Overview
What is Commonwealth Charitable Fund Inc?
Commonwealth Charitable Fund Inc, based in Jupiter, Florida, is a nonprofit organization that is dedicated to granting funds and scholarships to numerous 501(C)3 organizations, adhering to its established grant criteria. This philanthropic entity works towards supporting various charitable organizations, contributing to their causes and initiatives. While the specific areas of focus for these organizations are not provided in the information, it is clear that Commonwealth Charitable Fund Inc plays a significant role in the charitable sector by providing financial aid and resources to eligible organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Commonwealth Charitable Fund Inc has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 70%. The organization excels in its accountability and finance practices, achieving a perfect score of 100% in this area. Key strengths include having an independent board with all members being independent and no material diversion of assets noted.
However, the nonprofit has significant areas for improvement, particularly in transparency and governance. It lacks several essential policies and documentation, including a conflict of interest policy, a whistleblower policy, and minutes from board meetings. Additionally, the organization's website does not provide tax forms or other important documents, indicating a need for better communication of its operations and financial practices to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Charitable Fund Inc legitimate?
Commonwealth Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Charitable Fund 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Commonwealth Charitable Fund Inc?
Commonwealth Charitable Fund Inc's mission is centered around providing grants and scholarships to various 501(C)3 organizations, based on established grant criteria. This philanthropic organization is committed to supporting these organizations financially, contributing to their ongoing activities and initiatives. The grants and scholarships awarded by Commonwealth Charitable Fund Inc aim to make a positive impact in various fields, reflecting the organization's dedication to charitable causes. By providing these financial resources, the organization plays a significant role in supporting the missions and goals of numerous non-profit organizations.
Who is the CEO of Commonwealth Charitable Fund Inc?
Robert Trevisani is the President of Commonwealth Charitable Fund Inc.
What is the revenue of Commonwealth Charitable Fund Inc?
Commonwealth Charitable Fund Inc's revenue in 2022 was $79,889.
Who are the executives of Commonwealth Charitable Fund Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Commonwealth Charitable Fund Inc?
Commonwealth Charitable Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Commonwealth Charitable Fund Inc
Commonwealth Charitable Fund Inc, as its name suggest, is an organization committed to providing grants and scholarships to various 501(C)3 nonprofit organizations. This is in line with its established grant criteria. The organization's mission is centered around this, aiming to offer financial assistance to eligible nonprofits, thereby contributing to their respective causes and initiatives. By providing these grants and scholarships, Commonwealth Charitable Fund Inc plays a significant role in supporting the work of various charitable organizations, thereby contributing to the betterment of communities and societies at large.
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Impact
August, 2024
Commonwealth Charitable Fund Inc's impact lies in its provision of grants and scholarships to various 501(c)3 organizations. By adhering to longstanding grant criteria, the organization supports philanthropic efforts across sectors in Jupiter, FL. This assistance contributes to the growth and sustainability of charitable initiatives, ultimately fostering positive change within the community.
This information is meant to be a general summary of Commonwealth Charitable Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $77,589
- Gross Receipts: $125,303
Assets and Liabilities:
- Total Assets: $1,333,388
- Total Liabilities: $0
- Net Assets: $1,333,388
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Organization Details
Phone
(617) 803-4111Principal Officer
Robert Trevisani
Main Address
C/O R TREVISANI 3350 SO CAY DR, JUPITER, FL, 33477
NTEE Category
Code: T70Z - Philanthropy
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