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Commonwealth Foundation EIN 73-1463741

Commonwealth Foundation

EIN  73-1463741 Private foundation / grantmaker Tulsa, OK
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Size
$100K–1M
What they do
A private foundation based in Tulsa, OK. It reported about $381K in revenue for 2025.
Leadership
Randi S Wightman · Trustee
Money in and out
$381K revenue, $714K expenses
Bottom line
—

A private foundation based in Tulsa, OK. It reported about $381K in revenue for 2025. For fiscal year 2025 it reported $381K in revenue, $714K in expenses, and $10.5M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$714K
Pt IX · Ln 25
Net assets
$10.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$333K
Total assets
10.5M
deployed as grants and operations
Grants paid
552K
in FY2025
Grants made
17grants
total in period
Payout rate
5%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 17 grants · $552K · 2025–2025
The University of TulsaFY2025$75,000
The Gilcrease Museum Management TrustFY2025$75,000
Oklahoma Educational Television AuthorityFY2025$75,000
Planned Parenthood Great PlainsFY2025$50,000
Green Country Habitat for HumanityFY2025$50,000
George Miksch Sutton Avian Research CenterFY2025$50,000
Tulsa Opera INCFY2025$25,000
Tulsa Lawyers for Children INCFY2025$25,000
Volunteers of America OklahomaFY2025$20,000
Tulsa Symphony Orchestra INCFY2025$20,000
Tulsa BalletFY2025$20,000
Museum of Tulsa HistoryFY2025$20,000
The Pencil BoxFY2025$10,000
Phoenix Rising Alternative School FoundationFY2025$10,000
Oklahoma Policy InstituteFY2025$10,000
Hospice of Green CountryFY2025$10,000
The Frontier Media Group INCFY2025$7,500

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$32K
Median grantPart XV$20K
Largest grantPart XV$75K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$381K
FY2025▼ -26%
Expenses
$714K
FY2025▲ +15%
Total assets
$10.5M
FY2025▼ -3%
Total liabilities
$0
FY2025
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$714K
Pt IX · Ln 25
Net assets
$10.5M
Pt X · Ln 32
Total assetsPt II$10.5M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommonwealth Foundation
EINHdr · item D73-1463741
Principal addressHdr · item CTulsa, OK
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20J)
Ruling yearIRS BMFApr 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Commonwealth Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$378K · 99%
Other revenue$3K · 1%
Investment income99%$378K
Other revenue1%$3K
Total revenueLn 12$381K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.77 Operating & administrative $0.23
Grants & contributions paid77%$552K
Operating & administrative23%$162K
Total functional expensesLn 25$714K

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$10.5M
Total liabilitiesLn 26$0
Total net assetsLn 32$10.5M
Months of cash on handcomputed21.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $10.5M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $381K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $381K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $381K · Prior year $515K
-26%
Revenue CAGR
FY2020 $819K · FY2025 $381K
-14%
Net-asset trend (YoY)
End of year $10.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $381K · Expenses $714K
-87%
Liabilities-to-Assets
Total liabilities — · Total assets $10.5M
—
Net-asset ratio
Net assets $10.5M · Total assets $10.5M
100%
People & payroll
Highest Reported Total Compensation
Individual Randi S Wightman · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $714K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -26%——

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.

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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
FY2025 (Latest)$381K revenue · viewing · ⤓ 990 PDF
FY2024$515K revenue · ⤓ 990 PDF
FY2023$-263K revenue · ⤓ 990 PDF
FY2022$746K revenue · ⤓ 990 PDF
FY2021$1.5M revenue · ⤓ 990 PDF
FY2020$819K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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