Overview
What is Greater Oro Valley Chamber Of Commerce Foundation?
The Greater Oro Valley Chamber of Commerce Foundation is a charitable organization based in Tucson, Arizona, specifically at 7435 North Oracle Road 107. Its primary mission is to enhance the welfare of the community by engaging in educational initiatives, philanthropy, and chamber activities. The foundation manages the annual Mayor Steve Engel Memorial Scholarship Program and grants funds in various sectors, including education, youth services, arts and sciences, social services, and chamber-related projects. By supporting these areas, the Greater Oro Valley Chamber of Commerce Foundation aims to contribute positively to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating.
The Greater Oro Valley Chamber Of Commerce Foundation has received a Two-Star rating due to a score of 73%. This rating primarily reflects the organization’s strong performance in accountability and finance, which is crucial for assessing its financial health and transparency. The foundation excels in maintaining a majority independent board and has demonstrated responsible asset management, contributing positively to its overall score.
Strengths of the foundation include 100% independent board members and a perfect score in key areas such as the material diversion of assets and the documentation of board meeting minutes. Additionally, the organization has an impressive program expense ratio of 99.34%, indicating that the vast majority of its funds are directed towards its programs rather than administrative costs.
Despite its strengths, the organization holds a Two-Star rating, suggesting there are areas for improvement to reach a higher standard of excellence. While the financial accountability is noteworthy, ongoing evaluation of its operational effectiveness and broader impact could enhance its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Oro Valley Chamber Of Commerce Foundation legitimate?
Greater Oro Valley Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Oro Valley 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Greater Oro Valley Chamber Of Commerce Foundation?
The Greater Oro Valley Chamber of Commerce Foundation's mission is centered around promoting the well-being of others through various means. This is achieved primarily through educational initiatives, community philanthropy, and active involvement in chamber activities. In line with this mission, the foundation supports various sectors such as education, youth services, arts and sciences, social services, and chamber education. Additionally, they provide financial aid through scholarships and grants in these areas.
Who is the CEO of Greater Oro Valley Chamber Of Commerce Foundation?
David Perry is the Director of Greater Oro Valley Chamber Of Commerce Foundation.
What is the revenue of Greater Oro Valley Chamber Of Commerce Foundation?
Greater Oro Valley Chamber Of Commerce Foundation's revenue in 2022 was $1,031,035.
Who are the executives of Greater Oro Valley Chamber Of Commerce Foundation and what are their salaries?
There 12 volunteers at Greater Oro Valley Chamber Of Commerce Foundation.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Greater Oro Valley Chamber Of Commerce Foundation?
Greater Oro Valley Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Oro Valley Chamber Of Commerce Foundation
The Greater Oro Valley Chamber of Commerce Foundation, a nonprofit organization, is dedicated to improving the welfare of others through various means. This is achieved through educational endeavors, community philanthropy, and chamber activities. The foundation's primary focus is on promoting the well-being of individuals and communities, demonstrating a commitment to giving back and fostering growth.
In line with its mission, the foundation generates and distributes funds for the annual Mayor Steve Engel Memorial Scholarship Program. This initiative provides financial aid to deserving individuals, contributing to their educational pursuits and fostering a culture of learning and development. Furthermore, the foundation extends its support to various sectors, including education, youth services, arts and sciences, helping hands/social services, and chamber education and long-term building needs. By doing so, the Greater Oro Valley Chamber of Commerce Foundation plays a vital role in enriching the lives of many, contributing to the betterment of society as a whole.
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Impact
July, 2024
The Greater Oro Valley Chamber Of Commerce Foundation has a significant impact on the community by promoting the welfare of others through educational endeavors, community philanthropy, and chamber activities. The foundation generates and distributes funds for the annual Mayor Steve Engel Memorial Scholarship Program and provides grants in various areas such as education, youth services, arts and sciences, helping hands/social services, and chamber education and long-term building needs. Through its work, the foundation plays a vital role in supporting educational opportunities, fostering community engagement, and providing assistance to those in need.
This information is meant to be a general summary of Greater Oro Valley 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 2022.
- Investment Income: $717
- Gross Receipts: $1,076,087
Assets and Liabilities:
- Total Assets: $1,020,715
- Total Liabilities: $0
- Net Assets: $1,020,715
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Organization Details
Founding Year
2015
Phone
(520) 577-1040Principal Officer
David Perry
Main Address
7435 NORTH ORACLE ROAD 107, TUCSON, AZ, 85704
NTEE Category
Code: T70 - Philanthropy
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