Overview
What is The San Francisco Chamber Of Commerce Foundation?
The San Francisco Chamber of Commerce Foundation is a nonprofit organization committed to fostering education and employment growth in the community. They accomplish this by partnering with local organizations, industry groups, and the mayor's office of economic development through the San Francisco Center for Economic Development (SFCED). SFCED aids businesses in their quest to establish or expand operations within the Bay Area. Furthermore, the Chamber for Innovation & Clean Energy (CICE) serves as a national network, offering businesses easy access to clean energy information, best practices, and expert guidance. In essence, the foundation works to stimulate economic development and promote clean energy initiatives within the San Francisco community.
Official website here: www.sfchamber.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96% (Four-Star out of Four Star rating)
The San Francisco Chamber Of Commerce Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based entirely on their accountability and finance metrics, which reflect strong governance practices and transparency. The foundation has fully independent board members and robust financial oversight, contributing to its strong performance.
Strengths noted in the evaluation include a solid program expense ratio of 83.72%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the foundation has implemented comprehensive policies, such as conflict of interest and whistleblower protections, underscoring its commitment to ethical governance.
While the organization demonstrates exceptional financial practices, user feedback or detailed impact assessments were not included in the data, limiting insights into the effectiveness of its programs. Nonetheless, the foundation's high rating emphasizes its reliability as a nonprofit committed to its mission and responsible financial management.
This AI summary has been generated from information found on Charity Navigator.
Is The San Francisco Chamber Of Commerce Foundation legitimate?
The San Francisco Chamber Of Commerce Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The San Francisco 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: $151,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $517,440
For more financial information, click here
Official website here: www.sfchamber.com
What is the mission statement of The San Francisco Chamber Of Commerce Foundation?
The San Francisco Chamber of Commerce Foundation is committed to promoting education and employment development. To achieve this, the foundation collaborates with various entities such as community organizations, industry groups, and the mayor's office of economic development. This collaboration is facilitated through the San Francisco Center for Economic Development (SFCED), which aids businesses in establishing and expanding their operations in the Bay Area. Furthermore, the Chamber for Innovation & Clean Energy (CICE), which is part of the foundation, offers business access to information, best practices, and expertise in the field of clean energy.
Official website here: www.sfchamber.com
Who is the CEO of The San Francisco Chamber Of Commerce Foundation?
Lori Ann Forkin is the President of The San Francisco Chamber Of Commerce Foundation.
Official website here: www.sfchamber.com
What is the revenue of The San Francisco Chamber Of Commerce Foundation?
The San Francisco Chamber Of Commerce Foundation's revenue in 2022 was $2,142,740.
Official website here: www.sfchamber.com
Who are the executives of The San Francisco Chamber Of Commerce Foundation and what are their salaries?
The average compensation at The San Francisco Chamber Of Commerce Foundation during 2022 was $133,729. There are 5 employees and 7 volunteers at The San Francisco Chamber Of Commerce Foundation.
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- Compensation: $151,203
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Official website here: www.sfchamber.com
Where can I find the form 990 for The San Francisco Chamber Of Commerce Foundation?
The San Francisco Chamber Of Commerce Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sfchamber.com
Learn more at the official website: www.sfchamber.com
Mission Statement of The San Francisco Chamber Of Commerce Foundation
The San Francisco Chamber of Commerce Foundation is committed to fostering education and employment development. This nonprofit organization collaborates with various community organizations, industry groups, and the mayor's office of economic development through the San Francisco Center for Economic Development (SFCED). The SFCED plays a crucial role in assisting businesses in finding their footing and expanding within the Bay Area.
Beyond its work with SFCED, The San Francisco Chamber of Commerce Foundation also supports the Chamber for Innovation & Clean Energy (CICE). This national network serves as a valuable resource for businesses seeking access to clean energy information, best practices, and energy experts. By providing these resources, the foundation aims to promote sustainable business practices and contribute to a greener future. In essence, The San Francisco Chamber of Commerce Foundation is dedicated to driving growth and innovation in the Bay Area's business community, with a particular focus on clean energy and workforce development.
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Impact
July, 2024
The San Francisco Chamber of Commerce Foundation's impact can be seen in its dedication to promoting education and employment development in the city. By collaborating with community organizations, industry groups, and the mayor's office of economic development through the San Francisco Center for Economic Development (SFCED), the foundation assists businesses in locating and expanding in the Bay Area. Additionally, the Chamber for Innovation & Clean Energy (CICE) provides a national network that offers businesses access to clean energy information, best practices, and energy experts.
This information is meant to be a general summary of The San Francisco 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.
- Investment Income: $53
- Program Service Revenue: $215,221
- Gross Receipts: $2,375,579
Assets and Liabilities:
- Total Assets: $1,721,541
- Total Liabilities: $660,412
- Net Assets: $1,061,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$215,221
Organization Details
Founding Year
1990
Phone
(415) 352-4520Principal Officer
Lori Ann Forkin
Main Address
235 MONTGOMERY STREET 760, SAN FRANCISCO, CA, 94104
Website
www.sfchamber.comNTEE Category
Code: Z99Z - Unknown
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