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Nonprofit · EIN 45-2201993

COMMONWISE EDUCATION INC

Tax-exempt · BRONX, NY 10468

Financials

$315K$625K2024
Revenue Expenses · by fiscal year end
Financials of COMMONWISE EDUCATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$314,772$625,235-$310,463$479,655$294,107$185,548
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$312,039
Program service revenue
$0
Investment income
$2,733
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$30,769
Other salaries and wages
$310,234
Salaries, compensation and benefits (total)
$437,852
Professional fundraising fees
$6,750
Legal fees
$2,500
Accounting fees
$59,275
Occupancy
$73,068
Program services (functional)
$267,438
Management and general (functional)
$348,512
Fundraising (functional)
$9,285

Balance sheet and other

Total assets, start of year
$529,521
Total assets, end of year
$479,655
Total liabilities, end of year
$294,107
Net assets, end of year
$185,548
Net assets without donor restrictions
$185,548
Gross receipts
$314,772
Employees
7
Volunteers
47
Year formed
2011
State of legal domicile
VT

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
SIDDHARTHA SANCHEZExecutive Dir.
Officer
40$30,769
SANDRA LOBOPresident
Trustee or director, Officer
1$0
DARIELLA RODRIGUEZVice President
Trustee or director, Officer
1$0
NICK IUVIENETreasurer
Trustee or director, Officer
1$0
DANNY PERALTADirector
Trustee or director
1$0
KELLIE TERRYDirector
Trustee or director
1$0
WANDA SALAMANDirector
Trustee or director
1$0
WENDOLY MARTEDirector
Trustee or director
1$0
YORMAN NUNEZDirector
Trustee or director
1$0

Address and contacts

Address (IRS master file)
103 E 196TH ST, BRONX, NY 10468-3637
Principal officer (990 for 2024)
SANDRA LOBO, 2431 Morris Avenue, Bronx, NY 10468
Signed the 990
NICK IUVIENE, Treasurer
Phone
(718) 304-0041
Return prepared by
CNRG Accounting Advisory LLC

Mission

THE ORGANIZATION COORDINATES THE PEOPLE, BUSINESSES AND INSTITUTIONS OF THE BRONX TO DEVELOP SHARED WEALTH AND OWNERSHIP AND SUPPORTS LOW INCOME PEOPLE OF COLOR IN THE DECISION MAKING PROCESS AT EVERY STEP. THIS NETWORK OF STAKEHOLDERS,IS KNOWN AS THE BRONX COOPERATIVE DEVELOPMENT INITIATIVE (BCDI). BASED ON A FRAMEWORK OF ECONOMIC DEMOCRACY, BCDI LEVERAGES EXISTING BRONX ASSETS TO ADDRESS ECONOMIC, SOCIAL, AND ENVIRONMENTAL CHALLENGES WITHIN THE BOROUGH, AND SUPPORTS COLLECTIVE OWNERSHIP MODELS IN ORDER TO DISTRIBUTE WEALTH AND DECISION-MAKING EQUITABLY AND BROADLY AMONG BRONX RESIDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • In 2024 BCDI core work was supporting the advancement of a Bronxwide economic development plan grounded in our values of economic democracy and racial justice. In 2024 our coalition moved from planning to our first year of advocacy for implementation of our priority projects. BCDI supported the development of the Sustainable Economy Partnership (SEP). The SEP is a multi-million dollar borough-wide initiative to advance environmental resilience, small business, and workforce development in connection with necessary retrofits of our aging and neglected built environment. We also continued to work on securing the future of our planning work by initiating a partnership with the Bronx Economic Development Corporation (BXEDC) to pursue a Comprehensive Economic Development Strategy (CEDS) grant from the Federal Economic Development Administration. Our successful application for this two year grant allows us to broaden our reach and validate our years of community-led work by having the first Bronxwide economic development plan arise from our multi-year efforts. In 2024, the BronXchange continued the work as a network and service platform that leverages Bronx institutional buying power to build shared wealth. We connected worker cooperatives and other high-road local businesses to new market opportunities and resources, advancing equitable and sustainable procurement across the borough. We continued our services to include front- and back-office services such as marketing, bookkeeping, strategic planning, and web support helping small businesses strengthen operations and adopt equitable practices. By redirecting institutional purchasing and providing targeted technical and financial assistance, we helped scale the impact of worker cooperatives. We also supported ten Bronx-based small business owners in preparing for contracts and capital opportunities through customized research, marketing consulting, and compliance assistance positioning them for long-term growth and impact.
    Expenses $267,438

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-2201993
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
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$479,655
Income (IRS master file)
$314,772

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$653,023$924,143$529,521IRS
990December 2022$1,208,790$1,318,117$804,695IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about COMMONWISE EDUCATION INC

What is the EIN of COMMONWISE EDUCATION INC?
The employer identification number (EIN) of COMMONWISE EDUCATION INC is 45-2201993.
Is COMMONWISE EDUCATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to COMMONWISE EDUCATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMONWISE EDUCATION 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 COMMONWISE EDUCATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMONWISE EDUCATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COMMONWISE EDUCATION INC?
The 990 for the year ended December 31, 2024 names SANDRA LOBO.
Who are the officers and directors of COMMONWISE EDUCATION INC?
The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $30,769 (SIDDHARTHA SANCHEZ, Executive Dir.).
How much revenue does COMMONWISE EDUCATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $314,772, expenses of $625,235 and total assets of $479,655 at year end.

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