Commonwealth Forest Investments
- Assets
- $527.2k
- Revenue
- $63.0
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1993
- Data as of
- 12/2021
- EIN
- 51-0344578
Organization Overview
Commonwealth Forest Investments is located in Atlanta, GA. The organization was established in 1993. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2021, Commonwealth Forest Investments generated $63.0 in total revenue. All expenses for the organization totaled $6.7m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, HOLD TITLE TO, AND COLLECT REVENUE FROM REAL PROPERTY, AND TO REMIT THE ENTIRE AMOUNT OF SUCH INCOME (LESS EXPENSES) TO ONE OR MORE MEMBER ORGANIZATIONS DESCRIBED IN IRC SECTION 501(C)(25)(C).
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Walley Atlanta Ga Vice President | OfficerTrustee | 0 | $0 |
Charles Vanover Atlanta Ga Vice President | OfficerTrustee | 0 | $0 |
Sam Grice Atlanta Ga Vice President & Secretary | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $63 |
| 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 | $63 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,625,088 |
| 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 | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,699 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $6,670,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $522,197 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,970 |
| Total assets | $527,167 |
| 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 | $4,315,200 |
| Other liabilities | $435,565 |
| Total liabilities | $4,750,765 |
| Net assets without donor restrictions | -$4,223,598 |
| 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 | $527,167 |
Grants Awarded
Over the last fiscal year, Commonwealth Forest Investments has awarded $6,625,088 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PENNSYLVANIA STATE EMPLOYEES' RETIREMENT SYSTEM PURPOSE: PROGRAM SUPPORT | $4,315,200 |
Atlanta, GA PURPOSE: PROGRAM SUPPORT | $2,309,888 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Commonwealth Forest Investments has recieved totaling $2,309,888.
| Awarding Organization | Amount |
|---|---|
Commonwealth Forest Investments Atlanta, GA PURPOSE: PROGRAM SUPPORT | $2,309,888 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Forest Investments Atlanta, GA | $527,167 | $63 |
South Florida Veterans Affairs Foundation For Research & Educaton Miami, FL | $7,044,922 | $2,522,202 |
River Garden Holding Company Inc Jacksonville, FL | $34,918,747 | $1,904,897 |
Greater Kingsport Alliance For Development Inc Kingsport, TN | $2,425,970 | $1,438,393 |
Elizabeth Bisland Wetmore T1295 Orlando, FL | $9,659,124 | $1,316,212 |
Tennessee Medical Education Fund Inc Nashville, TN | $3,892,726 | $343,365 |
John T Hall Testamentary Tr 08-17-44 Orlando, FL | $3,441,856 | $150,400 |
Alabama Multifamily Loan Consortium Montgomery, AL | $54,767,808 | $316,680 |
Southeastern Bankruptcy Law Institute Inc Decatur, GA | $454,578 | $294,194 |
Community Trust Foundation Inc Winter Park, FL | $2,353,065 | $188,728 |
Turnaround Community Lending Rutledge, TN | $126,245 | $0 |
Hendrix Endowment Tr 51-3623360 Orlando, FL | $1,389,179 | $276,655 |