Overview
What is Fulton County Regional Chamber Of Commerce & Industry Foundation Inc?
Fulton County Regional Chamber of Commerce & Industry Foundation Inc is a nonprofit organization situated in Gloversville, New York, specifically at 2 North Main Street. Their primary objective is to foster community engagement and growth by organizing scholarships, seminars, forums, and festivals within Fulton County. Their mission revolves around promoting community interests and facilitating interaction through these events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Fulton County Regional Chamber Of Commerce & Industry Foundation Inc has achieved a high score of 94%, indicating strong financial health and accountability. This rating reflects the organization’s commitment to maintaining transparency and effective governance, as evidenced by its independent board and lack of material diversion of assets. The foundation has a robust conflict of interest policy, a whistleblower policy, and proper documentation practices, all of which contribute positively to its overall score.
One of the notable strengths of the foundation is its impressive program expense ratio of 97.04%, demonstrating that the majority of its funds are directed towards fulfilling its mission rather than administrative costs. The organization also maintains a favorable liabilities to assets ratio of 27.51%, which suggests a solid financial position and sustainability for future operations.
While the foundation has received high marks for its accountability and financial management, it is essential for potential donors and supporters to consider the broader impact of its programs within the community. The data does not provide insight into the effectiveness of its initiatives or community engagement, which could be important factors for stakeholders evaluating the foundation's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Fulton County Regional Chamber Of Commerce & Industry Foundation Inc legitimate?
Fulton County Regional Chamber Of Commerce & Industry Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fulton County Regional Chamber Of Commerce & Industry 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc?
The Fulton County Regional Chamber of Commerce & Industry Foundation Inc is dedicated to promoting community interest and fostering interaction within the community. They achieve this through various means, including providing scholarships, organizing seminars, hosting forums, and orchestrating festivals. This non-profit entity aims to engage and uplift the community of Fulton County, New York, by utilizing these platforms.
Who is the CEO of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc?
Virginia Mackey is the Chairperson of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc.
What is the revenue of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc?
Fulton County Regional Chamber Of Commerce & Industry Foundation Inc's revenue in 2022 was $53,603.
Who are the executives of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc and what are their salaries?
There 60 volunteers at Fulton County Regional Chamber Of Commerce & Industry Foundation Inc.
Here are 8 key members and their salaries:
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- Related: $61,304
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Where can I find the form 990 for Fulton County Regional Chamber Of Commerce & Industry Foundation Inc?
Fulton County Regional Chamber Of Commerce & Industry Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fulton County Regional Chamber Of Commerce & Industry Foundation Inc
The Fulton County Regional Chamber of Commerce & Industry Foundation Inc is dedicated to promoting community interest and fostering interaction within Fulton County, New York. They achieve this through various means, including scholarships, seminars, forums, and festivals. This nonprofit organization's mission is to create opportunities for community engagement and development by providing educational resources and platforms for local discussions and celebrations. By offering scholarships, they support the educational aspirations of individuals within the community, investing in its future leaders. Seminars, forums, and festivals serve as avenues for knowledge sharing, networking, and community bonding, thereby enhancing social cohesion and collective growth.
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Impact
August, 2024
Fulton County Regional Chamber Of Commerce & Industry Foundation Inc plays a significant role in promoting community interest and interaction through various initiatives in Fulton County, New York. By offering scholarships, organizing seminars, forums, and festivals, the foundation actively engages with the local community, fostering growth and development. Through its focus on community improvement, the organization contributes to the overall well-being and prosperity of Fulton County residents.
This information is meant to be a general summary of Fulton County Regional Chamber Of Commerce & Industry 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.
- Investment Income: $186
- Program Service Revenue: $16,800
- Gross Receipts: $160,099
Assets and Liabilities:
- Total Assets: $449,113
- Total Liabilities: $106,475
- Net Assets: $342,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REALTY 2 NORTH MAIN GLOVERSVI
Revenue
$16,800
Organization Details
Founding Year
1993
Phone
(518) 725-0641Principal Officer
Virginia Mackey
Main Address
2 NORTH MAIN STREET, GLOVERSVILLE, NY, 12078
NTEE Category
Code: S31Z - Community improvement
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