Overview
What is The Chamber Foundation?
The Chamber Foundation, situated in Fargo, North Dakota, is a nonprofit organization committed to enhancing the Fargo-Moorhead-West Fargo region. Their primary focus is on workforce development, specifically in the agriculture, manufacturing, and technology industries. They achieve this through their Ignite Initiative Regional Workforce Training System, a systematic approach that provides training and development opportunities. Additionally, they have Ignite FMWF, a technology platform that facilitates communication and collaboration between local businesses, schools, educators, nonprofits, students, and job seekers. The foundation's mission is multifaceted, encompassing strategies to educate, retain, expand, and attract the workforce population, while simultaneously cultivating a favorable business climate to improve the quality of life for the region's residents.
Official website here: www.fmwfchamber.com/chamber-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Chamber Foundation has achieved an 84% score, indicating a solid performance mainly in the area of Accountability & Finance. The organization showcases a strong governance structure with an entirely independent board, receiving the maximum points for board independence and financial oversight. Additionally, it demonstrates a favorable program expense ratio of 86.35%, suggesting a significant focus on its charitable mission.
Despite its strengths, there are notable limitations. The Foundation lacks essential policies, such as a conflict of interest and whistleblower policy, which are crucial for maintaining transparency and accountability. Furthermore, the absence of the tax form on its website as required by IRS regulations may raise concerns about accessibility and compliance with best practices.
Overall, while The Chamber Foundation exhibits commendable financial management and governance strengths, it is essential for the organization to address the identified gaps in its policies to enhance its overall accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Chamber Foundation legitimate?
The Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The 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.
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.fmwfchamber.com/chamber-foundation
What is the mission statement of The Chamber Foundation?
The Chamber Foundation aims to enhance a specific region by implementing various strategies. These strategies focus on improving the workforce population through education, retention, expansion, and attraction. Additionally, the foundation works towards cultivating a positive business climate to ultimately improve the quality of life for the area's residents. One of their initiatives is the Ignite Initiative, a systematic approach to training and development in the agriculture, manufacturing, and technology industries. They also have Ignite FMWF, a technology platform that facilitates connection between businesses, schools, educators, nonprofits, students, jobseekers, and more.
Official website here: www.fmwfchamber.com/chamber-foundation
Who is the CEO of The Chamber Foundation?
Jim Parsons is the Chair of The Chamber Foundation.
Official website here: www.fmwfchamber.com/chamber-foundation
What is the revenue of The Chamber Foundation?
The Chamber Foundation's revenue in 2022 was $540,166.
Official website here: www.fmwfchamber.com/chamber-foundation
Who are the executives of The Chamber Foundation and what are their salaries?
There 50 volunteers at The Chamber Foundation.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $157,879
- Other: $20,207
Official website here: www.fmwfchamber.com/chamber-foundation
Where can I find the form 990 for The Chamber Foundation?
The Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmwfchamber.com/chamber-foundation
Learn more at the official website: www.fmwfchamber.com/chamber-foundation
Mission Statement of The Chamber Foundation
The Chamber Foundation, a nonprofit organization, is dedicated to enhancing its region through diverse strategies. Its mission is threefold: firstly, it aims to improve the workforce population by focusing on education, retention, expansion, and attraction. Secondly, it strives to cultivate a positive business climate, which in turn leads to an improved quality of life for local residents.
In pursuit of these goals, The Chamber Foundation has implemented initiatives such as Ignite, a comprehensive training system for the agriculture, manufacturing, and technology industries. This system is designed to develop and educate the workforce, fostering a skilled and capable workforce that can contribute to the region's growth and success. Additionally, The Chamber Foundation has launched Ignite FMWF, a technology platform that connects businesses, schools, educators, nonprofits, students, jobseekers, and more. This platform serves as a hub for information, content, and networking opportunities, furthering the organization's mission to strengthen its region.
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Impact
July, 2024
The Chamber Foundation's impact can be seen through its diverse strategies aimed at enhancing the Fargo Moorhead West Fargo region. By focusing on education, retention, expansion, and attraction of the workforce population, the Foundation plays a crucial role in cultivating a positive business climate. The Foundation's IGNITE Initiative, which includes a regional workforce training system and a technology platform, has been instrumental in driving training and development in key industries like agriculture, manufacturing, and technology. Through these initiatives, The Chamber Foundation contributes significantly to improving the quality of life for area residents and fostering community improvement.
This information is meant to be a general summary of The 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 2022.
- Investment Income: $166
- Gross Receipts: $540,166
Assets and Liabilities:
- Total Assets: $306,868
- Total Liabilities: $0
- Net Assets: $306,868
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Organization Details
Founding Year
2017
Phone
(218) 233-1100Principal Officer
Jim Parsons
Main Address
PO BOX 2443, FARGO, ND, 581082443
NTEE Category
Code: S30 - Community improvement
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