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Commonbond Endowment Corporation

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

EIN: 300186930 ✦ St paul, MN ✦ Designated as a 501(c)(3)

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Overview

What is Commonbond Endowment Corporation?

Commonbond Endowment Corporation is a nonprofit organization, headquartered in St. Paul, Minnesota, with an address at 1080 Montreal Avenue. Their primary mission is to raise funds through grants and contributions to support the Advantage Services Program of Commonbond Communities. This program aims to benefit the organization as a whole, working towards an unspecified goal or objective. The corporation operates as a not-for-profit entity, dedicated to securing financial aid to bolster their initiatives.


Official website here: www.commonbond.org

Is Commonbond Endowment Corporation legitimate?

Commonbond Endowment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonbond Endowment Corporation 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.commonbond.org

What is the mission statement of Commonbond Endowment Corporation?

Commonbond Endowment Corporation, as a not-for-profit organization, is established with the purpose of soliciting grants and contributions. Its primary objective is to benefit the Advantage Services Program within Commonbond Communities. The corporation manages funds contributed to advance this program, thereby supporting its initiatives. In essence, Commonbond Endowment Corporation aims to raise funds to enhance the services and resources offered through the Advantage Services Program.


Official website here: www.commonbond.org

Who is the CEO of Commonbond Endowment Corporation?

Deidre Schmidt is the President & Ceo of Commonbond Endowment Corporation. The CEO's salary of Commonbond Endowment Corporation is $0 and their total compensation is $317,103.


Official website here: www.commonbond.org

What is the revenue of Commonbond Endowment Corporation?

Commonbond Endowment Corporation's revenue in 2022 was $636,029.


Official website here: www.commonbond.org

Who are the executives of Commonbond Endowment Corporation and what are their salaries?


Here are 15 key members and their salaries (Commonbond Endowment Corporation's CEO's salary is $0 and their total compensation is $317,103):


Deidre Schmidt (President & Ceo)
  • Compensation: $0
  • Related: $296,586
  • Other: $20,517
Cindy Koch (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jamal Adam (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Riley (Cfo Of Commonbond)
  • Compensation: $0
  • Related: $191,412
  • Other: $17,893
Karen Gries (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Lind (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean Rice (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Thao (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eva Stevens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cecile Bedor (Executive Vp Of Real Estate)
  • Compensation: $0
  • Related: $183,576
  • Other: $14,224
Karen Law (Executive Vp Of Talent Eq And Culture)
  • Compensation: $0
  • Related: $156,055
  • Other: $15,509
Thomas Adams (Executive Vp Of Housing Service)
  • Compensation: $0
  • Related: $192,283
  • Other: $17,781
Michael Lang (Chief Information Officer)
  • Compensation: $0
  • Related: $170,385
  • Other: $17,761
Derek Madsen (Executive Vp Of Resource Development)
  • Compensation: $0
  • Related: $104,280
  • Other: $12,075
Michele Myers (Director Of Property Management)
  • Compensation: $0
  • Related: $101,059
  • Other: $7,545


Official website here: www.commonbond.org

Where can I find the form 990 for Commonbond Endowment Corporation?

Commonbond Endowment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.commonbond.org

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

Mission Statement of Commonbond Endowment Corporation

Commonbond Endowment Corporation is a not-for-profit organization with a mission to solicit grants and contributions for the benefit of Commonbond Communities. More specifically, Commonbond Endowment Corporation is established with the goal of raising funds to support the Advantage Services Program within Commonbond Communities. By managing and securing contributions, this corporation contributes to the betterment of the Advantage Services Program.

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Impact




October, 2024

Commonbond Endowment Corporation plays a crucial role in enhancing the lives of individuals and families within CommonBond Communities. By soliciting grants and contributions, it effectively funds the Advantage Services Program, which offers essential resources and support to residents. This initiative not only addresses immediate needs but also fosters long-term stability and empowerment for community members.

Based in St. Paul, MN, Commonbond Endowment Corporation's efforts contribute significantly to the broader mission of improving housing stability, access to educational opportunities, and overall community well-being. Through strategic management of contributed funds, the organization ensures that resources are allocated effectively, maximizing the impact on those served. The focus on philanthropy signifies a commitment to building stronger, more resilient communities, ultimately transforming lives and creating lasting positive change.




This information is meant to be a general summary of Commonbond Endowment Corporation. 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
$636,029 (2022)
Expenses
$29,981 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $629,029
  • Gross Receipts: $1,327,621

Assets and Liabilities:

  • Total Assets: $11,460,037
  • Total Liabilities: $701,610
  • Net Assets: $10,758,427

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Organization Details

Founding Year

2003

Principal Officer

Deidre Schmidt

Main Address

1080 MONTREAL AVE, ST PAUL, MN, 55116

NTEE Category

Code: T20 - Philanthropy

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