Overview
What is Sacramento Metro Chamber Foundation?
The Sacramento Metro Chamber Foundation is a nonprofit organization situated in Sacramento, California, specifically at 1017 L Street 557. Their primary mission revolves around promoting economic and community development by overseeing a comprehensive workforce development pipeline. As the leading entity for a city-wide youth employment initiative titled Thousand Strong, they play a significant role in fostering job opportunities for local youth. Their activities are geared towards strengthening the community and economy by nurturing a skilled workforce.
Official website here: www.metrochamber.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Sacramento Metro Chamber Foundation has received an impressive 96% rating from Charity Navigator, highlighting its strong performance in accountability and finance. This high score indicates that the organization demonstrates effective financial management and governance, ensuring that donor funds are utilized appropriately and transparently.
A key strength of the foundation lies in its governance structure, featuring a majority of independent board members, which fosters objectivity and integrity in decision-making. The organization has also implemented numerous policies, such as conflict of interest and whistleblower policies, that bolster accountability and provide assurance to stakeholders regarding ethical operations.
While the data showcases a robust financial health with a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of funds is directed towards its programs, continued vigilance in maintaining these standards will be essential for sustained trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Sacramento Metro Chamber Foundation legitimate?
Sacramento Metro Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacramento Metro 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,546
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,357
For more financial information, click here
Official website here: www.metrochamber.org/foundation
What is the mission statement of Sacramento Metro Chamber Foundation?
The Sacramento Metro Chamber Foundation, as a nonprofit organization, is dedicated to promoting economic and community development. It achieves this goal by establishing a strategic pipeline of workforce development programs. The foundation serves as the primary entity for a city-wide youth employment initiative known as Thousand Strong. Its mission is centered around fostering growth and progress in the workforce and community at large.
Official website here: www.metrochamber.org/foundation
Who is the CEO of Sacramento Metro Chamber Foundation?
Dave Roughton is the Principal Officer of Sacramento Metro Chamber Foundation.
Official website here: www.metrochamber.org/foundation
What is the revenue of Sacramento Metro Chamber Foundation?
Sacramento Metro Chamber Foundation's revenue in 2022 was $1,053,334.
Official website here: www.metrochamber.org/foundation
Who are the executives of Sacramento Metro Chamber Foundation and what are their salaries?
There 300 volunteers at Sacramento Metro Chamber Foundation.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $308,958
- Other: $668
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- Related: $126,381
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- Related: $116,063
- Other: $3,263
- Compensation: $0
- Related: $89,292
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Official website here: www.metrochamber.org/foundation
Where can I find the form 990 for Sacramento Metro Chamber Foundation?
Sacramento Metro Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metrochamber.org/foundation
Learn more at the official website: www.metrochamber.org/foundation
Mission Statement of Sacramento Metro Chamber Foundation
The Sacramento Metro Chamber Foundation is a nonprofit organization dedicated to promoting economic and community development. It accomplishes this mission by overseeing a strategic pipeline of workforce development programs. This nonprofit corporation plays a significant role in a city-wide youth employment initiative called Thousand Strong, further emphasizing its commitment to fostering growth and opportunities for the community.
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Impact
October, 2024
The Sacramento Metro Chamber Foundation significantly influences economic and community development in Sacramento through its strategic workforce development programs. By leading initiatives like Thousand Strong, a city-wide youth employment effort, the foundation connects young individuals to meaningful job opportunities, enhancing their skills and employment readiness. This program not only addresses local employment challenges but also supports the broader economic landscape by cultivating a well-prepared workforce. Through its efforts, the foundation fosters community engagement, encourages youth development, and contributes to the overall vitality of the Sacramento region.
This information is meant to be a general summary of Sacramento Metro 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 2022.
- Investment Income: $329
- Program Service Revenue: $397,176
- Gross Receipts: $1,053,334
Assets and Liabilities:
- Total Assets: $475,528
- Total Liabilities: $51,136
- Net Assets: $424,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Revenue
Revenue
$192,351
Membership Dues & Assessments
Revenue
$38,825
Program/Registration Fees
Revenue
$166,000
Organization Details
Founding Year
2005
Phone
(916) 552-6800Principal Officer
Dave Roughton
Main Address
1017 L Street 557, Sacramento, CA, 95814
NTEE Category
Code: T30 - Philanthropy
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