Overview
What is The Nashville Chamber Public Benefit Foundation?
The Nashville Chamber Public Benefit Foundation is a nonprofit organization based in Nashville, Tennessee, with a primary focus on education and talent development. Their mission is to enhance the workforce's availability and preparedness in the Nashville area, benefiting from economic prosperity. The foundation supports high school graduates, opportunity youth, Tennessee Reconnect adults, and current workers by equipping them with necessary credentials and experiences. Notably, in 2020, JPMorgan Chase selected Nashville as one of six U.S. sites for the New Skills Ready Grant, providing $7 million over five years, with the foundation serving as the site lead and fiscal agent. This grant aims to facilitate the seamless transition of underrepresented students from Metropolitan Nashville Public Schools into postsecondary education to earn credentials or degrees and enter high-wage, high-demand careers. Other partners include various education institutions and government agencies. Additionally, the foundation works on initiatives like Nashville Reconnect, a program that serves 1,030 adults in Nashville, with 422 enrolled and 608 pre-enrolled, offering neutral navigation and connection to wraparound services. The foundation also collaborates on the Nashville Talent Hub, a partnership that aligns programs and services to increase college enrollment, persistence, and success.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
The Nashville Chamber Public Benefit Foundation received a low score on Charity Navigator, indicating significant concerns regarding its governance and financial transparency. The organization lacks independent board members, resulting in a score of 0% in that category, which raises questions about oversight and accountability. Additionally, the absence of financial statements and documentation on their website contributes to this unfavorable rating.
Despite these issues, the foundation demonstrates a strong commitment to programming, as evidenced by a 99.90% program expense ratio, suggesting that nearly all funds are directed towards its mission rather than administrative costs. However, the lack of essential policies such as a whistleblower policy and document retention procedures indicates gaps in governance practices that could affect its operations and trustworthiness.
Overall, while the foundation excels in program expenses, the significant shortcomings in board independence, transparency, and policy implementation highlight critical areas for improvement to enhance accountability and strengthen stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is The Nashville Chamber Public Benefit Foundation legitimate?
The Nashville Chamber Public Benefit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nashville Chamber Public Benefit 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:
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What is the mission statement of The Nashville Chamber Public Benefit Foundation?
The Nashville Chamber Public Benefit Foundation supports the work of its local chamber of commerce by improving the quality of education, encouraging public and private efforts around education, and facilitating efforts to combat community deterioration. The foundation's primary objective is to equip high school graduates, opportunity youth, Tennessee Reconnect adults, and current workers with the necessary credentials and experiences to increase the availability and preparedness of the local labor force. This enhancement of talent development is crucial for driving economic prosperity in the area.
In October 2020, JPMorgan Chase selected Nashville as one of six U.S. sites for the New Skills Ready Grant, providing a $7 million investment over five years. This grant supports the seamless transition of underrepresented students from Metro Nashville Public Schools into postsecondary education to earn a credential or degree and enter a high-wage, high-demand career. The foundation serves as the site lead and fiscal agent for the grant, collaborating with various partners, including schools, community colleges, and government agencies.
The foundation's initiatives aim to create a seamless framework across K-12, postsecondary, and the workforce, addressing issues such as college and career coaching, draft pathways advising, equity, and work-based learning. They have experienced early wins in work-based learning and draft pathways advising, providing valuable resources for underrepresented students. The foundation also supports Nashville Reconnect, an initiative to help adults return to higher education, gain new skills, and advance in their careers.
Who is the CEO of The Nashville Chamber Public Benefit Foundation?
Ralph Schulz is the Vice-Chair of The Nashville Chamber Public Benefit Foundation.
What is the revenue of The Nashville Chamber Public Benefit Foundation?
The Nashville Chamber Public Benefit Foundation's revenue in 2022 was $1,998,064.
Who are the executives of The Nashville Chamber Public Benefit Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Nashville Chamber Public Benefit Foundation?
The Nashville Chamber Public Benefit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Nashville Chamber Public Benefit Foundation
The Nashville Chamber Public Benefit Foundation works in collaboration with businesses, education, and government to improve the quality of education in their area. Their mission is to support the work of the Nashville Area Chamber of Commerce by enhancing education, encouraging public and private efforts around education, and facilitating efforts to combat community deterioration. This nonprofit organization is dedicated to ensuring that the Nashville area's labor force is well-equipped and prepared for economic prosperity. They focus on high school graduates, opportunity youth, Tennessee Reconnect adults, and current workers, providing them with the necessary credentials and experience.
In October 2020, JPMorgan Chase selected Nashville as one of six U.S. sites for the New Skills Ready grant, investing $7 million over five years in the city. The foundation serves as the site lead and fiscal agent for this grant, working alongside various partners such as Metro Nashville Public Schools, Nashville State Community College, and the Tennessee Department of Education. The New Skills Ready team has participated in REI and Systemness training, and five working groups have been established to create a seamless framework across K-12, postsecondary, and the workforce. These groups include College and Career Coaches Framework, Draft Pathways Advising, Equity, Pathways Certification, and Work-Based Learning. The team has seen early successes in work-based learning and draft pathways advising, providing opportunities for underrepresented students to transition smoothly into postsecondary education and enter high-demand careers.
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Impact
July, 2024
The Nashville Chamber Public Benefit Foundation's impact is significant in the Nashville area. By coordinating efforts with business, education, and government, the foundation plays a crucial role in enhancing education and talent development. One key initiative is the New Skills Ready Grant, a $7 million investment from JPMorgan Chase aimed at preparing underrepresented students in Metro Nashville Public Schools for high-demand careers through postsecondary education.
Additionally, the foundation's Nashville Reconnect program serves over 1,000 adults in the Nashville Promise Zone, providing them with opportunities to further their education and enhance their skills. Through various partnerships and initiatives like the Clean Slate program, the foundation is actively working towards improving access to education and supporting individuals in completing their degrees or credentials.
Furthermore, the foundation's collaboration with organizations like the National Skills Coalition and its efforts to engage employers and community-based organizations in addressing policy barriers demonstrate its commitment to advancing workforce development and promoting economic prosperity in Nashville.
This information is meant to be a general summary of The Nashville Chamber Public Benefit 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.
- Gross Receipts: $1,998,064
Assets and Liabilities:
- Total Assets: $3,129,982
- Total Liabilities: $151,895
- Net Assets: $2,978,087
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Organization Details
Founding Year
1990
Phone
(615) 743-3000Principal Officer
Ralph Schulz
Main Address
500 11TH AVENUE NORTH 200, NASHVILLE, TN, 37203
NTEE Category
Code: T31 - Philanthropy
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