Overview
What is Kingsport Chamber Foundation Inc?
Kingsport Chamber Foundation Inc is a nonprofit organization situated in Kingsport, Tennessee, specifically at 400 Clinchfield Street STE 100. With a team of 37 dedicated individuals, the foundation's primary mission is to contribute to community service and promotion. It supports the activities of the Kingsport Chamber of Commerce and aids in the training of future community leaders. Additionally, the foundation plays a crucial role in fostering unity among local government, businesses, and citizens, working together to enhance the aesthetic appeal of Kingsport. One of their significant initiatives is the Downtown Concert Series, which aims to improve the quality of life in the downtown area and stimulate economic growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
The Kingsport Chamber Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's overall score is heavily attributed to its accountability metrics, demonstrating a commitment to transparency and responsible management of funds.
The organization showcases excellence in governance, with a fully independent board comprised of eight members, all contributing to its high score. Additionally, it has robust financial oversight, evidenced by its perfect scores in areas such as financial statements and policies on asset diversion, whistleblower protections, and document retention.
A notable strength is the foundation's impressive program expense ratio of 96.26%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. This prioritization of programmatic spending enhances its credibility and effectiveness in serving the community. Overall, the Kingsport Chamber Foundation Inc stands out for its strong financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Kingsport Chamber Foundation Inc legitimate?
Kingsport Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingsport Chamber Foundation Inc 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: $271,977
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,370,051
For more financial information, click here
What is the mission statement of Kingsport Chamber Foundation Inc?
The Kingsport Chamber Foundation Inc was established with a focus on community service and promotion. Its primary objectives include providing facilities for the Kingsport Chamber of Commerce, training future community leaders, and fostering collaboration between local government, businesses, and citizens. The foundation is also actively involved in enhancing the community through various activities, such as beautification initiatives and projects that improve the overall quality of life in the area. One of its notable contributions is the Downtown Concert Series, which aims to promote economic development in the downtown area.
Who is the CEO of Kingsport Chamber Foundation Inc?
Miles Burdine is the Ceo/Secretary of Kingsport Chamber Foundation Inc. The CEO's salary of Kingsport Chamber Foundation Inc is $271,977 and their total compensation is $285,576.
What is the revenue of Kingsport Chamber Foundation Inc?
Kingsport Chamber Foundation Inc's revenue in 2022 was $3,697,780.
Who are the executives of Kingsport Chamber Foundation Inc and what are their salaries?
The average compensation at Kingsport Chamber Foundation Inc during 2022 was $44,379. There are 37 employees at Kingsport Chamber Foundation Inc.
Here are 40 key members and their salaries (Kingsport Chamber Foundation Inc's CEO's salary is $271,977 and their total compensation is $285,576):
- Compensation: $271,977
- Related: $0
- Other: $13,599
- Compensation: $164,194
- Related: $0
- Other: $8,210
- Compensation: $145,041
- Related: $0
- Other: $7,252
- Compensation: $127,161
- Related: $0
- Other: $6,358
- Compensation: $112,458
- Related: $0
- Other: $5,622
- Compensation: $112,150
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Where can I find the form 990 for Kingsport Chamber Foundation Inc?
Kingsport Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kingsport Chamber Foundation Inc
The Kingsport Chamber Foundation Inc, established with a focus on community service and promotion, plays a significant role in the betterment of its community. Its mission is multifaceted, encompassing various activities that aim to unite local government, businesses, and citizens. The foundation provides facilities for the Kingsport Chamber of Commerce and offers training programs to nurture future community leaders. One of its key objectives is to foster a sense of unity and collaboration, working towards the beautification of the city of Kingsport. Alongside these efforts, the foundation contributes to the enhancement of the Kingsport area in various ways, primarily through initiatives such as the Downtown Concert Series. This series, an integral part of the foundation's mission, serves to improve the quality of life in the downtown area and stimulate economic development. By hosting these concerts, the Kingsport Chamber Foundation Inc is able to contribute positively to the community, promoting a vibrant and engaging environment for its residents.
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Impact
July, 2024
Kingsport Chamber Foundation Inc's impact is significant in promoting community service and economic development in Kingsport, TN. By providing facilities for the Kingsport Chamber of Commerce activities and training future community leaders, the Foundation plays a crucial role in uniting local government, businesses, and citizens for the beautification of Kingsport. Through initiatives like the Downtown Concert Series, the Foundation not only enhances the quality of life in the area but also stimulates economic growth in the downtown region. Their dedication to community improvement is commendable, as they continue to support initiatives that benefit the local residents and businesses of Kingsport.
This information is meant to be a general summary of Kingsport Chamber Foundation Inc. 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: $364
- Program Service Revenue: $640,077
- Gross Receipts: $4,787,644
Assets and Liabilities:
- Total Assets: $3,708,239
- Total Liabilities: $944,367
- Net Assets: $2,763,872
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Leadership Kingsport
Revenue
$162,223
Keep Kingsport Beautiful
Revenue
$42,235
Visit Kingsport
Revenue
$197,651
Admin services
Revenue
$237,968
Organization Details
Founding Year
1981
Phone
(423) 392-8812Principal Officer
Miles Burdine
Main Address
400 Clinchfield Street STE 100, Kingsport, TN, 37660
NTEE Category
Code: S200 - Community improvement
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