Civic Intelligence

Commonwealth Community Trust Endowment Fund

990 • Fiscal year 2020 • EIN 54-1565250

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

39th percentile

0.05x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.08x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

73rd percentile

20%

Higher net margin than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

88th percentile

$184,123

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

67th percentile

16%

Faster asset growth than 67% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

87th percentile

53%

Faster revenue growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$3,262,740

Up $442,814 (+16%) from 2019

Net Assets

Up

$3,113,466

Up $303,137 (+11%) from 2019

Liabilities

Up

$149,274

Up $139,677 (+1455%) from 2019

Revenue

Up

$1,912,685

Up $660,510 (+53%) from 2019

Expenses

Up

$1,523,581

Up $534,792 (+54%) from 2019

Net Income

Up

$389,104

Up $125,718 (+48%) from 2019

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

2020

Assets$3,262,740
Liabilities$149,274
Net Assets$3,113,466

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

2020

Revenue$1,912,685
Expenses$1,523,581
Net Income$389,104
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$3,447,830
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 pooled 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 and/or equipment through cct's charitable fund award program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,386,888$2,378,418▼ $8,470
Savings and Temporary Cash Investments$356,642$407,188▲ $50,546
Land, Buildings, and Equipment, Net$17,947$246,781▲ $228,834
Cash and Non-Interest-Bearing Accounts$32,398$210,261▲ $177,863
Prepaid Expenses and Deferred Charges$20,107$10,909▼ $9,198
Accounts Receivable-$300-
Total Assets$2,819,926$3,262,740▲ $442,814
Other Assets Total$5,944$8,883▲ $2,939
Liabilities
Other Liabilities$5,883$128,696▲ $122,813
Accounts Payable and Accrued Expenses$3,648$20,578▲ $16,930
Deferred Revenue$66--
Total Liabilities$9,597$149,274▲ $139,677
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,810,304$3,113,441▲ $303,137
Net Assets With Donor Restrictions$25$25→ $0
Total Net Assets Fund Balance$2,810,329$3,113,466▲ $303,137
Total Liabilities and Net Assets / Fund Balance$2,819,926$3,262,740▲ $442,814

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$142,040$332$142,372
Other Land Buildings$74,417$17,402$91,819
Equipment$30,324$20,256$50,580
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne MarcusPresident/ceFT$176,416$7,707$184,123
Joanne MarcusPresident/CEO-$150,000$34,123$184,123
Revenue and Support

Revenue Composition

Contributions and Grants
$1,072,580
Program Service Revenue
$533,480
Investment Income
$306,625
Other Revenue
$0
All Other Contributions
$1,027,130
Change in Net Assets
$389,104

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,912,685
Revenue Not Reported on Form 990
$-93,764
Total Revenue per Audited Statements
$1,818,921
Total Revenue per Form 990
$1,912,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$941,104
Other Expenses$467,188
Grants and Similar Amounts Paid$115,289
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$516,487$121,151-$637,638
Current Officers, Directors, Trustees, and Key Employees$149,140$34,983-$184,123
Grants to Domestic Individuals$115,289--$115,289
Office Expenses$103,937$11,165-$115,102
Occupancy$91,827$16,205-$108,032
Information Technology$80,896$7,835-$88,731
Payroll Taxes$51,988$12,195-$64,183
Other Employee Benefits$32,185$7,550-$39,735
Fees for Services Other-$23,850-$23,850
Conferences and Meetings$17,395$4,349-$21,744
Advertising$16,618--$16,618
Depreciation Depletion$13,325$2,169-$15,494
Insurance-$15,490-$15,490
Pension Plan Contributions$12,494$2,931-$15,425
Travel$10,426$1,120-$11,546
Fees for Services Legal-$8,078-$8,078
Fees for Service Investment Mgmnt Fees-$7,798-$7,798
Fees for Services Accounting-$3,230-$3,230
Other Expenses$7,556$1,216-$1,216
Total Functional Expenses$1,239,520$284,061$0$1,523,581

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,523,581
Total Expenses per Form 990$1,523,581
Total Expenses per Audited Statements$1,515,786
Expenses Not Reported on Form 990$-7,795
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
Ppp Loan$113,295
Credit Cards$15,401
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 president/ceo 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 president/ceo'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
Stephen Kimberlin CPA
Title
Treasurer
Phone
8047406930
Signed
2021-11-12
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
18

Preparer

Firm
Harris Hardy & Johnstone Pc
Address
300 ARBORETUM PL STE 660, RICHMOND, VA 23236
Preparer
George G Crowell CPA
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 pooled 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 and/or equipment through cct's charitable fund award program.

Form 990, Part XI, Line 9

Investment fees -7,795 investment fees 7,795

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

INVESTMENT FEES -7,795

Schedule D, Page 4, Part XII, Line 2D

INVESTMENT FEES -7,795

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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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