2015-11-16T13:50:26-08:00 2014-12-31 Adeptus Partners LLC 6 EAST 45TH STREET 10TH FLOOR NEW YORK NY 10017 990 2014-01-01 452201993 COMMONWISE EDUCATION INC COMM 6462418535 654 WEST 161 STREET NEW YORK NY 10032 NICK IUVIENE President 2015-11-16 true Howard S Krant P00095649 2127588050 2014 2016-04-25 22:37:26Z NICK IUVIENE 654 W 161ST STREET APT 5F NEW YORK NY 10032 130300 false false X WWW.COMMONWISE.NYC X 2011 VT COMMONWISE EDUCATION, INC. WILL PROVIDE ON-LINE EDUCATION AND TRAINING IN THE AREAS OF ENTREPRENEURSHIP, MANAGEMENT, SUSTAINABILITY, ORGANIZATIONAL DEVELOPMENT AND INNOVATION TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, EMPLOYEE AND COOPERATIVELY OWNED BUSINESSES. THESE SERVICES ARE DESIGNED TO INCREASE THE SUCCESS AND VIABILITY OF THESE BUSINESSES. 5 5 1 1 0 948500 130300 0 0 0 948500 130300 182576 0 0 9474 30000 20599 20599 168365 145510 380941 175583 567559 -45283 880353 828045 25000 17975 855353 810070 COMMONWISE EDUCATION, INC. WILL PROVIDE ON-LINE EDUCATION AND TRAINING IN THE AREAS OF ENTREPRENEURSHIP, MANAGEMENT, SUSTAINABILITY, ORGANIZATIONAL DEVELOPMENT AND INNOVATION TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, EMPLOYEE AND COOPERATIVELY OWNED BUSINESSES. THESE SERVICES ARE DESIGNED TO INCREASE THE SUCCESS AND VIABILITY OF THESE BUSINESSES. false false 105072 130300 THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL AND/OR SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE")(OR CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW), INCLUDING IN PARTICULARl (I) TO PROVIDE EDUCATION AND TRAINING TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, COOPERATIVES AND ESOPS IN TPOICS SUCH AS DEMOCRATIC MANAGEMENT, ENTREPRENEURSHIP, SUSTAINABILITY, FUNDRAISING AND RELATED TOPICS; (II) TO DEVELOP AND DESIGN THESE TRAINING AND DEVELOPMENT SERVICES TO BE AVAILABLE BOTH ON-LINE AND THROUGH IN-PERSON DELIVERY; (III) TO WORK WITH UNIVERSITIES AND OTHER EDUCATIONAL INSTITUTIONS TO DEVELOP THESE SERVICES; (IV) TO APPLY FOR ANY AND ALL REQUIRED GOVERNMENTAL APPROVALS FOR ANY OF THE FOREGOING ACTIVITIES; AND (V) TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES INCIDENTAL TO AND IN PURSUIT OF THE FOREGOING PURPOSES, EXCEPT AS RESTRICTED HEREIN. 105072 true true false false false false false false false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 8 0 false 1 false false false false false false false false false 0 false false false false false false false false false false X 5 5 false false false false false false true true true false false true true true true false false true true false NY X NICK IUVIENE 6462418535 654 WEST 161 STREET APT 5F NEW YORK NY 10032 X NICK IUVIENE President 2.00 0.00 X X 0 0 0 YORMAN NUNEZ Board Member 2.00 0.00 X 0 0 0 WENDOLY MARTE Treasurer 1.00 0.00 X X 0 0 0 BARIKA WILLIAMS Secretary 1.00 0.00 X X 0 0 0 DANIEL WHITE Board Member 1.00 0.00 X 0 0 0 0 false false false 0 130300 130300 0 0 0 0 0 0 0 0 0 0 130300 X 0 0 0 0 0 0 8369 8369 0 0 1105 1105 0 1244 1244 25583 25583 0 20599 20599 0 67784 67784 13763 13763 1836 1550 286 0 0 19500 3900 15600 2660 2660 0 7385 2345 5040 0 0 0 0 EQUIPMENT 3424 3424 ONLINE SERVICES 1277 1277 PAYROLL PROCESSING FEES 582 582 MISCELLANEOUS 271 271 201 201 175583 105072 49912 20599 280353 142244 0 600000 685801 0 0 0 0 0 0 0 0 0 0 0 0 880353 828045 25000 17975 25000 17975 X 15353 41761 840000 768309 855353 810070 880353 828045 -45283 X false true X true false X 150000 382875 948500 130300 1611675 0 0 150000 382875 948500 130300 1611675 0 1611675 0 0 0 1611675 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130300 130300 130300 175583 175583 175583 false Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders THE FOLLOWING CORPORATE ACTIONS MAY NOT BE TAKEN WITHOUT APPROVAL OF THE MEMBERS: (A) A MAJORITY OF THE VOTES CAST AT A MEETING OF THE MEMBERS IS REQUIRD FOR (1) ANY AMENDMENT OF OR CHANGE TO THE CERTIFICATE OF INCORPORATION, (2) ANY AMENDMENT OR CHANGE TO THESE BY-LAWS, OR (3) A PETITION FOR JUDICIAL DISSOLUTION; (B) TWO-THIRDS OF THE VOTES CAST AT A MEETING OF THE MEMBERS, OR A MAJORITY OF THE VOTING POWER (WHICHEVER IS LESS) IS REQUIRED FOR (1) DISPOSING OF ALL, OR SUBSTANTIALLY ALL, OF THE ASSETS OF THE CORPORATION, (2) APPROVAL OF A PLAN OF MERGER, (3) AUTHORIZATION OF A PLAN OF NON-JUDICIAL DISSOLUTION, OR (4) REVOCATION OF A VOLUNTARY DISSOLUTION PROCEEDING. Form 990, Part VI, Line 11b: Form 990 Review Process A COPY OF THE FORM 990 WILL BE SENT TO PRESIDENT NICK IUVIENE PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts CONFLICT OF INTEREST POLICY WAS ADOPTED AT BOARD MEETING BY UNANIMOUS RESOLUTION DATED MAY 24, 2011. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE OF ANY CONFLICTS. TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS, AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEDURES OF ADDRESSING THE CONFLICT OF INTEREST IS AS FOLLOWS:(1) AN INTEREST PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING POSSIBLE CONFLICT OF INTEREST. ANY INTERESTED PERSON SHALL NOT ATTEMPT TO INFLUENCE THE BOARD OF DIRECTORS REGARDING THE CONFLICT MATTER; (2) THE CHAIRPERSON OF THE GOVERNING BOARD OF COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT; (3) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; AND (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management NO PART OF THE INCOME OF THE CORPORATION SHALL INURE TO THE BENEFIT OF ANY DIRECTOR FOR THE PERFORMANCE OF HIS OR HER DUTIES AS DIRECTOR, EXCEPT THAT EXPENESES INCURRED BY DIRECTORS ON BEHALF OF THE CORPORATION MAY BE REIMBURSED AND REASONABLE COMPENSATION MAY BE PAID FOR SERVICES RENDERED TO OR FOR THE CORPORATION AFFECTING ONE OR MORE OF ITS PURPOSES AS SET FORTH IN THE CERTIFICATE OF INCOPORATION. HOWEVER, PRESIDENT JEFFREY HOLLENDER PLANS TO SPEND NO MORE THAN 50% OF HIS TIME TO CARRY OUT THE PROGRAMS AND MISSION OF COMMONWISE AND THEREFORE MAY RECEIVE COMPENSATION IN THE FUTURE, BUT NO MORE THAN $50,000. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees NO PART OF THE INCOME OF THE CORPORATION SHALL INURE TO THE BENEFIT OF ANY DIRECTOR FOR THE PERFORMANCE OF HIS OR HER DUTIES AS DIRECTOR, EXCEPT THAT EXPENESES INCURRED BY DIRECTORS ON BEHALF OF THE CORPORATION MAY BE REIMBURSED AND REASONABLE COMPENSATION MAY BE PAID FOR SERVICES RENDERED TO OR FOR THE CORPORATION AFFECTING ONE OR MORE OF ITS PURPOSES AS SET FORTH IN THE CERTIFICATE OF INCOPORATION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available DISCLOSURE OF GOVERNING DOCS, POLICIES AND FINANCIAL STATEMENTS MAY BE OBTAINED UPON REQUEST.