EIN 85-0781875

Commonwealth Impact Foundation

Name: Commonwealth Impact Foundation financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Indianapolis

State

Indiana

Year formed

2020

Most recent tax filings

2022-12-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Commonwealth Impact Foundation harnesses entrepreneurial talent to create more opportunities for everyone to flourish. The foundation recognizes that the world is facing challenges despite unprecedented prosperity, and aims to use the same entrepreneurial talent that creates wealth to create more opportunity. It grows an impact investing network in 15 cities through its CW City Fund, aimed at funding venture philanthropy and VC/PE deals for community renewal. Additionally, Commonwealth sponsors select private offerings through CW Ventures for companies advancing market solutions.

Total revenues

$11,685,333

2022

Total expenses

$1,796,879

2022

Total assets

$16,611,239

2022

Num. employees

2022

Program areas at Commonwealth Impact Foundation

Cw city fund: Commonwealth is growing an Impact investing network in 15 cities to fund venture philanthropy and vc/pe deals aimed at community renewal.cw ventures: Commonwealth sponsors select private offerings for companies advancing market solutions to the world's biggest problems, including the wealth gap between white families and black families in america and access to quality health care and mental health services.

Grants made by Commonwealth Impact Foundation

Grantee	Grant description	Grant year	Amount
National Christian Foundation of Indiana	Mission Support	2022-12	$191,232

Who funds Commonwealth Impact Foundation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
National Christian Foundation / Natl Christian Charitable FDN Inc	2022-12	Growth	$2,088,910
WaterStone	2022-03	General Support	$234,000
Sagamore Institute	2022-12	Grants	$200,000
...and 5 more grants received

Personnel at Commonwealth Impact Foundation

Name	Title	Compensation	Date of data
Jay Hein	Chief Executive Officer	$25,000	2023-11-15
Rich Westlake	Chief Financial Officer		2022-10-26
Mike Humphrey	Former Chairman / Board Chairman	$0	2022-12-31

Financials for Commonwealth Impact Foundation

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$9,979,682	$5,450,469	83.1%
Program services	$0	$0	-
Investment income and dividends	$71,637	$13,537	429.2%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$-4,359	$0	-999%
Net gain from sale of non-inventory assets	$-6,955	$0	-999%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$1,645,328	$290,968	465.5%
Total revenues	$11,685,333	$5,754,974	103%

Form 990s for Commonwealth Impact Foundation

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-11-15	990	View PDF
2021-12	2022-10-26	990	View PDF

Organizations like Commonwealth Impact Foundation

Organization	Type	Location	Revenue
National Basketball Association Foundation	501(c)(3)	New York, NY	$31,418,969
Regional Industrial Development Corporation (RIDC)	501(c)(3)	Pittsburgh, PA	$13,086,181
Hawaii Community Lending	501(c)(3)	Hilo, HI	$20,239,640
Greater Northwest Kansas Community Foundation	501(c)(3)	Bird City, KS	$31,578,418
Gateway Economic Development Corporation of Greater Cleveland	501(c)(3)	Cleveland, OH	$32,203,082
Milwaukee Development Corporation	501(c)(3)	Milwaukee, WI	$23,219,043
Buffalo Urban Development Corporation	501(c)(3)	Buffalo, NY	$8,441,091
Science Park Development Corporation	501(c)(3)	New Haven, CT	$3,846,142
Rising Tide Community Loan Fund	501(c)(3)	Bethlehem, PA	$8,811,127
ProvPort	501(c)(3)	Providence, RI	$11,716,204

Data update history

January 7, 2024

Posted financials

Added Form 990 for fiscal year 2022

January 6, 2024

Updated personnel

Identified 1 new personnel

December 26, 2023

Used new vendors

Identified 1 new vendor, including

December 23, 2023

Received grants

Identified 5 new grant, including a grant for $2,088,910 from National Christian Foundation / Natl Christian Charitable FDN Inc

November 25, 2023

Posted financials

Added Form 990 for fiscal year 2021

Nonprofit Types

Grantmaking organizationsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

Operates donor advised fundsTax deductible donationsNo full-time employees

General information

Address: PO Box 301076; Indianapolis, IN 46230
Metro area: Indianapolis-Carmel-Anderson, IN
County: Marion County, IN
Website URL: cwimpact.org/
Phone: (317) 472-2020

IRS details

EIN: 85-0781875
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2020
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: S31: Urban, Community Economic Development
NAICS code, primary: 813211: Grantmaking Foundations
Parent/child status: Independent

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Commonwealth Impact Foundation

Program areas at Commonwealth Impact Foundation

Grants made by Commonwealth Impact Foundation

Who funds Commonwealth Impact Foundation

Personnel at Commonwealth Impact Foundation

Financials for Commonwealth Impact Foundation

Form 990s for Commonwealth Impact Foundation

Organizations like Commonwealth Impact Foundation

Nonprofits

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