Overview
What is The Virginia Chamber Foundation?
The Virginia Chamber Foundation, situated in Richmond, Virginia, is a nonprofit organization committed to enhancing Virginia's economic competitiveness. They accomplish this by conducting research, analysis, and hosting programs aligned with Blueprint Virginia 2025's priorities. Currently, their focus includes the Hire Vets Now and K-12 Innovation Challenges programs, as well as studies such as the Blueprint Virginia 2025 Dashboard, The Value of Free Enterprise, the National Rankings Initiative, and Quarterly Economic Reports. The Foundation's investors play a significant role in implementing the goals outlined in Blueprint Virginia 2025 and strengthening Virginia's business climate. In summary, their mission is to bolster Virginia's long-term competitiveness through implementation support for Blueprint Virginia 2025.
Official website here: www.vachamber.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating.
The Virginia Chamber Foundation has received a commendable score of 92%, which reflects its strong accountability and financial practices. This rating is based solely on its performance in the Accountability & Finance category, demonstrating the foundation's robust governance and financial management. The organization features an entirely independent board, showcasing a commitment to transparency and ethical oversight.
Strengths highlighted include a perfect score for financial statements, with a strong emphasis on audit and oversight, and a high program expense ratio of 99.41%, indicating that nearly all funds are directed towards its programs. Additionally, the foundation has implemented essential policies such as conflict of interest and whistleblower protection, further enhancing its accountability framework.
While the foundation's financials appear solid, potential donors and stakeholders should continue to monitor ongoing performance and program effectiveness beyond just the financial metrics. Overall, The Virginia Chamber Foundation stands out for its governance and financial integrity, making it a reliable choice for those looking to support its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Virginia Chamber Foundation legitimate?
The Virginia Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Virginia 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.
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Official website here: www.vachamber.com/foundation
What is the mission statement of The Virginia Chamber Foundation?
The Virginia Chamber Foundation's mission is centered around enhancing Virginia's long-term competitiveness. They achieve this by providing implementation support for Blueprint Virginia, a comprehensive plan for the state's development. The foundation conducts research, analyzes economic data, and hosts programs aligned with Blueprint Virginia's priorities, including initiatives like Hire Vets Now and K-12 Innovation Challenges. Additionally, they conduct studies such as the Blueprint Virginia 2025 Dashboard, The Value of Free Enterprise, the National Rankings Initiative, and Quarterly Economic Reports. Investors play a significant role in implementing the goals outlined in Blueprint Virginia 2025 and strengthening Virginia's business environment.
Official website here: www.vachamber.com/foundation
Who is the CEO of The Virginia Chamber Foundation?
Barry Duval is the Chair of The Virginia Chamber Foundation.
Official website here: www.vachamber.com/foundation
What is the revenue of The Virginia Chamber Foundation?
The Virginia Chamber Foundation's revenue in 2022 was $1,076,070.
Official website here: www.vachamber.com/foundation
Who are the executives of The Virginia Chamber Foundation and what are their salaries?
There 14 volunteers at The Virginia Chamber Foundation.
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Official website here: www.vachamber.com/foundation
Where can I find the form 990 for The Virginia Chamber Foundation?
The Virginia Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vachamber.com/foundation
Learn more at the official website: www.vachamber.com/foundation
Mission Statement of The Virginia Chamber Foundation
The Virginia Chamber Foundation, a nonprofit organization, is dedicated to enhancing Virginia's long-term competitiveness. It achieves this by providing implementation support for Blueprint Virginia, a comprehensive plan for the state's growth and development. The foundation's mission involves monitoring Virginia's economic competitiveness, conducting thorough research and analysis, and hosting programs aligned with the priorities outlined in Blueprint Virginia 2025.
Currently, the foundation is actively engaged in two significant programs: Hire Vets Now and K-12 Innovation Challenges. These programs aim to foster employment opportunities for veterans and encourage innovation in the education sector, respectively. Moreover, the foundation is engaged in several studies, including the Blueprint Virginia 2025 Dashboard, The Value of Free Enterprise, National Rankings Initiative, and Quarterly Economic Reports. These studies provide insights into various aspects of Virginia's economy, helping to inform decision-making and policy development.
Investors play a pivotal role in the Virginia Chamber Foundation's mission. They contribute to the implementation of the goals outlined in Blueprint Virginia 2025 and help strengthen Virginia's business climate. By working together, the foundation and its investors are committed to making Virginia a more competitive and prosperous state.
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Impact
July, 2024
The Virginia Chamber Foundation plays a significant role in strengthening Virginia's long-term competitiveness through its implementation support for Blueprint Virginia. By tracking Virginia's economic competitiveness, conducting research and analysis, and hosting programs connected to the priorities of Blueprint Virginia 2025, the Foundation has a direct impact on the state's business climate. Through programs like Hire Vets Now and K-12 Innovation Challenges, as well as studies like the Blueprint Virginia 2025 Dashboard and the Value of Free Enterprise, the Foundation contributes to the state's growth and development. Its work is essential in helping Virginia maintain a competitive edge and improve its overall business environment.
This information is meant to be a general summary of The Virginia 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.
- Gross Receipts: $1,076,070
Assets and Liabilities:
- Total Assets: $406,441
- Total Liabilities: $3,894
- Net Assets: $402,547
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Organization Details
Founding Year
1976
Phone
(804) 644-1607Principal Officer
Barry Duval
Main Address
919 E MAIN ST STE 900, RICHMOND, VA, 23219
Website
www.vachamber.com/foundationNTEE Category
Code: S30 - Community improvement
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