EIN 56-1762978

Asheville Area Chamber of Commerce Community Betterment Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1991
Most recent tax filings
2023-06-01
Description
The Asheville Area Chamber of Commerce Community Betterment Foundation develops and accelerates growth and employment opportunities for the community. It funds workforce preparedness and development, entrepreneur and startup development, recruitment of new industry, expansion of existing industry, and site development through the Asheville Area Chamber of Commerce.
Related structure
Asheville Area Chamber of Commerce Community Betterment Foundation is a subordinate organization under Asheville Area Chamber of Commerce.
Also known as...
Community Betterment Foundation
Total revenues
$3,782,364
2023
Total expenses
$4,013,723
2023
Total assets
$2,151,279
2023
Num. employees
0
2023

Program areas at Asheville Area Chamber of Commerce Community Betterment Foundation

1 funded the following activity through the Asheville Area Chamber of Commerce: 1) workforce preparedness and development, 2) entrepreneur and startup development, 3) recruitment of new industry, 4) expansion of existing industry, and 5) site development.2 received funds from the golden leaf Foundation and disbursed said funds to the Asheville Chamber to operate inclusive hiring partners, a resource to close the opportunity gap that connects buncombe county residents experiencing employment barriers like former justice involvement, previous incarceration, substance use disorder recovery, intergenerational poverty, long-term unemployment, or long-term underemployment with well-paying careers in high-demand industries.3 received funds from the golden leaf Foundation and biltmore farms llc and paid said funds to construction vendors building a bridge spanning the french broad river that will provide access to a pratt & whitney manufacturing facility. 4 provided businesses owned by people of color advertising benefits and memberships in the Asheville Chamber through the people's Community and inclusion initiative. 5 in cooperation with the folk heritage committee, promoted traditional mountain music and dance through the shindig on the green performances and the mountain dance and folk festival.

Grants made by Asheville Area Chamber of Commerce Community Betterment Foundation

GranteeGrant descriptionAmount
Asheville Area Chamber of CommercePromote Economic Development$403,774

Who funds Asheville Area Chamber of Commerce Community Betterment Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Foundation of Western North CarolinaBuilding Community & Economic Vitality$31,200
Duke Energy FoundationVibrant Economies$25,000
The Hedrick Family FoundationCharitable Use$12,000
...and 1 more grant received

Personnel at Asheville Area Chamber of Commerce Community Betterment Foundation

NameTitleCompensation
Kathryn CramerSecretary$0
Suzanne DeferieTreasurer$0
John F A CecilVice Chair$0
Janice BrumitChair$0
Kit CramerSecretary$0
...and 1 more key personnel

Financials for Asheville Area Chamber of Commerce Community Betterment Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$3,154,301
Program services$573,857
Investment income and dividends$21,707
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$32,499
Total revenues$3,782,364

Form 990s for Asheville Area Chamber of Commerce Community Betterment Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-04-03990View PDF
2022-062023-05-11990View PDF
2021-062022-05-16990View PDF
2020-062021-05-11990View PDF
2019-062020-09-02990View PDF
...and 9 more Form 990s
Data update history
May 20, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $31,200 from Community Foundation of Western North Carolina
December 30, 2023
Received grants
Identified 1 new grant, including a grant for $25,000 from Duke Energy Foundation
August 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsChapter / child organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Provides grantsState / local levelReceives government fundingGala fundraisersTax deductible donationsNo full-time employees
General information
Address
PO Box 1010
Asheville, NC 28802
Metro area
Asheville, NC
County
Buncombe County, NC
Phone
(828) 258-6119
IRS details
EIN
56-1762978
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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