Commonwealth Foundation Inc
- Assets
- $489.5k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Berkeley, CA
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 22-2543558
Organization Overview
Commonwealth Foundation Inc is located in Berkeley, CA. The organization was established in 1985. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Foundation Inc 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 12/2021, Commonwealth Foundation Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 40.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND EDUCATION ABOUT PUBLIC POLICY ISSUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND EDUCATION ABOUT PUBLIC POLICY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Healey Chair | OfficerTrustee | 1 | $0 |
Aaron Tanake Secretary | OfficerTrustee | 0.5 | $0 |
Charlene Sinclair Director | Trustee | 0.5 | $0 |
Jonathan Smucker Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beyond The Choir Partners With Social Justice Organization To Craft Resonant Messaging And Plan Strategic Campaigns. | 12/30/18 | $311,105 |
Center For Economic Democracy Advances Visions And Practices For A Just And Sustainable World. | 12/30/18 | $115,487 |
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 | $1,440,880 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,440,880 |
| Total Program Service Revenue | $20,250 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,461,130 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250,352 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,104 |
| Fees for services: Accounting | $3,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,351 |
| Advertising and promotion | $5,122 |
| Office expenses | $1,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,640 |
| Travel | $1,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $865 |
| Total functional expenses | $1,400,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,537 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $489,537 |
| Accounts payable and accrued expenses | $1,300 |
| Grants payable | $0 |
| 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 | $1,300 |
| Net assets without donor restrictions | $142,493 |
| Net assets with donor restrictions | $345,744 |
| 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 | $489,537 |
Grants Awarded
Over the last fiscal year, Commonwealth Foundation Inc has awarded $1,250,352 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Lancaster, PA PURPOSE: NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION. | $522,572 |
COMMON DEFENSE PURPOSE: NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION. | $507,632 |
Richmond, VA PURPOSE: NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION. | $180,548 |
BLACK PROGRESSIVE ACTION COALITION PURPOSE: NO RESTRICTIONS GIVEN, GENERAL CONTRIBUTION. | $39,600 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Commonwealth Foundation Inc has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
One World Fund Tr Andover, MA PURPOSE: STRATEGY PROJECT DIRECTED BY LISSY ROMANOW | $50,000 |
One World Fund Tr Andover, MA PURPOSE: FOR THE PROJECT ON NEOLIBERALISM AND DEMOCRACY | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Grove Institute Foundation Inc Murrieta, CA | $29,102,821 | $23,083,215 |
Taco Bell Foundation Inc Irvine, CA | $32,895,109 | $23,910,509 |
Albina Head Start Inc Portland, OR | $22,611,624 | $19,457,720 |
Orbis Cascade Alliance Portland, OR | $8,013,554 | $17,694,791 |
Albert Einstein Academies San Diego, CA | $21,189,771 | $17,379,077 |
Prospect Sierra School El Cerrito, CA | $31,201,283 | $16,565,547 |
Options Counseling Services Of Oregon Eugene, OR | $12,586,092 | $15,957,358 |
Transitions - Mental Health Association San Luis Obispo, CA | $15,943,493 | $14,891,475 |
International Myeloma Foundation Studio City, CA | $20,383,236 | $17,434,390 |
Open Networking Foundation Palo Alto, CA | $9,261,912 | $16,468,416 |
Sonoma Valley Community Health Center Sonoma, CA | $15,645,180 | $13,937,473 |
After-School All-Stars Los Angeles, CA | $10,011,535 | $13,148,528 |