Common Wealth Development Inc.
Common Wealth Development Inc.
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About this organization
Mission
To support and preserve the vitality of neighborhoods in the Madison Metropolitan Area.
About
Economic development consists of adult and youth workforce development and management of two business incubators. The organization manages a 42,000 square foot business incubator providing small business technical assistance and referrals, a 50,000 square foot light industrial building and a community based employment training and placement program with case management support. The youth and adult workforce development programs coach participants in financial fluency, job readiness and entrepreneurial leadership.
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Common wealth development, inc. supports and preserves the vitality of neighborhoods in the madison metropolitan area. our work serves as the foundational bedrock of healthy community and economic development, with projects aimed at improving the housing and business climate of our neighborhoods through a people-first approach centered on racial equity and community-level health improvement.”.
When detailing its functions, they were listed as: “To support and preserve the vitality of neighborhoods in the madison metropolitan area.”.
- According to the law, the state where the non-profit operates has been reported as WI.
- The filing specifies that the non-profit's address in 2020 was 1501 WILLIAMSON ST, MADISON, WI, 537033728.
- As of 2020, the non-profit's form shows they have a total of 123 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $151,078.
- The organization has 12 independent voting members.
- The organization was formed in 1979.
- The organization pays $1,258,005 in salary, compensation, and benefits to its employees.
- The organization pays $76,082 in fundraising expenses.