Overview
What is Sioux Falls Area Chamber Of Commerce Foundation?
The Sioux Falls Area Chamber of Commerce Foundation is a nonprofit organization situated in Sioux Falls, South Dakota. Their primary focus is to support initiatives that promote the development of affordable housing for the local community's low and moderate-income citizens. Additionally, they offer educational programs for first-time homebuyers and renters to assist them in making informed decisions. Furthermore, the foundation engages in research that benefits the community and provides grants to support educational programs for youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Sioux Falls Area Chamber Of Commerce Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% in this category, the foundation demonstrates sound management practices, thorough oversight, and no material diversion of assets, ensuring donor contributions are utilized effectively.
The organization boasts a fully independent board, consisting of 12 members, which enhances its governance structure and decision-making processes. It adheres to several best practices, including listed conflict of interest and whistleblower policies, alongside maintaining transparency through documented board meeting minutes. The foundation's impressive program expense ratio of 95.09% indicates a strong focus on its mission-driven activities.
While the foundation's financial health is robust, with a 0.00% liabilities to assets ratio, the overall review highlights its strengths in operational integrity and commitment to responsible financial practices. This level of accountability reinforces trust among stakeholders and donors alike, showcasing the foundation as a reliable entity in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Sioux Falls Area Chamber Of Commerce Foundation legitimate?
Sioux Falls Area Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sioux Falls Area Chamber Of Commerce 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.
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What is the mission statement of Sioux Falls Area Chamber Of Commerce Foundation?
The Sioux Falls Area Chamber of Commerce Foundation's mission is centered around providing grants that significantly contribute to various initiatives. One of these focuses is supporting educational programs for youth, aiming to equip them with valuable knowledge. Another crucial aspect of their mission is assisting in research that benefits the community. Furthermore, the foundation is dedicated to stimulating the construction of affordable housing for low and moderate income citizens, thereby addressing a pressing need in the area. In addition, they offer educational programs for first-time home buyers and renters, aiming to empower them with the necessary skills for home ownership.
Who is the CEO of Sioux Falls Area Chamber Of Commerce Foundation?
Jeffrey M Griffin is the Principal Officer of Sioux Falls Area Chamber Of Commerce Foundation.
What is the revenue of Sioux Falls Area Chamber Of Commerce Foundation?
Sioux Falls Area Chamber Of Commerce Foundation's revenue in 2021 was $0.
Who are the executives of Sioux Falls Area Chamber Of Commerce Foundation and what are their salaries?
There 12 volunteers at Sioux Falls Area Chamber Of Commerce Foundation.
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- Other: $28,623
Where can I find the form 990 for Sioux Falls Area Chamber Of Commerce Foundation?
Sioux Falls Area Chamber Of Commerce Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Sioux Falls Area Chamber Of Commerce Foundation
The Sioux Falls Area Chamber of Commerce Foundation is dedicated to serving its community by providing grants that promote educational programs for youth, support research that benefits the area, and stimulate the construction of affordable housing for low and moderate income citizens. The organization's mission is multifaceted, aiming to enhance the educational opportunities for the city's youth, contribute to community-improving research, and encourage the establishment of programs that foster the development of affordable housing. By providing these grants, the Sioux Falls Area Chamber of Commerce Foundation actively works towards improving the living conditions and educational prospects of its community's less fortunate citizens. Additionally, the foundation offers educational programs for first-time homebuyers and renters, equipping them with the necessary knowledge to navigate the housing market and secure stable living situations.
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Impact
October, 2024
The Sioux Falls Area Chamber of Commerce Foundation significantly impacts the community by providing grants that support educational programs for youth, fostering research initiatives beneficial to the community, and promoting affordable housing construction for low and moderate-income residents. Through its efforts, the foundation ensures that first-time homebuyers and renters receive essential educational resources, equipping them with the knowledge needed to navigate the housing market effectively. By stimulating the establishment of affordable housing programs, the foundation enhances the overall quality of life for citizens and contributes to the growth and sustainability of the Sioux Falls area.
This information is meant to be a general summary of Sioux Falls Area Chamber Of Commerce 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1987
Phone
(605) 336-1620Principal Officer
Jeffrey M Griffin
Main Address
200 N PHILLIPS AVE NO 200, SIOUX FALLS, SD, 57104
NTEE Category
Code: T11 - Philanthropy
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