Civic Intelligence

Commonlit Inc.

990 • Fiscal year 2019 • EIN 46-4255260

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

Organization Profilewww.commonlit.org

View Organization Page

660 Pennsylvania Avenue Suite 302Washington, DC 20003

(202) 813-9218

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$3,701,855

Flat from 2019

Net Assets

Flat

$3,249,551

Flat from 2019

Liabilities

Flat

$452,304

Flat from 2019

Revenue And Expenses

Revenue

Flat

$4,167,286

Flat from 2019

Expenses

Flat

$4,399,794

Flat from 2019

Net Income

Flat

-$232,508

Flat from 2019

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0-$5.0MAssets 2015: $12,333Liabilities 2015: $1,884Net Assets 2015: $10,4492015Assets 2016: $220,436Liabilities 2016: $89,631Net Assets 2016: $130,8052016Assets 2017: $575,952Liabilities 2017: $128,645Net Assets 2017: $447,3072017Assets 2018: $3,670,546Liabilities 2018: $188,487Net Assets 2018: $3,482,0592018Assets 2019: $3,701,855Liabilities 2019: $452,304Net Assets 2019: $3,249,5512019Assets 2019: $3,701,855Liabilities 2019: $452,304Net Assets 2019: $3,249,5512019Assets 2020: $5,690,054Liabilities 2020: $1,091,972Net Assets 2020: $4,598,0822020Assets 2021: $8,410,551Liabilities 2021: $1,541,574Net Assets 2021: $6,868,9772021Assets 2022: $11,445,180Liabilities 2022: $3,649,230Net Assets 2022: $7,795,9502022Assets 2023: $13,125,404Liabilities 2023: $8,678,277Net Assets 2023: $4,447,1272023Assets 2024: $11,870,156Liabilities 2024: $12,181,116Net Assets 2024: -$310,9602024

Highlighted filing

2019

Assets$3,701,855
Liabilities$452,304
Net Assets$3,249,551
Open 2019 Filing

Operations Trend

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

$30M$20M$10M$0-$10MRevenue 2015: $63,990Expenses 2015: $54,349Net Income 2015: $9,6412015Revenue 2016: $728,845Expenses 2016: $608,489Net Income 2016: $120,3562016Revenue 2017: $2,542,007Expenses 2017: $2,225,505Net Income 2017: $316,5022017Revenue 2018: $6,597,620Expenses 2018: $3,562,868Net Income 2018: $3,034,7522018Revenue 2019: $4,167,286Expenses 2019: $4,399,794Net Income 2019: -$232,5082019Revenue 2019: $4,167,286Expenses 2019: $4,399,794Net Income 2019: -$232,5082019Revenue 2020: $6,581,970Expenses 2020: $5,233,439Net Income 2020: $1,348,5312020Revenue 2021: $9,155,362Expenses 2021: $7,084,467Net Income 2021: $2,070,8952021Revenue 2022: $11,871,054Expenses 2022: $10,944,081Net Income 2022: $926,9732022Revenue 2023: $13,856,418Expenses 2023: $17,205,241Net Income 2023: -$3,348,8232023Revenue 2024: $15,869,141Expenses 2024: $20,627,228Net Income 2024: -$4,758,0872024

Highlighted filing

2019

Revenue$4,167,286
Expenses$4,399,794
Net Income-$232,508
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$4,167,286
Mission and Program Overview

Mission

To make high-quality literacy materials accessible to teachers and the general public for the advancement of education.

To make high quality literacy materials accessible to teachers and the general public for the advancement of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,993,741$2,716,617▲ $722,876
Pledges and Grants Receivable$1,562,476$500,000▼ $1,062,476
Accounts Receivable$65,304$407,610▲ $342,306
Prepaid Expenses and Deferred Charges$25,687$54,290▲ $28,603
Total Assets$3,670,546$3,701,855▲ $31,309
Other Assets Total$23,338$23,338→ $0
Liabilities
Deferred Revenue-$271,085-
Accounts Payable and Accrued Expenses$188,487$181,219▼ $7,268
Total Liabilities$188,487$452,304▲ $263,817
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,753,874$1,737,852▼ $1,016,022
Net Assets Without Donor Restrictions$728,185$1,511,699▲ $783,514
Total Net Assets Fund Balance$3,482,059$3,249,551▼ $232,508
Total Liabilities and Net Assets / Fund Balance$3,670,546$3,701,855▲ $31,309
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michelle BrownCEO PresidentFT$180,000-$180,000
Geoffrey HarcourtChief Technology OfficerFT$169,375-$169,375
Aaron JacobwitzLead DeveloperFT$126,251$1,998$128,249
Sarah RobertsonChief Product OfficerFT$116,792$7,316$124,108
Robert FleisherDirector of School PartnershipsFT$108,750$3,558$112,308
Kara PacosDirector of Institutional SupportFT$103,315-$103,315

Board Members and Trustees

NameTitle
Ben ZhangDirector
Jeanne AllenDirector
John CoyneDirector
Kodjo WilderDirector
Mary Grace TigheDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Ad Hoc Analytics LLCSurvey/statistics231 8TH ST SE, Washington, DC 20003$119,864
Gelman Rosenberg FreedmanGrant Mgmt4550 MONTGOMERY AVE STE 800N, Bethesda, MD 20814$111,377
Clever INCSoftware1263 MISSION ST, San Francisco, CA 94103$106,000
Revenue and Support

Revenue Composition

Contributions and Grants
$2,921,480
Program Service Revenue
$1,245,806
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,495,675
Change in Net Assets
$-232,508

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,167,286
Total Revenue per Audited Statements
$4,167,286
Total Revenue per Form 990
$4,167,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,957,857
Other Expenses$1,441,937
Total Fundraising Expense$128,776
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,833,677$370,825$21,439$2,225,941
Fees for Services Other$310,759$182,779-$493,538
Current Officers, Directors, Trustees, and Key Employees$304,552$44,823-$349,375
Occupancy$280,231$11,842-$292,073
Payroll Taxes$163,575$31,797$1,640$197,012
Other Employee Benefits$153,976$30,009$1,544$185,529
Information Technology$105,729$254-$105,983
Other Expenses$8,935$899$82,897$91,832
Office Expenses$12,733$60,704$6,903$80,340
Travel$8,653$12,175$12,261$33,089
Conferences and Meetings$840$15,732$840$17,412
Insurance-$11,872-$11,872
Advertising$1,158$5,403-$6,561
Total Functional Expenses$3,491,904$779,114$128,776$4,399,794

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,399,794
Total Expenses per Audited Statements$4,399,794
Total Expenses per Form 990$4,399,794
International Activity

International Summary

Employees
2
Spending
$75,267

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaProgram ServicesEducational Services-2$75,267
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3

“Commonlit delegated control over some management duties customarily performed by the direct supervision of officers, directors, trustees or key employees to rubino and company, chartered.”

Form 990, Part VI, Line 11

“The organizations accountants provide a draft 990 to the board of directors and treasurer. The board and treasurer provide comments which the cpa firm incorporates. The cpa firm provides the final return to the ceo, who approves, signs, and submits.”

Form 990, Part VI, Line 12C

“Commonlits management and board members are subject to a written conflict of interest policy. In addition to self reporting by officers, directors, and key employees, management flags potential conflicts of interest regarding purchases, potential partnerships, and earned revenue opportunities. During 2019, no conflicts of interest were identified.”

Form 990, Part VI, Line 15A

“Ceo compensation is set through a two-step process. First, a subcommittee of independent directors analyzes compensation of ceos at peer and comparable entities, and presents a recommendation to the full board of directors. Second, the full board of directors deliberates and votes on the recommendation. The ceo is totally recused from the process, including all discussions and all votes.”

Form 990, Part VI, Line 15B

“The board goes through the process to set officers salaries, bases on market salary information and previous compensation.”

Form 990, Part VI, Line 19

“All information will be provided upon request and approval of the governing body.”

Form 990, Part VI, Line 2

“Michelle brown and patrick brown are spouses”

Filing and Contact Details

Filer

Filer Name
CommonLit Inc
EIN
46-4255260
Phone
2028139218
Address
660 Pennsylvania Avenue Suite 302, Washington, DC 20003

Signing Officer

Name
Michelle Brown
Title
President
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Brown
Formed
2013
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
5
Employees
42
Volunteers
5

Preparer

Firm
Alta CPA Group LLC
Address
59 Franklin Street, Annapolis, MD 21401
Preparer
Jeffrey S Griffith
Phone
4103495101
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract expenses program-310,759 contract expenses admin-182,779”

Financial Statement Notes

X

“CommonLit, Inc. is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, CommonLit may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The Federal Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the Internal Revenue Service, generally for the three years after it is filed.”

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt054290
IRS990/PrincipalOfficerNm0MICHELLE BROWN
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05486736
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt04167286
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CommonLit, Inc. is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, CommonLit may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The Federal Form 990, Return of Organization Exempt from Income Tax, is subject to examination by the Internal Revenue Service, generally for the three years after it is filed.
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt075267
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0EDUCATIONAL SERVICES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMONLIT DELEGATED CONTROL OVER SOME MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY THE DIRECT SUPERVISION OF OFFICERS, DIRECTORS, TRUSTEES OR KEY EMPLOYEES TO RUBINO AND COMPANY, CHARTERED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS ACCOUNTANTS PROVIDE A DRAFT 990 TO THE BOARD OF DIRECTORS AND TREASURER. THE BOARD AND TREASURER PROVIDE COMMENTS WHICH THE CPA FIRM INCORPORATES. THE CPA FIRM PROVIDES THE FINAL RETURN TO THE CEO, WHO APPROVES, SIGNS, AND SUBMITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMONLITS MANAGEMENT AND BOARD MEMBERS ARE SUBJECT TO A WRITTEN CONFLICT OF INTEREST POLICY. IN ADDITION TO SELF REPORTING BY OFFICERS, DIRECTORS, AND KEY EMPLOYEES, MANAGEMENT FLAGS POTENTIAL CONFLICTS OF INTEREST REGARDING PURCHASES, POTENTIAL PARTNERSHIPS, AND EARNED REVENUE OPPORTUNITIES. DURING 2019, NO CONFLICTS OF INTEREST WERE IDENTIFIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO COMPENSATION IS SET THROUGH A TWO-STEP PROCESS. FIRST, A SUBCOMMITTEE OF INDEPENDENT DIRECTORS ANALYZES COMPENSATION OF CEOS AT PEER AND COMPARABLE ENTITIES, AND PRESENTS A RECOMMENDATION TO THE FULL BOARD OF DIRECTORS. SECOND, THE FULL BOARD OF DIRECTORS DELIBERATES AND VOTES ON THE RECOMMENDATION. THE CEO IS TOTALLY RECUSED FROM THE PROCESS, INCLUDING ALL DISCUSSIONS AND ALL VOTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD GOES THROUGH THE PROCESS TO SET OFFICERS SALARIES, BASES ON MARKET SALARY INFORMATION AND PREVIOUS COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL INFORMATION WILL BE PROVIDED UPON REQUEST AND APPROVAL OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACT EXPENSES PROGRAM-310,759 CONTRACT EXPENSES ADMIN-182,779
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MICHELLE BROWN AND PATRICK BROWN ARE SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 2
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IRS990/SubjectToProxyTaxInd0false
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Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,701,855
Liabilities
$452,304
Net assets
$3,249,551
Revenue
$4,167,286
Expenses
$4,399,794
Net income
-$232,508
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.9$12.2$0.31$15.9$20.6$4.76
2023Detailed filing. Detailed filing data is available for this year.$13.1$8.68$4.45$13.9$17.2$3.35
2022Detailed filing. Detailed filing data is available for this year.$11.4$3.65$7.80$11.9$10.9$0.93
2021Detailed filing. Detailed filing data is available for this year.$8.41$1.54$6.87$9.16$7.08$2.07
2020Detailed filing. Detailed filing data is available for this year.$5.69$1.09$4.60$6.58$5.23$1.35
2019Detailed filing. Detailed filing data is available for this year.$3.70$0.45$3.25$4.17$4.40$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.70$0.45$3.25$4.17$4.40$0.23
2018Detailed filing. Detailed filing data is available for this year.$3.67$0.19$3.48$6.60$3.56$3.03
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.13$0.45$2.54$2.23$0.32
2016Detailed filing. Detailed filing data is available for this year.$0.22$0.09$0.13$0.73$0.61$0.12
2015Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.06$0.05$0.01