Civic Intelligence

Commonwealth Charitable Management Inc.

990 • Fiscal year 2021 • EIN 30-0011355

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 22, 2022

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.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

20th percentile

0.07x

Higher debt load relative to revenue than 20% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$135,551

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

68th percentile

18%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

70th percentile

30%

Faster revenue growth than 70% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$27,658,427

Up $4,270,536 (+18%) from 2020

Net Assets

Up

$27,054,216

Up $4,216,570 (+18%) from 2020

Liabilities

Up

$604,211

Up $53,966 (+9.8%) from 2020

Revenue

Up

$8,442,994

Up $1,954,454 (+30%) from 2020

Expenses

Up

$4,962,939

Up $613,206 (+14%) from 2020

Net Income

Up

$3,480,055

Up $1,341,248 (+63%) from 2020

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

2021

Assets$27,658,427
Liabilities$604,211
Net Assets$27,054,216

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

2021

Revenue$8,442,994
Expenses$4,962,939
Net Income$3,480,055
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 22, 2022
Return Version
2021v4.0
Gross Receipts
$9,571,686
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$17,309,323$21,973,753▲ $4,664,430
Cash and Non-Interest-Bearing Accounts$3,696,084$3,408,713▼ $287,371
Land, Buildings, and Equipment, Net$2,343,424$2,248,677▼ $94,747
Pledges and Grants Receivable$30,000--
Accounts Receivable$9,060--
Total Assets$23,387,891$27,658,427▲ $4,270,536
Other Assets Total-$27,284-
Liabilities
Unsecured Notes Loans Payable$500,000$600,000▲ $100,000
Accounts Payable and Accrued Expenses$50,245$4,211▼ $46,034
Total Liabilities$550,245$604,211▲ $53,966
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,687,371$25,235,646▲ $4,548,275
Net Assets Without Donor Restrictions$2,150,275$1,818,570▼ $331,705
Total Net Assets Fund Balance$22,837,646$27,054,216▲ $4,216,570
Total Liabilities and Net Assets / Fund Balance$23,387,891$27,658,427▲ $4,270,536

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,075,888$895,405$2,971,293
Other Land Buildings$90,345$37,534$127,879
Equipment$26,444$77,219$103,663
Land$56,000-$56,000
Compensation and Service Providers

Employees

NameTitleBaseTotal
Cristine ClaytonExecutive Di$135,551$135,551

Board Members and Trustees

NameTitle
Earle WoottonChairman
Peter QuiggPresident
William LewisVice Chairma
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
Thomas ChamberlainBoard Member
Dr Arthur SherwoodDirector Eme
James MayDirector Eme
Marian S MiskellDirector Eme
Rick LochenDirector Eme
Sandra MajorDirector Eme
Jill SwingleSecretary
Ken GoodyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,809,667
Program Service Revenue
$996,576
Investment Income
$1,549,933
Other Revenue
$86,818
All Other Contributions
$5,809,667
Change in Net Assets
$3,480,055

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,442,994
Total Revenue per Audited Statements
$8,442,994
Total Revenue per Form 990
$8,442,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,924,430
Other Expenses$592,324
Salaries, Compensation, and Employee Benefits$446,185
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,924,430--$3,924,430
Other Salaries and Wages$388,374$24,790-$413,164
Fees for Services Other$297,839--$297,839
Depreciation Depletion$97,405$6,217-$103,622
Fees for Services Management$66,650$23,651-$90,301
Payroll Taxes$31,040$1,981-$33,021
Occupancy$27,464$1,753-$29,217
Advertising$21,225--$21,225
Office Expenses$15,192$468-$15,660
Information Technology$11,920$381-$12,301
Insurance-$7,147-$7,147
Fees for Services Accounting-$6,800-$6,800
All Other Expenses$1,047--$1,047
Other Expenses$2,128$1,007-$1,007
Interest-$208-$208
Travel-$107-$107
Total Functional Expenses$4,887,298$75,641$0$4,962,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,962,939
Total Expenses per Audited Statements$4,962,939
Total Expenses per Form 990$4,962,939
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Various Scholarship---$3,924,430
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,310
Fundraising Direct Expenses$131
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
Cristine Clayton
Title
Executive Director & CEO
Phone
5702783800
Signed
2022-07-22

Organization Details

Principal Officer
Cristine Clayton
Formed
2003
Legal Domicile
Pa
Voting Board Members
20
Independent Board Members
20
Employees
8

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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