Commonwealth Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222543558 ✦ Berkeley, CA ✦ Designated as a 501(c)(3)

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Overview

What is Commonwealth Foundation Inc?

Commonwealth Foundation Inc is a nonprofit organization situated in Berkeley, California, with its address at 1442 A Walnut Street 42. Their primary focus is conducting research and providing education on various public policy issues. The organization is dedicated to contributing knowledge and insights to shape and influence public policy discussions, aiming to foster a more informed and engaged community.


Official website here: www.commw.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 84%, Three-Star out of Four Star rating.

Commonwealth Foundation Inc has earned an 84% rating, highlighting its strong accountability and financial management. The score is derived solely from its accountability and finance metrics, with the organization scoring particularly well in areas such as independent board membership and financial statements, both of which received top marks. The organization has effectively demonstrated transparency in its financial practices, with no reported material diversions of assets.

However, there are noted limitations, particularly regarding governance policies. The charity lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are critical for ensuring ethical practices within organizations. While these gaps do not seem to detract significantly from its overall performance, addressing them could strengthen the foundation's governance framework. Overall, Commonwealth Foundation Inc shows strong financial health and operational integrity, but could benefit from enhancing its policy framework.


This AI summary has been generated from information found on Charity Navigator.

Is Commonwealth Foundation Inc legitimate?

Commonwealth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.commw.org

What is the mission statement of Commonwealth Foundation Inc?

The Commonwealth Foundation Inc is dedicated to conducting research and providing education on various public policy issues. Their mission is centered around gaining insights and disseminating knowledge in this domain. Through their activities, they aim to contribute to informed discussions and decisions on public policy matters. The foundation focuses on gathering and analyzing data, as well as engaging with stakeholders to promote a better understanding of these issues. Their goal is to encourage evidence-based policy-making, ultimately contributing to societal progress.


Official website here: www.commw.org

Who is the CEO of Commonwealth Foundation Inc?

Richard Healey is the Chair of Commonwealth Foundation Inc.


Official website here: www.commw.org

What is the revenue of Commonwealth Foundation Inc?

Commonwealth Foundation Inc's revenue in 2022 was $858,134.


Official website here: www.commw.org

Who are the executives of Commonwealth Foundation Inc and what are their salaries?

There 4 volunteers at Commonwealth Foundation Inc.


Here are 4 key members and their salaries:


Richard Healey (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlene Sinclair (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Tanake (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Smucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.commw.org

Where can I find the form 990 for Commonwealth Foundation Inc?

Commonwealth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.commw.org

Learn more at the official website: www.commw.org

Mission Statement of Commonwealth Foundation Inc

The Commonwealth Foundation Inc is committed to conducting research and providing education on various public policy issues. Their mission is centered around this dual focus, aiming to contribute valuable insights and promote informed discussions on these matters. By delving into public policy issues, the organization aims to foster a more informed and engaged public, ultimately contributing to more effective policy-making processes.

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Impact




October, 2024

Commonwealth Foundation Inc significantly impacts public policy discourse through its dedicated research and educational efforts. Based in Berkeley, CA, the organization focuses on delivering in-depth analysis and accessible information about various public policy issues. By fostering informed discussions and enhancing understanding of complex topics, Commonwealth Foundation Inc empowers individuals and communities to engage thoughtfully with the policies that affect their lives. Its commitment to education and research equips citizens and policymakers with valuable insights, facilitating better decision-making processes and promoting accountability in governance. Through its work, the foundation contributes to a more informed and engaged public, ultimately shaping a more responsive and responsible policy landscape.




This information is meant to be a general summary of Commonwealth Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$858,134 (2022)
Expenses
$925,887 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $21,732
  • Gross Receipts: $858,134

Assets and Liabilities:

  • Total Assets: $471,285
  • Total Liabilities: $50,800
  • Net Assets: $420,485

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM SERVICE FEES

Revenue

$21,732

Organization Details

Founding Year

1987

Principal Officer

Richard Healey

Main Address

1442 A WALNUT STREET 42, BERKELEY, CA, 94709

NTEE Category

Code: Z99Z - Unknown

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