Commons Foundation Inc
- Assets
- $32.6k
- Revenue
- $55.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/2016
- Data as of
- 12/2022
- EIN
- 47-4961163
Organization Overview
Commons Foundation Inc is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commons Foundation 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 12/2022, Commons Foundation Inc generated $55.6k 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 (25.5%) each year. All expenses for the organization totaled $111.9k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE TO LOCAL PROGRESSIVE GROUPS AFFORDABLE RESOURCES, INCLUDING OFFICE SPACE, MEETING AND CLASS ROOMS, AS WELL AS OPPORTUNITIES TO COLLABORATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE TO LOCAL PROGRESSIVE GROUPS AFFORDABLE RESOURCES, INCLUDING OFFICE SPACE, MEETING AND CLASS ROOMS, AS WELL AS OPPORTUNITIES TO COLLABORATE. PART OF OUR MISSION HAD BEEN TO PROVIDE EVENT/PERFORMANCE SPACE TO ACTIVIST GROUPS IN NEW YORK. BUT WE WERE SHUT DOWN SO LONG FOR THE PANDEMIC, WE LOST USERS, VOLUNTEERS AND MOMENTUM AND COULD NOT RECOVER. WE COULD NO LONGER AFFORD THE RENT FOR THAT SPACE AND HAD TO VACATE. WE TRIED TO SELL THE USED AUDIOVISUAL AND ELECTRONIC EQUIPMENT, BUT SO MANY EVENT SPACES WERE GOING OUT OF BUSINESS DUE TO THE PANDEMIC, WE FOUND NO BUYERS. IN FACT, WE HAD TO PAY TO HAVE IT CARTED AWAY, AS WELL AS THE STAGE, LIGHTING AND FURNITURE. THE COST BASIS (2018) FOR ALL THAT WAS ABOUT $52,000.
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 |
|---|---|---|---|
Melissa Ennen President | OfficerTrustee | 10 | $3,500 |
Patricia Mayer Treasurer | Trustee | 0.25 | $0 |
Zena Kennedy Director | Trustee | 0.25 | $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 | $10,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,600 |
| Total Program Service Revenue | $44,953 |
| Investment income | $0 |
| 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 | $55,553 |
| 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. | $3,500 |
| 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 | $1,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $638 |
| Information technology | $1,740 |
| Royalties | $0 |
| Occupancy | $37,000 |
| 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 | $52,771 |
| Insurance | $759 |
| All other expenses | $15 |
| Total functional expenses | $111,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| 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 | $31,103 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,603 |
| 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 | $32,603 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $32,603 |