Common Foundation EIN 26-1421917

Common Foundation FY2022 filing

EIN  26-1421917 Public charity (501(c)(3)) Boulder, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers courageous innovators to create positive social and environmental change.
Leadership
Matthew Wilburn King · CEO · $57K
Money in and out
$346K revenue, $309K expenses
Bottom line
76% program efficiency

Empowers courageous innovators to create positive social and environmental change. For fiscal year 2022 it reported $346K in revenue, $309K in expenses, and $111K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $37K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24 Fundraising $0.01
Program efficiency
76%
of spending reaches programs
Operating runway
7.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$346K
FY2022▲ +39%
Expenses
$309K
FY2022▲ +42%
Total assets
$199K
FY2022▲ +107%
Total liabilities
$88K
FY2022▲ +294%
Total revenue
$346K
Pt VIII · Ln 12
Total expenses
$309K
Pt IX · Ln 25
Net assets
$111K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$37K
Total assetsPt X · Ln 16$199K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $234K of program spending, described in the organization's own filed words · FY2022.
01

The organization supports and promotes people with great ideas with the courage to make a positive social or environmental impact for public benefit.

$234Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommon Foundation
EINHdr · item D26-1421917
Principal addressHdr · item CBoulder, CO
WebsiteHdr · item Jwww.ourcommonfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C123)
Ruling yearIRS BMFJun 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$57,047Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Matthew Wilburn King’s $69K as CEO is at the 50th percentile of top reported officer pay among 1981 $100K–1M environment 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matthew Wilburn King$69,000$41,219$57,047$35,618$44,582

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.

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Statement of Revenue

Part VIII
Contributions & grants100%$346K
Total revenueLn 12$346K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24 Fundraising $0.01
Program services76%$234K
Management & general24%$73K
Fundraising1%$2K
Total functional expensesLn 25$309K

Balance Sheet

Part X · end of year
CashLn 1$199K
Total assetsLn 16$199K
Total liabilitiesLn 26$88K
Total net assetsLn 32$111K
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $199K · Operating expenses/yr $309K
7.7 months
Where the money goes
Program services
Program services $234K · Total expenses $309K
76%
Management & General
Management & general $73K · Total expenses $309K
24%
Fundraising
Fundraising $2K · Total expenses $309K
0.6%
Cost to raise $1
Fundraising expense (2-yr avg) $1K · Solicited contributions (2-yr avg) $297K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $346K · Total revenue $346K
100%
Government reliance
Government grants — · Total revenue $346K
Earned-income share
Program service revenue $0 · Total revenue $346K
0%
Investment reliance
Investment income $0 · Total revenue $346K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $309K
0%
Growth & trend
Revenue growth (YoY)
This year $346K · Prior year $249K
+39%
Net-asset trend (YoY)
End of year $111K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $346K · Expenses $309K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $199K
Net-asset ratio
Net assets $111K · Total assets $199K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $199K
0%
People & payroll
Highest Reported Total Compensation
Individual Matthew Wilburn King · Reported title CEO · Highest reported compensation $57K · Total expenses $309K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $94K · Total expenses $309K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0.5%
Revenue growth 39%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 2%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$15K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$632K revenue · ⤓ 990 PDF
FY2023$495K revenue · ⤓ 990 PDF
FY2022$346K revenue · viewing · ⤓ 990 PDF
FY2021$249K revenue · ⤓ 990 PDF
FY2020$125K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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