Common Future FY2021 filing

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Common Future is a network of pioneering leaders across the u.s. And canada who work deeply within their communities to create alternative approaches to business, philanthropy, and investing. We envision an economy that has transitioned from the extractive accumulation of wealth and centralization of power to one that edistributes wealth, democratizes power, and shifts economic control to marginalized communities.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$870K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $2.3M a year · 22% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$870K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
38 mo
of spending, in cash
Looks good: 37.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
11
named funders · $3.5M
Looks good: 11 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$520K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.2M
+23% vs prior year
Spent
$5.4M
To programs
79%
Net assets
$17.5M
By yearFY2020–FY2024
Revenue
$15.2M
FY2021▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.4M
FY2021$15.2M
FY2022$13.1M
FY2023$5.3M
FY2024$5.8M
Expenses
$5.4M
FY2021▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.2M
FY2021$5.4M
FY2022$9.6M
FY2023$10.3M
FY2024$8.0M
Net assets
$17.5M
FY2021▲ +128%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.7M
FY2021$17.5M
FY2022$24.2M
FY2023$19.1M
FY2024$16.9M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $4.3M Management & general 12% · $621K Fundraising 9% · $491K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $870K paid to officers and key staff.

Part VII, Section A · reportable compensation
$201,042Pt VII · Sec A
Chief Strategy Officer
$144,694Pt VII · Sec A
Chief Operating Officer
$134,003Pt VII · Sec A
Managing Director - as of 3/2021
$111,132Pt VII · Sec A
VP of People Operations
$110,376Pt VII · Sec A
VP of Finance and Administration - as of 2/2021
$103,668Pt VII · Sec A
Chief Program Officer - Until 4/2021
$63,587Pt VII · Sec A
$500Pt VII · Sec A

Jennifer Njuguna’s $209K as Co-CEO is at the 69th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Rodney Foxworth—$177,919$209,583$201,042$166,331
Jennifer Njuguna$209,265$199,997$153,941$134,003—
Jessica Feingold$205,748$199,691$163,661$144,694$141,638
Sandhya Nakhasi$205,434$194,297———
Vivienne Lee—$177,919$163,811$111,132—
Tyra Edmond$157,680————
Marissa Guananja$152,195————
Joann Wagner$141,752$146,980———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Common Future executive salaries →

1 open job right now. See them →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Redistributes capital and empowers marginalized communities by piloting flexible financing models and building a more equitable, democratic economy through a network of local leaders.

Questions for Common Future

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3 programs · $4.0M · in their own filed words · FY2021
01

Project incubation we incubate projects that have the potential to drastically transform capital distribution and wealth ownership. By forging collaboratives with like-minded organizations, we build upon our shared networks to bring new models to life.

$1.8Mprogram expense
02

Capital intermediation our work as an intermediary has three principal aims: redistribute capital to community leaders. Pilot new types of flexible financing that better serve their needs. Create a new asset class tailored to these communities that can scale and attract capital on its own.

$1.7Mprogram expense
03

Leadership and field building by bringing together fellows, funders, and other key players in the economy, common future has built a unique network that is poised to learn together; forge new collaborations; provide real financial opportunities through grantmaking and capital products; and elevate this work to mainstream actors in…

$473Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 11 funders →
Grants paid · 96 grants · $5.5M · 2020–2024
Possibility LabsCA · FY2024$100,000
Worker Justice WisconsinWI · FY2024$50,000
Wisconnect Holding Cooperative LwcaFY2024$50,000
The Wildflower FoundationMN · FY2024$50,000
Remix IdeasFY2024$50,000
Forward Cities INCNC · FY2024$50,000
Fit to NavigateFY2024$50,000
Northwestbronx Community and Clergy Coalition INCFY2024$25,000
Four Day Workweek CampaignNY · FY2024$20,000
Mountain Bizcapital INCNC · FY2024$15,000
CDC Small Business Finance - VFY2024$15,000
Tides CenterCA · FY2023$226,000
See all 96 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$15.2M
Ln 12
Gifts and grantsLn 1h$14.9M
Fees for servicesLn 2g$271K
Investment incomeLn 3$13K
Money outPt IX
$5.4M
Ln 25
Programscol B$4.3M
Managementcol C$621K
Fundraisingcol D$491K
Owns and owesPt X
$17.5M
net assets · Ln 32
Cash and savingsLn 1–2$16.8M
Total assetsLn 16$18.1M
LiabilitiesLn 26$520K
PeoplePt VI, VII
18
listed · VII A
PaidVII A9
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.9M
Government grantsLn 1e$236K
Fees for servicesLn 2g$271K
Investment incomeLn 3$13K
Total revenueLn 12$15.2M
Assets in detailPt X, end of year
CashLn 1$15.2M
SavingsLn 2$1.6M
Cash and savings togetherLn 1–2$16.8M
Other assetsLn 15$6K
Total assetsLn 16$18.1M
LiabilitiesLn 26$520K
Net assetsLn 32$17.5M
OperationsPt I, VI
EmployeesI 532
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$7.5M$16.8M
Total assetsLn 16$8.5M$18.1M
LiabilitiesLn 26$835K$520K
Net assetsLn 32$7.7M$17.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.5M$1.5M
Pay of current officers, directors and key staffLn 5$731K$404K$150K$178K
Other salaries and wagesLn 7$1.5M$1.2M$126K$233K
Pension plan contributionsLn 8$52K$40K$4K$8K
Other employee benefitsLn 9$85K$64K$7K$13K
Payroll taxesLn 10$175K$123K$21K$32K
Other fees for servicesLn 11g$1.1M$909K$210K$1K
Office expensesLn 13$70K$21K$41K$8K
Information technologyLn 14$43K$28K$7K$7K
OccupancyLn 16$70K$40K$19K$10K
TravelLn 17$14K$7K$6K$768
Conferences, conventions and meetingsLn 19$271$271
InsuranceLn 23$2K$1K$376$328
Other expenses (24a–d)Ln 24$33K$5K$28K$755
Total functional expensesLn 25$5.4M$4.3M$621K$491K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 14, 2025 $5.8M$8.0M−$2.2M$16.9M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $5.3M$10.3M−$5.0M$19.1M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $13.1M$9.6M$3.5M$24.2M 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $15.2M$5.4M$9.9M$17.5M 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $12.4M$7.2M$5.2M$7.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $15,228,866 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,529,627$14,945,095
I-9 Program service revenuePrior year $870,500$271,237
I-10 Investment incomePrior year $7,852$12,534
I-11 Other revenuePrior year $900$0
I-12 Total revenuePrior year $12,408,879$15,228,866
I-13 Grants and similar amounts paidPrior year $3,606,571$1,450,886
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,763,707$2,571,807
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,821,586$1,352,330
I-18 Total expensesPrior year $7,191,864$5,375,023
I-19 Revenue less expensesPrior year $5,217,015$9,853,843
Part VI · Governance 9 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,228,866 across 6 lines filed
VIII-1e Government grants$235,948
VIII-1f All other contributions, gifts and grants$14,709,147
VIII-1h Total contributions, gifts and grants$14,945,095
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $271,237$271,237
VIII-3 Investment incomeExcluded from tax $12,534$12,534
VIII-12 Total revenueRelated to mission $271,237 · Unrelated business $0 · Excluded from tax $12,534$15,228,866
Part IX · Statement of functional expenses $5,375,023 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $1,450,886$1,450,886
IX-5 Pay of current officers, directors and key staffPrograms $404,033 · Management $149,558 · Fundraising $177,621$731,212
IX-7 Other salaries and wagesPrograms $1,168,939 · Management $126,202 · Fundraising $233,111$1,528,252
IX-8 Pension plan contributionsPrograms $40,358 · Management $4,257 · Fundraising $7,604$52,219
IX-9 Other employee benefitsPrograms $64,317 · Management $7,485 · Fundraising $12,916$84,718
IX-10 Payroll taxesPrograms $122,784 · Management $21,049 · Fundraising $31,573$175,406
IX-11g Other fees for servicesPrograms $908,668 · Management $210,413 · Fundraising $1,077$1,120,158
IX-13 Office expensesPrograms $21,159 · Management $41,478 · Fundraising $7,633$70,270
IX-14 Information technologyPrograms $28,346 · Management $7,491 · Fundraising $7,091$42,928
IX-16 OccupancyPrograms $40,255 · Management $18,940 · Fundraising $10,351$69,546
IX-17 TravelPrograms $7,346 · Management $6,135 · Fundraising $768$14,249
IX-19 Conferences, conventions and meetingsPrograms $271$271
IX-23 InsurancePrograms $1,274 · Management $376 · Fundraising $328$1,978
IX-24 Other expenses (24a–d)Programs $4,615 · Management $27,560 · Fundraising $755$32,930
IX-25 Total functional expensesPrograms $4,263,251 · Management $620,944 · Fundraising $490,828$5,375,023
Part X · Balance sheet $18,062,801 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $5,896,670$15,223,914
X-2 Savings and temporary cash investmentsStart of year $1,607,210$1,609,008
X-4 Accounts receivableStart of year $1,003,357$1,204,703
X-9 Prepaid expenses and deferred chargesStart of year $9,612$19,276
X-15 Other assetsStart of year $2,700$5,900
X-16 Total assetsStart of year $8,525,187$18,062,801
X-17 Accounts payable and accrued expensesStart of year $598,768$469,982
X-18 Grants payable$50,000
X-25 Other liabilitiesStart of year $235,948$0
X-26 Total liabilitiesStart of year $834,716$519,982
X-27 Net assets without donor restrictionsStart of year $6,889,551$16,741,899
X-28 Net assets with donor restrictionsStart of year $800,920$800,920
X-32 Total net assets or fund balancesStart of year $7,690,471$17,542,819
X-33 Total liabilities and net assetsStart of year $8,525,187$18,062,801
Part XI · Reconciliation of net assets $17,542,819 net assets at year end
XI-1 Total revenue$15,228,866
XI-2 Total expenses$5,375,023
XI-3 Revenue less expenses$9,853,843
XI-4 Net assets at start of year$7,690,471
XI-8 Prior period adjustments−$1,495
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,542,819

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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