Overview
What is Midland Chamber Of Commerce Foundation Inc?
The Midland Chamber of Commerce Foundation is a nonprofit organization situated in Midland, Texas. Its primary focus is to foster leadership development within the community, achieving this through a program called Leadership Midland. This initiative offers exposure and insight to individuals who are expected to assume leadership roles in the community. Additionally, the foundation serves as a visionary and leader, working towards enhancing the quality of life and bolstering economic development for both businesses and individuals in the area.
Official website here: www.midlandtxchamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Midland Chamber Of Commerce Foundation Inc has received a low score of 56%, indicating significant concerns regarding its financial accountability and operational transparency. While the organization excels in governance aspects, such as maintaining an independent board and having robust policies for conflict of interest and whistleblowing, it struggles with financial efficiency, as indicated by its program expense ratio of only 9.68%.
The charity demonstrates strong governance practices with a fully independent board and effective audit oversight, which reflects positively on its commitment to ethical operations. However, the lack of a posted tax form on its website and the minimal program expenses raise questions about its financial health and effectiveness in fulfilling its mission.
Overall, while the Midland Chamber Of Commerce Foundation shows strength in governance, its low program expense ratio and transparency issues highlight areas that require improvement to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Midland Chamber Of Commerce Foundation Inc?
92% of 36 reviewers on Facebook recommend the Midland Chamber of Commerce Foundation Inc. Here is a summary of their reviews:
Many users express a strong appreciation for the organization, highlighting the positive impact it has on the community. Several comments describe the team as "AMAZING" and praise their commitment to supporting local initiatives and businesses. This level of enthusiasm reflects a community that values the foundation's contributions.
Overall, there is a clear sentiment of satisfaction among those who have interacted with the foundation, indicating that it successfully fulfills its mission and resonates well with community members.
This AI summary has been generated from reviews found on Facebook.
Is Midland Chamber Of Commerce Foundation Inc legitimate?
Midland Chamber Of Commerce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland Chamber Of Commerce 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
For more financial information, click here
Official website here: www.midlandtxchamber.com
What is the mission statement of Midland Chamber Of Commerce Foundation Inc?
The Midland Chamber of Commerce Foundation serves to provide vision and leadership, aiming to strengthen and enhance the quality of life and economic development for businesses and individuals within the community. Through its initiatives, the foundation strives to foster a thriving community by offering programs that develop future leaders, offering them exposure and insights into community leadership positions. This foundation is instrumental in driving growth and improvement within the community, ultimately contributing to its overall development.
Official website here: www.midlandtxchamber.com
Who is the CEO of Midland Chamber Of Commerce Foundation Inc?
Robert Burns is the Chair-Elect of Midland Chamber Of Commerce Foundation Inc. The CEO's salary of Midland Chamber Of Commerce Foundation Inc is $0 and their total compensation is $319,054.
Official website here: www.midlandtxchamber.com
What is the revenue of Midland Chamber Of Commerce Foundation Inc?
Midland Chamber Of Commerce Foundation Inc's revenue in 2022 was $2,435,219.
Official website here: www.midlandtxchamber.com
Who are the executives of Midland Chamber Of Commerce Foundation Inc and what are their salaries?
Here are 13 key members and their salaries (Midland Chamber Of Commerce Foundation Inc's CEO's salary is $0 and their total compensation is $319,054):
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- Related: $284,870
- Other: $34,184
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- Related: $124,100
- Other: $14,892
Official website here: www.midlandtxchamber.com
Where can I find the form 990 for Midland Chamber Of Commerce Foundation Inc?
Midland Chamber Of Commerce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandtxchamber.com
Learn more at the official website: www.midlandtxchamber.com
Mission Statement of Midland Chamber Of Commerce Foundation Inc
The Midland Chamber of Commerce Foundation serves a vital role in its community by providing vision and leadership, aiming to enhance the quality of life and foster economic development for both businesses and individuals. This mission is accomplished through various initiatives, one of which is Leadership Midland, a community leadership development program. This program offers exposure and insight to individuals who are expected to assume leadership positions within the community, thereby strengthening its collective future.
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Impact
July, 2024
The Midland Chamber of Commerce Foundation Inc's impact is seen through its provision of vision and leadership to strengthen and enhance the quality of life and economic development for businesses and individuals in the community. One of its key initiatives is sponsoring Leadership Midland, a community leadership development program that offers exposure and insight to individuals who will take on leadership roles within the community. By nurturing leadership potential and fostering economic development, the foundation contributes significantly to the overall improvement of the community.
This information is meant to be a general summary of Midland Chamber Of Commerce 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: $18,797
- Program Service Revenue: $53,850
- Gross Receipts: $2,435,219
Assets and Liabilities:
- Total Assets: $6,420,717
- Total Liabilities: $0
- Net Assets: $6,420,717
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEADERSHIP MIDLAND
Revenue
$53,850
Organization Details
Founding Year
1987
Phone
(432) 683-3381Principal Officer
Robert Burns
Main Address
303 W WALL SUITE 200, MIDLAND, TX, 79701
Website
www.midlandtxchamber.comNTEE Category
Code: S41Z - Community improvement
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