Overview
What is Society To Benefit Everyone Inc?
Society To Benefit Everyone Inc, with its headquarters in Ashfield, Massachusetts, is a nonprofit organization committed to designing and implementing a community-centered democratic economy. Their mission involves empowering individuals to reach their full potential by ensuring essential necessities such as food, shelter, and employment. Common Good, as they are also known, promotes the use of software, strategies, and contracts to establish this new economy, which shifts power back to local communities, enabling them to decide funding priorities and support each member effectively. Their vision is to build a system that fosters a sense of joy and fulfillment in contributing to society.
Official website here: www.commongood.earth
What are the reviews and ratings of this charity?
Charity Navigator rating: 89% (Three-Star out of Four Star rating)
Society To Benefit Everyone Inc has received a strong rating of 89%, indicating a solid performance in the area of accountability and finance. This score reflects the organization's commitment to transparency and responsible financial management, as evidenced by the presence of a majority independent board and policies in place for conflict of interest and whistleblower protections. The nonprofit demonstrates effective use of funds, with a high program expense ratio of 96.77%.
While the organization excels in many areas, there are some limitations noted, particularly in the liabilities to assets ratio, which stands at 64.23%. This suggests potential financial risk, highlighting the need for ongoing monitoring of financial health. However, the absence of material diversion of assets is a positive sign that the organization is managing its resources effectively.
Overall, Society To Benefit Everyone Inc shows a commendable commitment to its mission and financial stewardship, but stakeholders may want to keep an eye on its financial ratios to ensure continued stability and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Society To Benefit Everyone Inc?
94% of 6 reviewers on Facebook recommend Society To Benefit Everyone Inc. Here’s a look at their insights:
The positive sentiment seems to highlight the organization's mission to address global challenges through innovative financial solutions. While fewer reviews suggest potential limitations or dissatisfaction, the overall response indicates a strong belief in the nonprofit's aims and effectiveness.
Though the sample size is small, those who endorse the organization appreciate the impact it strives to make in the community and beyond. The nonprofit appears to resonate well with its supporters, who share a vision for positive change.
This AI summary has been generated from reviews found on Facebook.
Is Society To Benefit Everyone Inc legitimate?
Society To Benefit Everyone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society To Benefit Everyone 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,105
For more financial information, click here
Official website here: www.commongood.earth
What is the mission statement of Society To Benefit Everyone Inc?
Society To Benefit Everyone Inc aims to establish a new community-centered democratic economy. This economy aims to empower each individual to reach their full potential by ensuring basic necessities such as food and housing are accessible to all. The organization's mission is to shift power from corporations and distant governments back to communities, enabling them to make decisions based on local needs and resources. In this proposed economy, there is an abundance of funds to support these community-driven decisions. The ultimate goal is to design and establish the framework for this new economic system.
Official website here: www.commongood.earth
Who is the CEO of Society To Benefit Everyone Inc?
William Spademan is the Treasurer of Society To Benefit Everyone Inc.
Official website here: www.commongood.earth
What is the revenue of Society To Benefit Everyone Inc?
Society To Benefit Everyone Inc's revenue in 2022 was $1,170,016.
Official website here: www.commongood.earth
Who are the executives of Society To Benefit Everyone Inc and what are their salaries?
There 6 volunteers at Society To Benefit Everyone Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commongood.earth
Where can I find the form 990 for Society To Benefit Everyone Inc?
Society To Benefit Everyone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commongood.earth
Learn more at the official website: www.commongood.earth
Mission Statement of Society To Benefit Everyone Inc
Society to Benefit Everyone Inc, through its initiative Common Good, aims to establish a new community-focused democratic economy. This economy empowers individuals to fulfill their potential, ensuring they have essentials such as food and shelter. The organization's mission is to move power away from large corporations and distant governments and back into the communities. In this new economy, locals collaborate to determine funding priorities, ensuring ample resources to support these decisions. Society to Benefit Everyone Inc's goal is to design and implement the framework for this innovative economic system, allowing every individual to contribute to society in a manner that brings them joy.
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Impact
October, 2024
Society To Benefit Everyone Inc creates significant impact by fostering a community-centered democratic economy that empowers individuals to thrive. Through its innovative Common Good Democratic Economics System, the organization designs and promotes tools, strategies, and contracts that prioritize local needs and aspirations. This approach shifts power away from large corporations and distant authorities, placing it back into the hands of the community where members can collectively decide on their priorities and funding.
By ensuring that everyone has access to essential resources such as food and housing, Society To Benefit Everyone Inc enables individuals to reach their full potential. The emphasis on guaranteed work further supports economic stability and personal fulfillment, allowing individuals to contribute to society in meaningful ways that bring them joy. The organization actively works towards creating an ecosystem where community members collaborate to shape their economic landscape, ultimately driving improvement at a local level.
This information is meant to be a general summary of Society To Benefit Everyone 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: $12,400
- Program Service Revenue: $35,400
- Gross Receipts: $1,170,016
Assets and Liabilities:
- Total Assets: $981,019
- Total Liabilities: $596,851
- Net Assets: $384,168
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Common Good
Revenue
$35,400
Organization Details
Founding Year
2006
Phone
(413) 628-1723Principal Officer
William Spademan
Main Address
PO Box 21, Ashfield, MA, 01330
Website
www.commongood.earthNTEE Category
Code: S30 - Community improvement
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