Overview
What is African Chamber Of Commerce Colorado Usa?
African Chamber of Commerce Colorado USA is a nonprofit organization, headquartered in Denver, Colorado, dedicated to fostering economic growth and investment within the business community. The organization has shown its commitment during the Covid-19 pandemic by offering support to affected families. Additionally, they have planned initiatives to bolster the Covid-19 vaccination drive. Naquetta Ricks leads this organization, which thrives on empowering the business community of colorado.
Official website here: www.africanchambercolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star rating)
The African Chamber of Commerce Colorado, USA has received a low rating of 41% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has a Zero-Star rating, primarily due to the absence of independent board members and missing policies such as conflict of interest and whistleblower protections. These deficiencies contribute heavily to its overall score, reflecting a lack of governance standards.
Despite the governance issues, the organization shows a strong commitment to program expenses, with an impressive 92.9% of their funds allocated to programs. This suggests that while there are concerns about oversight and financial management, the primary focus of the charity is directed towards its mission-related activities. However, the lack of transparency in governance practices raises questions about the long-term sustainability and operational integrity of the organization.
Overall, while the African Chamber of Commerce Colorado demonstrates effectiveness in its program expenditures, it faces serious challenges regarding its board independence and essential governance policies. Prospective supporters and stakeholders should consider these factors critically when evaluating their involvement with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is African Chamber Of Commerce Colorado Usa legitimate?
African Chamber Of Commerce Colorado Usa is a legitimate nonprofit organization registered as a 501(c)(3) entity. African Chamber Of Commerce Colorado Usa 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: $66,462
Other Salaries and Wages: $89,611
For more financial information, click here
Official website here: www.africanchambercolorado.org
What is the mission statement of African Chamber Of Commerce Colorado Usa?
The African Chamber of Commerce Colorado USA's mission is centered around fostering economic growth and investment. They aim to empower the business community in Colorado, providing them with the necessary support to thrive. During the Covid-19 pandemic, the organization extended its assistance to affected families. Furthermore, they have planned programs to support Covid-19 vaccination drives. In essence, their mission is to bolster the economic potential of the business community and contribute to community welfare during challenging times.
Official website here: www.africanchambercolorado.org
What is the revenue of African Chamber Of Commerce Colorado Usa?
African Chamber Of Commerce Colorado Usa's revenue in 2023 was $209,530.
Official website here: www.africanchambercolorado.org
Who are the executives of African Chamber Of Commerce Colorado Usa and what are their salaries?
The average compensation at African Chamber Of Commerce Colorado Usa during 2023 was $29,870. There are 3 employees at African Chamber Of Commerce Colorado Usa.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.africanchambercolorado.org
Where can I find the form 990 for African Chamber Of Commerce Colorado Usa?
African Chamber Of Commerce Colorado Usa's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.africanchambercolorado.org
Learn more at the official website: www.africanchambercolorado.org
Mission Statement of African Chamber Of Commerce Colorado Usa
The African Chamber of Commerce Colorado USA is committed to fostering economic growth and investment within the business community of Colorado. As part of its mission, the organization empowers businesses, aiming to create a conducive environment for economic development. In response to the Covid-19 pandemic, the African Chamber of Commerce Colorado USA extended its support to families affected by the crisis. Additionally, the organization planned programs to bolster the Covid-19 vaccination drive. Led by Naquetta Ricks, the chamber operates in Denver, Colorado, playing a crucial role in fostering economic growth and investment within the diverse business community.
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Impact
July, 2024
The African Chamber of Commerce Colorado USA is actively working towards creating economic growth and investment by empowering the business community in Colorado. Additionally, the organization has provided support to families affected by the Covid-19 pandemic and is planning programs to support the Covid vaccination drive. Naquetta Ricks leads this Denver-based organization, which is making a tangible impact on community improvement through its efforts.
This information is meant to be a general summary of African Chamber Of Commerce Colorado Usa. 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.
- Gross Receipts: $209,530
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2020
Principal Officer
Naquetta Ricks
NTEE Category
Code: S43 - Community improvement
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