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Nonprofiteer
← COMMONWEALTH CARES FUND INC

Form 990 for tax year 2023

Filed by COMMONWEALTH CARES FUND INC.

Totals

Total revenue
$535,073
Total expenses
$412,737
Contributions and grants received
$491,403
Grants paid
$396,522
Program service revenue
$0
Investment income
$43,670
Other revenue
$0
Total assets, end of year
$1,512,766
Total liabilities, end of year
$55,000
Net assets or fund balances, end of year
$1,457,766
Program services expenses (Part IX)
$396,522
Management and general expenses
$16,215
Fundraising expenses
$0
Program service expenses (Part III)
$396,522

Program services were 96.1% 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

    $491,403

  • 1g · Noncash contributions included above

    $366,151

  • 3 · Investment income

    total $40,080 · excluded $40,080

  • 7a · Gross sales of assets other than inventory

    securities $434,554

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

    securities $430,964

  • 7c · Gain or loss

    securities $3,590

  • 7d · Net gain or loss

    total $3,590 · excluded $3,590

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $396,522 · program services $396,522

  • 11c · Fees: accounting

    total $13,700 · management and general $13,700

  • 24a · Other expenses: FILING FEES

    total $2,515 · management and general $2,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,166

  • 2 · Savings and temporary cash investments

    beginning of year $430,200

  • 11 · Investments: publicly traded securities

    beginning of year $868,886 · end of year $390,074

  • 12 · Investments: other securities

    end of year $1,120,526

  • 18 · Grants payable

    beginning of year $50,000 · end of year $55,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,249,036 · end of year $1,456,766

  • 28 · Net assets with donor restrictions

    beginning of year $50 · end of year $1,000

Mission and programs · 2023

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.

  • 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. DURING 2023, 156 ORGANIZATIONS RECEIVED GRANTS.

    Expenses $396,522 · Grants $396,522

As filed on the 2023 return.

Listed in Part VII

  • Wayne Bloom

    CHAIRMAN/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paula O'Shaughnessy

    SECRETARY/BOARD MEMBER (THROUGH OCT 2023)

    Total calculated
    $0
    Hours/week
    0.5

  • Joni Youngwirth

    PRESIDENT/BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • 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

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

Provenance

Return type
form_990
Tax year
2023
Filed
19 September 2024
IRS schema version
2023v5.1
Source object
202442639349301204

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