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Nonprofiteer
← COMMONBOND ENDOWMENT FOUNDATION

Form 990 for tax year 2022

Filed by COMMONBOND ENDOWMENT FOUNDATION.

Totals

Total revenue
$636,029
Total expenses
$29,981
Contributions and grants received
$7,000
Grants paid
$0
Program service revenue
$0
Investment income
$629,029
Other revenue
$0
Total assets, end of year
$11,460,037
Total liabilities, end of year
$701,610
Net assets or fund balances, end of year
$10,758,427
Program services expenses (Part IX)
$28,456
Management and general expenses
$1,525
Fundraising expenses
$0
Program service expenses (Part III)
$28,456

Program services were 94.9% 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

    $7,000

  • 3 · Investment income

    total $497,731 · excluded $497,731

  • 7a · Gross sales of assets other than inventory

    securities $822,890

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

    securities $691,592

  • 7c · Gain or loss

    securities $131,298

  • 7d · Net gain or loss

    total $131,298 · excluded $131,298

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 11g · Fees: other

    total $28,456 · program services $28,456

  • 24a · Other expenses: MISC LICENSES, TAXES AN

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $14,217,592 · end of year $11,460,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,571 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $702,085 · end of year $696,610

  • 27 · Net assets without donor restrictions

    beginning of year $5,042 · end of year $12,088

  • 28 · Net assets with donor restrictions

    beginning of year $13,503,894 · end of year $10,746,339

Mission and programs · 2022

Mission

COMMONBOND ENDOWMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO SOLICIT GRANTS AND CONTRIBUTIONS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES.

Activities or mission (Part I)

TO SOLICIT GRANTS & CONTRIBUTIONS TO BENEFIT COMMONBOND COMMUNITIES.

  • SOLICITED GRANTS AND CONTRIBUTIONS AND MANAGED CONTRIBUTED FUNDS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES.

    Expenses $28,456

As filed on the 2022 return.

Listed in Part VII

  • DEIDRE SCHMIDT

    PRESIDENT & CEO

    Total calculated
    $317,103
    From this org
    $0
    From related orgs
    $296,586
    Other
    $20,517
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,586 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,989 related
    Nontaxable benefits
    $0 + $11,528 related
    Filer's total
    $0 + $317,103 related

  • CINDY KOCH

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JAMAL ADAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANGELA RILEY

    CFO OF COMMONBOND

    Total calculated
    $209,305
    From this org
    $0
    From related orgs
    $191,412
    Other
    $17,893
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,412 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,028 related
    Nontaxable benefits
    $0 + $10,865 related
    Filer's total
    $0 + $209,305 related

  • KAREN GRIES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC LIND

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SEAN RICE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JENNIFER THAO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EVA STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CECILE BEDOR

    EXECUTIVE VP OF REAL ESTATE

    Total calculated
    $197,800
    From this org
    $0
    From related orgs
    $183,576
    Other
    $14,224
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,576 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,576 related
    Nontaxable benefits
    $0 + $7,648 related
    Filer's total
    $0 + $197,800 related

  • KAREN LAW

    EXECUTIVE VP OF TALENT EQ AND CULTURE

    Total calculated
    $171,564
    From this org
    $0
    From related orgs
    $156,055
    Other
    $15,509
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,055 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,684 related
    Nontaxable benefits
    $0 + $9,825 related
    Filer's total
    $0 + $171,564 related

  • THOMAS ADAMS

    EXECUTIVE VP OF HOUSING SERVICE

    Total calculated
    $210,064
    From this org
    $0
    From related orgs
    $192,283
    Other
    $17,781
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,283 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,921 related
    Nontaxable benefits
    $0 + $10,860 related
    Filer's total
    $0 + $210,064 related

  • MICHAEL LANG

    CHIEF INFORMATION OFFICER

    Total calculated
    $188,146
    From this org
    $0
    From related orgs
    $170,385
    Other
    $17,761
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $170,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,244 related
    Nontaxable benefits
    $0 + $11,517 related
    Filer's total
    $0 + $188,146 related

  • DEREK MADSEN

    EXECUTIVE VP OF RESOURCE DEVELOPMENT

    Total calculated
    $116,355
    From this org
    $0
    From related orgs
    $104,280
    Other
    $12,075
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $104,280 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,537 related
    Nontaxable benefits
    $0 + $9,538 related
    Filer's total
    $0 + $116,355 related

  • MICHELE MYERS

    DIRECTOR OF PROPERTY MANAGEMENT

    Total calculated
    $108,604
    From this org
    $0
    From related orgs
    $101,059
    Other
    $7,545
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $101,059 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,028 related
    Nontaxable benefits
    $0 + $517 related
    Filer's total
    $0 + $108,604 related

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 · Compensation survey or study
  • 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 June 2023
IRS schema version
2022v5.0
Source object
202301779349301300

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