Overview
What is Northern Kentucky Chamber Of Commerce Foundation Inc?
Northern Kentucky Chamber of Commerce Foundation Inc is a 501(c)(3) nonprofit organization situated in Fort Mitchell, Kentucky. Their mission is to enhance the business climate in Northern Kentucky by fostering a robust workforce and leadership pipeline. By acting as a backbone organization, they develop in-demand workforce talent and community leaders dedicated to economic growth and regional sustainability. They collaborate with key workforce partners to manage both supply and demand needs, transitioning away from chamber leadership in 2022 while remaining an active partner in the initiative.
Official website here: www.nkychamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Northern Kentucky Chamber Of Commerce Foundation Inc has achieved a commendable 97% rating from Charity Navigator, indicative of their strong accountability and financial health. The high score reflects an organization that maintains 100% independent board members and has demonstrated effective governance practices, including robust policies for conflicts of interest and whistleblower protections.
Strengths of the organization include a high program expense ratio of 85.11%, suggesting that a significant portion of their funds is directed toward their mission and programs rather than administrative costs. Additionally, their fiscal responsibility is underscored by a low liabilities-to-assets ratio of 2.06%, highlighting their solid financial footing.
Overall, while the foundation exhibits excellent practices in governance and finance, potential donors can feel confident in their operations and dedicated mission to support the Northern Kentucky community. The transparency and adherence to best practices position them as a reputable choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Kentucky Chamber Of Commerce Foundation Inc legitimate?
Northern Kentucky Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern Kentucky 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nkychamber.com
What is the mission statement of Northern Kentucky Chamber Of Commerce Foundation Inc?
The Northern Kentucky Chamber Of Commerce Foundation Inc, as a 501(c)(3) nonprofit affiliate, aims to enhance the business climate in its region. Its mission is to develop in-demand workforce talent and community leaders who are dedicated to economic growth and regional sustainability. Serving as a backbone organization, it positively contributes to the region's business environment by increasing the workforce pipeline. The foundation's activities are focused on enhancing the regional business climate by nurturing skilled professionals and committed leaders.
Official website here: www.nkychamber.com
What is the revenue of Northern Kentucky Chamber Of Commerce Foundation Inc?
Northern Kentucky Chamber Of Commerce Foundation Inc's revenue in 2023 was $26,879.
Official website here: www.nkychamber.com
Who are the executives of Northern Kentucky Chamber Of Commerce Foundation Inc and what are their salaries?
There 4 volunteers at Northern Kentucky Chamber Of Commerce Foundation Inc.
Here are 7 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Related: $182,188
- Other: $19,754
- Compensation: $0
- Related: $128,572
- Other: $11,289
- Compensation: $0
- Related: $91,409
- Other: $10,046
Official website here: www.nkychamber.com
Where can I find the form 990 for Northern Kentucky Chamber Of Commerce Foundation Inc?
Northern Kentucky Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nkychamber.com
Learn more at the official website: www.nkychamber.com
Mission Statement of Northern Kentucky Chamber Of Commerce Foundation Inc
The Northern Kentucky Chamber of Commerce Foundation Inc, serving as the 501(C)(3) nonprofit affiliate of the Northern Kentucky Chamber of Commerce, is dedicated to positively enhancing the business climate in the region. Their mission is focused on increasing the region's workforce and leadership pipeline. This organization acts as a backbone organization, working towards developing in-demand workforce talent and community leaders who are committed to economic growth and regional sustainability. By doing so, they aim to contribute significantly to the betterment of the business climate in Northern Kentucky.
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Impact
October, 2024
The Northern Kentucky Chamber of Commerce Foundation Inc significantly impacts the region by enhancing the business climate and ensuring the growth and sustainability of its workforce. Through initiatives like Grow NKY, the foundation focuses on developing a globally competitive workforce, effectively addressing both talent supply and demand needs. This holistic workforce development strategy collaborates with various partners to attract, grow, and retain skilled talent within the community.
By fostering community leaders committed to economic growth, the foundation plays a pivotal role in creating a robust leadership pipeline. This commitment to enhancing the region's workforce not only supports local businesses but also contributes to the overall economic vitality of Northern Kentucky. The foundation's efforts in managing talent pipelines strengthen the region's capacity for economic development and ensure a sustainable future for its businesses and workers alike.
This information is meant to be a general summary of Northern Kentucky 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 2023.
- Investment Income: $3,875
- Gross Receipts: $26,879
Assets and Liabilities:
- Total Assets: $111,739
- Total Liabilities: $4,929
- Net Assets: $106,810
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Organization Details
Founding Year
1998
Principal Officer
Gene Kirchner
Website
www.nkychamber.comNTEE Category
Code: J20 - Employment
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