NonprofitsBuild Commonwealth Inc

Public & Societal Benefit

Build Commonwealth Inc

BOSTON, MA

Total revenue

$14.9M

Total expenses

$5.9M

Net assets

$12.9M

Grants received

$14.5M

31 grants

EIN

043540147

Tax year

2023

Mission

Build Commonwealth, Inc. strengthens the financial opportunity and security of low-and moderate-income consumers by innovating, incubating and stimulating new financial products and policies. Build Commonwealth, Inc. envisions a world where the financial system promotes lasting social and economic prosperity for every family.

Financials

FY 2023

Revenue

Contributions & grants$13.9M
Program service revenue$846K
Investment income$151K
Other revenue
Total revenue$14.9M

Expenses

Grants paid
Salaries & benefits$4.0M
Fundraising$183K
Other expenses$2.0M
Total expenses$5.9M
Total assets$13.6M
Net assets$12.9M

People

15 listed

NameRoleCompensation

Timothy Flacke

CEO, Secy & Treasurer

Board

$193K

40 hrs/wk

Haydee Moreno

Director

Board

$53K

2 hrs/wk

Fred T Goldberg Jr

Director

Board

2 hrs/wk

Mary Dent

Director

Board

2 hrs/wk

Debra Plousha-Moore

Director

Board

2 hrs/wk

Celia Edwards Karam

Director

Board

2 hrs/wk

Dr Kelli Keough

Director

Board

2 hrs/wk

Professor Georgia Keohane

Director

Board

2 hrs/wk

Professor Peter Tufano

President

Board

2 hrs/wk

Lacrecia Cade

Director

Board

2 hrs/wk

Evelyn Stark

Director

Board

2 hrs/wk

Paula Grieco

Sr. Vice President

Staff

$201K

40 hrs/wk

Nicholas Maynard

Sr. Vice President

Staff

$197K

40 hrs/wk

Brian Gilmore

Director

Staff

$143K

40 hrs/wk

Malgorzata Tomaszewska

Senior Director

Staff

$121K

40 hrs/wk

Independent contractors

Catherine New

Marketing & Communications

$163K

Mubulushu

Data Analysis

$126K

Haydee Moreno

Project Consulting

$120K

Nonprofit HR Solutions LLC

HR Resources

$113K

Grants received

Showing 31 of 31

FromAmountPurposeYear
$500K
TECHNOLOGY & EQUIPMENT
2024
$250K
ELDER CARE INVESTING: IDENTIFYING SOLUTIONS TO A FINANCIAL GAP IN SERVICE
2024
$2M
DEEPEN EMERGENCY SAVINGS INITIATIVE (ESI) OVERSEEING OPT-OUT SAVINGS TRAILS, EXISTING DEMONSTRATION PROJECTS (UPS, BEST BUY, ADP), NEW LAUNCHES ACROSS THE RECORDKEEPING AND PAYROLL SPACE, AND THOUGHT LEADERSHIP CONVENINGS IN THE RETIREMENT SYSTEM. THIS WILL BE WITH A FOCUS ON THE MOST FINANCIALLY VULNERABLE POPULATIONS THROUGH INCORPORATION OF OUT-OF-PLAN SOLUTIONS, NEW INDUSTRIES, AND DIRECT-TO-CONSUMER PLANS. ADDITIONALLY, HIGHLIGHT THE POTENTIAL OF ESI AS A TOOL TO ADVANCE FINANCIAL SECURITY. (YEAR 1 OF 2-YEAR $4M GRANT).
2023
$401K
TRANSFORMING INVESTOR IDENTITY RESEARCH PROJECT
2023
$251K
For grant recipient's exempt purposes
2023
$175K
Jobs and Family Economic Security
2023
$10K
GENERAL SUPPORT
2023
$2.5M
SAVINGS AND FINANCIAL RESILIENCY
2022
$250K
For grant recipient's exempt purposes
2022
$200K
UNDERSTANDING WHAT UNDERSERVED INVESTORS NEED FOR SUCCESS
2022
$175K
provide general operating support to help the organization further its mission of advancing financial security and wealth building for workers earning low and moderate incomes, through research, partnerships, and policy
2022
$10K
ADVISED - FOR GENERAL OPERATING SUPPORT.
2022
$5K
COMMUNITY DEVELOPMENT
2022
$400K
IN SUPPORT OF FINANCIAL HEALTH
2021
$250K
IN SUPPORT OF FINANCIAL HEALTH
2021
$250K
ENSURING VITAL REFUNDS FOR LOW-INCOME FAMILIES OF COLOR FOR TAX SEASON 2021 AND BEYOND
2021
$120K
RACIAL & GENDER WEALTH GAP IN AMERICA DATA
2021
$4K
GENERAL OPERATING SUPPORT
2021
$400K
FINANCIAL SECURITY; 18-MONTH GRANT
2020
$250K
IN SUPPORT OF FINANCIAL HEALTH
2020
$250K
protect the tax refunds of working families in the upcoming 2021 tax season through a robust public and policy education campaign
2020
$150K
CONSULTING
2020
$300
FOR GENERAL PURPOSES
2020
$2.4M
For grant recipient's exempt purposes
2019
$2.4M
For grant recipient's exempt purposes
2018
$275K
COLLABORATION ON EMPLOYEE HARDSHIP PROJECT
2018
$250K
IN SUPPORT OF FINANCIAL HEALTH
2018
$200K
INNOVATION FOR SOLUTIONS TO LIFELONG SAVINGS & MANAGING UNCERTAINTY
2018
$2K
GENERAL OPERATING SUPPORT
2018
$201K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$14.5M from 13 funders · 31 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$5.5M · 5 grants · 2017–2023

The Blackrock Charitable Foundation

$4.5M · 2 grants · 2022–2023

Jpmorgan Chase Foundation

$1.2M · 6 grants · 2018–2021

The Prudential Foundation

$900K · 4 grants · 2018–2024

Fidelity Foundation

$650K · 2 grants · 2020–2024

WK Kellogg Foundation

$600K · 3 grants · 2020–2023

Nasdaq Educational Foundation Inc

$401K · 1 grant · 2023

Target Foundation

$400K · 1 grant · 2020

Details

EIN043540147
NTEE codeW99
Subsection03
Ruling date2001-03
Formed2000
Employees34
Volunteers10
BUILD COMMONWEALTH INC — Mission, Financials & Grants Received | Grantivo