Commonlit Inc

Organization Overview

Commonlit Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Commonlit Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonlit 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 12/2022, Commonlit Inc generated $11.9m in total revenue. All expenses for the organization totaled $10.9m during the year ending 12/2022. While expenses have increased by 94.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO MAKE HIGH-QUALITY LITERACY MATERIALS ACCESSIBLE TO TEACHERS AND THE GENERAL PUBLIC FOR THE ADVANCEMENT OF EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION: DELIVERY OF HIGH-QUALITY, INSTRUCTIONAL MATERIAL TO SUPPORT LITERACY DEVELOPMENT FOR STUDENTS IN GRADES 3-12.


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Board, Officers & Key Employees

Name (title)Compensation
Michelle Brown
CEO & President
$241,782
John Coyne
Director
$0
Mary Grace Tighe
Director
$0
Sonal Tolman
Director
$0
Kodjo Wilder
Director
$0
Esther Wojcicki
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rubino And Company Inc
Accounting Services
$162,906
Clever Inc
Software Services Usage Subscription
$124,423
Heather Harris
Technology Consultant
$111,263
Learnplatform
Prepaid Replication Subscription Fee
$108,800
View All Vendors

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$8,855,365
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$8,855,365
Total Program Service Revenue$3,015,689
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 $11,871,054

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