Commonwealth Charitable Fund Inc
- Assets
- $1.5m
- Revenue
- $277.3k
- Investments
- $25.0k
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 04-2681350
Organization Overview
Commonwealth Charitable Fund Inc is located in Jupiter, FL. The organization was established in 1980. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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 Charitable Fund 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 12/2021, Commonwealth Charitable Fund Inc generated $277.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.9% each year . All expenses for the organization totaled $44.7k during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES GRANTS AND SCHOLARSHIPS IN ACCORDANCE WITH LONGSTANDING GRANT CRITERIA TO VARIOUS 501(C)3 ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES GRANTS AND SCHOLARSHIPS IN ACCORDANCE WITH LONGSTANDING GRANT CRITERIA TO VARIOUS 501(C)3 ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Trevisani President | OfficerTrustee | 0 | $0 |
Wasseem Kabbara Clerk | Officer | 0 | $0 |
Eryn C Joyce Asst. Clerk | Officer | 0 | $0 |
Peter J Trevisani Treasurer | Officer | 0 | $0 |
Karl Meyer Director | Trustee | 0 | $0 |
Henry Erbe III Director | Trustee | 0 | $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 | $10,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,400 |
| Total Program Service Revenue | $0 |
| Investment income | $39,898 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $226,965 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,263 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $32,025 |
| 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 | $0 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,084 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $86 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,725 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,615 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,375,430 |
| Investments—other securities | $25,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,500 |
| Total assets | $1,466,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $1,466,545 |
| Total liabilities and net assets/fund balances | $1,466,545 |
Grants Awarded
Over the last fiscal year, Commonwealth Charitable Fund Inc has awarded $18,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LIGHTHOUSE ART CENTER PURPOSE: GENERAL SUPPORT | $10,000 |
Pawtucket, RI PURPOSE: GENERAL SUPPORT | $8,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Commonwealth Charitable Fund Inc has recieved totaling $214,217.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $133,876 |
American Endowment Foundation Hudson, OH PURPOSE: PHILANTHROPY | $80,341 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Central Florida Inc Highland City, FL | $26,696,940 | $9,902,693 |
United Way Of The Coastal Empire Inc Savannah, GA | $26,438,024 | $9,161,083 |
United Way Of The Central Savannah River Area Inc Augusta, GA | $2,548,465 | $8,329,042 |
United Way Of The Chattahoochee Valley Inc Columbus, GA | $12,467,806 | $8,956,958 |
Town Of Palm Beach United Way Inc Palm Beach, FL | $16,686,552 | $8,087,830 |
The Jewish Federation Of Sarasota-Manatee Inc Sarasota, FL | $47,399,713 | $7,687,191 |
United Way Of North Central Florida Inc Gainesville, FL | $2,947,860 | $6,635,776 |
United Way Of Central Georgia Inc Macon, GA | $7,934,369 | $5,384,686 |
United Way Of Northwest Georgia Inc Dalton, GA | $13,956,777 | $6,588,564 |
United Way Of Collier And The Keys Inc Naples, FL | $8,185,176 | $3,289,127 |
United Way Of West Alabama Inc Tuscaloosa, AL | $5,814,204 | $4,810,618 |
Jewish Federation Of Jacksonville Inc Jacksonville, FL | $31,519,335 | $4,750,209 |