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Hampton Roads Chamber Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510284315 ✦ Norfolk, VA ✦ Designated as a 501(c)(3)

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Overview

What is Hampton Roads Chamber Foundation?

The Hampton Roads Chamber Foundation is a charitable organization situated in Norfolk, Virginia. With a mission to enhance the welfare and development of communities in fifteen jurisdictions within Southeastern Virginia, the foundation collaborates with the business community to market the region both nationally and internationally. By soliciting, managing, and distributing assets and funds, the foundation supports various charitable, scientific, and educational programs and activities. These endeavors aim to strengthen the Hampton Roads Virginia communities, with a focus on making distributions to organizations that qualify as exempt under Section 501(C)(3) of the IRS Code.

Is Hampton Roads Chamber Foundation legitimate?

Hampton Roads Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hampton Roads 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: $0

For more financial information, click here

What is the mission statement of Hampton Roads Chamber Foundation?

The Hampton Roads Chamber Foundation is organized with the primary purpose of collecting, managing, and distributing assets and funds to enhance the welfare and development of the Hampton Roads Virginia communities. This is achieved through charitable, scientific, and educational programs and activities. The foundation also makes distributions to organizations that qualify as exempt under Section 501(C)(3) of the IRS Code. In essence, the Hampton Roads Chamber Foundation aims to contribute significantly to the betterment of its community by implementing charitable, educational, and scientific initiatives.

Who is the CEO of Hampton Roads Chamber Foundation?

Sylvia Haines is the President of Hampton Roads Chamber Foundation.

What is the revenue of Hampton Roads Chamber Foundation?

Hampton Roads Chamber Foundation's revenue in 2022 was $4,630.

Who are the executives of Hampton Roads Chamber Foundation and what are their salaries?

There 14 volunteers at Hampton Roads Chamber Foundation.


Here are 5 key members and their salaries:


Bryan K Stephens (President)
  • Compensation: $0
  • Related: $280,400
  • Other: $19,182
Sylvia M Haines (Secretary)
  • Compensation: $0
  • Related: $100,000
  • Other: $14,015
Stephen R Romine (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Bibbs (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher M Stone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hampton Roads Chamber Foundation?

Hampton Roads Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Hampton Roads Chamber Foundation

Hampton Roads Chamber Foundation is an organization dedicated to serving the welfare and development of communities in Hampton Roads, Virginia. Its mission is twofold: firstly, it seeks to solicit, manage, and distribute assets and funds for charitable, scientific, and educational purposes. This involves making donations to organizations that fall under Section 501(C)(3) of the IRS code, which are exempt from federal income tax.

Secondly, Hampton Roads Chamber Foundation uses these assets and funds to carry out programs and activities that benefit the Hampton Roads communities. These initiatives are intended to further the development and welfare of these communities, contributing to their overall improvement and growth. By providing support to qualified exempt organizations and implementing its own programs, Hampton Roads Chamber Foundation aims to contribute positively to the Hampton Roads communities.

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Impact




August, 2024

The Hampton Roads Chamber Foundation plays a vital role in furthering the welfare and development of communities in Hampton Roads, Virginia. Its programs and activities are exclusively focused on charitable, scientific, and educational purposes, aiming to enhance the overall quality of life in the region. Through strategic initiatives and partnerships, the foundation actively works to promote economic growth, attract businesses, and market Hampton Roads as a preferred location for investment and expansion. This impact extends to fifteen jurisdictions in southeastern Virginia, marking the region nationally and internationally with the support of the business community.




This information is meant to be a general summary of Hampton Roads 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.

Revenue
$4,630 (2022)
Expenses
$7,223 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $27
  • Program Service Revenue: $1,600
  • Gross Receipts: $4,630

Assets and Liabilities:

  • Total Assets: $164,320
  • Total Liabilities: $26,880
  • Net Assets: $137,440

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Organization Details

Founding Year

1984

Principal Officer

Sylvia Haines

Main Address

101 WEST MAIN STREET 800, NORFOLK, VA, 23510

NTEE Category

Code: S300 - Community improvement

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