Georgia Chamber of Commercefoundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE GEORGIA CHAMBER OF COMMERCE FOUNDATION UNDERTAKES ACTIVITIES, WHICH EDUCATE THE PUBLIC ON SUBJECTS USEFUL TO THE INDIVIDUAL AND BENEFICIAL TO THE COMMUNITY THE FOUNDATION PRIMARILY FOCUSES ON THE ISSUES OF HEALTH CARE AND WORK FORCE DEVELOPMENT IN THE STATE OF GEORGIA. THE FOUNDATION PROMOTES DEVELOPMENT OF POLICIES IN GEORGIA WHICH ADDRESS THE CRISIS IN HEALTH CARE FINANCING AND ITS IMPACT ON GEORGIA BUSINESSES AND EMPLOYEES. THE FOUNDATION ALSO IS INVOLVED IN ACTIVITIES TO IMPROVE THE TRAINING AND MARKETABILITY OF GEORGIA'S WORK FORCE TO BRING HEALTHY ECONOMIC GROWTH TO ALL PARTS OF THE STATE
- Income
- $2.9 million
- Spending
- $2.9 million
- Spent on programs
- 88%
- Reserves
- -3.6 months of spending
- Largest source of income
- government grants, 69%
- Employees
- 7
- Volunteers
- 8
- Highest pay
- $848,258, ceo/president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 38 out of 100. Higher than 9% of charities in its peer group (community improvement, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 115% of what it owns.
Living within its means
8 of 15Spending exceeded income by 2% of income.
Income trend
15 of 15Income rose 323% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 5 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 39% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.6 million spent. THE GEORGIA CHAMBER OF COMMERCE FOUNDATION, THE RESEARCH ARM OF THE GEORGIA CHAMBER OF COMMERCE, DEDICATES ITSELF TO PRODUCING IN-DEPTH ECONOMIC ANALYSIS, ACTIONABLE INSIGHTS, AND PROACTIVE SOLUTIONS TO BETTER PREPARE GEORGIA'S BUSINESS AND COMMUNITY LEADERS FOR OUR FUTURE CHALLENGES, INCREASING THE STATE'S COMPETITIVENESS AND ECONOMIC PROSPERITY. IN 2024 THE GEORGIA CHAMBER FOUNDATION PRODUCED ITS SECOND ECONOMIC COMPETITIVENESS REDBOOK WHICH PROVIDES ECONOMIC AND DEMOGRAPHIC DATA TO COMPARE GEORGIA TO EVERY OTHER STATE IN THE NATION TO ANALYZE OPPORTUNITIES FOR STRATEGIC INVESTMENTS TO PROPEL THE STATE FORWARD. AN UPDATED FORMAT WAS UTILIZED TO ENSURE THE CONTENT WAS HIGHLY ENGAGING AND PROVIDED TOP INSIGHTS FOR BUSINESS LEADERSHIP. COUNTY LEVEL DATA WAS ALSO INCLUDED TO ENABLE LOCAL LEADERS TO HAVE TAILORED INSIGHTS TO UNDERSTAND THE GREATEST CHALLENGES AND STRENGTHS OF THEIR COMMUNITIES. ALONG THOSE SAME LINES, THE FOUNDATION ALSO PRODUCED ITS SECOND EXECUTIVE INSIGHTS SURVEY, WHICH GARNERED FEEDBACK FROM TOP BUSINESS LEADERS ABOUT THE TOP OPPORTUNITIES FOR THE STATE OF GEORGIA TO CONTINUE STRONG ECONOMIC GROWTH. THIS YEAR'S SURVEY INCLUDED YEAR OVER YEAR INSIGHTS WHICH WAS VERY VALUABLE TO BETTER UNDERSTAND WHICH ISSUES ARE CONSISTENTLY TOP OF MIND. ADDITIONALLY, THE FOUNDATION PRODUCED QUARTERLY ECONOMIC REPORTS CENTERED AROUND THE CHAMBER'S STRATEGIC PLAN TO GIVE STAKEHOLDERS A CLEAR PICTURE OF WHERE SOLUTIONS ARE NEEDED TO FURTHER ECONOMIC PROSPERITY. RESEARCH WAS ALSO RELEASED ON THE STATE OF HOUSING IN GEORGIA AS A RESULT OF THE WORK OF THE HOUSING AFFORDABILITY AND ACCESS TASK FORCE THAT CONVENED IN 2023. THE FOUNDATION CONVENED MEMBERS THROUGH 6 POLICY COMMITTEES AND 3 POLICY COUNCILS TO DISCUSS KEY ISSUES AND EMERGING TRENDS AND ESTABLISH ACTIONABLE SOLUTIONS TO MOVE FORWARD. NEW IN 2024, THE FOUNDATION HOSTED CURATED LUNCHEONS ON THE TOPICS OF WORKFORCE DEVELOPMENT AND FREIGHT AND LOGISTICS TRANSPORTATION TO HIGHLIGHT THE RESEARCH OF THE FOUNDATION AND ENSURE MEMBERS AND PARTNERS WERE AWARE OF ACTIONABLE SOLUTIONS AND NEXT STEPS. THE FUTURE OF SMALL BUSINESS WAS ANOTHER NEW EVENT SUPPORTED BY THE RESEARCH OF THE FOUNDATION THAT WAS LAUNCHED IN 2024. FOUNDATION STAFF PROVIDED TESTIMONY TO NUMEROUS GEORGIA GENERAL ASSEMBLY STUDY COMMITTEES ON WORKFORCE AND SMALL BUSINESS ISSUES. IN 2024, THE FOUNDATION RECEIVED INVESTMENT FOR TWO GRANT PROJECTS TO SUPPORT K-12 WORKFORCE DEVELOPMENT INITIATIVES. FIRST, THE GEORGIA DEPARTMENT OF EDUCATION PROVIDED FUNDS ALLOWING THE GEORGIA CHAMBER FOUNDATION TO DEPLOY MORE THAN $2 MILLION DOLLARS TO 64 RURAL SCHOOL DISTRICTS FOR THEIR WORKFORCE PREPAREDNESS PROGRAMS. THE FOUNDATION ALSO RECEIVED $50,000 FROM TRUIST CHARITABLE FUND TO SUPPORT INCREASED ACCESS TO SKILLED TRADES TRAINING PROGRAMS AND ENTREPRENEURIAL EDUCATION THROUGH, BE PRO BE PROUD AND FLEX GEORGIA, TWO PARTNERS OF THE GEORGIA CHAMBER.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.