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← COMMONWEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by COMMONWEALTH FOUNDATION INC.

Totals

Total revenue
$965,733
Total expenses
$923,431
Contributions and grants received
$888,283
Grants paid
$449,054
Program service revenue
$0
Investment income
$0
Other revenue
$77,450
Total assets, end of year
$396,088
Total liabilities, end of year
$43,806
Net assets or fund balances, end of year
$352,282
Program services expenses (Part IX)
$853,005
Management and general expenses
$70,426
Fundraising expenses
$0
Program service expenses (Part III)
$853,005

Program services were 92.4% 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

    $888,283

  • 11a · Other revenue: CONSULTING INCOME

    total $70,025 · unrelated business $70,025

  • 11b · Other revenue: ROYALTY INCOME

    total $3,925 · unrelated business $3,925

  • 11c · Other revenue: CONTRACT INCOME

    total $3,500 · unrelated business $3,500

  • 11e · Other revenue, total

    $77,450

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $207,604 · program services $207,604

  • 2 · Grants to domestic individuals

    total $241,450 · program services $241,450

  • 11a · Fees: management

    total $3,417 · management and general $3,417

  • 11b · Fees: legal

    total $17,152 · management and general $17,152

  • 11c · Fees: accounting

    total $18,065 · management and general $18,065

  • 11g · Fees: other

    total $369,158 · program services $369,158

  • 12 · Advertising and promotion

    total $3,643 · program services $3,643

  • 13 · Office expenses

    total $42,953 · program services $21,871 · management and general $21,082

  • 16 · Occupancy

    total $10,710 · management and general $10,710

  • 17 · Travel

    total $5,518 · program services $5,518

  • 24a · Other expenses: RESEARCH

    total $3,761 · program services $3,761

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $343,555 · end of year $396,088

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,575 · end of year $43,806

  • 27 · Net assets without donor restrictions

    beginning of year $309,980 · end of year -$18,717

  • 28 · Net assets with donor restrictions

    end of year $370,999

Mission and programs · 2024

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 $853,005 · Grants $449,054

As filed on the 2024 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 Tanaka

    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

  • NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • DARK FOREST LLC

    $24,998

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

  • HISTORIANS FOR PEACE AND DEMOCRACY

    $8,762

    NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202523219349321572

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