152 Commonwealth Foundation INC FY2023 filing

Tax-deductible

Boston, MA501(c)(3)Since 2017Arts & CultureEIN 82-2467536Revenue $366K in FY2023

On file with the IRS152commonwealthfoundation.org152 Commonwealth Ave, 02116-2901 · Boston, MATax-exempt since Feb 2018Publicly supported charity — 170(b)(1)(A)(vi)

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152 Commonwealth Foundation INC. Is dedicated to making grants or loans to the chilton club for the purpose of maintaining, restoring or rebuilding the exterior of the historic buildings at 150-152 Commonwealth avenue, boston, massachusetts. The foundation's mission is to ensure continued public enjoyment of the property as part of boston's back bay architectural district.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $97K a year · 30% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 24.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $211K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 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
$366K
+27% vs prior year
Spent
$109K
To programs
89%
Net assets
$976K
By yearFY2020–FY2025
Revenue
$366K
FY2023▲ +27%
Tap a bar for its year
Revenue by fiscal year
FY2020$125K
FY2021$179K
FY2022$287K
FY2023$366K
FY2024$344K
FY2025$415K
Expenses
$109K
FY2023▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$15K
FY2022$96K
FY2023$109K
FY2024$225K
FY2025$661K
Net assets
$976K
FY2023▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$365K
FY2021$528K
FY2022$719K
FY2023$976K
FY2024$1.1M
FY2025$850K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2018.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $97K Management & general 9% · $10K Fundraising 2% · $2K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See 152 Commonwealth Foundation INC executive salaries →

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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 15aNo

Programs and updates

Preserves and enhances the historic building's exterior through public donations.

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Provided by the organization

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1 program · $97K · in their own filed words · FY2023
01

During 2023 the foundation made grants to the chilton club for building renovations.

$97Kprogram 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 13 funders →
Grants paid · 4 grants · $1.0M · 2022–2025
Chilton ClubMA · FY2025$643,100
Chilton ClubMA · FY2024$205,039
Chilton ClubMA · FY2023$97,402
Chilton ClubMA · FY2022$82,973

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$366K
Ln 12
Gifts and grantsLn 1h$349K
Investment incomeLn 3$17K
Money outPt IX
$109K
Ln 25
Programscol B$97K
Managementcol C$10K
Fundraisingcol D$2K
Owns and owesPt X
$976K
net assets · Ln 32
Cash and savingsLn 1–2$226K
Total assetsLn 16$976K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Noncash giftsLn 1g$32K
Investment incomeLn 3$17K
Gains on assetsLn 7$355
Total revenueLn 12$366K
Assets in detailPt X, end of year
SavingsLn 2$226K
Cash and savings togetherLn 1–2$226K
InvestmentsLn 11–13$750K
Total assetsLn 16$976K
LiabilitiesLn 26$0
Net assetsLn 32$976K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$205K$226K
InvestmentsLn 11–13$514K$750K
Total assetsLn 16$719K$976K
LiabilitiesLn 26$0$0
Net assetsLn 32$719K$976K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$97K$97K
Accounting feesLn 11c$5K$5K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$350$350
Office expensesLn 13$1K$1K
Information technologyLn 14$765$765
Other expenses (24a–d)Ln 24$374$374
Total functional expensesLn 25$109K$97K$10K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $415K$661K−$246K$850K 990 PDF
FY2024 $344K$225K$120K$1.1M 990 PDF
FY2023 Viewing $366K$109K$256K$976K 990 PDF
FY2022 $287K$96K$191K$719K 990 PDF
FY2021 $179K$15K$164K$528K 990 PDF
FY2020 $125K$365K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $365,584 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $283,354$348,641
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $3,747$16,943
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $287,101$365,584
I-13 Grants and similar amounts paidPrior year $82,973$97,402
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,161$11,993
I-18 Total expensesPrior year $96,134$109,395
I-19 Revenue less expensesPrior year $190,967$256,189
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $365,584 across 6 lines filed
VIII-1f All other contributions, gifts and grants$348,641
VIII-1g Noncash contributions (included above)$31,884
VIII-1h Total contributions, gifts and grants$348,641
VIII-3 Investment incomeExcluded from tax $16,588$16,588
VIII-7 Net gain or loss on sales of assetsExcluded from tax $355$355
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $16,943$365,584
Part IX · Statement of functional expenses $109,395 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $97,402$97,402
IX-11c Accounting feesManagement $4,784$4,784
IX-11f Investment management feesManagement $4,483$4,483
IX-11g Other fees for servicesManagement $350$350
IX-13 Office expensesFundraising $1,237$1,237
IX-14 Information technologyFundraising $765$765
IX-24 Other expenses (24a–d)Management $374$374
IX-25 Total functional expensesPrograms $97,402 · Management $9,991 · Fundraising $2,002$109,395
Part X · Balance sheet $975,615 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $205,410$226,079
X-11 Publicly traded securitiesStart of year $514,016$749,536
X-16 Total assetsStart of year $719,426$975,615
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $719,426$975,615
X-32 Total net assets or fund balancesStart of year $719,426$975,615
X-33 Total liabilities and net assetsStart of year $719,426$975,615
Part XI · Reconciliation of net assets $975,615 net assets at year end
XI-1 Total revenue$365,584
XI-2 Total expenses$109,395
XI-3 Revenue less expenses$256,189
XI-4 Net assets at start of year$719,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$975,615

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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