Commonwealth Foundation
- Assets
- $11.7m
- Revenue
- $746.1k
- Investments
- $10.2m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 04/1995
- Data as of
- 12/2022
- EIN
- 73-1463741
Organization Overview
Commonwealth Foundation is located in Tulsa, OK. The organization was established in 1995. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Foundation 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, Commonwealth Foundation generated $746.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.3%) each year. All expenses for the organization totaled $451.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Commonwealth Foundation has awarded 50 individual grants totaling $1,033,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randi S Wightman Trustee | 2 | $0 | |
Malcolm S Wightman Trustee | 1 | $0 | |
Kathleen W Vaughn Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,221 |
| Dividends & Interest | $291,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $379,691 |
| Capital Gain Net Income | $379,691 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $72,404 |
| Total Revenue | $746,052 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,827 |
| Total operating and administrative expenses | $70,210 |
| Contributions, gifts, grants paid | $381,000 |
| Total expenses and disbursements | $451,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,463,149 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $20,400 |
| Total assets | $11,677,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Commonwealth Foundation has awarded $381,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY ACTION RESOURCE ASSOCIATION PURPOSE: GENERAL FUND | $1,000 |
FOUNDATION FOR TULSA PUBLIC SCHOOLS PURPOSE: FRED N WIGHTMAN ENDOWED FUND FOR ECOLOGICAL STEWARDSHIP | $250,000 |
GEORGE MIKSCH SUTTON AVIAN RESEARCH CENTER PURPOSE: GENERAL FUND | $25,000 |
OKLAHOMA WILDLIFE CONSERVATION FOUNDATION PURPOSE: GENERAL FUND | $5,000 |
ROUTE 66 ALLIANCE PURPOSE: GENERAL FUND | $50,000 |
THE FRONTIER PURPOSE: GENERAL FUND | $10,000 |