Overview
What is Thurston County Chamber Foundation?
The Thurston County Chamber Foundation, situated in Olympia, WA, is a nonprofit organization with a mission to foster the growth of both business and community leaders. They achieve this by offering educational programs and supporting community partners in cultivating thriving and lively communities. One of their initiatives, Leadership Thurston County, nurtures knowledgeable, capable, and dedicated leaders who reflect the area's diverse population. The foundation further supports entrepreneurs and small businesses by operating a small business incubator, providing essential resources for their long-term success and job creation.
Official website here: www.thurstoncountychamber.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Thurston County Chamber Foundation has received a low rating of 56% from Charity Navigator, indicating significant concerns regarding its accountability and financial management. While the organization has a fully independent board, which is a positive aspect, it lacks key financial documentation and policies that are critical for transparency. The absence of whistleblower and conflict of interest policies, as well as missing financial statements, raises questions about the foundation's governance.
Despite the organization maintaining a reasonable liabilities to assets ratio and a decent program expense ratio, the lack of publicly available financial documents and policies means that stakeholders may find it challenging to assess the foundation's overall financial health and operational integrity. The failure to post tax forms on its website and the absence of a document retention policy further compounds these issues.
In summary, while the Thurston County Chamber Foundation demonstrates strong governance with an independent board, the significant gaps in financial transparency and accountability measures hinder its overall rating and raise concerns for potential donors and supporters. Enhanced transparency and adherence to best practices in nonprofit governance could improve its standing in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Thurston County Chamber Foundation legitimate?
Thurston County Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thurston County 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.thurstoncountychamber.com
What is the mission statement of Thurston County Chamber Foundation?
The Thurston County Chamber Foundation's mission is centered around educating current and future business and community leaders. It also involves supporting community partners in their endeavors to establish thriving and healthy communities. The foundation carries out this mission by providing programs such as Leadership Thurston County, which develops competent, informed, and committed leaders from diverse backgrounds. Furthermore, the foundation operates a small business incubator, which aids entrepreneurs and small businesses in accessing resources essential for their long-term success. This organization's purpose is to contribute positively to the community and foster growth in its leaders.
Official website here: www.thurstoncountychamber.com
What is the revenue of Thurston County Chamber Foundation?
Thurston County Chamber Foundation's revenue in 2024 was $488,767.
Official website here: www.thurstoncountychamber.com
Who are the executives of Thurston County Chamber Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.thurstoncountychamber.com
Where can I find the form 990 for Thurston County Chamber Foundation?
Thurston County Chamber Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.thurstoncountychamber.com
Learn more at the official website: www.thurstoncountychamber.com
Mission Statement of Thurston County Chamber Foundation
The Thurston County Chamber Foundation, as an organization, is dedicated to two main objectives. Firstly, it aims to educate present and future business and community leaders, fostering a pool of informed, skilled, and committed individuals who reflect the area's diverse population. Secondly, the foundation supports community partners in their endeavors to establish and maintain healthy and vibrant communities. In addition to these roles, the Thurston County Chamber Foundation runs programs such as Leadership Thurston County, which is designed to nurture leadership abilities in the local area. Furthermore, the foundation operates a small business incubator, a resourceful initiative that assists entrepreneurs and small businesses in their quest for long-term success. By providing these services, the Thurston County Chamber Foundation plays a significant role in shaping the future of its community.
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Impact
July, 2024
Thurston County Chamber Foundation's impact is significant as it educates present and future business and community leaders while supporting community partners in creating healthy and vibrant communities. The foundation's programs, such as Leadership Thurston County, focus on developing informed, skilled, and committed leadership that is representative of the diverse citizens in the area. Additionally, their small business incubator is helping entrepreneurs and small businesses access resources for long-term success, ultimately creating jobs and contributing to economic development in the region.
This information is meant to be a general summary of Thurston County 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 2024.
- Investment Income: $2
- Program Service Revenue: $357,221
- Gross Receipts: $692,050
Assets and Liabilities:
- Total Assets: $1,587,684
- Total Liabilities: $904,809
- Net Assets: $682,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THURSTON THRIVES
Revenue
$148,000
LTC TUITION & SPONSORS
Revenue
$125,621
SMALL BUSINESS INCUBATOR
Revenue
$44,050
FIND YOUR FUTURE
Revenue
$21,300
MATH FOR LIFE
Revenue
$18,250
Organization Details
Founding Year
1992
Principal Officer
David Schaffert
NTEE Category
Code: Z99Z - Unknown
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