Overview
What is The State Chamber Research Foundation?
The State Chamber Research Foundation is a nonprofit organization situated in Oklahoma City, Oklahoma. Their primary mission involves conducting and promoting research to foster economic development opportunities within the state. Their key initiatives include the Business Leaders Poll, an annual survey providing insights into the concerns and perspectives of Oklahoma's diverse business community. Additionally, they publish the Oklahoma Scorecard, evaluating the state's economic competitiveness compared to national, regional, and peer standards. The Research Institute for Economic Development assists businesses in understanding how legislators vote on economic issues, promoting free enterprise and prosperity. In collaboration with local and national leaders, they are also working on streamlining Oklahoma's workforce system to meet the future needs of both workers and employers. Lastly, the Legal Center focuses on researching policy implications related to the third branch of government.
Official website here: www.okstatechamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The State Chamber Research Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting strong performance in accountability and finance. This rating is based on a comprehensive evaluation where the organization scored perfectly in various criteria, showcasing the effectiveness of its governance structure, including a fully independent board and robust financial oversight mechanisms.
One of the notable strengths of the organization is its significant allocation of resources towards its programs, with a program expense ratio of 79.36%, indicating a strong commitment to its mission. Additionally, the organization maintains low liabilities relative to its assets, which contributes to its financial stability. The presence of essential policies such as conflict of interest, whistleblower protections, and document retention underscores its commitment to transparency.
However, the foundation did receive a lower score in fundraising efficiency, achieving a ratio of $0.002, which may suggest challenges in generating funds relative to expenses. This could be an area for improvement to enhance its overall financial effectiveness and sustainability. Nonetheless, the foundation's strong governance and financial accountability are commendable.
This AI summary has been generated from information found on Charity Navigator.
Is The State Chamber Research Foundation legitimate?
The State Chamber Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The State Chamber Research 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
Official website here: www.okstatechamber.com
What is the mission statement of The State Chamber Research Foundation?
The State Chamber Research Foundation's mission is centered around conducting and advocating for research related to economic development opportunities. Beyond this, the organization aims to contribute to the betterment of the state's citizens in civic, sociological, and cultural aspects through the role of industry. The foundation carries out its mission through various initiatives, such as the Business Leaders Poll, Oklahoma Scorecard, Research Institute for Economic Development, and a focus on workforce development and legal policy research. These initiatives provide valuable insights and tools for policymakers, businesses, and the community at large.
Official website here: www.okstatechamber.com
Who is the CEO of The State Chamber Research Foundation?
Chad Warmington is the CEO of The State Chamber Research Foundation The CEO's salary of The State Chamber Research Foundation is $0 and their total compensation is $460,705.
Official website here: www.okstatechamber.com
What is the revenue of The State Chamber Research Foundation?
The State Chamber Research Foundation's revenue in 2023 was $686,634.
Official website here: www.okstatechamber.com
Who are the executives of The State Chamber Research Foundation and what are their salaries?
There 10 volunteers at The State Chamber Research Foundation.
Here are 12 key members and their salaries (The State Chamber Research Foundation's CEO's salary is $0 and their total compensation is $460,705):
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- Related: $439,387
- Other: $21,318
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- Related: $156,482
- Other: $10,934
Official website here: www.okstatechamber.com
Where can I find the form 990 for The State Chamber Research Foundation?
The State Chamber Research Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.okstatechamber.com
Learn more at the official website: www.okstatechamber.com
Mission Statement of The State Chamber Research Foundation
The State Chamber Research Foundation, an esteemed organization, is dedicated to conducting and advocating for research related to economic development opportunities and the role of industry in improving the civic, sociological, and cultural well-being of Oklahoma's citizens. The foundation's mission is multifaceted, encompassing various initiatives.
One of its key activities is the annual Business Leaders Poll, a statewide scientific survey that provides a comprehensive understanding of the perspectives, concerns, and outlook of Oklahoma's diverse business community. This inclusive survey, which covers both large and small businesses, urban and rural areas, and various business sectors, offers valuable insights, highlighting the key challenges and barriers faced by business owners.
Furthermore, The State Chamber Research Foundation publishes the Oklahoma Scorecard, an annual report that evaluates Oklahoma's competitive position relative to the nation, region, and a group of peer states with similar characteristics. This comprehensive tool, intended for policymakers, measures Oklahoma's economic competitiveness across six key issue areas: tax competitiveness, workforce, infrastructure, legal climate, government burden, and health care.
In addition, the Research Institute for Economic Development, a non-partisan organization affiliated with The State Chamber Research Foundation, aims to assist the business community in understanding how Oklahoma's legislators vote on issues concerning business, jobs, and the economy.
The foundation also has a focus on workforce development, working in collaboration with local and national leaders to streamline Oklahoma's workforce into a more coordinated and focused system. This initiative aims to equip Oklahoma workers with the necessary skills for future success and provide employers with a skilled workforce.
Lastly, The State Chamber Research Foundation's Legal Center conducts research on policy implications affecting the third branch of government. The purpose of this center is to promote free enterprise and economic prosperity by advocating for the consistent and fair application of the law as written.
In summary, The State Chamber Research Foundation is a comprehensive organization committed to conducting and promoting research related to economic development opportunities and the role of industry in improving the civic, sociological, and cultural well-being of Oklahoma's citizens. Its initiatives include the Business Leaders Poll, Oklahoma Scorecard, Research Institute for Economic Development, workforce development, and Legal Center.
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Impact
July, 2024
The State Chamber Research Foundation has a significant impact on Oklahoma by performing and promoting research regarding economic development opportunities, as well as the role of industry in the civic, sociological, and cultural betterment of the state's citizens. Through initiatives like the Business Leaders Poll, the Oklahoma Scorecard, the Research Institute for Economic Development, the Workforce Study, and the Legal Center, the foundation serves as a vital resource for business owners, policymakers, and the community at large. By providing valuable insights, advocating for free enterprise, and facilitating a more coordinated workforce system, the foundation plays a crucial role in shaping Oklahoma's economic landscape for a brighter future.
This information is meant to be a general summary of The State Chamber Research 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 2023.
- Gross Receipts: $686,634
Assets and Liabilities:
- Total Assets: $635,252
- Total Liabilities: $85,730
- Net Assets: $549,522
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Organization Details
Founding Year
1980
Principal Officer
Chad Warmington
Website
www.okstatechamber.comNTEE Category
Code: Z99Z - Unknown
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