Overview
What is Common Wealth Inc?
Common Wealth Inc is a nonprofit organization committed to fostering economic development and job creation in the local community. Their primary objective is to offer education, technical assistance, and support services to help establish and expand democratically-owned and managed enterprises. This mission aims to empower individuals and contribute positively to the economy. The organization's activities include providing resources and guidance to aid in the growth of these enterprises, ultimately promoting a thriving local community.
Is Common Wealth Inc legitimate?
Common Wealth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Wealth 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: $44,830
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,801
For more financial information, click here
What is the mission statement of Common Wealth Inc?
CommonWealth Inc is established with the aim to offer educational resources, technical assistance, and support services. The primary objective is to facilitate the development and expansion of democratically-owned and managed enterprises. Furthermore, the organization supports initiatives to generate employment opportunities and contribute to the local economy's prosperity. In essence, CommonWealth Inc serves as a catalyst for fostering enterprise growth and job creation in its community.
Who is the CEO of Common Wealth Inc?
Pat Rosenthal is the Director of Common Wealth Inc.
What is the revenue of Common Wealth Inc?
Common Wealth Inc's revenue in 2022 was $969,736.
Who are the executives of Common Wealth Inc and what are their salaries?
The average compensation at Common Wealth Inc during 2022 was $16,070. There are 9 employees and 12 volunteers at Common Wealth Inc.
Here are 7 key members and their salaries:
- Pat Rosenthal (Executive Director)
- James Converse (Secretary) [Trustee/Director]
- Diann Bowoman (Director)
- Jonathan Blackshire (President) [Trustee/Director]
- Frank Kriech (Treasurer) [Trustee/Director]
- Brian Corbin (Vice President) [Trustee/Director]
- Eric Jones (Director)
Where can I find the form 990 for Common Wealth Inc?
The Common Wealth Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Common Wealth Inc
CommonWealth Inc is a nonprofit organization with a mission to offer education, technical assistance, and support services. Their primary goal is to aid in the development and growth of democratically-owned and managed enterprises. By doing so, they aim to stimulate job creation and contribute to the overall enhancement of the local economy. In simpler terms, CommonWealth Inc serves as a resource for businesses that are collectively owned and managed by their members, providing them with the tools and guidance necessary to succeed and contribute positively to their community.
Impact
This information is meant to be a general summary of Common Wealth 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 Inc's impact is centered around providing education, technical assistance, and support services to aid in the development and growth of democratically-owned and managed enterprises. Through their efforts to create jobs and support the local economy in Youngstown, Ohio, Common Wealth Inc plays a vital role in fostering community improvement. Their mission to empower businesses and create sustainable economic opportunities contributes positively to the social and economic fabric of 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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$780,695
PARTNERSHIP MANAGEMENT
Revenue
$57,265
OTHER PROGRAM INCOME
Revenue
$50,775
DEVELOPMENT FEES
Revenue
$19,460
Organization Details
Founding Year
1986
Phone
(330) 744-2667
Principal Officer
Pat Rosenthal
Main Address
1221 ELM STREET, YOUNGSTOWN, OH, 44505
NTEE Category
Code: S30B - Community improvement
If you are a representative of Common Wealth 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.