Common Future
- Assets
- $19.8m
- Revenue
- $5.3m
- Investments
- $5.9m
- Employees
- 49
- Location
- Oakland, CA
- Founding
- 10/2005
- Data as of
- 12/2023
- EIN
- 20-1544255
Organization Overview
Common Future is located in Oakland, CA. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Common Future employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Future is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Common Future generated $5.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $10.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Common Future has awarded 79 individual grants totaling $4,817,571. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
COMMON FUTURE IS A NETWORK OF PIONEERING LEADERS ACROSS THE U.S. AND CANADA WHO WORK DEEPLY WITHIN THEIR COMMUNITIES TO CREATE ALTERNATIVE APPROACHES TO BUSINESS, PHILANTHROPY, AND INVESTING. WE ENVISION AN ECONOMY THAT HAS TRANSITIONED FROM THE EXTRACTIVE ACCUMULATION OF WEALTH AND CENTRALIZATION OF POWER TO ONE THAT REDISTRIBUTES WEALTH, DEMOCRATIZES POWER, AND SHIFTS ECONOMIC CONTROL TO MARGINALIZED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL INTERMEDIATION OUR WORK AS AN INTERMEDIARY HAS THREE PRINCIPAL AIMS: REDISTRIBUTE CAPITAL TO COMMUNITY LEADERS. PILOT NEW TYPES OF FLEXIBLE FINANCING THAT BETTER SERVE THEIR NEEDS. CREATE A NEW ASSET CLASS TAILORED TO THESE COMMUNITIES THAT CAN SCALE AND ATTRACT CAPITAL ON ITS OWN.
PROJECT INCUBATION WE INCUBATE PROJECTS THAT HAVE THE POTENTIAL TO DRASTICALLY TRANSFORM CAPITAL DISTRIBUTION AND WEALTH OWNERSHIP. BY FORGING COLLABORATIVES WITH LIKE-MINDED ORGANIZATIONS, WE BUILD UPON OUR SHARED NETWORKS TO BRING NEW MODELS TO LIFE.
LEADERSHIP AND FIELD BUILDING BY BRINGING TOGETHER FELLOWS, FUNDERS, AND OTHER KEY PLAYERS IN THE ECONOMY, COMMON FUTURE HAS BUILT A UNIQUE NETWORK THAT IS POISED TO LEARN TOGETHER; FORGE NEW COLLABORATIONS; PROVIDE REAL FINANCIAL OPPORTUNITIES THROUGH GRANTMAKING AND CAPITAL PRODUCTS; AND ELEVATE THIS WORK TO MAINSTREAM ACTORS IN PHILANTHROPY, INVESTING, AND POLICY TO INFLUENCE ECONOMIC SYSTEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Chang Co-Chair | OfficerTrustee | 3 | $0 |
Miriam Warren Co-Chair | OfficerTrustee | 3 | $0 |
Meadow Didier Treasurer | OfficerTrustee | 3 | $0 |
Jorge Blandn Director | Trustee | 3 | $0 |
Nikki Pieratos Director | Trustee | 3 | $0 |
Rodney Foxworth CEO (to 6/23), Secretary | OfficerTrustee | 40 | $177,919 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Next Street Financial | 12/30/20 | $862,750 |
Prosperity Labs | 12/30/20 | $101,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,756,502 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,756,502 |
| Total Program Service Revenue | $340,000 |
| Investment income | $252,139 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,000 |
| Net Gain/Loss on Asset Sales | -$212,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,307,221 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $477,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,000,743 |
| Compensation of current officers, directors, key employees. | $203,777 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,600,481 |
| Pension plan accruals and contributions | $126,716 |
| Other employee benefits | $297,288 |
| Payroll taxes | $366,946 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $115,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $932,265 |
| Advertising and promotion | $49,607 |
| Office expenses | $119,693 |
| Information technology | $248,484 |
| Royalties | $0 |
| Occupancy | $117,163 |
| Travel | $264,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,332 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,219 |
| Insurance | $15,054 |
| All other expenses | $10,278 |
| Total functional expenses | $10,336,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,449,284 |
| Savings and temporary cash investments | $5,940,419 |
| Pledges and grants receivable | $1,359,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,912,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,840,042 |
| Accounts payable and accrued expenses | $671,763 |
| Grants payable | $20,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $691,763 |
| Net assets without donor restrictions | $17,569,279 |
| Net assets with donor restrictions | $1,579,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,840,042 |
Grants Awarded
Over the last fiscal year, Common Future has awarded $477,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AAA OF CDFI CEOS PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $25,000 |
CIHUAPACTLI COLLECTIVE PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $25,000 |
COMMUNITY LABOR UNITED INC PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $30,000 |
SOCIAL GOOD FUND INC PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $25,000 |
HOZHONIGO CONSULTING LLC PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $25,000 |
MISSOURI WORKERS POWER PURPOSE: GRANT FOR BUSINESS SUPPORT ORGANIZATION | $36,000 |