Overview
What is Fresno Metro Black Chamber Foundation?
The Fresno Metro Black Chamber Foundation is a nonprofit organization dedicated to supporting and empowering small businesses. Their primary focus is on education and assistance, particularly through their green business program. This program encourages businesses to secure certifications, conserve resources, monitor air quality, and minimize greenhouse gas emissions, all while leveraging incentives. Furthermore, the foundation offers individual businesses technical assistance to enhance their strategies for procuring contracting opportunities. This holistic approach aims to foster the growth and success of local businesses within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Fresno Metro Black Chamber Foundation has received a rating of 65%, categorized as "Needs Improvement" by Charity Navigator. This score reflects strong accountability and finance practices, with perfect scores in independent board member representation and conflict of interest policies. However, significant concerns arise from their financial statements and overall fundraising efficiency, which detract from their otherwise solid accountability practices.
The organization demonstrates a high commitment to program expenses, achieving a program expense ratio of over 90%. This indicates a strong focus on utilizing funds for direct program activities rather than administrative costs. Nonetheless, the foundation struggles with financial reporting and transparency, as highlighted by their zero score for financial statements. This lack of clarity could hinder donor confidence and support.
While the chamber appears to be well-governed with policies in place for whistleblowing and document retention, the low fundraising efficiency ratio suggests that they may not be effectively converting donations into programmatic support. Addressing these financial reporting shortcomings and improving fundraising efforts could enhance their overall effectiveness and reputation in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Fresno Metro Black Chamber Foundation legitimate?
Fresno Metro Black Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fresno Metro Black 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Fresno Metro Black Chamber Foundation?
The Fresno Metro Black Chamber Foundation's mission is centered around education and support for small businesses. Specifically, they implement a green business program that utilizes incentives to certify businesses, promote energy conservation, monitor air quality, and decrease greenhouse gas emissions. Furthermore, the foundation offers technical assistance to individual businesses, helping them enhance their strategies for securing contracting opportunities.
Who is the CEO of Fresno Metro Black Chamber Foundation?
James W Lane Jr is the Treasurer of Fresno Metro Black Chamber Foundation.
What is the revenue of Fresno Metro Black Chamber Foundation?
Fresno Metro Black Chamber Foundation's revenue in 2022 was $3,577,548.
Who are the executives of Fresno Metro Black Chamber Foundation and what are their salaries?
There are 15 employees at Fresno Metro Black Chamber Foundation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Fresno Metro Black Chamber Foundation?
Fresno Metro Black Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fresno Metro Black Chamber Foundation
The Fresno Metro Black Chamber Foundation is dedicated to the education and assistance of small businesses. At its core, the organization's mission involves leveraging incentives to certify businesses in a green program. This program encourages businesses to conserve resources, monitor air quality, and reduce greenhouse gas emissions. Beyond the green program, the foundation also provides technical assistance to individual businesses, aiming to help them improve their strategies for securing contracting opportunities. By offering these services, the Fresno Metro Black Chamber Foundation seeks to empower small businesses in their operations.
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Impact
October, 2024
The Fresno Metro Black Chamber Foundation significantly impacts small businesses in the Fresno area by providing valuable education and resources tailored to their unique needs. Through its green business program, the foundation helps businesses become certified, enabling them to save on resources and lower their environmental footprint while contributing to improved air quality and reduced greenhouse gas emissions.
Additionally, the foundation offers technical assistance that empowers individual businesses to refine their strategies and enhance their contracting opportunities. This support not only helps businesses thrive but also fosters community improvement by promoting sustainable practices and economic growth. Overall, the foundation plays a vital role in strengthening the small business community and contributing to a healthier environment in Fresno.
This information is meant to be a general summary of Fresno Metro Black 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.
- Program Service Revenue: $46,158
- Gross Receipts: $3,577,548
Assets and Liabilities:
- Total Assets: $2,304,194
- Total Liabilities: $997,136
- Net Assets: $1,307,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL ASSISTANCE
Revenue
$46,158
Organization Details
Founding Year
2014
Principal Officer
James W Lane Jr
Main Address
1444 FULTON STREET STE 206, Fresno, CA, 93721
NTEE Category
Code: S31 - Community improvement
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