Overview
What is 501 Commons?
501 Commons, based in Seattle, Washington, serves as a program administrator for the Washington Opportunity Scholarship (WSOS). Their mission is to empower nonprofit organizations by acting as experts, innovators, and partners, aiming to amplify their strengths and ultimately contribute to the flourishing of communities. Specifically, 501 Commons oversees WSOS, an initiative that eliminates educational barriers for Washington State students, particularly those from underrepresented backgrounds, including students of color, women, and first-generation scholars. WSOS offers financial assistance, career training, and mentorship services to prepare these students for high-demand careers in STEM, healthcare, and trade, addressing the state's workforce shortages. As of the provided information, 501 Commons employs 97 individuals.
Official website here: www.501commons.org
What are the reviews and ratings of this charity?
**501 Commons**
**Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)**
501 Commons has demonstrated a solid performance with an overall rating of 87%, earning it a Three-Star designation from Charity Navigator. This score reflects its strong accountability and financial management, highlighted by an impressive program expense ratio of over 94%, indicating that most of its funding goes directly into its programs. The organization benefits from a completely independent board and has robust policies in place, showcasing effective governance.
The organization's strengths also include a high Culture & Community Score of 91%, suggesting that it engages effectively with its constituents and utilizes their feedback to improve its services. The charity's transparency practices, including the distribution of financial documents and thorough communication about board meetings, reflect its commitment to accountability. However, the absence of publicly available financial statements has contributed to a slight deduction in its score.
Unfortunately, user reviews from GreatNonprofits could not be fetched, so there is no additional feedback to provide regarding personal experiences with the organization. Overall, 501 Commons appears to be a well-managed organization with a strong focus on accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about 501 Commons?
100% of 16 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The overwhelming consensus among reviewers highlights the exceptional quality and appeal of the venue, describing it as one of the most beautiful locations in Seattle. Many express admiration for the aesthetics, noting the impressive ambiance which adds to the overall experience.
The support and services provided by 501 Commons seem to resonate well with those who have interacted with them, further enhancing the positive sentiment. Although there was limited feedback focusing specifically on programs or initiatives, the appreciation for the environment suggests that the nonprofit successfully creates an inviting space for its activities.
This AI summary has been generated from reviews found on Facebook.
Is 501 Commons legitimate?
501 Commons is a legitimate nonprofit organization registered as a 501(c)(3) entity. 501 Commons 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: $189,258
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,488,355
For more financial information, click here
Official website here: www.501commons.org
What is the mission statement of 501 Commons?
501 Commons, as an organization, is committed to supporting the growth and success of nonprofits. Their mission is to amplify the strengths of these organizations, acting as experts, innovators, and partners. By doing so, they aim to contribute to the flourishing of people and communities across the board. Their passion lies in eliminating barriers and enhancing the impact of nonprofits, ultimately leading to a positive societal impact. As a program administrator for the Washington Opportunity Scholarship, 501 Commons helps students from underrepresented backgrounds pursue high-demand careers in Washington State, providing financial assistance, career training, and mentorship services.
Official website here: www.501commons.org
Who is the CEO of 501 Commons?
Nancy Long is the Executive Director of 501 Commons.
Official website here: www.501commons.org
What is the revenue of 501 Commons?
501 Commons's revenue in 2022 was $7,078,220.
Official website here: www.501commons.org
Who are the executives of 501 Commons and what are their salaries?
The average compensation at 501 Commons during 2022 was $37,914. There are 97 employees and 78 volunteers at 501 Commons.
Here are 13 key members and their salaries:
- Compensation: $128,151
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- Other: $6,159
- Compensation: $49,613
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- Other: $5,335
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Official website here: www.501commons.org
Where can I find the form 990 for 501 Commons?
501 Commons's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.501commons.org
Learn more at the official website: www.501commons.org
Mission Statement of 501 Commons
501 Commons, as a nonprofit organization, is committed to the belief that the prosperity of communities is directly linked to the success of nonprofits. Acting as experts, innovators, and partners, their mission is to amplify the strengths of these organizations. Their passion lies in fostering an environment where nonprofits can thrive, thereby contributing to the flourishing of people and communities at large. By serving as the program administrator for the Washington Opportunity Scholarship, 501 Commons is actively working towards removing barriers to education and helping Washington state students pursue high-demand careers in fields such as STEM, healthcare, and trade. Through this scholarship program, Opportunity Scholars receive financial assistance, career training, and mentorship services, uniquely positioning them to meet the state's workforce shortages. With 70% of participants being scholars of color, 57% being women or nonbinary, and 67% being first-generation scholars, 501 Commons is making a significant impact in diversifying the workforce and ensuring that underrepresented individuals have the opportunity to succeed.
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Impact
July, 2024
501 Commons has a significant impact on the community by serving as the program administrator for the Washington Opportunity Scholarship (WSOS). WSOS removes barriers to education and helps Washington students forge their path to high-demand STEM, health care, and trade careers in the state. Opportunity Scholars receive financial assistance, career training, and mentorship services that uniquely position them to meet Washington's workforce shortages. Notably, 70% of participants are scholars of color, 57% are women or nonbinary, and 67% are first-generation scholars. This work directly contributes to the flourishing of all people and communities in Washington State.
This information is meant to be a general summary of 501 Commons. 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: $130,473
- Program Service Revenue: $3,121,296
- Gross Receipts: $7,078,220
Assets and Liabilities:
- Total Assets: $124,125,139
- Total Liabilities: $42,302,585
- Net Assets: $81,822,554
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUPPORT SERVICES
Revenue
$2,826,164
OTHER PROGRAM REVENUE
Revenue
$295,132
Organization Details
Founding Year
1989
Phone
(206) 682-6704Principal Officer
Nancy Long
Main Address
1200 12TH AVE S 1101, SEATTLE, WA, 98144
Website
www.501commons.orgNTEE Category
Code: S50Z - Community improvement
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