Liabilities / Assets
38th percentile
Higher debt load relative to assets than 38% of similar nonprofits.
Commonwise Education Inc.
990 • Fiscal year 2015 • EIN 45-2201993
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
44th percentile
Higher top officer pay than 44% of similar nonprofits.
Top officer pay equals 1.9% of source-year revenue.
Asset Growth
15th percentile
Faster asset growth than 15% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Balance Sheet
Assets
Down$748,554
Down $79,491 (-9.6%) from 2014
Net Assets
Down$719,680
Down $90,390 (-11%) from 2014
Liabilities
Up$28,874
Up $10,899 (+61%) from 2014
Revenue And Expenses
Revenue
Up$268,552
Up $138,252 (+106%) from 2014
Expenses
Up$358,942
Up $183,359 (+104%) from 2014
Net Income
Down-$90,390
Down $45,107 (-100%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Nov 15, 2016
- Return Version
- 2015v2.0
- Gross Receipts
- $268,552
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.
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
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Pledges and Grants Receivable | $685,801 | $435,000 | ▼ $250,801 |
| Cash and Non-Interest-Bearing Accounts | $142,244 | $234,807 | ▲ $92,563 |
| Savings and Temporary Cash Investments | - | $60,849 | - |
| Prepaid Expenses and Deferred Charges | - | $9,384 | - |
| Land, Buildings, and Equipment, Net | - | $8,514 | - |
| 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 | - |
| Intangible Assets | - | $0 | - |
| Inventories for Sale or Use | - | $0 | - |
| Total Assets | $828,045 | $748,554 | ▼ $79,491 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $17,975 | $28,874 | ▲ $10,899 |
| Total Liabilities | $17,975 | $28,874 | ▲ $10,899 |
| Net Assets / Fund Balance | |||
| Temporarily Rstr Net Assets | $768,309 | $646,842 | ▼ $121,467 |
| Unrestricted Net Assets | $41,761 | $72,838 | ▲ $31,077 |
| Total Net Assets Fund Balance | $810,070 | $719,680 | ▼ $90,390 |
| Total Liabilities and Net Assets / Fund Balance | $828,045 | $748,554 | ▼ $79,491 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $8,514 | $4,016 | - |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| Daniel White | Member | $5,000 | $5,000 |
Board Members and Trustees
| Name | Title |
|---|---|
| Nick Iuviene | President |
| Yorman Nunez | Member |
| Barika Williams | Secretary |
| Wendoly Marte | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $268,500
- Program Service Revenue
- $0
- Investment Income
- $52
- Other Revenue
- $0
- All Other Contributions
- $218,500
- Change in Net Assets
- $-90,390
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $268,552
- Revenue Not Reported on Form 990
- $19,500
- Total Revenue per Audited Statements
- $288,052
- Total Revenue per Form 990
- $268,552
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $214,439 |
| Salaries, Compensation, and Employee Benefits | $144,503 |
| Total Fundraising Expense | $5,000 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $96,356 | $25,736 | - | $122,092 |
| Fees for Services Other | $64,757 | - | - | $64,757 |
| Conferences and Meetings | $57,728 | $1,732 | - | $59,460 |
| Travel | $34,919 | $909 | - | $35,828 |
| Fees for Services Accounting | - | $34,504 | - | $34,504 |
| Office Expenses | $9,501 | $3,653 | - | $13,154 |
| Payroll Taxes | $7,599 | $2,030 | - | $9,629 |
| Other Employee Benefits | $5,385 | $2,397 | - | $7,782 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | $5,000 | $5,000 |
| Depreciation Depletion | $3,624 | $392 | - | $4,016 |
| Insurance | $1,767 | $453 | - | $2,220 |
| Fees for Services Legal | $500 | - | - | $500 |
| Total Functional Expenses | $282,136 | $71,806 | $5,000 | $358,942 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $378,442 |
| Expenses per Audited Statements | $358,942 |
| Total Expenses per Form 990 | $358,942 |
| Expenses Not Reported on Form 990 | $19,500 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| 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
- Audit committee
- No
- Backup withholding compliance
- Yes
- 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, Line 11B: Form 990 Review Process
“A copy of the form 990 will be provided to the President, prior to submission to the internal revenue service.”
Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts
“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, Line 19: Other Organization Documents Publicly Available
“DISCLOSURE OF the GOVERNING documents CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.”
Filing and Contact Details
Filer
- Filer Name
- Commonwise Education Inc
- EIN
- 45-2201993
- Phone
- 9172422577
- Address
- 2431 Morris Avenue, Bronx, NY 10468
Signing Officer
- Name
- Wendoly Marte
- Title
- President
- Signed
- 2016-11-15
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Wendoly Marte
- Formed
- 2011
- Legal Domicile
- Vt
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 4
- Volunteers
- 5
Preparer
- Firm
- Bca Watson Rice Llp
- Address
- 5 PENN PLAZA 15TH FL, NEW YORK, NY 10001-1810
- Preparer
- Cazembe Bektemba CPA
- Phone
- 2124477300
Supplemental Narrative
Additional Explanations
Part 1 Organization Mission or Most Significant Activities
“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.”
Financial Statement Notes
Part X : FIN48 Footnote
“Auditing standards generally accepted in the United States of America requires management to evaluate the tax position taken or expected to be taken by the Organization in a tax return and to recognize a tax liability or an asset if the Organization has taken an uncertain position that more-likely-than-not would be sustained upon examination by the Internal Revenue Service. The Organization does not believe its financial statements include any uncertain tax positions. Management believes it is no longer subject to income tax examinations for tax returns filed prior to 2012.”
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| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 7782 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 25736 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 96356 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 122092 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2030 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 7599 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 9629 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 685801 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 435000 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 9384 |
| IRS990/PrincipalOfficerNm | 0 | Wendoly Marte |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 130300 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 145510 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -45283 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 9474 |
| IRS990/PYTotalExpensesAmt | 0 | 175583 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 20599 |
| IRS990/PYTotalRevenueAmt | 0 | 130300 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -90390 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 60849 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 268500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 130300 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 948500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 382875 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 150000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1880175 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 52 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 52 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 615535 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 1264640 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 268500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 130300 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 948500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 382875 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 150000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1880175 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1880227 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 19500 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 19500 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 8514 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 4016 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 12530 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 19500 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 358942 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 19500 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 268552 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Auditing standards generally accepted in the United States of America requires management to evaluate the tax position taken or expected to be taken by the Organization in a tax return and to recognize a tax liability or an asset if the Organization has taken an uncertain position that more-likely-than-not would be sustained upon examination by the Internal Revenue Service. The Organization does not believe its financial statements include any uncertain tax positions. Management believes it is no longer subject to income tax examinations for tax returns filed prior to 2012. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part X : FIN48 Footnote |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 8514 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 358942 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 268552 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 288052 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 378442 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | A copy of the form 990 will be provided to the President, prior to submission to the internal revenue service. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DISCLOSURE OF the GOVERNING documents CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part 1 Organization Mission or Most Significant Activities |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt | 0 | 768309 |
| IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt | 0 | 646842 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 828045 |
| IRS990/TotalAssetsEOYAmt | 0 | 748554 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 828045 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 748554 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 268500 |
| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 5000 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 71806 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 282136 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 358942 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 17975 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 28874 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 17975 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 28874 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 810070 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 719680 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 282136 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 0 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 5000 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 52 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 268552 |
| IRS990/TotalVolunteersCnt | 0 | 5 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 828045 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 748554 |
| IRS990/TransactionWithControlEntInd | 0 | false |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 909 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 34919 |
| IRS990/TravelGrp/TotalAmt | 0 | 35828 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 41761 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 72838 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO Box 776 |
| IRS990/USAddress/CityNm | 0 | New York |
| IRS990/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/USAddress/ZIPCd | 0 | 10108 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | www.commonwise.nyc |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Wendoly Marte |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Commonwise Education Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COMM |
| ReturnHeader/Filer/EIN | 0 | 452201993 |
| ReturnHeader/Filer/PhoneNum | 0 | 9172422577 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 2431 Morris Avenue |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Bronx |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10468 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BCA WATSON RICE LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5 PENN PLAZA 15TH FL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NEW YORK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 100011810 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2124477300 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CAZEMBE BEKTEMBA CPA |
| ReturnHeader/ReturnTs | 0 | 2016-11-15T15:26:35-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $748,554
- Liabilities
- $28,874
- Net assets
- $719,680
- Revenue
- $268,552
- Expenses
- $358,942
- Net income
- -$90,390