Overview
What is Us Chamber Of Commerce Foundation?
The US Chamber of Commerce Foundation is a nonprofit organization located in Washington, D.C. With a team of 65 employees, they utilize business solutions to benefit America and the world. One of their notable initiatives is Hiring Our Heros (HOH), a nationwide program aimed at helping veterans, military personnel in transition, and their spouses secure gainful employment. The foundation's mission encompasses harnessing the power of businesses to create positive changes for the community.
Official website here: www.uschamberfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94% (Four-Star out of Four Star rating)
The Us Chamber Of Commerce Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high rating is primarily based on its accountability practices, with a score of 94%. The organization's transparent financial practices are evidenced by an independent board composition and thorough oversight regarding financial statements.
Strengths of the foundation include a robust governance structure, with 83% of board members being independent, and a range of well-implemented policies such as conflict of interest and whistleblower policies. Additionally, the foundation shows impressive financial health, with a high program expense ratio of 90.23%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. The organization also demonstrates efficient fundraising, with a minimal cost of $0.04 to raise a dollar.
While the foundation has many strengths, it’s important to consider that it primarily excels in accountability and finances, with limited information provided on programmatic outcomes or impact. Therefore, while financial integrity is evident, stakeholders may desire further insights into the effectiveness and reach of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Us Chamber Of Commerce Foundation legitimate?
Us Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Chamber Of Commerce 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: $1,595,437
Professional Fundraising Fees: $70,000
Other Salaries and Wages: $6,358,857
For more financial information, click here
Official website here: www.uschamberfoundation.org
What is the mission statement of Us Chamber Of Commerce Foundation?
The US Chamber of Commerce Foundation utilizes the power of business to generate solutions for the betterment of America and the world. Their mission is geared towards harnessing this potential to create positive impacts. One of their initiatives, Hiring Our Heroes, is a nationwide program designed to help veterans, transitioning military members, and military spouses secure employment with meaningful opportunities.
Official website here: www.uschamberfoundation.org
Who is the CEO of Us Chamber Of Commerce Foundation?
Suzanne Clark is the CEO of Us Chamber Of Commerce Foundation The CEO's salary of Us Chamber Of Commerce Foundation is $0 and their total compensation is $6,658,776.
Official website here: www.uschamberfoundation.org
What is the revenue of Us Chamber Of Commerce Foundation?
Us Chamber Of Commerce Foundation's revenue in 2023 was $37,774,439.
Official website here: www.uschamberfoundation.org
Who are the executives of Us Chamber Of Commerce Foundation and what are their salaries?
The average compensation at Us Chamber Of Commerce Foundation during 2023 was $118,721. There are 67 employees and 85 volunteers at Us Chamber Of Commerce Foundation.
Here are 18 key members and their salaries (Us Chamber Of Commerce Foundation's CEO's salary is $0 and their total compensation is $6,658,776):
- Compensation: $0
- Related: $6,066,261
- Other: $592,515
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,857,223
- Other: $149,059
- Compensation: $0
- Related: $764,670
- Other: $47,208
- Compensation: $363,249
- Related: $266,628
- Other: $57,289
- Compensation: $0
- Related: $570,505
- Other: $49,365
- Compensation: $0
- Related: $149,998
- Other: $9,939
- Compensation: $329,976
- Related: $200,000
- Other: $36,174
- Compensation: $373,902
- Related: $0
- Other: $68,804
- Compensation: $324,918
- Related: $0
- Other: $65,375
- Compensation: $0
- Related: $365,247
- Other: $52,909
- Compensation: $216,199
- Related: $0
- Other: $75,472
- Compensation: $0
- Related: $242,940
- Other: $47,215
- Compensation: $224,339
- Related: $0
- Other: $13,957
- Compensation: $209,605
- Related: $0
- Other: $20,869
Official website here: www.uschamberfoundation.org
Where can I find the form 990 for Us Chamber Of Commerce Foundation?
Us Chamber Of Commerce Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uschamberfoundation.org
Learn more at the official website: www.uschamberfoundation.org
Mission Statement of Us Chamber Of Commerce Foundation
The US Chamber of Commerce Foundation is a powerful entity that utilizes the influence of business to generate solutions that benefit America and the global community. Its primary objective is to harness this power for the greater good.
One of the initiatives spearheaded by the US Chamber of Commerce Foundation is Hiring Our Heroes (HOH). This nationwide campaign is dedicated to helping veterans, military service members in transition, and their spouses secure gainful employment. By connecting these individuals with potential employers and providing them with necessary resources, HOH plays a pivotal role in facilitating their successful transition from military life to civilian employment.
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Impact
October, 2024
The US Chamber of Commerce Foundation has a significant impact through initiatives that leverage the strengths of the business community to create practical solutions for societal challenges. One of its key programs, Hiring Our Heroes (HOH), addresses the critical issue of veteran employment by assisting veterans, transitioning service members, and military spouses in securing meaningful jobs. This nationwide effort not only supports the individuals involved but also benefits businesses by connecting them with skilled and dedicated personnel.
By focusing on education and workforce development, the Foundation helps to bridge the gap between service members entering civilian life and potential employers. This initiative contributes to economic growth and strengthens communities by ensuring that those who have served the country have the opportunity to thrive in their post-military careers. Through these efforts, the US Chamber of Commerce Foundation fosters a more robust economy and enhances the well-being of American society.
This information is meant to be a general summary of Us Chamber Of Commerce 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 2023.
- Investment Income: $1,707,024
- Program Service Revenue: $1,497,143
- Gross Receipts: $43,483,453
Assets and Liabilities:
- Total Assets: $56,374,001
- Total Liabilities: $6,479,278
- Net Assets: $49,894,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Sponsorship & meetings
Revenue
$864,693
Professional training
Revenue
$518,507
Govt svc grants
Revenue
$83,560
Sales promotion
Revenue
$29,913
Publication Sales
Revenue
$470
Organization Details
Founding Year
2012
Principal Officer
Stefan Freiberg
Website
www.uschamberfoundation.orgNTEE Category
Code: B05 - Education
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