Liabilities / Assets
16th percentile
Higher debt load relative to assets than 16% of similar nonprofits.
Commonwealth Impact Foundation Inc
EIN 85-0781875 • 501(c)3 • Indianapolis, IN
Profile
The world has never experienced so much prosperity nor faced so many massive challenges. Commonwealth harnesses the same entrepreneurial talent that creates wealth to create more opportunity for everyone to flourish.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
15th percentile
Higher debt load relative to revenue than 15% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
23rd percentile
Higher top officer pay than 23% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
6th percentile
Faster asset growth than 6% of similar nonprofits.
Revenue Growth
58th percentile
Faster revenue growth than 58% of similar nonprofits.
Balance Sheet
Assets
Down$8,705,416
Down $2,343,559 (-21%) from 2023
Liabilities
Down$41,228
Down $242,105 (-85%) from 2023
Net Assets
Down$8,664,188
Down $2,101,454 (-20%) from 2023
Revenue
Up$6,109,705
Up $641,115 (+12%) from 2023
Expenses
Down$8,661,815
Down $1,659,314 (-16%) from 2023
Net Income
Up-$2,552,110
Up $2,300,429 (+47%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $8,705,416
- Liabilities
- $41,228
- Net assets
- $8,664,188
- Revenue
- $6,109,705
- Expenses
- $8,661,815
- Net income
- -$2,552,110
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 13, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $6,109,900
Mission and Program Overview
Mission
The world has never experienced so much prosperity nor faced so many massive challenges. Commonwealth harnesses the same entrepreneurial talent that creates wealth to create more opportunity for everyone to flourish.
Commonwealth harnesses entrepreneurial talent to help communities flourish.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Other Securities | $7,409,693 | $7,763,141 | ▲ $353,448 |
| Other Notes and Loans Receivable, Net | $360,614 | $328,792 | ▼ $31,822 |
| Cash and Non-Interest-Bearing Accounts | $2,981,396 | $326,903 | ▼ $2,654,493 |
| Accounts Receivable | $0 | $32,400 | ▲ $32,400 |
| Prepaid Expenses and Deferred Charges | $18,340 | $2,101 | ▼ $16,239 |
| Total Assets | $11,048,975 | $8,705,416 | ▼ $2,343,559 |
| Other Assets Total | $278,932 | $252,079 | ▼ $26,853 |
| Liabilities | |||
| Other Liabilities | $270,000 | $0 | ▼ $270,000 |
| Accounts Payable and Accrued Expenses | $13,333 | $39,738 | ▲ $26,405 |
| Deferred Revenue | - | $1,490 | - |
| Total Liabilities | $283,333 | $41,228 | ▼ $242,105 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $10,765,642 | $8,664,188 | ▼ $2,101,454 |
| Total Net Assets Fund Balance | $10,765,642 | $8,664,188 | ▼ $2,101,454 |
| Total Liabilities and Net Assets / Fund Balance | $11,048,975 | $8,705,416 | ▼ $2,343,559 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $450,000 | - | - |
| Closely Held Equity Interests | $424,365 | - | - |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Cliff Benson | Board Member |
| Jay Hein | Board Member |
| Winston Justice | Board Member |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $6,427,064
- Program Service Revenue
- $0
- Investment Income
- $58,939
- Other Revenue
- $-376,298
- All Other Contributions
- $6,427,064
- Change in Net Assets
- $-2,552,110
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $6,359,607
- Revenue Not Reported on Financial Statements
- $-249,902
- Revenue Not Reported on Form 990
- $26
- Other Revenue Adjustments
- $-249,902
- Total Revenue per Audited Statements
- $6,359,633
- Total Revenue per Form 990
- $6,109,705
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $8,034,977 |
| Other Expenses | $626,838 |
| Total Fundraising Expense | $45,988 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $8,034,977 | - | - | $8,034,977 |
| Fees for Services Other | $78,988 | - | - | $78,988 |
| Fees for Services Accounting | - | $60,500 | - | $60,500 |
| Other Expenses | $22,011 | $44,550 | $32,666 | $44,550 |
| Fees for Service Investment Mgmnt Fees | $40,828 | - | - | $40,828 |
| Information Technology | - | $20,783 | - | $20,783 |
| All Other Expenses | - | $2,466 | $5,538 | $8,004 |
| Conferences and Meetings | - | - | $7,521 | $7,521 |
| Insurance | - | $6,282 | - | $6,282 |
| Fees for Services Legal | - | $6,124 | - | $6,124 |
| Occupancy | - | $4,590 | - | $4,590 |
| Advertising | - | - | $263 | $263 |
| Interest | - | $216 | - | $216 |
| Office Expenses | - | $64 | - | $64 |
| Total Functional Expenses | $8,410,622 | $205,205 | $45,988 | $8,661,815 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Form 990 | $8,661,815 |
| Expenses per Audited Statements | $8,617,265 |
| Total Expenses per Audited Statements | $8,617,265 |
| Expenses Not Reported on Financial Statements | $44,550 |
| Other Expense Adjustments | $44,550 |
| Expenses Not Reported on Form 990 | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| World Shoe Fund Inc | Charlotte, NC | 501(c)(3) | Mission Support | $7,500,000 |
| National Christian Foundation | Alpharetta, GA | 501(c)(3) | Mission Support | $425,936 |
| International Generosity Foundation Trust | Clearwater, FL | 501(c)(3) | Mission Support | $80,000 |
| Raymond James Trust | St Petersburg, FL | 501(c)(3) | Mission Support | $22,446 |
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
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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
- Yes
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“The board may choose to review and approve the tax form during a board meeting or they may choose to email copies to board members for review, approval, and comments.”
Form 990, Part VI, Section B, Line 12C
“The board of directors reviews the annual disclosures to ensure compliance with the conflict of interest policy in force.”
Form 990, Part VI, Section C, Line 19
“Governing documents disclosure explanation: commonwealth impact foundation's tax forms are available for public disclosure on the guidestar website or upon request.”
FORM 990, PART VI, SECTION A, LINE 9:
“Cliff benson, jr: 3900 barrett dr ste 101 raleigh, nc 27609 winston justice: 801 crescent centre dr., suite 600 franklin, tn 37067”
Filing and Contact Details
Filer
- Filer Name
- Commonwealth Impact Foundation Inc
- EIN
- 85-0781875
- Phone
- 3174722020
- Address
- PO BOX 301076, INDIANAPOLIS, IN 46230
Signing Officer
- Name
- Jay Hein
- Title
- Managing Member
- Phone
- 3177107494
- Signed
- 2025-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Jay Hein
- Formed
- 2020
- Legal Domicile
- In
- Voting Board Members
- 3
- Independent Board Members
- 3
- Employees
- 0
- Volunteers
- 3
Preparer
- Firm
- Barnes Dennig & Co Ltd
- Address
- 5342 W VERMONT ST, INDIANAPOLIS, IN 46224
- Preparer
- John W Keller CPA
- Phone
- 3172412999
Supplemental Narrative
Additional Explanations
Form 990, Part III, Line 2
“Commonwealth impact foundation helps nonprofits and social ventures with demonstrated social impact access early-stage capital in the form of grants and low-interest loans. In 2024, commonwealth provided more than $7m in grant funding to world shoe fund to disrupt the chronic cycle of poverty and preventable disease in developing nations through advocacy, education, and access to footwear. In 2024, world shoe fund distributed more than 380,000 pairs of shoes for national health and hygiene initiatives and secured seven new country partnerships. Commonwealth impact foundation holds and administers donor advised funds to make mission-related investments to nonprofit and for profit companies with demonstrated social impact. These donor advised funds are typically held by individuals and funded by a new charitable contribution or grant from an existing donor advised fund at another institution. Daf investments may be in the form of loans or equity. Commonwealth made 8 new investments from donor advised funds in 2024. Commonwealth impact foundation specializes in real estate transactions supporting nonprofits and other charitable entities. In 2024, commonwealth facilitated a low-interest loan for heart change ministries to acquire and redevelop a building in indianapolis. At this facility, heart change supports single mothers in crisis through emotional support, education, and career training.”
FORM 990, PART XI, LINE 9:
“Adjustment for k-1 activity not included on audited financial statements 294,452. Change in investment in subsidiaries -28,778. Deferred tax benefit 54,863.”
FORM 990, PART XII, LINE 2C:
“The board's oversight process for the audit has not changed since last year.”
Financial Statement Notes
PART XI, LINE 2D - OTHER ADJUSTMENTS:
“Change in investment in subsidiaries -28,778.”
PART XI, LINE 4B - OTHER ADJUSTMENTS:
“Schedule k-1 passthrough net losses -249,902.”
PART XII, LINE 4B - OTHER ADJUSTMENTS:
“K-1 passthrough portfolio deductions 44,550.”
Raw XML AppendixShowing 400 of 523 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/Desc | 0 | COMMONWEALTH IMPACT FOUNDATION HELPS NONPROFITS AND SOCIAL VENTURES WITH DEMONSTRATED SOCIAL IMPACT ACCESS EARLY-STAGE CAPITAL IN THE FORM OF GRANTS AND LOW-INTEREST LOANS. IN 2024, COMMONWEALTH PROVIDED MORE THAN $7M IN GRANT FUNDING TO WORLD SHOE FUND TO DISRUPT THE CHRONIC CYCLE OF POVERTY AND PREVENTABLE DISEASE IN DEVELOPING NATIONS THROUGH ADVOCACY, EDUCATION, AND ACCESS TO FOOTWEAR. IN 2024, WORLD SHOE FUND DISTRIBUTED MORE THAN 380,000 PAIRS OF SHOES FOR NATIONAL HEALTH AND HYGIENE INITIATIVES AND SECURED SEVEN NEW COUNTRY PARTNERSHIPS. |
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| IRS990/MissionDesc | 0 | THE WORLD HAS NEVER EXPERIENCED SO MUCH PROSPERITY NOR FACED SO MANY MASSIVE CHALLENGES. COMMONWEALTH HARNESSES THE SAME ENTREPRENEURIAL TALENT THAT CREATES WEALTH TO CREATE MORE OPPORTUNITY FOR EVERYONE TO FLOURISH. |
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| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | -211825 |
| IRS990/OtherRevenueTotalAmt | 0 | -376103 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 360614 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 328792 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
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| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2101 |
| IRS990/PrincipalOfficerNm | 0 | JAY HEIN |
| IRS990/PriorPeriodAdjustmentsAmt | 0 | 101315 |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | COMMONWEALTH IMPACT FOUNDATION HOLDS AND ADMINISTERS DONOR ADVISED FUNDS TO MAKE MISSION-RELATED INVESTMENTS TO NONPROFIT AND FOR PROFIT COMPANIES WITH DEMONSTRATED SOCIAL IMPACT. THESE DONOR ADVISED FUNDS ARE TYPICALLY HELD BY INDIVIDUALS AND FUNDED BY A NEW CHARITABLE CONTRIBUTION OR GRANT FROM AN EXISTING DONOR ADVISED FUND AT ANOTHER INSTITUTION. DAF INVESTMENTS MAY BE IN THE FORM OF LOANS OR EQUITY. COMMONWEALTH MADE 8 NEW INVESTMENTS FROM DONOR ADVISED FUNDS IN 2024. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | COMMONWEALTH IMPACT FOUNDATION SPECIALIZES IN REAL ESTATE TRANSACTIONS SUPPORTING NONPROFITS AND OTHER CHARITABLE ENTITIES. IN 2024, COMMONWEALTH FACILITATED A LOW-INTEREST LOAN FOR HEART CHANGE MINISTRIES TO ACQUIRE AND REDEVELOP A BUILDING IN INDIANAPOLIS. AT THIS FACILITY, HEART CHANGE SUPPORTS SINGLE MOTHERS IN CRISIS THROUGH EMOTIONAL SUPPORT, EDUCATION, AND CAREER TRAINING. |
| IRS990/ProgSrvcAccomActyOtherGrp/Desc | 0 | CW CITY FUND: COMMONWEALTH IS GROWING AN IMPACT INVESTING NETWORK IN 15 CITIES TO FUND VENTURE PHILANTHROPY AND VC/PE DEALS AIMED AT COMMUNITY RENEWAL.CW VENTURES: COMMONWEALTH SPONSORS SELECT PRIVATE OFFERINGS FOR COMPANIES ADVANCING MARKET SOLUTIONS TO THE WORLD'S BIGGEST PROBLEMS, INCLUDING THE WEALTH GAP BETWEEN WHITE FAMILIES AND BLACK FAMILIES IN AMERICA AND ACCESS TO QUALITY HEALTH CARE AND MENTAL HEALTH SERVICES. |
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| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 5031020 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
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| IRS990/PYInvestmentIncomeAmt | 0 | 243177 |
| IRS990/PYOtherExpensesAmt | 0 | 803362 |
| IRS990/PYOtherRevenueAmt | 0 | 194393 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 0 |
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| IRS990/PYTotalExpensesAmt | 0 | 10321129 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 5468590 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
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| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
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| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 0 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9979682 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5450469 |
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| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 58939 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 128288 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 71637 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13521 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 272385 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 126101 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 26888235 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 6427064 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 5031020 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9979682 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5450469 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 26888235 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 27160620 |
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| 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 | 1 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/BookValueAmt | 0 | 424365 |
| IRS990ScheduleD/CloselyHeldEquityInterestsGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/DisclosedForCharitablePrpsInd | 0 | 1 |
| IRS990ScheduleD/DisclosedOrgLegCtrlInd | 0 | 1 |
| IRS990ScheduleD/DonorAdvisedFundsContriAmt | 0 | 6264002 |
| IRS990ScheduleD/DonorAdvisedFundsHeldCnt | 0 | 94 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 44550 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 8617265 |
| IRS990ScheduleD/FundsAndOtherAccountsContriAmt | 0 | 247258 |
| IRS990ScheduleD/FundsAndOtherAccountsHeldCnt | 0 | 10 |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 28804 |
| IRS990ScheduleD/OtherExpensesNotIncludedAmt | 0 | 44550 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | -28778 |
| IRS990ScheduleD/OtherRevenuesNotIncludedAmt | 0 | -249902 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 6888776 |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 1 | 450000 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | INVESTMENTS IN EQUITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | INVESTMENTS IN SAFE AGREEMENTS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 1 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 26 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | -249902 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 6359607 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | CHANGE IN INVESTMENT IN SUBSIDIARIES -28,778. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | SCHEDULE K-1 PASSTHROUGH NET LOSSES -249,902. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | K-1 PASSTHROUGH PORTFOLIO DEDUCTIONS 44,550. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 4B - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 7763141 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 8661815 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 6109705 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 6359633 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 8617265 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 425936 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 1 | 7500000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 2 | 80000 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 3 | 22446 |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 1 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 2 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 3 | 501(C)(3) |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 0 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 1 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 2 | 0 |
| IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt | 3 | 0 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | MISSION SUPPORT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 1 | MISSION SUPPORT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 2 | MISSION SUPPORT |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 3 | MISSION SUPPORT |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | NATIONAL CHRISTIAN FOUNDATION |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 1 | WORLD SHOE FUND INC |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 2 | INTERNATIONAL GENEROSITY FOUNDATION TRUST |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 3 | RAYMOND JAMES TRUST |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 208964581 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 1 | 920311777 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 2 | 843754469 |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 3 | 591517485 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1150 SANCTUARY PARKWAY SUITE 350 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 1 | 15105 JOHN J DELANEY DRIVE |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 2 | 1901 ULMERTON RD SUITE 400 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 3 | 880 CARILLON PARKWAY |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | ALPHARETTA |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 1 | CHARLOTTE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 2 | CLEARWATER |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 3 | ST PETERSBURG |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | GA |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 1 | NC |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 2 | FL |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 3 | FL |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 30009 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 1 | 28277 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 2 | 33762 |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 3 | 33762 |
| IRS990ScheduleI/Total501c3OrgCnt | 0 | 4 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | COMMONWEALTH IMPACT FOUNDATION HELPS NONPROFITS AND SOCIAL VENTURES WITH DEMONSTRATED SOCIAL IMPACT ACCESS EARLY-STAGE CAPITAL IN THE FORM OF GRANTS AND LOW-INTEREST LOANS. IN 2024, COMMONWEALTH PROVIDED MORE THAN $7M IN GRANT FUNDING TO WORLD SHOE FUND TO DISRUPT THE CHRONIC CYCLE OF POVERTY AND PREVENTABLE DISEASE IN DEVELOPING NATIONS THROUGH ADVOCACY, EDUCATION, AND ACCESS TO FOOTWEAR. IN 2024, WORLD SHOE FUND DISTRIBUTED MORE THAN 380,000 PAIRS OF SHOES FOR NATIONAL HEALTH AND HYGIENE INITIATIVES AND SECURED SEVEN NEW COUNTRY PARTNERSHIPS. COMMONWEALTH IMPACT FOUNDATION HOLDS AND ADMINISTERS DONOR ADVISED FUNDS TO MAKE MISSION-RELATED INVESTMENTS TO NONPROFIT AND FOR PROFIT COMPANIES WITH DEMONSTRATED SOCIAL IMPACT. THESE DONOR ADVISED FUNDS ARE TYPICALLY HELD BY INDIVIDUALS AND FUNDED BY A NEW CHARITABLE CONTRIBUTION OR GRANT FROM AN EXISTING DONOR ADVISED FUND AT ANOTHER INSTITUTION. DAF INVESTMENTS MAY BE IN THE FORM OF LOANS OR EQUITY. COMMONWEALTH MADE 8 NEW INVESTMENTS FROM DONOR ADVISED FUNDS IN 2024. COMMONWEALTH IMPACT FOUNDATION SPECIALIZES IN REAL ESTATE TRANSACTIONS SUPPORTING NONPROFITS AND OTHER CHARITABLE ENTITIES. IN 2024, COMMONWEALTH FACILITATED A LOW-INTEREST LOAN FOR HEART CHANGE MINISTRIES TO ACQUIRE AND REDEVELOP A BUILDING IN INDIANAPOLIS. AT THIS FACILITY, HEART CHANGE SUPPORTS SINGLE MOTHERS IN CRISIS THROUGH EMOTIONAL SUPPORT, EDUCATION, AND CAREER TRAINING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE BOARD MAY CHOOSE TO REVIEW AND APPROVE THE TAX FORM DURING A BOARD MEETING OR THEY MAY CHOOSE TO EMAIL COPIES TO BOARD MEMBERS FOR REVIEW, APPROVAL, AND COMMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD OF DIRECTORS REVIEWS THE ANNUAL DISCLOSURES TO ENSURE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IN FORCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: COMMONWEALTH IMPACT FOUNDATION'S TAX FORMS ARE AVAILABLE FOR PUBLIC DISCLOSURE ON THE GUIDESTAR WEBSITE OR UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | CLIFF BENSON, JR: 3900 BARRETT DR STE 101 RALEIGH, NC 27609 WINSTON JUSTICE: 801 CRESCENT CENTRE DR., SUITE 600 FRANKLIN, TN 37067 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ADJUSTMENT FOR K-1 ACTIVITY NOT INCLUDED ON AUDITED FINANCIAL STATEMENTS 294,452. CHANGE IN INVESTMENT IN SUBSIDIARIES -28,778. DEFERRED TAX BENEFIT 54,863. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE BOARD'S OVERSIGHT PROCESS FOR THE AUDIT HAS NOT CHANGED SINCE LAST YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART III, LINE 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART VI, SECTION A, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART XI, LINE 9: |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART XII, LINE 2C: |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | COMMONWEALTH IMPACT FOUNDATION INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 871029630 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | IN |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct | 0 | 1.00000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | INVESTMENT MANAGEMENT |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | COMMONWEALTH VENTURES OF AMERICA LLC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt | 0 | 214001 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt | 0 | -27237 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | PO BOX 301076 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | INDIANAPOLIS |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 46230 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | COMMONWEALTH IMPACT FOUNDATION |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | COMMONWEALTH IMPACT FOUNDATION |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 2 | COMMONWEALTH IMPACT FOUNDATION |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd | 1 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd | 2 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 0 | 872202079 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 1 | 853217461 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 2 | 932402255 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd | 0 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd | 1 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd | 2 | 1 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd | 0 | IN |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd | 1 | IN |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd | 2 | IN |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct | 0 | 0.88730 |
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