Overview
What is Sacramento Hispanic Chamber Of Commerce Foundation?
The Sacramento Hispanic Chamber of Commerce Foundation is a nonprofit organization situated in the heart of Sacramento, California. Their primary objective is to bolster the local business community by offering comprehensive educational services and technical assistance to small and emerging entrepreneurs, particularly those who are women or belong to minority groups. Their mission encompasses facilitating access to capital, aiding in procurement, and providing workforce development training. By doing so, they aim to empower these business owners, enabling them to manage their ventures effectively. Their headquarters can be found at 400 Capital Mall, 9th Floor.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Sacramento Hispanic Chamber of Commerce Foundation has achieved a 94% rating, reflecting strong accountability and financial health. This score is derived entirely from a single beacon focused on Accountability & Finance, indicating transparency and responsible management practices. The foundation has demonstrated excellence in various governance aspects, including having a majority of independent board members and established conflict of interest policies.
Strengths of the organization include a high program expense ratio of 90.21%, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the foundation's liabilities to assets ratio stands at a healthy 41.33%, indicating solid financial stability. The presence of policies for whistleblower protection, document retention, and regular board meeting minutes further enhances its credibility.
While the data highlights numerous strengths, ongoing vigilance in maintaining these standards will be crucial for the foundation's continued success. The absence of material diversion of assets is a positive sign, but future evaluations will benefit from monitoring any changes in financial practices or board composition. Overall, the Sacramento Hispanic Chamber of Commerce Foundation appears to be a well-managed organization focused on serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Sacramento Hispanic Chamber Of Commerce Foundation legitimate?
Sacramento Hispanic Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacramento Hispanic 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Sacramento Hispanic Chamber Of Commerce Foundation?
The Sacramento Hispanic Chamber of Commerce Foundation's mission is centered around strengthening the local business community. They achieve this by offering various services such as education, technical assistance, facilitating access to capital, helping with procurement, and providing workforce development training. These initiatives are specifically designed for small and emerging businesses, including those owned by women and minorities, with the goal of empowering them to manage their businesses effectively.
Who is the CEO of Sacramento Hispanic Chamber Of Commerce Foundation?
Cathy Rodriguez is the President & Ceo of Sacramento Hispanic Chamber Of Commerce Foundation. The CEO's salary of Sacramento Hispanic Chamber Of Commerce Foundation is $0 and their total compensation is $162,840.
What is the revenue of Sacramento Hispanic Chamber Of Commerce Foundation?
Sacramento Hispanic Chamber Of Commerce Foundation's revenue in 2022 was $487,531.
Who are the executives of Sacramento Hispanic Chamber Of Commerce Foundation and what are their salaries?
There 25 volunteers at Sacramento Hispanic Chamber Of Commerce Foundation.
Here are 9 key members and their salaries (Sacramento Hispanic Chamber Of Commerce Foundation's CEO's salary is $0 and their total compensation is $162,840):
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Where can I find the form 990 for Sacramento Hispanic Chamber Of Commerce Foundation?
Sacramento Hispanic Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sacramento Hispanic Chamber Of Commerce Foundation
The Sacramento Hispanic Chamber of Commerce Foundation is committed to fortifying the local business community by offering various resources and support services. With a focus on education, technical assistance, and workforce development training, this nonprofit organization aims to empower small and emerging business owners, particularly those who are women and minority-owned. By providing these essential tools, the Sacramento Hispanic Chamber of Commerce Foundation enables business owners to manage their operations effectively, ultimately contributing to the overall growth and strength of the region's business community.
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Impact
July, 2024
The Sacramento Hispanic Chamber of Commerce Foundation's impact is significant in strengthening the region's business community. By providing education, technical assistance, access to capital, procurement facilitation, and workforce development training, the foundation empowers small and emerging business owners, including women and minority-owned businesses, to effectively run their businesses. Through these services, the foundation plays a crucial role in improving the local community and fostering economic growth.
This information is meant to be a general summary of Sacramento Hispanic Chamber Of Commerce Foundation. 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: $160
- Gross Receipts: $487,531
Assets and Liabilities:
- Total Assets: $323,444
- Total Liabilities: $133,692
- Net Assets: $189,752
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Organization Details
Founding Year
2000
Phone
(916) 486-7700Principal Officer
Cathy Rodriguez
Main Address
400 Capital Mall 9th Floor, Sacramento, CA, 95814
NTEE Category
Code: S40 - Community improvement
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