Overview
What is Frankfort Chamber Nfp?
Frankfort Chamber NFP is a nonprofit organization situated in Frankfort, Illinois, specifically at 123 Kansas Street. Their primary aim is to engage the local community through annual events, such as the Fall Festival and Craft Show, which serve to promote local businesses and foster a sense of community. The primary function of this organization is to raise funds, which are then distributed to charitable, educational, and scientific organizations situated within or adjacent to the Village of Frankfort, Illinois. This philanthropic endeavor aims to support the local community and contribute to its overall development.
Official website here: www.frankfortchamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Frankfort Chamber Nfp has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is primarily based on the organization's accountability and finance metrics, highlighting its financial health and governance practices. Particular strengths include a 100% independent board, a strong program expense ratio of 95.87%, and excellent management of liabilities with a 0.00% ratio.
Although the organization demonstrates solid performance in many areas, there are notable gaps in its governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy resulted in a lower score in those specific categories. Despite these limitations, the organization maintains transparency with board meeting minutes documented and its website listed on the tax form.
Overall, while the Frankfort Chamber Nfp shows commendable financial accountability and program dedication, addressing the governance policy shortcomings could enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Frankfort Chamber Nfp legitimate?
Frankfort Chamber Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankfort Chamber Nfp 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.frankfortchamber.com
What is the mission statement of Frankfort Chamber Nfp?
The Frankfort Chamber NFP's mission is centered around raising funds, which are then distributed to charitable, educational, and scientific organizations situated within or nearby their vicinity. This non-profit organization's primary goal is to contribute to the betterment of these organizations and the communities they serve. To engage with the local community, they organize an annual fall festival and craft show, which serves to promote local businesses and foster a sense of community.
Official website here: www.frankfortchamber.com
Who is the CEO of Frankfort Chamber Nfp?
Laura Vroom is the President of Frankfort Chamber Nfp.
Official website here: www.frankfortchamber.com
What is the revenue of Frankfort Chamber Nfp?
Frankfort Chamber Nfp's revenue in 2021 was $0.
Official website here: www.frankfortchamber.com
Who are the executives of Frankfort Chamber Nfp and what are their salaries?
There 9 volunteers at Frankfort Chamber Nfp.
Here are 9 key members and their salaries:
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Official website here: www.frankfortchamber.com
Where can I find the form 990 for Frankfort Chamber Nfp?
Frankfort Chamber Nfp's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.frankfortchamber.com
Learn more at the official website: www.frankfortchamber.com
Mission Statement of Frankfort Chamber Nfp
The Frankfort Chamber Nfp, a nonprofit organization, is committed to raising funds with the intention of making distributions to charitable, educational, and scientific organizations. These organizations are strategically located within or adjacent to the village of Frankfort, Illinois. By carrying out this mission, the Frankfort Chamber Nfp serves as a vital source of support for various community initiatives, contributing to the overall well-being and development of the area.
To achieve its mission, the Frankfort Chamber Nfp organizes events that engage the local community, such as the annual Fall Festival and Craft Show. This event not only provides an opportunity for local businesses to showcase their products and services but also fosters a sense of community and camaraderie among the residents. By actively involving the community in these events, the Frankfort Chamber Nfp is able to raise funds that can then be distributed to eligible organizations, ensuring that the funds are being utilized in a way that benefits the local community. In this way, the Frankfort Chamber Nfp plays a crucial role in promoting the growth and development of the village of Frankfort, Illinois, through its mission of raising funds and making distributions to charitable, educational, and scientific organizations.
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Impact
October, 2024
Frankfort Chamber Nfp plays a crucial role in the local community by fostering engagement and support for local businesses through events like the Annual Fall Festival and Craft Show. This celebration not only brings community members together but also serves as a platform to promote area businesses. By raising funds, the organization is able to make distributions to charitable, educational, and scientific organizations in and around Frankfort, IL. This impact extends beyond immediate financial support; it strengthens community ties, encourages local entrepreneurship, and enhances the overall quality of life in the area. Through its mission, Frankfort Chamber Nfp contributes to a vibrant and sustainable community, making it a vital asset for residents and local organizations alike.
This information is meant to be a general summary of Frankfort Chamber Nfp. 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FALL FESTIVAL AND CRAFT
Organization Details
Founding Year
2018
Principal Officer
Laura Vroom
Main Address
123 KANSAS ST, FRANKFORT, IL, 60423
Website
www.frankfortchamber.comNTEE Category
Code: T31 - Philanthropy
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