Overview
What is The Chamber Foundation Inc?
The Chamber Foundation Inc, situated in Poughkeepie, New York, is a nonprofit organization dedicated to fostering a skilled workforce. They achieve this goal by providing education and employment support to income-eligible youth and adults aged 14-24, with the aim of establishing career pathways in accordance with federal, state, and local program guidelines. The foundation, in collaboration with the Dutchess County Regional Chamber of Commerce, Inc., offers workshops and educational opportunities through scholarships and a workforce development program, educating and instructing individuals to enhance their skills and employability. With a team of 22 dedicated professionals, The Chamber Foundation Inc plays a significant role in strengthening the local workforce and contributing to the community's economic growth.
Official website here: www.chamberfdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star Rating. The Chamber Foundation Inc scores an 89%, reflecting a solid level of accountability and finance management. This score is derived entirely from its Accountability & Finance category, emphasizing that the organization meets important standards in financial stewardship.
The Chamber Foundation demonstrates strong oversight with a fully independent board, comprising 100% independent members. The organization also exhibits good practices in financial reporting, as evidenced by its lack of material diversion of assets and the presence of an audit and oversight committee. Additionally, it has established comprehensive policies regarding conflict of interest and whistleblower protections, which further strengthen its governance framework.
However, while the foundation has a decent program expense ratio of 64.51%, this indicates that a significant portion of its expenses may not directly support its programs. This could be an area for potential improvement to enhance the effectiveness of its charitable efforts. Overall, the Chamber Foundation Inc shows commendable performance in financial accountability, with room for growth in maximizing programmatic spending.
This AI summary has been generated from information found on Charity Navigator.
Is The Chamber Foundation Inc legitimate?
The Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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: $597,960
For more financial information, click here
Official website here: www.chamberfdn.org
What is the mission statement of The Chamber Foundation Inc?
The Chamber Foundation Inc's mission is to aid in the development and support of a skilled workforce within their community. They achieve this by fostering educational opportunities through scholarships and coordinating a workforce development program. This program provides training, education, and employment support to income-eligible youth and adults, with the goal of establishing career pathways in accordance with federal, state, and local guidelines. The foundation serves 76 individuals, both in-school and out-of-school, to improve their educational and employment skills.
Official website here: www.chamberfdn.org
Who is the CEO of The Chamber Foundation Inc?
Frank Castella Jr is the Chair of The Chamber Foundation Inc. The CEO's salary of The Chamber Foundation Inc is $0 and their total compensation is $157,976.
Official website here: www.chamberfdn.org
What is the revenue of The Chamber Foundation Inc?
The Chamber Foundation Inc's revenue in 2022 was $1,304,292.
Official website here: www.chamberfdn.org
Who are the executives of The Chamber Foundation Inc and what are their salaries?
The average compensation at The Chamber Foundation Inc during 2022 was $27,180. There are 22 employees and 238 volunteers at The Chamber Foundation Inc.
Here are 17 key members and their salaries (The Chamber Foundation Inc's CEO's salary is $0 and their total compensation is $157,976):
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- Related: $147,015
- Other: $10,961
- Compensation: $86,719
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Official website here: www.chamberfdn.org
Where can I find the form 990 for The Chamber Foundation Inc?
The Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chamberfdn.org
Learn more at the official website: www.chamberfdn.org
Mission Statement of The Chamber Foundation Inc
The Chamber Foundation Inc is committed to assisting its affiliated Dutchess County Regional Chamber of Commerce in building and supporting a competent workforce. To achieve this, the foundation focuses on fostering educational opportunities through scholarships and coordinating a workforce development program. This program instructs and educates income-eligible youth and adults, aged 14-24, with the objective of establishing career pathways. The program adheres to federal, state, and local program guidelines, providing services to 76 individuals to enhance their educational and employment skills.
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Impact
July, 2024
The Chamber Foundation Inc, through its workforce program, plays a crucial role in providing training, education, and employment support to income-eligible youth aged 14-24. By offering services aimed at improving educational and employment skills, the organization helps individuals establish career pathways in alignment with federal, state, and local guidelines. With a focus on fostering educational opportunities through scholarships and coordinating workforce development initiatives, The Chamber Foundation Inc significantly contributes to the building and support of a qualified workforce in the Dutchess County region.
This information is meant to be a general summary of The 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: $5,602
- Program Service Revenue: $535,761
- Gross Receipts: $1,557,488
Assets and Liabilities:
- Total Assets: $1,028,200
- Total Liabilities: $136,998
- Net Assets: $891,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DC YOUTH ONE STOP
Revenue
$316,481
LEADERSHIP PROGRAMS
Revenue
$144,708
OTHER PROGRAMS
Revenue
$74,572
Organization Details
Founding Year
2002
Phone
(845) 454-1700Principal Officer
Frank Castella Jr
Main Address
1 CIVIC CENTER PLAZA 400, POUGHKEEPSIE, NY, 12601
Website
www.chamberfdn.orgNTEE Category
Code: J20 - Employment
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