BAINUM FAMILY FOUNDATION: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- BAINUM FAMILY FOUNDATION (EIN 23-7000192)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-01-08
- IRS object ID
- 201340089349100104
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- General Explanation Attachment
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Investments Land Schedule2
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Reduction Explanation Statement
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-01-08T12:35:31-06:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 521511275 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Raffa PC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1899 L Street NW Suite 900 | AddressLine1 |
| City | Washington | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237000192 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Commonweal Foundation Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | COMM | NameControl |
| Phone | 2404500000 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10770 Columbia Pike No 150 | AddressLine1 |
| City | Silver Spring | City |
| State | MD | State |
| ZIP Code | 20901 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Christopher Sharkey | Name |
| Title | Vice President/CFO | Title |
| Phone | 2404500000 | Phone |
| Date Signed | 2013-01-08 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Frank H Smith | Name |
| PTIN | P00639053 | PTIN |
| Phone | 2028225000 | Phone |
| Date Prepared | 2013-01-07 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-03-07 17:11:31Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exempt PF | X | ExemptPF |
| FMV Assets EOY | 187647573 | FMVAssetsEOY |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 75267574 | ContriReceivedRevAndExpnss |
| Interest On Savings Rev And Expnss | 2825 | InterestOnSavingsRevAndExpnss |
| Interest On Savings Net Invst Incm | 2825 | InterestOnSavingsNetInvstIncm |
| Interest On Savings Adj Net Incm | 2825 | InterestOnSavingsAdjNetIncm |
| Dividends Rev And Expnss | 4077976 | DividendsRevAndExpnss |
| Dividends Net Invst Incm | 4077976 | DividendsNetInvstIncm |
| Dividends Adj Net Incm | 4077976 | DividendsAdjNetIncm |
| Net Gain Sale Assets Rev And Expnss | 5569732 | NetGainSaleAssetsRevAndExpnss |
| Gross Sales Price | 25999000 | GrossSalesPrice |
| Capital Gain Net Incm Net Invst Incm | 19154062 | CapitalGainNetIncmNetInvstIncm |
| Net STCG Adj Net Incm | 448846 | NetSTCGAdjNetIncm |
| Other Income Rev And Expnss | 84257 | OtherIncomeRevAndExpnss |
| Other Income Net Invst Incm | 84257 | OtherIncomeNetInvstIncm |
| Other Income Adj Net Incm | 84257 | OtherIncomeAdjNetIncm |
| Total Revenue And Expenses | 85002364 | TotalRevenueAndExpenses |
| Total Net Investment Income | 23319120 | TotalNetInvestmentIncome |
| Total Adjusted Net Income | 4613904 | TotalAdjustedNetIncome |
| Comp Ofcr Dir Trst Rev And Expnss | 599470 | CompOfcrDirTrstRevAndExpnss |
| Comp Ofcr Dir Trst Net Invst Incm | 50955 | CompOfcrDirTrstNetInvstIncm |
| Comp Ofcr Dir Trst Adj Net Incm | 50955 | CompOfcrDirTrstAdjNetIncm |
| Comp Ofcr Dir Trst Dsbrs Chrtbl Prps | 548513 | CompOfcrDirTrstDsbrsChrtblPrps |
| Oth Empl Slrs Wgs Rev And Expnss | 2608211 | OthEmplSlrsWgsRevAndExpnss |
| Oth Empl Slrs Wgs Net Invst Incm | 25935 | OthEmplSlrsWgsNetInvstIncm |
| Oth Empl Slrs Wgs Adj Net Incm | 25935 | OthEmplSlrsWgsAdjNetIncm |
| Oth Empl Slrs Wgs Dsbrs Chrtbl Prps | 2569619 | OthEmplSlrsWgsDsbrsChrtblPrps |
| Pension Empl Bnft Rev And Expnss | 588857 | PensionEmplBnftRevAndExpnss |
| Pension Empl Bnft Net Invst Incm | 16933 | PensionEmplBnftNetInvstIncm |
| Pension Empl Bnft Adj Net Incm | 16933 | PensionEmplBnftAdjNetIncm |
| Pension Empl Bnft Dsbrs Chrtbl Prps | 589938 | PensionEmplBnftDsbrsChrtblPrps |
| Legal Fees Rev And Expnss | 24244 | LegalFeesRevAndExpnss |
| Legal Fees Net Invst Incm | 0 | LegalFeesNetInvstIncm |
| Legal Fees Adj Net Incm | 0 | LegalFeesAdjNetIncm |
| Legal Fees Dsbrs Chrtbl Prps | 16288 | LegalFeesDsbrsChrtblPrps |
| Accounting Fees Rev And Expnss | 87034 | AccountingFeesRevAndExpnss |
| Accounting Fees Net Invst Incm | 0 | AccountingFeesNetInvstIncm |
| Accounting Fees Adj Net Incm | 0 | AccountingFeesAdjNetIncm |
| Accounting Fees Dsbrs Chrtbl Prps | 85555 | AccountingFeesDsbrsChrtblPrps |
| Other Prof Fees Rev And Expnss | 339075 | OtherProfFeesRevAndExpnss |
| Other Prof Fees Net Invst Incm | 9841 | OtherProfFeesNetInvstIncm |
| Other Prof Fees Adj Net Incm | 9841 | OtherProfFeesAdjNetIncm |
| Other Prof Fees Dsbrs Chrtbl Prps | 347524 | OtherProfFeesDsbrsChrtblPrps |
| Taxes Rev And Expnss | 2318125 | TaxesRevAndExpnss |
| Taxes Net Invst Incm | 0 | TaxesNetInvstIncm |
| Taxes Adj Net Incm | 0 | TaxesAdjNetIncm |
| Taxes Dsbrs Chrtbl Prps | 515000 | TaxesDsbrsChrtblPrps |
| Deprec And Depletion Rev And Expnss | 55385 | DeprecAndDepletionRevAndExpnss |
| Deprec And Depletion Net Invst Incm | 0 | DeprecAndDepletionNetInvstIncm |
| Deprec And Depletion Adj Net Incm | 0 | DeprecAndDepletionAdjNetIncm |
| Occupancy Rev And Expnss | 235440 | OccupancyRevAndExpnss |
| Occupancy Net Invst Incm | 0 | OccupancyNetInvstIncm |
| Occupancy Adj Net Incm | 0 | OccupancyAdjNetIncm |
| Occupancy Dsbrs Chrtbl Prps | 96877 | OccupancyDsbrsChrtblPrps |
| Trav Conf Meeting Rev And Expnss | 227747 | TravConfMeetingRevAndExpnss |
| Trav Conf Meeting Net Invst Incm | 29 | TravConfMeetingNetInvstIncm |
| Trav Conf Meeting Adj Net Incm | 29 | TravConfMeetingAdjNetIncm |
| Trav Conf Meeting Dsbrs Chrtbl Prps | 224811 | TravConfMeetingDsbrsChrtblPrps |
| Printing And Pub Rev And Expnss | 12471 | PrintingAndPubRevAndExpnss |
| Printing And Pub Net Invst Incm | 0 | PrintingAndPubNetInvstIncm |
| Printing And Pub Adj Net Incm | 0 | PrintingAndPubAdjNetIncm |
| Printing And Pub Dsbrs Chrtbl Prps | 12791 | PrintingAndPubDsbrsChrtblPrps |
| Other Expenses Rev And Expnss | 3721440 | OtherExpensesRevAndExpnss |
| Other Expenses Net Invst Incm | 90618 | OtherExpensesNetInvstIncm |
| Other Expenses Adj Net Incm | 90618 | OtherExpensesAdjNetIncm |
| Other Expenses Dsbrs Chrtbl Prps | 3068698 | OtherExpensesDsbrsChrtblPrps |
| Tot Opr Expenses Rev And Expnss | 10817499 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 194311 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Adj Net Incm | 194311 | TotOprExpensesAdjNetIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 8075614 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 6637987 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 2251169 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 17455486 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 194311 | TotalExpensesNetInvstIncm |
| Total Expenses Adj Net Incm | 194311 | TotalExpensesAdjNetIncm |
| Total Expenses Dsbrs Chrtbl Prps | 10326783 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 67546878 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 23124809 | NetInvestmentIncome |
| Adjusted Net Income | 4419593 | AdjustedNetIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | 1959107 | CashBOY |
| Cash EOY | 428203 | CashEOY |
| Cash EOYFMV | 428203 | CashEOYFMV |
| Savings And Temp Cash Invst BOY | 15150662 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 25798148 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 25798148 | SavingsAndTempCashInvstEOYFMV |
| Prepaid Expenses BOY | 83779 | PrepaidExpensesBOY |
| Prepaid Expenses EOY | 122325 | PrepaidExpensesEOY |
| Prepaid Expenses EOYFMV | 122325 | PrepaidExpensesEOYFMV |
| Investments Govt Oblig BOY | 4878411 | InvestmentsGovtObligBOY |
| Investments Govt Oblig EOY | 8297356 | InvestmentsGovtObligEOY |
| Investments Govt Oblig EOYFMV | 8297356 | InvestmentsGovtObligEOYFMV |
| Investments Corp Stock BOY | 6672000 | InvestmentsCorpStockBOY |
| Investments Corp Stock EOY | 97568955 | InvestmentsCorpStockEOY |
| Investments Corp Stock EOYFMV | 97568955 | InvestmentsCorpStockEOYFMV |
| Investments Corp Bonds BOY | 24392525 | InvestmentsCorpBondsBOY |
| Investments Corp Bonds EOY | 24191320 | InvestmentsCorpBondsEOY |
| Investments Corp Bonds EOYFMV | 24191320 | InvestmentsCorpBondsEOYFMV |
| Investments Land Etc Basis | 958009 | InvestmentsLandEtcBasis |
| Accum Deprec Investments Land Etc | 83952 | AccumDeprecInvestmentsLandEtc |
| Investments Land Etc BOY | 874057 | InvestmentsLandEtcBOY |
| Investments Land Etc EOY | 874057 | InvestmentsLandEtcEOY |
| Investments Land Etc EOYFMV | 874057 | InvestmentsLandEtcEOYFMV |
| Investments Other BOY | 31333613 | InvestmentsOtherBOY |
| Investments Other EOY | 29345192 | InvestmentsOtherEOY |
| Investments Other EOYFMV | 29345192 | InvestmentsOtherEOYFMV |
| Land Building And Equipment Basis | 556967 | LandBuildingAndEquipmentBasis |
| Accum Deprec Land Bldg And Equip | 306506 | AccumDeprecLandBldgAndEquip |
| Land Building And Equipment BOY | 85072 | LandBuildingAndEquipmentBOY |
| Land Building And Equipment EOY | 250461 | LandBuildingAndEquipmentEOY |
| Land Building And Equipment EOYFMV | 250461 | LandBuildingAndEquipmentEOYFMV |
| Other Assets BOY | 322242 | OtherAssetsBOY |
| Other Assets EOY | 771556 | OtherAssetsEOY |
| Other Assets EOYFMV | 771556 | OtherAssetsEOYFMV |
| Total Assets BOY | 85751468 | TotalAssetsBOY |
| Total Assets EOY | 187647573 | TotalAssetsEOY |
| Total Assets EOYFMV | 187647573 | TotalAssetsEOYFMV |
| Accounts Payable BOY | 1040083 | AccountsPayableBOY |
| Accounts Payable EOY | 1623045 | AccountsPayableEOY |
| Grants Payable BOY | 1690243 | GrantsPayableBOY |
| Grants Payable EOY | 6077061 | GrantsPayableEOY |
| Other Liabilities BOY | 11053 | OtherLiabilitiesBOY |
| Other Liabilities EOY | 1854177 | OtherLiabilitiesEOY |
| Total Liabilities BOY | 2741379 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 9554283 | TotalLiabilitiesEOY |
| Org That Follow SFAS117 | X | OrgThatFollowSFAS117 |
| Unrestricted BOY | 83010089 | UnrestrictedBOY |
| Unrestricted EOY | 102624293 | UnrestrictedEOY |
| Temporarily Restricted EOY | 65468997 | TemporarilyRestrictedEOY |
| Permanently Restricted EOY | 10000000 | PermanentlyRestrictedEOY |
| Total Net Assets BOY | 83010089 | TotalNetAssetsBOY |
| Total Net Assets EOY | 178093290 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 85751468 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 187647573 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 83010089 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 67546878 | ExcessOfRevenueOverExpenses |
| Other Increases | 27536323 | OtherIncreases |
| Subtotal | 178093290 | Subtotal |
| Other Decreases | 0 | OtherDecreases |
| Total Net Assets Fund Balances EOY | 178093290 | TotalNetAssetsFundBalancesEOY |
Capital Gains And Losses CapitalGainsAndLosses
Capital Gains And Losses Info CapitalGainsAndLossesInfo (4 entries)
| Description Of AssetDescriptionOfAsset | How AcquiredHowAcquired | Date SoldDateSold | Gross Sales PriceGrossSalesPrice | Cost Or Other BasisCostOrOtherBasis | Gain Or LossGainOrLoss | Gains Minus Excess Or LossesGainsMinusExcessOrLosses |
|---|---|---|---|---|---|---|
| Publicly Traded Securities | P | 2011-12-31 | 7263357 | 7029209 | 234148 | 234148 |
| 500000 Shs. Choice Hotels, Inc | D | 18735643 | 173670 | 18561973 | 18561973 | |
| Short-Term Gain-Allen Global Ptnrs. K-1 | P | 214698 | 214698 | |||
| Short-Term Gain-Allen Global Ptnrs. K-1 | P | 143243 | 143243 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | 19154062 | CapitalGainNetIncome |
| Net Short Term Capital Gain Or Loss | 448846 | NetShortTermCapitalGainOrLoss |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | 0 | LiableFor4942Tax |
| Qualifying Distributions Year1 | 9031105 | QualifyingDistributionsYear1 |
| Noncharitable Assets Year1 | 85297944 | NoncharitableAssetsYear1 |
| Distribution Ratio Year1 | 0.105877 | DistributionRatioYear1 |
| Qualifying Distributions Year2 | 10518515 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 84356533 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 0.124691 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 11952232 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 87130579 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 0.137176 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 9984307 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 90490722 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 0.110335 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 7614006 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 90351480 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 0.084271 | DistributionRatioYear5 |
| Total Distribution Ratio | 0.562350 | TotalDistributionRatio |
| Average Distribution Ratio | 0.112470 | AverageDistributionRatio |
| Net Noncharitable Assets | 163528737 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 18392077 | AdjustedNoncharitableAssets |
| One Percent Net Investment Income | 231248 | OnePercentNetInvestmentIncome |
| Adj Nonchrtbl Assets And One | 18623325 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 10547557 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 462496 | InvestmentIncomeExciseTax |
| Tax Under Section511 | 0 | TaxUnderSection511 |
| Subtotal | 462496 | Subtotal |
| Subtitle A Tax | 0 | SubtitleATax |
| Tax Based On Investment Income | 462496 | TaxBasedOnInvestmentIncome |
| Est Tax Payments And Overpayment | 482909 | EstTaxPaymentsAndOverpayment |
| Total Credits And Payments | 482909 | TotalCreditsAndPayments |
| Form2220 Attached | X | Form2220Attached |
| Overpayment | 20413 | Overpayment |
| Amount Credited To Next Year | 20413 | AmountCreditedToNextYear |
| Amount To Be Refunded | 0 | AmountToBeRefunded |
Statements Regarding Activities StatementsRegardingActivities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Activities | 0 | LegislativePoliticalActivities |
| More Than100 Spent | 0 | MoreThan100Spent |
| Form1120 POL Filed | 0 | Form1120POLFiled |
| Sect4955 Tax On Organization | 0 | Sect4955TaxOnOrganization |
| Sect4955 Tax On Managers | 0 | Sect4955TaxOnManagers |
| Reimbursement Of Tax | 0 | ReimbursementOfTax |
| Activities Not Prev Reported | 0 | ActivitiesNotPrevReported |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylaws |
| Unrelated Bus Income Over1000 | 0 | UnrelatedBusIncomeOver1000 |
| Termination Etc | 0 | TerminationEtc |
| Requirements Of Sect508e | 1 | RequirementsOfSect508e |
| At Least5000 In Assets | 1 | AtLeast5000InAssets |
| States Filed With | DC | StatesFiledWith |
| States Filed With | MD | StatesFiledWith |
| Form990 PF Filed With AG | 1 | Form990PFFiledWithAG |
| Private Operating Foundation | 1 | PrivateOperatingFoundation |
| New Substantial Contributors | 0 | NewSubstantialContributors |
| Interest In Controlled Entity | 0 | InterestInControlledEntity |
| Applicable Insurance Contract | 0 | ApplicableInsuranceContract |
| Comply With Public Inspection Rqr | 1 | ComplyWithPublicInspectionRqr |
| Website Address | www.cweal.org | WebsiteAddress |
Books In Care Of Business Name BooksInCareOfBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Foundation | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Books In Care Of Phone Number | 2404500000 | BooksInCareOfPhoneNumber |
Books In Care Of US Address BooksInCareOfUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10770 Columbia Pike Ste 150 | AddressLine1 |
| City | Silver Spring | City |
| State | MD | State |
| ZIP Code | 20901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Bank | 0 | ForeignBank |
Statements Regarding Acty4720 StatementsRegardingActy4720
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exchange With Dsqfly Person | 0 | SaleOrExchangeWithDsqflyPerson |
| Borrow Or Lend With Dsqfly Person | 0 | BorrowOrLendWithDsqflyPerson |
| Furnished Goods With Dsqfly Person | 1 | FurnishedGoodsWithDsqflyPerson |
| Pay Compensation To Dsqfly Person | 1 | PayCompensationToDsqflyPerson |
| Transfer Assets To Dsqfly Person | 0 | TransferAssetsToDsqflyPerson |
| Payment To Government Offical | 0 | PaymentToGovernmentOffical |
| Acts Fail To Qualify As Exceptions | 0 | ActsFailToQualifyAsExceptions |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActs |
| Undistributed Income Prior Years | 0 | UndistributedIncomePriorYears |
| Business Holdings | 1 | BusinessHoldings |
| Excess Business Holdings | 0 | ExcessBusinessHoldings |
| Jeopardy Investments | 0 | JeopardyInvestments |
| Uncorrected Jeopardy Investments | 0 | UncorrectedJeopardyInvestments |
| Influence Legislation | 0 | InfluenceLegislation |
| Influence Election | 0 | InfluenceElection |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Noncharitable Purpose | 0 | NoncharitablePurpose |
| Tr Fail To Qualify As Exceptions | 0 | TrFailToQualifyAsExceptions |
| Rcv Funds To Pay Prsnl Bnft Contract | 0 | RcvFundsToPayPrsnlBnftContract |
| Pay Premiums Prsnl Bnft Contract | 0 | PayPremiumsPrsnlBnftContract |
| Prohibited Tax Shelter Transactn | 0 | ProhibitedTaxShelterTransactn |
Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo
Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (12 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation | Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc | Expense Account Other AllowancesExpenseAccountOtherAllowances |
|---|---|---|---|---|---|---|---|---|
| Barbara Bainum | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Chair/President/CEO | 40.00 | 234697 | 20818 | 0 |
| Rozita Lagorce Green | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | CSO | 40.00 | 160952 | 19445 | 0 |
| Christopher Sharkey | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Vice President/CFO | 40.00 | 203821 | 21231 | 0 |
| Stewart Bainum | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Vice Chair | 1.00 | 0 | 0 | 0 |
| Bruce Bainum | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Roberta Bainum | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Alexander Froom | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Charles A Ledsinger | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| James Mac Cutcheon | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Garland Moore | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Scott Renschler | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
| Christine Shreve | ||||||||
| 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | Director | 1.00 | 0 | 0 | 0 |
Compensation Of Highest Paid Empl CompensationOfHighestPaidEmpl (5 entries)
| NameName | Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | TitleTitle | Average Hours Per WeekAverageHoursPerWeek | CompensationCompensation | Employee BenefitsEmployeeBenefits | Expense AccountExpenseAccount |
|---|---|---|---|---|---|---|---|---|---|
| Katarzyna Hlavaty | 10770 Columbia Pike | Silver Spring | MD | 20901 | Controller | 40.00 | 117559 | 17482 | 0 |
| Jane Parra | 10770 Columbia Pike | Silver Spring | MD | 20901 | Program Dir. | 40.00 | 126960 | 6830 | 0 |
| Christopher Thorn | 10770 Columbia Pike | Silver Spring | MD | 20901 | IT Director | 40.00 | 120791 | 10964 | 0 |
| Lisa Cooksey | 10770 Columbia Pike | Silver Spring | MD | 20901 | Dir. of Infor, | 32.00 | 105230 | 9994 | 0 |
| Virginia Gentilcore | 10770 Columbia Pike | Silver Spring | MD | 20901 | Program Dir. | 40.00 | 87900 | 2280 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Number Of Oth Empl Paid Over50k | 13 | TotNumberOfOthEmplPaidOver50k |
Compensation Of Hghst Paid Cntrct CompensationOfHghstPaidCntrct (2 entries)
| Address Line1USAddress/AddressLine1 | CityUSAddress/City | StateUSAddress/State | ZIP CodeUSAddress/ZIPCode | Type Of ServiceTypeOfService | CompensationCompensation |
|---|---|---|---|---|---|
| Chesapeake Coalition of Essential Sch | |||||
| PO Box 350 | North East | MD | 21901 | Consulting | 99544 |
| Trellon LLC CO Howard Park | |||||
| 1249 South Carolina Ave SE | Washington | DC | 20003 | Database Systems | 90020 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Number Of Cntrct Paid Over50k | 0 | TotNumberOfCntrctPaidOver50k |
Summary Of Direct Charitable Acty SummaryOfDirectCharitableActy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | Under the Pathways to Success umbrella, the Boarding and Day School Programs (BDSP) consist of Student Support Services (SSS), School Enhancement Program (SEP), Seventh-day Adventist Initiative (SDAI). SSS offers comprehensive direct services to BDSP scholars and the partner school community focused on the following core areas: scholarship, academic preparation and enrichment, civic and social engagement, career and workforce readiness, and mental health wellness. BDSP personnel visit the students at their schools, review the students' academic progress, and monitor the students' participation in employment or community service programs. Award amounts are determined on a case-by-case basis and could not exceed $6,500. Funds are distributed directly to the schools. A student's family must have an adjusted gross income equal to or less than the Foundation's income guidelines. For the year ended June 30 2012, 745 studenents were awarded financial assistance under SSS. | Description1 |
| Expenses1 | 3683931 | Expenses1 |
| Description2 | Some BDSP partner schools do not have systems and faculty in place to meet the Foundation's requirements to provide appropriate services to BDSP scholars. The Foundation offers School Enhancement Program (SEP) service contracts to help the partner schools fully implement Commonweal's BDSP. The purpose of the SEP is to provide qualifying BDSP partner schools training and technical assistance that equip the partner schools with the knowledge, skills and processes to improve student achievement. Since student achievement is closely linked to college and workforce readiness, the SEP Continuous School Improvement (CSI) is the Foundation's evidenced-based program model centered on building the capacity of partner schools to develop a vision with which to align all of their processes and continuously use data to evaluate whether the partner schools' instruction, curriculum, assessment and school processes improve learning outcomes for all students. | Description2 |
| Expenses2 | 753440 | Expenses2 |
| Description3 | Seventh-day Adventist Initiative (SDAI) offers comprehensive support to Seventh-day-Adventist schools to build their organizational effectiveness in the areas of board governance; leadership; instruction and curriculum; and, infrastructure and finance. Support for SDAI is provided through grants, service contracts, and direct technical assistance provided by Foundation staff. | Description3 |
| Expenses3 | 689424 | Expenses3 |
| Description4 | Also operating under the Pathways to Success umbrella, After School Programs (ASP) offer direct services to children living in underserved communities within the Washington, DC Metropolitan area. Two programs operate under ASP: 1) Learning Support Program (LSP) learning specialists provide tutoring in reading, writing and study skills to students in grades 1-12 with learning differences and/or Attention Deficit Hyperactivity Disorder (ADHD). Students attend tutoring and summer remediation 2 to 5 times/week in neighborhood libraries, schools, or community programs. 2) Partners-in-Learning Program (PINL) provides supplemental instruction in phonics, reading comprehension, and writing at collaborating school and community sites to children in K-12 who are in jeopardy of academic failure. PINL groups average 4 children, and meet 2 to 4 times/week. For the year ended June 30, 2012, 513 and 394 students were assisted through LSP and PINL, respectively. | Description4 |
| Expenses4 | 2102949 | Expenses4 |
Sum Of Program Related Investments SumOfProgramRelatedInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Minimum Investment Return MinimumInvestmentReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Avg Monthly FMV Of Securities | 125188992 | AvgMonthlyFMVOfSecurities |
| Avg Monthly Cash Balances | 15339111 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 25490919 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 166019022 | TotalFMVOfUnusedAssets |
| Reduction Claimed | 7194583 | ReductionClaimed |
| Acquisition Indebtedness | 0 | AcquisitionIndebtedness |
| Adj Total FMV Of Unused Assets | 166019022 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 2490285 | CashDeemedCharitable |
| Net Noncharitable Assets | 163528737 | NetNoncharitableAssets |
| Minimum Investment Return | 8176437 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | X | Sect4942j3j5FndtnAndFrgnOrg |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 10326783 | ExpensesAndContributions |
| Program Related Investments Total | 0 | ProgramRelatedInvestmentsTotal |
| Amounts Paid Acq Charitable Assets | 220774 | AmountsPaidAcqCharitableAssets |
| Qualifying Distributions | 10547557 | QualifyingDistributions |
| One Pct Sect4940e Org Net Invst Incm | 0 | OnePctSect4940eOrgNetInvstIncm |
| Adj Qualifying Distributions | 10547557 | AdjQualifyingDistributions |
Private Operating Foundations PrivateOperatingFoundations
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | X | Section4942j3 |
Lessor Adj Net Incm Min Invst Return LessorAdjNetIncmMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 4419593 | CurrentYear |
| Year1 | 3777818 | Year1 |
| Year2 | 1650561 | Year2 |
| Year3 | 1172548 | Year3 |
| Total | 11020520 | Total |
Percent85 Of Lessor Percent85OfLessor
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 3756654 | CurrentYear |
| Year1 | 3211145 | Year1 |
| Year2 | 1402977 | Year2 |
| Year3 | 996666 | Year3 |
| Total | 9367442 | Total |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 10547557 | CurrentYear |
| Year1 | 9031105 | Year1 |
| Year2 | 10535021 | Year2 |
| Year3 | 11970192 | Year3 |
| Total | 42083875 | Total |
Qlfy Distri Not Used Directly QlfyDistriNotUsedDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 2251169 | CurrentYear |
| Year1 | 526067 | Year1 |
| Year2 | 367172 | Year2 |
| Year3 | 363025 | Year3 |
| Total | 3507433 | Total |
Qlfy Distri Made Directly QlfyDistriMadeDirectly
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 8296388 | CurrentYear |
| Year1 | 8505038 | Year1 |
| Year2 | 10167849 | Year2 |
| Year3 | 11607167 | Year3 |
| Total | 38576442 | Total |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3Bi
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Two Thirds Min Invst Return TwoThirdsMinInvstReturn
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | 5450958 | CurrentYear |
| Year1 | 2843265 | Year1 |
| Year2 | 2811885 | Year2 |
| Year3 | 2904353 | Year3 |
| Total | 14010461 | Total |
Total Support TotalSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Public Support PublicSupport
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Largest Support From EO LargestSupportFromEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Gross Investment Income GrossInvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Supplementary Information SupplementaryInformation
Appication Submission Info AppicationSubmissionInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Name | The Commonweal Foundation | RecipientName |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 10770 Columbia PikeSuite 150 | AddressLine1 |
| City | Silver Spring | City |
| State | MD | State |
| ZIP Code | 20901 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone Number | 2404500000 | RecipientPhoneNumber |
| Form And Info And Materials | The Commonweal Foundation requires applicants to complete an online grant application. The application can be accessed at www.cweal.org. If organizations are unable to complete the online application they should contact the Grants Department staff by emailing grants@cweal.org before applying. Applicants must attach a list of Board of Directors (include term of service, leadership roles, and corporate affiliations), a current budget for entire organization and for specific project as per request, and details of board contributions (% of board that contributes, range of individual giving, and total board gifts for most recent fiscal year, excluding in-kind and gifts attributed to board member),and the current 990 and recent independent audit report. | FormAndInfoAndMaterials |
| Submission Deadlines | February 1 and August 1. | SubmissionDeadlines |
| Restrictions On Awards | The following guidelines help to direct the Foundation's funding decisions within the Community Assistance Grants Program: The Foundation will only consider requests that address the education needs of disadvantaged children and youth. We are particularly interested in helping organizations that implement strategies that foster partnership building. We consider requests for General Operating and Project specific support. Programs should be located in Washington, DC, Maryland, or Northern Virginia. The organization's Annual Operating Budget may not exceed $2,500,000. All programs must have a 501 (c) (3) private /public non-profit tax exempt status with the IRS. The maximum grant award under this program is $50,000. Organizations may submit a proposal for only one deadline within a 12 month period. Generally organizations that have received recent funding for 3 consecutive years must skip a year before re-applying. | RestrictionsOnAwards |
Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (14 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Takoma Academy | |||||||
| 8120 Carroll Ave | Takoma Park | MD | 20912 | None | 501c3 | Remedial Education Summer Bridge Program | $30,000 |
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | Renovation of Sligo & JNA Elementary Schools | $1,958,507 |
| Maranatha | |||||||
| 900 Reserve Drive Suite 100 | Roseville | CA | 95678 | None | 501c3 | EEC Buildings | $176,000 |
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | Takoma Academy Chapel Renovation | $85,881 |
| Arbor Day Foundation | |||||||
| 100 Arbor Ave | Nebraska City | NE | 68410 | None | 501c3 | General Operating/Mission | $10 |
| Archdiocese of Washington | |||||||
| PO Box 29260 | Washington | DC | 20002 | None | 501c3 | General Operating/Mission | $100 |
| Boys & Girls Club | |||||||
| 317 Comingo Ave | Joplin | MO | 68401 | None | 501c3 | General Operating/Mission | $25 |
| Latin American Youth Center | |||||||
| 1419 Columbia Rd NW | Washington | DC | 20009 | None | 501c3 | General Operating/Mission | $166 |
| Movember | |||||||
| PO Box 2726 | Venice | CA | 90294 | None | 501c3 | General Operating/Mission | $20 |
| Sharon Bible Fellowship | |||||||
| 6117 Seabrook Road | Lanham | MD | 20706 | None | 501c3 | General Operating/Mission | $225 |
| St Joseph's Indian School | |||||||
| 1301 N Main Street | Chamberlain | SD | 57325 | None | 501c3 | General Operating/Mission | $100 |
| The Smith Fund | |||||||
| 33 Elm Street | Northampton | MA | 01063 | None | 501c3 | General Operating/Mission | $50 |
| WGA Caddie Scholarship Fund Inc | |||||||
| 49 Knollwood Road Suite 220 | Elmsfort | NY | 10523 | None | 501c3 | General Operating/Mission | $60 |
| Women in Progress | |||||||
| PO Box 18323 | Minneapolis | MN | 55418 | None | 501c3 | General Operating/Mission | $25 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 2251169 | TotGrantOrContriPaidDuringYear |
Grant Or Contri Approved For Future GrantOrContriApprovedForFuture (8 entries)
| Address Line1RecipientUSAddress/AddressLine1 | CityRecipientUSAddress/City | StateRecipientUSAddress/State | ZIP CodeRecipientUSAddress/ZIPCode | Recipient RelationshipRecipientRelationship | Recipient Foundation StatusRecipientFoundationStatus | Purpose Of Grant Or ContributionPurposeOfGrantOrContribution | AmountAmount |
|---|---|---|---|---|---|---|---|
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | Olney Adventist Preparatory School | $1,500,000 |
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | Olney Adventist Preparatory School Matching Grant | $50,000 |
| Maranatha | |||||||
| 900 Reserve Drive Suite 100 | Roseville | CA | 95678 | None | 501c3 | EEC Buidlings | $1,824,000 |
| Florida Conference | |||||||
| PO Box 2626 | Winter Park | FL | 327902626 | None | 501c3 | Naples Adventist Church | $438,842 |
| Maranatha | |||||||
| 900 Reserve Drive Suite 100 | Roseville | CA | 95678 | None | 501c3 | Management, General, and Fundraising Expenses | $500,000 |
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | Takoma Academy Chapel Renovation | $264,119 |
| Potomac Conference | |||||||
| 606 Greenville Ave | Staunton | VA | 24401 | None | 501c3 | TA Cluster Renovation | $1,500,000 |
| Dickinson College | |||||||
| PO Box 1773 | Carlisle | PA | 17013 | None | 501c3 | General Operating/Mission | $100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Approved Future | 6077061 | TotGrantOrContriApprovedFuture |
Analysis Income Producing Acty AnalysisIncomeProducingActy
Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $2,825 | ExclusionAmount |
Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $4,077,976 | ExclusionAmount |
Other Investment Income Part VII OtherInvestmentIncomePartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 14 | ExclusionCode |
| Exclusion | $84,257 | ExclusionAmount |
Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion Code | 18 | ExclusionCode |
| Exclusion | $5,569,732 | ExclusionAmount |
Subtotals Part XVIA SubtotalsPartXVIA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Income | $0 | UnrelatedBusinessIncomeAmount |
| Exclusion | $9,734,790 | ExclusionAmount |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Part XVIA | 9734790 | TotalPartXVIA |
Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Noncharitable EO | 0 | TrnsfrOfCashToNoncharitableEO |
| Trnsfr Oth Assets Noncharitable EO | 0 | TrnsfrOthAssetsNoncharitableEO |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssets |
| Purchase Assets Noncharitable EO | 0 | PurchaseAssetsNoncharitableEO |
| Rental Of Facilities Etc | 0 | RentalOfFacilitiesEtc |
| Reimbursement Arrangements | 0 | ReimbursementArrangements |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuarantees |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtc |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtc |
| Relationships Noncharitable E Os | 0 | RelationshipsNoncharitableEOs |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | X | Organization501c3ExemptPF |
| General Rule | X | GeneralRule |
Contributor Info ContributorInfo (2 entries)
| Contributor NumberContributorNumber | Contributor Name IndividualContributorNameIndividual | Address Line1ContributorAddressUS/AddressLine1 | CityContributorAddressUS/City | StateContributorAddressUS/State | ZIP CodeContributorAddressUS/ZIPCode | Aggregate ContributionsAggregateContributions | Person Contribution TypePersonContributionType | Noncash Contribution TypeNoncashContributionType |
|---|---|---|---|---|---|---|---|---|
| 1 | Rose-Marie and Jack R Anderson Fnd | 16475 Dallas Parkway 735 | Addison | TX | 75001 | 40000 | X | |
| 2 | Stewart and Jane Bainum | 10770 Columbia Pike 150 | Silver Spring | MD | 20901 | 75014787 | X |
Noncash Property NoncashProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number From Part I | 2 | ContributorNumberFromPartI |
| Noncash Property Description | 3,000,000 Shares of Choice Hotel Intl., Inc. at $25.0049291 | NoncashPropertyDescription |
| Fair Market Value | 75014787 | FairMarketValue |
| Date Received | 2011-08-31 | DateReceived |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees AccountingFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Accounting | Category |
| Amount | $87,034 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 85555 | DisbursementsCharitablePrps |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanation (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Transactions qualifying for self-dealing exception (see Statement 27) | Form 990-PF, Part VII-B | During the year ended June 30, 2012, the Foundation was involved in certain transactions which qualify under the self-dealing exceptions described in Treasury Regulation 53.4941(d)-3.During Fiscal year 2012, the Foundation paid $30,623 for accounting professional services of Realty Investment Company, Inc., (Realty) a corporation controlled by the Principal Sponsors' family. This was conducted under a cost sharing arrangement as allowed under current tax regulations. |
| Continued explanation of blockage reduction (See Statement 29) | Form 990-PF, Part X line 1e | An independent appraisal of the 3,000,000 shares donated to the Foundation in 2011 was performed as of June 22, 2011 and the appraiser opined that the adjustment applicable to the 3,000,000 shares of CHH was 7.5%. An updated independent appraisal was performed as of June 30, 2012, Commonweal's fiscal year end in which the appraiser opined that the appropriate adjustment applicable to the remaining 2,700,000 shares of CHH owned as of that date was 9.5%.For the purpose of calculating the average monthly fair market value of CHH included in line 1a of Part X, the Foundation reduced the value of CHH by 7.5% from August 2011, when it received the 3,000,000 CHH shares, through May 2012, and for the month of June 2012, the reduction was 9.5%. |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corp Bonds InvestmentsCorpBonds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Bond | Corporate fixed income | NameOfBond |
| EOY Book Value | 24191320 | EOYBookValue |
| EOYFMV | 24191320 | EOYFMV |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corp Stock InvestmentsCorpStock
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Stock | Common stocks | NameOfStock |
| EOY Book Value | 97568955 | EOYBookValue |
| EOYFMV | 97568955 | EOYFMV |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Securities EOY Book Value | 0 | USGovtSecuritiesEOYBookValue |
| US Govt Securities EOYFMV | 0 | USGovtSecuritiesEOYFMV |
| State Local Securities EOY Book Val | 8297356 | StateLocalSecuritiesEOYBookVal |
| State Local Securities EOYFMV | 8297356 | StateLocalSecuritiesEOYFMV |
Investments Land Schedule2 InvestmentsLandSchedule2
Investment Land InvestmentLand (2 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| Office expansion | 83952 | 83952 | 0 | 0 |
| Land | 874057 | 0 | 874057 | 874057 |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOther (2 entries)
| Category Or ItemCategoryOrItem | Listed At Cost Or FMVListedAtCostOrFMV | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| Investment in limited partnership | FMV | 25536350 | 25536350 |
| Certificate of deposits | FMV | 3808842 | 3808842 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtc (4 entries)
| Category Or ItemCategoryOrItem | Cost Or Other BasisCostOrOtherBasis | Accumulated DepreciationAccumulatedDepreciation | Book ValueBookValue | EOYFMVEOYFMV |
|---|---|---|---|---|
| Computer hardware | 156157 | 100490 | 55667 | 55667 |
| Furniture and equipment | 82601 | 55070 | 27531 | 27531 |
| Telephone system | 30004 | 1071 | 28933 | 28933 |
| Computer software | 288205 | 149875 | 138330 | 138330 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Legal | Category |
| Amount | $24,244 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 16288 | DisbursementsCharitablePrps |
Other Assets Schedule OtherAssetsSchedule
Other Assets OtherAssets (2 entries)
| DescriptionDescription | BOY Book ValueBOYBookValue | EOY Book ValueEOYBookValue | EOYFMVEOYFMV |
|---|---|---|---|
| Accrued interest/dividend receivable | 322242 | 731556 | 731556 |
| Federal excise tax receivable | 0 | 40000 | 40000 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses OtherExpenses (13 entries)
| DescriptionDescription | Revenue And Expenses Per BooksRevenueAndExpensesPerBooks | Net Investment IncomeNetInvestmentIncome | Adjusted Net IncomeAdjustedNetIncome | Disbursements Charitable PrpsDisbursementsCharitablePrps |
|---|---|---|---|---|
| Bank fees | 7368 | 7368 | 7368 | 0 |
| Equipment and maintenance | 28752 | 0 | 0 | 26114 |
| Dues and subscription | 23854 | 0 | 0 | 40729 |
| Staff recruiting | 46016 | 0 | 0 | 45671 |
| Insurance | 36324 | 0 | 0 | 37188 |
| Office supplies | 35901 | 0 | 0 | 39269 |
| Postage and delivery | 6647 | 511 | 511 | 8936 |
| Student expenses | 43726 | 0 | 0 | 43330 |
| Telehpone | 14659 | 0 | 0 | 13380 |
| School Enhancement Contracts | 721430 | 0 | 0 | 452615 |
| Scholarships | 2746532 | 0 | 0 | 2434046 |
| Allocation of Corporate G&A | 0 | 82739 | 82739 | -82739 |
| Micellaneous | 10231 | 0 | 0 | 10159 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income OtherIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Non-Capital Gain(Loss) from Allen Global K-1 | Description |
| Revenue And Expenses Per Books | 84257 | RevenueAndExpensesPerBooks |
| Net Investment Income | 84257 | NetInvestmentIncome |
| Adjusted Net Income | 84257 | AdjustedNetIncome |
Other Increases Schedule OtherIncreasesSchedule
Other Increases OtherIncreases
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Unrealized gain on investments | Description |
| Amount | $27,536,323 | Amount |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Deferred federal excise tax payable | Description |
| BOY Book Value | 11053 | BOYBookValue |
| EOY Book Value | 1854177 | EOYBookValue |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees OtherProfessionalFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Other professional fees | Category |
| Amount | $339,075 | Amount |
| Net Investment Income | 9841 | NetInvestmentIncome |
| Adjusted Net Income | 9841 | AdjustedNetIncome |
| Disbursements Charitable Prps | 347524 | DisbursementsCharitablePrps |
Reduction Explanation Statement ReductionExplanationStatement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Explanation | In August 2011, the Foundation received a contribution of 3,000,000 shares representing over 5% of Choice Hotels International (CHH or Company), a public company traded on the New York Stock Exchange. The donors are affiliates of CHH and they and their descendants own 47% of the Company. Further, the Chairman of the Board of the Foundation and two Directors are affiliates of CHH by virtue of their ownership and one of the other Foundation Directors is an affiliate by virtue of being a CHH Director. Given these relationships and the size of the position that the Foundation owns in CHH, the Foundation has been treated as an affiliate and, thus, it is subject to Securities and Exchange Commission (SEC) restrictions on the timing and manner of selling its CHH stock including SEC Rule 144. (See Statement 28 and 29 for additional explanation.) | Explanation |
Taxes Schedule TaxesSchedule
Taxes Taxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Federal excise tax | Category |
| Amount | $2,318,125 | Amount |
| Net Investment Income | 0 | NetInvestmentIncome |
| Adjusted Net Income | 0 | AdjustedNetIncome |
| Disbursements Charitable Prps | 515000 | DisbursementsCharitablePrps |
Comments