Manatee Chamber Foundation Inc

Nonprofit profile at a glance

EIN
204359813
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Bradenton, FL, USA
Phone
9417483411
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$114,070
Expenses
$83,999
Assets
$307,165

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Phil Baker (President)
  • Trudy Moon (Vice President)

People named in this filing

  • Darcie Duncan (Director)
  • Jackie Barron (Director)
  • Phil Baker (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Manatee Chamber Foundation has been established for the advancement of education and understanding of economics, matters of public concern, finance, housing, human relations, problems of minority groups, science and technology, economic planning and development, international relations and other subjects related to improved efficiency, development and acceleration of both the quality and quantity of economic growth and employment opportunities through any activity which tends to promote understanding, unification or improved relationships between different economic or ethnic groups.

What it reported doing in 2024

Leadership Manatee is designed to expose current and future leaders to all aspects of Manatee County. The program's purpose is: To identify community leaders of diverse backgroundsTo develop their potential and desire to accept civic responsibilities and leadership roles.To expose community leaders to the problems and opportunities that face Manatee County.To build a realistic understanding of leadership in today's complex society.To open a dialogue among emerging and current community leaders.To acquaint leaders with the processes, programs, opportunities and challenges for individual involvement in Manatee County.The Foundations total expenses for 2024 were $83,999 (Professional Fees of $2,940 and Other Expenses of $81,059).

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 82
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.6%; rating input score 74
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 26.4%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 3.66; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 73.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $84K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.