Build Commonwealth Inc

Organization Overview

Build Commonwealth Inc is located in Boston, MA. The organization was established in 2001. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2019, Build Commonwealth Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2019, Build Commonwealth Inc generated $11.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $3.4m during the year ending 09/2019. While expenses have increased by 11.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

BUILD COMMONWEALTH, INC. STRENGTHENS THE FINANCIAL OPPORTUNITY AND SECURITY OF LOW-AND MODERATE-INCOME CONSUMERS BY INNOVATING, INCUBATING AND STIMULATING NEW FINANCIAL PRODUCTS AND POLICIES. BUILD COMMONWEALTH, INC. ENVISIONS A WORLD WHERE THE FINANCIAL SYSTEM PROMOTES LASTING SOCIAL AND ECONOMIC PROSPERITY FOR EVERY FAMILY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL OF BUILD COMMONWEALTH'S WORK IS FOCUSED ON IMPROVING THE ECONOMIC WELL-BEING OF MILLIONS OF FINANCIALLY VULNERABLE AMERICANS THROUGH INNOVATION. BUILD COMMONWEALTH GENERATES PRACTICAL IDEAS FOR FINANCIAL PRODUCTS, SERVICES AND POLICIES, PILOT TESTS ITS IDEAS, AND PURSUES SCALE STRATEGIES TO REACH MILLIONS OF HOUSEHOLDS.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy Flacke
Executive Director
$163,884
Nicholas Maynard
Sr. Vice President
$129,392
Melissa Gopnik
Sr. Vice President
$117,973
Haydee Moreno
Director
$2,365
Professor Peter Tufano
Board Chair
$0
Keith Malbrue
Director
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$10,937,606
Investment income $28,673
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 $11,363,097

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Build Commonwealth Inc has recieved totaling $2,593,375.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$2,443,075
Fidelity Foundation

Boston, MA

PURPOSE: CONSULTING

$150,000
Community Foundation Of North Texas

Fort Worth, TX

PURPOSE: FOR GENERAL PURPOSES

$300
View Grant Recipient Profile

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