EIN 30-0842673

Common Wealth Associates

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
2014
Most recent tax filings
2023-06-01
Description
Common Wealth Associates equips low-income wage earners with financial capability through trauma-informed education and counseling in NC.
Also known as...
Common Wealth Charlotte
Total revenues
$1,153,438
2023
Total expenses
$1,258,233
2023
Total assets
$1,254,720
2023
Num. employees
12
2023

Program areas at Common Wealth Associates

Financial literacy education, including workshops and certified one-to-one credit counseling focused on creating and reviewing a balanced spending plan, a deep dive into credit reports, identifying strategic pay-off of debt items, recognizing the high cost of predatory financial products, and rebanking at non-predatory financial institutions.
Provide emergency short-term, unsecured low-interest loans to clients who have high barriers to mainstream financial services, and provide banking or rebanking with partner financial institutions.
VITA Latino exists to build relationships within the Latinx community, laying foundations which lead to trust-based counseling and easier access to reliable credit union services. VITA Latino has to date accounted for over $400,000 in refunds and $125,000 in tax preparation savings.

Who funds Common Wealth Associates

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Lendingtree FoundationSupport$125,000
Merancas FoundationFinancial Education and Access To No$100,000
The Bank of America Charitable FoundationProgram/operating Support$33,000
...and 14 more grants received

Personnel at Common Wealth Associates

NameTitleCompensation
Chuck JonesExecutive Director$127,449
Mary Served CwcDirector of Financial Education
Harry ServesDirector of Client Engagement
Mary QuinnDirector of Financial Education
Yuly Rodriguez YulyDirector of Housinglink, and Led
...and 9 more key personnel

Financials for Common Wealth Associates

RevenuesFYE 06/2023
Total grants, contributions, etc.$1,135,905
Program services$0
Investment income and dividends$17,533
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,153,438

Form 990s for Common Wealth Associates

Fiscal year endingDate received by IRSFormPDF link
2023-062023-10-17990View PDF
2022-062022-11-07990View PDF
2021-062022-03-02990View PDF
2021-062022-02-04990View PDF
2020-062021-04-12990View PDF
...and 4 more Form 990s
Data update history
September 21, 2024
Received grants
Identified 7 new grant, including a grant for $100,000 from Merancas Foundation
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $5,000 from Houston Family Foundation
December 30, 2023
Received grants
Identified 4 new grant, including a grant for $125,000 from The Lendingtree Foundation
December 3, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 2, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Human service organizationsFamily service centersCharities
Issues
EducationHuman services
Characteristics
State / local levelManagement and technical assistanceCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
5301 Wilkinson Blvd
Charlotte, NC 28208
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Mecklenburg County, NC
Website URL
commonwealthcharlotte.org/ 
Phone
(980) 636-1262
IRS details
EIN
30-0842673
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2014
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P50: Personal Social Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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