Overview
What is Chamber Of Commerce Foundation?
The Chamber of Commerce Foundation, situated in Ardmore, Oklahoma, primarily focuses on bettering the local community. They achieve this by administering various small programs, contributing to education improvement and city beautification efforts. Furthermore, the foundation supports local charitable organizations, aiming to enhance the quality of life for Ardmore's residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating
The Chamber Of Commerce Foundation has received a score of 77%, which reflects a solid level of accountability and financial health. This rating indicates that the organization is effectively managing its resources and is committed to transparency and governance. The foundation has achieved a perfect score for having a majority independent board, showcasing its commitment to unbiased decision-making.
Strengths of the organization include a high program expense ratio of 85.60%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, the foundation has established policies for conflict of interest, whistleblowing, and document retention, which enhance its operational integrity. The absence of material diversion of assets also reflects a strong commitment to ethical practices.
However, while the overall rating is strong, there could be areas for improvement in terms of outreach and support for their initiatives, as suggested by the moderate rating. Continued focus on expanding their impact and increasing visibility may help elevate their profile in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Chamber Of Commerce Foundation legitimate?
Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Chamber Of Commerce Foundation?
The Chamber of Commerce Foundation strives to enhance the lives of its community members by focusing on three key areas: education, city beautification, and supporting local charitable organizations. Through various small programs, it aids community groups in contributing positively to their community. The foundation serves as a catalyst for improving the overall well-being of its community members.
Who is the CEO of Chamber Of Commerce Foundation?
Bill Murphy is the President of Chamber Of Commerce Foundation.
What is the revenue of Chamber Of Commerce Foundation?
Chamber Of Commerce Foundation's revenue in 2022 was $815,483.
Who are the executives of Chamber Of Commerce Foundation and what are their salaries?
There 75 volunteers at Chamber Of Commerce Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Chamber Of Commerce Foundation?
Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chamber Of Commerce Foundation
The Chamber of Commerce Foundation, with a focus on improving the lives of its community members, actively works towards enhancing education and beautifying the city. Its mission extends beyond these two aspects, as it also supports local charitable organizations in their endeavors to contribute positively to their community. The foundation accomplishes this by managing various small programs designed to empower and engage the community. By doing so, the Chamber of Commerce Foundation plays a significant role in enriching the lives of its citizens.
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Impact
July, 2024
The Chamber of Commerce Foundation is making a significant impact in the Ardmore area by improving education, beautifying the city, and supporting local charitable organizations. Through various programs and initiatives, the foundation is actively involved in enhancing the quality of life for residents in Ardmore. The foundation's work not only contributes to the overall beautification of the city but also empowers community members to take pride in their surroundings and actively participate in initiatives that promote positive change. By focusing on education, beautification, and supporting local charities, the Chamber of Commerce Foundation is playing a crucial role in fostering a vibrant and thriving community in Ardmore, Oklahoma.
This information is meant to be a general summary of 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: $10,349
- Gross Receipts: $837,996
Assets and Liabilities:
- Total Assets: $8,106,283
- Total Liabilities: $3,409,097
- Net Assets: $4,697,186
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Organization Details
Phone
(580) 223-7765Principal Officer
Bill Murphy
Main Address
410 West Main Street, Ardmore, OK, 73401
NTEE Category
Code: S41Z - Community improvement
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