Better Business Bureau Report for
Houston Northwest Chamber of Commerce Foundation, Inc.

Better Business Bureau Report issued January 2012
Better Business Bureau Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Houston Northwest Chamber of Commerce Foundation, Inc.
Address: 3920 FM 1960 W, Suite 120
  Houston, TX 77068
Phone: 281-440-4160
Web Address: www.HoustonNWChamber.org
Also known as:Green Medians
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Better Business Bureau Comments

Formerly known as:Houston Northwest Chamber of Commerce Scholarship Fund

Year, State Incorporated: 2005, Texas
Affiliates: None
Stated Purpose: The Corporation is organized exclusively for community charitable, cultural, scientific and education purposes as defined in Section 501 ( c )(3) of the Internal Revenue Code. These activities will include, but not be limited to, securing scholarships for worthy area students in financial need, as determined by the Board of Directors, The Corporation may engage in any activity that furthers this purpose. The mission of the Houston Northwest Chamber of Commerce Foundation is to support community interests in the northwest region of Harris County.

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Evaluation Conclusions

               

Houston Northwest Chamber of Commerce Foundation, Inc. meets the 20 Standards for Charity Accountability.
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Programs

               

The Foundation will receive funds from fundraising activities and from corporate and individual donations. The Board will identify projects to to support in keeping with the organization's mission. On an ongoing basis, the Foundation has provided $1500 scholarships to deserving high school seniors each spring in keeping with the Thomas Hetherington Scholarship Program. Additionally, the Foundation has partnered with the Houston Northwest Chamber of Commerce to raise funds for and oversee the Green Medians project. This project will fund and implement a major landscaping project for medians that TXDOT is installing along a 9-mile stretch of FM 1960. Subsequent projects will support scholarships and community development efforts.

For the fiscal year ended December 31, 2010, Houston Northwest Chamber of Commerce Foundation, Inc.'s program expenses were:

  
FM 1960 Median design development 20,070
Scholarships 6,000
Total Program Expenses: $26,070
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Governance

               

Chief Executive :
Compensation*:

Chair of the Board: Tommy Ripley
Chair's Profession / Business Affiliation: Ripley's Mufflers & Brakes, Owner

Board Size: 11

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

direct mail, print advertisements, planned giving arrangements
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on Houston Northwest Chamber of Commerce Foundation, Inc.'s IRS Form 990 for the fiscal year ended December 31, 2010.

Source of Funds  
Contributions and grants 380,480
Total Income $380,480


chart



Uses of Funds as a % of Total Expenses

Programs: 89%    Administrative: 11% 

Total income   $380,480
  Program expenses $26,070
  Fund raising expenses 0
  Administrative expenses 3,331
 
Total expenses   $29,401
Income in Excess of Expenses   351,079
Beginning net assets   110,460
Ending net assets   437,766
Total liabilities   13,425
Total assets   $451,191


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Complaints

               

The BBB has processed no complaints about this organization in the past 36 months, our standard reporting period.

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Note on financials

               

While Houston Northwest Chamber of Commerce Foundation did not incur direct fundraising expenses for the fiscal year 2010, the Houston Northwest Chamber of Commerce and its volunteers covered fundraising costs, which were estimated to be $1,100 for 2010.

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