Greater Richmond Chamber Foundation
919 East Main Street, #1700
Richmond VA 23219
Mission Statement

To support and aid the Greater Richmond Chamber of Commerce, also known as ChamberRVA, in achieving its mission through charitable, educational and other initiatives

Leadership
CEO/Executive Director Kim Scheeler
Board Chair Matt Cooper
Board Chair Company Affiliation Capital One
Contact Information
Address 919 East Main Street, #1700
Richmond, VA 23219
Telephone 804 648-1234
Fax 804 783-9366
E-mail Rob.Anderson@chamberrva.com
History and Background
Year of Incorporation 1980
Former Names
NameYear
Metropolitan Business Foundation2001
Financial Summary
 
 
Projected Revenue $400,000.00
Projected Expenses $400,000.00
Statements
Mission

To support and aid the Greater Richmond Chamber of Commerce, also known as ChamberRVA, in achieving its mission through charitable, educational and other initiatives

Impact
We champion corporate support of business led and/or Chamber initiatives that aim to improve economic development, regional cooperation, public and pre school education as well as leadership development in our Region.
Needs
The Greater Richmond Region needs innovative, cooperative organizations to partner in advancing key priorities, including continued economic development, improved public education and retention of a talented workforce. The Greater Richmond Chamber Foundation wishes to serve in that capacity. 
Background
We are an independent, but closely aligned, charitable affiliate of the Greater Richmond Chamber, also known as ChamberRVA. We are led by a volunteer Board of Directors.  The Foundation's goal is to respond to business and community needs by assisting charitable organizations and other service providers in obtaining funding and fiscal services to support four (4) emphasis areas: economic development, regional cooperation, education and leadership development. 
Areas of Service
Areas Served
Area
In a specific U.S. city, cities, state(s) and/or region.
Richmond, City
Chesterfield County
Hanover County
Henrico County
Board Chair
Board Chair Matt Cooper
Company Affiliation Capital One
Term Jan 2015 to Dec 2017
Email matt.cooper@capitalone.com
Board of Directors
Board Members
NameAffiliation
Charlie Agee Altria
Robert F. Anderson Greater Richmond Chamber/ChamberRVA
Hunter Applewhite Dominion
Toni Ardabell Bon Secours
Nancy Bagranoff University of Richmond
Victor Branch Bank of America
Katherine Busser Community Volunteer
Matt Clarke Wells Fargo
Matthew Cooper Capital One Financial Corporation
Heidi Crapol Genworth Financial
Jerry P. Fox Cherry, Bekaert & Holland, LLP
Kym Grinnage Community Volunteer
Eric Mann SunTrust
Ned Massee MWV
Gary Rhodes Reynolds Community College
Doug Roth BB&T
Kim Scheeler Greater Richmond Chamber/ChamberRVA
Jacquelyn E. Stone McGuire Woods LLP
Sam Young Astyra
Board Demographics - Ethnicity
African American/Black 4
Asian American/Pacific Islander 0
Caucasian 15
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 14
Female 5
Unspecified 0
Governance
Board Term Lengths 1
Written Board Selection Criteria? Yes
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 0
Number of Full Board Meetings Annually 3
Standing Committees
Executive
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Kim Scheeler
Senior Staff
NameTitle
Rob Anderson CFO
Kim Scheeler President/CEO
Staff
Part Time Staff 0
Volunteers 25
Plans
Organization has a Strategic Plan?
Programs
Description
Primarily through support of Greater Richmond Small Business Development Center (GRSBDC) also known as THRIVE & Greater Richmond Chamber/ChamberRVA initiatives.
Budget $1,500,000.00
Description
Primarily through Capital Region Collaborative and Greater Richmond Chamber/ChamberRVA led projects.
Budget $75,000.00
Description FutureRVA is a 3 year initiative undertaken by ChamberRVA to improve our region's competitiveness through focused workforce development, talent attraction and infrastructure advocacy throughout the Richmond VA region.
Budget $2,100,000.00
Description Smart Beginnings Greater Richmond is a partnership among more than 100 public and private agencies, businesses and individuals serving the Richmond Region. Smart Beginnings brings together, through a collaborative effort, hundreds of local direct human service providers, government leaders, the faith, academic and business community, and concerned citizens to build a more cohesive, sustainable and high quality early childhood system. As regional convener for the early childhood system, we do this in the following ways: 1) By building capacity for increasing school readiness at regional and local levels and serving as the “backbone organization” for early childhood; 2) Harnessing best practices, and overseeing and developing accountability metrics for a community-based network; and 3) Advocating for and securing outcomes-driven investments so that every child is prepared for school, laying the foundation for workforce and life success.
Budget $400,000.00
Fiscal Year
Projected Revenue $400,000.00
Projected Expenses $400,000.00
Spending Policy N/A
Form 990s
IRS Letter of Exemption
Detailed Financials
Expense Allocation
Fiscal Year201520142013
Program Expense$394,291$1,201,611$1,361,165
Administration Expense$12,915$21,975$22,485
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses1.040.260.32
Program Expense/Total Expenses97%98%98%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$534,009$496,183$1,395,750
Current Assets$478,155$496,183$1,391,250
Long-Term Liabilities------
Current Liabilities$42,660$19,995$12,338
Total Net Assets$491,349$476,188$1,383,412
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities11.2124.82112.76
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Capital Campaign
Currently in a Capital Campaign? Yes
Campaign Purpose FutureRVA will support new and enhanced workforce development talent attraction and various community advocacy efforts by ChamberRVA
Goal $2,100,000.00
Dates May 2017 to Oct 2017
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit 11/2016View
Comments
Foundation Comments
  • Financial information provided from audit
  • Form 990 and audit prepared by Mitchell, Wiggins & Company