Overview
What is Alexander City Chamber Foundation?
The Alexander City Chamber Foundation is a nonprofit organization located in Alexander City, Alabama. Its primary mission is to offer scholarship assistance to local students who are enrolled in the community college. The foundation provides financial aid, aiming to support the educational growth of the area's young population. Although the information provided is limited, it is evident that the foundation's main objective is to contribute to the community's educational development by offering financial aid to deserving students.
Official website here: www.alexandercitygateway.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
The Alexander City Chamber Foundation has earned a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is primarily based on the Accountability & Finance beacon, indicating that the organization's financial practices and transparency are commendable. The foundation has a strong independent board structure, with 90% of its members being independent, which is a positive indicator of governance.
Strengths include a high program expense ratio of 84.94%, meaning that a significant portion of its budget is allocated to programs rather than administrative costs. Additionally, the foundation has demonstrated no material diversion of assets and has published board meeting minutes, enhancing accountability. However, the organization has notable limitations, including the absence of essential policies such as conflict of interest, whistleblower, and document retention policies, which may raise concerns about governance practices.
While the Alexander City Chamber Foundation shows a solid financial standing with a liabilities to assets ratio of 0.00%, the missing policies could impact its overall governance effectiveness. Potential donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Alexander City Chamber Foundation legitimate?
Alexander City Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alexander City Chamber 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.
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Official website here: www.alexandercitygateway.com
What is the mission statement of Alexander City Chamber Foundation?
The Alexander City Chamber Foundation's primary mission is to offer scholarship assistance to students residing in the local area who are pursuing their education at the community college. By providing financial aid, the foundation aims to make higher education more accessible and affordable for these students. The organization's mission is geared towards empowering the next generation of learners, thereby contributing to the overall development of the community. The foundation's activities are focused solely on this mission, demonstrating its commitment to supporting local students in their academic pursuits.
Official website here: www.alexandercitygateway.com
What is the revenue of Alexander City Chamber Foundation?
Alexander City Chamber Foundation's revenue in 2023 was $140,156.
Official website here: www.alexandercitygateway.com
Who are the executives of Alexander City Chamber Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.alexandercitygateway.com
Where can I find the form 990 for Alexander City Chamber Foundation?
Alexander City Chamber Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alexandercitygateway.com
Learn more at the official website: www.alexandercitygateway.com
Mission Statement of Alexander City Chamber Foundation
The Alexander City Chamber Foundation, as its mission statement suggests, is dedicated to providing financial aid in the form of scholarships to students residing in the local area who choose to pursue their education at the community college. This nonprofit organization's primary focus is on supporting these students, enabling them to further their academic journey and potentially contribute to their communities in the future. By offering scholarship assistance, the Alexander City Chamber Foundation plays a crucial role in fostering educational opportunities and empowering the next generation of leaders and professionals.
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Impact
August, 2024
The Alexander City Chamber Foundation's impact is focused on providing scholarship assistance to area students attending the local community college in Alexander City, Alabama. By offering financial support to these students, the Foundation enables them to pursue higher education and achieve their academic goals. This philanthropic effort helps alleviate the financial burden of pursuing college education, ultimately contributing to the educational advancement and future success of individuals in the community.
This information is meant to be a general summary of Alexander City Chamber 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.
- Investment Income: $29,672
- Gross Receipts: $399,746
Assets and Liabilities:
- Total Assets: $905,846
- Total Liabilities: $0
- Net Assets: $905,846
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Organization Details
Founding Year
2002
Principal Officer
Steve Robinson
Website
www.alexandercitygateway.comNTEE Category
Code: T31 - Philanthropy
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