Overview
What is The Greater Richmond Chamber Foundation?
The Greater Richmond Chamber Foundation is a nonprofit organization situated in Richmond, Virginia, specifically at 919 East Main Street 1700. Its primary objective is to bolster the Greater Richmond Chamber's capabilities in fostering a favorable business environment and enhancing the overall quality of life. This is achieved through supporting economic development, promoting regional collaboration, education, and leadership development. One of their significant initiatives includes providing funding for Smart Beginnings, a program aimed at improving early childhood development and school readiness within the Greater Richmond area.
Official website here: www.chamberrva.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating. This high score reflects the organization's strong commitment to accountability and finance, indicating that they are effectively managing their resources and maintaining transparency.
The Greater Richmond Chamber Foundation has demonstrated exceptional governance practices, with 80% of its board members being independent and a robust conflict of interest policy in place. Their financial efficiency is notable, with an impressive program expense ratio of 99.03%, signifying that a significant majority of their expenditures are directed towards their mission-related activities.
There are no significant limitations reported in the available data, which suggests a well-managed organization with no material diversion of assets and a low liabilities to assets ratio of just 7.53%. Overall, the foundation appears to be a trustworthy option for donors looking to support a nonprofit with a strong financial footing and ethical governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Greater Richmond Chamber Foundation legitimate?
The Greater Richmond Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Greater Richmond 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,141
For more financial information, click here
Official website here: www.chamberrva.com
What is the mission statement of The Greater Richmond Chamber Foundation?
The Greater Richmond Chamber Foundation's mission is to boost the capacity of the Greater Richmond Chamber in enhancing the business environment and improving the quality of life. This is achieved through supporting economic development, fostering regional cooperation, promoting education, and encouraging leadership development. The organization's primary goal is to contribute to the betterment of the business environment and overall quality of life in an unspecified region. They also provide funding for Smart Beginnings, a program aimed at improving early childhood development and school readiness in the Greater Richmond area.
Official website here: www.chamberrva.com
Who is the CEO of The Greater Richmond Chamber Foundation?
Robert F Anderson is the Chair of The Greater Richmond Chamber Foundation. The CEO's salary of The Greater Richmond Chamber Foundation is $0 and their total compensation is $416,755.
Official website here: www.chamberrva.com
What is the revenue of The Greater Richmond Chamber Foundation?
The Greater Richmond Chamber Foundation's revenue in 2022 was $549,537.
Official website here: www.chamberrva.com
Who are the executives of The Greater Richmond Chamber Foundation and what are their salaries?
There 350 volunteers at The Greater Richmond Chamber Foundation.
Here are 15 key members and their salaries (The Greater Richmond Chamber Foundation's CEO's salary is $0 and their total compensation is $416,755):
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- Related: $356,012
- Other: $60,743
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- Related: $133,252
- Other: $21,993
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- Related: $97,580
- Other: $19,471
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Official website here: www.chamberrva.com
Where can I find the form 990 for The Greater Richmond Chamber Foundation?
The Greater Richmond Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chamberrva.com
Learn more at the official website: www.chamberrva.com
Mission Statement of The Greater Richmond Chamber Foundation
The Greater Richmond Chamber Foundation, with a mission to enhance its parent organization's capabilities, seeks to improve the business environment and quality of life in the community. This is achieved by supporting economic development, fostering regional cooperation, promoting education, and encouraging leadership development. The Foundation's efforts are geared towards contributing to a thriving business environment and a better quality of life for the community at large. One of the ways they execute this mission is by providing funding for Smart Beginnings, a program aimed at enhancing early childhood development and school readiness in the Greater Richmond area. This initiative is instrumental in preparing children for a successful educational journey, setting them up for success in their future academic and personal lives.
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Impact
July, 2024
The Greater Richmond Chamber Foundation plays a crucial role in enhancing the Greater Richmond Chamber's impact on the business environment and quality of life in the region. By supporting economic development, regional cooperation, education, and leadership development, the foundation helps foster growth and advancement in the community. Additionally, through funding initiatives like Smart Beginnings, the foundation works to improve early childhood development and school readiness in the Greater Richmond area, positively impacting the lives of young children and families. Overall, the foundation's efforts contribute to community improvement and the overall well-being of the Greater Richmond region.
This information is meant to be a general summary of The Greater Richmond 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: $61
- Gross Receipts: $549,537
Assets and Liabilities:
- Total Assets: $562,637
- Total Liabilities: $54
- Net Assets: $562,583
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Organization Details
Founding Year
1980
Phone
(804) 648-1234Principal Officer
Robert F Anderson
Main Address
919 EAST MAIN STREET 1700, RICHMOND, VA, 23219
Website
www.chamberrva.comNTEE Category
Code: S41 - Community improvement
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