Common Fund For Non-profit Organizations
100% goes to programs Strong reserves Declining revenue
Common Fund For Non-profit Organizations is a 501(c)(3) organization based in Wilton, Connecticut, registered in 1970, with $173,624,993 in FY2023 revenue. CharityIndex grades it A, and it directs about 100% of spending to programs.
15 Old Danbury Road, Wilton, CT, 06897 EIN 23-7037968 Since 1970
Revenue (FY2023)
$173.6M
▼ 43.4% vs prior year
Community median: $184K
Expenses (FY2023)
$37.5M
Net assets
$3.5B
Employees
66
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Common Fund For Non-profit Organizations: 100% to programs earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating1112 mo reserves · +78% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Common Fund For Non-profit Organizations: 1112 mo reserves · +78% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Common Fund For Non-profit Organizations: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Common Fund For Non-profit Organizations: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To enhance the financial resources of educational organizations (defined under section 170(b)(1)(a)(ii) & (iv) of the irc)& to help them improve investment management practices
Contact & location
- Address
- 15 Old Danbury Road, Wilton, CT, 06897
- City
- Wilton
- State
- Connecticut
- Subcategory
- Nonprofit Management Support
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $366.8M (FY2013) to $173.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $84.9MNet assets $3.5B
Operating margin
78.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$3.6B
Total liabilities
$84.9M
Net assets
$3.5B
Salaries & benefits
$19.3M
51% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $173,624,993▼43.4% | $37,541,419▲19.8% | $3,478,435,536▲2.5% | $3,563,355,822▲1.2% | 990 |
| 2022 | $306,918,859▼14.0% | $31,341,280▲4.3% | $3,393,414,631▼2.7% | $3,520,694,647▼2.6% | 990 |
| 2021 | $356,693,263▼18.9% | $30,050,008▲8.8% | $3,489,146,183▼21.9% | $3,612,947,637▼21.7% | 990 |
| 2020 | $440,043,514▲60.6% | $27,627,246▼4.3% | $4,469,715,762▲9.6% | $4,612,706,860▲10.1% | 990 |
| 2019 | $274,004,992▼3.6% | $28,882,627▼0.4% | $4,077,913,387▼6.1% | $4,189,942,831▼8.5% | 990 |
| 2018 | $284,303,797▲4.9% | $28,998,213▼4.5% | $4,340,974,154▼4.4% | $4,581,305,892▼1.9% | 990 |
| 2017 | $270,965,650▼37.9% | $30,376,927▼20.1% | $4,540,841,931▲7.6% | $4,668,735,066▲2.8% | 990 |
| 2016 | $436,275,674▲49.9% | $38,019,742▲13.1% | $4,219,874,987▲0.6% | $4,542,943,466▲5.8% | 990 |
| 2015 | $291,029,471▼12.8% | $33,603,478▼8.5% | $4,192,940,733▼7.6% | $4,293,965,146▼9.2% | 990 |
| 2014 | $333,923,840▼9.0% | $36,716,971▲15.1% | $4,540,062,592▼2.4% | $4,726,634,912▼3.1% | 990 |
| 2013 | $366,766,097 | $31,900,381▼10.5% | $4,653,437,828▲2.9% | $4,877,106,208▲2.0% | 990 |
| 2012 | — | $35,648,210▼21.7% | $4,522,235,166▼18.7% | $4,781,549,014▼16.8% | 990 |
| 2011 | — | $45,505,977▲2.8% | $5,562,085,090▼20.5% | $5,748,183,530▼21.9% | 990 |
| 2010 | — | $44,263,923▲0.8% | $6,994,651,412▼0.3% | $7,362,300,176▼1.4% | 990 |
| 2009 | — | $43,933,062 | $7,013,821,874 | $7,469,474,463 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Sharad Samy — $1,050,267 (2.80% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Sharad Samy | Secretary & Gen Counsel | 40 | $1,050,267 |
| Dana Moreau | Chief Financial Officer & Coo | 40 | $1,007,555 |
| Anthony Ialeggio | Chief Marketing Officer | 40 | $563,837 |
| Seth Thomson | Assistant Secretary | 40 | $519,421 |
| Elaine Mizer Paulsen | Chief Human Resources Officer | 40 | $505,449 |
| Violetta Cerasuolo | Chief Compliance Officer | 40 | $505,261 |
| David S Young | Managing Director | 40 | $427,331 |
| Amy P Harlacker | Managing Director | 40 | $426,889 |
| Brian Rondeau | Chief Risk Officer | 40 | $406,101 |
| Douglas T Breeden | Trustee(chair)(until 12/31/23) | 3 | $205,000 |
| David A Thomas | Trustee (chair)(from 01/01/24) | 3 | $167,500 |
| Mamak Shahbazi | Trustee, Vice Chair | 3 | $167,500 |
| Nicole S Arnaboldi | Trustee | 3 | $167,500 |
| Jessica H Brennan | Trustee | 3 | $142,500 |
| Kent D Daniel | Trustee | 3 | $142,500 |
| Michael J Warren | Trustee | 3 | $142,500 |
| Tobias J Moskowitz | Trustee | 3 | $142,500 |
| Celeste R Barone | Evp & Cfo (until 10/5/20) | 0 | — |
| Mark Jp Anson | Trustee (ex-officio) | 3 | — |
| Susan Manske | Trustee (from 01/01/2024) | 3 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| State Street Bank Trust Company | Investment Mgmt | $2,112,082 |
| Marsh USA Inc | Insurance Broker | $1,145,279 |
| 280 Park Reit LLC | Nyc Office Landlord | $893,058 |
| Lovett Inc | Event Management | $857,447 |
| Income Research and Management | Investment Mgmt | $647,318 |
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Frequently asked questions
- Is Common Fund For Non-profit Organizations a legitimate nonprofit?
- Yes. Common Fund For Non-profit Organizations is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7037968, based in Wilton, Connecticut. Donations are tax-deductible.
- What is Common Fund For Non-profit Organizations's EIN?
- Common Fund For Non-profit Organizations's Employer Identification Number (EIN) is 23-7037968.
- How much revenue does Common Fund For Non-profit Organizations report?
- Common Fund For Non-profit Organizations reported $173,624,993 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Common Fund For Non-profit Organizations's spending goes to programs?
- Common Fund For Non-profit Organizations spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Common Fund For Non-profit Organizations have?
- CharityIndex grades Common Fund For Non-profit Organizations A, based on program efficiency and fundraising cost.
- How much does Common Fund For Non-profit Organizations's highest-paid employee make?
- The highest reported compensation on Common Fund For Non-profit Organizations's latest Form 990 is $1,050,267, paid to Sharad Samy (Secretary & Gen Counsel).
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Data for Common Fund For Non-profit Organizations (EIN 23-7037968) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.