Common Sense Society
- Assets
- $3.3m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 86-1543050
Organization Overview
Common Sense Society is located in Washington, DC. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Sense Society 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, Common Sense Society generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 45.3% each year . All expenses for the organization totaled $6.9m during the year ending 12/2022. While expenses have increased by 43.1% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMON SENSE SOCIETY'S MISSION IS TO PROMOTE THE PRINCIPLES OF LIBERTY, PROSPERITY, AND BEAUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CIVIC ENGAGEMENT - ACTIVITIES WHICH USE PHYSICAL AND DIGITAL PUBLIC PLATFORMS TO PROMOTE COMMON SENSE SOCIETY'S WORK WHICH SUPPORTS LOCAL CITIZENS AND COMMUNITIES.
EDUCATION - ACTIVITIES WHICH EDUCATE VARIOUS BENEFICIARIES, INCLUDING STUDENTS, TEACHERS, AND PARENTS, ON THE MISSION OF COMMON SENSE SOCIETY.
RESEARCH & PUBLICATIONS - ACTIVITIES WHICH PROVIDE RESEARCH AND THE RELATED PUBLICATIONS, INCLUDING MAGAZINE ARTICLES, BOOKS, REPORTS, OP-EDS, AND OTHER MEDIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Peterffy Director | Trustee | 1 | $0 |
Marion Smith President And C.e.o. | OfficerTrustee | 50 | $354,307 |
David Talbot Secretary & Treasurer, Executive VP | OfficerTrustee | 50 | $278,521 |
Paige Hanson Chief Financial Officer | Officer | 40 | $175,522 |
Elizabeth Stiff Chief Communications Officer | 40 | $217,546 | |
Murray Bessette Vice President Of Education | 40 | $155,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Breakers Palm Beach Inc Gala And Conference Venue | 12/30/22 | $291,680 |
Nonprofit Strategies - Dc Organizational Support | 12/30/22 | $220,000 |
Renny And Reed Inc Event Design | 12/30/22 | $184,833 |
Montage Palmetto Bluff Fellowship Venue | 12/30/22 | $155,053 |
Carefirst Bluecross Blueshield Health Insurance | 12/30/22 | $148,184 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $61,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,348,618 |
| Noncash contributions included in lines 1a–1f | $105,546 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,410,118 |
| Total Program Service Revenue | $0 |
| 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 | $7,424,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $441,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $150,313 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $872,097 |
| Compensation of current officers, directors, key employees. | $237,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,591,359 |
| Pension plan accruals and contributions | $57,838 |
| Other employee benefits | $137,022 |
| Payroll taxes | $166,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $121,804 |
| Fees for services: Accounting | $77,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $300 |
| Fees for services: Other | $1,068,845 |
| Advertising and promotion | $0 |
| Office expenses | $56,092 |
| Information technology | $44,545 |
| Royalties | $0 |
| Occupancy | $194,680 |
| Travel | $379,580 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,199,060 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,276 |
| Insurance | $5,093 |
| All other expenses | $103 |
| Total functional expenses | $6,899,702 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,974 |
| Savings and temporary cash investments | $28 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,595 |
| 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 | $180,312 |
| Net Land, buildings, and equipment | $423,955 |
| Investments—publicly traded securities | $500,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $138,193 |
| Other assets | $1,837,827 |
| Total assets | $3,290,154 |
| Accounts payable and accrued expenses | $593,921 |
| 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 | $2,028,235 |
| Total liabilities | $2,622,156 |
| Net assets without donor restrictions | $651,019 |
| Net assets with donor restrictions | $16,979 |
| 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 | $3,290,154 |
Grants Awarded
Over the last fiscal year, Common Sense Society has awarded $436,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
EDMUND BURKE FOUNDATION PURPOSE: CONFERENCE SUPPORT | $400,000 |
CLASSIC LEARNING INITIATIVES PURPOSE: CONFERENCE SUPPORT | $25,000 |
PALM BEACH SYMPHONY SOCIETY PURPOSE: SPONSORSHIP | $11,000 |