Common Future FY2022 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.
73¢ of each $1 spent went to programs.
$935K 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

FY2022 · 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
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$935K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
31 mo
of spending, in cash
Looks good: 30.6 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
$4.6M
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.1M
-14% vs prior year
Spent
$9.6M
To programs
73%
Net assets
$24.2M
By yearFY2020–FY2024
Revenue
$13.1M
FY2022▼ -14%
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
$9.6M
FY2022▲ +78%
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
$24.2M
FY2022▲ +38%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

73 cents of each dollar spent went to programs.

Program services 73% · $7.0M Management & general 16% · $1.5M Fundraising 11% · $1.0M

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

14 people listed on the 990; $935K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO / Board Secretary
$209,583Pt VII · Sec A
Chief Impact Officer
$163,811Pt VII · Sec A
Chief Strategy Officer
$163,661Pt VII · Sec A
Chief Operating Officer
$153,941Pt VII · Sec A
VP of People Operations
$135,065Pt VII · Sec A
Director of Capital Strategies
$108,618Pt VII · Sec A
$0Pt VII · Sec A
$0Pt 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 · $6.6M · in their own filed words · FY2022
01

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.

$4.0Mprogram expense
02

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.

$1.6Mprogram 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…

$963Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$13.1M
Ln 12
Gifts and grantsLn 1h$13.0M
Investment incomeLn 3$15K
Other incomeLn 4–11$12K
Money outPt IX
$9.6M
Ln 25
Programscol B$7.0M
Managementcol C$1.5M
Fundraisingcol D$1.0M
Owns and owesPt X
$24.2M
net assets · Ln 32
Cash and savingsLn 1–2$24.4M
Total assetsLn 16$28.7M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
14
listed · VII A
PaidVII A6
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.0M
Investment incomeLn 3$15K
Other incomeLn 4–11$12K
Gains on assetsLn 7−$70K
Total revenueLn 12$13.1M
Assets in detailPt X, end of year
CashLn 1$14.3M
SavingsLn 2$10.1M
Cash and savings togetherLn 1–2$24.4M
InvestmentsLn 11–13$350K
Other assetsLn 15$10K
Total assetsLn 16$28.7M
LiabilitiesLn 26$4.6M
Net assetsLn 32$24.2M
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 FY22End FY22
Cash and savingsLn 1–2$16.9M$24.4M
InvestmentsLn 11–13$350K
Total assetsLn 16$21.6M$28.7M
LiabilitiesLn 26$956K$4.6M
Net assetsLn 32$20.7M$24.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.9M$3.9M
Pay of current officers, directors and key staffLn 5$983K$452K$167K$364K
Other salaries and wagesLn 7$2.6M$1.5M$683K$410K
Pension plan contributionsLn 8$79K$46K$22K$11K
Other employee benefitsLn 9$286K$157K$70K$60K
Payroll taxesLn 10$274K$148K$66K$59K
Other fees for servicesLn 11g$760K$441K$266K$53K
Advertising and promotionLn 12$72K$42K$25K$5K
Office expensesLn 13$92K$36K$52K$4K
Information technologyLn 14$59K$35K$20K$4K
OccupancyLn 16$115K$104K$6K$6K
TravelLn 17$276K$145K$112K$19K
InsuranceLn 23$15K$13K$1K$343
Other expenses (24a–d)Ln 24$130K$61K$46K$22K
Total functional expensesLn 25$9.6M$7.0M$1.5M$1.0M

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
FY2022 ViewingFiled with the IRS Nov 15, 2023 $13.1M$9.6M$3.5M$24.2M 990 PDF
FY2021Filed 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 FY2022 990 (6 parts)
Part I · Summary $13,069,222 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,804,953$13,041,964
I-9 Program service revenuePrior year $306,237$0
I-10 Investment incomePrior year $12,534$15,258
I-11 Other revenuePrior year $0$12,000
I-12 Total revenuePrior year $16,123,724$13,069,222
I-13 Grants and similar amounts paidPrior year $1,450,886$3,888,632
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,571,805$4,174,178
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $964,412$1,518,099
I-18 Total expensesPrior year $4,987,103$9,580,909
I-19 Revenue less expensesPrior year $11,136,621$3,488,313
Part VI · Governance 8 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
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 $13,069,222 across 7 lines filed
VIII-1d Related organizations$2,156,079
VIII-1f All other contributions, gifts and grants$10,885,885
VIII-1h Total contributions, gifts and grants$13,041,964
VIII-3 Investment incomeExcluded from tax $85,572$85,572
VIII-6 Net rental income or lossRelated to mission $12,000$12,000
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$70,314−$70,314
VIII-12 Total revenueRelated to mission $12,000 · Unrelated business $0 · Excluded from tax $15,258$13,069,222
Part IX · Statement of functional expenses $9,580,909 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $3,888,632$3,888,632
IX-5 Pay of current officers, directors and key staffPrograms $452,223 · Management $167,164 · Fundraising $363,851$983,238
IX-7 Other salaries and wagesPrograms $1,459,742 · Management $682,660 · Fundraising $409,708$2,552,110
IX-8 Pension plan contributionsPrograms $45,667 · Management $21,641 · Fundraising $11,304$78,612
IX-9 Other employee benefitsPrograms $156,586 · Management $69,981 · Fundraising $59,719$286,286
IX-10 Payroll taxesPrograms $148,491 · Management $66,122 · Fundraising $59,319$273,932
IX-11g Other fees for servicesPrograms $441,234 · Management $265,903 · Fundraising $52,954$760,091
IX-12 Advertising and promotionPrograms $42,159 · Management $24,908 · Fundraising $5,284$72,351
IX-13 Office expensesPrograms $36,216 · Management $51,770 · Fundraising $4,154$92,140
IX-14 Information technologyPrograms $35,027 · Management $19,522 · Fundraising $4,147$58,696
IX-16 OccupancyPrograms $103,528 · Management $5,663 · Fundraising $5,706$114,897
IX-17 TravelPrograms $144,743 · Management $112,067 · Fundraising $18,992$275,802
IX-23 InsurancePrograms $12,715 · Management $1,493 · Fundraising $343$14,551
IX-24 Other expenses (24a–d)Programs $61,432 · Management $46,448 · Fundraising $21,691$129,571
IX-25 Total functional expensesPrograms $7,028,395 · Management $1,535,342 · Fundraising $1,017,172$9,580,909
Part X · Balance sheet $28,743,472 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $15,248,036$14,253,767
X-2 Savings and temporary cash investmentsStart of year $1,608,808$10,140,621
X-3 Pledges and grants receivableStart of year $3,845,416$2,347,793
X-4 Accounts receivableStart of year $117,337$1,617,575
X-9 Prepaid expenses and deferred chargesStart of year $19,276$23,661
X-11 Publicly traded securities$350,000
X-15 Other assetsStart of year $5,900$10,055
X-16 Total assetsStart of year $21,644,773$28,743,472
X-17 Accounts payable and accrued expensesStart of year $472,983$630,144
X-18 Grants payable$111,000
X-24 Unsecured notes and loans payableStart of year $433,000$1,575,225
X-25 Other liabilitiesStart of year $50,000$2,250,000
X-26 Total liabilitiesStart of year $955,983$4,566,369
X-27 Net assets without donor restrictionsStart of year $15,664,483$19,362,064
X-28 Net assets with donor restrictionsStart of year $5,024,307$4,815,039
X-32 Total net assets or fund balancesStart of year $20,688,790$24,177,103
X-33 Total liabilities and net assetsStart of year $21,644,773$28,743,472
Part XI · Reconciliation of net assets $24,177,103 net assets at year end
XI-1 Total revenue$13,069,222
XI-2 Total expenses$9,580,909
XI-3 Revenue less expenses$3,488,313
XI-4 Net assets at start of year$20,688,790
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$24,177,103

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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