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Nonprofiteer
← COMMONWEALTH CARES FUND INC

Form 990 for tax year 2022

Filed by COMMONWEALTH CARES FUND INC.

Totals

Total revenue
$422,824
Total expenses
$350,468
Contributions and grants received
$404,121
Grants paid
$329,801
Program service revenue
$0
Investment income
$18,703
Other revenue
$0
Total assets, end of year
$1,299,086
Total liabilities, end of year
$50,000
Net assets or fund balances, end of year
$1,249,086
Program services expenses (Part IX)
$329,801
Management and general expenses
$20,667
Fundraising expenses
$0
Program service expenses (Part III)
$329,801

Program services were 94.1% 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

    $404,121

  • 1g · Noncash contributions included above

    $330,364

  • 3 · Investment income

    total $28,357 · unrelated business $0 · excluded $28,357

  • 7a · Gross sales of assets other than inventory

    securities $1,430,146

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

    securities $1,439,800

  • 7c · Gain or loss

    securities -$9,654

  • 7d · Net gain or loss

    total -$9,654 · related or exempt $0 · unrelated business $0 · excluded -$9,654

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $329,801 · program services $329,801

  • 11c · Fees: accounting

    total $19,620 · program services $0 · management and general $19,620 · fundraising $0

  • 24a · Other expenses: Filing Fees

    total $1,047 · program services $0 · management and general $1,047 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $455,365 · end of year $430,200

  • 11 · Investments: publicly traded securities

    beginning of year $905,298 · end of year $868,886

  • 18 · Grants payable

    beginning of year $75,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,285,663 · end of year $1,249,036

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $50

Mission and programs · 2022

Mission

Commonwealth Cares provides contributions of time, talent, and financial support to a wide range of philanthropic efforts aimed at relieving human suffering, promoting social and economic growth, and sustaining and protecting our planet's resources.

  • GRANTS PAID TO NONPROFIT ORGANIZATIONS IN 2022.

    Expenses $329,801 · Grants $329,801

As filed on the 2022 return.

Listed in Part VII

  • Wayne Bloom

    CHAIRMAN/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula O'Shaughnessy

    SECRETARY AND BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Joni Youngwirth

    PRESIDENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Heather Zack

    TREASURER/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jessica Fougere

    BOARD MEMBER

    Total calculated
    $0

  • Amy Pagano

    BOARD MEMBER

    Total calculated
    $0

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303179349304410

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

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