Civic Intelligence

Commonwise Education Inc

EIN 45-2201993 • 501(c)3 • Bronx, NY

Profile

Commonwise education, inc will provide on-line education and training in the areas of entrepreneurship,management, sustainability, organizational development and innovation to social enterprise and community development businesses, employee and cooperatively owned businesses. These services are designed to increase the success and viability of these businesses.

2431 Morris AvenueBronx, NY 10468

www.bcdi.nyc

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.61x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

0.93x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

9th percentile

-99%

Higher net margin than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

-9.4%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-52%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$479,655

Down $49,866 (-9.4%) from 2023

Liabilities

Up

$294,107

Up $260,597 (+778%) from 2023

Net Assets

Down

$185,548

Down $310,463 (-63%) from 2023

Revenue

Down

$314,772

Down $338,251 (-52%) from 2023

Expenses

Down

$625,235

Down $298,908 (-32%) from 2023

Net Income

Down

-$310,463

Down $39,343 (-15%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $51,297Liabilities 2011: $0Net Assets 2011: $51,2972011Assets 2012: $287,794Liabilities 2012: $0Net Assets 2012: $287,7942012Assets 2013: $880,353Liabilities 2013: $0Net Assets 2013: $880,3532013Assets 2014: $828,045Liabilities 2014: $17,975Net Assets 2014: $810,0702014Assets 2015: $748,554Liabilities 2015: $28,874Net Assets 2015: $719,6802015Assets 2016: $493,406Liabilities 2016: $61,678Net Assets 2016: $431,7282016Assets 2017: $1,108,391Liabilities 2017: $26,687Net Assets 2017: $1,081,7042017Assets 2018: $637,164Liabilities 2018: $49,760Net Assets 2018: $587,4042018Assets 2019: $517,755Liabilities 2019: $157,218Net Assets 2019: $360,5372019Assets 2020: $1,189,643Liabilities 2020: $182,068Net Assets 2020: $1,007,5752020Assets 2021: $784,166Liabilities 2021: $172,161Net Assets 2021: $612,0052021Assets 2022: $804,695Liabilities 2022: $37,564Net Assets 2022: $767,1312022Assets 2023: $529,521Liabilities 2023: $33,510Net Assets 2023: $496,0112023Assets 2024: $479,655Liabilities 2024: $294,107Net Assets 2024: $185,5482024

Highlighted filing

2024

Assets$479,655
Liabilities$294,107
Net Assets$185,548

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $98,7032011Expenses 2012: $146,3782012Revenue 2013: $1,303,500Expenses 2013: $710,941Net Income 2013: $592,5592013Revenue 2014: $130,300Expenses 2014: $175,583Net Income 2014: -$45,2832014Revenue 2015: $268,552Expenses 2015: $358,942Net Income 2015: -$90,3902015Revenue 2016: $408,558Expenses 2016: $599,504Net Income 2016: -$190,9462016Revenue 2017: $1,209,247Expenses 2017: $559,271Net Income 2017: $649,9762017Revenue 2018: $309,312Expenses 2018: $803,612Net Income 2018: -$494,3002018Revenue 2019: $786,441Expenses 2019: $1,013,308Net Income 2019: -$226,8672019Revenue 2020: $1,748,080Expenses 2020: $1,101,042Net Income 2020: $647,0382020Revenue 2021: $932,355Expenses 2021: $1,327,925Net Income 2021: -$395,5702021Revenue 2022: $1,208,790Expenses 2022: $1,318,117Net Income 2022: -$109,3272022Revenue 2023: $653,023Expenses 2023: $924,143Net Income 2023: -$271,1202023Revenue 2024: $314,772Expenses 2024: $625,235Net Income 2024: -$310,4632024

Highlighted filing

2024

Revenue$314,772
Expenses$625,235
Net Income-$310,463

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.29$0.19$0.31$0.63$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.53$0.03$0.50$0.65$0.92$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.80$0.04$0.77$1.21$1.32$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.78$0.17$0.61$0.93$1.33$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.18$1.01$1.75$1.10$0.65
2019Detailed filing. Detailed filing data is available for this year.$0.52$0.16$0.36$0.79$1.01$0.23
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.05$0.59$0.31$0.80$0.49
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.03$1.08$1.21$0.56$0.65
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.06$0.43$0.41$0.60$0.19
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.72$0.27$0.36$0.09
2014Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.13$0.18$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.88$0.00$0.88$1.30$0.71$0.59
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.29$0.00$0.29$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 2, 2025
Return Version
2024v5.2
Gross Receipts
$314,772
Mission and Program Overview

Mission

Commonwise education, inc will provide on-line education and training in the areas of entrepreneurship,management, sustainability, organizational development and innovation to social enterprise and community development businesses, employee and cooperatively owned businesses. These services are designed to increase the success and viability of these businesses.

The organization coordinates the people, businesses and institutions of the bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. This network of stakeholders,is known as the bronx cooperative development initiative (bcdi). Based on a framework of economic democracy, bcdi leverages existing bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among bronx residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$235,598$454,440▲ $218,842
Cash and Non-Interest-Bearing Accounts-$15,024-
Prepaid Expenses and Deferred Charges$8,175$7,458▼ $717
Savings and Temporary Cash Investments$285,748$2,733▼ $283,015
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$529,521$479,655▼ $49,866
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable-$283,975-
Accounts Payable and Accrued Expenses$33,510$10,132▼ $23,378
Total Liabilities$33,510$294,107▲ $260,597
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$496,011$185,548▼ $310,463
Total Net Assets Fund Balance$496,011$185,548▼ $310,463
Total Liabilities and Net Assets / Fund Balance$529,521$479,655▼ $49,866

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$81,980$81,980
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Siddhartha SanchezExecutive DirectorFT$30,769$30,769

Board Members and Trustees

NameTitle
Sandra LoboPresident
Dariella RodriguezVice President
Danny PeraltaDirector
Kellie TerryDirector
Wanda SalamanDirector
Wendoly MarteDirector
Yorman NunezDirector
Nick IuvieneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$312,039
Program Service Revenue
$0
Investment Income
$2,733
Other Revenue
$0
All Other Contributions
$312,039
Change in Net Assets
$-310,463
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$437,852
Other Expenses$180,633
Total Fundraising Expense$9,285
Professional Fundraising Fees$6,750
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$208,753$101,481-$310,234
Occupancy$39,061$31,475$2,532$73,068
Other Employee Benefits$3,180$61,715-$64,895
Fees for Services Accounting-$59,275-$59,275
Payroll Taxes-$31,954-$31,954
Current Officers, Directors, Trustees, and Key Employees-$30,769-$30,769
Fees for Services Other$15,859$4,440-$20,299
Office Expenses$560$17,870$3$18,433
Fees for Services Professional Fundraising--$6,750$6,750
Insurance-$6,381-$6,381
Fees for Services Legal-$2,500-$2,500
Other Expenses$25$652-$677
Total Functional Expenses$267,438$348,512$9,285$625,235
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$6,750
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 will be provided to the president, prior to submission to the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy was adopted at board meeting by unanimous resolution dated may 24, 2011. All board members are required to complete an annual disclosure of any conflicts to determine whether a conflict of interest exists. After disclosure of the financial interest, all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The procedures of addressing the conflict of interest is as follows: (1) an interest person shall leave the meeting during the discussion of the transaction or arrangement involving possible conflict of interest. Any interested person shall not attempt to influence the board of directors regarding the conflict matter. (2) the chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (3) after exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (4) if a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest, and whether it is fair and reasonable and in conformity with the above determination, then it shall make its decision as to whether to enter into the transaction or arrangement

Form 990, Part VI, Section C, Line 19

No other documents available to the public.

Filing and Contact Details

Filer

Filer Name
Commonwise Education Inc
EIN
45-2201993
Phone
7183040041
Address
2431 Morris Avenue, Bronx, NY 10468

Signing Officer

Name
Nick Iuviene
Title
Treasurer
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sandra Lobo
Formed
2011
Legal Domicile
Vt
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
47

Preparer

Firm
CNRG Accounting Advisory LLC
Address
1031 33rd St, Denver, CO 80205
Preparer
Chyla Graham
Phone
8449322674
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 WILL BE PROVIDED TO THE PRESIDENT, PRIOR TO SUBMISSION TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY WAS ADOPTED AT BOARD MEETING BY UNANIMOUS RESOLUTION DATED MAY 24, 2011. ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE OF ANY CONFLICTS TO DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST, ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. THE PROCEDURES OF ADDRESSING THE CONFLICT OF INTEREST IS AS FOLLOWS: (1) AN INTEREST PERSON SHALL LEAVE THE MEETING DURING THE DISCUSSION OF THE TRANSACTION OR ARRANGEMENT INVOLVING POSSIBLE CONFLICT OF INTEREST. ANY INTERESTED PERSON SHALL NOT ATTEMPT TO INFLUENCE THE BOARD OF DIRECTORS REGARDING THE CONFLICT MATTER. (2) THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (3) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (4) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, AND WHETHER IT IS FAIR AND REASONABLE AND IN CONFORMITY WITH THE ABOVE DETERMINATION, THEN IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No other documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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