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← COMMERCIAL CLUB FOUNDATION

Form 990 for tax year 2022

Filed by COMMERCIAL CLUB FOUNDATION.

Totals

Total revenue
$6,183,004
Total expenses
$5,615,868
Contributions and grants received
$6,026,500
Grants paid
$5,186,665
Program services expenses (Part IX)
$5,336,733
Management and general expenses
$71,450
Fundraising expenses
$207,685
Program service expenses (Part III)
$5,336,733

Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KELLY R WELSH THRU 0722

    DIRECTOR/PRESIDENT

    Total calculated
    $362,781
    From this org
    $6,673
    From related orgs
    $327,009
    Other
    $29,099
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $6,542 + $320,581 related
    Bonus
    $0
    Other
    $131 + $6,428 related
    Deferred
    $290 + $14,210 related
    Nontaxable benefits
    $292 + $14,307 related
    Filer's total
    $7,255 + $355,526 related

  • MICHAEL O'GRADY

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JENNIFER SCANLON

    DIRECTOR/VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DEREK RB DOUGLAS

    DIRECTOR/PRESIDENT (AS OF 08/22)

    Total calculated
    $649,951
    From this org
    $57,403
    From related orgs
    $516,626
    Other
    $75,922
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $30,932 + $278,386 related
    Bonus
    $16,123 + $145,107 related
    Other
    $10,348 + $93,133 related
    Deferred
    $7,500 + $67,500 related
    Nontaxable benefits
    $92 + $830 related
    Filer's total
    $64,995 + $584,956 related

  • SCOTT SWANSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • JAY L HENDERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CORDELIA C MEYER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $445,898
    From this org
    $30,645
    From related orgs
    $377,961
    Other
    $37,292
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $29,723 + $366,584 related
    Bonus
    $0
    Other
    $922 + $11,377 related
    Deferred
    $1,088 + $13,413 related
    Nontaxable benefits
    $1,709 + $21,082 related
    Filer's total
    $33,442 + $412,456 related

  • SUZANNE FISHER

    VP, FINANCE & ADMIN

    Total calculated
    $209,383
    From this org
    $17,215
    From related orgs
    $154,941
    Other
    $37,227
    Hours/week
    2 + 30 related

    Schedule J breakdown matched by us

    Base
    $17,046 + $153,416 related
    Bonus
    $0
    Other
    $169 + $1,525 related
    Deferred
    $1,025 + $9,228 related
    Nontaxable benefits
    $2,697 + $24,277 related
    Filer's total
    $20,937 + $188,446 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 — 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

  • 8 · Paid under the initial-contract exception
  • 9 · Followed the rebuttable-presumption procedure

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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
ESTABLISH COMPENSATION THE FOUNDATION EMPLOYEES ARE COMPENSATED THROUGH A COMMON PAYMASTER BY A RELATED ORGANIZATION. THE FOUNDATION REIMBURSES THE RELATED ORGANIZATION FOR ITS ALLOCATED SALARY EXPENSE. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION FOR ALL EMPLOYEES: A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD AND COMPENSATION COMMITTEE.
SCHEDULE J, PART I, LINE 8
FIXED PAYMENTS ASSOCIATED WITH THE CONTRACT ENTERED INTO WITH THE PRESIDENT ARE SUBJECT TO THE INITIAL CONTRACT EXCEPTION. THE TERMS OF THE CONTRACT WERE NEGOTIATED AT AN ARM'S LENGTH AND THE PRESIDENT WAS NOT A DISQUALIFIED PERSON IMMEDIATELY PRIOR TO ENTERING INTO THE INITIAL CONTRACT.

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 December 2023
IRS schema version
2022v5.0
Source object
202313529349300631

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

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