Overview
What is High Point Chamber Foundation?
The High Point Chamber Foundation is a nonprofit organization situated in High Point, North Carolina. Its primary mission is to promote the advancement of knowledge and understanding in various sectors such as economics, finance, education, and technology, aiming to solve community issues and explore economic opportunities. Additionally, the foundation works towards combating community deterioration and fostering a broad-based economy in the High Point region. In line with its mission, the organization assists the High Point Chamber of Commerce, providing recommendations for improving public education, awarding computer equipment, surveying local facilities, and developing community leaders. In 2018, the foundation began constructing a facility for business development and economic stimulation in the downtown core area of High Point.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The High Point Chamber Foundation has earned a 75% rating from Charity Navigator, reflecting solid performance in accountability and finance. The organization's overall score is driven entirely by its accountability practices, which are commendable. With a fully independent board and robust policies in place, the foundation demonstrates a commitment to transparency and good governance.
Strengths of the organization include a high program expense ratio, indicating that 100% of its expenditures are directed towards its programs. Additionally, the foundation has no material diversion of assets and has established policies for conflict of interest and whistleblowing, further underscoring its accountability. The board's independence and the documentation of meeting minutes also enhance its credibility.
While the foundation shows strong governance and financial management, the overall rating signifies there may still be areas for improvement to achieve a higher star rating. Continuous assessment and enhancement of organizational practices could help in fostering greater trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is High Point Chamber Foundation legitimate?
High Point Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Point 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: $395,900
For more financial information, click here
What is the mission statement of High Point Chamber Foundation?
The High Point Chamber Foundation's mission is centered around promoting progress and knowledge in various fields such as economics, finance, education, and technology. It aims to address community issues and explore economic opportunities. The organization is also committed to combating community deterioration and fostering the development of a broad-based economy. In addition, the foundation engages in charitable, educational, and scientific activities to benefit the community. It analyzes ways to improve public education, provides computer equipment to local education award recipients, surveys local facilities and infrastructure, and develops effective community leaders.
Who is the CEO of High Point Chamber Foundation?
Rachel Moss Collins is the Director of High Point Chamber Foundation. The CEO's salary of High Point Chamber Foundation is $0 and their total compensation is $137,033.
What is the revenue of High Point Chamber Foundation?
High Point Chamber Foundation's revenue in 2022 was $2,874,139.
Who are the executives of High Point Chamber Foundation and what are their salaries?
Here are 7 key members and their salaries (High Point Chamber Foundation's CEO's salary is $0 and their total compensation is $137,033):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,407
- Other: $7,626
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $185,449
- Other: $4,793
Where can I find the form 990 for High Point Chamber Foundation?
High Point Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of High Point Chamber Foundation
The High Point Chamber Foundation, a charitable organization, is committed to aiding the High Point Chamber of Commerce in its mission. One of the Foundation's primary objectives is to analyze and propose methods to enhance the public education environment in the local area. It achieves this by offering computer equipment as rewards to individuals who have earned the General Educational Development (GED) certification.
Beyond education, the Foundation also undertakes surveys to assess local facilities and infrastructure. The purpose of these surveys is to establish a perpetual index, which can serve as a valuable resource for companies considering relocating to the area, with the ultimate goal of attracting job opportunities to the local community. Furthermore, the High Point Chamber Foundation is dedicated to cultivating effective leaders for the community by providing relevant training and development programs.
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Impact
July, 2024
The High Point Chamber Foundation's impact includes promoting the advancement and dissemination of knowledge and understanding in economics, finance, education, training, science, and technology within the community of High Point, North Carolina, and its region. Additionally, it works to combat community deterioration and promote the development of a broadly-based economy in High Point and its surrounding areas. The foundation also engages in other charitable, educational, and scientific activities for the benefit of High Point and its region. In essence, the foundation plays a crucial role in fostering economic stimulation, business development, and civic engagement in the downtown core area of High Point.
This information is meant to be a general summary of High Point 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: -$600,005
- Gross Receipts: $5,668,625
Assets and Liabilities:
- Total Assets: $10,130,151
- Total Liabilities: $3,615,855
- Net Assets: $6,514,296
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Organization Details
Founding Year
1977
Phone
(336) 882-5000Principal Officer
Rachel Moss Collins
Main Address
PO BOX 5025, HIGH POINT, NC, 27262
NTEE Category
Code: T30 - Philanthropy
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