Central Fairfax Chamber of Commerce
Nonprofit profile at a glance
- EIN
- 540852188
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2018
- Location
- Fairfax, VA, USA
- Phone
- 7032685870
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $205,367
- Expenses
- $189,877
- Assets
- $42,177
- Liabilities
- $3,653
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- DOUG CHURCH (CHAIRMAN)
- SEAN ROGSTAD (TREASURER)
- ABERA BEZUNEH (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The chamber's mission is to empower their members with the vision, leadership, and resources to achieve success, while contributing to the economic growth and quality of life in our business community. Their programs, benefits, and services include networking, advocacy, marketing support, education programs, and cost savings programs. These programs are carefully curated to help small business owners save time and money so they can focus on growing their business.
What it reported doing in 2024
The chamber promotes a cohesive business environment forum for communicating business concerns and promotes the local business community.three largest program services: networking events; member education; advocacya. Networking events: number of networking events, number of attendees; revenue/expenses from networking events.b. Member education: number of education events; number of attendees; revenue/expenses from education events/activitiesc. Advocacy: description of advocacy actions.d. Marketing services: number of and type of email blasts; logo on website; call-out listing; community guide & membership directory revenue
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 55
- Transparency & Controls: 86
- Accountability: 76
- Sustainability: 41
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.3%; rating input score 59
- Program expense ratio: 64.1%; rating input score 64
- Fundraising efficiency: $1.69 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 7.5%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 11.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 59.3% of revenue deployed · 64.1% of spending went to programs
- Governance: 12 of 12 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $122K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 56/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 27/100.