2023-08-03T13:19:01-05:00 2022-12-31 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2022-01-01 271598303 THE COMMONWEALTH INSTITUTE FOR FISCAL ANALYSIS COMM 8043962051 1329 E CARY STREET 200 RICHMOND VA 23219 ASHLEY KENNETH PRESIDENT AND CEO 8043962051 2023-08-02 1 ASHLEY KENNETH 999009999 1 OLIVIA A HUTTON CPA P00964688 5406623417 2023-08-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ASHLEY KENNETH 1329 E CARY STREET RICHMOND VA 23219 2298835 0 X WWW.THECOMMONWEALTHINSTITUTE.ORG X 2010 VA TO USE POLICY, RESEARCH, AND ANALYSIS TO ADVANCE THE WELL-BEING OF VIRGINIA COMMUNITIES, AND IMPROVE THE ECONOMIC SECURITY AND SOCIAL OPPORTUNITIES OF ALL VIRGINIANS. 7 7 20 8 0 0 2936562 2270025 145 8804 14621 20006 0 0 2951328 2298835 102500 103585 0 0 1323297 1519374 0 0 220711 375649 495881 1801446 2118840 1149882 179995 3474221 3717095 55345 210585 3418876 3506510 TO USE POLICY, RESEARCH, AND ANALYSIS TO ADVANCE THE WELL-BEING OF VIRGINIA COMMUNITIES, AND IMPROVE THE ECONOMIC SECURITY AND SOCIAL OPPORTUNITIES OF ALL VIRGINIANS. 0 0 1751114 103585 8804 THE INSTITUTE PROVIDES CREDIBLE, INDEPENDENT, AND ACCESSIBLE INFORMATION AND ANALYSIS OF FISCAL AND ECONOMIC ISSUES WITH PARTICULAR ATTENTION TO THE IMPACTS OF LOW AND MODERATE INCOME PERSONS. THIS IS ACHIEVED THROUGH RESEARCH, ANALYSIS, AND EDUCATION IN THE AREAS OF BUDGET & TAX, LABOR & WAGE, HEALTH CARE, IMMIGRATION AND DECRIMINALIZATION OF POVERTY. 1751114 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 20 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE COMMONWEALTH INSTITUTE FOR FISC 8043962051 1329 E CARY STREET RICHMOND VA 23219 SHARHONDA WOODS CHAIR 2.00 X X 0 0 0 JUDY CONTI MEMBER 2.00 X 0 0 0 ELAINE MAAG VICE CHAIR 2.00 X X 0 0 0 PIERRE GREEN TREASURER 2.00 X X 0 0 0 CASSANDRA WILLIS MEMBER 2.00 X 0 0 0 ERIC LIN MEMBER 2.00 X 0 0 0 DESTINY LEVERNE MEMBER 2.00 X 0 0 0 ASHLEY KENNETH PRESIDENT & CEO 40.00 X 154670 0 0 LEIGH ANNE COLLINS SENIOR VICE PRESIDENT 40.00 X 135054 0 0 289724 0 0 2 0 1 0 0 2270025 2270025 HONORARIUM 900099 8804 8804 8804 20006 20006 2298835 8804 0 20006 X 103585 103585 1282852 1047930 92205 142717 138527 113159 9957 15411 97995 80050 7043 10902 4419 4419 242596 198170 17437 26989 22406 18303 1610 2493 10976 8966 789 1221 59327 48462 4265 6600 30488 29835 256 397 28800 23526 2070 3204 20296 16579 1459 2258 5027 4106 362 559 PUBLICATIONS AND SUBSCR 53788 43938 3866 5984 PROFESSIONAL DEVELOPMEN 11289 9221 812 1256 EMPLOYEE WELLNESS 5421 4428 390 603 LICENSE AND PERMITS 1048 856 75 117 2118840 1751114 147015 220711 1993677 2320936 401002 401042 605000 445000 4381 11916 98624 70182 47405 28442 419705 353207 3051 156552 3474221 3717095 27866 33910 27479 176675 55345 210585 X 1271700 1719417 2147176 1787093 3418876 3506510 3474221 3717095 179995 -92361 0 X 0 1 X 0 0 X 1739494 2175659 1926057 2936562 2195699 10973471 9504 12087 3500 145 8804 34040 1748998 2187746 1929557 2936707 2204503 11007511 21250 3500 4200 6755 2725 38430 0 21250 3500 4200 6755 2725 38430 10969081 4582 6352 7242 14662 11201 44039 4582 6352 7242 14662 11201 44039 1753580 2194098 1936799 2951369 2215704 11051550 0.99250 0.99110 0.00400 0.00330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20458 30094 50552 2062865 2113417 255671 63918 0 0 228476 238084 240072 255671 962303 1443455 27809 115746 74108 50552 268215 57119 59521 60018 63918 240576 360864 12466 58588 59753 20458 151265 PT II-B LINE 1 LOBBYING THAT SUPPORTS THE PROGRAM WORK OF THE ORGANIZATION. 48314 40834 7480 50310 29348 20962 28442 EXCHANGE TRADED PRODUCTS 151337 F MUTUAL FUNDS 177200 F REAL ESTATE 17558 F CASH 7112 F 353207 LEASE LIABILITY 176675 176675 X 2202055 -92361 -92361 2294416 4419 4419 2298835 2114421 0 2114421 4419 4419 2118840 PART X, LINE 2: MANAGEMENT EVALUATED THE INSTITUTE'S TAX POSITIONS AND CONCLUDED THAT THE INSTITUTE HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE INSTITUTE IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2018. 1 FAMILY FORWARD VIRGINIA 8100 THREE CHOPT RD RICHMOND VA 23229 541149882 501(C)(3) 25000 0 BUDGET AND TAX PROGRESS VIRGINIA 614 SEYMOUR AVENUE LANSING MI 48933 501(C)(3) 15000 0 POLICY, RESEARCH, AND ANALYSIS VIRGINA COMMUNITY VOICE PO BOX 26972 RICHMOND VA 23261 833596756 501(C)(3) 15585 0 STRATEGIC PLANNING AND GRASSROOTS ORGANIZING VIRGINIA POVERTY LAW CENTER 919 EAST MAIN STREET STE 618 RICHMOND VA 23219 541093402 501(C)(3) 48000 0 POLICY, RESEARCH, AND ANALYSIS 4 PART I, LINE 2: THE INSTITUTE MANAGES GRANT FUNDING USING A GRANT TRACKER TO MONITOR DATES, GRANT DELIVERABLES AND REPORTING REQUIREMENTS AND MAINTAINS HARD AND DIGITAL COPIES OF ALL GRANT AGREEMENTS. GRANTS ARE RECORDED IN THE ACCOUNTING SOFTWARE WHEN FUNDS ARE RECEIVED IN THE BANK ACCOUNT. INFORMATION REGARDING GRANT FUNDING FROM THE TRACKER IS SHARED WITH THE INSTITUTE'S ACCOUNTANT AT YEAR END, AND THE ACCOUNTANT RECORDS GRANT SPENDING BY JOB IN THE ACCOUNTING SOFTWARE. THE GRANT TRACKER IS REVIEWED MONTHLY BY MANAGEMENT AND THE GRANT SPENDING BALANCES IN THE ACCOUNTING SOFTWARE ARE FORMALLY REVIEWED BY MANAGEMENT AT YEAR END. 0 0 0 0 0 0 0 0 0 ASHLEY KENNETH PRESIDENT & CEO 154670 0 0 0 0 0 0 0 0 0 154670 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTE REQUIRES BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST STATEMENT ANNUALLY. ANY ISSUES ARE ADDRESSED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S SALARY IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS AND IS BASED ON A COMPARABILITY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 198,170. MANAGEMENT AND GENERAL EXPENSES 17,437. FUNDRAISING EXPENSES 26,989. TOTAL EXPENSES 242,596.