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Nonprofiteer
← COMMONBOND ENDOWMENT FOUNDATION

Form 990 for tax year 2023

Filed by COMMONBOND ENDOWMENT FOUNDATION.

Totals

Total revenue
$1,351,905
Total expenses
$32,127
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$1,351,905
Other revenue
$0
Total assets, end of year
$12,852,132
Total liabilities, end of year
$717,258
Net assets or fund balances, end of year
$12,134,874
Program services expenses (Part IX)
$30,479
Management and general expenses
$1,648
Fundraising expenses
$0
Program service expenses (Part III)
$30,479

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.

  • 3 · Investment income

    total $424,669 · excluded $424,669

  • 7a · Gross sales of assets other than inventory

    securities $5,430,263

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

    securities $4,503,027

  • 7c · Gain or loss

    securities $927,236

  • 7d · Net gain or loss

    total $927,236 · excluded $927,236

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,648 · management and general $1,648

  • 11g · Fees: other

    total $30,479 · program services $30,479

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $11,460,037 · end of year $12,852,132

  • 17 · Accounts payable and accrued expenses

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

  • 25 · Other liabilities

    beginning of year $696,610 · end of year $712,258

  • 27 · Net assets without donor restrictions

    beginning of year $12,088 · end of year $4,392,973

  • 28 · Net assets with donor restrictions

    beginning of year $10,746,339 · end of year $7,741,901

Mission and programs · 2023

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 $30,479

As filed on the 2023 return.

Listed in Part VII

  • Deidre Schmidt

    DIRECTOR

    Total calculated
    $319,388
    From this org
    $0
    From related orgs
    $297,474
    Other
    $21,914
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,474 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,914 related
    Filer's total
    $0 + $319,388 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
    $214,273
    From this org
    $0
    From related orgs
    $195,428
    Other
    $18,845
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,428 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,845 related
    Filer's total
    $0 + $214,273 related

  • Eric Lind

    DIRECTOR

    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
    $209,437
    From this org
    $0
    From related orgs
    $195,469
    Other
    $13,968
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,469 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,968 related
    Filer's total
    $0 + $209,437 related

  • Karen Law

    EXECUTIVE VP OF TALENT EQ, AND CULTURE

    Total calculated
    $195,638
    From this org
    $0
    From related orgs
    $182,224
    Other
    $13,414
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,224 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,414 related
    Filer's total
    $0 + $195,638 related

  • Thomas Adams

    EXECUTIVE VP OF HOUSING SERVICE

    Total calculated
    $221,406
    From this org
    $0
    From related orgs
    $202,488
    Other
    $18,918
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,488 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,918 related
    Filer's total
    $0 + $221,406 related

  • Michael Lang

    CHIEF INFORMATION OFFICER

    Total calculated
    $201,126
    From this org
    $0
    From related orgs
    $178,577
    Other
    $22,549
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,577 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,549 related
    Filer's total
    $0 + $201,126 related

  • Teresa Harrington

    HR DIRECTOR/CHIEF DIVERSITY OFFICER

    Total calculated
    $166,125
    From this org
    $0
    From related orgs
    $144,505
    Other
    $21,620
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $144,505 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,620 related
    Filer's total
    $0 + $166,125 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.

  • COMMONBOND HOUSING CORPORATION

    C · AFFORDABLE HOUSING · MN

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2024
IRS schema version
2023v5.1
Source object
202432349349301423

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