Overview
What is Nextgen Chamber Of Commerce Foundation?
The Nextgen Chamber of Commerce Foundation, based in Washington D.C., is a small but impactful nonprofit organization. Their primary objective is to empower a new generation of business leadership by supporting research studies and economic projects. They achieve this by promoting inclusive policies and advocating for progressive business practices. The foundation's mission is to shape the future economy, working towards a more equitable and prosperous business landscape. With a dedicated team of one individual, they strive to uplift the voices of the next generation, contributing to a better form of capitalism.
Official website here: www.nextgenchamber.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Nextgen Chamber of Commerce Foundation has received a Three-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. The charity's overall score is based entirely on its accountability and finance practices, reflecting a strong emphasis on these areas.
Strengths of the organization include having a fully independent board, with all members meeting governance standards. Additionally, the foundation has demonstrated strong financial management, with a program expense ratio of 85.02%, indicating that a significant portion of expenses are directed toward its programs. Furthermore, there are no reported issues regarding the diversion of assets, and the organization maintains a solid liabilities to assets ratio of 0.00%.
However, there are noteworthy limitations in the foundation's policies. Specifically, it lacks several key governance documents, such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements may raise questions about the organization's overall governance practices, despite its strong financial indicators.
This AI summary has been generated from information found on Charity Navigator.
Is Nextgen Chamber Of Commerce Foundation legitimate?
Nextgen Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nextgen Chamber Of Commerce 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nextgenchamber.org
What is the mission statement of Nextgen Chamber Of Commerce Foundation?
The Nextgen Chamber of Commerce Foundation is committed to shaping the economy of the future by advocating for policy, promoting inclusion, and encouraging progressive business practices for the emerging generation of business leaders. The organization supports research studies and economic projects to empower this new generation, amplifying their voices in the pursuit of a more equitable form of capitalism. The foundation's mission is centered around fostering an environment that nurtures and supports this new wave of business leadership.
Official website here: www.nextgenchamber.org
Who is the CEO of Nextgen Chamber Of Commerce Foundation?
Adama Iwu is the Board Member of Nextgen Chamber Of Commerce Foundation.
Official website here: www.nextgenchamber.org
What is the revenue of Nextgen Chamber Of Commerce Foundation?
Nextgen Chamber Of Commerce Foundation's revenue in 2022 was $163,427.
Official website here: www.nextgenchamber.org
Who are the executives of Nextgen Chamber Of Commerce Foundation and what are their salaries?
The average compensation at Nextgen Chamber Of Commerce Foundation during 2022 was $60,000. There is 1 employee at Nextgen Chamber Of Commerce Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.nextgenchamber.org
Where can I find the form 990 for Nextgen Chamber Of Commerce Foundation?
Nextgen Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nextgenchamber.org
Learn more at the official website: www.nextgenchamber.org
Mission Statement of Nextgen Chamber Of Commerce Foundation
The Nextgen Chamber of Commerce Foundation is dedicated to shaping the economy of the future. It achieves this by promoting policy, inclusion, and business practice that cater to a new generation of business leadership. The organization's mission is to empower this new generation, ensuring their voices are heard in the pursuit of better capitalism. Through its research studies and economic projects, Nextgen uplifts the next generation of leaders, fostering an economy that is inclusive and forward-thinking.
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Impact
October, 2024
Nextgen Chamber of Commerce Foundation significantly shapes the future economy by focusing on policy, inclusion, and innovative business practices tailored for a new generation of leaders. Through its initiatives, it supports research studies and economic projects that empower emerging business leaders, amplifying their voices and ideas in the pursuit of improved capitalism. By fostering an environment of inclusivity and progressive practices, the foundation plays a critical role in cultivating a workforce that is not only skilled but also aligned with the values of the next generation. Its impact is felt deeply in its commitment to uplifting and equipping future business leaders to navigate and influence the evolving economic landscape effectively.
This information is meant to be a general summary of Nextgen Chamber Of Commerce 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: $163,427
Assets and Liabilities:
- Total Assets: $275,790
- Total Liabilities: $0
- Net Assets: $275,790
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Organization Details
Founding Year
2018
Phone
(702) 335-5835Principal Officer
Adama Iwu
Main Address
700 PENNSYLVANIA AVENUE SE 200, WASHINGTON, DC, 20003
Website
www.nextgenchamber.orgNTEE Category
Code: T30 - Philanthropy
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