NonprofitsCommon Wealth Development Inc

Community Improvement & Capacity Building

Common Wealth Development Inc

MADISON, WI

Total revenue

$4.6M

Total expenses

$4.4M

Net assets

$4.0M

Grants received

$1.1M

24 grants

EIN

391323500

Tax year

2024

Mission

To support and preserve the vitality of neighborhoods in the madison metropolitan area.

Programs

1 program

Economic development consists of adult and youth workforce development and management of two business incubators. Cwd 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.

Expenses: $1.4MGrants: $28K

Financials

FY 2024

Revenue

Contributions & grants$1.8M
Program service revenue$2.7M
Investment income$67K
Other revenue
Total revenue$4.6M

Expenses

Grants paid$34K
Salaries & benefits$1.8M
Fundraising$13K
Other expenses$2.5M
Total expenses$4.4M
Total assets$17.7M
Net assets$4.0M

People

11 listed

NameRoleCompensation

JUSTICE CASTANEDA

EXECUTIVE DIRECTOR

Board

$109K

40 hrs/wk

STEFAN DAVIDSON

FINANCE DIRECTOR

Board

$83K

40 hrs/wk

CONNOR SABATINO

TREASURER

Board

1 hrs/wk

BETH WELCH

SECRETARY

Board

1 hrs/wk

ROBERT PAOLINO

DIRECTOR

Board

1 hrs/wk

VANESSA KUETTEL

PRESIDENT

Board

1 hrs/wk

JOCELYN ACUNA

DIRECTOR

Board

1 hrs/wk

ALLISON BELL BURN

DIRECTOR

Board

1 hrs/wk

AUTUMN NEUGENT

DIRECTOR (THRU JUNE)

Board

1 hrs/wk

RUDY MOORE

DIRECTOR

Board

1 hrs/wk

BEN LEROY

VICE PRESIDENT

Board

1 hrs/wk

Independent contractors

TC CARPET CARE

CUSTODIAL SERVICES

$110K

Grants received

Showing 24 of 24

FromAmountPurposeYear
$250K
UNRESTRICTED FUNDS FOR HOUSING
2024
$50K
UNRESTRICTED FUNDS FOR ADULT ECONOMIC OPPORTUNITY
2024
$49K
Building Electrification
2024
$13K
GENERAL SUPPORT
2024
$375
TIBETAN STUDENTS SCHOLARSHIP FUND & TIBETAN CHILDREN'S HOME
2024
$200K
UNRESTRICTED GRANT (HOUSING)
2023
$17K
GENERAL SUPPORT
2023
$15K
Youth Mentoring
2023
$14K
For grant recipient's exempt purposes
2023
$200K
HOUSING (UNRESTRICTED)
2022
$16K
GENERAL SUPPORT
2022
$11K
For grant recipient's exempt purposes
2022
$10K
Youth Mentoring
2022
$50K
HOUSING (UNRESTRICTED)
2021
$13K
For grant recipient's exempt purposes
2021
$13K
For grant recipient's exempt purposes
2021
$50K
TO SUPPORT CAPACITY BUILDING.
2020
$25K
CHARITABLE
2020
$14K
GENERAL SUPPORT
2020
$12K
General Support
2020
$400
TO FUND APPROVED PUBLIC CHARITIES
2020
$15K
For grant recipient's exempt purposes
2019
$17K
general support
2018
$7K
For grant recipient's exempt purposes
2018

Funded by

$1.1M from 9 funders · 24 grants · 2018–2024

The Roots And Wings Foundation Inc

$750K · 6 grants · 2021–2024

Community Shares Of Wisconsin Inc

$78K · 5 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$73K · 6 grants · 2018–2023

Schlecht Family Foundation Inc

$50K · 1 grant · 2020

Elevate Energy

$49K · 1 grant · 2024

Trustage Foundation Inc

$25K · 1 grant · 2020

Marquette Neighborhood Association

$25K · 2 grants · 2022–2023

Paypal Charitable Giving Fund

$12K · 1 grant · 2020

Details

EIN391323500
NTEE codeS31Z
Subsection03
Ruling date1979-05
Formed1979
Employees0
Volunteers58
COMMON WEALTH DEVELOPMENT INC — Mission, Financials & Grants Received | Grantivo