Overview
What is Commonweal Foundation?
The Commonweal Foundation is a nonprofit organization situated in New York City, specifically at 475 Riverside Drive 244, New York, NY 10115. Its primary mission is to disseminate information on various topics, including public affairs, religion, literature, and the arts. By doing so, Commonweal serves as a platform for publishing editorials, columns, essays, poetry, film, and book reviews, with a notable emphasis on issues of interest to the Catholic community. The organization employs a team of 13 individuals, ensuring its continued operations through its magazine and online presence. By providing a platform for diverse perspectives, Commonweal contributes to fostering informed discussions and promoting understanding on a multitude of societal and cultural issues.
Official website here: www.commonwealmagazine.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 84% - Three-Star out of Four Star Rating
The Commonweal Foundation holds a Three-Star rating on Charity Navigator, reflecting a score of 84%. This rating, primarily derived from the Accountability & Finance category, indicates that the organization demonstrates a solid level of financial health and responsible management practices. The foundation has achieved full marks in key areas such as independent board membership and the presence of critical governance policies.
Strengths of the organization include a high percentage of independent board members and a strong accountability structure, illustrated by its comprehensive audit and oversight measures. Additionally, it has shown no material diversion of assets, which further underscores its financial integrity. The foundation's commitment to transparency is evident in its publicly listed conflict of interest and whistleblower policies.
However, while the program expense ratio stands at 60.79%, it indicates that there is room for improvement in how funds are allocated to programs versus administrative and fundraising costs. This may warrant closer scrutiny from donors who prioritize direct program impact in their giving decisions. Overall, the Commonweal Foundation demonstrates a strong commitment to accountability and governance, making it a generally reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Commonweal Foundation legitimate?
Commonweal Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonweal Foundation 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:
Executive Compensation: $400,026
Professional Fundraising Fees: $0
Other Salaries and Wages: $606,870
For more financial information, click here
Official website here: www.commonwealmagazine.org
What is the mission statement of Commonweal Foundation?
The Commonweal Foundation's mission revolves around the publication and dissemination of information on various topics, including public affairs, religion, literature, and the arts. As the oldest independent lay Catholic journal of opinion in the United States, Commonweal uses its magazine and website to share editorial pieces, columns, essays, poetry, film, and book reviews, all while maintaining a focus on issues of interest to Catholics. Commonweal's activities encompass a broad spectrum, covering literature, the arts, religion, society, and politics.
Official website here: www.commonwealmagazine.org
Who is the CEO of Commonweal Foundation?
Dominic Preziosi is the President of Commonweal Foundation.
Official website here: www.commonwealmagazine.org
What is the revenue of Commonweal Foundation?
Commonweal Foundation's revenue in 2022 was $1,707,525.
Official website here: www.commonwealmagazine.org
Who are the executives of Commonweal Foundation and what are their salaries?
The average compensation at Commonweal Foundation during 2022 was $77,454. There are 13 employees at Commonweal Foundation.
Here are 27 key members and their salaries:
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- Compensation: $117,237
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- Compensation: $93,883
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- Other: $18,512
Official website here: www.commonwealmagazine.org
Where can I find the form 990 for Commonweal Foundation?
Commonweal Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonwealmagazine.org
Learn more at the official website: www.commonwealmagazine.org
Mission Statement of Commonweal Foundation
Commonweal Foundation, established as the oldest independent lay Catholic journal of opinion in the United States, focuses its mission on disseminating information on various public affairs, religion, literature, and the arts. This nonprofit organization, recognized for its strong focus on issues relevant to Catholics, utilizes its magazine and website to publish a diverse range of content. This includes insightful editorials, thought-provoking columns, compelling essays, and incisive reviews on films and books. Commonweal serves as a platform for fostering open discussions and encouraging critical thinking on literature, the arts, religion, society, and politics.
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Impact
August, 2024
Commonweal Foundation's impact lies in providing a platform for the publication and online distribution of information on public affairs, religion, literature, and the arts. As the oldest independent lay Catholic journal of opinion in the United States, Commonweal plays a significant role in covering a wide range of topics including literature, the arts, religion, society, and politics. Through its magazine and website, Commonweal publishes editorials, columns, essays, poetry, as well as film and book reviews. With a relatively strong focus on issues of specific interest to Catholics, Commonweal Foundation serves as a valuable source of information and discussion for its audience, contributing to the enrichment of public discourse and understanding.
This information is meant to be a general summary of Commonweal Foundation. 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: $270,402
- Program Service Revenue: $738,063
- Gross Receipts: $2,125,521
Assets and Liabilities:
- Total Assets: $3,554,771
- Total Liabilities: $1,028,603
- Net Assets: $2,526,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTION INCOME
Revenue
$627,889
ADVERTISING INCOME
Revenue
$77,047
MAILING LIST RENTALS
Revenue
$15,284
ROYALTIES
Revenue
$9,242
DEALERS AND BULK
Revenue
$8,601
Organization Details
Founding Year
1983
Phone
(212) 662-4200Principal Officer
Dominic Preziosi
Main Address
475 RIVERSIDE DRIVE 244, NEW YORK, NY, 10115
Website
www.commonwealmagazine.orgNTEE Category
Code: E11 - Health
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