Overview
What is Greater Alleghany Highlands Chamber Of Commerce?
The Greater Alleghany Highlands Chamber of Commerce is a nonprofit organization located at 110 Mall Road, Covington, Virginia 24426. With a staff of eight individuals, their primary mission is to foster economic development and stimulate tourism within the Alleghany Highlands region. Their activities are geared towards promoting this area, potentially attracting businesses and visitors to the region. The chamber likely offers resources, networking opportunities, and events to support local businesses and encourage growth in the Alleghany Highlands.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 35% (Zero-Star out of Four Star rating).
The Greater Alleghany Highlands Chamber Of Commerce has received a Zero-Star rating due to significant concerns in its accountability and financial transparency. While the organization scores well in areas such as independent board membership and conflict of interest policies, it fails to provide essential financial statements, which has heavily impacted its overall score. The lack of transparency regarding financial documents raises questions about how funds are managed and allocated.
Strengths of the organization include a fully independent board and effective policies for document retention and conflict of interest. However, the absence of financial statements and the failure to post key documents on its website indicate a troubling lack of transparency. The program expense ratio is notably low at 31.77%, which suggests that a limited portion of resources is directed towards its mission-driven activities.
In summary, while the Greater Alleghany Highlands Chamber Of Commerce demonstrates strong governance practices, its overall accountability and financial reporting practices need significant improvement. Donors and stakeholders should consider these factors carefully when evaluating the organization’s efficacy and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Alleghany Highlands Chamber Of Commerce legitimate?
Greater Alleghany Highlands Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Alleghany Highlands Chamber Of Commerce 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: $101,652
Professional Fundraising Fees: $0
Other Salaries and Wages: $166,752
For more financial information, click here
What is the mission statement of Greater Alleghany Highlands Chamber Of Commerce?
The Greater Alleghany Highlands Chamber of Commerce is dedicated to fostering economic growth and tourism in its region. Their mission is to actively promote economic development and attract visitors to the Alleghany Highlands area, thereby enhancing the local economy and boosting community development. The organization's activities are geared towards encouraging business growth, fostering partnerships, and showcasing the region's attractions to potential tourists. The aim is to improve the overall economic and social well-being of the community by promoting sustainable development and tourism.
What is the revenue of Greater Alleghany Highlands Chamber Of Commerce?
Greater Alleghany Highlands Chamber Of Commerce's revenue in 2023 was $757,018.
Who are the executives of Greater Alleghany Highlands Chamber Of Commerce and what are their salaries?
The average compensation at Greater Alleghany Highlands Chamber Of Commerce during 2023 was $26,840. There are 10 employees and 10 volunteers at Greater Alleghany Highlands Chamber Of Commerce.
Here are 3 key members and their salaries:
- Compensation: $101,652
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Greater Alleghany Highlands Chamber Of Commerce?
Greater Alleghany Highlands Chamber Of Commerce's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Greater Alleghany Highlands Chamber Of Commerce
The Greater Alleghany Highlands Chamber of Commerce is an organization with a mission to stimulate economic growth and foster tourism within the Alleghany Highlands region. This nonprofit organization is committed to actively promoting economic development and attracting visitors to this area, thereby contributing to its overall prosperity. By carrying out these activities, the Greater Alleghany Highlands Chamber of Commerce aims to enhance the quality of life for the local community.
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Impact
July, 2024
The Greater Alleghany Highlands Chamber Of Commerce has had a significant impact on the economic development and tourism in the Alleghany Highlands region. Through its efforts, the Chamber has played a crucial role in promoting local businesses, attracting tourists, and fostering a strong sense of community improvement in the Covington area of Virginia. Its mission to support economic growth and tourism has resulted in a more vibrant and prosperous local economy, benefiting both businesses and residents alike.
This information is meant to be a general summary of Greater Alleghany Highlands Chamber Of Commerce. 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.
- Investment Income: $3,020
- Gross Receipts: $757,018
Assets and Liabilities:
- Total Assets: $323,100
- Total Liabilities: $7,200
- Net Assets: $315,900
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Organization Details
Founding Year
1960
Principal Officer
Teresa Hammond
NTEE Category
Code: S41 - Community improvement
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