Overview
What is Huntsville Madison County Chamber Of Commerce Foundation Inc?
Huntsville Madison County Chamber of Commerce Foundation Inc, located at 225 Church Street, Huntsville, Alabama 35801, is a dedicated nonprofit organization. Its primary mission is to support local educational programs, contributing to the community's development by providing workforce and education training opportunities. The Foundation carries out this mission through various programs and initiatives, aiming to enhance the area's educational landscape.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Huntsville Madison County Chamber Of Commerce Foundation Inc has received a rating of 76%, signifying a solid performance in accountability and finance. This score reflects a strong emphasis on independent governance, with a fully independent board of directors, which is a positive indicator of oversight and integrity within the organization. The foundation shows a high program expense ratio of 91.76%, suggesting that the majority of its resources are directed towards its programs rather than administrative costs.
Despite its strengths, the organization has some notable limitations. It currently lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are critical for transparency and accountability. The absence of these policies could potentially impact the foundation's operational integrity and stakeholder trust.
Overall, while the Huntsville Madison County Chamber Of Commerce Foundation Inc demonstrates effective financial management and governance, it would benefit from addressing its policy deficiencies to enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Huntsville Madison County Chamber Of Commerce Foundation Inc legitimate?
Huntsville Madison County Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Huntsville Madison County 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.
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What is the mission statement of Huntsville Madison County Chamber Of Commerce Foundation Inc?
The Huntsville Madison County Chamber of Commerce Foundation Inc exists with the primary objective of supporting local educational programs. In line with this mission, the organization provides workforce and educational training opportunities through various programs and initiatives. By doing so, it aims to contribute positively to the community's overall development and growth, focusing on education as a key driver. The foundation's activities are centered around enhancing the local educational landscape, thereby providing opportunities for individuals to improve their skills and knowledge.
Who is the CEO of Huntsville Madison County Chamber Of Commerce Foundation Inc?
Ronald Poteat is the Director of Huntsville Madison County Chamber Of Commerce Foundation Inc.
What is the revenue of Huntsville Madison County Chamber Of Commerce Foundation Inc?
Huntsville Madison County Chamber Of Commerce Foundation Inc's revenue in 2022 was $46,030.
Who are the executives of Huntsville Madison County Chamber Of Commerce Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Huntsville Madison County Chamber Of Commerce Foundation Inc?
Huntsville Madison County Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Huntsville Madison County Chamber Of Commerce Foundation Inc
Huntsville Madison County Chamber of Commerce Foundation Inc is dedicated to supporting local educational programs. The organization's mission is to contribute to this cause, striving to provide workforce and education training opportunities in the area. They accomplish this goal through various programs and initiatives. By doing so, the foundation aims to enhance the educational landscape and prepare the local community for future professional challenges.
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Impact
August, 2024
The Huntsville Madison County Chamber of Commerce Foundation Inc has a significant impact on the local community by supporting educational programs. Through various initiatives and programs, the foundation provides workforce training opportunities, ultimately contributing to the improvement of the community as a whole.
This information is meant to be a general summary of Huntsville Madison County 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.
- Gross Receipts: $46,030
Assets and Liabilities:
- Total Assets: $231,282
- Total Liabilities: $62,096
- Net Assets: $169,186
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Organization Details
Founding Year
1986
Phone
(256) 535-2014Principal Officer
Ronald Poteat
Main Address
225 CHURCH STREET, HUNTSVILLE, AL, 35801
NTEE Category
Code: S41I - Community improvement
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