COMMONWEALTH FOUNDATION INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
COMMONWEALTH FOUNDATION INC (EIN 22-2543558)
Tax period
2011-01-01 to 2011-12-31
Filed
2012-11-09
IRS object ID
201243149349301524
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 ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-11-09T12:14:22-06:00Timestamp
Tax Period End Date2011-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1SANDBERG & CREEDEN PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1331 PAGE ST STE 2AddressLine1
CitySTOUGHTONCity
StateMAState
ZIP Code020721172ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN222543558EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1COMMONWEALTH FOUNDATION INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlCOMMNameControl
Phone6175474474Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1186 HAMPSHIRE STREETAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameNETA CRAWFORDName
TitleTREASURERTitle
Phone6175474474Phone
Date Signed2012-07-20DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameTHERESA J CREEDENName
Phone7813440850Phone
Date Prepared2012-11-09DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonCHARLES KNIGHTNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1186 HAMPSHIRE STREETAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
Gross Receipts265752GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.COMW.ORGWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation1983YearFormation
State Legal DomicileMAStateLegalDomicile
Activity Or Mission DescriptionRESEARCH ON AND EDUCATION ABOUT PUBLIC POLICY ISSUESActivityOrMissionDescription
Nbr Voting Members Governing Body8NbrVotingMembersGoverningBody
Nbr Independent Voting Members7NbrIndependentVotingMembers
Total Nbr Employees2TotalNbrEmployees
Total Nbr Volunteers1TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year250489ContributionsGrantsPriorYear
Contributions Grants Current Year255514ContributionsGrantsCurrentYear
Program Service Revenue Prior Year12249ProgramServiceRevenuePriorYear
Program Service Revenue CY10237ProgramServiceRevenueCY
Investment Income Prior Year4InvestmentIncomePriorYear
Investment Income Current Year1InvestmentIncomeCurrentYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year262742TotalRevenuePriorYear
Total Revenue Current Year265752TotalRevenueCurrentYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year86003SalariesEtcPriorYear
Salaries Etc Current Year110508SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year120044OtherExpensePriorYear
Other Expenses Current Year116685OtherExpensesCurrentYear
Total Expenses Prior Year206047TotalExpensesPriorYear
Total Expenses Current Year227193TotalExpensesCurrentYear
Revenues Less Expenses Prior Year56695RevenuesLessExpensesPriorYear
Revenues Less Expenses CY38559RevenuesLessExpensesCY
Total Assets BOY103474TotalAssetsBOY
Total Assets EOY141403TotalAssetsEOY
Total Liabilities BOY6383TotalLiabilitiesBOY
Total Liabilities EOY5753TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY97091NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY135650NetAssetsOrFundBalancesEOY
Mission DescriptionRESEARCH ON AND EDUCATION ABOUT PUBLIC POLICY ISSUESMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense140827Expense
Revenue266266Revenue
DescriptionPDA PROJECT - PROJECT ON DEFENSE ALTERNATIVES WHICH SEEKS TO ADAPT SECURITY POLICY TO THE CHALLENGES AND OPPORTUNITIES OF THE POST-COLD WAR ERA.Description

Activity2 Activity2

FieldValueIRS element (for citing)
Expense26719Expense
Revenue31500Revenue
DescriptionPROGRESSIVE STRATEGIES STUDY PROJECTDescription

Activity3 Activity3

FieldValueIRS element (for citing)
Expense21285Expense
Revenue17100Revenue
DescriptionOTHER PROJECTS AND EDUCATIONAL ACTIVITIES ON POLICY ISSUESDescription
FieldValueIRS element (for citing)
Total Program Service Expense188831TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10968NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingtrueComplianceWithBackupWitholding
Number Of Employees2NumberOfEmployees
Employment Tax Returns FiledtrueEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionstrueNonDeductibleContributions
Non Deductible DisclosuretrueNonDeductibleDisclosure
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members8NbrVotingGoverningBodyMembers
Number Independent Voting Members7NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOtrueCompensationProcessCEO
Compensation Process OthertrueCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
States Where Copy Of Return Is FiledMAStatesWhereCopyOfReturnIsFiled
Other WebsiteXOtherWebsite
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonCORPORATIONNamePerson
Telephone Number6175474474TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1186 HAMPSHIRE STAddressLine1
CityCAMBRIDGECity
StateMAState
ZIP Code02139ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
CHARLES KNIGHT
PRES/CO DIRE5.00XX000
NETA CRAWFORD
TREASURER5.00XX000
SM MILLER
CLERK5.00XX000
MARK DYEN
DIRECTOR5.00X000
MEG GAGE
DIRECTOR5.00X000
RICHARD HEALEY
DIRECTOR5.00X000
GUY MOLYNEUX
DIRECTOR5.00X000
CYNTHIA WARD
DIRECTOR5.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions255514AllOtherContributions
Total Contributions255514TotalContributions

Program Service Revenue ProgramServiceRevenue (2 entries)

DescriptionDescriptionTotal Revenue ColumnTotalRevenueColumnRelated Or Exempt Function IncomeRelatedOrExemptFunctionIncome
RENTAL EXCESS SPACE1016010160
OTHER FEES7777
FieldValueIRS element (for citing)
Total Program Service Revenue10237TotalProgramServiceRevenue

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1TotalRevenueColumn
Exclusion$1ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column265752TotalRevenueColumn
Related Or Exempt Function Income10237RelatedOrExemptFunctionIncome
Exclusion$1ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total94604Total
Program Services94604ProgramServices

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total8940Total
Program Services8940ProgramServices

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total6964Total
Program Services6964ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total2500Total
Management And General2500ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total83974Total
Program Services70069ProgramServices
Management And General13905ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total9788Total
Program Services5283ProgramServices
Management And General4505ManagementAndGeneral

Information Technology InformationTechnology

FieldValueIRS element (for citing)
Total4468Total
Program Services2593ProgramServices
Management And General1875ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total14199Total
Management And General14199ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total403Total
Program Services378ProgramServices
Management And General25ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total1353Total
Management And General1353ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total227193Total
Program Services188831ProgramServices
Management And General38362ManagementAndGeneral
Fundraising0Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY59292BOY
EOY122286EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY42000BOY
EOY18000EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY2182BOY
EOY1117EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY103474BOY
EOY141403EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY5343BOY
EOY5753EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY1040BOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY6383BOY
EOY5753EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY55091BOY
EOY117650EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY42000BOY
EOY18000EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY97091BOY
EOY135650EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY103474BOY
EOY141403EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses38559ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewtrueAccountantCompileOrReview
FS AuditedfalseFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years263515CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years384406CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years178971CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year250489CurrentTaxYearMinus1Year
Current Tax Year255514CurrentTaxYear
Total1332895Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years263515CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years384406CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years178971CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year250489CurrentTaxYearMinus1Year
Current Tax Year255514CurrentTaxYear
Total1332895Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total384992AmountsSubstContributorsTotal
Public Support Total170947903PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years7561CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3296CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years24CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year4CurrentTaxYearMinus1Year
Current Tax Year1CurrentTaxYear
Total10886Total
FieldValueIRS element (for citing)
Total Support1343781TotalSupport
Gross Receipts From Admissions Etc69661GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.70540PublicSupportPertcentage170
Public Support Pertcent Prior Year0.72710PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
EXPLANATION ON VOLUNTEERS AND TYPES OF SERVICES OR BENEFITSFORM 990, PAGE 1, PART I, LINE 6THE MANAGEMENT SERVICES ARE PROVIDED AT NO CHARGE BY THE BOARD PRESIDENT AT AN ESTIMATED VALUE OF 66,000.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BA PDF VERSION OF THE RETURN IS REVIEWED BY ALL BOARD MEMBERS.
COMPENSATION PROCESS FOR TOP OFFICIALFORM 990, PAGE 6, PART VI, LINE 15AMANAGEMENT SERVICES OF THE ORGANIZATION ARE PROVIDED AT NO CHARGE.
COMPENSATION PROCESS FOR OFFICERSFORM 990, PAGE 6, PART VI, LINE 15BALL OTHER EMPLOYEES ARE COMPENSATED AT INDUSTRY STANDARDS AND ANNUALLY APPROVED BY THE BOARD IN THE ANNUAL BUDGET PROCESS.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19COPIES OF GOVERNING DOCUMENTS ARE AVAILABLE ON THE STATE WEBSITE AND UPON REQUEST.

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