Overview
What is Shoals Area Chamber Foundation Inc?
Shoals Area Chamber Foundation Inc, situated in Florence, Alabama, serves as a grantmaking public charity foundation. Its primary purpose is to support and benefit the Shoals Area Chamber of Commerce, a 501(c)6 organization. By providing grants, the foundation plays a crucial role in enhancing the chamber's capabilities and contributing to the overall development of the local commerce sector.
Is Shoals Area Chamber Foundation Inc legitimate?
Shoals Area Chamber Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shoals Area 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Shoals Area Chamber Foundation Inc?
The Shoals Area Chamber Foundation serves as a grantmaking public charity, with its primary mission being to support the Shoals Area Chamber of Commerce as a 501(c)6 organization. In essence, the foundation aims to contribute positively to the chamber, promoting its growth and development. While the exact nature of the support is not specified in the provided information, it potentially involves providing financial assistance, resources, or other forms of aid to further the chamber's objectives.
Who is the CEO of Shoals Area Chamber Foundation Inc?
Caitlin Holland is the Secretary of Shoals Area Chamber Foundation Inc.
What is the revenue of Shoals Area Chamber Foundation Inc?
Shoals Area Chamber Foundation Inc's revenue in 2022 was $159,477.
Who are the executives of Shoals Area Chamber Foundation Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Shoals Area Chamber Foundation Inc?
Shoals Area Chamber Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shoals Area Chamber Foundation Inc
Shoals Area Chamber Foundation, a grantmaking public charity foundation, is dedicated to supporting the Shoals Area Chamber of Commerce as its beneficiary. The foundation's mission is to contribute positively to this business organization, without specifying the exact nature of its support or the objectives of the Chamber of Commerce. The Shoals Area Chamber Foundation's role is to promote the growth and development of the chamber, ultimately benefiting the broader business community it serves. However, the details of how exactly the foundation achieves this are not provided in the given information.
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Impact
October, 2024
Shoals Area Chamber Foundation Inc plays a pivotal role in enhancing the economic and social landscape of Florence, AL. By providing financial support to the Shoals Area Chamber of Commerce, the foundation facilitates various initiatives aimed at community improvement. This includes fostering local business development, creating job opportunities, and promoting economic growth in the region.
Through its grantmaking efforts, the foundation invests in projects that enhance the quality of life for residents, attract new businesses, and support existing enterprises. This engagement not only bolsters the local economy but also strengthens community ties, encouraging collaboration among businesses, organizations, and residents. The foundation’s focus on community improvement initiatives ultimately contributes to a more vibrant and prosperous environment for all individuals and families in the Shoals area.
This information is meant to be a general summary of Shoals Area 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: $648
- Program Service Revenue: $85,070
- Gross Receipts: $159,477
Assets and Liabilities:
- Total Assets: $198,266
- Total Liabilities: $0
- Net Assets: $198,266
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADULT LEADERSHIP
Revenue
$2,996
BEST ROBOTIC
Revenue
$17,170
WORK FORCE READINES
Revenue
$7,354
EDUCATION GEN YOUTH SER
Revenue
$2,550
LAUCH PAD DONATION
Revenue
$55,000
Organization Details
Founding Year
1986
Principal Officer
Caitlin Holland
Main Address
20 HIGHTOWER PLACE, FLORENCE, AL, 35630
NTEE Category
Code: S30 - Community improvement
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