Overview
What is Chattanooga Chamber Foundation?
The Chattanooga Chamber Foundation is a nonprofit organization situated in Chattanooga, Tennessee, specifically at 811 BROAD ST SUITE 100. Its primary mission is to foster leadership development within the local community, aiming to leverage the strengths of civic and political leaders for the betterment of the area. To achieve this, they sponsor an annual leadership program, preparing existing leaders for community decision-making, and recognize business and community leaders through events. The organization communicates with the business community, addressing issues crucial for leaders. Their mission is to enhance the quality and increase the quantity of economic growth and employment opportunities through education on matters of public concern. They currently employ 56 individuals.
Official website here: www.chattanoogachamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Chattanooga Chamber Foundation has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With a high overall score of 96%, the organization demonstrates effective governance through its predominantly independent board and robust financial practices, including complete and audited financial statements.
The foundation excels in key accountability metrics, such as having no material diversion of assets and maintaining a strong program expense ratio of 80.84%, ensuring that the majority of its resources are directed towards its mission. Additionally, the organization has established comprehensive policies for conflict of interest, whistleblower protection, and document retention, further highlighting its commitment to transparency and responsible management.
While the rating reflects significant strengths in operational integrity, it is important for potential supporters to consider how these practices translate into the foundation's impact within the community. Overall, the Chattanooga Chamber Foundation appears to be a well-managed organization dedicated to its objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Chattanooga Chamber Foundation legitimate?
Chattanooga Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chattanooga 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: $619,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,489,479
For more financial information, click here
Official website here: www.chattanoogachamber.com
What is the mission statement of Chattanooga Chamber Foundation?
The Chattanooga Chamber Foundation's mission is centered around promoting education regarding public matters that aim to enhance economic growth and create more employment opportunities. Their goal is to improve the quality of such growth, serving as an organization that educates the community on these matters. The foundation also focuses on leadership development, ensuring that the community benefits from strong civic and political leadership. They achieve this through an annual leadership program, preparing existing leaders for community decision-making, and recognizing business and community leaders at events. Additionally, the foundation communicates with the business community on issues that are crucial for leaders.
Official website here: www.chattanoogachamber.com
Who is the CEO of Chattanooga Chamber Foundation?
Charles Wood is the V/P Economic Development of Chattanooga Chamber Foundation. The CEO's salary of Chattanooga Chamber Foundation is $257,854 and their total compensation is $389,285.
Official website here: www.chattanoogachamber.com
What is the revenue of Chattanooga Chamber Foundation?
Chattanooga Chamber Foundation's revenue in 2022 was $4,207,159.
Official website here: www.chattanoogachamber.com
Who are the executives of Chattanooga Chamber Foundation and what are their salaries?
The average compensation at Chattanooga Chamber Foundation during 2022 was $37,652. There are 56 employees and 4167 volunteers at Chattanooga Chamber Foundation.
Here are 10 key members and their salaries (Chattanooga Chamber Foundation's CEO's salary is $257,854 and their total compensation is $389,285):
- Compensation: $257,854
- Related: $69,013
- Other: $62,418
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $102,603
- Related: $25,651
- Other: $23,046
- Compensation: $172,814
- Related: $0
- Other: $19,312
Official website here: www.chattanoogachamber.com
Where can I find the form 990 for Chattanooga Chamber Foundation?
Chattanooga Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chattanoogachamber.com
Learn more at the official website: www.chattanoogachamber.com
Mission Statement of Chattanooga Chamber Foundation
The Chattanooga Chamber Foundation, a nonprofit organization, is dedicated to promoting education on matters of public concern that aim to enhance the quality and boost the quantity of economic growth and employment opportunities. In pursuit of this mission, the foundation focuses on leadership development. It organizes an annual leadership program to prepare existing leaders for community decision-making, recognizes business and community leaders, and communicates with the business community on issues crucial to leaders. The Chattanooga Chamber Foundation plays a pivotal role in ensuring that the Chattanooga area benefits from strong civic and political leadership.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Chattanooga Chamber Foundation significantly impacts the local community by focusing on education related to public concerns, ultimately enhancing economic growth and increasing employment opportunities. By spearheading leadership development initiatives, the foundation equips current and aspiring leaders with the skills necessary for effective civic and political engagement.
Through its annual leadership program, the foundation prepares participants for critical community decision-making, fostering a stronger leadership base in the Chattanooga area. In addition to training, the foundation organizes events to honor business and community leaders, thereby creating a culture of recognition and encouragement within the community.
Engagement with the local business community is also a key aspect of its mission, as the foundation facilitates communication on vital issues, ensuring that local leaders are informed and proactive in addressing the challenges and opportunities facing Chattanooga. This collective effort not only strengthens the local economy but also promotes a vibrant civic life, benefiting all residents.
This information is meant to be a general summary of Chattanooga 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: $7,625
- Program Service Revenue: $1,060,510
- Gross Receipts: $4,484,796
Assets and Liabilities:
- Total Assets: $7,823,041
- Total Liabilities: $2,157,331
- Net Assets: $5,665,710
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT
Revenue
$535,328
EVENTS, SEMINARS AND OTHER PROGRA
Revenue
$525,182
Organization Details
Founding Year
1969
Phone
(423) 756-2121Principal Officer
Charles Wood
Main Address
811 BROAD ST SUITE 100, CHATTANOOGA, TN, 37402
Website
www.chattanoogachamber.comNTEE Category
Code: T30 - Philanthropy
If you are a representative of Chattanooga Chamber Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.