COMMONBOND ENDOWMENT CORPORATION

EIN: 300186930 501(c)(3) Philanthropy & Grantmaking

SAINT PAUL, MN

Total Revenue
$1,219,373
Total Expenses
$35,720
Total Assets
$11,309,509
Net Assets
$10,590,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MN
Principal Officer
DEIDRE SCHMIDT
Phone
6512911750
Tax Period
2024-01-01 to 2024-12-31

COMMONBOND ENDOWMENT CORPORATION, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $1.2M, a strong 97% operating margin.

Mission

COMMONBOND ENDOWMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO SOLICIT GRANTS AND CONTRIBUTIONS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $34,120

SOLICITED GRANTS AND CONTRIBUTIONS AND MANAGED CONTRIBUTED FUNDS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,219,373
Other Revenue $0
TOTAL REVENUE $1,219,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,120
Other Expenses $35,720
TOTAL EXPENSES $35,720

Year-over-Year Comparison

2024 2023 Change
Revenue $1,219,373 $1,351,905 -0.1%
Expenses $35,720 $32,127 +0.1%
Net Income $1,183,653 $1,319,778 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
N/A

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
4
$589,906
Total Directors
9
$589,906
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEIDRE SCHMIDT PRESIDENT AND CEO 1.00
Officer Director
$0 $21,254 $318,395
CINDY KOCH CHAIR 1.00
Officer Director
$0 $0 $0
JAMAL ADAM DIRECTOR 1.00
Director
$0 $0 $0
ANGELA RILEY FORMER CHIEF FINANCIAL OFFICER 1.00
Officer Director
$0 $15,031 $174,002
ERIC LIND DIRECTOR 1.00
Director
$0 $0 $0
MOHAMED OMAR DIRECTOR 1.00
Director
$0 $0 $0
MATT SCHRINER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER THAO DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER ANDERSON INTERIM CHIEF FINANICAL OFFICER 1.00
Officer Director
$0 $6,194 $97,509
HEIDI RATHMANN-SMITH EXECUTIVE VP OF REAL ESTATE 1.00
Highest
$0 $10,079 $181,401
KAREN LAW EXECUTIVE VP OF TALENT, EQUITY, CULTURE 1.00
Highest
$0 $13,683 $201,933
THOMAS ADAMS EXECUTIVE VP OF HOUSING SERVICES 1.00
Highest
$0 $23,297 $225,273
CHADWICK JOHNSON VP OF OPERATIONS 1.00
Highest
$0 $12,119 $162,311
ADAM FAITEK VICE PRESIDENT OF DEVELOPMENT 1.00
Highest
$0 $12,269 $158,771
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 $1,219,373 $35,720 $11,309,509 $1,183,653
2023 $1,351,905 $32,127 $12,852,132 $1,319,778
2022 $636,029 $29,981 $11,460,037 $606,048
2021 $902,701 $27,708 $14,217,592 $874,993
2020 $812,808 $24,021 $13,279,415 $788,787
2019 $443,098 $23,674 $11,734,600 $419,424
2018 $377,405 $22,958 $10,106,428 $354,447
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