Overview
What is Commonwealth Cares Foundation?
The Commonwealth Cares Foundation is a benevolent organization situated in Daniel Island, South Carolina. It operates as a charitable entity, primarily dedicated to supporting local charities that focus on family assistance in the domains of healthcare and financial assistance. One of their significant contributions is an annual donation to OneWorld Health, an organization that strives to provide sustainable, high-quality healthcare to underprivileged individuals worldwide. This foundation's mission aligns with the betterment of families in need, demonstrating its commitment to community welfare.
Official website here: www.commonwealthcares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
The Commonwealth Cares Foundation has received a One-Star rating, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has no material diversion of assets, it has notable gaps in governance policies, including the absence of a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes.
On a positive note, the foundation maintains a strong program expense ratio of 65.53%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, its liabilities to assets ratio is commendable at 0.00%, indicating that it does not carry debt relative to its assets.
However, the lack of essential governance policies and documentation raises red flags about operational transparency and accountability. This situation may lead potential donors to question the organization’s commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Cares Foundation legitimate?
Commonwealth Cares Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Cares 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.commonwealthcares.org
What is the mission statement of Commonwealth Cares Foundation?
The Commonwealth Cares Foundation is a charitable organization with a mission to support local charities that focus on providing family assistance in the areas of health care and financial assistance. The foundation accomplishes this by providing funding to these charities. Additionally, the organization makes an annual donation to OneWorld Health, an organization that provides sustainable quality healthcare to underprivileged individuals worldwide. By doing so, the Commonwealth Cares Foundation aims to contribute to the well-being of families in need, both locally and globally.
Official website here: www.commonwealthcares.org
Who is the CEO of Commonwealth Cares Foundation?
Jason E Creech is the President of Commonwealth Cares Foundation.
Official website here: www.commonwealthcares.org
What is the revenue of Commonwealth Cares Foundation?
Commonwealth Cares Foundation's revenue in 2022 was $0.
Official website here: www.commonwealthcares.org
Who are the executives of Commonwealth Cares Foundation and what are their salaries?
There 2 volunteers at Commonwealth Cares Foundation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.commonwealthcares.org
Where can I find the form 990 for Commonwealth Cares Foundation?
Commonwealth Cares Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.commonwealthcares.org
Learn more at the official website: www.commonwealthcares.org
Mission Statement of Commonwealth Cares Foundation
Commonwealth Cares Foundation, as a charitable organization, focuses its funding efforts on local charities that specialize in providing family assistance, with a particular emphasis on health care and financial assistance. The organization's mission is to contribute to these causes, aiming to uplift families in need. One of the ways Commonwealth Cares Foundation fulfills this mission is by making an annual donation to OneWorld Health. This global organization is dedicated to providing sustainable, high-quality healthcare to underprivileged individuals worldwide. By supporting such initiatives, Commonwealth Cares Foundation demonstrates its commitment to improving the lives of families in various communities, both locally and internationally.
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Impact
October, 2024
Commonwealth Cares Foundation significantly impacts its community by funding local charities that provide crucial family assistance in healthcare and financial support. One of its key initiatives includes an annual donation to OneWorld Health, an organization dedicated to delivering sustainable quality healthcare to underprivileged populations globally. This support enhances health outcomes and improves the quality of life for vulnerable communities, showcasing a commitment to addressing healthcare disparities. By focusing on family assistance, Commonwealth Cares Foundation plays a pivotal role in fostering healthier, more resilient communities.
This information is meant to be a general summary of Commonwealth Cares 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.
Assets and Liabilities:
- Total Assets: $28,858
- Total Liabilities: $0
- Net Assets: $28,858
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Organization Details
Founding Year
2008
Phone
(843) 884-4545Principal Officer
Jason E Creech
Main Address
225 SEVEN FARMS DR STE 106, DANIEL ISLAND, SC, 29492
Website
www.commonwealthcares.orgNTEE Category
Code: G12 - Disease
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