Nonprofit · EIN 04-3540147
BUILD COMMONWEALTH INC
Also known as THOMAS ASHER
Tax-exempt · BOSTON, MA 02109
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,775,251 | $6,398,313 | -$4,623,062 | $8,676,886 | $354,338 | $8,322,548 |
| September 30, 2024 | 990 | $14,939,563 | $5,942,326 | $8,997,237 | $13,586,512 | $675,024 | $12,911,488 |
| September 30, 2023 | 990 | $2,060,926 | $5,605,403 | -$3,544,477 | $4,621,870 | $819,608 | $3,802,262 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,438,050
- Program service revenue
- $142,500
- Investment income
- $194,701
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $301,958
- Other salaries and wages
- $3,140,073
- Salaries, compensation and benefits (total)
- $4,253,918
- Professional fundraising fees
- $0
- Legal fees
- $33,654
- Accounting fees
- $120,537
- Occupancy
- $176,818
- Travel
- $55,283
- Depreciation
- $10,676
- Program services (functional)
- $5,736,494
- Management and general (functional)
- $517,463
- Fundraising (functional)
- $144,356
Balance sheet and other
- Total assets, start of year
- $13,586,512
- Total assets, end of year
- $8,676,886
- Total liabilities, end of year
- $354,338
- Net assets, end of year
- $8,322,548
- Land, buildings and equipment
- $11,870
- Publicly traded securities
- $1,044,668
- Net assets without donor restrictions
- $2,289,321
- Net assets with donor restrictions
- $6,033,227
- Gross receipts
- $1,775,251
- Employees
- 40
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Flacke | CEO, Secy & Treasurer Trustee or director, Officer | 40 | $231,744 | $23,957 |
| Paula Grieco | Sr. Vice President Highest-paid employee | 40 | $205,500 | $7,285 |
| Nicholas Maynard | Sr. Vice President Highest-paid employee | 40 | $200,037 | $7,115 |
| Michelle Carter | Sr. Vice President Highest-paid employee | 40 | $168,489 | $23,294 |
| Brenda Velazquez | Sr. Vice President Highest-paid employee | 40 | $173,976 | $5,143 |
| Fred T Goldberg Jr | Director Trustee or director | 2 | $0 | $0 |
| Dr Kelli Keough | Director Trustee or director | 2 | $0 | $0 |
| Professor Georgia Keohane | Director Trustee or director | 2 | $0 | $0 |
| Professor Peter Tufano | President Trustee or director, Officer | 2 | $0 | $0 |
| Lacrecia Cade | Director Trustee or director | 2 | $0 | $0 |
| Evelyn Stark | Director Trustee or director | 2 | $0 | $0 |
| Celia Edwards Karam | Director Trustee or director | 2 | $0 | $0 |
| Mary Dent | Director Trustee or director | 2 | $0 | $0 |
| Haydee Moreno | Director Trustee or director | 2 | $0 | $0 |
| Debra Plousha-Moore | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Flacke | CEO, Secy & Treasurer Trustee or director, Officer | 40 | $193,040 | $15,195 |
| Paula Grieco | Sr. Vice President Highest-paid employee | 40 | $201,236 | $4,500 |
| Nicholas Maynard | Sr. Vice President Highest-paid employee | 40 | $196,563 | $4,406 |
| Brian Gilmore | Director Highest-paid employee | 40 | $143,279 | $13,699 |
| Malgorzata Tomaszewska | Senior Director Highest-paid employee | 40 | $121,194 | $13,667 |
| Haydee Moreno | Director Trustee or director | 2 | $52,864 | $0 |
| Fred T Goldberg Jr | Director Trustee or director | 2 | $0 | $0 |
| Dr Kelli Keough | Director Trustee or director | 2 | $0 | $0 |
| Professor Georgia Keohane | Director Trustee or director | 2 | $0 | $0 |
| Professor Peter Tufano | President Trustee or director, Officer | 2 | $0 | $0 |
| Lacrecia Cade | Director Trustee or director | 2 | $0 | $0 |
| Evelyn Stark | Director Trustee or director | 2 | $0 | $0 |
| Celia Edwards Karam | Director Trustee or director | 2 | $0 | $0 |
| Mary Dent | Director Trustee or director | 2 | $0 | $0 |
| Debra Plousha-Moore | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Timothy Flacke | Exec Dir, Secy & Treasurer Trustee or director, Officer | 40 | $169,416 | $21,704 |
| Paula Grieco | Sr. Vice President Highest-paid employee | 40 | $185,084 | $4,072 |
| Nicholas Maynard | Sr. Vice President Highest-paid employee | 40 | $175,757 | $4,067 |
| Brian Gilmore | Director Highest-paid employee | 40 | $117,050 | $12,991 |
| Melissa Gopnik | Former Sr. VP Former | 40 | $128,241 | $0 |
| Elizabeth Dobrska | Director Highest-paid employee | 40 | $105,700 | $19,875 |
| Haydee Moreno | Director Trustee or director | 2 | $27,704 | $0 |
| Fred T Goldberg Jr | Director Trustee or director | 2 | $0 | $0 |
| Dr Kelli Keough | Director Trustee or director | 2 | $0 | $0 |
| Professor Georgia Keohane | Director Trustee or director | 2 | $0 | $0 |
| Professor Peter Tufano | President Trustee or director, Officer | 2 | $0 | $0 |
| Professor Howell Jackson | Director Trustee or director | 2 | $0 | $0 |
| Evelyn Stark | Director Trustee or director | 2 | $0 | $0 |
| Celia Edwards Karam | Director Trustee or director | 2 | $0 | $0 |
| Mary Dent | Director Trustee or director | 2 | $0 | $0 |
| Debra Plousha-Moore | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 22 BATTERYMARCH ST, BOSTON, MA 02109-4812
- In care of
- % TIMOTHY FLACKE
- Principal officer (990 for 2024)
- Timothy Flacke, 265 Franklin Street 1702, Boston, MA 02110
- Signed the 990
- Timothy Flacke, Chief Executive Officer
- Phone
- (617) 541-9066
- Website
- www.buildcommonwealth.org
- Return prepared by
- PAVENTO RATCLIFFE RENZI & CO LLC
Mission
See Schedule O Form 990, Part I, Line 1
Program accomplishments
- All of Build Commonwealth's work is focused on improving the economic well-being of millions of financially vulnerable Americans through innovation. Build Commonwealth generates practical ideas for financial products, services and policies, pilot tests its ideas, and pursues scale strategies to reach millions of households.Expenses $5,736,494 · revenue $142,500
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 04-3540147
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W99)
- Assets (IRS master file)
- $8,676,886
- Income (IRS master file)
- $1,775,251
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,775,251 | $6,398,313 | $8,676,886 | XML |
| 990 | September 2024 | $14,939,563 | $5,942,326 | $13,586,512 | XML |
| 990 | September 2023 | $2,060,926 | $5,605,403 | $4,621,870 | XML |
| 990 | September 2022 | $7,626,258 | $4,684,040 | $7,488,336 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3540147).
Questions about BUILD COMMONWEALTH INC
- What is the EIN of BUILD COMMONWEALTH INC?
- The employer identification number (EIN) of BUILD COMMONWEALTH INC is 04-3540147.
- Is BUILD COMMONWEALTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to BUILD COMMONWEALTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILD COMMONWEALTH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BUILD COMMONWEALTH INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUILD COMMONWEALTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of BUILD COMMONWEALTH INC?
- The 990 for the year ended September 30, 2025 names Timothy Flacke.
- Who are the officers and directors of BUILD COMMONWEALTH INC?
- The 990 for the year ended September 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $231,744 (Timothy Flacke, CEO, Secy & Treasurer).
- How much revenue does BUILD COMMONWEALTH INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,775,251, expenses of $6,398,313 and total assets of $8,676,886 at year end.
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All nonprofits in BOSTON · Massachusetts · Public and societal benefit