Big Spring Chamber Of Commerce Charitable Trust 1

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 756440949 ✦ Big spring, TX ✦ Designated as a 501(c)(3)

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Overview

What is Big Spring Chamber Of Commerce Charitable Trust 1?

Big Spring Chamber of Commerce Charitable Trust 1 is a nonprofit organization based in Big Spring, Texas. Their primary mission is to alleviate the burden on local government by supporting civic activities initiated by the Chamber of Commerce. One of their notable initiatives is sponsoring the holiday lighting of the city park and community center, which attracted an estimated 23,000 guests during the celebration. The lighting display is visible along U.S. Highway 87 from Thanksgiving to New Year's, although the exact number of holiday viewers is not specified. By supporting these events, the trust aims to contribute positively to the community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73%, Two-Star out of Four Star rating.

The Big Spring Chamber of Commerce Charitable Trust has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This rating highlights the charity's strengths primarily in accountability and finance metrics. The organization boasts a fully independent board, with all three members being independent, contributing positively to its governance structure.

Notably, the charity has demonstrated strong financial health, indicated by a program expense ratio of 99.96%, which suggests that almost all of its expenses are directed towards its programs. Additionally, there are no reported liabilities, and the organization has effectively documented its board meeting minutes, showcasing transparency in operations.

However, the overall rating is solely based on the accountability and finance score, indicating that there may be limited information available on other aspects, such as operational effectiveness or impact. As such, potential donors may want to consider these factors when evaluating support for the organization.


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

Is Big Spring Chamber Of Commerce Charitable Trust 1 legitimate?

Big Spring Chamber Of Commerce Charitable Trust #1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Spring Chamber Of Commerce Charitable Trust #1 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 Big Spring Chamber Of Commerce Charitable Trust 1?

The Big Spring Chamber of Commerce Charitable Trust 1 aims to alleviate the burden on local government by supporting the civic activities of the Chamber of Commerce. One of their initiatives includes sponsoring the holiday lighting of a city park and community center, attracting an estimated 23,000 guests. Their display along U.S. Highway 87 is visible from Thanksgiving to New Year's, although the exact number of holiday viewers is not specified. The trust's primary objective is to contribute to the civic activities of the Chamber of Commerce, thereby reducing the strain on local government.

Who is the CEO of Big Spring Chamber Of Commerce Charitable Trust 1?

Debbye Valverde is the Principal Officer of Big Spring Chamber Of Commerce Charitable Trust #1.

What is the revenue of Big Spring Chamber Of Commerce Charitable Trust 1?

Big Spring Chamber Of Commerce Charitable Trust 1's revenue in 2022 was $63,296.

Who are the executives of Big Spring Chamber Of Commerce Charitable Trust 1 and what are their salaries?


Here are 3 key members and their salaries:


Kayla Jo Nichols (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Hamlin (President-Elect)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Morgan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Big Spring Chamber Of Commerce Charitable Trust 1?

Big Spring Chamber Of Commerce Charitable Trust 1's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Big Spring Chamber Of Commerce Charitable Trust 1

The Big Spring Chamber of Commerce Charitable Trust 1 is an organization dedicated to alleviating the burden on local government by supporting chamber of commerce civic activities. This mission is demonstrated through their sponsorship of community events, such as the holiday lighting of the city park and community center. During this event, an estimated 23,000 guests attended, and the portion of the display along U.S. Highway 87 was visible from Thanksgiving to New Year's, although there is no available data on the number of holiday viewers. This nonprofit's efforts aim to contribute positively to the community and lessen the responsibilities of local government in organizing such events.

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Impact




October, 2024

Big Spring Chamber Of Commerce Charitable Trust 1 plays a vital role in enhancing community engagement and fostering a sense of pride among residents in Big Spring, Texas. By sponsoring civic activities, such as the holiday lighting of city parks and the community center, they not only beautify the area but also create festive experiences for the public. With an estimated 23,000 registered guests enjoying the holiday displays, the Trust significantly contributes to community cohesion and celebration.

The visibility of their efforts, especially the festive lighting visible from U.S. Hwy 87 from Thanksgiving to New Year’s, attracts numerous viewers, further enriching the local culture. This initiative lessens the burden on local government by providing essential support for civic events, demonstrating a commitment to community improvement and spirited participation during the holiday season. The Trust’s initiatives reinforce community bonds and encourage social interaction, making Big Spring a more vibrant and lively place to live and visit.




This information is meant to be a general summary of Big Spring Chamber Of Commerce Charitable Trust 1. 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.

Revenue
$63,296 (2022)
Expenses
$64,519 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $150
  • Gross Receipts: $63,296

Assets and Liabilities:

  • Total Assets: $339,701
  • Total Liabilities: $0
  • Net Assets: $339,701

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Organization Details

Founding Year

1993

Principal Officer

Debbye Valverde

Main Address

PO BOX 1391, BIG SPRING, TX, 797211391

NTEE Category

Code: S30 - Community improvement

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