Commonwealth Cares Fund Inc
- Assets
- $1.5m
- Revenue
- $535.1k
- Investments
- $1.1m
- Employees
- 0
- Location
- Waltham, MA
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 27-3144318
Organization Overview
Commonwealth Cares Fund Inc is located in Waltham, MA. The organization was established in 2010. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Cares Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Commonwealth Cares Fund Inc has awarded 65 individual grants totaling $1,475,747. 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
COMMONWEALTH CARES PROVIDES CONTRIBUTIONS OF TIME, TALENT, AND FINANCIAL SUPPORT TO A WIDE RANGE OF PHILANTHROPIC EFFORTS AIMED AT RELIEVING HUMAN SUFFERING, PROMOTING SOCIAL AND ECONOMIC GROWTH, AND SUSTAINING AND PROTECTING OUR PLANET'S RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH GRANTS EACH YEAR, CCF SUPPORTS A WIDE RANGE OF PHILANTHROPIC EFFORTS WHEREVER AND WHENEVER OUR HELP IS NEEDED MOST. OUR COMMITMENT TO FINANCIAL TRANSPARENCY ENSURES THAT 100% OF EVERY DOLLAR DONATED IS DIRECTLY CHANNELED TO THOSE IN NEED. DURING 2023, 156 ORGANIZATIONS RECEIVED GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Bloom Chairman/board Member | OfficerTrustee | 1 | $0 |
Paula O'shaughnessy Secretary/board Member (through Oct 2023) | OfficerTrustee | 0.5 | $0 |
Joni Youngwirth President/board Member | OfficerTrustee | 2 | $0 |
Heather Zack Treasurer/board Member | OfficerTrustee | 0.5 | $0 |
Jessica Fougere Board Member | Trustee | 0.5 | $0 |
Amy Pagano Board Member | Trustee | 0.5 | $0 |
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 | $491,403 |
| Noncash contributions included in lines 1a–1f | $366,151 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $491,403 |
| Total Program Service Revenue | $0 |
| Investment income | $40,080 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,073 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $396,522 |
| 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 | $0 |
| Fees for services: Accounting | $13,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,515 |
| Total functional expenses | $412,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $390,074 |
| Investments—other securities | $1,120,526 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,512,766 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $55,000 |
| 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 | $55,000 |
| Net assets without donor restrictions | $1,456,766 |
| Net assets with donor restrictions | $1,000 |
| 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 | $1,512,766 |
Grants Awarded
Over the last fiscal year, Commonwealth Cares Fund Inc has awarded $245,110 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: UNRESTRICTED | $61,810 |
BENTLEY UNIVERSITY PURPOSE: UNRESTRICTED | $50,000 |
CONNECTICUT CHILDRENS MEDICAL CENTER FOUNDATION INC PURPOSE: UNRESTRICTED | $10,000 |
HOPE FOR UKRAINE PURPOSE: UNRESTRICTED | $14,800 |
HOMEBOY INDUSTRIES PURPOSE: UNRESTRICTED | $75,000 |
DANBURY GRASSROOTS ACADEMY PURPOSE: UNRESTRICTED | $6,500 |