Commonwealth Policy Center Inc
- Assets
- $157.4k
- Revenue
- $275.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Frankfort, KY
- Founding
- Data as of
- 12/2023
- EIN
- 45-4795746
Organization Overview
Commonwealth Policy Center Inc is located in Frankfort, KY. As of 12/2023, Commonwealth Policy Center Inc employed 2 individuals. Commonwealth Policy Center Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Commonwealth Policy Center Inc generated $275.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $268.3k during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMONWEALTH POLICY CENTER IS DEDICATED TO PRESERVING THE BEDROCK VALUES OF LIFE, MARRIAGE AND FISCAL RESPONSIBILITY IN THE COMMONWEALTH OF KENTUCKY. IT AFFIRMS AS STATED IN THE KENTUCKY CONSTITUTION THAT OUR CIVIL, POLITICAL AND RELIGIOUS LIBERTIES COME FROM GOD. TO THAT END, IT SEEKS TO EDUCATE THE GENERAL PUBLIC ON CRITICAL ISSUES OF THE DAY, WORK FOR POLICIES THAT GROW THE COMMONWEALTH, PROTECT OUR FREEDOMS, AND INFLUENCE ELECTIONS ON BEHALF OF CONSERVATIVE CANDIDATES. THE CENTER IS A NON-PROFIT, NON-PARTISAN ORGANIZATION AND SEEKS TO ELEVATE THE STANDARDS OF CONDUCT IN THE POLITICAL PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SPEAKING, NETWORKING, NEWSLETTERS, BLOGS, OPINION WRITING AND ADVERTISING IN ORDER TO EDUCATE THE GENERAL PUBLIC ON THE SOCIAL AND MORAL ISSUES OF THE DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Herrell Secretary/treasurer | OfficerTrustee | 5 | $0 |
Andy French Director | Trustee | 1 | $0 |
Jeff Davis Director | Trustee | 1 | $0 |
Angela Minter Director | Trustee | 1 | $0 |
Marty Bozarth Director | Trustee | 1 | $0 |
Leighan Dickerson President | OfficerTrustee | 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 | $211,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,600 |
| Total Program Service Revenue | $62,665 |
| Investment income | $16 |
| 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 | $275,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $136,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,115 |
| Pension plan accruals and contributions | $1,820 |
| Other employee benefits | $670 |
| Payroll taxes | $4,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,150 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,204 |
| Office expenses | $8,983 |
| Information technology | $6,476 |
| Royalties | $0 |
| Occupancy | $943 |
| Travel | $10,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $827 |
| Insurance | $3,223 |
| All other expenses | $0 |
| Total functional expenses | $268,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,146 |
| 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 | $3,237 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,383 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,152 |
| Total liabilities | $3,152 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $154,231 |
| Total liabilities and net assets/fund balances | $157,383 |