Overview
What is Manhattan Chamber Of Commerce Foundation Inc?
Manhattan Chamber of Commerce Foundation Inc is a nonprofit organization situated in the heart of New York City, specifically at 12 E 49th ST 11th FL. Their primary mission is to stimulate and encourage active participation from both the general public and business entities in the advancement and expansion of Manhattan-based businesses within the international industry, commerce, and civic affairs, as well as the political process. To achieve this, they organize and host various international and educational events, aiming to foster engagement and contribute to the growth of Manhattan businesses. With a modest team of 11 employees, the foundation plays an essential role in promoting the development and progress of local businesses on a global stage.
Official website here: www.manhattancc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Manhattan Chamber of Commerce Foundation Inc has received a One-Star rating from Charity Navigator, which indicates significant concerns regarding its financial accountability and performance. While the organization demonstrates strong governance with 100% independent board members and a solid audit and oversight committee, its overall effectiveness is undermined by a low program expense ratio of 11.63%, suggesting that a minimal portion of its expenses is directed towards its programs.
Additionally, the charity has a high liabilities to assets ratio at 68.33%, raising further questions about its financial health and sustainability. Although it has various policies in place, such as conflict of interest and whistleblower policies, the absence of its tax form on the nonprofit's website is a notable limitation in terms of transparency.
In summary, while the organization maintains good governance practices, its financial metrics and low program spending may impact its ability to fulfill its mission effectively. Potential donors and stakeholders should consider these factors when evaluating the foundation’s overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Manhattan Chamber Of Commerce Foundation Inc legitimate?
Manhattan Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manhattan Chamber Of Commerce Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $42,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $734,709
For more financial information, click here
Official website here: www.manhattancc.org
What is the mission statement of Manhattan Chamber Of Commerce Foundation Inc?
The Manhattan Chamber of Commerce Foundation's mission is to stimulate and encourage the involvement of both the general public and business entities in the development and growth of businesses within their domain. They achieve this by organizing international and educational events, aiming to foster interest in the industrial, commercial, and civic affairs of the business community and the political process. The foundation's activities aim to promote the growth of Manhattan-based businesses, contributing to the overall development and prosperity of the business sector.
Official website here: www.manhattancc.org
Who is the CEO of Manhattan Chamber Of Commerce Foundation Inc?
Jessica Walker is the President An of Manhattan Chamber Of Commerce Foundation Inc.
Official website here: www.manhattancc.org
What is the revenue of Manhattan Chamber Of Commerce Foundation Inc?
Manhattan Chamber Of Commerce Foundation Inc's revenue in 2022 was $1,327,879.
Official website here: www.manhattancc.org
Who are the executives of Manhattan Chamber Of Commerce Foundation Inc and what are their salaries?
The average compensation at Manhattan Chamber Of Commerce Foundation Inc during 2022 was $70,685. There are 11 employees at Manhattan Chamber Of Commerce Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $42,822
- Related: $128,545
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.manhattancc.org
Where can I find the form 990 for Manhattan Chamber Of Commerce Foundation Inc?
Manhattan Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.manhattancc.org
Learn more at the official website: www.manhattancc.org
Mission Statement of Manhattan Chamber Of Commerce Foundation Inc
Manhattan Chamber of Commerce Foundation Inc is committed to stimulating and encouraging the interest of both the general public and business entities in actively participating in the development and growth of Manhattan-based businesses. This nonprofit organization achieves this mission by conducting international and educational events. By engaging in international industry, commerce, and civic affairs, as well as the political process, the Manhattan Chamber of Commerce Foundation Inc encourages active participation from various entities, contributing to the development and growth of local businesses. This active participation can lead to a stronger and more vibrant business community in Manhattan.
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Impact
October, 2024
The Manhattan Chamber Of Commerce Foundation Inc plays a pivotal role in promoting the growth and development of Manhattan-based businesses by engaging both the general public and business entities. Through a variety of international and educational events, the foundation fosters a sense of community and active participation in commerce, civic affairs, and the political process.
By facilitating these interactions, it not only enhances awareness of local businesses but also stimulates interest in the broader economic landscape of Manhattan. This engagement helps to create a dynamic environment for commercial activities, encouraging innovation and collaboration among business owners and the public alike. Overall, its efforts contribute significantly to the vitality and economic health of the Manhattan community.
This information is meant to be a general summary of Manhattan Chamber Of Commerce Foundation Inc. 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 2022.
- Program Service Revenue: $672,250
- Gross Receipts: $1,327,879
Assets and Liabilities:
- Total Assets: $2,437,925
- Total Liabilities: $1,665,972
- Net Assets: $771,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BROOKLYN ALLIANCE
Revenue
$562,250
SMALL BUSINESS OUTREACH
Revenue
$100,000
WELLS FARGO
Revenue
$10,000
Organization Details
Founding Year
1994
Phone
(212) 473-7875Principal Officer
Jessica Walker
Main Address
12 E 49TH ST 11TH FL, NEW YORK, NY, 10017
Website
www.manhattancc.orgNTEE Category
Code: B60 - Education
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