2024-01-26T15:24:10-06:00 2023-09-30 231909723 MCKONLY & ASBURY LLP 415 FALLOWFIELD ROAD CAMP HILL PA 17011 990 2022-10-01 811538540 COMMONWEALTH PARTNERS CHAMBER OF ENTREPRENEURS INC COMM 7177758915 420 N 3RD STREET HARRISBURG PA 17101 MATTHEW BROUILLETTE PRESIDENT & CEO 7177758915 2024-01-26 1 MATTHEW BROUILLETTE 999009999 1 GARY J DUBAS P00252339 7177617910 2024-01-15 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MATTHEW BROUILLETTE 420 N 3RD STREET HARRISBURG PA 17101 2940909 0 X THECOMMONWEALTHPARTNERS.COM X 2016 PA A DIVERSE GROUP OF STATE AND LOCAL BUSINESS AND COMMUNITY LEADERS, PHILANTHROPISTS AND SUCCESSFUL ENTREPRENEURS, WHO ARE DEDICATED TO IMPROVING THE ECONOMIC ENVIRONMENT IN PENNSYLVANIA. 9 8 6 8 0 0 0 0 3636098 2770411 8412 14545 150854 153737 3795364 2938693 295000 636000 0 0 1084914 1420507 0 0 0 1399055 552909 2778969 2609416 1016395 329277 2770332 3127531 142452 170374 2627880 2957157 A DIVERSE GROUP OF STATE AND LOCAL BUSINESS AND COMMUNITY LEADERS, PHILANTHROPISTS AND SUCCESSFUL ENTREPRENEURS, WHO ARE DEDICATED TO IMPROVING THE ECONOMIC ENVIRONMENT IN PENNSYLVANIA. 0 0 EDUCATION: COMMONWEALTH PARTNERS CONSISTS OF A NUMBER OF LIKE-MINDED BUSINESS MEMBERS WHO ARE COMMITTED TO EDUCATING OTHER BUSINESSES AND THE PUBLIC CONCERNING THE BENEFITS AND VALUES OF CONSERVATIVE POLICIES AND LIMITED GOVERNMENT INVOLVEMENT TO CREATE A THRIVING BUSINESS CLIMATE IN PENNSYLVANIA. ADVOCACY: COMMONWEALTH PARTNERS ADVOCATES ON BEHALF OF ITS BUSINESS MEMBERS FOR LEGISLATION AND POLICIES THAT WILL IMPROVE THE ECONOMIC AND COMMUNITY WELL-BEING OF BUSINESSES AND THE PUBLIC BY PROMOTING A SUCCESSFUL ECONOMIC ENVIRONMENT IN PENNSYLVANIA. ENGAGEMENT: COMMONWEALTH PARTNERS ENGAGES IN THE POLITICAL AND ELECTORAL PROCESS FOR THE BENEFIT OF ITS BUSINESS MEMBERS, TO THE EXTENT PERMITTED BY THE INTERNAL REVENUE CODE AND THE COMMONWEALTH OF PENNSYLVANIA, BY MAKING INDEPENDENT EXPENDITURES IN SUPPORT OF CANDIDATES FOR STATE AND LOCAL OFFICE WHO SHARE THE ORGANIZATION'S COMMITMENT TO IMPROVING THE ECONOMIC AND COMMUNITY WELL-BEING OF BUSINESSES AND THE PUBLIC. 0 0 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 6 1 0 0 0 0 0 0 0 0 X 9 8 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X COMMONWEALTH GROUP SERVICES 4052327777 630 FREEDOM BUSINESS DRIVE SUITE KING OF PRUSSIA PA 19406 MATTHEW J BROUILLETTE PRESIDENT & CEO, TRUSTEE 40.00 X X 550000 0 25750 GINA POPE PUBLIC AFFAIRS DIRECTOR 40.00 X 147246 0 14950 JEREMY BAKER POLITICAL DIRECTOR 40.00 X 137631 0 15750 BETHANY WILSTON CHIEF OF STAFF 40.00 X 115000 0 4436 DAVID E BARENSFELD CHAIRMAN, TRUSTEE 1.00 X X 0 0 0 DAVID HOGG SECRETARY/TREASURER/TRUSTE 1.00 X X 0 0 0 RICK DANDREA TRUSTEE 1.00 X 0 0 0 JONATHAN DEARMENT TRUSTEE 1.00 X 0 0 0 JEFF KENDALL TRUSTEE 1.00 X 0 0 0 DEBORAH SHEARER TRUSTEE 1.00 X 0 0 0 ROBERT SHEARER TRUSTEE 1.00 X 0 0 0 DAVID TAYLOR TRUSTEE 1.00 X 0 0 0 949877 0 60886 4 0 1 0 0 MEMBERSHIP DUES 900099 2770411 2770411 2770411 16761 16761 2216 -2216 -2216 -2216 RENTAL INCOME 531190 153737 153737 153737 2938693 2924148 0 14545 636000 605513 707728 19929 27385 59952 75902 41047 57117 43999 145346 88804 12663 SUBSCRIPTIONS AND MEMBE 62275 TAXES AND OTHER 20327 BANK SERVICE FEES AND O 11787 SHARED SERVICES 5726 -12084 2609416 321873 150016 1359428 2013622 67003 99718 115488 21809 20647 1184074 340546 884731 843528 2770332 3127531 56723 127094 85729 43280 142452 170374 X 2627880 2957157 2627880 2957157 2770332 3127531 329277 0 X X 0 1 X 1 0 129344 0 0 0 2820411 129344 129344 129344 PART I-A, LINE 1: THE ORGANIZATION ENGAGED IN LIMITED POLITICAL ACTIVITY AS ALLOWED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE TO MAKE INDEPENDENT EXPENDITURES IN SUPPORT OF OR OPPOSITION TO A CANDIDATE FOR STATE OR LOCAL PUBLIC OFFICE. 1069713 263734 805979 51683 22212 29471 62678 54600 8078 843528 DEFERRED RENT 43280 43280 X PART X, LINE 2: CP HAS BEEN RECOGNIZED AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS EXEMPT INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE. CP ADHERES TO THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES (ASC 740). ASC 740 ESTABLISHES RULES FOR RECOGNIZING AND MEASURING TAX POSITIONS IN AN INCOME TAX RETURN, INCLUDING DISCLOSURES OF UNCERTAIN TAX POSITIONS (UTPS). ASC 740 MANDATES THAT ORGANIZATIONS EVALUATE ALL MATERIAL INCOME TAX POSITIONS FOR PERIODS THAT REMAIN OPEN UNDER APPLICABLE STATUTES OF LIMITATION, AS WELL AS POSITIONS EXPECTED TO BE TAKEN IN FUTURE RETURNS. THE UTP RULES THEN IMPOSE A RECOGNITION THRESHOLD ON EACH TAX POSITION. AN ORGANIZATION CAN RECOGNIZE AN INCOME TAX BENEFIT ONLY IF THE POSITION HAS A "MORE LIKELY THAN NOT" (I.E., MORE THAN 50 PERCENT) CHANCE OF BEING SUSTAINED ON ITS TECHNICAL MERITS. DURING 2023, CP HAS TAKEN NO MATERIAL TAX POSITIONS ON ITS APPLICABLE TAX FILINGS THAT DO NOT MEET THE MORE LIKELY THAN NOT THRESHOLD. AS A RESULT, NO AMOUNT FOR UTPS HAS BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. CP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO SEPTEMBER 30, 2020. 1 COMMONWEALTH ACTIONINC 755 WEST LANCASTER AVENUE NO 1049 BRYN MAWR PA 19010 923501895 501(C)4 575000 0 GENERAL OPERATIONS AMERICANS FOR FAIR TREATNMENT 1200 NW 63RD STREET OKLAHOMA CITY OK 73116 472593565 501(C)3 25000 0 GENERAL OPERATIONS BLACK PASTORS UNITED FOR EDUCATION 1501 MARKET STREET HARRISBURG PA 17103 932737136 501(C)3 30000 0 GENERAL OPERATIONS 2 1 PART I, LINE 2: THE ORGANIZATION HAS ADOPTED A GRANT AWARD AND EVALUATION POLICY THAT OUTLINES THE PROCEDURES THE ORGANIZATION MUST FOLLOW WHEN MAKING GRANTS AND APPOINTS A GRANT COMMITTEE TO REVIEW AND RECOMMEND GRANTS TO THE BOARD OF TRUSTEES FOR FINAL APPROVAL OR RATIFICATION. X X X 0 0 0 MATTHEW J BROUILLETTE PRESIDENT & CEO, TRUSTEE 400000 0 150000 0 0 0 16000 0 9750 0 575750 0 0 0 GINA POPE PUBLIC AFFAIRS DIRECTOR 147246 0 0 0 0 0 5200 0 9750 0 162196 0 0 0 JEREMY BAKER POLITICAL DIRECTOR 137631 0 0 0 0 0 6000 0 9750 0 153381 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEES ROB SHEARER AND DEBORAH SHEARER ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOARD OF TRUSTEES PRIOR TO SIGNATURE AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS INTERESTED PERSONS, INCLUDING OFFICERS, TRUSTEES, OR MEMBERS OF A COMMITTEE THAT HAVE A DIRECT OR INDIRECT FINANCIAL INTEREST. THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A CONFLICT OF INTEREST AND ALL MATERIAL FACTS TO THE BOARD OF TRUSTEES OR MEMBERS OF A COMMITTEE CONSIDERING THE PROPOSED TRANSACTION ARRANGEMENT. THE BOARD OR COMMITTEE THEN DECIDES WHETHER A CONFLICT OF INTEREST EXISTS. IN THE EVENT THE BOARD OR COMMITTEE DETERMINES A CONFLICT OF INTEREST EXISTS, APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WILL BE TAKEN TO ELIMINATE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF TRUSTEES STRIVES TO ENSURE A GENERALLY COMPETITIVE AND INDUSTRY-COMPARABLE SALARY AND BENEFITS PACKAGE FOR THE PRESIDENT & CEO. THE BOARD DETERMINES THE COMPENSATION OF THE PRESIDENT & CEO BY CONDUCTING A SALARY REVIEW OF SIMILAR POSITIONS OF ORGANIZATIONS SIMILAR TO COMMONWEALTH PARTNERS AND COMPENSATION THAT IS SET BASED ON THE BOARD'S SALARY REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION PROVIDES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, UPON REQUEST. FORM 990, LINE 2C THERE HAVE BEEN NO CHANGES TO THE PROCESS. COMMONWEALTH ENTREPRENEURS LLC 420 N 3RD STREET HARRISBURG PA 17101 842378109 HOLDS REAL ESTATE USED IN THE NON-PROFIT'S OPERATIONS PA 153737 1006975 COMMONWEALTH PARTNERS CHAMBER OF ENTREPRENEURS INC