The GE Chamber Foundation mission is to use an asset-based approach to equitably fund black and brown businesses, placing them at the center of the small business ecosystem, by advocating for changes to economic development and serving as a trusted, creditble, and reliable source of support relevant to the individualized needs of small businesses. The greater englewood (GE) Chamber Foundation is the sister organization of the greater englewood Chamber of commerce.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $197K a year · 26% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
18 mo
of spending, in cash
Looks good: 18.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $707K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$45K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
-5% vs prior year
Spent
$199K
To programs
73%
Net assets
$328K
By yearFY2020–FY2024
Revenue
$312K
FY2022▼ -5%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$328K
FY2022$312K
FY2023$286K
FY2024$1.4M
Expenses
$199K
FY2022▼ -66%
Tap a bar for its year
Expenses by fiscal year
FY2020$583K
FY2021Not on file
FY2022$199K
FY2023$332K
FY2024$1.1M
Net assets
$328K
FY2022▼ -26%
Tap a bar for its year
Net assets by fiscal year
FY2020$444K
FY2021$444K
FY2022$328K
FY2023$281K
FY2024$559K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $145K Management & general 14% · $28K Fundraising 13% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$59,502Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Felicia Slaton-Young’s $64K as Inter. Chair/Ed is at the 56th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Felicia Slaton-Young$64,044$60,025$59,502$49,649

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equitably funds Black and Brown businesses, centering them in the small business ecosystem.

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Provided by the organization

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1 program · $145K · in their own filed words · FY2022
01

The mission of the Greater Englewood Chamber of Commerce is to transform Greater Englewood into a popular commercial and retail destination by (a)dvising, (d)eveloping and (s)howcasing its established businesses and acting as a comprehensive economic development partner while creating a favorable social environment for chamber members.

$145Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$707K
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Gifts and grantsLn 1h$312K
Money outPt IX
$199K
Ln 25
Programscol B$145K
Managementcol C$28K
Fundraisingcol D$26K
Owns and owesPt X
$328K
net assets · Ln 32
Cash and savingsLn 1–2$303K
Total assetsLn 16$373K
LiabilitiesLn 26$45K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$312K
Noncash giftsLn 1g$4K
Gains on assetsLn 7$0
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$303K
SavingsLn 2$0
Cash and savings togetherLn 1–2$303K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$27K
Total assetsLn 16$373K
LiabilitiesLn 26$45K
Net assetsLn 32$328K
OperationsPt I, VI
EmployeesI 56
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$193K$303K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$230K$373K
LiabilitiesLn 26$15K$45K
Net assetsLn 32$215K$328K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$60K$60K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$45K$6K$18K$22K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$22K$17K$2K$4K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$3K$727$2K$167
Information technologyLn 14$2K$398$2K
RoyaltiesLn 15$0
OccupancyLn 16$4K$2K$1K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$92$92
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$1K$177$433$865
Other expenses (24a–d)Ln 24$49K$47K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$199K$145K$28K$26K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.1M$278K$559K 990 PDF
FY2023 $286K$332K−$47K$281K 990 PDF
FY2022 Viewing $312K$199K$112K$328K 990 PDF
FY2021 $328K$444K 990 PDF
FY2020 $1.0M$583K$443K$444K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $311,762 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $327,841$311,762
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $327,841$311,762
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,649$104,335
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $506,966$94,979
I-18 Total expensesPrior year $556,615$199,314
I-19 Revenue less expensesPrior year −$228,774$112,448
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $311,762 across 9 lines filed
VIII-1f All other contributions, gifts and grants$311,762
VIII-1g Noncash contributions (included above)$3,575
VIII-1h Total contributions, gifts and grants$311,762
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$311,762
Part IX · Statement of functional expenses $199,314 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $59,502$59,502
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $5,651 · Management $17,613 · Fundraising $21,569$44,833
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $16,735 · Management $1,876 · Fundraising $3,751$22,362
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $12,286$12,286
IX-13 Office expensesPrograms $727 · Management $2,239 · Fundraising $167$3,133
IX-14 Information technologyPrograms $398 · Management $1,692$2,090
IX-15 Royalties$0
IX-16 OccupancyPrograms $2,277 · Management $1,298$3,575
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $92$92
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,153$1,153
IX-23 InsurancePrograms $177 · Management $433 · Fundraising $865$1,475
IX-24 Other expenses (24a–d)Programs $47,284 · Management $1,529$48,813
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $145,037 · Management $27,925 · Fundraising $26,352$199,314
Part X · Balance sheet $373,210 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $193,346$303,447
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $35,752$42,184
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,118$1,071
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$26,508
X-16 Total assetsStart of year $230,216$373,210
X-17 Accounts payable and accrued expensesStart of year $14,862$14,526
X-25 Other liabilities$30,882
X-26 Total liabilitiesStart of year $14,862$45,408
X-27 Net assets without donor restrictionsStart of year $210,354$327,601
X-28 Net assets with donor restrictionsStart of year $5,000$201
X-32 Total net assets or fund balancesStart of year $215,354$327,802
X-33 Total liabilities and net assetsStart of year $230,216$373,210
Part XI · Reconciliation of net assets $327,802 net assets at year end
XI-1 Total revenue$311,762
XI-2 Total expenses$199,314
XI-3 Revenue less expenses$112,448
XI-4 Net assets at start of year$215,354
XI-10 Net assets at end of year$327,802

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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