2026-05-13T11:32:26-05:00 2025-06-30 946214841 ARMANINO ADVISORY LLC 2121 AVENUE OF THE STARS 15TH FLOOR LOS ANGELES CA 90067 990 2024-07-01 940399260 THE COMMONWEALTH CLUB - WORLD AFFAIRS OF CALIFORNIA COMM 4155976700 110 THE EMBARCADERO SAN FRANCISCO CA 94105 NICHOLAS C LEON VP FINANCE & CFO 4155976700 2026-05-13 1 1 KATY BROWN P00650274 3104784148 2026-05-12 2024 2025-03-06 01:10:19Z DR GLORIA C DUFFY 110 THE EMBARCADERO SAN FRANCISCO CA 94105 9621511 0 X WWW.COMMONWEALTHCLUB.ORG X 1903 CA TO BE THE LEADING NATIONAL FORUM OPEN TO ALL FOR THE IMPARTIAL DISCUSSION (CONTINUED ON SCH. O)OF IMPORTANT PUBLIC ISSUES THAT AFFECT MEMBERSHIP, COMMUNITY, AND THE NATION. 73 71 56 91 1065646 100803 21685278 6169462 955107 1155902 418204 618281 1430572 618893 24489161 8562538 458937 472000 0 0 4960798 4695071 0 0 1049603 3406412 2713131 8826147 7880202 15663014 682336 44329729 44938548 2152041 2208335 42177688 42730213 TO BE THE LEADING NATIONAL FORUM OPEN TO ALL FOR THE IMPARTIAL DISCUSSION OF PUBLIC ISSUES IMPORTANT TO THE MEMBERSHIP, COMMUNITY, AND NATION. 0 0 5362177 472000 1155902 THE COMMONWEALTH CLUB - WORLD AFFAIRS OF CALIFORNIA (CC-WA) IS THE LEADING NON-PARTISAN NATIONAL FORUM AND FACILITATOR FOR CITIZEN EDUCATION AND ENGAGEMENT ON DOMESTIC AND INTERNATIONAL CIVIC AFFAIRS. THE PRIMARY PURPOSE OF CC-WA IS TO CONTRIBUTE TO AN INFORMED AND ENGAGED DEMOCRATIC CITIZENRY BY EDUCATING THE PUBLIC ABOUT SOCIETAL ISSUES AND CREATING SOCIAL NETWORKS FOR GOOD. TO ACCOMPLISH ITS PURPOSES, CC-WA WILL HOLD PUBLIC FORUMS AND EDUCATION PROGRAMS FOR STUDENTS; INITIATE AND PURSUE PUBLIC POLICY STUDIES; CONVENE LEADERS AND STAKEHOLDERS; DISSEMINATE ITS CONTENT THROUGH PRINT, ELECTRONIC, AND OTHER DIGITAL MEANS; PROVIDE CONDUITS FOR ENGAGING ITS MEMBERS AND THE PUBLIC IN ADDRESSING SOCIETAL CHALLENGES; AND CONDUCT ANY OTHER ACTIVITIES CONSISTENT WITH ITS MISSION. 5362177 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 64 0 1 56 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 73 71 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X NICHOLAS C LEON 4155976700 110 THE EMBARCADERO SAN FRANCISCO CA 94105 DR GLORIA C DUFFY CO-PRESIDENT/CO-CEO 40.00 X X 62412 0 20117 PHILIP W YUN CO-PRESIDENT/CO-CEO 40.00 X X 279563 0 0 MARTHA RYAN CO-CHAIR. BOARD & EXECUTIVE COMP. 2.00 X X 0 0 0 JONATHAN VISBAL CO-CHAIR. BOARD & EXECUTIVE COMP. 2.00 X X 0 0 0 JOHN BOLAND BOARD VICE-CHAIR 2.00 X X 0 0 0 ROBERT SIMS BOARD SECRETARY 2.00 X X 0 0 0 EVELYN DILSAVER BOARD TREASURER & CHAIR, FINANCE 2.00 X X 0 0 0 ANNA WM MOK CO-CHAIR, NOMINATING & GOVERNANCE 2.00 X X 0 0 0 BRYAN WEISBARD CO-CHAIR, NOMINATING & GOVERNANCE 2.00 X X 0 0 0 DEAN FEALK CHAIR, AUDIT 2.00 X X 0 0 0 STEVE KRAUSZ CHAIR, INVESTMENT SUB-COMMITTEE 2.00 X X 0 0 0 DON WEN CHAIR, MEMBERSHIP & MARKETING 2.00 X X 0 0 0 SKIP RHODES CO-CHAIR, DEVELOPMENT COMMITTEE 2.00 X X 0 0 0 FRANCESCA STERLING CO-CHAIR, DEVELOPMENT COMMITTEE 2.00 X X 0 0 0 JOSEPH I EPSTEIN CO-CHAIR, PROGRAM STRATEGIES 2.00 X X 0 0 0 AVANISH SAHAI CO-CHAIR, PROGRAM STRATEGIES 2.00 X X 0 0 0 MICHAEL BAKER CHAIR, CHAPTER & AFFILIATES 2.00 X X 0 0 0 DR CAROL A FLEMING CHAIR, MEMBER-LED FORUMS 2.00 X X 0 0 0 ROBERT ADAMS DIRECTOR - CCC 2.00 X 0 0 0 DR MARY G F BITTERMAN DIRECTOR - CCC 2.00 X 0 0 0 SUSIE CRANSTON DIRECTOR - CCC 2.00 X 0 0 0 KENNETH GUERNSEY DIRECTOR - WA 2.00 X 0 0 0 BEN HOLZEMER DIRECTOR - WA 2.00 X 0 0 0 RAVI POTHARLANKA DIRECTOR - WA 2.00 X 0 0 0 YUMI SERA DIRECTOR - WA 2.00 X 0 0 0 WILLIAM ADAMS DIRECTOR 2.00 X 0 0 0 WILLIE ADAMS DIRECTOR 2.00 X 0 0 0 SCOTT ANDERSON DIRECTOR 2.00 X 0 0 0 SIGURD ANDERSON DIRECTOR 2.00 X 0 0 0 DAN ASHLEY DIRECTOR 2.00 X 0 0 0 JEFFREY BLEICH DIRECTOR 2.00 X 0 0 0 J DENNIS BONNEY DIRECTOR 2.00 X 0 0 0 MARYLES CASTO DIRECTOR 2.00 X 0 0 0 CLAUDINE CHENG DIRECTOR 2.00 X 0 0 0 DAVID CHUN DIRECTOR 2.00 X 0 0 0 CHARLES M COLLINS DIRECTOR 2.00 X 0 0 0 MARY CRANSTON DIRECTOR 2.00 X 0 0 0 DR KERRY P CURTIS DIRECTOR 2.00 X 0 0 0 DORIAN DALEY DIRECTOR 2.00 X 0 0 0 JEFFREY A FARBER DIRECTOR 2.00 X 0 0 0 JOHN FARMER DIRECTOR 2.00 X 0 0 0 LESLIE SAUL GARVIN DIRECTOR 2.00 X 0 0 0 RICHARD GUGGENHEIM DIRECTOR 2.00 X 0 0 0 GERALD HARRIS DIRECTOR 2.00 X 0 0 0 PETER HILL DIRECTOR 2.00 X 0 0 0 MARY HUSS DIRECTOR 2.00 X 0 0 0 MICHAEL ISIP DIRECTOR 2.00 X 0 0 0 NORA JAMES DIRECTOR 2.00 X 0 0 0 HOLLY KERNAN DIRECTOR 2.00 X 0 0 0 DR ROBERT LEE KILPATRICK DIRECTOR 2.00 X 0 0 0 STANLEY KNIGHT DIRECTOR 2.00 X 0 0 0 ALEXIS KRIVKOVICH DIRECTOR 2.00 X 0 0 0 DAVID LEIMSIEDER DIRECTOR 2.00 X 0 0 0 NANCY TRAVERS LUCAS DIRECTOR 2.00 X 0 0 0 DAVE MCMURTRY DIRECTOR 2.00 X 0 0 0 LENNY MENDONCA DIRECTOR 2.00 X 0 0 0 MICHELLE MEOW DIRECTOR 2.00 X 0 0 0 JAMES A MOORE DIRECTOR 2.00 X 0 0 0 DJ PATIL DIRECTOR 2.00 X 0 0 0 KEN PETRILLA DIRECTOR 2.00 X 0 0 0 JASON PHILLIPS DIRECTOR 2.00 X 0 0 0 CAROL POSSIN DIRECTOR 2.00 X 0 0 0 ANDREW POWELL DIRECTOR 2.00 X 0 0 0 BILL RING DIRECTOR 2.00 X 0 0 0 GEORGE D SMITH JR DIRECTOR 2.00 X 0 0 0 DAVID SPENCER DIRECTOR 2.00 X 0 0 0 JAMES STROTHER DIRECTOR 2.00 X 0 0 0 HON TAD TAUBE DIRECTOR 2.00 X 0 0 0 SRIRAM VISWANATHAN DIRECTOR 2.00 X 0 0 0 TERRY VOGT DIRECTOR 2.00 X 0 0 0 DR COLLEEN B WILCOX DIRECTOR 2.00 X 0 0 0 BRENDA WRIGHT DIRECTOR 2.00 X 0 0 0 KATIE ZOGLIN DIRECTOR 2.00 X 0 0 0 NICHOLAS C LEON VP FINANCE & CFO 40.00 X 187302 0 700 MICHELLE D'ALO VP DEVELOPMENT & PROGRAMS 40.00 X 184935 0 0 LAUREN D SILVER VP EDUCATION 40.00 X 158747 0 19142 ALEJANDRO HERNANDEZ VP FACILITIES 40.00 X 161315 0 10272 JENNY PARK TIEU MANAGING DIRECTOR - CLIMATE ONE 40.00 X 143140 0 9972 JARROD L SPORT VP & EXEC. NARR. PROD. (THRU 1/25) 40.00 X 135000 0 8285 1312414 0 68488 15 0 1 0 PATRONMANAGER INC 10675 PERRY HWY 1316 13TH FLOOR WEXFORD PA 150901316 PATRON MANAGEMENT, EVENT TICKETING 209363 ARMANINO LLP 2700 CAMINO RAMON SUITE 350 SAN RAMON CA 94583 AUDIT/TAX SERVICES 119325 HC GLOBAL BUSINESS SOLUTIONS LLC 312 SUTTER STREET SUITE 601 SAN FRANCISCO CA 94108 ACCOUNTING SERVICES 119190 PAULA LEDUC FINE CATERING AND EVENTS 1350 PARK AVENUE EMERYVILLE CA 94608 CATERING SERVICES 106449 4 542042 858867 4768553 50000 6169462 CLUB PROGRAMS 900099 1155902 1155902 1155902 51577 51577 1620176 823565 796611 796611 1065646 -269035 566704 0 566704 566704 566704 27500 858867 152093 -124593 -124593 30190 83315 -53125 -53125 8562538 1155902 1065646 171528 15000 15000 457000 457000 529760 126358 239560 163842 3375538 2424957 460007 490574 476866 319500 81067 76299 312907 206519 56323 50065 1085 1085 79465 79465 26935 26935 409872 260296 98085 51491 45631 41068 4563 96687 17642 67203 11842 341740 290974 33349 17417 558657 325960 116898 115799 114940 114940 61644 55048 5342 1254 79851 71866 7985 724518 514575 160697 49246 172106 120474 34421 17211 7880202 5362177 1468422 1049603 1812427 1418656 486434 519600 120500 0 188227 1927380 41853 58784 40169115 8225708 33476466 31943407 8029632 8938610 174190 132111 44329729 44938548 623363 865680 293293 186800 1095367 1041741 140018 114114 2152041 2208335 X 38170851 34644133 4006837 8086080 42177688 42730213 44329729 44938548 682336 434494 -564305 0 X 0 0 0 X 5848210 8004466 4607861 21685278 6169462 46315277 347238 397076 471749 955107 1156102 3327272 6195448 8401542 5079610 22640385 7325564 49642549 1325759 3481962 1411486 3187204 1544000 10950411 0 1325759 3481962 1411486 3187204 1544000 10950411 38692138 96204 537441 1580402 1570657 1671753 5456457 96204 537441 1580402 1570657 1671753 5456457 8773 8773 15636 36963 30190 82789 6291652 8938983 6684421 24248005 9027507 55190568 0.70110 0.67620 0.09890 0.08590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6944195 903054 501000 7346249 2600457 4045989 949506 651757 6944195 2383824 216633 2600457 2709092 -250235 75033 2383824 2367003 342089 2709092 0.00000 1.00000 0.00000 0 0 3183275 3183275 34223087 5462956 28760131 1490161 1490161 0 1272592 1272591 1 31943407 SECURITY DEPOSITS 114114 114114 X PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUND CONSISTS OF SEVERAL DONOR-RESTRICTED ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS, INCLUDING FUNDS DESIGNATED BY THE BOARD OF GOVERNORS TO FUNCTION AS ENDOWMENTS, ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE CLUB HAS A POLICY OF TRANSFERRING ANY INVESTMENT RETURNS, OTHER THAN THOSE WHICH ARE STIPULATED BY THE DONOR TO REMAIN IN PERPETUITY, TO EITHER NET ASSETS WITH DONOR RESTRICTIONS OR NET ASSETS WITHOUT DONOR RESTRICTIONS. THE CLUB'S SPENDING POLICY LIMITS THE WITHDRAWALS TO THE EXPECTED LONG-TERM RATE OF RETURN AT AN AVERAGE OF FIVE PERCENT. THE CLUB UTILIZES A SPENDING RATE OF THREE TO FIVE PERCENT OF A TRAILING TWELVE QUARTER AVERAGE OF THE FAIR VALUE OF THE ENDOWMENT FUNDS FOR THIS PURPOSE. ANY ANNUAL SPENDING AMOUNT REMAINING AT THE END OF THE FISCAL YEAR CONTINUES TO BE AVAILABLE FOR THE SUCCEEDING TWO YEARS. PART X, LINE 2: THE ORGANIZATION IS A QUALIFIED ORGANIZATION EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SECTION 23701(D) OF THE CALIFORNIA REVENUE FRANCHISE TAX CODE, RESPECTIVELY. THE CLUB ONLY RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED AND CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE CLUB HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2025, IT DOES NOT HAVE ANY SIGNIFICANT TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. 0 0 0 0 0 0 0 0 0 0 0 0 CLIMATE ONE EUROPE (INCLUDING ICELAND & GREENLAND) 1 457000 WIRE TRANSFER 0 0 0 0 0 0 0 ANNUAL GALA 886367 858867 27500 106449 3030 42614 886367 858867 27500 106449 3030 42614 152093 -124593 0 THE ORGANIZATION BOOK AWARDS HONOR WRITERS FOR OUTSTANDING CONTRIBUTIONS TO FICTION, NONFICTION, POETRY, JUVENILE LITERATURE, FIRST WORKS OF FICTION, 1 15000 PART I, LINE 2: THE ORGANIZATION MAKES AWARDS BASED ON LITERARY MERIT, BUT DOES NOT MONITOR THE USE OF FUNDS AWARDED. THE ORGANIZATION HAS ONLY GRANTED AWARDS TO INDIVIDUALS. X X X 0 0 0 1 0 0 0 0 0 PHILIP W YUN CO-PRESIDENT/CO-CEO 279563 0 0 0 0 0 0 0 0 0 279563 0 0 0 NICHOLAS C LEON VP FINANCE & CFO 187302 0 0 0 0 0 0 0 700 0 188002 0 0 0 MICHELLE D'ALO VP DEVELOPMENT & PROGRAMS 184935 0 0 0 0 0 0 0 0 0 184935 0 0 0 LAUREN D SILVER VP EDUCATION 158747 0 0 0 0 0 0 0 19142 0 177889 0 0 0 ALEJANDRO HERNANDEZ VP FACILITIES 124192 0 37123 0 0 0 0 0 10272 0 171587 0 0 0 JENNY PARK TIEU MANAGING DIRECTOR - CLIMATE ONE 143140 0 0 0 0 0 0 0 9972 0 153112 0 0 0 PART I, LINE 5 ALEJANDRO HERNANDEZ, VP FACILITIES, RECEIVES A BONUS FOR PRIVATE EVENTS REVENUE CALCULATED AT 4% NET CASH PAYMENT ON A MONTHLY BASIS. X 1 50000 FAIR MARKET VALUE 1 0 0 0 PART I, COLUMN (B): THIS NUMBER REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 MARY CRANSTON AND SUSIE CRANSTON HAVE A FAMILIAL RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE REVIEWS THE FORM 990 IN DETAIL. ONCE THE FORM IS ACCEPTABLE TO THE AUDIT COMMITTEE, IT IS FORWARDED TO THE FULL BOARD BEFORE FILING WITH THE TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C THE CO-PRESIDENTS AND CO-CEOS SEND A LETTER ANNUALLY TO THE OFFICERS AND THE BOARD OF GOVERNORS. THE LETTER INCLUDES A QUESTIONNAIRE REQUESTING DISCLOSURE OF POTENTIAL CONFLICTS. ALL EMPLOYEES ARE COVERED BY THE CONFLICT OF INTEREST POLICY CONTAINED IN THE EMPLOYEE HANDBOOK. IN THE CASE OF A CONFLICT OF INTEREST BEING DISCOVER OR REPORTED, THE CLUB'S AUDIT COMMITTEE (CHARGED WITH RISK MANAGEMENT) IS IMMEDIATELY CALLED UPON TO ASSESS THE LEVEL OF CONFLICT AND ANY ASSOCIATED RISK TO THE CLUB. ITS FINDING/RECOMMENDATION IS THEN PASSED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR FINAL DISPOSITION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED BY AN EXECUTIVE COMPENSATION COMMITTEE. THE BOARD'S EXECUTIVE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT PERSONS. THE EXECUTIVE COMPENSATION COMMITTEE UTILIZES INFORMATION AVAILABLE TO DETERMINE THE APPROPRIATENESS OF THE COMPENSATION PAID. THE INFORMATION USED INCLUDES COMPARABLE STUDIES OF SIMILAR ORGANIZATIONS AND POSITIONS, MARKET FACTORS AND RESPONSIBILITIES UNIQUE TO THE ORGANIZATION. UPON COMPLETION OF ITS REVIEW, THE EXECUTIVE COMPENSATION COMMITTEE MAKES ITS RECOMMENDATION TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.