Overview
What is Partners For The Common Good?
Partners For The Common Good is a nonprofit organization situated in Washington, D.C. Their primary mission is to promote economic justice and opportunities by collaborating with organizations that offer financial assistance to low-income individuals and communities. They achieve this goal by providing community development loans, serving as an essential financial tool to support growth and progress nationwide and internationally. The organization operates with a fiscally responsible approach, ensuring the effective and prudent use of resources to further its mission. With a team of 16 dedicated individuals, Partners For The Common Good plays a crucial role in fostering community development and engagement.
Official website here: www.pcgloanfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Partners For The Common Good has received an 80% rating from Charity Navigator, which translates to a Three-Star designation. This rating reflects a strong emphasis on accountability and finance, showcasing the organization’s commitment to sound financial practices and governance. The charity's board is completely independent, which bodes well for transparency and ethical oversight.
Strengths highlighted in the evaluation include a fully independent board, robust financial oversight mechanisms, and established policies for conflict of interest, whistleblower protection, and document management. The organization has performed well in areas such as board meeting documentation and audit processes, indicating a solid foundation for accountability.
However, the charity's liability to assets ratio and program expense ratio suggest there may be some areas of financial performance that could be improved. While the organization demonstrates a commitment to transparency and effective governance, enhancing financial health metrics could further strengthen its overall rating and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Partners For The Common Good legitimate?
Partners For The Common Good is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners For The Common Good 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: $422,839
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pcgloanfund.org
What is the mission statement of Partners For The Common Good?
Partners For The Common Good is committed to promoting economic justice and opportunity. They achieve this by partnering with organizations that offer access to capital for low-income individuals and communities. Their mission is to provide an effective and financially prudent mechanism for institutional investors to support community development nationwide and abroad. By offering community development loans and encouraging community engagement, Partners For The Common Good contributes to the advancement of the economy.
Official website here: www.pcgloanfund.org
Who is the CEO of Partners For The Common Good?
Jeannine Jacokes is the Director of Partners For The Common Good. The CEO's salary of Partners For The Common Good is $208,551 and their total compensation is $243,798.
Official website here: www.pcgloanfund.org
What is the revenue of Partners For The Common Good?
Partners For The Common Good's revenue in 2022 was $4,280,450.
Official website here: www.pcgloanfund.org
Who are the executives of Partners For The Common Good and what are their salaries?
The average compensation at Partners For The Common Good during 2022 was $26,427. There are 16 employees and 10 volunteers at Partners For The Common Good.
Here are 18 key members and their salaries (Partners For The Common Good's CEO's salary is $208,551 and their total compensation is $243,798):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $208,551
- Related: $0
- Other: $35,247
- Compensation: $141,967
- Related: $0
- Other: $37,074
- Compensation: $176,919
- Related: $0
- Other: $19,406
- Compensation: $140,180
- Related: $0
- Other: $19,533
- Compensation: $120,945
- Related: $0
- Other: $16,863
- Compensation: $134,639
- Related: $0
- Other: $9,595
Official website here: www.pcgloanfund.org
Where can I find the form 990 for Partners For The Common Good?
Partners For The Common Good's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcgloanfund.org
Learn more at the official website: www.pcgloanfund.org
Mission Statement of Partners For The Common Good
Partners for the Common Good, as an organization, is committed to promoting economic justice and opportunities for low-income individuals and communities. They achieve this mission by partnering with other organizations that facilitate access to capital. By doing so, they provide a viable and financially responsible mechanism for institutional investors to support community development projects both domestically and internationally. In essence, Partners for the Common Good plays a significant role in propelling the economy forward by offering community development loans and encouraging community engagement.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Partners For The Common Good significantly advances economic justice and opportunity by providing community development loans. By facilitating access to capital for low-income individuals and communities, it supports the growth of local economies both nationwide and abroad. The organization empowers institutional investors to participate in meaningful community engagement, driving progress and creating sustainable impact in underserved areas. Through its efforts, Partners For The Common Good enhances financial inclusion and fosters the development of initiatives that improve community well-being and resilience.
This information is meant to be a general summary of Partners For The Common Good. 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: $135,254
- Program Service Revenue: $3,138,420
- Gross Receipts: $4,545,634
Assets and Liabilities:
- Total Assets: $60,206,337
- Total Liabilities: $39,797,902
- Net Assets: $20,408,435
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PORTFOLIO INTERES
Revenue
$2,368,643
FEE INCOME - LOAN PORT
Revenue
$769,777
Organization Details
Founding Year
2000
Phone
(202) 689-8936Principal Officer
Jeannine Jacokes
Main Address
1201 15TH STREET NW 200, WASHINGTON, DC, 20005
Website
www.pcgloanfund.orgNTEE Category
Code: S30 - Community improvement
If you are a representative of Partners For The Common Good and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.