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Nonprofiteer
← COMMONWEALTH CARES FUND INC

Form 990 for tax year 2024

Filed by COMMONWEALTH CARES FUND INC.

Totals

Total revenue
$661,396
Total expenses
$621,304
Contributions and grants received
$591,081
Grants paid
$594,391
Program service revenue
$0
Investment income
$70,315
Other revenue
$0
Total assets, end of year
$1,636,043
Total liabilities, end of year
$95,000
Net assets or fund balances, end of year
$1,541,043
Program services expenses (Part IX)
$594,391
Management and general expenses
$26,913
Fundraising expenses
$0
Program service expenses (Part III)
$594,391

Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $591,081

  • 1g · Noncash contributions included above

    $379,122

  • 3 · Investment income

    total $47,200 · excluded $47,200

  • 7a · Gross sales of assets other than inventory

    securities $676,256

  • 7b · Less cost or other basis and sales expenses

    securities $653,141

  • 7c · Gain or loss

    securities $23,115

  • 7d · Net gain or loss

    total $23,115 · excluded $23,115

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $594,391 · program services $594,391

  • 11c · Fees: accounting

    total $23,810 · management and general $23,810

  • 24a · Other expenses: FILING FEES

    total $3,103 · management and general $3,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,166 · end of year $858

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $329,239

  • 11 · Investments: publicly traded securities

    beginning of year $390,074 · end of year $349,832

  • 12 · Investments: other securities

    beginning of year $1,120,526 · end of year $956,114

  • 18 · Grants payable

    beginning of year $55,000 · end of year $95,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,456,766 · end of year $1,541,043

  • 28 · Net assets with donor restrictions

    beginning of year $1,000 · end of year $0

Mission and programs · 2024

Mission

COMMONWEALTH CARES FUND, INC. IS A 501(C)(3) NON-PROFIT ORGANIZATION CREATED TO MAXIMIZE THE IMPACT OF OUR MANY AND VARIED EFFORTS TO GIVE BACK TO THE COMMUNITIES IN WHICH WE WORK, LIVE AND VISIT.

Activities or mission (Part I)

OUR PHILANTHROPIC EFFORTS ARE FOCUSED ON IMPROVING LIVES ACROSS MANY CATEGORIES, BUT NOT LIMITED TO, HUMAN SERVICES, HEALTH, EDUCATION, ANIMAL WELFARE, VETERANS, ENVIRONMENTAL AND ARTS/CULTURE.

  • THROUGH GRANTS EACH YEAR, CCF SUPPORTS A WIDE RANGE OF PHILANTHROPIC EFFORTS WHEREVER AND WHENEVER OUR HELP IS NEEDED MOST. OUR COMMITMENT TO FINANCIAL TRANSPARENCY ENSURES THAT 100% OF EVERY DOLLAR DONATED IS DIRECTLY CHANNELED TO THOSE IN NEED.

    Expenses $594,391 · Grants $594,391

As filed on the 2024 return.

Listed in Part VII

  • Wayne Bloom

    CHAIRMAN/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Heather Zack

    TREASURER/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Fougere

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Amy Pagano

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Beth Favaloro

    EXEC. DIR/BOD MEMBER-SINCE 10/2024

    Total calculated
    $0
    Hours/week
    3

  • Joni Youngwirth - Former

    EXEC. DIR/BOD MEMBER-THROUGH 6/2024

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202523039349300442

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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