Overview
What is The West Alabama Chamber Foundation Inc?
The West Alabama Chamber Foundation Inc, situated in Tuscaloosa, Alabama, is a nonprofit organization with a mission to collect and manage funds for charitable, educational, religious, or scientific purposes. They are notably involved in workforce development through their initiative, West Alabama Works. This project aims to establish and implement a coordinated system for economic and workforce training activities, serving as a regional Workforce Development Council for seven counties in West Alabama. West Alabama Works functions as a business-led and industry-driven partnership, contributing to the local economy and workforce by supporting training activities. The organization serves as the representing body of Alabama's Region 3 Workforce Development Council.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The West Alabama Chamber Foundation Inc has received a 79% rating from Charity Navigator, indicating a solid performance in terms of accountability and financial health. This rating is primarily derived from its high score in the Accountability & Finance category, reflecting the organization's commitment to transparency and responsible financial management.
Strengths of the foundation include a fully independent board, with 90% of members being independent. Additionally, the organization has implemented robust governance practices, as evidenced by its comprehensive conflict of interest policy and whistleblower policy. The program expense ratio is particularly impressive at 99.05%, indicating that a significant portion of its expenditures is directed towards its programs rather than administrative costs.
However, the foundation's liabilities to assets ratio received a lower score, which may suggest some financial caution. Despite this limitation, the overall scoring reflects a well-managed organization that is dedicated to serving its mission effectively while maintaining a strong ethical foundation.
This AI summary has been generated from information found on Charity Navigator.
Is The West Alabama Chamber Foundation Inc legitimate?
The West Alabama Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The West Alabama Chamber 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The West Alabama Chamber Foundation Inc?
The West Alabama Chamber Foundation Inc's mission is centered around collecting and managing funds for charitable, educational, religious, or scientific purposes. This organization operates with the goal of utilizing these resources for beneficial causes within these categories. In addition, the foundation supports the initiative of West Alabama Works, which aims to establish and implement a comprehensive workforce development system across seven counties in Alabama, facilitating economic and workforce training activities. This is achieved through a business-led and industry-driven partnership, serving as the regional Workforce Development Council. The Foundation's activities contribute to the betterment of various sectors in need, reflecting its commitment to serving charitable, educational, religious, and scientific purposes.
Who is the CEO of The West Alabama Chamber Foundation Inc?
Donny Jones is the Director of The West Alabama Chamber Foundation Inc.
What is the revenue of The West Alabama Chamber Foundation Inc?
The West Alabama Chamber Foundation Inc's revenue in 2022 was $634,790.
Who are the executives of The West Alabama Chamber Foundation Inc and what are their salaries?
There 25 volunteers at The West Alabama Chamber Foundation Inc.
Here are 10 key members and their salaries:
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- Other: $283,393
Where can I find the form 990 for The West Alabama Chamber Foundation Inc?
The West Alabama Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The West Alabama Chamber Foundation Inc
The West Alabama Chamber Foundation Inc is committed to raising funds and managing property for solely charitable, educational, religious, or scientific purposes. In furtherance of this mission, the organization plays a crucial role in facilitating the development of a comprehensive, coordinated workforce training system for its region. Serving as the regional Workforce Development Council, West Alabama Chamber Foundation Inc, through its initiative West Alabama Works, focuses on supporting economic and workforce development activities. As the representing body of Alabama's Region 3 Workforce Development Council, the foundation serves seven counties in West Alabama, including Bibb, Fayette, Greene, Pickens, Hale, Lamar, and Tuscaloosa. This council aims to drive the region's workforce development efforts, fostering an environment conducive to industry-driven partnerships and economic growth.
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Impact
July, 2024
The West Alabama Chamber Foundation Inc, through its workforce development initiative - West Alabama Works, has had a significant impact on the region. By facilitating the establishment and implementation of a comprehensive, coordinated workforce development system, the organization supports economic growth and workforce training activities in seven counties throughout West Alabama. This business-led and industry-driven partnership serves as the regional Workforce Development Council, emphasizing the importance of collaboration and innovation in addressing workforce challenges. The foundation's efforts have contributed to creating a more skilled and competitive workforce, ultimately benefiting the economic development of the region.
This information is meant to be a general summary of The West Alabama Chamber 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: $10
- Program Service Revenue: $6,354
- Gross Receipts: $827,729
Assets and Liabilities:
- Total Assets: $2,844,150
- Total Liabilities: $2,275,318
- Net Assets: $568,832
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Civic Hall of Fame
Revenue
$6,354
Organization Details
Founding Year
1987
Phone
(205) 758-7588Principal Officer
Donny Jones
Main Address
2222 9th Street, Tuscaloosa, AL, 35401
NTEE Category
Code: Z99 - Unknown
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