Overview
What is Florida Chamber Of Commerce Foundation Inc?
The Florida Chamber of Commerce Foundation is a nonprofit organization situated in Tallahassee, Florida. Its primary mission is to collaborate with influential business leaders in Florida, focusing on long-term economic development, education, and competitiveness issues. By conducting rigorous research, they aim to suggest strategies that will foster the expansion and diversity of Florida's economy while generating job opportunities and economic prosperity for all its residents. The organization, led by Mark Wilson, is dedicated to securing Florida's future by making well-informed recommendations.
Official website here: www.flfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Florida Chamber of Commerce Foundation Inc has earned a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The charity's overall score reflects a strong commitment to financial oversight and transparency, with a perfect Accountability & Finance score of 97. This suggests that the organization is well-managed and prioritizes ethical practices in its operations.
Among its notable strengths, the foundation boasts a fully independent board, with 100% of its members not affiliated with the organization. Financial practices are robust, with no material diversion of assets and an excellent program expense ratio of 84.49%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the foundation demonstrates effective fundraising efficiency, managing to raise funds at a low cost.
While the organization shows exemplary practices in finance and governance, no significant limitations are noted in the data provided. The foundation's commitment to transparency is further evidenced by the comprehensive policies it has in place, such as a conflict of interest policy and a whistleblower policy, ensuring ethical conduct and accountability in all areas of operation.
This AI summary has been generated from information found on Charity Navigator.
Is Florida Chamber Of Commerce Foundation Inc legitimate?
Florida Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Florida Chamber Of Commerce 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: $443,563
Professional Fundraising Fees: $0
Other Salaries and Wages: $700,353
For more financial information, click here
Official website here: www.flfoundation.org
What is the mission statement of Florida Chamber Of Commerce Foundation Inc?
The Florida Chamber of Commerce Foundation's mission is to investigate long-term economic development, education, and competitiveness issues in Florida. By providing insights and recommendations, the foundation aims to support the growth and diversification of the economy, leading to the creation of economic opportunities and good jobs for all residents. The organization's primary goal is to secure a prosperous future for Florida.
Official website here: www.flfoundation.org
Who is the CEO of Florida Chamber Of Commerce Foundation Inc?
Mark Wilson is the Trustee of Florida Chamber Of Commerce Foundation Inc. The CEO's salary of Florida Chamber Of Commerce Foundation Inc is $0 and their total compensation is $778,355.
Official website here: www.flfoundation.org
What is the revenue of Florida Chamber Of Commerce Foundation Inc?
Florida Chamber Of Commerce Foundation Inc's revenue in 2022 was $4,444,150.
Official website here: www.flfoundation.org
Who are the executives of Florida Chamber Of Commerce Foundation Inc and what are their salaries?
The average compensation at Florida Chamber Of Commerce Foundation Inc during 2022 was $142,990. There are 8 employees and 77 volunteers at Florida Chamber Of Commerce Foundation Inc.
Here are 81 key members and their salaries (Florida Chamber Of Commerce Foundation Inc's CEO's salary is $0 and their total compensation is $778,355):
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Official website here: www.flfoundation.org
Where can I find the form 990 for Florida Chamber Of Commerce Foundation Inc?
Florida Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flfoundation.org
Learn more at the official website: www.flfoundation.org
Mission Statement of Florida Chamber Of Commerce Foundation Inc
The Florida Chamber of Commerce Foundation, a collaborative body, focuses on long-term economic development, education, and competitiveness issues in Florida. Their mission is to conduct thorough research and make recommendations that aim to expand and diversify the state's economy. This endeavor is driven by the desire to create ample economic opportunities and quality jobs for all Floridians. Under the leadership of Mark Wilson, the foundation serves as a partner to state business leaders, working tirelessly to secure a prosperous future for Florida.
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Impact
July, 2024
The Florida Chamber of Commerce Foundation Inc partners with state business leaders to research long-term economic development, education, and competitiveness issues to secure Florida's future. Through its recommendations, the foundation aims to help grow and diversify Florida's economy, creating economic opportunities and good jobs for all residents. Led by Mark Wilson in Tallahassee, FL, the foundation plays a crucial role in shaping Florida's economic landscape and fostering prosperity for its citizens.
This information is meant to be a general summary of Florida Chamber Of Commerce 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: $903,408
- Program Service Revenue: $1,391,139
- Gross Receipts: $6,407,586
Assets and Liabilities:
- Total Assets: $7,586,152
- Total Liabilities: $310,046
- Net Assets: $7,276,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$986,700
CONFERENCE REG.
Revenue
$404,439
Organization Details
Founding Year
1968
Phone
(850) 521-1261Principal Officer
Mark Wilson
Main Address
PO BOX 11309, TALLAHASSEE, FL, 323023309
Website
www.flfoundation.orgNTEE Category
Code: T30 - Philanthropy
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