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Partners For The Common Good

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

EIN: 364369806 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is Partners For The Common Good?

Partners For The Common Good is a nonprofit organization situated in Washington, D.C. Their primary mission is to promote economic justice and opportunities by collaborating with organizations that offer financial assistance to low-income individuals and communities. They achieve this goal by providing community development loans, serving as an essential financial tool to support growth and progress nationwide and internationally. The organization operates with a fiscally responsible approach, ensuring the effective and prudent use of resources to further its mission. With a team of 16 dedicated individuals, Partners For The Common Good plays a crucial role in fostering community development and engagement.


Official website here: www.pcgloanfund.org

Is Partners For The Common Good legitimate?

Partners For The Common Good is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners For The Common Good 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: $422,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.pcgloanfund.org

What is the mission statement of Partners For The Common Good?

Partners For The Common Good is committed to promoting economic justice and opportunity. They achieve this by partnering with organizations that offer access to capital for low-income individuals and communities. Their mission is to provide an effective and financially prudent mechanism for institutional investors to support community development nationwide and abroad. By offering community development loans and encouraging community engagement, Partners For The Common Good contributes to the advancement of the economy.


Official website here: www.pcgloanfund.org

Who is the CEO of Partners For The Common Good?

Jeannine Jacokes is the Director of Partners For The Common Good. The CEO's salary of Partners For The Common Good is $208,551 and their total compensation is $243,798.


Official website here: www.pcgloanfund.org

What is the revenue of Partners For The Common Good?

Partners For The Common Good's revenue in 2022 was $4,280,450.


Official website here: www.pcgloanfund.org

Who are the executives of Partners For The Common Good and what are their salaries?

The average compensation at Partners For The Common Good during 2022 was $26,427. There are 16 employees and 10 volunteers at Partners For The Common Good.

Here are 18 key members and their salaries (Partners For The Common Good's CEO's salary is $208,551 and their total compensation is $243,798):

    Jeannine Jacokes (Ceo)
  • Compensation: $208,551
  • Related: $0
  • Other: $35,247

    • Andrew S Baldwin (Chief Lending And Credit O)
  • Compensation: $176,919
  • Related: $0
  • Other: $19,406

    • Larita Mimms (Chief Accounting & Admin O)
  • Compensation: $141,967
  • Related: $0
  • Other: $37,074

    • Barbara Yiadom (Director Of Portfolio Management)
  • Compensation: $140,180
  • Related: $0
  • Other: $19,533

    • Gloria Nauden (Chief Marketing And Impact Officer)
  • Compensation: $134,639
  • Related: $0
  • Other: $9,595

    • Dorian Butts (Senior Loan Officer)
  • Compensation: $120,945
  • Related: $0
  • Other: $16,863

    • Amir Kirkwood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Barbara Dreher (Outgoing-Board Of Directors - Secre)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dan Betancourt (Board Of Directors - Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Landis (Director (Until 9/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Novak (Board Of Directors - Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jie Wang (Director - Vice Chairperso)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Holdsclawiv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Kollias (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Levine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marguerite O'Brien Csj (Board Of Directors - Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Wittberg (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tabitha (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.pcgloanfund.org

    Where can I find the form 990 for Partners For The Common Good?

    The Partners For The Common Good’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.pcgloanfund.org

    Learn more at the official website: www.pcgloanfund.org

    Mission Statement of Partners For The Common Good

    Partners for the Common Good, as an organization, is committed to promoting economic justice and opportunities for low-income individuals and communities. They achieve this mission by partnering with other organizations that facilitate access to capital. By doing so, they provide a viable and financially responsible mechanism for institutional investors to support community development projects both domestically and internationally. In essence, Partners for the Common Good plays a significant role in propelling the economy forward by offering community development loans and encouraging community engagement.

    Impact

    This information is meant to be a general summary of Partners For The Common Good. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Partners For the Common Good advances economic justice and opportunity by partnering with organizations to provide access to capital for low-income people and communities. Through providing community development loans and encouraging community engagement, they move the economy forward and support community development both nationwide and abroad. Their impact is felt in the tangible support and resources they provide to help uplift and empower marginalized communities, fostering economic growth and greater opportunities for those in need.





    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: $135,254
  • Program Service Revenue: $3,138,420
  • Gross Receipts: $4,545,634

    • Assets and Liabilities:
  • Total Assets: $60,206,337
  • Total Liabilities: $39,797,902
  • Net Assets: $20,408,435
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN PORTFOLIO INTERES

    Revenue

    $2,368,643

    FEE INCOME - LOAN PORT

    Revenue

    $769,777

    Organization Details

    Founding Year

    2000

    Principal Officer

    Jeannine Jacokes

    Main Address

    1201 15TH STREET NW 200, WASHINGTON, DC, 20005

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Partners For The Common Good 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.