Totals
- Total revenue
- $653,023
- Total expenses
- $924,143
- Contributions and grants received
- $600,535
- Grants paid
- $0
- Program service revenue
- $41,500
- Investment income
- $10,988
- Other revenue
- $0
- Total assets, end of year
- $529,521
- Total liabilities, end of year
- $33,510
- Net assets or fund balances, end of year
- $496,011
- Program services expenses (Part IX)
- $517,645
- Management and general expenses
- $401,228
- Fundraising expenses
- $5,270
- Program service expenses (Part III)
- $517,645
Program services were 56.0% 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
$600,535
-
2a · Program service revenue: Consulting Fees
total $41,500 · related or exempt $41,500
-
3 · Investment income
total $10,988 · excluded $10,988
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $52,090 · management and general $52,090
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $483,684 · program services $348,709 · management and general $134,975
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $107,644 · program services $82,489 · management and general $25,155
-
10 · Payroll taxes
total $46,545 · program services $30,634 · management and general $15,911
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $25 · management and general $25
-
11c · Fees: accounting
total $38,288 · management and general $38,288
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $3,375 · fundraising $3,375
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $53,924 · program services $1,310 · management and general $52,614
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $65,894 · program services $21,435 · management and general $44,364 · fundraising $95
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $36,000 · program services $30,600 · management and general $3,600 · fundraising $1,800
-
17 · Travel
total $1,910 · program services $1,253 · management and general $657
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,215 · program services $1,215
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $7,852 · management and general $7,852
-
24a · Other expenses: Credit loss expense
total $25,000 · management and general $25,000
-
24b · Other expenses: Other Expenses
total $697 · management and general $697
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,953 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $573,194 · end of year $285,748
-
3 · Pledges and grants receivable
beginning of year $210,645 · end of year $235,598
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,903 · end of year $8,175
-
10a · Land, buildings and equipment: cost or other basis
$81,981
-
10b · Land, buildings and equipment: accumulated depreciation
$81,981
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $30,087 · end of year $33,510
-
25 · Other liabilities
beginning of year $7,477
-
27 · Net assets without donor restrictions
beginning of year $756,535 · end of year $496,011
-
28 · Net assets with donor restrictions
beginning of year $10,596
Mission and programs · 2023
Mission
COMMONWISE EDUCATION, INC WILL PROVIDE ON-LINE EDUCATION AND TRAINING IN THE AREAS OF ENTREPRENEURSHIP,MANAGEMENT, SUSTAINABILITY, ORGANIZATIONAL DEVELOPMENT AND INNOVATION TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, EMPLOYEE AND COOPERATIVELY OWNED BUSINESSES. THESE SERVICES ARE DESIGNED TO INCREASE THE SUCCESS AND VIABILITY OF THESE BUSINESSES.
Activities or mission (Part I)
The Organization coordinates the people, businesses and institutions of the Bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. This network of stakeholders,is known as the Bronx Cooperative Development Initiative (BCDI). Based on a framework of economic democracy, BCDI leverages existing Bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among Bronx residents.
-
In 2023 BCDI supported the development of Bronxwide community planning and business infrastructure for economic democracy. This took the shape of co-leading a Bronxwide community planning coalition through our Policy and Planning team, convening and supporting Bronx anchor purchasers and small businesses through the BronXchange, and educating community leaders on models and projects for deepening shared ownership and shared wealth in our communities through the Economic Democracy Learning Center. A signature piece of BCDIs work is co-leading a coalition of 12 community, faith, and labor organizations for a Bronxwide Plan: a long-term Bronxwide economic development plan grounded in racial justice and economic democracy. In 2023 BCDI continued this multi-year effort by synthesizing 20 community-led economic development projects and concept ideas through an online and offline public engagement campaign. We then convened community leaders from across the borough to develop a rubric to assess the viability of projects to advance further. This led to the development of the Sustainable Economy Partnership, scoped as a multi-million dollar borough-wide initiative to advance environmental resilience, small business, and workforce development aligned to our values.In 2023 the BronXchange continued to provide technical assistance to all of our small business clients. Cooperative succession planning became a new addition to our work. BronXchange partnered with the Women's Housing and Economic Development Corporation (WHEDco) in hosting in-person events focused on connecting Bronx businesses in their catchment area with institutional purchasing opportunities. The events and procurement panels centered small Bronx businesses. We shared lessons learned over a decade in contracting with local businesses.For our learning and education work, we continued to engage educators on pathways to educating for economic democracy from K-12 through higher education. We published a report and article in Nonprofit Quarterly reflecting on the 2022 Economic Democracy Schools Fellowship and continued to support educators to develop curriculum aligned to these principles. For postsecondary educators, teh Teaching Economic Democracy webinars we hosted invited panelists to share ways to incorporate employee ownership, cooperatives, and economic democracy into a class and discipline. Panelists also share their latest resources, materials, and concepts for subjects ranging from business, sociology, and public policy, to urban, labor, and community development.
Expenses $517,645 · Revenue $41,500
As filed on the 2023 return.
Listed in Part VII
-
Michael Partis
Executive Dir.
- Total calculated
- $52,090
- From this org
- $46,142
- From related orgs
- $0
- Other
- $5,948
- Hours/week
- 40
-
Sandra Lobo
President
- Total calculated
- $0
- Hours/week
- 0
-
Dariella Rodriguez
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Nick Iuviene
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Danny Peralta
Member
- Total calculated
- $0
- Hours/week
- 0
-
Daniel White
Member
- Total calculated
- $0
- Hours/week
- 0
-
Kellie Terry
Member
- Total calculated
- $0
- Hours/week
- 0
-
Wanda Salaman
Member
- Total calculated
- $0
- Hours/week
- 0
-
Wendoly Marte
Member
- Total calculated
- $0
- Hours/week
- 0
-
Yorman Nunez
Member
- Total calculated
- $0
- Hours/week
- 0
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
- 9 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442839349300724
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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