Overview
What is Lima Area Chamber Foundation?
Lima Area Chamber Foundation is a nonprofit organization located at 144 S MAIN STREET ROOM/SUITE 100, Lima, Ohio 45801. Their primary mission is to establish and operate educational programs in the Lima and Allen County community. The foundation focuses on assisting individuals in pursuing education beyond high school, offering workshops, individual or group sessions, and classroom presentations on academic and college preparation. Their College Access/GEAR UP program aims to support individuals in Lima/Allen County and surrounding areas.
Official website here: www.limachamber.com/about/chamber-foundati
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Lima Area Chamber Foundation has received a solid rating of 84%, reflecting a commendable level of accountability and financial management. The organization has achieved a perfect score for its independent board members and financial oversight, which indicates strong governance practices. Additionally, the foundation demonstrates an impressive program expense ratio of 97.47%, suggesting that a significant portion of its resources is directed towards its mission-related activities.
However, there are notable limitations related to its policies. The foundation lacks a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for ensuring transparency and ethical governance. Furthermore, the absence of its tax form on the nonprofit's website may hinder potential donors from fully understanding its financial health, although the financial statements are otherwise managed well.
Overall, while the Lima Area Chamber Foundation displays strong accountability and financial health, addressing the identified policy gaps could further enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Lima Area Chamber Foundation legitimate?
Lima Area Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lima Area 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: $51,079
For more financial information, click here
Official website here: www.limachamber.com/about/chamber-foundati
What is the mission statement of Lima Area Chamber Foundation?
The Lima Area Chamber Foundation is established with the purpose of establishing and managing non-profit educational programs within its community. Its primary mission is to facilitate educational opportunities beyond high school for individuals residing in Lima and Allen County, as well as surrounding areas. This is achieved through various initiatives such as workshops, one-on-one sessions, and classroom presentations, all geared towards academic and college preparation.
Official website here: www.limachamber.com/about/chamber-foundati
Who is the CEO of Lima Area Chamber Foundation?
Jed Metzger is the Treasurer/Se of Lima Area Chamber Foundation.
Official website here: www.limachamber.com/about/chamber-foundati
What is the revenue of Lima Area Chamber Foundation?
Lima Area Chamber Foundation's revenue in 2022 was $789,133.
Official website here: www.limachamber.com/about/chamber-foundati
Who are the executives of Lima Area Chamber Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.limachamber.com/about/chamber-foundati
Where can I find the form 990 for Lima Area Chamber Foundation?
Lima Area Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.limachamber.com/about/chamber-foundati
Learn more at the official website: www.limachamber.com/about/chamber-foundati
Mission Statement of Lima Area Chamber Foundation
The Lima Area Chamber Foundation, a non-profit organization, is established with the purpose of creating and managing educational programs within the Lima and Allen County community. Its mission is geared towards establishing and running non-profit educational initiatives, aiming to support individuals in pursuing higher education beyond high school. The foundation accomplishes this by offering workshops, individual or group sessions, and classroom presentations focusing on academic and college preparation. These programs are designed to assist individuals in Lima/Allen County, as well as surrounding areas, in their educational journey, ultimately contributing to the betterment of their future.
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Impact
October, 2024
The Lima Area Chamber Foundation significantly impacts the Lima and Allen County community by enhancing educational opportunities and providing vital resources for individuals seeking to further their education beyond high school. Through its College Access/Gear Up program, the foundation offers comprehensive support, including workshops, individual and group sessions, and classroom presentations. These initiatives equip participants with the necessary tools for academic and college preparation, fostering a culture of education and empowerment in the region. The foundation’s efforts not only promote higher education aspirations but also contribute to the overall development and success of the community by encouraging lifelong learning and personal growth.
This information is meant to be a general summary of Lima Area 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: $851
- Program Service Revenue: $60,188
- Gross Receipts: $968,600
Assets and Liabilities:
- Total Assets: $2,696,383
- Total Liabilities: $1,020,034
- Net Assets: $1,676,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$54,650
PROGRAMS AND EVENTS
Revenue
$5,538
Organization Details
Founding Year
1986
Phone
(419) 222-6045Principal Officer
Jed Metzger
Main Address
144 S MAIN STREET ROOM/SUITE 100, LIMA, OH, 45801
NTEE Category
Code: B80 - Education
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