2025-07-08T08:10:13-05:00 2024-12-31 411647057 MAHONEY ULBRICH CHRISTIANSEN & RUSS PA 10 RIVER PARK PLAZA SUITE 800 SAINT PAUL MN 55107 990 2024-01-01 300186930 COMMONBOND ENDOWMENT CORPORATION COMM 6512911750 1080 MONTREAL AVE SAINT PAUL MN 55116 JENNIFER ANDERSON INTERIM CFO 6512911750 2025-06-27 1 1 THOMAS JOHNSON P01285389 6512276695 2025-06-27 2024 2025-03-06 01:10:19Z DEIDRE SCHMIDT 1080 MONTREAL AVE SAINT PAUL MN 55116 3149502 0 X WWW.COMMONBOND.ORG X 2003 MN TO SOLICIT GRANTS & CONTRIBUTIONS TO BENEFIT COMMONBOND COMMUNITIES. 7 6 0 0 0 0 0 0 0 0 1351905 1219373 0 0 1351905 1219373 0 0 0 0 0 0 0 0 0 32127 35720 32127 35720 1319778 1183653 12852132 11309509 717258 719358 12134874 10590151 COMMONBOND ENDOWMENT CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO SOLICIT GRANTS AND CONTRIBUTIONS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES. 0 0 34120 SOLICITED GRANTS AND CONTRIBUTIONS AND MANAGED CONTRIBUTED FUNDS TO BENEFIT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES. 34120 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN WI IA X JENNIFER ANDERSON 6512911750 1080 MONTREAL AVE ST PAUL MN 55116 DEIDRE SCHMIDT PRESIDENT AND CEO 1.00 40.00 X X 0 297141 21254 CINDY KOCH CHAIR 1.00 X X 0 0 0 JAMAL ADAM DIRECTOR 1.00 X 0 0 0 ANGELA RILEY FORMER CHIEF FINANCIAL OFFICER 1.00 40.00 X X 0 158971 15031 ERIC LIND DIRECTOR 1.00 X 0 0 0 MOHAMED OMAR DIRECTOR 1.00 X 0 0 0 MATT SCHRINER DIRECTOR 1.00 X 0 0 0 JENNIFER THAO DIRECTOR 1.00 X 0 0 0 JENNIFER ANDERSON INTERIM CHIEF FINANICAL OFFICER 1.00 40.00 X X 0 91315 6194 HEIDI RATHMANN-SMITH EXECUTIVE VP OF REAL ESTATE 1.00 40.00 X 0 171322 10079 KAREN LAW EXECUTIVE VP OF TALENT, EQUITY, CULTURE 1.00 40.00 X 0 188250 13683 THOMAS ADAMS EXECUTIVE VP OF HOUSING SERVICES 1.00 40.00 X 0 201976 23297 CHADWICK JOHNSON VP OF OPERATIONS 1.00 40.00 X 0 150192 12119 ADAM FAITEK VICE PRESIDENT OF DEVELOPMENT 1.00 40.00 X 0 146502 12269 0 1405669 113926 0 0 1 0 0 633193 633193 2516309 1930129 586180 586180 586180 1219373 0 0 1219373 X 1600 1600 34120 34120 35720 34120 1600 0 12852132 11309509 12852132 11309509 5000 5500 712258 713858 717258 719358 X 4392973 4391373 7741901 6198778 12134874 10590151 12852132 11309509 X 1183653 -228376 -2500000 X X 0 1 X 1 1 1 X X 1 COMMONBOND COMMUNITIES 411260469 10 1 2500000 0 1 2500000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 3170835 3170835 7567368 4396533 3170835 7560368 7000 7567368 7553368 7000 7560368 7548293 5075 7553368 1.00000 0 0 0 DUE TO AFFILIATED ORGANIZATIONS 713858 713858 X PART V, LINE 4: FUNDS ARE USED TO SUPPORT THE ADVANTAGE SERVICES PROGRAM OF COMMONBOND COMMUNITIES. PART X, LINE 2: COMMONBOND ENDOWMENT CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND IS CLASSIFIED AS A SUPPORTING ORGANIZATION AS DESCRIBED BY IRC 509(A)(3). THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE THE CURRENT AND PRIOR THREE YEARS OF INCOME TAX RETURNS. ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX POSITIONS ARE REPORTED AS SUCH WITHIN THE MANAGEMENT AND GENERAL EXPENSES CATEGORY. THERE WERE NO SUCH INTEREST OR PENALTIES RECORDED. X X 0 0 0 0 0 0 0 0 0 DEIDRE SCHMIDT PRESIDENT AND CEO 0 297141 0 0 0 0 0 0 0 21254 0 318395 0 0 THOMAS ADAMS EXECUTIVE VP OF HOUSING SERVICES 0 201976 0 0 0 0 0 0 0 23297 0 225273 0 0 KAREN LAW EXECUTIVE VP OF TALENT, EQUITY, CULT 0 188250 0 0 0 0 0 0 0 13683 0 201933 0 0 HEIDI RATHMANN-SMITH EXECUTIVE VP OF REAL ESTATE 0 171322 0 0 0 0 0 0 0 10079 0 181401 0 0 ANGELA RILEY FORMER CHIEF FINANCIAL OFFICER 0 158971 0 0 0 0 0 0 0 15031 0 174002 0 0 CHADWICK JOHNSON VP OF OPERATIONS 0 150192 0 0 0 0 0 0 0 12119 0 162311 0 0 ADAM FAITEK VICE PRESIDENT OF DEVELOPMENT 0 146502 0 0 0 0 0 0 0 12269 0 158771 0 0 FORM 990, PART VI, SECTION A, LINE 7A ANY VACANCY OF A BOARD MEMBER IS FILLED BY THE BOARD OF DIRECTORS OF COMMONBOND COMMUNITIES, COMMONBOND ENDOWMENT CORPORATION'S PARENT ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE INTERIM CFO, THEN PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND APPROVAL, AND THEN SENT TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR, OFFICER, MEMBER OF A COMMITTEE OR INDIVIDUAL WITH BOARD-DELEGATED POWERS (INTERESTED PERSON) WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, IS ASKED, ON AN ANNUAL BASIS, TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST IN WRITING TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS. THE BOARD OR COMMITTEE MEMBERS DECIDE BY MAJORITY VOTE IF A CONFLICT OF INTEREST EXISTS. IF IT DOES EXIST, OR IF THEY HAVE REASONABLE CAUSE TO BELIEVE THAT A DIRECTOR, OFFICER OR MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL FOLLOW THE PROCEDURES DESCRIBED IN THE CONFLICT OF INTEREST POLICY. THIS MAY INCLUDE PROVIDING THE DIRECTOR, OFFICER OR MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEDGED FAILURE TO DISCLOSE, DECIDING IF FURTHER INVESTIGATION MAY BE WARRANTED OR TAKING APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION WITH DISCLOSURE RECORDED IN THE BOARD MINUTES. A BOARD MEMBER WITH A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN DISCUSSIONS OR VOTING CONCERNING THE TRANSACTION IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 COMMONBOND ENDOWMENT CORPORATION DOES NOT COMPENSATE THE CEO AND OTHER OFFICERS. THEY ARE COMPENSATED BY COMMONBOND COMMUNITIES AND COMMONBOND HOUSING CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 COMMONBOND ENDOWMENT CORPORATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE OR UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING CONTRACT: PROGRAM SERVICE EXPENSES 34,120. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,120. FORM 990, PART XI, LINE 9: ENDOWMENT EARNING RELEASE -2,500,000. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. COMMONBOND COMMUNITIES 1080 MONTREAL AVENUE ST PAUL MN 55116 411260469 AFFORDABLE HOUSING MN 501(C)(3) LINE 7 N/A 0 COMMONBOND HOUSING CORPORATION 1080 MONTREAL AVENUE ST PAUL MN 55116 411767498 AFFORDABLE HOUSING MN N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 COMMONBOND COMMUNITIES R 2500000 CASH TRANSFERRED