Overview
What is Columbus Area Chamber Foundation Inc?
The Columbus Area Chamber Foundation Inc, established in Columbus, Indiana, is a nonprofit organization with a mission to enhance the local economy by organizing beneficial programs for the residents of Columbus and Bartholomew County. One of its key initiatives, titled TIME (Targeted Investment in Minority Entrepreneurs), aims to provide financial assistance and increase the chances of success for local minority entrepreneurs. The Foundation manages the funding and expenses related to TIME. Additionally, the Foundation serves as the fiscal agent for Velocities, a regional partnership with Elevate Ventures and The Mill in Bloomington, offering mentoring, early-stage capital, and educational programs. This collaborative effort aims to foster growth and development among local businesses.
Is Columbus Area Chamber Foundation Inc legitimate?
Columbus Area Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbus Area Chamber 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 Columbus Area Chamber Foundation Inc?
The Columbus Area Chamber Foundation's mission is centered around organizing economic programs to benefit the residents of an unspecified area, suggested to be Columbus/Bartholomew County. The foundation comprises various programs, each serving distinct functions. Notably, it includes leadership training and human resources administration. In March 2021, the Columbus Propeller was established within the foundation, aiming to establish a community makerspace. Additionally, the foundation manages a program called Targeted Investment in Minority Entrepreneurs (TIME), designed to provide financial bridges and enhance the likelihood of success for local minority entrepreneurs. The foundation also collaborates with Velocities, a regional partnership, offering one-on-one mentoring, early-stage capital, and educational programs for entrepreneurs. The Columbus Area Chamber Foundation acts as the fiscal agent for all these initiatives.
What is the revenue of Columbus Area Chamber Foundation Inc?
Columbus Area Chamber Foundation Inc's revenue in 2023 was $971,323.
Who are the executives of Columbus Area Chamber Foundation Inc and what are their salaries?
There 50 volunteers at Columbus Area Chamber Foundation Inc.
Here are 6 key members and their salaries:
- 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
Where can I find the form 990 for Columbus Area Chamber Foundation Inc?
Columbus Area Chamber Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Columbus Area Chamber Foundation Inc
The Columbus Area Chamber Foundation Inc is an organization that comprises a variety of programs designed to carry out diverse functions, primarily focusing on leadership training and human resources administration. Its mission, in essence, is to organize economic programs that benefit the residents of Columbus and Bartholomew County. This nonprofit organization strives to contribute positively to the local community by implementing initiatives that foster growth and development.
One of the key programs under the Columbus Area Chamber Foundation Inc's umbrella is The Columbus Propeller, which was established in March 2021. This program aims to create a makerspace for the community, providing a platform for innovation and creativity. The Foundation also manages a targeted investment initiative called TIME (Targeted Investment in Minority Entrepreneurs). This program's objective is to build financial bridges and increase the likelihood of success for local minority entrepreneurs.
In addition to these initiatives, the Columbus Area Chamber Foundation Inc also plays a significant role in supporting Velocities, a regional partnership with Elevate Ventures and The Mill based in Bloomington. Velocities offers one-on-one mentoring, early-stage capital, and educational programs to aid in the growth and development of local businesses. The Foundation serves as the fiscal agent for all three programs, managing their expenses and ensuring their smooth operation. In essence, the mission of Columbus Area Chamber Foundation Inc is to drive economic growth and development in its community through various programs, investments, and partnerships.
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 Columbus Area Chamber Foundation Inc significantly enhances the economic landscape of Columbus and Bartholomew County through targeted programs and initiatives. Its creation of the Columbus Propeller maker space fosters innovation and creativity within the community, providing a platform for residents to develop their ideas and skills.
One of its standout programs, aimed at supporting minority entrepreneurs, is TIME (Targeted Investment in Minority Entrepreneurs). By building financial bridges, this initiative increases the likelihood of success for local minority business owners, addressing disparities and promoting equity in entrepreneurship.
Additionally, through the partnership with Elevate Ventures and The Mill, the Foundation participates in Velocities, which provides essential mentoring, early-stage capital, and educational resources to budding entrepreneurs. This collaboration ensures a diverse array of support for individuals looking to launch or grow their businesses.
Overall, the Columbus Area Chamber Foundation Inc plays a crucial role in developing leadership capabilities, enhancing human resources administration, and promoting economic growth, ultimately benefiting residents and fostering a more inclusive entrepreneurial ecosystem in the region.
This information is meant to be a general summary of Columbus Area Chamber 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 2023.
- Gross Receipts: $971,323
Assets and Liabilities:
- Total Assets: $384,306
- Total Liabilities: $47,561
- Net Assets: $336,745
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1973
Principal Officer
Cindy Frey
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Columbus Area Chamber Foundation Inc 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.