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Nonprofiteer
← 501 COMMONS

Form 990 for tax year 2022

Filed by 501 COMMONS.

Totals

Total revenue
$7,078,220
Total expenses
$21,543,334
Contributions and grants received
$3,826,451
Grants paid
$15,704,922
Program service revenue
$3,121,296
Investment income
$130,473
Other revenue
$0
Total assets, end of year
$124,125,139
Total liabilities, end of year
$42,302,585
Net assets or fund balances, end of year
$81,822,554
Program services expenses (Part IX)
$20,736,290
Management and general expenses
$782,528
Fundraising expenses
$24,516
Program service expenses (Part III)
$20,736,290

Program services were 96.3% 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.

  • 1e · Government grants (contributions)

    $437,083

  • 1f · All other contributions, gifts and grants

    $3,389,368

  • 1g · Noncash contributions included above

    $105,401

  • 2a · Program service revenue: SUPPORT SERVICES

    total $2,826,164 · related or exempt $2,826,164

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $295,132 · related or exempt $295,132

  • 3 · Investment income

    total $130,473 · excluded $130,473

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $15,704,922 · program services $15,704,922

  • 5 · Compensation of officers, directors and key employees

    total $189,258 · program services $165,508 · management and general $23,205 · fundraising $545

  • 7 · Other salaries and wages

    total $3,488,355 · program services $3,146,348 · management and general $331,360 · fundraising $10,647

  • 8 · Pension plan contributions

    total $54,250 · program services $24,358 · management and general $29,892

  • 9 · Other employee benefits

    total $245,958 · program services $110,768 · management and general $135,125 · fundraising $65

  • 10 · Payroll taxes

    total $335,571 · program services $306,736 · management and general $27,784 · fundraising $1,051

  • 11b · Fees: legal

    total $34,048 · program services $33,838 · management and general $210

  • 11c · Fees: accounting

    total $16,600 · management and general $16,600

  • 11d · Fees: lobbying

    total $19,607 · program services $19,607

  • 11g · Fees: other

    total $807,879 · program services $784,474 · management and general $17,117 · fundraising $6,288

  • 12 · Advertising and promotion

    total $13,573 · program services $7,873 · fundraising $5,700

  • 13 · Office expenses

    total $40,675 · program services $37,017 · management and general $3,658

  • 14 · Information technology

    total $136,023 · program services $119,742 · management and general $16,281

  • 16 · Occupancy

    total $115,957 · program services $22,560 · management and general $93,397

  • 17 · Travel

    total $22,696 · program services $22,677 · management and general $19

  • 19 · Conferences, conventions and meetings

    total $24,026 · program services $23,380 · management and general $646

  • 22 · Depreciation, depletion and amortization

    total $15,837 · program services $4,257 · management and general $11,580

  • 23 · Insurance

    total $41,428 · program services $19,858 · management and general $21,570

  • 24a · Other expenses: IN-KIND GOODS

    total $105,401 · program services $105,401

  • 24b · Other expenses: TAXES, LICENSES, AND FE

    total $69,174 · program services $67,900 · management and general $1,274

  • 24c · Other expenses: MISCELLANEOUS

    total $62,096 · program services $9,066 · management and general $52,810 · fundraising $220

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,742,572 · end of year $1,440,670

  • 2 · Savings and temporary cash investments

    beginning of year $388,712 · end of year $283,757

  • 3 · Pledges and grants receivable

    beginning of year $18,490 · end of year $6,456,487

  • 4 · Accounts receivable

    beginning of year $337,634 · end of year $21,479,082

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,434 · end of year $104,929

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

    $355,206

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

    $99,893

  • 10c · Land, buildings and equipment, net

    beginning of year $17,808 · end of year $255,313

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $94,104,901

  • 14 · Intangible assets

    beginning of year $8,930 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,063,019 · end of year $833,253

  • 18 · Grants payable

    beginning of year $0 · end of year $35,609,055

  • 19 · Deferred revenue

    beginning of year $57,564 · end of year $5,860,277

  • 27 · Net assets without donor restrictions

    beginning of year $1,188,408 · end of year $81,599,267

  • 28 · Net assets with donor restrictions

    beginning of year $226,589 · end of year $223,287

Mission and programs · 2022

Mission

WE ALL RISE WHEN NONPROFITS THRIVE. AT 501 COMMONS WE SERVE NONPROFITS AS EXPERTS, INNOVATORS, AND PARTNERS. OUR PASSION IS TO AMPLIFY THE STRENGTHS OF NONPROFITS - SO ALL PEOPLE AND COMMUNITIES FLOURISH.

  • 501 COMMONS SERVES AS THE PROGRAM ADMINISTRATOR FOR WASHINGTON OPPORTUNITY SCHOLORSHIP. WSOS REMOVES BARRIERS TO EDUCATION AND HELPS WASHINGTON STUDENTS FORGE THEIR PATH TO HIGH-DEMAND STEM, HEALTH CARE, AND TRADE CAREERS IN WASHINGTON STATE. OPPORTUNITY SCHOLARS RECEIVE FINANCIAL ASSISTANCE, CAREER TRAINING, AND MENTORSHIP SERVICES THAT UNIQUELY POSITION THEM TO MEET OUR STATE'S WORKFORCE SHORTAGES. 70% OF PARTICIPANTS ARE SCHOLARS OF COLOR, 57% ARE WOMEN ARE NONBINARY, AND 67% ARE FIRST GENERATION SCHOLARS.

    Expenses $17,082,776 · Grants $15,704,922

  • OUR TECHNOLOGY PROGRAMS INCLUDE IT INFRASTRUCTURE, CYBERSECURITY, AND DATA SOLUTIONS. DATA SOLUTIONS WORKED ON 54 DATABASE DEVELOPMENT AND MAINTENANCE PROJECTS WITH 34 ORGANIZATIONS. IT INFRASTRUCTURE WORKED ON 114 PROJECTS OR ONGOING IT MANAGED SERVICES WITH 69 ORGANIZATIONS.ORGANIZATIONS RECEIVING MANAGED SERVICES HAVE THE BENEFITS OF ONGOING BACKUP, ANTIVIRUS, AND MONITORING THE SECURITY OF THEIR NETWORKS. THESE SERVICES ALLOW NONPROFITS OF ALL TYPES AND SIZES KEEP THEIR DATA SAFE, WORK EFFICIENTLY, COMMUNICATE EFFECTIVELY, AND TRACK RELATIONSHIPS AND RESULTS.

    Expenses $1,494,713 · Revenue $1,150,611

  • IN 2022, OUR FINANCIAL SERVICES PROGRAM PROVIDED 235 ACCOUNTING, TAX, AND CONSULTING ENGAGEMENTS TO 148 ORGANIZATIONS. HAVING PROFESSIONAL FINANCIAL SERVICES AT AFFORDABLE RATES PROVIDES OUR CLIENTS WITH THE FINANCIAL DATA THEY NEED TO MAKE SOUND MANAGEMENT DECISIONS AND ALLOWS THEM TO FOCUS ON THEIR MISSION. BUDGETS, FINANCIAL REPORTS, AND TAX RETURNS THAT MEET PROFESSIONAL STANDARDS ARE A BASELINE REQUIREMENT FOR EFFECTIVE FUNDRAISING.

    Expenses $557,873 · Revenue $779,044

  • IN 2022, 1500 NONPROFITS PARTICIPATED ON WASHINGTON GIVES, OUR YEAR-ROUND FUNDRAISING PLATFORM. IN 2022 DONORS, EMPLOYER MATCHING, MEDIA PARTNERS, SPONSORS, AND BUSINESS CHAMPIONS CONTRIBUTED $14 MILLION DURING GIVEBIG, GIVINGTUESDAY, AND THE REST OF THE YEAR. OUR MANAGEMENT SERVICES INCLUDES HR, COACHING, EXECUTIVE ADVISING, FUNDRAISING GUIDANCE, AND MANAGEMENT CONSULTING. BIPOC-LED ORGANIZATIONS PARTICIPATED IN NEXT LEVEL, AN ACTION LEARNING PROGRAM THAT PARTNERS EXECUTIVES WITH AN EXPERIENCED BIPOC LEADER. ADDITIONALLY, 20 BIPOC-LED ORGANIZATIONS RECEIVED FREE SERVICES. MANAGEMENT CONSULTING PROVIDED 115 SERVICES TO 104 ORGANIZATIONS. MANY MANAGEMENT CONSULTING SERVICES ARE PROVIDED BY SKILLED VOLUNTEERS WHO ARE MEMBERS OF OUR EXECUTIVE SERVICE CORPS, WHO DONATE TIME WORTH $391,993. FREE NONPROFIT ADVISORY SERVICES WERE PROVIDED TO 304 ORGANIZATIONS. OVER 1000 PEOPLE PARTICIPATING IN LEARNING SESSIONS.

    Expenses $1,600,928 · Revenue $1,191,641

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Long

    EXECUTIVE DIRECTOR

    Total calculated
    $134,310
    From this org
    $128,151
    From related orgs
    $0
    Other
    $6,159
    Hours/week
    40

  • Kimber Conners

    WSOS EXECUTIVE DIR

    Total calculated
    $54,948
    From this org
    $49,613
    From related orgs
    $0
    Other
    $5,335
    Hours/week
    40

  • Richard Starnes

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Alicia Yamamoto

    BOARD VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Miller

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Frank Hagel

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Greg Dietzel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Rita Ryder

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Ivan Lee

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sally Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Jim Yearby

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Marc Garcia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Chris McClincy Resigned 723

    BOARD MEMBER

    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349326587

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