Totals
- Total revenue
- $635,827
- Total expenses
- $653,141
- Contributions and grants received
- $592,104
- Grants paid
- $0
- Program service revenue
- $41,692
- Investment income
- $0
- Other revenue
- $2,031
- Total assets, end of year
- $26,425
- Total liabilities, end of year
- $43,739
- Net assets or fund balances, end of year
- -$17,314
- Program services expenses (Part IX)
- $472,177
- Management and general expenses
- $143,921
- Fundraising expenses
- $37,043
- Program service expenses (Part III)
- $472,177
Program services were 72.3% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$592,104
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: SPONSORSHIP
total $41,692 · related or exempt $41,692 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: CASH BACK REWARDS
total $2,031 · related or exempt $2,031 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,031
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $55,000 · program services $22,000 · management and general $16,500 · fundraising $16,500
-
7 · Other salaries and wages
total $135,036 · program services $74,661 · management and general $47,595 · fundraising $12,780
-
9 · Other employee benefits
total $20,489 · program services $9,562 · management and general $7,512 · fundraising $3,415
-
10 · Payroll taxes
total $16,589 · program services $7,906 · management and general $6,247 · fundraising $2,436
-
11b · Fees: legal
total $1,830 · program services $0 · management and general $1,830 · fundraising $0
-
11c · Fees: accounting
total $19,976 · program services $0 · management and general $19,976 · fundraising $0
-
11g · Fees: other
total $341,298 · program services $304,083 · management and general $35,963 · fundraising $1,252
-
13 · Office expenses
total $390 · program services $0 · management and general $390 · fundraising $0
-
14 · Information technology
total $52,881 · program services $51,665 · management and general $1,216 · fundraising $0
-
17 · Travel
total $1,723 · program services $1,723 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $545 · program services $545 · management and general $0 · fundraising $0
-
20 · Interest
total $5,436 · program services $0 · management and general $5,436 · fundraising $0
-
23 · Insurance
total $1,130 · program services $0 · management and general $1,130 · fundraising $0
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $818 · program services $32 · management and general $126 · fundraising $660
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $19,559
-
4 · Accounts receivable
end of year $5,000
-
9 · Prepaid expenses and deferred charges
end of year $1,866
-
17 · Accounts payable and accrued expenses
end of year $43,739
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year -$17,314
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
THE FINANCIAL COMMONS-A NATIONAL PEER-LED NETWORK-SUPPORTS A COMMUNITY OF NONPROFIT FINANCE LEADERS AND OTHERS TO SHARE KNOWLEDGE, IDEAS, AND EXPERIENCES. IT ALSO SUPPORTS THOSE WITH MUTUAL INTEREST IN ACTING AS ADVOCATES.
-
GENERAL PROGRAMS - THE NONPROFIT FINANCIAL COMMONS IS AN ONLINE RESOURCE WHERE NONPROFIT LEADERS CAN HONE THEIR FINANCIAL STRATEGY AND MANAGEMENT SKILLS IN WAYS THAT ARE IMMEDIATELY USEFUL AND TAILORED TO CONTEXT NO MATTER THE SIZE, LOCATION OR FIELD OF ENDEAVOR. THE VENUE, WHICH IS ENTIRELY ONLINE, ALLOWS NONPROFIT LEADERS TO MAKE WISE FINANCIAL CHOICES AND AVOID COSTLY MISTAKES, THROUGH ENSURING THAT THE INFORMATION THEY RECEIVE HAS BEEN INFORMED, TESTED IN PRACTICE AND EVALUATED BY NONPROFIT PEERS. THE PROGRAM INCLUDES MONTHLY PARTICIPATORY ONLINE EVENTS ON CURRENT TOPICS, A NEWSLETTER, DISCUSSION FORUM AND A CURATED LIBRARY OF RESOURCES INCLUDING VIDEOS OF PAST EVENTS, WRITTEN MATERIALS AND TOOLS. NFC IS BUILT AROUND KNOWLEDGE BUILT THROUGH EXPERIENCE, BUT IT ALSO ATTEMPTS TO ADVANCE THAT KNOWLEDGE AT THE CUTTING EDGE OF PRACTICE. NFC CENTERS THE EXPERIENCES OF GROUPS THAT REPRESENT MARGINALIZED POPULATIONS TO ENSURE BROAD INCLUSIVITY.
Expenses $472,177 · Revenue $41,692
As filed on the 2023 return.
Listed in Part VII
-
Marvin WebbMARVIN WEBB
EXECUTIVE DIRECTOR
- Total calculated
- $41,293
- From this org
- $41,293
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
David RenzDAVID RENZ
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Carlo CuestaCARLO CUESTA
SECRETARY & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Lissette RodriguezLISSETTE RODRIGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Vernetta WalkerVERNETTA WALKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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
- 2023
- Filed
- 19 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202540529349300534
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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