Nonprofit · EIN 85-4098965
COMMENCEMENT INC
Tax-exempt · BALTIMORE, MD 21203
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $70,333 | $108,248 | -$37,915 | $2,067,256 | $759 | $2,066,497 |
| December 31, 2024 | 990-PF | $105,053 | $108,522 | -$3,469 | $2,105,071 | $659 | $2,104,412 |
| December 31, 2023 | 990-PF | $85,286 | $106,475 | -$21,189 | $2,108,555 | $674 | $2,107,881 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $75,630
- Net gain from sales of assets
- -$5,297
Expenses
- Grants and similar amounts paid
- $90,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $96,083
- Excise tax on investment income
- $898
Balance sheet and other
- Total assets, start of year
- $2,105,071
- Total assets, end of year
- $2,067,256
- Total liabilities, end of year
- $759
- Net assets, end of year
- $2,066,497
- Fair market value of assets
- $1,992,746
- Qualifying distributions
- $96,083
- Net investment income
- $75,630
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FUNK PO BOX 22261, BALTIMORE, MD 21203 | PRESIDENT | 1 | $0 |
| IEESHA JOHNSON PO BOX 22261, BALTIMORE, MD 21203 | SECRETARY | 1 | $0 |
| MONIQUE RIZER PO BOX 22261, BALTIMORE, MD 21203 | ASST TREASURER (END 2/25) | 1 | $0 |
| ASHLEY PRICE PO BOX 22262, BALTIMORE, MD 21204 | TREASURER | 1 | $0 |
990-PF for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FUNK PO BOX 22261, BALTIMORE, MD 21203 | PRESIDENT | 1 | $0 |
| DEBBIE WILLIAMS PO BOX 22261, BALTIMORE, MD 21203 | VICE PRESIDENT | 1 | $0 |
| JODY LATIMER PO BOX 22261, BALTIMORE, MD 21203 | SECRETARY | 1 | $0 |
| ERICA MYERS PO BOX 22261, BALTIMORE, MD 21203 | TREASURER | 1 | $0 |
| MONIQUE RIZER PO BOX 22261, BALTIMORE, MD 21203 | ASSISTANT TREASURER | 1 | $0 |
| ASHLEY PRICE PO BOX 22262, BALTIMORE, MD 21204 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NICHOLAS FUNK PO BOX 22261, BALTIMORE, MD 21203 | PRESIDENT | 1 | $0 |
| DEBBIE WILLIAMS PO BOX 22261, BALTIMORE, MD 21203 | VICE PRESIDENT | 1 | $0 |
| JODY LATIMER PO BOX 22261, BALTIMORE, MD 21203 | SECRETARY | 1 | $0 |
| ERICA MYERS PO BOX 22261, BALTIMORE, MD 21203 | TREASURER | 1 | $0 |
| MONIQUE RIZER PO BOX 22261, BALTIMORE, MD 21203 | ASSISTANT TREASURER | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22261, BALTIMORE, MD 21203-4261
- Signed the 990-PF
- NICHOLAS FUNK, PRESIDENT
- Phone
- (443) 386-8302
- Return prepared by
- CLIFTONLARSONALLEN LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-4098965
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $2,067,256
- Income (IRS master file)
- $1,361,744
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $70,333 | $108,248 | $2,067,256 | XML |
| 990-PF | December 2024 | $105,053 | $108,522 | $2,105,071 | IRS |
| 990-PF | December 2023 | $85,286 | $106,475 | $2,108,555 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 85-4098965).
Questions about COMMENCEMENT INC
- What is the EIN of COMMENCEMENT INC?
- The employer identification number (EIN) of COMMENCEMENT INC is 85-4098965.
- Is COMMENCEMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to COMMENCEMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does COMMENCEMENT INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of COMMENCEMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMENCEMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of COMMENCEMENT INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does COMMENCEMENT INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $70,333, expenses of $108,248 and total assets of $2,067,256 at year end.
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