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Nonprofiteer
← COMMONWEALTH FOUNDATION INC

Form 990 for tax year 2023

Filed by COMMONWEALTH FOUNDATION INC.

Totals

Total revenue
$753,540
Total expenses
$914,045
Contributions and grants received
$683,515
Grants paid
$429,843
Program service revenue
$0
Investment income
$0
Other revenue
$70,025
Total assets, end of year
$343,555
Total liabilities, end of year
$33,575
Net assets or fund balances, end of year
$309,980
Program services expenses (Part IX)
$861,206
Management and general expenses
$52,839
Fundraising expenses
$0
Program service expenses (Part III)
$861,206

Program services were 94.2% 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

    $683,515

  • 11a · Other revenue: CONSULTING INCOME

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

  • 11e · Other revenue, total

    $70,025

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $282,343 · program services $282,343

  • 2 · Grants to domestic individuals

    total $147,500 · program services $147,500

  • 11c · Fees: accounting

    total $26,805 · management and general $26,805

  • 11g · Fees: other

    total $370,765 · program services $370,765

  • 12 · Advertising and promotion

    total $3,060 · program services $3,060

  • 13 · Office expenses

    total $27,114 · program services $10,620 · management and general $16,494

  • 16 · Occupancy

    total $9,540 · management and general $9,540

  • 17 · Travel

    total $36,377 · program services $36,377

  • 24a · Other expenses: EDITORIAL FEES

    total $10,541 · program services $10,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $471,085 · end of year $343,555

  • 3 · Pledges and grants receivable

    beginning of year $50,200 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,800 · end of year $33,575

  • 27 · Net assets without donor restrictions

    beginning of year $420,485 · end of year $309,980

  • 28 · Net assets with donor restrictions

    beginning of year $50,000 · end of year $0

Mission and programs · 2023

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 $861,206 · Grants $429,843

As filed on the 2023 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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433199349304268

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