Overview
What is Tipton County Chamber Foundation Inc?
Tipton County Chamber Foundation Inc, based in Tipton, Indiana, is a nonprofit organization with a mission to drive economic development within the county, ultimately creating job opportunities for its residents. By offering consulting services to local businesses, the foundation plays a pivotal role in fostering a thriving economic landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Tipton County Chamber Foundation Inc has received a score of 73%, which translates to a Two-Star rating. This score is derived exclusively from its Accountability & Finance metrics, indicating a strong emphasis on financial stewardship. The foundation excels in several areas, such as having a majority of independent board members and maintaining a favorable liabilities to assets ratio.
Key strengths include the foundation's full score in independent board size and its effective documentation of board meeting minutes. Additionally, it shows a solid performance in material diversion of assets, suggesting good governance practices. However, the overall score indicates room for improvement, particularly as it solely relies on the Accountability & Finance dimension, which may not reflect other operational facets.
While the foundation demonstrates a strong commitment to financial accountability, potential donors may want to consider the limited scope of the rating when evaluating its overall impact and effectiveness. Engaging with the foundation directly could provide further insight into its programs and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Tipton County Chamber Foundation Inc legitimate?
Tipton County Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tipton County 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 Tipton County Chamber Foundation Inc?
The Tipton County Chamber Foundation Inc's mission is centered around promoting economic development within the community. Specifically, their objective is to foster job creation for the residents of Tipton County. They accomplish this by providing consulting services to local businesses, aiming to stimulate economic growth and job opportunities.
Who is the CEO of Tipton County Chamber Foundation Inc?
Jan Smith is the Chairman of Tipton County Chamber Foundation Inc.
What is the revenue of Tipton County Chamber Foundation Inc?
Tipton County Chamber Foundation Inc's revenue in 2022 was -$11,869.
Who are the executives of Tipton County Chamber Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Tipton County Chamber Foundation Inc?
Tipton County Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tipton County Chamber Foundation Inc
Tipton County Chamber Foundation Inc is committed to promoting economic development within Tipton County and its community. Their primary mission, as expressed in third person, is to create job opportunities for the county's residents. To fulfill this mission, the organization provides consulting services to local businesses, aiming to foster growth and employment within the area. By supporting businesses in this manner, Tipton County Chamber Foundation Inc plays a vital role in driving economic development and improving the livelihoods of its residents.
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Impact
October, 2024
Tipton County Chamber Foundation Inc significantly impacts the local community by driving economic development in Tipton County and enhancing the quality of life for its residents. By providing consulting services to businesses, the foundation helps to foster growth and sustainability within the local economy, ultimately leading to the creation of jobs. This focus on economic development not only supports existing businesses but also encourages new ventures, contributing to a vibrant and diverse economic landscape. Through its efforts, the foundation plays a crucial role in community improvement, ensuring that residents have access to employment opportunities and a thriving economic environment.
This information is meant to be a general summary of Tipton County 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 2022.
- Investment Income: -$11,869
- Gross Receipts: $8,551
Assets and Liabilities:
- Total Assets: $508,719
- Total Liabilities: $0
- Net Assets: $508,719
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Organization Details
Founding Year
1997
Phone
(765) 675-8480Principal Officer
Jan Smith
Main Address
119 WEST MADISON STREET, TIPTON, IN, 46072
NTEE Category
Code: S30Z - Community improvement
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