Overview
What is Greater Omaha Chamber Foundation?
The Greater Omaha Chamber Foundation, often referred to as Prosper Omaha or the Greater Omaha Economic Development Partnership, is a collaborative nonprofit organization based in Omaha, Nebraska. Their primary focus is to stimulate business growth, job creation, and investment within the Greater Omaha area. This encompasses supporting local businesses, from start-ups to Fortune 500 companies, as well as minority-owned and international businesses. Their industry focus includes agribusiness, military and defense, financial services, logistics, and life science. The foundation offers various services such as incentives, training, information on available sites and buildings, and comprehensive demographic, workforce, and community data. Additionally, they aim to assist businesses in navigating talent and workforce challenges and provide new programming to address these areas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Greater Omaha Chamber Foundation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and impact measurement. The organization scored particularly high in impact evaluation with a perfect score of 100, indicating effective programs that have positively influenced the community. Serving 572 beneficiaries in 2022 showcases its commitment to making a tangible difference.
Financially, the foundation demonstrates a solid program expense ratio of 92.42%, indicating that a significant portion of its funding goes directly to programs rather than administrative costs. Additionally, the liabilities to assets ratio stands at a manageable 18.82%, suggesting good financial health. However, its working capital ratio of 0.86 years may warrant attention, indicating that it has less than one year’s worth of operational funds available.
Overall, the Greater Omaha Chamber Foundation appears to be a well-managed nonprofit with a strong focus on measurable impact and efficient use of resources. While its financial ratios show promising results, the organization may benefit from strategies to enhance its working capital situation for future sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Omaha Chamber Foundation legitimate?
Greater Omaha Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Omaha 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: $360,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,557,978
For more financial information, click here
What is the mission statement of Greater Omaha Chamber Foundation?
The Greater Omaha Chamber Foundation's mission is centered around boosting business growth, employment opportunities, and investment in the broader community. This is achieved through various initiatives, such as supporting the expansion and attraction of businesses, from start-ups to large corporations, including minority-owned and international enterprises. The organization also focuses on specific industries, including agribusiness, financial services, logistics, and life science. To facilitate this development, they offer incentives, training, and provide information on available sites and buildings. Moreover, the foundation addresses businesses' talent and workforce challenges, offering new programming to tackle these issues.
Who is the CEO of Greater Omaha Chamber Foundation?
Tim Burke is the Principal Officer of Greater Omaha Chamber Foundation. The CEO's salary of Greater Omaha Chamber Foundation is $0 and their total compensation is $342,058.
What is the revenue of Greater Omaha Chamber Foundation?
Greater Omaha Chamber Foundation's revenue in 2022 was $4,514,245.
Who are the executives of Greater Omaha Chamber Foundation and what are their salaries?
The average compensation at Greater Omaha Chamber Foundation during 2022 was $64,846. There are 45 employees at Greater Omaha Chamber Foundation.
Here are 11 key members and their salaries (Greater Omaha Chamber Foundation's CEO's salary is $0 and their total compensation is $342,058):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $970,785
- Other: $87,825
- Compensation: $0
- Related: $210,095
- Other: $20,630
- Compensation: $0
- Related: $331,934
- Other: $10,124
- Compensation: $0
- Related: $143,553
- Other: $10,603
- Compensation: $124,853
- Related: $0
- Other: $10,771
- Compensation: $131,336
- Related: $0
- Other: $3,916
- Compensation: $102,717
- Related: $0
- Other: $11,263
- Compensation: $134,302
- Related: $0
- Other: $22,579
Where can I find the form 990 for Greater Omaha Chamber Foundation?
Greater Omaha Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Omaha Chamber Foundation
The Greater Omaha Chamber Foundation, a significant entity in its field, is dedicated to boosting business, employment, and investment within the broader Omaha area. Its mission is multifaceted, encompassing initiatives that attract, retain, and expand businesses, from fledgling start-ups to established Fortune 500 companies. The organization also places a strong emphasis on supporting minority-owned businesses and those operating internationally.
In alignment with its mission, the Greater Omaha Chamber Foundation focuses on specific industries with high potential for growth, such as agribusiness, military and defense, financial services, logistics, and life science. To achieve its objectives, the foundation offers a range of services, including incentives and training programs, information on available sites and buildings, and comprehensive demographic, workforce, and community data. Recognizing the challenges businesses face in regards to talent and workforce, the foundation has also implemented new programming to address these issues, further contributing to the overall economic development in the area.
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Impact
July, 2024
The Greater Omaha Chamber Foundation has a significant impact on the economic development and prosperity of the Greater Omaha area. Their focus on business retention, expansion, and attraction, spanning from startups to Fortune 500 companies, has contributed to the growth of various industries such as agribusiness, military and defense, financial services, logistics, and life sciences. By providing incentives, training, available sites and buildings, as well as demographic and workforce data, the foundation actively supports businesses in overcoming talent and workforce challenges. Their dedication to enhancing economic development activities and opportunities in the region demonstrates a commitment to fostering a thriving business environment and creating employment opportunities for the local community.
This information is meant to be a general summary of Greater Omaha 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 2022.
- Investment Income: -$250,820
- Program Service Revenue: $899,948
- Gross Receipts: $4,834,815
Assets and Liabilities:
- Total Assets: $5,307,272
- Total Liabilities: $795,832
- Net Assets: $4,511,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE CONTRACTS
Revenue
$745,373
TUITION
Revenue
$154,575
Organization Details
Founding Year
1981
Phone
(402) 978-7944Principal Officer
Tim Burke
Main Address
808 CONAGRA DRIVE SUITE 400, OMAHA, NE, 68102
NTEE Category
Code: S30 - Community improvement
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