Overview
What is Georgia Chamber Of Commerce Foundation Inc?
Georgia Chamber of Commerce Foundation Inc is a nonprofit organization situated in Atlanta, Georgia, dedicated to shaping the state's economic future. They engage in policy analysis, strategic planning, and advocacy, collaborating with various stakeholders, including regional and state development, economic, and policy experts. The foundation's primary focus areas are workforce development and housing, future infrastructure, defense communities, security, and veterans affairs, as well as fiscal security. In 2022, they launched two member councils: the Hub Chamber Council and the Manufacturing and Industry Council, with unique objectives and areas of focus. The Hub Chamber Council aims to research and understand issues affecting businesses in all regions, while the Manufacturing and Industry Council focuses on policy development for Georgia's manufacturing sector.
Official website here: www.gachamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Georgia Chamber of Commerce Foundation Inc has received an 81% rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. This score reflects a commitment to transparency and sound financial practices, primarily driven by its strong accountability metrics. The organization has a fully independent board, which is critical for governance, and has established policies for conflict of interest and whistleblower protection.
The foundation excels in its financial oversight, achieving full points in key areas such as its audit and oversight committee and document retention policies. Additionally, it maintains a high program expense ratio of 80.14%, suggesting that a significant portion of its budget is directed towards its programs rather than administrative costs. This is a positive indicator for potential donors regarding the effective use of funds.
However, it is worth noting that the foundation received a low score for its liabilities to assets ratio, which is at 86.53%. This could indicate potential financial risks, as high liabilities compared to assets may limit financial flexibility. Overall, while the Georgia Chamber of Commerce Foundation demonstrates strong governance and financial accountability, it should address its financial leverage to enhance sustainability and mitigate risk.
This AI summary has been generated from information found on Charity Navigator.
Is Georgia Chamber Of Commerce Foundation Inc legitimate?
Georgia Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Georgia Chamber Of Commerce 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: $519,574
For more financial information, click here
Official website here: www.gachamber.com
What is the mission statement of Georgia Chamber Of Commerce Foundation Inc?
The Georgia Chamber of Commerce Foundation focuses on educational activities that benefit both individuals and communities, primarily focusing on health care and workforce development issues in the state. The foundation promotes policy development in Georgia to address the crisis in health care financing and its impact on businesses and employees. Additionally, the foundation is involved in activities to enhance the training and marketability of Georgia's workforce, aiming to foster healthy economic growth across the state.
Official website here: www.gachamber.com
Who is the CEO of Georgia Chamber Of Commerce Foundation Inc?
James C Clark Jr is the Ceo/President of Georgia Chamber Of Commerce Foundation Inc. The CEO's salary of Georgia Chamber Of Commerce Foundation Inc is $0 and their total compensation is $973,128.
Official website here: www.gachamber.com
What is the revenue of Georgia Chamber Of Commerce Foundation Inc?
Georgia Chamber Of Commerce Foundation Inc's revenue in 2022 was $691,000.
Official website here: www.gachamber.com
Who are the executives of Georgia Chamber Of Commerce Foundation Inc and what are their salaries?
The average compensation at Georgia Chamber Of Commerce Foundation Inc during 2022 was $47,234. There are 11 employees and 7 volunteers at Georgia Chamber Of Commerce Foundation Inc.
Here are 11 key members and their salaries (Georgia Chamber Of Commerce Foundation Inc's CEO's salary is $0 and their total compensation is $973,128):
- Compensation: $0
- Related: $932,600
- Other: $40,528
- Compensation: $0
- Related: $284,896
- Other: $16,914
- Compensation: $0
- Related: $102,000
- Other: $24,189
- Compensation: $0
- Related: $111,048
- Other: $4,673
- 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
Official website here: www.gachamber.com
Where can I find the form 990 for Georgia Chamber Of Commerce Foundation Inc?
Georgia Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gachamber.com
Learn more at the official website: www.gachamber.com
Mission Statement of Georgia Chamber Of Commerce Foundation Inc
The Georgia Chamber of Commerce Foundation, in its mission, focuses on educating the public on matters beneficial to both individuals and the community. Primarily, it concentrates on the issues of healthcare and workforce development within the state of Georgia. The foundation actively promotes the development of policies that address the crisis in healthcare financing and its impact on Georgia businesses and employees. Recognizing the significance of a well-trained workforce, the foundation also engages in activities aimed at improving the training and marketability of Georgia's workforce. By doing so, it strives to foster healthy economic growth across the state.
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Impact
July, 2024
The Georgia Chamber of Commerce Foundation Inc is making a significant impact in Georgia by focusing on critical issues such as healthcare and workforce development. Through its activities, the foundation is actively working to address the crisis in health care financing and its impact on businesses and employees in the state. Additionally, the foundation is dedicated to improving the training and marketability of Georgia's workforce to foster healthy economic growth in all regions.
In 2022, the foundation played a key role in setting the long-term strategic direction of the Georgia Chamber of Commerce by conducting policy and data analysis, issuing amicus briefs, and organizing numerous policy committee meetings. The foundation also launched new member councils, including the Hub Chamber Council and the Manufacturing and Industry Council, to address specific industry needs and drive policy development based on research and best practices.
Moreover, the foundation has been actively involved in advocating for policies that strengthen Georgia's business climate, energy resources, healthcare access, innovation and technology, as well as legal reforms. Through its various committees, the foundation is focused on promoting economic growth, advancing workforce development, and addressing crucial issues such as talent development, automation, mental health, and equitable workforce practices.
Overall, the Georgia Chamber of Commerce Foundation Inc is dedicated to enhancing the economic well-being of Georgia by driving policy initiatives, fostering industry collaborations, and advocating for positive change in key sectors that impact businesses and communities across the state.
This information is meant to be a general summary of Georgia Chamber Of Commerce 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.
- Gross Receipts: $691,000
Assets and Liabilities:
- Total Assets: $1,049,882
- Total Liabilities: $908,524
- Net Assets: $141,358
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Organization Details
Founding Year
2007
Phone
(404) 223-2268Principal Officer
James C Clark Jr
Main Address
270 PEACHTREE STREET NW 2200, ATLANTA, GA, 30303
Website
www.gachamber.comNTEE Category
Code: S41 - Community improvement
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