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Commonwealth Corporation Foundation

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

EIN: 273112781 ✦ Boston, MA ✦ Designated as a 501(c)(3)

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Overview

What is Commonwealth Corporation Foundation?

The Commonwealth Corporation Foundation, established in Boston, Massachusetts, serves as a charitable and educational arm of the Commonwealth Corporation. Established in 2010, its primary purpose is to support and advance the objectives of its parent organization. The foundation is committed to contributing to noble causes, aligning with the mission of the Commonwealth Corporation.


Official website here: www.commcorp.org

Is Commonwealth Corporation Foundation legitimate?

Commonwealth Corporation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Corporation 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: $35,199

For more financial information, click here


Official website here: www.commcorp.org

What is the mission statement of Commonwealth Corporation Foundation?

The Commonwealth Corporation Foundation, established in 2010, is committed to supporting and advancing the charitable and educational objectives of the Commonwealth Corporation. Its mission is to contribute to these purposes, aiming to make a positive impact in its respective field. The foundation's activities are geared towards furthering the goals set by the Commonwealth Corporation. While the specifics of these objectives are not provided in the information, it can be inferred that the foundation is dedicated to supporting charitable and educational initiatives in its capacity as a Massachusetts corporation.


Official website here: www.commcorp.org

Who is the CEO of Commonwealth Corporation Foundation?

Christine Abrams is the CEO of Commonwealth Corporation Foundation The CEO's salary of Commonwealth Corporation Foundation is $0 and their total compensation is $239,172.


Official website here: www.commcorp.org

What is the revenue of Commonwealth Corporation Foundation?

Commonwealth Corporation Foundation's revenue in 2024 was $448,650.


Official website here: www.commcorp.org

Who are the executives of Commonwealth Corporation Foundation and what are their salaries?

There 9 volunteers at Commonwealth Corporation Foundation.

Here are 12 key members and their salaries (Commonwealth Corporation Foundation's CEO's salary is $0 and their total compensation is $239,172):


Charles Ocitti (Treasurer (Until 5/24))
  • Compensation: $0
  • Related: $302,715
  • Other: $0
Christine Abrams (President/Ceo (Until 4/23))
  • Compensation: $0
  • Related: $192,193
  • Other: $46,979
Alanna Mallon (President/Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Jones (Chair (Until 1/24)/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Molly Jacobson (Chair (As Of 1/24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Dame (Vice Chair (Until 1/24)/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Enna Jimenez (Treasurer (As Of 5/24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jo Meisner (Clerk (Until 1/24))
  • Compensation: $0
  • Related: $0
  • Other: $0
Natalia Hilton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Scranton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanjeez Yadav (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Desilva (Trustee (Until 10/23))
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commcorp.org

Where can I find the form 990 for Commonwealth Corporation Foundation?

Commonwealth Corporation Foundation's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.commcorp.org

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

Mission Statement of Commonwealth Corporation Foundation

The Commonwealth Corporation Foundation, established in 2010, is a Massachusetts-based organization with a mission to support and advance the charitable and educational objectives of the Commonwealth Corporation. Its purpose is to contribute to the betterment of society by promoting and reinforcing the philanthropic and educational pursuits of the Commonwealth Corporation. The foundation's role is to further these noble objectives, thereby making a meaningful impact in its chosen field.

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Impact




October, 2024

Commonwealth Corporation Foundation significantly impacts the community by enhancing charitable and educational initiatives in Massachusetts. Established in June 2010, its mission is dedicated to supporting the broader objectives of Commonwealth Corporation, focusing on philanthropy that drives positive change. By investing in programs and resources, the foundation contributes to workforce development and educational opportunities, fostering a skilled workforce and empowering individuals to achieve their potential. This commitment to enhancing learning and economic mobility ultimately strengthens communities and promotes sustainable growth throughout the region.




This information is meant to be a general summary of Commonwealth Corporation 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.

Revenue
$448,650 (2024)
Expenses
$448,948 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Gross Receipts: $448,650

Assets and Liabilities:

  • Total Assets: $1,902,229
  • Total Liabilities: $238,858
  • Net Assets: $1,663,371

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Organization Details

Founding Year

2010

Principal Officer

Christine Abrams

NTEE Category

Code: T11 - Philanthropy

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