Commonwealth North Inc
- Assets
- $343.2k
- Revenue
- $240.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Anchorage, AK
- Founding
- 06/1980
- Data as of
- 12/2020
- EIN
- 92-0073333
Organization Overview
Commonwealth North Inc is located in Anchorage, AK. The organization was established in 1980. According to its NTEE Classification (V35) the organization is classified as: International Studies, under the broad grouping of Social Science and related organizations. As of 12/2020, Commonwealth North Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth North 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 12/2020, Commonwealth North Inc generated $240.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $224.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS: PUBLICATION AND DISTRIBUTION OF STUDIES BY COMMONWEALTH NORTH INC (THE ORGANIZATION) AND COSTS RELATING TO EDUCATING ALASKANS ON RELEVANT PUBLIC POLICY ISSUES.
PROGRAMS: PUBLICATION AND DISTRIBUTION OF STUDIES BY COMMONWEALTH NORTH INC (THE ORGANIZATION) AND COSTS RELATING TO EDUCATING ALASKANS ON RELEVANT PUBLIC POLICY ISSUES.
PROGRAMS: PUBLICATION AND DISTRIBUTION OF STUDIES BY COMMONWEALTH NORTH INC (THE ORGANIZATION) AND COSTS RELATING TO EDUCATING ALASKANS ON RELEVANT PUBLIC POLICY ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mead Treadwell Past President | OfficerTrustee | 1 | $0 |
Isaac Vanderburg Secretary | OfficerTrustee | 1 | $0 |
Jason Evans Treasurer | OfficerTrustee | 1 | $0 |
Terry Smith President | OfficerTrustee | 1 | $0 |
Craig Richards Director | Trustee | 1 | $0 |
Gail Schubert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $65,325 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $57,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,026 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $209,936 |
| Total Program Service Revenue | $0 |
| Investment income | $9,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,100 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $20,286 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $240,811 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $125,819 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,164 |
| Payroll taxes | $10,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,565 |
| Advertising and promotion | $1,028 |
| Office expenses | $2,815 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,348 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,051 |
| All other expenses | $3,702 |
| Total functional expenses | $224,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,387 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,845 |
| 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 | $0 |
| Investments—publicly traded securities | $284,996 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $343,228 |
| Accounts payable and accrued expenses | $725 |
| 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 | $22,374 |
| Other liabilities | $3,214 |
| Total liabilities | $26,313 |
| Net assets without donor restrictions | $146,414 |
| Net assets with donor restrictions | $170,501 |
| 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 | $343,228 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commonwealth North Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |
Credit Unions In The State Of Washington Richland, WA | $2,255,622,236 | $118,353,811 |
Covenant Health System Renton, WA | $235,112,275 | $106,469,001 |
Tri-State Memorial Hospital Clarkston, WA | $106,154,327 | $102,972,246 |
Arctic Slope Native Association Ltd Barrow, AK | $299,522,566 | $117,427,222 |
Washington Institute For Coagulation Seattle, WA | $62,548,021 | $104,303,330 |
Northwest Sheet Metal Workers Welfare Fund Spokane, WA | $157,951,543 | $110,931,256 |
Voluntary Employees Beneficiary Assoc Tr For Pub Empl State Of Wa Spokane, WA | $742,000,780 | $161,942,003 |
Amazonsmile Foundation Seattle, WA | $32,322,159 | $94,115,479 |
Northwest Medical Foundation Of Tillamook Tillamook, OR | $90,626,617 | $102,521,992 |