COMMONWEALTH CORPORATION FOUNDATION

EIN: 273112781 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$448,650
Total Expenses
$448,948
Total Assets
$1,631,334
Net Assets
$1,339,448
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
AMANDA SAKAGUCHI
Phone
6177278158
Tax Period
2023-07-01 to 2024-06-30

COMMONWEALTH CORPORATION FOUNDATION, founded in 2010, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $449K in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Net assets of $1.3M represent 36 months of operating reserves.

Mission

THE FOUNDATION, A MASSACHUSETTS CORPORATION, WAS CREATED DURING THE YEAR ENDED JUNE 30, 2010, TO SUPPORT AND FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSE OF THE COMMONWEALTH CORPORATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $448,650
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $448,650

Expense Breakdown

Grants Paid $108,333
Salaries & Benefits $46,381
Fundraising Expenses $0
Program Expenses $448,948
Other Expenses $294,234
TOTAL EXPENSES $448,948

Year-over-Year Comparison

2023 2022 Change
Revenue $448,650 $206,047 +1.2%
Expenses $448,948 $529,672 -0.2%
Net Income $-298 $-323,625 -1.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
5
Employees
N/A
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$541,887
Total Directors
12
$541,887
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES OCITTI TREASURER (UNTIL 5/24) 1.00
Officer Director
$0 $0 $302,715
CHRISTINE ABRAMS PRESIDENT/CEO (UNTIL 4/23) 1.00
Officer Director
$0 $46,979 $239,172
ALANNA MALLON PRESIDENT/EXECUTIVE DIRECTOR 1.00
Officer Director
$0 $0 $0
LAUREN JONES CHAIR (UNTIL 1/24)/TRUSTEE 1.00
Officer Director
$0 $0 $0
MOLLY JACOBSON CHAIR (AS OF 1/24) 1.00
Officer Director
$0 $0 $0
ROBERT DAME VICE CHAIR (UNTIL 1/24)/CLERK 1.00
Officer Director
$0 $0 $0
ENNA JIMENEZ TREASURER (AS OF 5/24) 1.00
Officer Director
$0 $0 $0
MARY JO MEISNER CLERK (UNTIL 1/24) 1.00
Officer Director
$0 $0 $0
NATALIA HILTON TRUSTEE 1.00
Director
$0 $0 $0
CHRISTOPHER SCRANTON TRUSTEE 1.00
Director
$0 $0 $0
SANJEEZ YADAV TRUSTEE 1.00
Director
$0 $0 $0
PETER DESILVA TRUSTEE (UNTIL 10/23) 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $448,650 $448,948 $1,631,334 $-298
2023 $206,047 $529,672 $1,486,969 $-323,625
2022 $431,575 $206,580 $1,902,229 $224,995
2021 $1,777,070 $363,068 $1,927,764 $1,414,002
2020 $108,533 $84,159 $633,221 $24,374
2019 $300,000 $181,593 $269,159 $118,407
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