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Nonprofiteer
← COMMON FUTURE

Form 990 for tax year 2024

Filed by COMMON FUTURE.

Totals

Total revenue
$5,785,475
Total expenses
$8,013,919
Contributions and grants received
$4,619,664
Grants paid
$680,000
Program service revenue
$0
Investment income
$1,119,558
Other revenue
$46,253
Total assets, end of year
$17,404,567
Total liabilities, end of year
$484,732
Net assets or fund balances, end of year
$16,919,835
Program services expenses (Part IX)
$5,473,531
Management and general expenses
$2,069,299
Fundraising expenses
$471,089
Program service expenses (Part III)
$5,473,531

Program services were 68.3% 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

    $4,619,664

  • 3 · Investment income

    total $235,471 · excluded $235,471

  • 6a · Gross rents

    real property $2,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $2,000

  • 6d · Net rental income or loss

    total $2,000 · excluded $2,000

  • 7a · Gross sales of assets other than inventory

    securities $3,029,098

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

    securities $2,145,011

  • 7c · Gain or loss

    securities $884,087

  • 7d · Net gain or loss

    total $884,087 · excluded $884,087

  • 11a · Other revenue: OTHER INCOME

    total $44,253 · excluded $44,253

  • 11e · Other revenue, total

    $44,253

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $680,000 · program services $680,000

  • 5 · Compensation of officers, directors and key employees

    total $671,091 · program services $335,546 · management and general $167,772 · fundraising $167,773

  • 7 · Other salaries and wages

    total $3,641,333 · program services $2,443,299 · management and general $1,070,074 · fundraising $127,960

  • 8 · Pension plan contributions

    total $164,237 · program services $110,088 · management and general $48,238 · fundraising $5,911

  • 9 · Other employee benefits

    total $495,219 · program services $323,384 · management and general $143,245 · fundraising $28,590

  • 10 · Payroll taxes

    total $385,009 · program services $248,753 · management and general $110,683 · fundraising $25,573

  • 11c · Fees: accounting

    total $168,480 · program services $102,648 · management and general $56,430 · fundraising $9,402

  • 11g · Fees: other

    total $623,797 · program services $396,689 · management and general $192,297 · fundraising $34,811

  • 12 · Advertising and promotion

    total $2,090 · program services $1,273 · management and general $700 · fundraising $117

  • 13 · Office expenses

    total $20,901 · program services $11,088 · management and general $6,239 · fundraising $3,574

  • 14 · Information technology

    total $234,882 · program services $143,104 · management and general $78,670 · fundraising $13,108

  • 16 · Occupancy

    total $50,945 · program services $33,508 · management and general $5,943 · fundraising $11,494

  • 17 · Travel

    total $273,779 · program services $105,499 · management and general $131,214 · fundraising $37,066

  • 19 · Conferences, conventions and meetings

    total $15,018 · program services $3,285 · management and general $11,302 · fundraising $431

  • 23 · Insurance

    total $21,045 · program services $4,607 · management and general $15,834 · fundraising $604

  • 24a · Other expenses: PARTNERSHIP EXPENSES

    total $509,435 · program services $509,435

  • 24b · Other expenses: PROFESSIONAL DEVELOPMEN

    total $23,115 · program services $16,608 · management and general $2,885 · fundraising $3,622

  • 24c · Other expenses: DUES, FEES & SUBSCRIPTI

    total $18,610 · program services $4,074 · management and general $14,002 · fundraising $534

  • 24d · Other expenses: MISCELLANEOUS

    total $14,933 · program services $643 · management and general $13,771 · fundraising $519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,449,284 · end of year $3,007,604

  • 2 · Savings and temporary cash investments

    beginning of year $5,940,419 · end of year $6,202,437

  • 3 · Pledges and grants receivable

    beginning of year $1,359,000 · end of year $1,201,990

  • 7 · Other notes and loans receivable

    beginning of year $150,000 · end of year $150,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $29,166 · end of year $46,276

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

    $3,160

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

    $3,160

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $5,912,173 · end of year $6,796,260

  • 17 · Accounts payable and accrued expenses

    beginning of year $671,763 · end of year $484,732

  • 18 · Grants payable

    beginning of year $20,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $17,569,279 · end of year $15,316,037

  • 28 · Net assets with donor restrictions

    beginning of year $1,579,000 · end of year $1,603,798

Mission and programs · 2024

Mission

COMMON FUTURE IS A NETWORK OF PIONEERING LEADERS ACROSS THE U.S. AND CANADA WHO WORK DEEPLY WITHIN THEIR COMMUNITIES TO CREATE ALTERNATIVE APPROACHES TO BUSINESS, PHILANTHROPY, AND INVESTING. WE ENVISION AN ECONOMY THAT HAS TRANSITIONED FROM THE EXTRACTIVE ACCUMULATION OF WEALTH AND CENTRALIZATION OF POWER TO ONE THAT REDISTRIBUTES WEALTH, DEMOCRATIZES POWER, AND SHIFTS ECONOMIC CONTROL TO MARGINALIZED COMMUNITIES.

  • PROJECT INCUBATION WE INCUBATE PROJECTS THAT HAVE THE POTENTIAL TO DRASTICALLY TRANSFORM CAPITAL DISTRIBUTION AND WEALTH OWNERSHIP. BY FORGING COLLABORATIVES WITH LIKE-MINDED ORGANIZATIONS, WE BUILD UPON OUR SHARED NETWORKS TO BRING NEW MODELS TO LIFE.

    Expenses $2,051,525 · Grants $680,000

  • LEADERSHIP AND FIELD BUILDING BY BRINGING TOGETHER FELLOWS, FUNDERS, AND OTHER KEY PLAYERS IN THE ECONOMY, COMMON FUTURE HAS BUILT A UNIQUE NETWORK THAT IS POISED TO LEARN TOGETHER; FORGE NEW COLLABORATIONS; PROVIDE REAL FINANCIAL OPPORTUNITIES THROUGH GRANTMAKING AND CAPITAL PRODUCTS; AND ELEVATE THIS WORK TO MAINSTREAM ACTORS IN PHILANTHROPY, INVESTING, AND POLICY TO INFLUENCE ECONOMIC SYSTEMS.

    Expenses $2,143,628

  • CAPITAL INTERMEDIATION OUR WORK AS AN INTERMEDIARY HAS THREE PRINCIPAL AIMS: REDISTRIBUTE CAPITAL TO COMMUNITY LEADERS. PILOT NEW TYPES OF FLEXIBLE FINANCING THAT BETTER SERVE THEIR NEEDS. CREATE A NEW ASSET CLASS TAILORED TO THESE COMMUNITIES THAT CAN SCALE AND ATTRACT CAPITAL ON ITS OWN.

    Expenses $1,278,378

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

Listed in Part VII

  • Meadow Didier

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jorge Blandon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Nikki Pieratos

    DIRECTOR (ENDED 03/2024)

    Total calculated
    $0
    Hours/week
    3

  • Danielle Torain Victor

    DIRECTOR (AS OF 09/2024)

    Total calculated
    $0
    Hours/week
    3

  • Jennifer Njuguna

    CO-CEO

    Total calculated
    $218,333
    From this org
    $209,265
    From related orgs
    $0
    Other
    $9,068
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $208,765
    Bonus
    $500
    Other
    $0
    Deferred
    $9,068
    Nontaxable benefits
    $0
    Filer's total
    $218,333

  • Sandhya Nakhasi

    CO-CEO

    Total calculated
    $222,722
    From this org
    $205,434
    From related orgs
    $0
    Other
    $17,288
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $205,434
    Bonus
    $0
    Other
    $0
    Deferred
    $9,068
    Nontaxable benefits
    $8,220
    Filer's total
    $222,722

  • Jessica Feingold

    CO-CEO

    Total calculated
    $230,036
    From this org
    $205,748
    From related orgs
    $0
    Other
    $24,288
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $205,748
    Bonus
    $0
    Other
    $0
    Deferred
    $9,068
    Nontaxable benefits
    $15,220
    Filer's total
    $230,036

  • Allison Jones

    VP OF BRAND AND STORYTELLING

    Total calculated
    $156,240
    From this org
    $142,946
    From related orgs
    $0
    Other
    $13,294
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,946
    Bonus
    $0
    Other
    $0
    Deferred
    $5,937
    Nontaxable benefits
    $7,357
    Filer's total
    $156,240

  • Joann Wagner

    VP OF PEOPLE OPERATIONS

    Total calculated
    $157,386
    From this org
    $141,752
    From related orgs
    $0
    Other
    $15,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,252
    Bonus
    $500
    Other
    $0
    Deferred
    $6,300
    Nontaxable benefits
    $9,334
    Filer's total
    $157,386

  • Tyra Edmond

    VP OF FINANCE

    Total calculated
    $172,209
    From this org
    $157,680
    From related orgs
    $0
    Other
    $14,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,680
    Bonus
    $0
    Other
    $0
    Deferred
    $6,198
    Nontaxable benefits
    $8,331
    Filer's total
    $172,209

  • Marissa Guananja

    VP OF IMPACT INITIATIVES

    Total calculated
    $167,941
    From this org
    $152,195
    From related orgs
    $0
    Other
    $15,746
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,195
    Bonus
    $0
    Other
    $0
    Deferred
    $4,567
    Nontaxable benefits
    $11,179
    Filer's total
    $167,941

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE BOARDS EXECUTIVE COMMITTEE DETERMINES THE CEO'S COMPENSATION. THE BOARDS EXECUTIVE COMMITTEE COMPARES THE COMPENSATION STUDY WITH THE CEO SALARIES OF SIMILAR ORGANIZATIONS. THE LAST COMPENSATION STUDY WAS PERFORMED DECEMBER 2024.
PART I, LINE 7
JENNIFER NJUGUNA AND JOANN WAGNER EACH RECEIVED A NON-FIXED DISCRETIONARY BONUS IN THE AMOUNT OF $500.

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

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

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.

  • COMMUNITY CREDIT LAB

    501(C)(3) · EQUITABLE ACCESS TO ECONOMIC OPPORTUNITIES · WA · controlled entity

    Directly controlled by COMMON FUTURE

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CF IMPACT CAPITAL MANAGER LLC

    BIPOC ENTREPRENEURSHIP LOANS · DE · income $0 · assets $0

    Directly controlled by COMMON FUTURE

  • CF CBL FUND LLC

    BIPOC ENTREPRENEURSHIP LOANS · DE · income $0 · assets $0

    Directly controlled by COMMON FUTURE

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513189349302451

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

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