Civic Intelligence

Commonwealth Charitable Management Inc.

990 • Fiscal year 2019 • EIN 30-0011355

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 24, 2020

270 Lake AvenueMontrose, PA 18801

(570) 278-3800

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.07x

Higher debt load relative to revenue than 24% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

91st percentile

50%

Higher net margin than 91% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

90th percentile

33%

Faster asset growth than 90% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

87th percentile

39%

Faster revenue growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Up

$19,251,777

Up $4,723,424 (+33%) from 2018

Net Assets

Up

$18,822,500

Up $4,697,970 (+33%) from 2018

Liabilities

Up

$429,277

Up $25,454 (+6.3%) from 2018

Revenue

Up

$5,766,833

Up $1,624,668 (+39%) from 2018

Expenses

Up

$2,868,825

Up $548,389 (+24%) from 2018

Net Income

Up

$2,898,008

Up $1,076,279 (+59%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $5,912,140Liabilities 2010: $1,200,908Net Assets 2010: $4,711,2322010Assets 2011: $6,177,954Liabilities 2011: $1,002,079Net Assets 2011: $5,175,8752011Assets 2012: $8,954,170Liabilities 2012: $799,244Net Assets 2012: $8,154,9262012Assets 2013: $8,895,216Liabilities 2013: $930,308Net Assets 2013: $7,964,9082013Assets 2018: $14,528,353Liabilities 2018: $403,823Net Assets 2018: $14,124,5302018Assets 2019: $19,251,777Liabilities 2019: $429,277Net Assets 2019: $18,822,5002019Assets 2020: $23,387,891Liabilities 2020: $550,245Net Assets 2020: $22,837,6462020Assets 2021: $27,658,427Liabilities 2021: $604,211Net Assets 2021: $27,054,2162021Assets 2022: $25,010,751Liabilities 2022: $624,166Net Assets 2022: $24,386,5852022Assets 2024: $34,872,526Liabilities 2024: $707,642Net Assets 2024: $34,164,8842024

Highlighted filing

2019

Assets$19,251,777
Liabilities$429,277
Net Assets$18,822,500

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $430,2672010Expenses 2011: $610,9992011Expenses 2012: $1,722,7262012Revenue 2013: $2,195,500Expenses 2013: $2,970,001Net Income 2013: -$774,5012013Revenue 2018: $4,142,165Expenses 2018: $2,320,436Net Income 2018: $1,821,7292018Revenue 2019: $5,766,833Expenses 2019: $2,868,825Net Income 2019: $2,898,0082019Revenue 2020: $6,488,540Expenses 2020: $4,349,733Net Income 2020: $2,138,8072020Revenue 2021: $8,442,994Expenses 2021: $4,962,939Net Income 2021: $3,480,0552021Revenue 2022: $8,581,803Expenses 2022: $5,382,016Net Income 2022: $3,199,7872022Revenue 2024: $12,309,841Expenses 2024: $8,867,528Net Income 2024: $3,442,3132024

Highlighted filing

2019

Revenue$5,766,833
Expenses$2,868,825
Net Income$2,898,008
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 24, 2020
Return Version
2019v5.0
Gross Receipts
$6,320,138
Mission and Program Overview

Mission

Grant awards to charitable programs and organizations in the endless mountains area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,674,892$14,034,428▲ $3,359,536
Cash and Non-Interest-Bearing Accounts$1,382,587$2,809,653▲ $1,427,066
Land, Buildings, and Equipment, Net$2,470,288$2,392,366▼ $77,922
Accounts Receivable$586$1,121▲ $535
Total Assets$14,528,353$19,251,777▲ $4,723,424
Other Assets Total-$14,209-
Liabilities
Unsecured Notes Loans Payable$400,000$400,000→ $0
Accounts Payable and Accrued Expenses$3,823$29,277▲ $25,454
Total Liabilities$403,823$429,277▲ $25,454
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,874,107$16,597,835▲ $4,723,728
Net Assets Without Donor Restrictions$2,250,423$2,224,665▼ $25,758
Total Net Assets Fund Balance$14,124,530$18,822,500▲ $4,697,970
Total Liabilities and Net Assets / Fund Balance$14,528,353$19,251,777▲ $4,723,424

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,211,075$710,960$2,922,035
Other Land Buildings$101,389$26,490$127,879
Equipment$23,902$69,220$93,122
Land$56,000-$56,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Earle WoottonChairman & C
Peter QuiggPresident
William LewisVice Chair &
Craig BestBoard Member
George StarkBoard Member
Jason LeggBoard Member
Joe HuntBoard Member
Karl a Kail IvBoard Member
Mark CarpenterBoard Member
Robert BrownBoard Member
Robert McnamaraBoard Member
Sandra MajorBoard Member
Thomas ChamberlainBoard Member
Dr Arthur SherwoodDirector Eme
James MayDirector Eme
Marian S MiskellDirector Eme
Rick LochenDirector Eme
Fran LymanAssistant Se
Cristine ClaytonExecutive Di
Ken GoodyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,144,117
Program Service Revenue
$811,952
Investment Income
$801,062
Other Revenue
$9,702
All Other Contributions
$4,144,117
Change in Net Assets
$2,898,008

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,766,833
Revenue Not Reported on Form 990
$1,799,962
Total Revenue per Audited Statements
$7,566,795
Total Revenue per Form 990
$5,766,833
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,136,692
Other Expenses$467,669
Salaries, Compensation, and Employee Benefits$264,464
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,136,692--$2,136,692
Other Salaries and Wages$229,415$14,643-$244,058
Fees for Services Other$181,372--$181,372
Depreciation Depletion$95,962$6,125-$102,087
Fees for Services Management$65,994$21,191-$87,185
Occupancy$28,732$1,834-$30,566
Advertising$22,546--$22,546
Payroll Taxes$19,182$1,224-$20,406
Office Expenses$15,450$259-$15,709
Information Technology$8,084$335-$8,419
Fees for Services Accounting-$5,840-$5,840
Insurance-$5,502-$5,502
Travel-$2,618-$2,618
Other Expenses$990$696-$696
All Other Expenses$674--$674
Interest-$333-$333
Fees for Services Legal-$79-$79
Total Functional Expenses$2,806,266$62,559$0$2,868,825

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,868,825
Total Expenses per Audited Statements$2,868,825
Total Expenses per Form 990$2,868,825
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various Scholarship---$2,136,692
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,897
Fundraising Direct Expenses$2,505
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Board approves everything

Form 990, Page 6, Part VI, Line 6

BOARD MEMBERS

Form 990, Page 6, Part VI, Line 7A

VOTING AT MEETINGS

Form 990, Page 6, Part VI, Line 7B

VOTED ON AT MEETINGS

Form 990, Page 6, Part VI, Line 11B

990 prepared by independent accountant who obtains a verbal approval from board members before filing.

Form 990, Page 6, Part VI, Line 15A

Voted on by board members

Form 990, Page 6, Part VI, Line 15B

Voted on by board members

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Commonwealth Charitable Management
EIN
30-0011355
Phone
5702783800
Address
270 LAKE AVENUE, MONTROSE, PA 18801

Signing Officer

Name
Earle Wootton
Title
Chairman & CEO
Phone
5702783800
Signed
2020-06-24

Organization Details

Principal Officer
Earle Wootton
Formed
2003
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
6

Preparer

Firm
Lochen and Chase Pc
Address
83 E TIOGA ST STE 2, TUNKHANNOCK, PA 18657-1601
Preparer
Gordon W Chase CPA
Phone
5708363868
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