Commonwealth Impact Foundation Inc
- Assets
- $5.3m
- Revenue
- $5.8m
- Investments
- $3.3m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2021
- EIN
- 85-0781875
Organization Overview
Commonwealth Impact Foundation Inc is located in Indianapolis, IN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Impact Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE CONNECT ENTREPRENEURS WITH PHILANTHROPISTS TO ACCELERATE BUSINESS THAT STRENGTHEN COMMUNITIES. WE SERVE SOCIAL INVESTORS AND SOCIAL ENTREPRENEURS.
Describe the Organization's Program Activity:
RESEARCH - OUR SCHOLARS INVETIGATE BEST PRACTICES, CONDUCT PERFORMANCE MEASUREMENT, AND PUBLISH ITEMS TO INFORM INVESTORS, OPERATORS, AND THE GENERAL PUBLIC.CONSULTING - OUR TEAM PERFORMS INVESTMENT BANKING-TYPE DILIGENCE FOR SOCIAL INVESTORS AND MANAGEMENT CONSULTING FOR SOCIAL ENTREPRENEURS.INVESTING - WE IDENTIFY AND INVEST IN QUALITY DEALS TO BUILD MARKETS FOR SELECT STATES AND CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Hein Managing Director | OfficerTrustee | 1 | $0 |
Mike Humphrey Board Chairman | OfficerTrustee | 10 | $0 |
Cliff Benson Member | Trustee | 1 | $0 |
Chuck Bentley Member (resigned Early 2022) | Trustee | 1 | $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 | $5,450,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,450,469 |
| Total Program Service Revenue | $0 |
| Investment income | $13,537 |
| 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 | $5,754,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $552,096 |
| 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 | $4,686 |
| 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 | $64,510 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $1,666 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $38 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,547 |
| All other expenses | $0 |
| Total functional expenses | $650,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,245 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $175,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,112,332 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,258,417 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,038 |
| Total assets | $5,251,315 |
| Accounts payable and accrued expenses | $14,379 |
| Grants payable | $0 |
| Deferred revenue | $86,727 |
| 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 | $40,038 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $141,144 |
| 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 | $5,110,171 |
| Total liabilities and net assets/fund balances | $5,251,315 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Commonwealth Impact Foundation Inc has recieved totaling $4,245,317.
| Awarding Organization | Amount |
|---|---|
Sagamore Institute Inc Indianapolis, IN PURPOSE: GRANTS | $2,340,904 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $1,290,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $234,000 |
Deaconess Health Associations Fund Inc Cincinnati, OH PURPOSE: Operations | $200,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $62,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Procter & Gamble Benefit Plan Trust Cincinnati, OH | $69,184,153 | $97,679,425 |
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |
Public Interest Registry Reston, VA | $67,348,678 | $103,286,594 |
University Pediatric Associates Inc Indianapolis, IN | $25,897,136 | $100,827,780 |
Alexian Brothers Ambulatory Group St Louis, MO | $321,335,814 | $68,677,417 |
Samaritas Detroit, MI | $92,322,257 | $101,009,415 |
Cckc4 Inc Wichita, KS | $1,278,082,464 | $69,570,660 |
Kansas Association Of Child Care Resource And Referral Agencies Salina, KS | $5,216,379 | $98,524,579 |