Fund For The Common Good

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

EIN: 843726722 ✦ Fulton, MD ✦ Designated as a 501(c)(4)

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Overview

What is Fund For The Common Good?

The Fund For The Common Good, located in Fulton, Maryland, is a nonprofit organization. Its primary mission is to foster social welfare by strategically and financially backing other 501(c)3 or 501(c)4 organizations, aligning with its own objectives. This support extends to various sectors, including local journalism, furthering the collective goal of promoting societal well-being.

Is Fund For The Common Good legitimate?

Fund For The Common Good is a legitimate nonprofit organization registered as a 501(c)(4) entity. Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Fund For The Common Good?

The Fund For The Common Good's mission is centered around promoting social welfare. They achieve this by providing strategic and financial support to organizations that align with their mission, which are exempt under IRC 501(c)(3) or 501(c)(4). One of their key focuses is supporting local journalism, which is essential for informed communities. This organization serves as a catalyst for change by backing initiatives that contribute to social betterment.

Who is the CEO of Fund For The Common Good?

Christine A Shreve is the Treasurer of Fund For The Common Good.

What is the revenue of Fund For The Common Good?

Fund For The Common Good's revenue in 2022 was -$506,052.

Who are the executives of Fund For The Common Good and what are their salaries?

There 4 volunteers at Fund For The Common Good.


Here are 7 key members and their salaries:


Christine Ashreve (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary C Acker (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
David J Korotkin (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stewart Bainum Jr (President And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra Bainum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradford Bainum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Bainum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fund For The Common Good?

Fund For The Common Good's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fund For The Common Good

The Fund for the Common Good, as a nonprofit organization, is dedicated to advancing social welfare. It achieves this mission by offering strategic and financial resources to other charitable organizations that share its vision, falling under the categories of IRC 501(c)(3) or 501(c)(4). This support extends to initiatives that align with its own mission, including the promotion of local journalism. By providing such assistance, the Fund for the Common Good aims to amplify the impact of these organizations and contribute to broader societal well-being.

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Impact




October, 2024

Fund For The Common Good significantly impacts social welfare by providing strategic and financial resources to organizations aligned with its mission, particularly those recognized under IRC 501(c)(3) or 501(c)(4). By supporting these organizations, it enhances their capacity to implement programs that foster community development and advocacy. A notable area of focus includes bolstering local journalism, which plays a crucial role in democratic engagement and informed citizenry. This support not only helps sustain essential services but also promotes a vibrant civil society that can address critical social issues. The collaborative approach taken by Fund For The Common Good amplifies the effectiveness of its partner organizations, ultimately leading to a more informed, equitable, and engaged community.




This information is meant to be a general summary of Fund 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.

Revenue
-$506,052 (2022)
Expenses
$3,876,388 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$506,052
  • Gross Receipts: $20,855,206

Assets and Liabilities:

  • Total Assets: $27,437,728
  • Total Liabilities: $0
  • Net Assets: $27,437,728

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Organization Details

Founding Year

2019

Principal Officer

Christine A Shreve

Main Address

8171 Maple Lawn Blvd, Fulton, MD, 20759

NTEE Category

Code: T20 - Philanthropy

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