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← CONORTH

Form 990 for tax year 2024

Filed by CONORTH.

Totals

Total revenue
$3,460,291
Total expenses
$1,709,305
Contributions and grants received
$2,941,940
Grants paid
$0
Program service revenue
$483,037
Investment income
$35,314
Other revenue
$0
Total assets, end of year
$11,912,748
Total liabilities, end of year
$8,981,706
Net assets or fund balances, end of year
$2,931,042
Program services expenses (Part IX)
$1,400,571
Management and general expenses
$226,213
Fundraising expenses
$82,521
Program service expenses (Part III)
$1,400,571

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $231,433

  • 1f · All other contributions, gifts and grants

    $2,710,507

  • 2a · Program service revenue: COOPERATIVE SUPPORT SERVICES

    total $228,535 · related or exempt $228,535

  • 2b · Program service revenue: LENDING INCOME - INTEREST

    total $208,082 · related or exempt $208,082

  • 2c · Program service revenue: LENDING INCOME

    total $44,969 · related or exempt $44,969

  • 2d · Program service revenue: OTHER INCOME

    total $1,451 · related or exempt $1,451

  • 3 · Investment income

    total $35,314 · excluded $35,314

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $136,817 · program services $109,510 · management and general $18,194 · fundraising $9,113

  • 7 · Other salaries and wages

    total $809,697 · program services $648,092 · management and general $107,673 · fundraising $53,932

  • 9 · Other employee benefits

    total $75,495 · program services $60,425 · management and general $10,040 · fundraising $5,030

  • 10 · Payroll taxes

    total $78,658 · program services $62,959 · management and general $10,460 · fundraising $5,239

  • 11b · Fees: legal

    total $18,135 · program services $986 · management and general $17,149

  • 11c · Fees: accounting

    total $61,353 · program services $52,526 · management and general $7,509 · fundraising $1,318

  • 11d · Fees: lobbying

    total $40,000 · program services $40,000

  • 11g · Fees: other

    total $135,988 · program services $98,547 · management and general $37,202 · fundraising $239

  • 13 · Office expenses

    total $9,149 · program services $7,202 · management and general $1,161 · fundraising $786

  • 16 · Occupancy

    total $51,987 · program services $42,535 · management and general $6,238 · fundraising $3,214

  • 17 · Travel

    total $15,114 · program services $15,017 · management and general $67 · fundraising $30

  • 20 · Interest

    total $38,000 · program services $38,000

  • 23 · Insurance

    total $9,237 · program services $7,558 · management and general $1,108 · fundraising $571

  • 24a · Other expenses: LENDING EXPENSES

    total $82,999 · program services $82,999

  • 24b · Other expenses: CO-OP CONV, ASSISTANCE

    total $70,488 · program services $70,488

  • 24c · Other expenses: STAFF, BOARD & VOLUNTEER

    total $45,978 · program services $38,286 · management and general $7,156 · fundraising $536

  • 24d · Other expenses: DUES, SUBS, LICENSE, FEES

    total $30,210 · program services $25,441 · management and general $2,256 · fundraising $2,513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,706,298 · end of year $9,687,623

  • 4 · Accounts receivable

    beginning of year $229,951 · end of year $653,942

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,592 · end of year $87,489

  • 15 · Other assets

    beginning of year $192,455 · end of year $1,483,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,197 · end of year $161,689

  • 19 · Deferred revenue

    end of year $4,017,169

  • 23 · Secured mortgages and notes payable

    beginning of year $1,791,346 · end of year $4,536,355

  • 25 · Other liabilities

    beginning of year $182,697 · end of year $266,493

  • 27 · Net assets without donor restrictions

    beginning of year $1,108,350 · end of year $1,341,883

  • 28 · Net assets with donor restrictions

    beginning of year $71,706 · end of year $1,589,159

Mission and programs · 2024

Mission

NCF'S MISSION IS TO "TRANSFORM LIVES AND COMMUNITIES THROUGH COOPERATIVE ENTERPRISE." WE CARRY OUT THIS MISSION BY PROVIDING TECHNICAL ASSISTANCE AND COOPERATIVE EDUCATION TO COOPERATIVE ORGANIZATIONS. FROM OUR INCEPTION, WE HAVE BEEN INNOVATIVE AND ENTREPRENEURIAL, SEEKING OUT CREATIVE, SOCIALLY ORGANIZED APPROACHES TO CHALLENGING PROBLEMS.

  • NORTHCOUNTRY COOPERATIVE FOUNDATION (NCF) IS A NON-PROFIT 501(C)(3) ORGANIZATION WORKING TO TRANSFORM LIVES AND COMMUNITIES THROUGH COOPERATIVE ENTERPRISE FOR RESIDENTS OF MANUFACTURED HOUSING COMMUNITIES. NCF SUPPORTS LOW-INCOME AND UNDERSERVED COMMUNITIES THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING COOPERATIVES BY PROVIDING EDUCATION, TECHNICAL ASSISTANCE, PROGRAMS, AND SERVICES TO RESIDENTS OF THE COMMUNITIES THEY SERVE. THE ORGANIZATION CURRENTLY SUPPORTS 16 MANUFACTURED HOME COOPERATIVES, AND CONTINUES TO DEVELOP NEW COOPERATIVES EACH YEAR. NCF IS ONE OF ELEVEN CERTIFIED TECHNICAL ASSISTANCE PROVIDERS (CTAPS) UNDER THE NATIONAL ROC USA NETWORK PROVIDING TAILORED TECHNICAL ASSISTANCE, TRAINING AND EDUCATION, AND PEER-TO-PEER ENGAGEMENT OPPORTUNITIES FOR THE COOPERATIVES WE WORK WITH ACROSS MINNESOTA AND WISCONSIN. THIS WORK IS A COMMUNITY-ROOTED AND SYSTEMICALLY TRANSFORMATIVE APPROACH TO PRESERVING AFFORDABLE HOUSING THAT GIVES HOMEOWNERS THE POWER AND STABILITY THAT COMES WITH COOPERATIVE OWNERSHIP AND CONTROL OF THE LAND UNDER THEIR HOMES. NCF ALSO ADVOCATES FOR LEGISLATION AND LEGISLATIVE FUNDING THAT ADVANCES CO-OP OWNERSHIP AND SUPPORTS MANUFACTURED HOMEBUYERS AND COOPERATIVES. WE ALSO WORK DIRECTLY WITH OUR MANUFACTURED HOUSING COOPERATIVE COMMUNITIES TO SECURE STATE GRANTS FOR CRITICAL IMPROVEMENT PROJECTS IN THEIR COMMUNITY. TO FURTHER OUR MISSION AND EXPAND ACCESS TO COOPERATIVE FINANCING, WE ALSO ESTABLISHED A LENDING SUBSIDIARY, COOPERATIVE LOAN FUND LLC (CLF), IN 2023. THIS SUBSIDIARY OFFERS LOANS AND OTHER FINANCING FOR COOPERATIVES WITH A FOCUS ON SERVING LOW-INCOME, LOW-WEALTH, AND HISTORICALLY MARGINALIZED COMMUNITIES.

    Expenses $1,400,571 · Revenue $518,351

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victoria Clark-West

    EXECUTIVE DI

    Total calculated
    $140,922
    From this org
    $136,817
    From related orgs
    $0
    Other
    $4,105
    Hours/week
    40

  • Emily Stewart

    ASSOCIATE DI

    Total calculated
    $108,619
    From this org
    $105,455
    From related orgs
    $0
    Other
    $3,164
    Hours/week
    40

  • David Berglund

    DIR REAL EST

    Total calculated
    $107,137
    From this org
    $104,017
    From related orgs
    $0
    Other
    $3,120
    Hours/week
    40

  • Sarah Berke

    CLF CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Brian Dahlk

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bobbie Grubb

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Noah Hobbs

    NCF CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Benjy Nicholie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trisha Presley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Juan Luis Rivera-Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mar Valdecantos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • VIKING LAKES

    NONE · MN

    Directly controlled by NCF

  • COOPERATIVE LOAN FUND

    LOAN FUND · MN · income $685,883 · assets $9,589,285

    Directly controlled by NCF

Provenance

Return type
form_990
Tax year
2024
Filed
19 June 2025
IRS schema version
2024v5.0
Source object
202521789349300722

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