Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
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
17 people listed on the 990; $715K paid to officers and key staff.
Kimberly Connors’s $173K as Wsos Executive Director is at the 25th percentile of top reported officer pay among 572 $10–100M 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 · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kimberly Connors | $172,736 | $184,265 | — | — | — |
| Nancy Long | $126,484 | $126,980 | $128,151 | $133,599 | $136,222 |
| Eileen Moran | $112,061 | — | — | — | — |
| Camille Reynaud | $101,788 | — | — | — | — |
| Jonathan Luster | $101,657 | — | — | — | — |
| Lisa Magennis | $100,482 | — | — | — | — |
| Kimber Conners | — | — | $49,613 | — | — |
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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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
Provides affordable financial services, including accounting, tax, and consulting, to help nonprofits make sound management decisions.
Questions for 501 Commons
Your first name shows with your question. 501 Commons answers here, for everyone.
Know this org? Add your story
501 Commons serves as the program administrator for Washington Opportunity Scholarship. WSOS removes barriers to education and helps Washington students forge their path to high-demand STEM, health care, and trade careers in Washington state.
Our technology programs include IT infrastructure, cybersecurity, and data solutions. Data solutions worked on 58 database development and maintenance projects with 32 organizations. IT infrastructure worked on 100 projects or ongoing IT managed services with 90 organizations.
Our financial services program worked on 127 accounting, tax, and consulting engagements with organizations. Having professional financial services at affordable rates provides our clients with the financial data they need to make sound management decisions and allows them to focus on their mission.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.4M | $302K |
| Land, buildings, equipmentLn 10c | $202K | $34K |
| Total assetsLn 16 | $127.4M | $1.0M |
| LiabilitiesLn 26 | $39.6M | $414K |
| Net assetsLn 32 | $87.8M | $592K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $6K | $6K | ||
| Grants to domestic individualsLn 2 | $11.5M | $11.5M | ||
| Pay of current officers, directors and key staffLn 5 | $299K | $236K | $35K | $28K |
| Other salaries and wagesLn 7 | $4.5M | $3.6M | $535K | $416K |
| Pension plan contributionsLn 8 | $117K | $117K | ||
| Other employee benefitsLn 9 | $409K | $409K | ||
| Payroll taxesLn 10 | $430K | $328K | $65K | $36K |
| Legal feesLn 11b | $10K | $630 | $9K | |
| Accounting feesLn 11c | $14K | $14K | ||
| Lobbying feesLn 11d | $32K | $32K | $25 | |
| Professional fundraising feesLn 11e | $10K | $10K | ||
| Other fees for servicesLn 11g | $64K | $4K | $56K | $4K |
| Advertising and promotionLn 12 | $15K | $13K | $446 | $2K |
| Office expensesLn 13 | $193K | $65K | $21K | $107K |
| Information technologyLn 14 | $242K | $180K | $50K | $12K |
| OccupancyLn 16 | $142K | $375 | $142K | |
| TravelLn 17 | $29K | $22K | $3K | $4K |
| InterestLn 20 | $15K | $15K | ||
| Depreciation, depletion and amortizationLn 22 | $6K | $6K | ||
| InsuranceLn 23 | $71K | $71K | ||
| Other expenses (24a–d)Ln 24 | $1.3M | $614K | $620K | $34K |
| All other expensesLn 24e | $28K | $5K | $7K | $16K |
| Total functional expensesLn 25 | $19.5M | $16.6M | $2.2M | $668K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $21.4M | $19.5M | $1.9M | $592K | 990 PDF |
| FY2023 | $22.2M | $26.1M | −$3.9M | $87.8M | 990 PDF |
| FY2022 | $7.1M | $21.5M | −$14.5M | $81.8M | 990 PDF |
| FY2021 | $4.1M | $4.3M | −$158K | $1.4M | 990 PDF |
| FY2020 | $3.6M | $4.3M | −$670K | $934K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $21,401,173 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $21,401,173 across 9 lines filed
Part IX · Statement of functional expenses $19,461,975 across 22 lines filed
Part X · Balance sheet $1,005,414 assets, 13 lines filed
Part XI · Reconciliation of net assets $591,515 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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