Overview
What is Mobile Area Chamber Of Commerce Foundation Inc?
Mobile Area Chamber of Commerce Foundation Inc is a charitable organization based in Mobile, Alabama. Their primary mission is to contribute positively to the community and its residents, collaborating closely with the Mobile Area Chamber of Commerce. They carry out their charitable activities through various means, including assisting businesses and consultants in evaluating Mobile for potential relocation, thereby contributing to the local economy. This nonprofit organization is located at PO Box 2187, Mobile, AL, 36652.
Official website here: www.mobilechamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Mobile Area Chamber Of Commerce Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, which highlights its strong performance in accountability and finance. With a score of 96%, the organization demonstrates a commitment to transparency and responsible fiscal management, reflecting positively on its operational practices.
The foundation features a predominantly independent board, with 75% of its members meeting this criterion, which contributes to its robust governance structure. Additionally, the organization excels in key financial metrics, such as a low liabilities to assets ratio of 22.89% and a high program expense ratio of 88.80%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs.
While the foundation shows strong financial health and governance practices, the review does not highlight any specific limitations or areas of concern. The overall positive assessment suggests that the Mobile Area Chamber Of Commerce Foundation Inc is effectively fulfilling its mission and maintaining high standards in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mobile Area Chamber Of Commerce Foundation Inc legitimate?
Mobile Area Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mobile Area 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.mobilechamber.com
What is the mission statement of Mobile Area Chamber Of Commerce Foundation Inc?
The Mobile Area Chamber of Commerce Foundation Inc's mission is centered around carrying out charitable activities for the benefit of the community and its citizens. They work in collaboration with the Mobile Area Chamber of Commerce to accomplish their objectives. Their mission primarily involves contributing to community welfare and betterment. Additionally, they are involved in helping companies and consultants evaluate potential business locations in the area, contributing to economic development.
Official website here: www.mobilechamber.com
Who is the CEO of Mobile Area Chamber Of Commerce Foundation Inc?
Michi Lunceford is the Legal Counsel of Mobile Area Chamber Of Commerce Foundation Inc.
Official website here: www.mobilechamber.com
What is the revenue of Mobile Area Chamber Of Commerce Foundation Inc?
Mobile Area Chamber Of Commerce Foundation Inc's revenue in 2022 was $2,902,918.
Official website here: www.mobilechamber.com
Who are the executives of Mobile Area Chamber Of Commerce Foundation Inc and what are their salaries?
There 11 volunteers at Mobile Area Chamber Of Commerce Foundation Inc.
Here are 13 key members and their salaries:
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- Related: $204,167
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- Related: $128,957
- Other: $17,280
Official website here: www.mobilechamber.com
Where can I find the form 990 for Mobile Area Chamber Of Commerce Foundation Inc?
Mobile Area Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mobilechamber.com
Learn more at the official website: www.mobilechamber.com
Mission Statement of Mobile Area Chamber Of Commerce Foundation Inc
The Mobile Area Chamber of Commerce Foundation Inc is dedicated to carrying out charitable activities aimed at benefiting the community and its citizens. Working in tandem with the Mobile Area Chamber of Commerce, this nonprofit organization is committed to utilizing its resources to contribute positively to the local community. Their mission is to facilitate charitable endeavors, collaborating with the Chamber of Commerce to achieve these goals. The foundation's activities are centered around enhancing the well-being of the community and its citizens, thereby fostering a sense of unity and progress.
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Impact
July, 2024
The Mobile Area Chamber Of Commerce Foundation Inc plays a vital role in driving community improvement in Mobile, Alabama. Through its charitable activities, the foundation collaborates with the Mobile Area Chamber of Commerce to support economic development initiatives. Specifically, the foundation assists companies and consultants in evaluating the Mobile area for business relocation, contributing to the growth and prosperity of the city and county. By fulfilling its mission to benefit the community and its citizens, the foundation has a tangible impact on enhancing the economic landscape and fostering opportunities for local businesses and residents.
This information is meant to be a general summary of Mobile Area 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: $8
- Program Service Revenue: $641,504
- Gross Receipts: $2,902,918
Assets and Liabilities:
- Total Assets: $10,999,610
- Total Liabilities: $1,185,646
- Net Assets: $9,813,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INNOVATION PORTAL
Revenue
$335,204
RENTAL OF BUILDING
Revenue
$306,300
Organization Details
Founding Year
1978
Phone
(251) 431-8624Principal Officer
Michi Lunceford
Main Address
PO BOX 2187, MOBILE, AL, 36652
Website
www.mobilechamber.comNTEE Category
Code: S41Z - Community improvement
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