Overview
What is Common Wealth Associates Inc?
Common Wealth Associates Inc, located in Charlotte, North Carolina, is a nonprofit organization dedicated to empowering low-income wage earners with improved financial literacy. Through a compassionate approach, they provide educational workshops and personalized one-to-one credit counseling. These sessions focus on creating and reviewing budgets, analyzing credit reports, strategizing debt repayment, identifying harmful financial products, and transitioning to reliable, non-predatory financial institutions. Their mission is to help individuals achieve financial stability and reduce their dependence on charitable assistance, offering a holistic approach that includes education, counseling, access to banking services, and interest-free loans. With a workforce of 12 dedicated individuals, Common Wealth Associates Inc is committed to making a positive impact on the financial well-being of its community members.
Official website here: www.commonwealthcharlotte.org
Is Common Wealth Associates Inc legitimate?
Common Wealth Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Wealth Associates 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: $131,262
Professional Fundraising Fees: $0
Other Salaries and Wages: $696,126
For more financial information, click here
Official website here: www.commonwealthcharlotte.org
What is the mission statement of Common Wealth Associates Inc?
Common Wealth Associates Inc's mission is centered around empowering low-income wage earners. This is achieved through a holistic approach that includes financial education, personalized counseling, providing access to banking services, and offering no-interest loans. The aim is to help these individuals achieve financial stability and reduce their dependence on charitable assistance. This is carried out using a trauma-informed approach, which is sensitive to the emotional challenges these individuals may be facing. The organization offers financial literacy workshops and one-on-one credit counseling to help individuals manage their finances better, understand their credit reports, and avoid predatory financial products. They also promote rebanking at non-predatory financial institutions.
Official website here: www.commonwealthcharlotte.org
Who is the CEO of Common Wealth Associates Inc?
Chuck Jones is the Executive Dir. of Common Wealth Associates Inc.
Official website here: www.commonwealthcharlotte.org
What is the revenue of Common Wealth Associates Inc?
Common Wealth Associates Inc's revenue in 2023 was $1,153,438.
Official website here: www.commonwealthcharlotte.org
Who are the executives of Common Wealth Associates Inc and what are their salaries?
The average compensation at Common Wealth Associates Inc during 2023 was $68,949. There are 12 employees and 200 volunteers at Common Wealth Associates Inc.
Here are 13 key members and their salaries:
- Chuck Jones (Executive Dir.)
- Cristy Travaglino (Board Chair) [Trustee/Director]
- Laquandra Bass (Secretary) [Trustee/Director]
- Patrick Ryan (Treasurer) [Trustee/Director]
- Raquishela Stewart (Director)
- Reggie Gaither (Director)
- Catherine Etemad (Director)
- Pamela Rudd (Director)
- Pamela Hutson (Director)
- Luis Lobo (Director)
- Kim Sloat (Director)
- Andy Jenkins (Director)
- Kayla Taylor (Director)
Official website here: www.commonwealthcharlotte.org
Where can I find the form 990 for Common Wealth Associates Inc?
The Common Wealth Associates Inc’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.commonwealthcharlotte.org
Learn more at the official website: www.commonwealthcharlotte.org
Mission Statement of Common Wealth Associates Inc
Common Wealth Associates Inc is dedicated to empowering low-income wage earners, providing them with the necessary financial skills to attain stability and reduce their dependence on charitable assistance. This is achieved through a compassionate approach that combines education, personalized counseling, easy access to banking services, and the provision of no-interest loans.
The organization's approach is centered around financial literacy, offering workshops and one-on-one credit counseling sessions. These sessions focus on helping individuals create and manage a balanced spending plan, analyze credit reports, strategically pay off debt, and recognize the pitfalls of predatory financial products. Furthermore, Common Wealth Associates Inc encourages its clients to transition to non-predatory financial institutions, fostering a healthier financial future.
Impact
This information is meant to be a general summary of Common Wealth Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Common Wealth Associates Inc has a significant impact on equipping low-income wage earners with increased financial capability, which allows them to attain financial stability and decrease their reliance on charitable assistance. Through a trauma-informed approach that includes education, personalized counseling, access to banking, and no-interest loans, this organization helps individuals gain the necessary skills and knowledge to manage their finances effectively. By providing financial literacy education, workshops, and one-to-one credit counseling focused on creating balanced spending plans, reviewing credit reports, and identifying strategic debt repayment methods, Common Wealth Associates Inc empowers individuals to make informed financial decisions. Through their work in Charlotte, NC, this organization is making a positive difference in the lives of low-income individuals by building their financial resilience and independence.
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 2023.
- Assets and Liabilities:
Organization Details
Founding Year
2014
Phone
(980) 636-1262
Principal Officer
Chuck Jones
Main Address
5301 Wilkinson Blvd, Charlotte, NC, 28208
NTEE Category
Code: B90 - Education
If you are a representative of Common Wealth Associates 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.