Savannah Area Chamber Of Commerce Foundation Inc is located in Savannah, GA. The organization was established in 1997. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Savannah Area Chamber Of Commerce Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Savannah Area Chamber Of Commerce Foundation Inc generated $71.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $125.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER EDUCATION, TRAINING AND RESEARCH TO ADVANCE THE ECONOMIC, SOCIAL AND CIVIC WELL-BEING OF THE SAVANNAH, GEORGIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP SAVANNAH- THIS PROGRAM SEEKS TO INSPIRE INDIVIDUAL LEADERSHIP GROWTH BY PROVIDING THE LEARNING EXPERIENCES THAT LEAD TO BETTER UNDERSTANDING OF THE COMMUNITY AND PREPARATION FOR MEETING THE CHALLENGES OF THE PRESENT AND FUTURE. LEADERSHIP SAVANNAH PROVIDES A FORUM FOR EXCHANGE OF COMMUNITY INFORMATION, RESOURCES AND VIEWPOINTS. CLASSES ARE LIMITED TO 42 PEOPLE AND ALL APPLICANTS MUST GO THROUGH SELECTIONS. THESE LEADERS AND POTENTIAL LEADERS ARE ACTIVE IN BUSINESS, EDUCATION, THE ARTS, RELIGION,GOVERNMENT, COMMUNITY-BASED ORGANIZATIONS, ETHNIC AND MINORITY GROUPS AND REFLECT THE DIVERSITY OF THE COMMUNITY.
LAUNCH SAVANNAH - THE CHAMBER RECOGNIZES THE IMPORTANCE OF FOSTERING AN ENVIRONMENT THAT ATTRACTS AND RETAINS YOUNG TALENT IN OUR COMMUNITY. IN RESPONSE, LAUNCH SAVANNAH WAS CREATED AS A COUNCIL THAT FOCUSES ON EMPOWERING AND DEVELOPING THE AREA'S NEXT GENERATION OF PROFESSIONAL LEADERS. LAUNCH SAVANNAH SERVES AS THE PRIMARY RESOURCE FOE EMERGING PROFESSIONALS AGES 22-40 IN THE SAVANNAH AREA BY CONNECTING WITH PEERS,LEARNING FROM LEADERS,GROWING PROFESSIONALLY, BECOMING PART OF THE PROCESS, AND GIVING BACK.
WORKFORCE DEVELOPMENT - THE FOUNDATION REMAINS ENGAGED IN KEEPING THE SCHOOL BOARD AND ADMINISTRATION WORKING CLOSELY TOGETHER WITH OPEN DIALOG. IN ADDITION TO PROVIDING QUALITY EDUCATION, PRODUCING A HIGHLY SKILLED WORKFORCE IS THE KEY TO ENSURING FUTURE SUCCESS OF THE SAVANNAH COMMUNITY. IN RESPONSE, A WORKFORCE DEVELOPMENT REPORT WAS PRODUCED BY THE ARMSTRONG CENTER FOR REGIONAL ANALYSIS IN COOPERATION WITH THE ARMSTRONG PUBLIC SERVICE CENTER ON BEHALF OF THE SAVANNAH ECONOMIC DEVELOPMENT AUTHORITY (SEDA), THE SAVANNAH AREA CHAMBER OF COMMERCE FOUNDATION, INC., AND THE UNITED WAY OF THE COASTAL EMPIRE. COMPLETED IN MARCH 2014, THE STUDY WAS CONDUCTED TO DEVELOP AN ACCURATE ASSESSMENT OF CURRENT CONDITIONS IN THE CHATHAM COUNTY LABOR MARKET. THE STUDY SHOWED THAT 61 ORGANIZATIONS IN CHATHAM COUNTY OFFER 221 WORKFORCE PROGRAMS, WITH SAVANNAH TECHNICAL COLLEGE PROVIDING 63% OF THEM. IN ADDITION, 57% OF EMPLOYERS ARE WILLING TO TRAIN AN APPLICANT IF THEY HAVE SOFT SKILLS SUCH AS CUSTOMER SERVICE, INTERNAL COMMUNICATIONS AND TEAMWORK SKILLS. ALTHOUGH THIS STUDY HAS PROVIDED A GREAT DEAL OF USEFUL INFORMATION, THE WORK HAS JUST BEGUN. THE SAVANNAH CHAMBER WILL CONTINUE ITS CLOSE PARTNERSHIP WITH SEDA AND THE UWCE TO ENSURE THE FUTURE SUCCESS OF OUR LOCAL WORKFORCE.
HOME FOR THE HOLIDAYS, GOLF TOURNAMENT, SMALL BUSINESS, AND BUSINESS RELOCATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Andrea Sims Secretary/tr | OfficerTrustee | 40 | $0 |
William Hubbard President | OfficerTrustee | 40 | $0 |
Ryan Sewell Chair | OfficerTrustee | 1 | $0 |
Bill Kelso Director | Trustee | 0 | $0 |
Jamie Mccurry Director | Trustee | 0 | $0 |
Laura Moore Director | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $9,510 |
Investment income | $202 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $19,950 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $70,994 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $64,438 |
Pension plan accruals and contributions | $6,070 |
Other employee benefits | $3,710 |
Payroll taxes | $3,868 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $6,200 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $15,020 |
Advertising and promotion | $0 |
Office expenses | $1,207 |
Information technology | $1,827 |
Royalties | $0 |
Occupancy | $0 |
Travel | $5,979 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $12,776 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $125,305 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $507,648 |
Savings and temporary cash investments | $201,343 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $31,555 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $3,197 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,925,327 |
Accounts payable and accrued expenses | $16,341 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,399 |
Total liabilities | $18,740 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $1,906,587 |
Organization Name | Assets | Revenue |
---|---|---|
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
North American Electric Reliabilitycorporation Atlanta, GA | $65,227,333 | $81,782,902 |
Gsma Ltd Atlanta, GA | $262,728,803 | $123,320,595 |
Institute Of Internal Auditors Lake Mary, FL | $101,351,692 | $59,361,984 |
Srcco Inc Durham, NC | $42,497,453 | $49,465,239 |
Florida Association Of Realtors Orlando, FL | $96,568,925 | $47,578,542 |
National Association Of State Boards Of Accountancy Inc Nashville, TN | $83,126,370 | $38,317,801 |
Southern Motor Carriers Association Inc Peachtree City, GA | $87,365,051 | $35,375,343 |
Unc Management Company Inc Chapel Hill, NC | $53,097,067 | $30,528,524 |
American Welding Society Inc Miami, FL | $147,619,451 | $41,705,708 |
Serc Reliability Corporation Charlotte, NC | $16,241,101 | $25,718,150 |
American Society Of Heating Refrigerating & A-C Engineers Peachtree Corners, GA | $58,779,760 | $22,960,689 |