Bay Area Chamber Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
HELPING LEADERS GROW AND BUSINESSES START BY ALLOWING THE CHAMBER TO REACH INTO THE COMMUNITY FIRST-HAND AND PROVIDE RESOURCES NECESSARY TO CONDUCT RESEARCH, SCHOLARSHIPS AND HOST EDUCATIONAL EVENTS FOCUSED ON THE AREAS OF EQUITY, ENTREPRENEURIAL AND WORKFORCE DEVELOPMENT, HOUSING, TRANSPORTATION AND COMMUNITY NEEDS.
- Income
- $185,200
- Spending
- $227,104
- Spent on programs
- 67%
- Reserves
- 4 months of spending
- Largest source of income
- donations and private grants, 88%
- Employees
- 0
- Volunteers
- 12
- Highest pay
- $291,853, president/ceo
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: 40 out of 100. Higher than 8% of charities in its peer group (philanthropy, under $250k).
Reserves
20 of 35Spendable reserves would cover 4.0 months of spending.
Debt
5 of 20It owes 71% of what it owns.
Living within its means
0 of 15Spending exceeded income by 23% of income.
Income trend
0 of 15Income fell 42% on the year before.
Spending floor
15 of 1567% of spending went to programs and raising each dollar of donations cost 0 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: 79 out of 100. Higher than 70% of charities in its peer group (philanthropy, under $250k).
Independent board
25 of 259 of 9 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no 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
5 of 5Sets its chief executive's pay through independent review and comparison.
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 (3)
- $70,283 spent. LEADERSHIP ST. PETE CLASS COMMUNITY PROJECT IS A CIVIC-ENGAGEMENT, COMMUNITY SERVICE PROJECT THAT IS COMPLETED DURING THE TERM OF THE PROGRAM. THE 2024 COMMUNITY PROJECT ENHANCED THE ST. PETE YOUTH FARM'S MULTI-USE AREAS BY ADDING SHADE AND RAIN PROTECTION, IMPROVING THE MAIN GATHERING SPACE WITH COMFORTABLE, PERMANENT SEATING, AND UPGRADING THE OUTDOOR KITCHEN AND FOOD PREPARATION AREAS TO BETTER SERVE LOCAL RESIDENTS. THIS PROJECT NOT ONLY PROVIDED THE YOUTH FARM WITH MUCH-NEEDED PHYSICAL IMPROVEMENTS BUT ALSO BUILT AWARENESS AND SUPPORT FOR THE ORGANIZATION'S MISSION TO OFFER HANDS-ON LEARNING EXPERIENCES AND PROGRAMMING TO TEENS.
- $42,114 spent. LEADERSHIP ALLIANCE BRINGS TOGETHER COMMUNITY LEADERS TO ENSURE ALIGNMENT WITH THE CITY OF ST. PETE'S PILLARS OF PROGRESS. THIS INITIATIVE SUCCEEDING THE GROW SMARTER INITIATIVE IMPLEMENTED IN 2015 THAT PARTNERSHIP BETWEEN THE CHAMBER AND LOCAL LEADERS LED TO THE ST. PETERSBURG ECONOMIC DEVELOPMENT COUNCIL'S (EDC) CREATION, THE INNOVATION DISTRICT'S FORMATION AND THE ST. PETE GREENHOUSE'S DEVELOPMENT.
- $39,808 spent. HIRE THE ST. PETE WAY IS A ROBUST COMMUNITY INITIATIVE. HIRE (HIRING, INTERNING, RESKILLING, EMPOWERING.) - THE ST. PETE WAY IDENTIFIES GAPS AND BARRIERS THAT MAY BE HINDERING BUSINESSES AND INDIVIDUALS FROM REACHING THEIR FULL POTENTIAL. IN 2024 THE INITIATIVE BEGAN A COMPREHENSIVE ASSET MAPPING STUDY TO IDENTIFY KEY INSTITUTIONS, PROGRAMS, AND SERVICES ENGAGED IN WORKFORCE DEVELOPMENT TO CREATE A COHESIVE AND ACTIONABLE ROADMAP FOR OUR CITY'S GROWTH.
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 September 7, 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 September 30, 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 September 10, 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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 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 October 7, 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.