Commonwealth Club Of California
- Assets
- $33.0m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 53
- Location
- San Francisco, CA
- Founding
- 04/1938
- Data as of
- 06/2022
- EIN
- 94-0399260
Organization Overview
Commonwealth Club Of California is located in San Francisco, CA. The organization was established in 1938. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Commonwealth Club Of California employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Club Of California 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 06/2022, Commonwealth Club Of California generated $9.0m 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 (4.9%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE LEADING NATIONAL FORUM OPEN TO ALL FOR THE IMPARTIAL DISCUSSION OF IMPORTANT PUBLIC ISSUES THAT AFFECT MEMBERSHIP, COMMUNITY, AND THE NATION.
Describe the Organization's Program Activity:
GENERAL PROGRAMS - THE CLUB PROVIDES A FORUM WHERE THE NATION'S AND THE WORLD'S "THOUGHT LEADERS" ADDRESS CLUB MEMBERS AND THE GENERAL PUBLIC. THE TOPICS INCLUDE POLITICS, CULTURE, ECONOMICS, BUSINESS AND FOOD TO NAME A FEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria C Duffy President & CEO | OfficerTrustee | 40 | $231,567 |
Martha Ryan Board Chair | OfficerTrustee | 2 | $0 |
John Boland Vice Chair | OfficerTrustee | 2 | $0 |
John Farmer Treasurer | OfficerTrustee | 2 | $0 |
Robert Adams Director | Trustee | 2 | $0 |
William Adams Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gabriel Group Membership Correspondence | 6/29/20 | $323,933 |
Patronmanager Software Platform Integration | 6/29/20 | $160,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $497,584 |
| Fundraising events | $878,650 |
| Related organizations | $0 |
| Government grants | $1,137,114 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,491,118 |
| Noncash contributions included in lines 1a–1f | $6,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,004,466 |
| Total Program Service Revenue | $397,076 |
| Investment income | $67,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $470,088 |
| Net Gain/Loss on Asset Sales | $138,252 |
| Net Income from Fundraising Events | -$34,387 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,042,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,500 |
| Grants and other assistance to domestic individuals. | $87,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $287,306 |
| Compensation of current officers, directors, key employees. | $57,461 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,163,398 |
| Pension plan accruals and contributions | $104,071 |
| Other employee benefits | $399,046 |
| Payroll taxes | $260,757 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,587 |
| Fees for services: Other | $449,544 |
| Advertising and promotion | $230,812 |
| Office expenses | $194,621 |
| Information technology | $633,466 |
| Royalties | $0 |
| Occupancy | $218,302 |
| Travel | $13,635 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $984 |
| Interest | $284,397 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $868,326 |
| Insurance | $189,767 |
| All other expenses | $0 |
| Total functional expenses | $7,769,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,060,460 |
| Savings and temporary cash investments | $451,275 |
| Pledges and grants receivable | $1,236,953 |
| Accounts receivable, net | $896,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,000 |
| Prepaid expenses and deferred charges | $23,696 |
| Net Land, buildings, and equipment | $25,042,642 |
| Investments—publicly traded securities | $4,233,497 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,955,345 |
| Accounts payable and accrued expenses | $360,606 |
| Grants payable | $0 |
| Deferred revenue | $365,663 |
| 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 | $5,223,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,744 |
| Total liabilities | $5,970,430 |
| Net assets without donor restrictions | $22,893,591 |
| Net assets with donor restrictions | $4,091,324 |
| 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 | $32,955,345 |