Overview
What is Nacogdoches County Chamber Foundation Inc?
Nacogdoches County Chamber Foundation Inc is a nonprofit organization located at 2516 North Street, Nacogdoches, Texas 75965. Its primary objective is to offer permanent meeting facilities for the Nacogdoches County Chamber of Commerce and various small non-profit organizations in the area. Additionally, this foundation raises funds to grant scholarships to graduating high school seniors residing in Nacogdoches County. The aim is to support the growth and development of both the business community and local students.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The Nacogdoches County Chamber Foundation Inc. holds a two-star rating from Charity Navigator, indicating a need for improvement. The overall score of 73% reflects strong accountability and financial management in several areas, such as having a fully independent board and no reported material diversion of assets. Their program expense ratio is commendably at 100%, suggesting that all funds are directed towards their programs.
However, the organization has several significant weaknesses that are impacting its rating. Notably, it lacks essential governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. The absence of these critical documents reflects a need for better internal controls and transparency.
Additionally, the charity does not provide a tax form on its website, which contributes to its lower score in the transparency segment. As they address these areas, there is potential for improvement in their rating, which could enhance trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Nacogdoches County Chamber Foundation Inc legitimate?
Nacogdoches County Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nacogdoches County 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Nacogdoches County Chamber Foundation Inc?
The Nacogdoches County Chamber Foundation Inc is committed to serving both the Nacogdoches County Chamber of Commerce and other local non-profit organizations by providing them with permanent meeting facilities. In addition to this, the foundation aims to raise funds to offer scholarships for graduating high school seniors in the Nacogdoches County area. By providing these resources, the foundation seeks to support the growth and development of its community.
Who is the CEO of Nacogdoches County Chamber Foundation Inc?
Rusty Rust is the Director of Nacogdoches County Chamber Foundation Inc.
What is the revenue of Nacogdoches County Chamber Foundation Inc?
Nacogdoches County Chamber Foundation Inc's revenue in 2022 was $60,828.
Who are the executives of Nacogdoches County Chamber Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Nacogdoches County Chamber Foundation Inc?
Nacogdoches County Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nacogdoches County Chamber Foundation Inc
The Nacogdoches County Chamber Foundation Inc is dedicated to serving a dual purpose. Firstly, it aims to provide permanent meeting facilities for the Nacogdoches County Chamber of Commerce, as well as other non-profit organizations in the area. This ensures that these organizations have a reliable space to conduct their meetings and activities.
Secondly, the foundation is committed to raising funds to offer scholarships to graduating high school seniors in Nacogdoches County. By providing financial assistance, the foundation helps these students pursue their higher education, potentially opening up opportunities for personal growth and career advancement. This initiative not only benefits the individuals but also contributes to the overall development of the community.
In essence, the Nacogdoches County Chamber Foundation Inc plays a crucial role in supporting local organizations and encouraging educational growth among the youth in the community. It provides physical spaces for meetings and fosters the academic aspirations of young people by offering scholarships.
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Impact
August, 2024
The Nacogdoches County Chamber Foundation Inc's impact includes providing permanent meeting facilities for the Nacogdoches County Chamber of Commerce and other small non-profits. Additionally, the foundation raises funds to provide scholarships for graduating high school seniors in Nacogdoches County. Through these initiatives, the foundation contributes to community improvement by supporting local businesses, organizations, and students in Nacogdoches, Texas.
This information is meant to be a general summary of Nacogdoches County 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: $87
- Program Service Revenue: $10,395
- Gross Receipts: $60,828
Assets and Liabilities:
- Total Assets: $411,056
- Total Liabilities: $83,750
- Net Assets: $327,306
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL-2516 NORTH ST.
Revenue
$10,395
Organization Details
Founding Year
2015
Phone
(936) 560-5533Principal Officer
Rusty Rust
Main Address
2516 NORTH STREET, NACOGDOCHES, TX, 75965
NTEE Category
Code: S12 - Community improvement
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