Alexander City Chamber Foundation Inc.

The Alexander City Chamber Foundation Inc. is a nonprofit organization based in Alexander City, Alabama. It is classified under the category of philanthropy, voluntarism, and grantmaking foundations, specifically within the community foundations sector (NTEE)[1].

Mission

The foundation's mission is to provide scholarship assistance to area students attending the local community college[4].

Financial Overview

In 2023, the foundation reported $140,000 in revenue, with its primary sources being contributions and investment income. Notably, contributions accounted for 84.0% of total revenue, while investment income constituted 64.6% of the same[1]. The foundation also reported expenses totaling $63,500 for the same year and had total assets of approximately $973,000 with no liabilities[1].

Grants and Activities

During 2023, the foundation contributed $32,431 in grants, reflecting its ongoing commitment to providing financial aid and support within the community[2]. Historically, the foundation has maintained a consistent pattern of awarding grants annually from 2010 to 2022, with at least one grant awarded each year[2].

Organizational Structure

While specific details about the current leadership are limited, past records indicate that positions such as president and director are pivotal within its governance structure[1]. There are no reported executive compensation or professional fundraising fees[1].

Ratings and Recognition

The Alexander City Chamber Foundation Inc. has earned a 3/4-star rating on Charity Navigator, indicating transparency and accountability in its operations[5].