Commonweal Foundation
- Assets
- $3.3m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 16
- Location
- New York, NY
- Founding
- 09/1983
- Data as of
- 09/2023
- EIN
- 13-3174407
Organization Overview
Commonweal Foundation is located in New York, NY. The organization was established in 1983. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 09/2023, Commonweal Foundation employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonweal Foundation 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 09/2023, Commonweal Foundation generated $2.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.4m during the year ending 09/2023. While expenses have increased by 4.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PUBLICATION AND ONLINE DISTRIBUTION OF INFORMATION ON PUBLIC AFFAIRS, RELIGION, LITERATURE AND THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION AND ONLINE DISTRIBUTION OF INFORMATION ON PUBLIC AFFAIRS, RELIGION, LITERATURE AND THE ARTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dominic Preziosi President | OfficerTrustee | 32 | $125,731 |
Vincent Rogeau Director | Trustee | 1 | $0 |
Dennis O'brien Director | Trustee | 1 | $0 |
Barbara Rosiello Director/former Vice Chairman | Trustee | 1 | $0 |
Peter Catanzaro Former Director | Trustee | 1 | $0 |
Jane O'connell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interchurch Center Rent | 9/29/22 | $101,716 |
Intellicor Communications Printing & Mailing | 9/29/22 | $219,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $336,993 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $918,798 |
| Noncash contributions included in lines 1a–1f | $10,457 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,255,791 |
| Total Program Service Revenue | $792,820 |
| Investment income | $78,603 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $164,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,312,170 |
| 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. | $402,438 |
| Compensation of current officers, directors, key employees. | $228,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $743,963 |
| Pension plan accruals and contributions | $31,959 |
| Other employee benefits | $114,846 |
| Payroll taxes | $89,095 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,000 |
| Fees for services: Other | $47,342 |
| Advertising and promotion | $30,527 |
| Office expenses | $307,618 |
| Information technology | $68,369 |
| Royalties | $0 |
| Occupancy | $34,880 |
| Travel | $2,612 |
| 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 | $6,910 |
| Insurance | $14,176 |
| All other expenses | $113,538 |
| Total functional expenses | $2,365,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $207,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,308 |
| 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 | $26,627 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,945,701 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,275 |
| Total assets | $3,266,753 |
| Accounts payable and accrued expenses | $120,123 |
| Grants payable | $0 |
| Deferred revenue | $460,171 |
| 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 | $47,809 |
| Total liabilities | $628,103 |
| Net assets without donor restrictions | $2,501,016 |
| Net assets with donor restrictions | $137,634 |
| 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 | $3,266,753 |