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Commonwealth Foundation Collective

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

EIN: 472228539 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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Overview

What is Commonwealth Foundation Collective?

The Commonwealth Foundation Collective is a nonprofit organization situated in Chicago, Illinois, devoted to promoting a Teen Creative Workforce Development Program. Their initiatives encompass various funds, such as the Coleman Fund, which provides a substantial award of 25,000 dollars, and a general fund offering 10,000 dollars. Furthermore, they offer the CASP Grant for Grant Year 8122, amounting to 63,023 dollars, and a total of 350,000 dollars. In essence, this educational nonprofit organization aims to support and foster the creative growth of young individuals.


Official website here: www.commonwlth.org

Is Commonwealth Foundation Collective legitimate?

Commonwealth Foundation Collective is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Foundation Collective submitted a form 990EZ, 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.


Official website here: www.commonwlth.org

What is the mission statement of Commonwealth Foundation Collective?

The Commonwealth Foundation Collective operates as a non-profit organization, with a primary focus on education. Its mission is to establish a Teen Creative Workforce Development Program. This program aims to nurture the creative abilities of young individuals, providing them with opportunities for growth and development. The organization offers two funding programs: a 25,000-dollar program and a more general one with a 10,000-dollar grant. Furthermore, the CASP Grant, part of Grant Year 8122, is also available, offering 63,023 dollars, and contributing a total of 350,000 dollars to the program.


Official website here: www.commonwlth.org

Who is the CEO of Commonwealth Foundation Collective?

Unavailable


Official website here: www.commonwlth.org

What is the revenue of Commonwealth Foundation Collective?

Commonwealth Foundation Collective's revenue in 2022 was $198,975.


Official website here: www.commonwlth.org

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


There is 1 key member and their salary:


A Coleman (Executie Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commonwlth.org

Where can I find the form 990EZ for Commonwealth Foundation Collective?

Commonwealth Foundation Collective's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.commonwlth.org

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

Mission Statement of Commonwealth Foundation Collective

The Commonwealth Foundation Collective, as an educational non-profit organization, is dedicated to providing a Teen Creative Workforce Development Program. Its primary mission is to foster the growth and development of teenagers, offering various programs. Among these, the Coleman Fund offers a substantial grant of 25,000 dollars, while another program provides a more modest 10,000-dollar grant. Additionally, the organization grants 63,023 dollars through the CASP Grant for Grant Year 8122, contributing a total of 350,000 dollars to its initiatives. By offering these programs, the Commonwealth Foundation Collective aims to equip and empower teenagers, providing them with the tools and resources necessary to excel in their creative pursuits.

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Impact




October, 2024

The Commonwealth Foundation Collective significantly impacts youth in Chicago through its Teen Creative Workforce Development Program. By providing financial resources like the Coleman Fund, which includes a $25,000 program and an additional $10,000 grant, it supports the development of young creatives. Furthermore, the CASP Grant offers substantial funding of $63,023 for Grant Year 8122, contributing to a total of $350,000 allocated to empower teens in the arts.

These programs not only enhance the skill sets of participants but also foster confidence and creativity, preparing them for future careers in the arts. By investing in the local community and nurturing young talent, the Commonwealth Foundation Collective helps bridge the gap between creativity and employability, ultimately supporting the growth of the creative workforce in Chicago.




This information is meant to be a general summary of Commonwealth Foundation Collective. 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
$198,975 (2022)
Expenses
$194,172 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $198,975

Assets and Liabilities:

  • Total Assets: $4,803
  • Total Liabilities: $0
  • Net Assets: $4,803

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Organization Details

Main Address

8441 S KIMBARK AVE, CHICAGO, IL, 60619

NTEE Category

Code: A25 - Arts

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