Program areas at Partners for the Common Good
Partners for the Common Good provides an effective and fiscally prudent mechanism through which institutional investors can support community development nationwide and abroad. We move our economy forward by providing community development loans and encouraging community engagement.
New markets tax credits - Partners for the Common Good participates in the new markets credit program, as an extension of lending done through our general loan fund. the nmtc allows pcg to significantly increase the flow of capital to low income communities by providing a tax incentive to private investors.
Capnexus - an online tool for cdfis, investors, and others in the community development finance field to connect mission focused capital with community development projects. It strengthens the capacity of institutions and the industry to serve communities that need it most.
Who funds Partners for the Common Good
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| W.K. Kellogg Foundation (WKKF) | 2022-08 | Enable the Organization To Achieve Its Mission To Advance Economic Justice and Opportunity By Partnering With Organizations That Provide Access To Capital for Low-Income People and Communities By Providing General Operating Support | $200,000 |
| Opportunity Finance Network (OFN) | 2022-12 | Ofn Cdfi Tech Grant Program Supported By Google.org | $150,000 |
| AmazonSmile Foundation | 2022-12 | General Support | $41 |
Personnel at Partners for the Common Good
| Name | Title | Compensation | Date of data |
|---|
| Jeannine Jacokes | Chief Executive Officer | $208,551 | 2023-08-29 |
| Amir Kirkwood | Director | $0 | 2022-12-31 |
| Kimberly J. Levine | SVP and Chief Financial Officer | | 2021-11-10 |
| Gloria Nauden | Chief Marketing and Impact Officer | $134,639 | 2022-12-31 |
| Larita Mimms | Chief Accounting and Administration O | $141,967 | 2022-12-31 |
| ...and 13 more key personnel |
Financials for Partners for the Common Good
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $1,006,776 | $3,046,777 | -67% |
| Program services | $3,138,420 | $3,647,930 | -14% |
| Investment income and dividends | $59,656 | $56,756 | 5.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $75,598 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $306,000 | -100% |
| Total revenues | $4,280,450 | $7,057,463 | -39.3% |
Organizations like Partners for the Common Good
| Organization | Type | Location | Revenue |
|---|
| Valley Partners | 501(c)(3) | Youngstown, OH | $7,559,367 |
| New Mexico Community Capital | 501(c)(3) | Albuquerque, NM | $5,157,855 |
| Community Investment Fund of Indiana | 501(c)(3) | Indianapolis, IN | $2,295,698 |
| Virginia Community Development Fund | 501(c)(3) | Richmond, VA | $1,320,186 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $18,836,412 |
| Institute for Strategic and Equitable Development | 501(c)(3) | Bennettsville, SC | $1,500,000 |
| Central Florida Sports Commission | 501(c)(3) | Orlando, FL | $4,639,730 |
| King of Prussia Business Improvement District | 501(c)(3) | King of Prussia, PA | $3,424,803 |
| Charleston Redevelopment Corporation | 501(c)(3) | Charleston, SC | $6,079,133 |
| Bay Future | 501(c)(3) | Bay City, MI | $1,923,474 |
Data update history
October 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 26, 2023
Updated personnel
Identified 3 new personnel
October 23, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donations
General information
- Address
- 1201 15th St NW 200
- Washington, DC 20005
- Metro area
- Washington-Arlington-Alexandria, DC-VA-MD-WV
- Website URL
- pcgloanfund.org/Â
- Phone
- (202) 689-8936
IRS details
- EIN
- 36-4369806
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2000
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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