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Common Wealth Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341517533 ✦ Youngstown, OH ✦ Designated as a 501(c)(3)

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?
Who is the CEO of Common Wealth Inc?
What is the revenue of Common Wealth Inc?
Who are the executives of Common Wealth Inc and what are their salaries?
Where can I find the form 990 for Common Wealth Inc?

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.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,935
  • Program Service Revenue: $908,195
  • Gross Receipts: $1,007,015

    • Assets and Liabilities:
  • Total Assets: $9,960,606
  • Total Liabilities: $224,396
  • Net Assets: $9,736,210
  • 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

    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.