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The New Commonwealth Racial Equity and Social Justice Fund
The New Commonwealth Racial Equity and Social Justice Fund reported $5.8 million in revenue and $8.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.27 went to program services, $8.58 to management and general costs and $17.15 to fundraising. Its largest source of revenue was contributions and grants: 93.5% of the total. Government grants made up 17.2%. The highest compensation it reported for one person was $422,638 (PRESIDENT). 4 people received more than $100,000 in reportable compensation. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $8.2MFor context, the median across 132 covered civil rights, social action & advocacy charities: $84.11 programs, $11.40 management, $4.49 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $5.8MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.3% | 82.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.6% | 11.1% |
| Fundraising Part IX 25(D) ÷ 25(A) | 17.2% | 4.4% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.26 | $0.05 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 93.5% | 94.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 17.2% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 0.3% |
| Highest reported compensation Part VII-A, columns D–F | $422,638 | $321,771 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.17% | 1.81% |
| People paid over $100,000 Part VII, line 2 | 4 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 19.9 | 10.5 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe New Commonwealth fund focuses its investment in five pillars to advance Racial Equity and economic empowerment. In fiscal year 2025, the organization made over three million dollars in grants and partnered with organizations across massachusetts. -economic empowerment: assisting black and brown coalitions, orgranizations, and individuals in developing and implementing effective asset-building and wealth-creation strategies. -policing & criminal justice reform: supporting community groups and coalitions working to implement policing policies and practices that deliver accountability…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Officer, 40.00 hrs/week | $392,606 | $0 | $30,032 | $422,638 |
| CHIEF OF STAFF Highest compensated employee, 40.00 hrs/week | $142,556 | $0 | $12,519 | $155,075 |
| CHIEF OF PROGRAM AND EVALUATION Highest compensated employee, 40.00 hrs/week | $125,642 | $0 | $11,978 | $137,620 |
| CHIEF OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $107,172 | $0 | $3,212 | $110,384 |
4 people received more than $100,000 in reportable compensation from The New Commonwealth Racial Equity and Social Justice Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $420K (Part IX, line 5).
2 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 517
- Volunteers Part I, line 618
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| VITAL CXNS Consulting | $250,000 |
| COMMUNITY COUNSELING SERVICE CO LLC Fundraising | $206,266 |
| BERLIN ROSEN LLC Marketing and communications | $192,000 |
| PAWLET STRATEGIES LLC Consulting | $101,500 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
4 private foundations reported grants to The New Commonwealth Racial Equity and Social Justice Fund totaling $1.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The New Commonwealth Racial Equity and Social Justice Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The New Commonwealth Racial Equity and Social Justice Fund, you can publish a response that is linked from this page.
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Of every $100 The New Commonwealth Racial Equity and Social Justice Fund spent in FY2025, $74.27 went to programs. The full breakdown, from its IRS Form 990:
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All civil rights, social action & advocacy charities · Largest charities in Massachusetts
Questions people ask
How much of The New Commonwealth Racial Equity and Social Justice Fund's spending goes to programs?
In the fiscal year ending June 30, 2025, The New Commonwealth Racial Equity and Social Justice Fund reported that 74.3% of its $8.2 million in expenses went to program services, 8.6% to management and general and 17.2% to fundraising (Form 990, Part IX).
How much does The New Commonwealth Racial Equity and Social Justice Fund pay its top executive?
The largest total compensation The New Commonwealth Racial Equity and Social Justice Fund reported for one person in the fiscal year ending June 30, 2025 was $422,638, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The New Commonwealth Racial Equity and Social Justice Fund get its money?
Of $5.8 million in revenue in the fiscal year ending June 30, 2025, 93.5% came from contributions and grants (including 17.2% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is The New Commonwealth Racial Equity and Social Justice Fund a registered charity?
The IRS lists EIN 85-1850139 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202641349349308129 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349315509 · read the filing
All filings for EIN 85-1850139: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.