Civic Intelligence

Commonwealth Community Trust Endowment Fund

990 • Fiscal year 2018 • EIN 54-1565250

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 21, 2019

PO Box 29408Richmond, VA 23242

(804) 740-6930

Siviq Scores

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

Liabilities / Assets

24th percentile

0.01x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

25th percentile

0.02x

Higher debt load relative to revenue than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

71st percentile

14%

Higher net margin than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

81st percentile

$138,814

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

46th percentile

0.0%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,301,609

Up $1,087 (+0.0%) from 2017

Net Assets

Down

$2,285,416

Down $7,597 (-0.3%) from 2017

Liabilities

Up

$16,193

Up $8,684 (+116%) from 2017

Revenue

Up

$1,006,305

Up $96,691 (+11%) from 2017

Expenses

Up

$870,137

Up $212,444 (+32%) from 2017

Net Income

Down

$136,168

Down $115,753 (-46%) from 2017

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $906,858Liabilities 2010: $3,291Net Assets 2010: $903,5672010Assets 2011: $1,074,741Liabilities 2011: $4,352Net Assets 2011: $1,070,3892011Assets 2012: $1,348,814Liabilities 2012: $35,119Net Assets 2012: $1,313,6952012Assets 2013: $1,458,862Liabilities 2013: $26,480Net Assets 2013: $1,432,3822013Assets 2014: $1,479,992Liabilities 2014: $3,089Net Assets 2014: $1,476,9032014Assets 2015: $1,787,220Liabilities 2015: $97,052Net Assets 2015: $1,690,1682015Assets 2016: $1,877,294Liabilities 2016: $3,525Net Assets 2016: $1,873,7692016Assets 2017: $2,300,522Liabilities 2017: $7,509Net Assets 2017: $2,293,0132017Assets 2018: $2,301,609Liabilities 2018: $16,193Net Assets 2018: $2,285,4162018Assets 2019: $2,819,926Liabilities 2019: $9,597Net Assets 2019: $2,810,3292019Assets 2020: $3,262,740Liabilities 2020: $149,274Net Assets 2020: $3,113,4662020Assets 2021: $3,333,150Liabilities 2021: $8,542Net Assets 2021: $3,324,6082021Assets 2022: $2,873,556Liabilities 2022: $210,457Net Assets 2022: $2,663,0992022Assets 2023: $3,323,305Liabilities 2023: $253,358Net Assets 2023: $3,069,9472023Assets 2024: $3,513,786Liabilities 2024: $123,719Net Assets 2024: $3,390,0672024

Highlighted filing

2018

Assets$2,301,609
Liabilities$16,193
Net Assets$2,285,416

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $257,7042010Expenses 2011: $295,0652011Expenses 2012: $335,8742012Revenue 2013: $505,682Expenses 2013: $467,389Net Income 2013: $38,2932013Revenue 2014: $493,522Expenses 2014: $470,128Net Income 2014: $23,3942014Revenue 2015: $791,647Expenses 2015: $523,236Net Income 2015: $268,4112015Revenue 2016: $751,958Expenses 2016: $624,929Net Income 2016: $127,0292016Revenue 2017: $909,614Expenses 2017: $657,693Net Income 2017: $251,9212017Revenue 2018: $1,006,305Expenses 2018: $870,137Net Income 2018: $136,1682018Revenue 2019: $1,252,175Expenses 2019: $988,789Net Income 2019: $263,3862019Revenue 2020: $1,912,685Expenses 2020: $1,523,581Net Income 2020: $389,1042020Revenue 2021: $1,860,276Expenses 2021: $1,765,213Net Income 2021: $95,0632021Revenue 2022: $2,022,631Expenses 2022: $2,291,366Net Income 2022: -$268,7352022Revenue 2023: $2,966,400Expenses 2023: $2,752,941Net Income 2023: $213,4592023Revenue 2024: $3,056,588Expenses 2024: $2,910,897Net Income 2024: $145,6912024

Highlighted filing

2018

Revenue$1,006,305
Expenses$870,137
Net Income$136,168
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 21, 2019
Return Version
2018v3.1
Gross Receipts
$1,310,886
Mission and Program Overview

Mission

To provide people with special needs who live throughout the united states and their families a convenient, cost-effective framework for the administration of pooled special needs trusts that supplement government entitlement programs such as supplemental security income (ssi) and medicaid. To educate families, people with special needs, and professionals about the benefits of a special need trust. To award individuals with special needs who reside in virginia and demonstrate a financial need with a monetary grant to be used for services, medication, and/or equipment through cct's charitable fund award program.

To provide people with special needs who live throughout the united states and their families a convenient, cost-effective framework for the administration of pooled special needs trusts that supplement government entitlement programs such as supplemental security income (ssi) and medicaid. To educate families, people with special needs, and professionals about the benefits of a special needs trust. To award individuals with special needs who reside in virginia and demonstrate a financial need with a monetary grant to be used for services, medication, and/or equipment through cct's charitable fund award program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,192,906$2,195,179▲ $2,273
Cash and Non-Interest-Bearing Accounts$49,739$55,152▲ $5,413
Prepaid Expenses and Deferred Charges$3,313$17,807▲ $14,494
Land, Buildings, and Equipment, Net$12,813$14,559▲ $1,746
Savings and Temporary Cash Investments$37,980$12,968▼ $25,012
Pledges and Grants Receivable$1,250--
Total Assets$2,300,522$2,301,609▲ $1,087
Other Assets Total$2,521$5,944▲ $3,423
Liabilities
Accounts Payable and Accrued Expenses$7,509$16,127▲ $8,618
Deferred Revenue-$66-
Total Liabilities$7,509$16,193▲ $8,684
Net Assets / Fund Balance
Unrestricted Net Assets$2,292,963$2,284,866▼ $8,097
Temporarily Rstr Net Assets$50$550▲ $500
Total Net Assets Fund Balance$2,293,013$2,285,416▼ $7,597
Total Liabilities and Net Assets / Fund Balance$2,300,522$2,301,609▲ $1,087

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,081$25,462$36,543
Other Land Buildings$3,478$12,942$16,420
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$485,798
Program Service Revenue
$444,513
Investment Income
$75,994
Other Revenue
$0
All Other Contributions
$439,348
Change in Net Assets
$136,168
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$491,146
Other Expenses$283,581
Grants and Similar Amounts Paid$95,410
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,580$40,131-$288,711
Current Officers, Directors, Trustees, and Key Employees$119,519$19,295-$138,814
Grants to Domestic Individuals$95,410--$95,410
Information Technology$63,564$3,918-$67,482
Office Expenses$43,324$6,150-$49,474
Travel-$34,276-$34,276
Payroll Taxes$28,924$4,669-$33,593
Occupancy$29,438$4,001-$33,439
Conferences and Meetings$24,339$4,295-$28,634
Other Employee Benefits$13,920$2,247-$16,167
Pension Plan Contributions$11,934$1,927-$13,861
Fees for Service Investment Mgmnt Fees-$6,964-$6,964
Insurance-$6,850-$6,850
Depreciation Depletion$5,296$756-$6,052
Fees for Services Accounting-$3,650-$3,650
Fees for Services Other-$2,790-$2,790
Other Expenses$2,269$366-$2,635
Advertising$2,598--$2,598
All Other Expenses-$2,170-$2,170
Fees for Services Legal-$125-$125
Total Functional Expenses$701,840$168,297$0$870,137
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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, Page 6, Part VI, Line 11B

The executive director distributes copies of the completed draft of form 990 (including required schedules)to board members, who include attorneys and cpas, for their review. Any concerns or questions are noted and addressed. After all changes have been made, the final version of the form 990 (with required schedules) are distributed to every voting member of the board of directors prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

Each board member is required to complete a questionnaire on an annual basis to certify that they have no conflicts or to disclose any potential conflicts.

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

The board of directors review and approve the executive director's compensation annually. Every three years, independent salary surveys are conducted for all management and staff positions.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Commonwealth Community Trust
EIN
54-1565250
Phone
8047406930
Address
PO BOX 29408, RICHMOND, VA 23242

Signing Officer

Name
Joanne Marcus
Title
Executive Director
Phone
8047406930
Signed
2019-06-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Marcus
Formed
1990
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
10

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
Hilbert W Wilkinson Iii
Phone
8045600560
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide people with special needs who live throughout the united states and their families a convenient, cost-effective framework for the administration of pooled special needs trusts that supplement government entitlement programs such as supplemental security income (ssi) and medicaid. To educate families, people with special needs, and professionals about the benefits of a special needs trust. To award individuals with special needs who reside in virginia and demonstrate a financial need with a monetary grant to be used for services, medication, and/or equipment through cct's charitable fund award program.

Financial Statement Notes

Schedule D, Page 3, Part X

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, the trust 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. Examples of tax positions include the tax-exempt status of the trust and various positions related to the potential sources of unrelated business taxable income (ubti). The trust has recognized no uncertain tax positions for the year ended december 31, 2018. The trust believes its tax returns are no longer subject to examination by the internal revenue service for years prior to 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT EL
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PAST PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE DI
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IRS990/MembersOrStockholdersInd0false
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IRS990/MissionDesc0TO PROVIDE PEOPLE WITH SPECIAL NEEDS WHO LIVE THROUGHOUT THE UNITED STATES AND THEIR FAMILIES A CONVENIENT, COST-EFFECTIVE FRAMEWORK FOR THE ADMINISTRATION OF POOLED SPECIAL NEEDS TRUSTS THAT SUPPLEMENT GOVERNMENT ENTITLEMENT PROGRAMS SUCH AS SUPPLEMENTAL SECURITY INCOME (SSI) AND MEDICAID. TO EDUCATE FAMILIES, PEOPLE WITH SPECIAL NEEDS, AND PROFESSIONALS ABOUT THE BENEFITS OF A SPECIAL NEEDS TRUST. TO AWARD INDIVIDUALS WITH SPECIAL NEEDS WHO RESIDE IN VIRGINIA AND DEMONSTRATE A FINANCIAL NEED WITH A MONETARY GRANT TO BE USED FOR SERVICES, MEDICATION, AND/OR EQUIPMENT THROUGH CCT'S CHARITABLE FUND AWARD PROGRAM.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetAssetsOrFundBalancesEOYAmt02285416
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt013920
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IRS990/OtherExpensesGrp/Desc1SUBSIDY EXPENSE
IRS990/OtherExpensesGrp/Desc2IN-KIND DONATIONS
IRS990/OtherExpensesGrp/Desc3PAYROLL EXPENSES
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0268613
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IRS990/ProgSrvcAccomActy2Grp/Desc0AS PART OF ITS MISSION TO ENRICH THE QUALITY OF LIFE FOR PEOPLE LIVING WITH A DISABILITY, CCT ESTABLISHED THE CHARITABLE FUND AWARD PROGRAM TO AWARD UP TO 1,000 PER ANNUM FOR EQUIPMENT, MEDICATION, AND/OR SERVICES TO INDIVIDUALS WITH DISABILITIES WHO DEMONSTRATE FINANCIAL NEED. EACH RECIPIENT OF AN AWARD MUST MEET THE SOCIAL SECURITY ADMINISTRATION DEFINITION OF DISABLED AND MEET THE FEDERAL POVERTY GUIDELINES OR RECEIVE SSI. 136 INDIVIDUALS RECEIVED ASSISTANCE THROUGH THIS PROGRAM IN 2018.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0429340
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0136618
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.51$0.12$3.39$3.06$2.91$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.32$0.25$3.07$2.97$2.75$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.87$0.21$2.66$2.02$2.29$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.01$3.32$1.86$1.77$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.26$0.15$3.11$1.91$1.52$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.01$2.81$1.25$0.99$0.26
2018Detailed filing. Detailed filing data is available for this year.$2.30$0.02$2.29$1.01$0.87$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.01$2.29$0.91$0.66$0.25
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.88$0.00$1.87$0.75$0.62$0.13
2015Detailed filing. Detailed filing data is available for this year.$1.79$0.10$1.69$0.79$0.52$0.27
2014Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.49$0.47$0.02
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.03$1.43$0.51$0.47$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.04$1.31$0.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.90$0.26