Common Fund For Non-Profit Organizations
- Assets
- $4.6b
- Revenue
- $440.0m
- Investments
- $4.4b
- Employees
- 71
- Location
- Wilton, CT
- Founding
- 11/1970
- Data as of
- 06/2021
- EIN
- 23-7037968
Organization Overview
Common Fund For Non-Profit Organizations is located in Wilton, CT. The organization was established in 1970. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Common Fund For Non-Profit Organizations employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Fund For Non-Profit Organizations 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 06/2021, Common Fund For Non-Profit Organizations generated $440.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $27.6m during the year ending 06/2021. 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
TO ENHANCE THE FINANCIAL RESOURCES OF EDUCATIONAL ORGANIZATIONS (DEFINED UNDER SECTION 170(B)(1)(A)(II) & (IV) OF THE IRC)& TO HELP THEM IMPROVE INVESTMENT MANAGEMENT PRACTICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMON FUND FOR NON-PROFIT ORGANIZATIONS ("COMMONFUND") IS A NON-PROFIT CORPORATION, EXEMPT UNDER IRC SECTION 501(F), FORMED TO ENABLE COLLEGES, UNIVERSITIES AND INDEPENDENT SCHOOLS TO JOIN TOGETHER IN OBTAINING PROFESSIONAL MANAGEMENT OF THEIR ENDOWMENTS AND LONG-TERM INVESTMENT FUNDS. PURSUANT TO IRC SECTION 501(F), COMMONFUND IS ORGANIZED AND OPERATED SOLELY TO HOLD, COMMINGLE, AND COLLECTIVELY INVEST AND REINVEST IN STOCKS AND SECURITIES, THE MONEY CONTRIBUTED BY ITS MEMBER SCHOOLS, AND TO COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO ITS MEMBER SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Jp Anson Trustee (ex-Officio) | Trustee | 3 | $0 |
Sharad Samy Secretary & Gen Counsel | Officer | 40 | $1,363,209 |
Dana Moreau Chief Financial Officer & COO | Officer | 40 | $1,112,565 |
Elaine Mizer Paulsen Chief Human Rsrces Officer | Officer | 40 | $550,436 |
Anthony Ialeggio Chief Marketing Officer | 40 | $540,756 | |
Amy P Harlacker Managing Director | 40 | $517,273 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Street Bank Trust Company Custodian Fees | 6/29/22 | $2,223,394 |
Traction Sales Marketing Inc Software Consultants | 6/29/22 | $1,503,348 |
Wellington Management Company Llp Asset Management | 6/29/22 | $1,042,275 |
Marsh Usa Inc Insurance Broker | 6/29/22 | $930,096 |
Income Research And Management Asset Management | 6/29/22 | $699,217 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $34,414,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $377,986,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,043,514 |
| Statement of Expenses | |
|---|---|
| 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. | $4,816,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,439,587 |
| Pension plan accruals and contributions | $472,103 |
| Other employee benefits | $776,944 |
| Payroll taxes | $586,436 |
| Fees for services: Management | $278,243 |
| Fees for services: Legal | $223,267 |
| Fees for services: Accounting | $185,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,229,067 |
| Fees for services: Other | $1,124,194 |
| Advertising and promotion | $329,371 |
| Office expenses | $729,308 |
| Information technology | $1,558,845 |
| Royalties | $0 |
| Occupancy | $1,640,534 |
| Travel | $29,157 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $616,007 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,030 |
| Insurance | $226,041 |
| All other expenses | $0 |
| Total functional expenses | $27,627,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,780,261 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $109,383,595 |
| 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 | $2,644,232 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,404,436,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,333,817 |
| Total assets | $4,612,706,860 |
| Accounts payable and accrued expenses | $142,991,098 |
| 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 | $142,991,098 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,469,715,762 |