Overview
What is Beneficial State Foundation?
The Beneficial State Foundation, based in Oakland, California, is a dedicated nonprofit organization. Their main objective is to combat economic distress and foster community development. They achieve this by distributing grants and promoting financial literacy. The foundation also advocates for affordable housing and works towards eliminating discrimination by providing loans and investments, including consumer loans, micro, and small business loans, and deposit services to disadvantaged communities and community service organizations. Additionally, the foundation is committed to promoting a beneficial banking model that aims to transform the banking industry. This is accomplished by attracting human, financial, and intellectual capital to beneficial banking, thereby accelerating its transformation. The foundation currently employs 34 individuals.
Official website here: www.beneficialstate.org
Is Beneficial State Foundation legitimate?
Beneficial State Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beneficial State Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $338,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,147,975
For more financial information, click here
Official website here: www.beneficialstate.org
What is the mission statement of Beneficial State Foundation?
The Beneficial State Foundation's mission is to foster a beneficial banking model that revolutionizes the industry. They achieve this by drawing in human, financial, and intellectual resources to promote this model. The foundation's activities include creating programs and distributing grants to combat economic distress and stimulate community development. They also encourage financial literacy, advocate for affordable housing, and combat discrimination by providing loans and investments to disadvantaged communities and community service organizations. The foundation uses various means, as deemed appropriate by their board, to offer deposit services and loans for consumers and small businesses.
Official website here: www.beneficialstate.org
Who is the CEO of Beneficial State Foundation?
Erin Kilmer Neel is the President of Beneficial State Foundation.
Official website here: www.beneficialstate.org
What is the revenue of Beneficial State Foundation?
Beneficial State Foundation's revenue in 2022 was $5,676,276.
Official website here: www.beneficialstate.org
Who are the executives of Beneficial State Foundation and what are their salaries?
The average compensation at Beneficial State Foundation during 2022 was $73,125. There are 34 employees and 6 volunteers at Beneficial State Foundation.
Here are 13 key members and their salaries:
- Erin Kilmer Neel (Executive Director)
- Darnell Grisby (Svp, Clean Vehicle Asst. Program)
- Francis Dennis Janes (Industry Relations/Partnership Dir.)
- Maria Kei Oldiges (Social Impact R&E Director)
- Annie Bakke Claybaugh (Secretary/Treas./Vp, Ops & Finance)
- Rodrigo Sandoval (Operations Director)
- William Aaron Kristin (Strategic Communication Director)
- Robert Wilkins (President) [Trustee/Director]
- Elmy Bermejo (Board Director)
- Angela Glover Davis (Board Director)
- Janiece Evans-Paige (Board Director)
- Kat Taylor (Board Director)
- Kriss Deiglmeier (Board Director (Thru 08/18/22))
Official website here: www.beneficialstate.org
Where can I find the form 990 for Beneficial State Foundation?
The Beneficial State Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.beneficialstate.org
Learn more at the official website: www.beneficialstate.org
Mission Statement of Beneficial State Foundation
Beneficial State Foundation, a nonprofit organization, is committed to combating economic distress and fostering community development. Its mission is threefold: firstly, it aims to establish and promote a beneficial banking model that could potentially revolutionize the banking industry. Secondly, the foundation accelerates this transformation by attracting human, financial, and intellectual capital to this model. Lastly, it uses various means, as determined by its board, to distribute grants and create programs that combat economic distress, encourage financial literacy, promote affordable housing, and eliminate discrimination. Through these efforts, the foundation provides loans and investments, including consumer loans and micro and small business loans, as well as depositry services, to disadvantaged communities and community service organizations.
Impact
This information is meant to be a general summary of Beneficial State Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Beneficial State Foundation's impact is to combat economic distress and encourage community development through programs and grants that promote financial literacy, affordable housing, and eliminate discrimination by providing loans, investments, and depository services for disadvantaged communities and service organizations. Their mission is to create, guide, and promote a beneficial banking model that transforms the banking industry, attracting human, financial, and intellectual capital to beneficial banking.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2006
Phone
(510) 410-2036
Principal Officer
Erin Kilmer Neel
Main Address
1438 WEBSTER STREET 300, OAKLAND, CA, 94612
Website
www.beneficialstate.org
NTEE Category
Code: W60 - Public benefit
If you are a representative of Beneficial State Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.