Commonwealth Foundations
- Assets
- $14.5k
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 46-5103846
Organization Overview
Commonwealth Foundations is located in Richmond, VA. The organization was established in 2016. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, 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 Foundations 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 12/2022, Commonwealth Foundations generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $10.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Commonwealth Foundations has awarded 486 individual grants totaling $58,529,466. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice T Goodwin Director | 0.1 | $0 | |
William H Goodwin Jr Director, President/treasurer | 0.1 | $0 | |
James A Jones Assistant Treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,900,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,900,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $262 |
| Total operating and administrative expenses | $14,030 |
| Contributions, gifts, grants paid | $10,690,440 |
| Total expenses and disbursements | $10,704,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,540 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $14,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Commonwealth Foundations has awarded $10,690,440 in support to 75 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,500 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $2,500 |
AN ACHIEVABLE DREAM INC PURPOSE: GENERAL SUPPORT | $10,000 |
AMERICAN RED CROSS PURPOSE: GENERAL SUPPORT | $217,500 |
ANNA JULIA COOPER EPISCOPAL SCHOOL PURPOSE: GENERAL SUPPORT | $575,000 |
ART 180 PURPOSE: GENERAL SUPPORT | $1,000 |