Sacramento Metro Chamber Foundation
- Assets
- $723.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-2381828
Organization Overview
Sacramento Metro Chamber Foundation is located in Sacramento, CA. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Metro Chamber Foundation 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 12/2023, Sacramento Metro Chamber Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $937.0k during the year ending 12/2023. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SACRAMENTO METRO CHAMBER FOUNDATION IS A NONPROFIT CORPORATION WHOSE PURPOSE IS TO FOSTER ECONOMIC AND COMMUNITY DEVELOPMENT THROUGH A STRATEGIC PIPELINE OF WORKFORCE DEVELOPMENT PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THOUSAND STRONG IS OPERATED IN PARTNERSHIP WITH SACRAMENTO MAYOR STEINBERGS OFFICE, AND BOOSTS SACRAMENTOS ECONOMIC PROSPERITY BY COLLABORATING WITH LOCAL BUSINESSES TO CREATE A POOL OF SKILLED, EXPERIENCED YOUNG TALENT PAID THROUGH YOUTH EMPLOYMENT. THE YEAR-LONG PROGRAM SERVED 47 URBAN PUBLIC HIGH SCHOOL STUDENTS BETWEEN THE AGES OF 16-18.
LEADERSHIP SACRAMENTO IS A YEAR-LONG INTERACTIVE PROGRAM THAT PROVIDES BEHIND-THE-SCENES VIEW OF THE ISSUES THAT IMPACT OUR REGIONS ECONOMY. LEADERSHIP SACRAMENTO IS AVAILABLE TO A SELECT GROUP OF PARTICIPANTS CHOSEN THROUGH A COMPETITIVE APPLICATION PROCESS, HOSTING MONTHLY DAY LONG SESSIONS AND CULMINATING IN THE COMPLETION OF A COMMUNITY BETTERMENT PROJECT. IN 2023, 47 LEADERS PARTICIPATED IN THE PROGRAM.
EMERGE SUMMIT IS A YOUNG PROFESSIONALS CONFERENCE SPEARHEADED BY METRO EDGE AND A COLLABORATIVE EFFORT OF REGIONAL ORGANIZATIONS COMMITTED TO SUPPORTING YOUNG PROFESSIONALS AND THEIR GROWTH IN THE COMMUNITY. THIS ONE-DAY CONFERENCE FEATURES INSPIRING KEYNOTE SPEAKERS, EDUCATIONAL BREAKOUT SESSIONS FOCUSING ON PERSONAL AND PROFESSIONAL DEVELOPMENT AND NETWORKING OPPORTUNITIES WITH COMMUNITY MEMBERS. IN 2023, OVER 320 YOUNG PROFESSIONALS FROM ALL OVER THE SACRAMENTO REGION PARTICIPATED IN THE EVENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Blackwood Director | Trustee | 3 | $0 |
Cheryl Nobert CFO | Officer | 5 | $0 |
Kyla Bryant Executive Dir. | Officer | 40 | $0 |
Mike Isle Director | Trustee | 1 | $0 |
Jennifer Ablog Chairman | OfficerTrustee | 3 | $0 |
Nicole Zamora Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $567,831 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $567,831 |
| Total Program Service Revenue | $514,468 |
| Investment income | $9,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,091,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $148,880 |
| Compensation of current officers, directors, key employees. | $58,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $133,111 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$148 |
| Payroll taxes | $1,497 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $401,938 |
| Advertising and promotion | $6,000 |
| Office expenses | $6,562 |
| Information technology | $23 |
| Royalties | $0 |
| Occupancy | $48,050 |
| Travel | $1,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,714 |
| All other expenses | $10,980 |
| Total functional expenses | $937,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,507 |
| Savings and temporary cash investments | $588,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,738 |
| 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 | $21,198 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $744 |
| Total assets | $723,591 |
| Accounts payable and accrued expenses | $46,993 |
| Grants payable | $0 |
| Deferred revenue | $60,500 |
| 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 | $0 |
| Total liabilities | $107,493 |
| Net assets without donor restrictions | $310,308 |
| Net assets with donor restrictions | $305,790 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $723,591 |
Grants Awarded
Over the last fiscal year, Sacramento Metro Chamber Foundation has awarded $43,289 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LA FAMILIA COUNSELING CENTER INC PURPOSE: TO INCREASE REGIONAL INVESTMENT, FOSTERING ECONOMIC AND COMMUNITY DEVELOPMENT. | $37,289 |
GRID ALTERNATIVES PURPOSE: TO INCREASE REGIONAL INVESTMENT, FOSTERING ECONOMIC AND COMMUNITY DEVELOPMENT. | $6,000 |