Overview
What is Common Capital Inc?
Common Capital Inc is a nonprofit organization based in Springfield, Massachusetts, with a mission to enhance the regional economy. Certified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI), Common Capital Inc provides business loans and technical assistance to help entrepreneurs and organizations establish and grow. This initiative aims to improve income levels, expand job opportunities, and strengthen local communities in Western and Central Massachusetts. Common Capital Inc also serves as a direct access point to alternative financing sources, primarily focusing on economically distressed, low-wealth communities. With a team of five dedicated individuals, they strive to grow and strengthen the regional economy by supporting local businesses and community organizations.
Official website here: www.common-capital.org
Is Common Capital Inc legitimate?
Common Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Capital Inc 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: $144,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $291,895
For more financial information, click here
Official website here: www.common-capital.org
What is the mission statement of Common Capital Inc?
Common Capital Inc, being a certified nonprofit Community Development Financial Institution, works towards enhancing the regional economy. Their mission is to strengthen local businesses and community organizations in Western and Central Massachusetts. They accomplish this by offering business loans and providing technical assistance to help entrepreneurs and organizations establish and grow. This ultimately leads to improved income levels, expansion of job opportunities, and the strengthening of local communities. Additionally, Common Capital Inc offers direct access to alternative financing sources, primarily serving economically distressed, low-wealth communities.
Official website here: www.common-capital.org
Who is the CEO of Common Capital Inc?
Raymond Lanza-Weil is the Chair of Common Capital Inc. The CEO's salary of Common Capital Inc is $0 and their total compensation is $140,204.
Official website here: www.common-capital.org
What is the revenue of Common Capital Inc?
Who are the executives of Common Capital Inc and what are their salaries?
The average compensation at Common Capital Inc during 2021 was $87,184. There are 5 employees and 15 volunteers at Common Capital Inc.
Here are 12 key members and their salaries (Common Capital Inc's CEO's salary is $0 and their total compensation is $140,204):
- Pascale Desir (Assistant Clerk) [Trustee/Director]
- Raymond Lanza-Weil (Ceo)
- Keith Fairey (Vice Chair) [Trustee/Director]
- James Hickson (Chair) [Trustee/Director]
- Linda Dunlavy (Clerk) [Trustee/Director]
- Frank Robinson (Director)
- Claire Higgins (Director)
- Richard Sullivan (Director)
- Samalid Hogan (Director)
- Sarah La Cour (Director)
- Jay Leonard (Treasurer) [Trustee/Director]
- Jonathan Daen (Director)
Official website here: www.common-capital.org
Where can I find the form 990 for Common Capital Inc?
The Common Capital Inc’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.common-capital.org
Learn more at the official website: www.common-capital.org
Mission Statement of Common Capital Inc
Common Capital Inc, a nonprofit community development financial institution (CDFI) certified by the U.S. Treasury Department, is dedicated to improving the regional economy. By strengthening local businesses and community organizations in Western and Central Massachusetts, Common Capital Inc aims to grow and fortify the economy. The organization provides business loans and technical assistance to help entrepreneurs and organizations establish and expand, thereby enhancing income levels, expanding job opportunities, and bolstering local communities. Common Capital Inc also offers direct access to alternative financing sources, primarily serving economically distressed, low-wealth communities.
Impact
This information is meant to be a general summary of Common Capital Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Common Capital Inc plays a crucial role in strengthening the regional economy by providing business loans and technical assistance to help business owners and organizations establish and grow. By improving income levels, expanding job opportunities, and strengthening local communities, Common Capital Inc directly impacts economically distressed, low-wealth communities in Western and Central Massachusetts. Additionally, the organization offers direct access to alternative financing sources, further empowering businesses and community organizations to thrive. Through its commitment to community improvement, Common Capital Inc is instrumental in driving positive economic and social change in the region.
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 2021.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$382,817
LENDING AND PROGRAM FE
Revenue
$58,285
Organization Details
Founding Year
1990
Phone
(413) 233-1680
Principal Officer
Raymond Lanza-Weil
Main Address
1780 MAIN STREET, SPRINGFIELD, MA, 01103
Website
www.common-capital.org
NTEE Category
Code: S430 - Community improvement
If you are a representative of Common Capital Inc 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.