SOUTH STREET, FITCHBURG, MA, 01420
Website
www.northcentralmass.comNTEE Category
Code: B82 - Education
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