Overview
What is New York Women's Chamber Of Commerce Inc?
The New York Women's Chamber of Commerce Inc is a 501(c) (3) tax-exempt nonprofit organization situated in New York, specifically at 1524 Amsterdam Avenue, New York, NY 10031. Their primary mission is to empower women and disadvantaged minorities by fostering small business, micro-enterprise, and self-employment growth. They accomplish this by offering assistance to enhance these entities' business capacities, enabling them to compete effectively for contracting opportunities in both public and private sectors. Furthermore, they strive to involve eligible minority and women-owned firms, as well as local businesses, in procurement and other opportunities. Additionally, they promote the participation of local residents in employment opportunities through development and redevelopment projects. The New York Women's Chamber of Commerce Inc employs a dedicated workforce of 12 individuals.
Official website here: www.nywcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star Rating
The New York Women's Chamber of Commerce Inc has achieved an impressive 96% score from Charity Navigator, indicating strong performance in accountability and finance. This high rating reflects a commitment to transparency and effective financial management, with all board members being independent and a solid framework in place for governance.
Strengths include a perfect score in several key areas such as financial audits, conflict of interest policies, and the absence of any material diversion of assets. The organization demonstrates a strong program expense ratio of 76.37%, suggesting that a significant portion of its funds is directed towards its programs and services, which is essential for fulfilling its mission.
While the organizational data points to a strong overall performance, the summary does not provide specific insights into program outcomes or the impact of services offered. This leaves a gap in understanding the full extent of the nonprofit's effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is New York Women's Chamber Of Commerce Inc legitimate?
New York Women's Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Women's Chamber Of Commerce 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $382,456
For more financial information, click here
Official website here: www.nywcc.org
What is the mission statement of New York Women's Chamber Of Commerce Inc?
The New York Women's Chamber of Commerce Inc, a 501(c) (3) tax-exempt organization, is committed to helping women and disadvantaged minorities achieve economic independence and success. This is primarily achieved through promoting small business, micro-enterprise ownership, and self-employment. The organization's mission is to provide assistance and resources to enable these groups to enhance their business capacity and competitiveness, securing opportunities in public and private procurement. The Chamber also works towards ensuring local residents gain employment through development and redevelopment projects.
Official website here: www.nywcc.org
Who is the CEO of New York Women's Chamber Of Commerce Inc?
Quenia Abreu is the Chair of New York Women's Chamber Of Commerce Inc.
Official website here: www.nywcc.org
What is the revenue of New York Women's Chamber Of Commerce Inc?
New York Women's Chamber Of Commerce Inc's revenue in 2022 was $1,467,248.
Official website here: www.nywcc.org
Who are the executives of New York Women's Chamber Of Commerce Inc and what are their salaries?
The average compensation at New York Women's Chamber Of Commerce Inc during 2022 was $39,371. There are 12 employees at New York Women's Chamber Of Commerce Inc.
Here are 6 key members and their salaries:
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- Compensation: $105,831
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Official website here: www.nywcc.org
Where can I find the form 990 for New York Women's Chamber Of Commerce Inc?
New York Women's Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nywcc.org
Learn more at the official website: www.nywcc.org
Mission Statement of New York Women's Chamber Of Commerce Inc
The New York Women's Chamber of Commerce is a not-for-profit organization, recognized as a 501(c) (3) tax exempt entity, committed to aiding women and other disadvantaged minorities in their pursuit of success and financial independence. This is achieved primarily through the ownership and self-employment of small businesses and micro-enterprises. The organization's mission is to provide these groups with the necessary tools and resources to enhance their business capacity, enabling them to compete effectively in the procurement market.
In essence, the New York Women's Chamber of Commerce serves as a catalyst, facilitating the participation of eligible minority and women-owned firms in both public and private contracting opportunities. The organization's efforts are geared towards ensuring a level playing field for these businesses, providing them with the chance to compete and thrive within their respective industries. Furthermore, the New York Women's Chamber of Commerce strives to include local businesses in these opportunities, fostering a sense of community and collaboration.
In addition to business support, the New York Women's Chamber of Commerce is also dedicated to providing employment opportunities for local residents. This is achieved through development and redevelopment projects, where the organization works to secure local participation, thereby contributing to the overall economic growth and empowerment of the community.
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Impact
October, 2024
The New York Women's Chamber of Commerce Inc plays a vital role in empowering women and other disadvantaged minorities in New York by helping them achieve economic independence and success through entrepreneurship. By focusing on small business and micro-enterprise ownership, the organization significantly enhances the ability of these individuals to compete for contracting opportunities and secure participation in both public and private procurement processes.
One of its key impacts is increasing the business capacity of Minority and Women Business Enterprises (MWBEs), allowing them to thrive in a competitive market. Additionally, the Chamber actively facilitates the inclusion of eligible minority and women-owned firms in various opportunities, ensuring that local businesses can benefit from economic development initiatives.
Moreover, the organization encourages the participation of local residents in employment opportunities linked to development and redevelopment projects, thus fostering community improvement and economic growth. Through these initiatives, the New York Women's Chamber of Commerce Inc contributes to building a more equitable economic landscape, enhancing the livelihoods of those it serves, and strengthening the overall community.
This information is meant to be a general summary of New York Women's Chamber Of Commerce 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.
- Investment Income: $164
- Program Service Revenue: $2,035
- Gross Receipts: $1,467,248
Assets and Liabilities:
- Total Assets: $1,219,400
- Total Liabilities: $428,998
- Net Assets: $790,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Incubator service and rental income
Revenue
$2,035
Organization Details
Founding Year
2002
Phone
(212) 491-9640Principal Officer
Quenia Abreu
Main Address
1524 AMSTERDAM AVENUE, New York, NY, 10031
Website
www.nywcc.orgNTEE Category
Code: S31 - Community improvement
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