Nonprofit · EIN 30-0842673
COMMON WEALTH CHARLOTTE
Tax-exempt · CHARLOTTE, NC 28208
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,191,040 | $1,453,173 | -$262,133 | $1,634,934 | $18,444 | $1,616,490 |
| June 30, 2024 | 990 | $1,938,486 | $1,311,513 | $626,973 | $1,894,145 | $15,522 | $1,878,623 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,134,844
- Program service revenue
- $0
- Investment income
- $34,209
- Net income from fundraising events
- $21,987
- Other revenue
- $21,987
Expenses
- Grants and similar amounts paid
- $41,409
- Compensation of officers, directors and key employees
- $144,502
- Other salaries and wages
- $743,806
- Salaries, compensation and benefits (total)
- $1,031,189
- Professional fundraising fees
- $0
- Travel
- $11,564
- Program services (functional)
- $1,111,682
- Management and general (functional)
- $180,571
- Fundraising (functional)
- $160,920
Balance sheet and other
- Total assets, start of year
- $1,894,145
- Total assets, end of year
- $1,634,934
- Total liabilities, end of year
- $18,444
- Net assets, end of year
- $1,616,490
- Net assets without donor restrictions
- $1,237,560
- Net assets with donor restrictions
- $378,930
- Gross receipts
- $1,196,553
- Employees
- 16
- Volunteers
- 200
- Year formed
- 2014
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Chuck Jones | Executive Dir. Officer | 50 | $139,944 | $4,558 |
| Kayla Taylor | Board Chair Trustee or director, Officer | 4 | $0 | $0 |
| Vanessa Hall | Board Secretary Trustee or director, Officer | 4 | $0 | $0 |
| Faye Gaddy | Board Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Barbara Meeks | Director Trustee or director | 2 | $0 | $0 |
| Raquishela Stewart | Director Trustee or director | 2 | $0 | $0 |
| Pamela Hutson | Director Trustee or director | 2 | $0 | $0 |
| Rukiya Kelly | Director Trustee or director | 2 | $0 | $0 |
| Sam Smith | Director Trustee or director | 2 | $0 | $0 |
| Kim Sloat | Director Trustee or director | 2 | $0 | $0 |
| Vanessa Clark | Director Trustee or director | 2 | $0 | $0 |
| Brian Li | Director Trustee or director | 2 | $0 | $0 |
| Amy Jacobs | Secretary Trustee or director | 2 | $0 | $0 |
| Devin Norales | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Chuck Jones | Executive Dir. Officer | 50 | $125,212 | $3,767 |
| Reggie Gaither | Board Chair Trustee or director, Officer | 4 | $0 | $0 |
| Kayla Taylor | Secretary Trustee or director, Officer | 4 | $0 | $0 |
| Patrick Ryan | Treasurer Trustee or director, Officer | 4 | $0 | $0 |
| Raquishela Stewart | Director Trustee or director | 2 | $0 | $0 |
| Rukiya Kelly | Director Trustee or director | 2 | $0 | $0 |
| Barbara Meeks | Director Trustee or director | 2 | $0 | $0 |
| Catherine Etemad | Director Trustee or director | 2 | $0 | $0 |
| Pamela Rudd | Director Trustee or director | 2 | $0 | $0 |
| Pamela Hutson | Director Trustee or director | 2 | $0 | $0 |
| Kim Sloat | Director Trustee or director | 2 | $0 | $0 |
| Andy Jenkins | Director Trustee or director | 2 | $0 | $0 |
| Vanessa Clark | Director Trustee or director | 2 | $0 | $0 |
| Sam Smith | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5301 WILKINSON BLVD, CHARLOTTE, NC 28208-5455
- In care of
- % DARREN ASH
- Principal officer (990 for 2024)
- Chuck Jones, 5301 Wilkinson Blvd, Charlotte, NC 28208
- Signed the 990
- Chuck Jones, Executive Dir.
- Phone
- (980) 636-1262
- Return prepared by
- Foard and Company PA
Mission
To equip low-income wage earners with increased financial capability so they can attain financial stability and decrease reliance on charitable assistance. This is achieved through a trauma-informed approach including education, personalized counseling, access to banking, and no-interest loans.
Program accomplishments
- 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.Expenses $581,648
- 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 served 3,102 individuals with 1,549 filings accounting for $2,150,508 in refunds, and $479,050 in tax preparation savings. It has also delivered $784,176 in federal and state income taxes paid.Expenses $299,146
- 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.Expenses $230,888
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 30-0842673
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $1,634,934
- Income (IRS master file)
- $1,196,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,191,040 | $1,453,173 | $1,634,934 | IRS |
| 990 | June 2024 | $1,938,486 | $1,311,513 | $1,894,145 | XML |
| 990 | June 2023 | $1,153,438 | $1,258,233 | $1,254,720 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 30-0842673).
Questions about COMMON WEALTH CHARLOTTE
- What is the EIN of COMMON WEALTH CHARLOTTE?
- The employer identification number (EIN) of COMMON WEALTH CHARLOTTE is 30-0842673.
- Is COMMON WEALTH CHARLOTTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to COMMON WEALTH CHARLOTTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON WEALTH CHARLOTTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMON WEALTH CHARLOTTE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMON WEALTH CHARLOTTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of COMMON WEALTH CHARLOTTE?
- The 990 for the year ended June 30, 2025 names Chuck Jones.
- Who are the officers and directors of COMMON WEALTH CHARLOTTE?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $139,944 (Chuck Jones, Executive Dir.).
- How much revenue does COMMON WEALTH CHARLOTTE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,191,040, expenses of $1,453,173 and total assets of $1,634,934 at year end.
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