Financials and Other Policies
Each year our independent auditors, O'Connor & Drew P.C., audit the corporate financial statements of net assets and related statements of revenues, expenses and changes in net assets and cash flows.
Commonwealth Corporation's fiscal year runs from July 1st through June 30th. Typically, audited corporate statements will be posted on the website during November following the fiscal year closing. Audited financials are approved by the Audit and Finance Committee and the full Board of Directors on the last Thursday of October.
Download the Financial Statements and Management's Discussion & Analysis (June 30, 3011 with comparative June 30, 2010 data)
Past Financial Statements:
Commonwealth Corporation Foundation
Commonwealth Corporation has established a fiscal conduit - the Commonwealth Corporation Foundation - to administer grant awards and donations from private organizations that must be made to a tax exempt entity. Commonwealth Corporation Foundation is a public charity, recognized as exempt from taxation by the IRS pursuant to Section 501(c)(3) of the Internal Revenue Code.
Commonwealth Corporation's Information Security Policy
Commonwealth Corporation recognizes the growing threat of information and identity theft and continues to formulate and implement policies that take steps to safeguard information. This information security policy is designed to safeguard information Assets, including but not limited to Personal Information and Confidential Information that is collected, used, stored, disposed or disseminated in the process of providing services. See the Information Security Policy for more information.