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← COMMIT FOUNDATION

Form 990 for tax year 2024

Filed by COMMIT FOUNDATION.

Totals

Total revenue
$2,647,080
Total expenses
$2,907,222
Contributions and grants received
$2,649,179
Grants paid
$19,500
Program service revenue
$0
Investment income
$10,614
Other revenue
-$12,713
Total assets, end of year
$660,099
Total liabilities, end of year
$74,899
Net assets or fund balances, end of year
$585,200
Program services expenses (Part IX)
$2,372,517
Management and general expenses
$199,254
Fundraising expenses
$335,451
Program service expenses (Part III)
$2,372,517

Program services were 81.6% 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.

  • 1c · Fundraising events

    $1,836

  • 1f · All other contributions, gifts and grants

    $2,647,343

  • 3 · Investment income

    total $10,614 · excluded $10,614

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: contributions included on line 1c

    $1,836

  • 8b · Fundraising events: direct expenses

    $12,713

  • 8c · Net income from fundraising events

    total -$12,713

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $19,500 · program services $19,500

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $322,165 · program services $262,912 · management and general $22,080 · fundraising $37,173

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $869,876 · program services $655,444 · management and general $57,540 · fundraising $156,892

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $68,583 · program services $55,540 · management and general $6,169 · fundraising $6,874

  • 10 · Payroll taxes

    total $99,562 · program services $77,156 · management and general $6,658 · fundraising $15,748

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $948,083 · program services $733,856 · management and general $96,418 · fundraising $117,809

  • 12 · Advertising and promotion

    total $51,129 · program services $51,129

  • 13 · Office expenses

    total $6,414 · program services $6,352 · management and general $62

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $278 · management and general $278

  • 17 · Travel

    total $283,488 · program services $283,488

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $99,147 · program services $96,236 · management and general $2,911

  • 23 · Insurance

    total $2,511 · management and general $2,511

  • 24a · Other expenses: ONLINE PROGRAMMING

    total $84,085 · program services $84,085

  • 24b · Other expenses: LICENSE AND DUES

    total $42,702 · program services $37,205 · management and general $4,602 · fundraising $895

  • 24c · Other expenses: Postage and Shipping

    total $5,129 · program services $5,104 · management and general $25

  • 24d · Other expenses: Printing and Publications

    total $4,570 · program services $4,510 · fundraising $60

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $592,661 · end of year $321,573

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $251,507 · end of year $286,158

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,436 · end of year $19,309

  • 10a · Land, buildings and equipment: cost or other basis

    $27,305

  • 10b · Land, buildings and equipment: accumulated depreciation

    $26,841

  • 10c · Land, buildings and equipment, net

    beginning of year $3,375 · end of year $464

  • 11 · Investments: publicly traded securities

    beginning of year $15,746 · end of year $17,454

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $111,377 · end of year $15,141

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,342 · end of year $74,899

  • 27 · Net assets without donor restrictions

    beginning of year $355,967 · end of year -$289,347

  • 28 · Net assets with donor restrictions

    beginning of year $487,793 · end of year $874,547

Mission and programs · 2024

Mission

THE COMMIT FOUNDATION EMPOWERS THOSE WHO HAVE SERVED AND THEIR FAMILIES TO CREATE PURPOSEFUL AND FULFILLING TRANSITIONS BY PROVIDING PERSONALIZED PROGRAMS, RESOURCES, AND THE SUPPORT OF COMMUNITY.

  • COMMIT'S ONE-ON-ONE TRANSITION ASSISTANCE PROGRAM IS FOUNDED ON THE CONCEPT OF IDENTIFYING EXACTLY WHERE THE VETERAN IS IN THEIR TRANSITION JOURNEY, COACHING THEM THROUGH A SET OF EXERCISES DESIGNED TO HELP THEM DETERMINE WHAT LIVES THEY WANT TO LIVE POST-SERVICE, AND CONNECTING THEM WITH PEOPLE WHO CAN HELP MAKE THE LIFE THEY'VE DESIGNED A REALITY. THESE SERVICES CAN INCLUDE EXECUTIVE COACHING, CAREER COUNSELING, PROFESSIONAL RESUME WRITING, SCHOLARSHIPS FOR SKILLS TRAINING/DEGREE PROGRAMS, AND INTERVIEW PREPARATION.

    Expenses $1,010,050 · Grants $19,500

  • PARTICIPANTS WORK WITH COMMIT FOR MANY MONTHS, RECEIVING INDIVIDUALIZED SERVICES. VETERANS IDENTIFY THEIR VALUES, STRENGTHS AND SKILLS IN ORDER TO FOCUS THEIR CAREER CHOICES. SERVICES INCLUDE EXECUTIVE COACHING, MENTORING SESSIONS, PROFESSIONAL DEVELOPMENT, RESUME ASSISTANCE, INTERVIEW PREPARATION, NETWORKING OPPORTUNITIES, REFERRALS, SCHOLARSHIP ASSISTANCE AND ONLINE PROGRAMMING.

    Expenses $751,583

  • TRANSITION MENTORING WORKSHOPS: IN TRANSITION MENTORING WORKSHOPS, SMALL GROUPS OF TRANSITIONING MILITARY PERSONS COME TOGETHER WITH FACILITATORS AND BUSINESS MENTORS. LED BY PROFESSIONAL FACILITATORS, SERVICE MEMBERS AND VETERANS WORK THROUGH A SERIES OF MODULES FOCUSED ON VALUES, STRENGTHS, CULTURE AND OPPORTUNITIES TO CHANGE PERSPECTIVES AND IMPROVE TRAJECTORIES. REINFORCING INTEGRITY, FAMILY AND THE PASSIONATE PURSUIT OF A MEANINGFUL CAREER, SERVICE MEMBERS AND VETERANS HEAR FROM AND PERSONALLY ENGAGE WITH SUCCESSFULLY TRANSITIONED LEADERS IN THE CIVILIAN WORKFORCE FROM A VARIETY OF INDUSTRIES. WE TAKE A HARD LOOK AT THE INDUSTRIES, INTERESTS AND SKILLS OF WORKSHOP PARTICIPANTS IN ORDER TO ALIGN WORLD CLASS MENTORS FROM SPECIFIC INDUSTRIES, BACKGROUNDS AND LOCATIONS TO PROVIDE GAME CHANGING VALUE.

    Expenses $421,524

  • THE COMMIT FOUNDATIONS MILITARY SPOUSE PROGRAM EMPOWERS MILITARY SPOUSES WITH THE TOOLS, NETWORKS, AND CONFIDENCE TO THRIVE IN THIS TRANSITION. IT HONORS THEIR SERVICE TO OUR COUNTRY AND SUPPORTS THEM AS THEY DISCOVER NEW PATHS FORWARD. THE COMMIT FOUNDATION INSPIRES THOSE WHO SERVE TO UNLOCK THEIR FULL POTENTIAL BY DISCOVERING MEANINGFUL PATHS BEYOND SERVICE, TRANSFORMING ASPIRATIONS INTO PURPOSE-DRIVEN CAREERS AND LIVES. THROUGH TAILORED PROGRAMS AND EXPERT GUIDANCE, COMMIT HELPS FELLOWS EMBRACE THEIR UNIQUE STRENGTHS, VALUES, AND EXPERIENCES, EMPOWERING THEM TO CONFIDENTLY FORGE A NEW IDENTITY THAT ALIGNS PASSION WITH IMPACT. COMMIT CULTIVATES A DYNAMIC, INTERCONNECTED NETWORK OF PEERS, MENTORS, AND LEADERS, CREATING A POWERFUL ECOSYSTEM WHERE VETERANS AND THEIR FAMILIES ARE SUPPORTED, INSPIRED, AND POSITIONED TO THRIVE TOGETHER.

    Expenses $170,765

  • CORPORATE PROGRAMS AIMS TO RAISE AWARENESS AMONG COMMIT'S CORPORATE PARTNERS TO EFFECTIVELY INFLUENCE CULTURES OF BELONGING FOR TRANSITIONING SERVICE MEMBERS IN CORPORATE AMERICA. THIS OUTREACH PROGRAM SERVES TO PROMOTE VETERAN ADVOCACY CORPORATE READINESS.

    Expenses $18,595

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MARGARET RILEY

    COO

    Total calculated
    $176,980
    From this org
    $163,333
    From related orgs
    $0
    Other
    $13,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,333
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,800
    Nontaxable benefits
    $8,847
    Filer's total
    $176,980
  • JC Glick

    CEO

    Total calculated
    $158,333
    From this org
    $158,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,333
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $158,333
  • MICHELE OLIVE

    VP OF ALUMNI

    Total calculated
    $116,642
    From this org
    $103,706
    From related orgs
    $0
    Other
    $12,936
    Hours/week
    40
  • AMY M TAFT

    CSIO

    Total calculated
    $109,019
    From this org
    $100,192
    From related orgs
    $0
    Other
    $8,827
    Hours/week
    40
  • BRIAN RAUCH

    Dir Info Systems

    Total calculated
    $107,434
    From this org
    $104,305
    From related orgs
    $0
    Other
    $3,129
    Hours/week
    40
  • Guy Filippelli

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Mimi Bock

    Director

    Total calculated
    $0
    Hours/week
    1
  • Matt Oberhardt

    Director

    Total calculated
    $0
    Hours/week
    2
  • Thomas Peddicord

    Director

    Total calculated
    $0
    Hours/week
    1
  • Kimberly Greene

    Director

    Total calculated
    $0
    Hours/week
    1
  • Charles Spearman

    Director

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Zucker

    Director

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202532259349301608

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