Overview
What is Siouxland Chamber Foundation?
The Siouxland Chamber Foundation is a community-focused nonprofit organization situated in Sioux City, Iowa. With an address at 101 Pierce Street, its primary mission is to foster business growth in the Siouxland area. This is accomplished through various initiatives, with the ultimate goal of enriching the community as a whole. The foundation's activities are geared towards promoting business development, thereby contributing positively to the local economy and community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Stars
The Siouxland Chamber Foundation has received a One-Star rating from Charity Navigator, based on an overall score of 54%. This rating indicates significant concerns regarding the organization's financial health, particularly in its program expenses, which are low at 31.17%. The score is derived entirely from the Accountability & Finance beacon, which highlights the importance of transparent and effective financial management.
Despite the low overall score, the foundation demonstrates strengths in governance practices. It has a fully independent board, with 100% of its members meeting this criterion, and it has implemented essential policies for conflict of interest, whistleblowing, and document retention. These factors contribute positively to its accountability measures, indicating that the organization is committed to ethical standards in its operations.
However, the foundation's financial ratios raise red flags, with a liabilities-to-assets ratio of 4.55%, which suggests potential financial instability. The organization may need to enhance its program spending to improve its impact and effectiveness in serving its mission. Overall, while the Siouxland Chamber Foundation exhibits strong governance practices, its financial challenges are areas that require immediate attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Siouxland Chamber Foundation legitimate?
Siouxland Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Siouxland Chamber 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: $0
For more financial information, click here
What is the mission statement of Siouxland Chamber Foundation?
The Siouxland Chamber Foundation's mission is centered around fostering business growth in the broader Siouxland region. This mission is executed through various initiatives aimed at promoting business development within the community. The organization undertakes activities that serve to unite the Siouxland community, with a primary focus on driving economic progress and development. A notable project organized by the foundation is designed to bring the community together, contributing to the overall development and cohesion of the region.
What is the revenue of Siouxland Chamber Foundation?
Siouxland Chamber Foundation's revenue in 2024 was $172,648.
Who are the executives of Siouxland Chamber Foundation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $306,463
- Other: $63,282
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- Other: $0
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- Other: $0
Where can I find the form 990 for Siouxland Chamber Foundation?
Siouxland Chamber Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Siouxland Chamber Foundation
The Siouxland Chamber Foundation, a community-driven entity, is committed to fostering business growth in the Siouxland area. Their primary objective is to promote business development, aiming to bolster the local economy and improve the overall community. This mission is carried out through various initiatives and projects, designed to bring together the diverse elements of the Siouxland community. The foundation's activities are geared towards fostering a thriving business environment, thereby contributing to the overall well-being and progress of the community.
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Impact
August, 2024
The Siouxland Chamber Foundation's impact is focused on promoting business development in the Siouxland area. Through community projects designed to bring the Siouxland community together, the foundation works towards enhancing economic opportunities and fostering a thriving business environment. Their mission is dedicated to advancing the growth and development of businesses in the region, ultimately contributing to the overall improvement of the community.
This information is meant to be a general summary of Siouxland Chamber 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 2024.
- Investment Income: $18,390
- Program Service Revenue: $7,847
- Gross Receipts: $388,388
Assets and Liabilities:
- Total Assets: $1,346,101
- Total Liabilities: $119,711
- Net Assets: $1,226,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DOWNTOWN LIVE REVENUE
Revenue
$7,847
Organization Details
Founding Year
1974
Principal Officer
Christopher Mcgowan
NTEE Category
Code: S41 - Community improvement
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