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← COMMONWEALTH FOUNDATION INC

Form 990 for tax year 2022

Filed by COMMONWEALTH FOUNDATION INC.

Totals

Total revenue
$858,134
Total expenses
$925,887
Contributions and grants received
$836,402
Grants paid
$592,151
Program service revenue
$21,732
Investment income
$0
Other revenue
$0
Total assets, end of year
$471,285
Total liabilities, end of year
$50,800
Net assets or fund balances, end of year
$420,485
Program services expenses (Part IX)
$839,071
Management and general expenses
$86,816
Fundraising expenses
$0
Program service expenses (Part III)
$839,071

Program services were 90.6% 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

    $836,402

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $21,732 · related or exempt $21,732

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $592,151 · program services $592,151

  • 11b · Fees: legal

    total $2,746 · management and general $2,746

  • 11c · Fees: accounting

    total $58,796 · management and general $58,796

  • 11g · Fees: other

    total $146,614 · program services $146,614

  • 12 · Advertising and promotion

    total $9,336 · program services $9,336

  • 13 · Office expenses

    total $18,294 · management and general $18,294

  • 16 · Occupancy

    total $6,880 · management and general $6,880

  • 17 · Travel

    total $13,771 · program services $13,771

  • 24a · Other expenses: EDITORIAL FEES

    total $76,999 · program services $76,999

  • 24b · Other expenses: DUES

    total $200 · program services $200

  • 24c · Other expenses: FEES AND LICENSES

    total $100 · program services $0 · management and general $100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $414,537 · end of year $471,085

  • 3 · Pledges and grants receivable

    beginning of year $75,000 · end of year $200

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,300 · end of year $50,800

  • 27 · Net assets without donor restrictions

    beginning of year $142,493 · end of year $6,234

  • 28 · Net assets with donor restrictions

    beginning of year $345,744 · end of year $414,251

Mission and programs · 2022

Mission

RESEARCH AND EDUCATION ABOUT PUBLIC POLICY ISSUES.

Activities or mission (Part I)

RESEARCH AND EDUCATION ABOUT PUBLIC POLICY ISSUES

  • RESEARCH AND EDUCATION ABOUT PUBLIC POLICY ISSUES.

    Expenses $839,071 · Grants $592,151 · Revenue $21,732

As filed on the 2022 return.

Listed in Part VII

  • Richard Healey

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Charlene Sinclair

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Tanake

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jonathan Smucker

    DIRECTOR

    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

  • COMMON DEFENSE

    $191,070

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • RICHMOND PROGRESSIVE ALLIANCE

    $127,661

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • PA STANDS UP EDUCATION FUND

    $100,620

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • POPULAR COMMONS INSTITUTE

    $54,000

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • ALISSA ROMANOW

    $49,500

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • DANIEL MORAFF

    $19,800

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349318145

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