Commonwealth Charitable Management Inc
- Assets
- $27.7m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Montrose, PA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 30-0011355
Organization Overview
Commonwealth Charitable Management Inc is located in Montrose, PA. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Commonwealth Charitable Management Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Charitable Management 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 Charitable Management Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 17.0% 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
GRANT AWARDS TO CHARITABLE PROGRAMS AND ORGANIZATIONS IN THE ENDLESS MOUNTAINS AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT AWARDS TO CHARITABLE PROGRAMS AND ORGANIZATIONS IN THE ENDLESS MOUNTAINS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cristine Clayton Executive Di | $135,551 | ||
Ken Goody Treasurer | Officer | $0 | |
Jill Swingle Secretary | Officer | $0 | |
Earle Wootton Chairman | Officer | $0 | |
William Lewis Vice Chairma | Officer | $0 | |
Peter Quigg President | Officer | $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 | $5,809,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,809,667 |
| Total Program Service Revenue | $996,576 |
| Investment income | $521,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $13,738 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,028,727 |
| Net Income from Fundraising Events | $1,179 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,442,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,924,430 |
| 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 | $413,164 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,021 |
| Fees for services: Management | $90,301 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,839 |
| Advertising and promotion | $21,225 |
| Office expenses | $15,660 |
| Information technology | $12,301 |
| Royalties | $0 |
| Occupancy | $29,217 |
| Travel | $107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,622 |
| Insurance | $7,147 |
| All other expenses | $1,047 |
| Total functional expenses | $4,962,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,408,713 |
| 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 | $2,248,677 |
| Investments—publicly traded securities | $21,973,753 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,284 |
| Total assets | $27,658,427 |
| Accounts payable and accrued expenses | $4,211 |
| 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 | $600,000 |
| Other liabilities | $0 |
| Total liabilities | $604,211 |
| Net assets without donor restrictions | $1,818,570 |
| Net assets with donor restrictions | $25,235,646 |
| 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 | $27,658,427 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Commonwealth Charitable Management Inc has recieved totaling $72,691.
| Awarding Organization | Amount |
|---|---|
Northwest Charitable Foundation Warren, PA PURPOSE: EVER-FI - ENGAGE | $36,270 |
Northwest Charitable Foundation Warren, PA PURPOSE: ENGAGE - INDIANA (1 OF 3) | $18,710 |
1990 John H And Emma P Van Gorden Crut Pittsburgh, PA PURPOSE: GENERAL OPERATING | $17,700 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundations Of The Hudson Valley Poughkeepsie, NY | $96,104,226 | $20,607,422 |
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
Community Foundation Of Herkimer And Oneida Counties Inc Utica, NY | $207,402,752 | $30,922,448 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |