Commonwise Education Inc.
Commonwise Education Inc.
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About this organization
Mission
The Organization coordinates the people, businesses and institutions of the Bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. This network of stakeholders,is known as the Bronx Cooperative Development Initiative (BCDI). Based on a framework of economic democracy, BCDI leverages existing Bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among Bronx residents.
About
We have built deep partnerships between large institutional purchasers and local Bronx businesses that focus on building community wealth. These partnerships have led to increased investments, through contracts and financial support, to the small business community in the Bronx. We have also launched a pilot fabrication facility that provides training in innovation skills and fabrication to young people and entrepreneurs from the Bronx. We have partnered with the Mondragn Corporation to scale this facility to be a critical Institutional presence in the Bronx, democratizing production and learning how to scale shared wealthbusinesses. Additionally, we have established a planning and policy lab in the Bronx, which has convened stakeholders throughout the borough around a common economic development without displacement strategy. Finally, we have also conducted comprehensive trainings and workshops around economic democracy in the Bronx. These workshops have helped develop the leadership of key institutional leadership in the Bronx that will advance economic democracy.
Interesting data from their 2020 990 filing
The filing outlines the non-profit's goal as “Commonwise education, inc will provide on-line education and training in the areas of entrepreneurship,management, sustainability, organizational development and innovation to social enterprise and community development businesses, employee and cooperatively owned businesses. these services are designed to increase the success and viability of these businesses.”.
When explaining its purpose, the activities were outlined as: “The organization coordinates the people, businesses and institutions of the bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. this network of stakeholders,is known as the bronx cooperative development initiative (bcdi). based on a framework of economic democracy, bcdi leverages existing bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among bronx residents.”.
- As per legal reporting requirements, the state of operation for the non-profit is VT.
- The non-profit's address for 2020 is listed as 2431 Morris Avenue, Bronx, NY, 10468 in the filing.
- As per the non-profit's form, they have 10 employees as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$494,300.
- The CEO's compensation policy within the organization is not established through a review and approval from a neutral party.
- The organization elects its board members.
- The organization has 11 independent voting members.
- The organization was formed in 2011.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $397,532 in salary, compensation, and benefits to its employees.
- The organization pays $8,927 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.
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