Overview
What is Williamsburg Area Chamber Of Commerce Foundation?
The Williamsburg Area Chamber of Commerce Foundation is a nonprofit organization situated in Williamsburg, Virginia, specifically at 421 N Boundary St. Its primary purpose is to foster and support the educational and charitable initiatives undertaken by the Williamsburg Area Chamber of Commerce. The Foundation is dedicated to enhancing the educational activities of the Chamber, contributing to its overall mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Williamsburg Area Chamber Of Commerce Foundation has received a low rating of 54%, reflecting significant concerns regarding its financial management. The rating is based solely on the Accountability and Finance score, where the organization's liabilities to assets ratio is particularly troubling at 3.45%. This ratio contributed to a lack of points in the financial metrics, indicating potential issues with the organization’s financial health.
Despite these financial concerns, the foundation demonstrates strengths in governance and operational policies. The board is composed entirely of independent members, and the organization has established strong policies regarding conflict of interest, whistleblower protection, and document retention. Additionally, the minutes of board meetings are documented, which is a positive indicator of transparency.
However, the program expense ratio of 34.39% suggests that a relatively small portion of total expenses is allocated to program activities, highlighting a potential limitation in its operational focus. Overall, while the foundation exhibits solid governance practices, its financial metrics warrant further scrutiny for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Williamsburg Area Chamber Of Commerce Foundation legitimate?
Williamsburg Area Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Williamsburg Area 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Williamsburg Area Chamber Of Commerce Foundation?
The Williamsburg Area Chamber of Commerce Foundation's mission is centered around enhancing the educational activities of the local Chamber of Commerce. By doing so, they aim to contribute to and support the educational and charitable initiatives carried out by the Chamber of Commerce. Their objective is to promote learning and growth within the community, ultimately contributing to its overall development. The Foundation's activities are instrumental in furthering the educational goals set by the Chamber of Commerce.
Who is the CEO of Williamsburg Area Chamber Of Commerce Foundation?
Mary T Hill-Banez is the Ceo of Williamsburg Area Chamber Of Commerce Foundation. The CEO's salary of Williamsburg Area Chamber Of Commerce Foundation is $0 and their total compensation is $0.
What is the revenue of Williamsburg Area Chamber Of Commerce Foundation?
Williamsburg Area Chamber Of Commerce Foundation's revenue in 2022 was $57,642.
Who are the executives of Williamsburg Area Chamber Of Commerce Foundation and what are their salaries?
There 10 volunteers at Williamsburg Area Chamber Of Commerce Foundation.
Here are 10 key members and their salaries (Williamsburg Area Chamber Of Commerce Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Williamsburg Area Chamber Of Commerce Foundation?
Williamsburg Area Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Williamsburg Area Chamber Of Commerce Foundation
The Williamsburg Area Chamber of Commerce Foundation is committed to enhancing the educational activities of its affiliated chamber of commerce. This nonprofit organization's mission is to support the educational and charitable endeavors carried out by the Williamsburg Area Chamber of Commerce. By doing so, it aims to contribute positively to the community's educational landscape and promote growth and development.
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Impact
October, 2024
The Williamsburg Area Chamber of Commerce Foundation enhances educational activities and charitable initiatives within the community. By supporting and promoting various educational programs, it contributes to the development of skills and knowledge among local residents, driving economic growth and community engagement. Through its efforts, the Foundation plays a vital role in fostering a culture of learning and philanthropy in Williamsburg, Virginia, ultimately benefiting both its residents and businesses.
This information is meant to be a general summary of Williamsburg Area 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: $1,451
- Program Service Revenue: $55,828
- Gross Receipts: $76,872
Assets and Liabilities:
- Total Assets: $1,180,720
- Total Liabilities: $37,103
- Net Assets: $1,143,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$55,828
Organization Details
Founding Year
1999
Phone
(757) 229-6511Principal Officer
Mary T Hill-Banez
Main Address
421 N BOUNDARY ST, WILLIAMSBURG, VA, 23187
NTEE Category
Code: T30 - Philanthropy
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