Overview
What is The North Little Rock Chamber Foundation?
The North Little Rock Chamber Foundation is a nonprofit organization situated in North Little Rock, Arkansas. Its primary mission is to provide educational and charitable services to the local community. Specifically, they aim to construct and equip an office and meeting facility for the North Little Rock Chamber of Commerce, an organization with over 950 members. By doing so, the foundation supports the Chamber's operations and fosters community engagement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The North Little Rock Chamber Foundation has received a Three-Star rating from Charity Navigator, indicating a strong performance in the category of Accountability & Finance. The organization's overall score is derived solely from this beacon score, reflecting a commitment to financial transparency and effective governance. Notably, the foundation has a favorable liabilities-to-assets ratio of 22.39% and a 100% program expense ratio, suggesting that it allocates all of its expenses toward its programs.
Strengths of the organization include having a majority of independent board members and a solid conflict of interest policy. The foundation has also demonstrated good practices in maintaining board meeting minutes and ensuring there is no material diversion of assets. These factors contribute positively to its accountability and financial management.
However, there are some limitations noted in the data. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about governance practices. Addressing these issues could further enhance the foundation's overall transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The North Little Rock Chamber Foundation legitimate?
The North Little Rock Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The North Little Rock 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
What is the mission statement of The North Little Rock Chamber Foundation?
The North Little Rock Chamber Foundation's mission is centered around providing educational and charitable services. Their primary goal is to serve the community, aiming to contribute positively to the lives of its citizens. One of their key initiatives involves providing a suitable office and meeting facility for the North Little Rock Chamber of Commerce, which boasts over 950 members. This infrastructure serves as a hub for various activities and interactions within the business community.
What is the revenue of The North Little Rock Chamber Foundation?
The North Little Rock Chamber Foundation's revenue in 2023 was $24,336.
Who are the executives of The North Little Rock Chamber Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $137,081
- Other: $569
- Compensation: $0
- Related: $87,226
- Other: $7,867
- 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 The North Little Rock Chamber Foundation?
The North Little Rock Chamber Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The North Little Rock Chamber Foundation
The North Little Rock Chamber Foundation, as a nonprofit organization, is dedicated to serving the citizens of its community by providing both educational and charitable services. The foundation's mission is centered around this objective, aiming to make a positive impact on the lives of its residents. Specifically, the North Little Rock Chamber Foundation focuses on providing necessary resources, such as a building and relevant equipment, for the North Little Rock Chamber of Commerce. This chamber, with over 950 members, plays a significant role in the community, and the foundation's support enables it to effectively carry out its activities. By providing a suitable office and meeting facility, the North Little Rock Chamber Foundation contributes to the chamber's capacity to foster economic growth and development within the community.
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Impact
August, 2024
The North Little Rock Chamber Foundation provides educational and charitable services to the citizens of North Little Rock, Arkansas. They support the community by offering a variety of programs and initiatives aimed at improving the quality of life for residents. By providing a dedicated office and meeting facility for the North Little Rock Chamber of Commerce, which has over 950 members, the foundation plays a key role in fostering economic development and community engagement in the city. Their mission of community improvement is reflected in their efforts to create a more vibrant and prosperous North Little Rock for all its residents.
This information is meant to be a general summary of The North Little Rock 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.
- Program Service Revenue: $24,336
- Gross Receipts: $24,336
Assets and Liabilities:
- Total Assets: $961,096
- Total Liabilities: $215,203
- Net Assets: $745,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM AFFILIATE
Revenue
$24,336
Organization Details
Founding Year
2003
Principal Officer
Derrell Hartwick
NTEE Category
Code: S30 - Community improvement
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