Overview
What is South Shore Chamber Community Development Corp?
The South Shore Chamber Community Development Corp is a nonprofit organization, headquartered unspecified, that is dedicated to fostering small businesses within its community. Their primary focus is on providing training and seminars to help these businesses thrive and grow. Through their mission, they aim to contribute positively to the local economy and business landscape, promoting sustainable growth and development.
Official website here: www.southshorechamberinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
The South Shore Chamber Community Development Corporation has received an 81% rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The charity's score is derived solely from its Accountability & Finance metrics, where it excels in various categories, such as having a fully independent board and no material diversion of assets, showcasing a commitment to transparency and governance.
The organization demonstrates strong financial health with a program expense ratio of 91.22%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the charity has effective policies in place, including a conflict of interest policy and a whistleblower policy, which contribute to its overall accountability.
While the rating reflects positively on the organization's financial practices, it is important for potential donors and supporters to consider the broader impact and effectiveness of its programs beyond financial metrics. Nonetheless, the South Shore Chamber Community Development Corporation appears to maintain robust operational practices that support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Shore Chamber Community Development Corp legitimate?
South Shore Chamber Community Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Shore Chamber Community Development Corp 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:
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Other Salaries and Wages: $246,945
For more financial information, click here
Official website here: www.southshorechamberinc.org
What is the mission statement of South Shore Chamber Community Development Corp?
The South Shore Chamber Community Development Corp is dedicated to the mission of fostering small business growth through development, training, and seminars. Their primary goal is to equip businesses with the necessary tools and knowledge for success. They carry out this mission by offering training programs and hosting seminars, aiming to empower small businesses and contribute to their growth and development.
Official website here: www.southshorechamberinc.org
What is the revenue of South Shore Chamber Community Development Corp?
South Shore Chamber Community Development Corp's revenue in 2023 was $1,989,918.
Official website here: www.southshorechamberinc.org
Who are the executives of South Shore Chamber Community Development Corp and what are their salaries?
The average compensation at South Shore Chamber Community Development Corp during 2023 was $61,736. There are 4 employees and 10 volunteers at South Shore Chamber Community Development Corp.
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Official website here: www.southshorechamberinc.org
Where can I find the form 990 for South Shore Chamber Community Development Corp?
South Shore Chamber Community Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southshorechamberinc.org
Learn more at the official website: www.southshorechamberinc.org
Mission Statement of South Shore Chamber Community Development Corp
South Shore Chamber Community Development Corp is dedicated to fostering the growth and development of small businesses. Their mission encompasses providing essential training and seminars to aid these businesses in their operations. By offering such resources, the organization aims to empower small businesses, thereby contributing to the overall economic prosperity of the community at large.
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Impact
October, 2024
South Shore Chamber Community Development Corp plays a vital role in fostering economic growth and community improvement in Chicago by focusing on small business development. Through targeted training and seminars, the organization equips local entrepreneurs with essential skills and knowledge needed to thrive in a competitive market. By investing in the development of small businesses, it helps create jobs, stimulate local economies, and enhance the overall quality of life in the South Shore community. The initiatives organized by the Chamber empower individuals to turn their business ideas into reality, encouraging innovation and resilience in the local economy. Overall, the impact of South Shore Chamber Community Development Corp is seen in the strengthened business landscape, increased employment opportunities, and a more vibrant community.
This information is meant to be a general summary of South Shore Chamber Community Development Corp. 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: $2,756
- Program Service Revenue: $201,488
- Gross Receipts: $2,013,918
Assets and Liabilities:
- Total Assets: $147,923
- Total Liabilities: $69,672
- Net Assets: $78,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Special Service Area A
Revenue
$181,815
Other Revenue
Revenue
$14,673
Fiscal agent fee
Revenue
$5,000
Organization Details
Founding Year
1998
Principal Officer
Tonya Trice
Website
www.southshorechamberinc.orgNTEE Category
Code: S20 - Community improvement
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