Saint Paul Area Chamber Of Commerce Charitable Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411378952 ✦ St paul, MN ✦ Designated as a 501(c)(3)

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Overview

What is Saint Paul Area Chamber Of Commerce Charitable Foundation?

The Saint Paul Area Chamber of Commerce Charitable Foundation, situated at 401 North Robert Street 150, Saint Paul, Minnesota 55101, serves as the philanthropic arm of the Saint Paul Area Chamber of Commerce. Its primary mission is to foster the development and support of engaged leaders, thereby contributing to the vibrancy of the East Metro business community. The foundation accomplishes this by making targeted investments, primarily through events, meetings, and publications, which promote civic, social, commercial, and economic interests in Saint Paul and its surrounding area. The goal is to cultivate future business leaders and contribute to the overall growth and prosperity of the region.


Official website here: www.stpaulchamber.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97%, Four-Star out of Four Stars

The Saint Paul Area Chamber Of Commerce Charitable Foundation has received an impressive 97% rating from Charity Navigator, which reflects its strong commitment to accountability and financial transparency. This high score is based entirely on a single beacon score, emphasizing the foundation's dedication to maintaining rigorous standards in financial management.

The organization boasts a board composed of 88% independent members, which contributes to its governance integrity. Additionally, all essential policies regarding conflict of interest, whistleblower protections, and document retention are properly documented and readily available, showcasing its commitment to ethical practices. With a program expense ratio of 85.77%, the foundation allocates a significant portion of its resources directly to its mission-related activities.

While the organization demonstrates robust financial health, with a liabilities to assets ratio of 17.21%, the overall strengths significantly outweigh any limitations indicated in the data. This comprehensive approach to accountability and transparency positions the Saint Paul Area Chamber Of Commerce Charitable Foundation as a reliable and effective nonprofit within its community.


This AI summary has been generated from information found on Charity Navigator.

Is Saint Paul Area Chamber Of Commerce Charitable Foundation legitimate?

Saint Paul Area Chamber Of Commerce Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saint Paul Area Chamber Of Commerce Charitable 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: $166,532

For more financial information, click here


Official website here: www.stpaulchamber.com

What is the mission statement of Saint Paul Area Chamber Of Commerce Charitable Foundation?

The Saint Paul Area Chamber of Commerce Charitable Foundation serves as the fundraising arm of the chamber, enabling it to fully realize its vision. Its mission, in its own words, is to make targeted investments, aiming to develop and support engaged leaders who enhance the vibrant business community in the East Metro area. The foundation's activities primarily include backing events, meetings, and publications that contribute to the advancement of civic, social, commercial, and economic interests in the city of Saint Paul and its surrounding East Metro area.


Official website here: www.stpaulchamber.com

What is the revenue of Saint Paul Area Chamber Of Commerce Charitable Foundation?

Saint Paul Area Chamber Of Commerce Charitable Foundation's revenue in 2024 was $412,626.


Official website here: www.stpaulchamber.com

Who are the executives of Saint Paul Area Chamber Of Commerce Charitable Foundation and what are their salaries?

There 20 volunteers at Saint Paul Area Chamber Of Commerce Charitable Foundation.

Here are 18 key members and their salaries:


Brenda Kyle (President & Secretary)
  • Compensation: $0
  • Related: $218,216
  • Other: $23,126
Kathleen Lohmar Exel (Foundation Director)
  • Compensation: $0
  • Related: $91,932
  • Other: $8,576
Julia Jenson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Rynda (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karyn Berg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Cottrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicki Donlon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Therese Gales (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Glynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Blair Harrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Knutson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Lawrence (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Lutz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tamara Prato (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Emily Post (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Ordway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rachel Reiling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Madeline Rush (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.stpaulchamber.com

Where can I find the form 990 for Saint Paul Area Chamber Of Commerce Charitable Foundation?

Saint Paul Area Chamber Of Commerce Charitable Foundation's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.stpaulchamber.com

Learn more at the official website: www.stpaulchamber.com

Mission Statement of Saint Paul Area Chamber Of Commerce Charitable Foundation

The Saint Paul Area Chamber of Commerce Charitable Foundation's mission is centered around fostering the growth of future leaders and preparing the workforce of tomorrow. Acting as the fundraising arm of the Chamber, the Foundation's role is crucial in enabling the Chamber to fully realize its vision. Its primary objective is to make strategic investments in developing and supporting engaged leaders who contribute to a thriving business community within the East Metro area. The Foundation's activities encompass various events, meetings, and publications that advance civic, social, commercial, and economic interests within the city of Saint Paul and its surrounding East Metro area.

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Impact




July, 2024

The Saint Paul Area Chamber Of Commerce Charitable Foundation's impact is focused on growing strong leaders and preparing tomorrow's employees. By supporting events, meetings, and publications that advance civic, social, commercial, and economic interests in the city of Saint Paul and the surrounding east metro area, the foundation contributes to the development of an engaged and vibrant business community. Through targeted investments, the foundation helps develop individuals who enhance the overall business landscape in the east metro region, fostering community improvement.




This information is meant to be a general summary of Saint Paul Area Chamber Of Commerce Charitable 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.

Revenue
$412,626 (2024)
Expenses
$519,211 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $17
  • Program Service Revenue: $251,729
  • Gross Receipts: $419,691

Assets and Liabilities:

  • Total Assets: $402,273
  • Total Liabilities: $140,918
  • Net Assets: $261,355

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$133,186

OTHER PROGRAM FEES

Revenue

$107,543

SPONSORSHIPS

Revenue

$11,000

Organization Details

Founding Year

1976

Principal Officer

Brenda Kyle

NTEE Category

Code: S03 - Community improvement

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