Overview
What is Shawano Chamber Foundation Inc?
Shawano Chamber Foundation Inc is a nonprofit organization situated in Shawano, Wisconsin. Its primary objective is to promote educational purposes, focusing on business administration and the development of leadership skills. They achieve this goal by offering programs to members of the Chamber of Commerce and other interested individuals within the local area. Notably, in 2007, the foundation completed a visitor center and educational facility, which they continue to use for community educational programs. Currently, their main initiative is Vision 2017, a program aiming to raise funds for the analysis and recruitment/expansion of local businesses, thereby creating job opportunities and boosting the local economy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star rating. This rating reflects a score based entirely on accountability and finance metrics, indicating that financial health is a significant aspect of the organization's evaluation. The overall score suggests that while the foundation demonstrates a basic level of transparency and financial responsibility, there are areas that could benefit from improvement.
The Shawano Chamber Foundation Inc shows strong governance features, including a fully independent board with a composition of 10 out of 10 points and no material diversion of assets. The foundation also effectively documents its board meeting minutes, reflecting a commitment to transparency and accountability. Additionally, its liabilities to assets ratio is relatively low at 12.41%, indicating sound financial management.
However, while the program expense ratio is relatively strong at 66.59%, it leaves some room for growth compared to the benchmarks set by other nonprofits. The organization may need to enhance its program spending to maximize impact and improve its overall rating in the future. The two-star rating suggests that while there are positive attributes, potential donors should consider these factors when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Shawano Chamber Foundation Inc legitimate?
Shawano Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shawano 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: $22,000
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What is the mission statement of Shawano Chamber Foundation Inc?
The Shawano Chamber Foundation Inc's mission is focused on enhancing educational purposes, particularly in the areas of business administration and leadership skill development. This mission is directed towards both members of the local Chamber of Commerce and other interested individuals within the geographical area. The foundation offers programs that aim to cultivate leadership skills within the community, providing resources and assistance to help individuals become more effective leaders. Additionally, they provide educational programs for businesses, and in 2007, they completed a visitor center and educational facility, which they use to offer community-wide educational programs. Currently, their main initiative is the Vision 2017 program, which aims to raise funds for analyzing and recruiting/expanding local businesses, ultimately creating jobs and boosting the local economy.
Who is the CEO of Shawano Chamber Foundation Inc?
Leann Gueths is the President of Shawano Chamber Foundation Inc.
What is the revenue of Shawano Chamber Foundation Inc?
Shawano Chamber Foundation Inc's revenue in 2022 was $77,907.
Who are the executives of Shawano Chamber Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Shawano Chamber Foundation Inc?
Shawano Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shawano Chamber Foundation Inc
The Shawano Chamber Foundation Inc is dedicated to enhancing educational purposes, primarily focusing on business administration and the development of leadership skills. This nonprofit organization aims to serve the interests of Chamber of Commerce members and other interested individuals within its geographical area. Through various programs, the Shawano Chamber Foundation Inc seeks to educate and empower its members, assisting them in improving their leadership skills and contributing to the betterment of the community.
In addition to its leadership development initiatives, the Shawano Chamber Foundation Inc has also been instrumental in providing educational programs for local businesses. In 2005, the organization acquired property with the intention of constructing a visitor center and educational facility. This facility, completed in 2007, has since been utilized to offer educational programs to the surrounding community.
As of now, the Shawano Chamber Foundation Inc's current initiative, Vision 2017, is geared towards raising funds for the analysis and recruitment/expansion of area businesses. The ultimate goal is to create job opportunities and bolster the local economy. Overall, the Shawano Chamber Foundation Inc is committed to fostering educational growth and promoting business development within its community.
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Impact
August, 2024
The Shawano Chamber Foundation Inc's impact is significant in the community by enhancing educational opportunities for business administration, developing leadership skills, and providing related programs to Chamber of Commerce members and other interested individuals in the area. One of their key initiatives is the Leadership Shawano County program, which educates participants on effective leadership and helps them improve their leadership skills. They also offer educational programs for businesses to support growth and development in the region.
Additionally, the foundation played a vital role in the establishment of a visitor center and educational facility in Shawano, providing a space for educational programs and community engagement. Their Vision 2017 program focuses on raising funds for analyzing and recruiting/expanding area businesses to create jobs and stimulate the local economy. Through these efforts, the Shawano Chamber Foundation Inc is making a positive impact on the community, promoting growth, leadership development, and economic vitality.
This information is meant to be a general summary of Shawano 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: $15
- Program Service Revenue: $17,315
- Gross Receipts: $129,178
Assets and Liabilities:
- Total Assets: $577,389
- Total Liabilities: $69,119
- Net Assets: $508,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$17,315
Organization Details
Phone
(715) 524-2139Principal Officer
Leann Gueths
Main Address
P O BOX 38, SHAWANO, WI, 54166
NTEE Category
Code: P80 - Human services
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