Overview
What is Ge Chamber Foundation?
The Ge Chamber Foundation, based in Chicago, Illinois, is a nonprofit organization dedicated to uplifting the Greater Englewood community. Their mission is to transform this area into a vibrant commercial and retail hub by supporting its existing businesses. They achieve this by offering advisory services, developing strategies, and showcasing local businesses. The foundation also serves as a comprehensive economic development partner, aiming to create a favorable social environment for its members. In addition, the Ge Chamber Foundation focuses on equitably funding black and brown businesses, placing them at the center of the small business ecosystem. They advocate for changes in economic development and provide tailored support to meet the unique needs of these businesses. With a team of two dedicated individuals, they strive to be a trusted and reliable source for small businesses in the Greater Englewood community.
Is Ge Chamber Foundation legitimate?
Ge Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ge 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: $59,502
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,833
For more financial information, click here
What is the mission statement of Ge Chamber Foundation?
The GE Chamber Foundation's mission is centered around promoting equity in funding for black and brown-owned small businesses. This is achieved by advocating for necessary changes in economic development and acting as a dependable and credible source of tailored support. By positioning these businesses at the heart of the small enterprise ecosystem, the foundation aims to serve as a trusted ally addressing the unique needs of each business. The GE Chamber Foundation is the sister organization to the GE Chamber of Commerce.
Who is the CEO of Ge Chamber Foundation?
Felicia Slaton-Young is the Executive Dir. of Ge Chamber Foundation.
What is the revenue of Ge Chamber Foundation?
Ge Chamber Foundation's revenue in 2022 was $311,762.
Who are the executives of Ge Chamber Foundation and what are their salaries?
The average compensation at Ge Chamber Foundation during 2022 was $52,168. There are 2 employees at Ge Chamber Foundation.
Here are 4 key members and their salaries:
- Compensation: $59,502
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ge Chamber Foundation?
Ge Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ge Chamber Foundation
The Ge Chamber Foundation, affiliated with the GE Chamber of Commerce, is committed to an asset-based approach in promoting equity for black and brown businesses. Their mission is to position these enterprises at the heart of the small business ecosystem by advocating for necessary changes in economic development. As a reliable and credible source of support, the Ge Chamber Foundation caters to the unique needs of these businesses, providing them with the necessary backing to thrive.
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Impact
October, 2024
The GE Chamber Foundation significantly impacts black and brown businesses by leveraging an asset-based approach to equitable funding and support. Their mission centers on placing these businesses at the forefront of the small business ecosystem, ensuring they receive the necessary resources and advocacy for sustainable growth.
By focusing on individualized needs, the Foundation serves as a credible partner for small businesses, offering targeted support that addresses unique challenges faced by entrepreneurs in underserved communities. This includes connecting them to financing opportunities and expanding their marketing reach, which enhances their visibility both locally and globally.
Additionally, the Foundation's efforts to advocate for economic development changes are vital in creating a favorable environment for business growth. By following established community plans like the Quality of Life Plan and Growth 180, the GE Chamber Foundation not only promotes the development of existing businesses but also contributes to the transformation of Greater Englewood into a thriving commercial destination. This holistic approach fosters a robust network of support that empowers minority-owned businesses, enhances community engagement, and drives economic revitalization in Chicago.
This information is meant to be a general summary of Ge 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.
- Gross Receipts: $311,762
Assets and Liabilities:
- Total Assets: $373,210
- Total Liabilities: $45,408
- Net Assets: $327,802
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Organization Details
Founding Year
2018
Phone
(312) 768-8573Principal Officer
Felicia Slaton-Young
Main Address
825 W 69TH STREET 2ND F, CHICAGO, IL, 60621
NTEE Category
Code: B02 - Education
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