California Black Chamber Of Commerce Foundation

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating. The California Black Chamber Of Commerce Foundation has received a low rating primarily due to its Accountability & Finance score. The organization scored poorly in key areas such as board independence, financial statements, and program expense ratio, raising concerns about its financial transparency and governance practices.

Despite these shortcomings, the nonprofit does have some strengths, such as a solid conflict of interest policy, whistleblower policy, and a document retention and destruction policy, all of which received full marks. Additionally, the organization has demonstrated accountability regarding material diversion of assets, indicating some level of fiscal responsibility in that area.

On the downside, the lack of independent board members and the absence of publicly posted financial statements on its website are significant red flags. The program expense ratio of 0 suggests that the funds may not be effectively utilized towards the nonprofit's mission, which may impact donor confidence and support in the long term. Overall, the foundation has notable governance policies but must address its financial management and transparency issues to improve its rating and effectiveness.

This AI summary has been generated from information found on Charity Navigator.

California Black Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. California Black Chamber Of Commerce 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:

Executive Compensation: $10,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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