Overview
What is Montgomery County Chamber Community Foundation Inc?
Montgomery County Chamber Community Foundation Inc is a nonprofit organization located at 51 Monroe Street, Rockville, Maryland 20850. Their primary mission is to educate the public on various topics, including economic matters, green business, public safety, health, and wellness, as well as other community-related issues. They offer a unique educational training program named Veteran's Institute for Procurement, which is completely free for veteran business owners, principals, and C-level executives, funded by the foundation and its sponsors. The program aims to equip these individuals with essential skills and knowledge.
Official website here: www.montgomerycountychamber.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Montgomery County Chamber Community Foundation Inc has received an 81% rating from Charity Navigator, indicating a commendable level of accountability and financial health. This score is based entirely on the charity's performance in the Accountability & Finance beacon, where it achieved particularly strong scores in areas such as board independence, audit oversight, and the presence of essential policies.
The foundation's board is composed entirely of independent members, contributing to its high governance ratings. It has a robust structure with 16 independent board members and has implemented necessary policies, including conflict of interest and whistleblower protections. Moreover, the charity has demonstrated effective financial management with a program expense ratio of 86.18%, suggesting that a significant portion of its expenses directly supports its programs.
However, the organization received a lower score in its liabilities to assets ratio, which may indicate potential financial risk. Despite this limitation, the overall financial practices and governance structure appear strong, supporting confidence in the foundation's operations and mission.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery County Chamber Community Foundation Inc legitimate?
Montgomery County Chamber Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Chamber Community 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: $303,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $438,461
For more financial information, click here
Official website here: www.montgomerycountychamber.com/foundation
What is the mission statement of Montgomery County Chamber Community Foundation Inc?
The Montgomery County Chamber Community Foundation Inc's mission is centered around educating the public on various community-related issues, including economic matters, green business, public safety, health and wellness, and more. This education extends beyond Montgomery County, reaching regions and individuals nationwide. The foundation is actively involved in initiatives such as the Veteran's Institute for Procurement, a free educational training program for veteran business owners, principals, and executives, funded by the foundation and its sponsors.
Official website here: www.montgomerycountychamber.com/foundation
Who is the CEO of Montgomery County Chamber Community Foundation Inc?
Barbara Ashe is the President of Montgomery County Chamber Community Foundation Inc.
Official website here: www.montgomerycountychamber.com/foundation
What is the revenue of Montgomery County Chamber Community Foundation Inc?
Montgomery County Chamber Community Foundation Inc's revenue in 2023 was $1,350,303.
Official website here: www.montgomerycountychamber.com/foundation
Who are the executives of Montgomery County Chamber Community Foundation Inc and what are their salaries?
Here are 20 key members and their salaries:
- Compensation: $200,047
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- Compensation: $47,033
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- Other: $4,341
- Compensation: $115,814
- Related: $0
- Other: $4,220
Official website here: www.montgomerycountychamber.com/foundation
Where can I find the form 990 for Montgomery County Chamber Community Foundation Inc?
Montgomery County Chamber Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.montgomerycountychamber.com/foundation
Learn more at the official website: www.montgomerycountychamber.com/foundation
Mission Statement of Montgomery County Chamber Community Foundation Inc
Montgomery County Chamber Community Foundation Inc is dedicated to enlightening the public on various economic, environmental, public safety, health, and wellness issues, as well as other community-related matters, in Montgomery County and beyond. To achieve this mission, the foundation provides education and training programs. One of their notable initiatives is the Veteran's Institute for Procurement, a free national educational program designed for veteran business owners, principals, and C-level executives. This program, funded by the foundation and its sponsors, aims to equip and empower veteran entrepreneurs with the necessary tools and knowledge to thrive in their businesses.
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Impact
October, 2024
Montgomery County Chamber Community Foundation Inc has made a significant impact through its Veterans Institute for Procurement, a notable educational training program dedicated to veteran business owners, principals, and C-level executives. This initiative is instrumental in empowering veterans by providing them with essential skills and knowledge at no cost, promoting their success in the business arena.
The foundation's broader mission encompasses educating the public on vital economic matters, green business practices, public safety, health and wellness, and other community-related issues not just in Montgomery County, but also in surrounding regions and nationally. By addressing these critical areas, the foundation plays a crucial role in enhancing the quality of life and fostering a knowledgeable and engaged community. Its commitment to public education and support for veterans showcases a holistic approach to community development and well-being.
This information is meant to be a general summary of Montgomery County Chamber Community 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.
- Investment Income: $16,925
- Program Service Revenue: $149,238
- Gross Receipts: $1,440,765
Assets and Liabilities:
- Total Assets: $2,376,395
- Total Liabilities: $2,208,750
- Net Assets: $167,645
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$144,238
EVENT REGISTRATIONS
Revenue
$5,000
Organization Details
Founding Year
2008
Phone
(301) 738-0015Principal Officer
Barbara Ashe
Main Address
51 MONROE STREET 1800, ROCKVILLE, MD, 20850
NTEE Category
Code: P99 - Human services
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