Totals
- Total revenue
- $4,274,545
- Total expenses
- $3,661,560
- Contributions and grants received
- $3,408,652
- Grants paid
- $305,582
- Program service revenue
- $302,195
- Investment income
- $567,993
- Other revenue
- -$4,295
- Total assets, end of year
- $6,848,465
- Total liabilities, end of year
- $2,089,598
- Net assets or fund balances, end of year
- $4,758,867
- Program services expenses (Part IX)
- $3,035,737
- Management and general expenses
- $255,233
- Fundraising expenses
- $370,590
- Program service expenses (Part III)
- $3,035,737
Program services were 82.9% 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.
-
1c · Fundraising events
$105,632
-
1f · All other contributions, gifts and grants
$3,303,020
-
2a · Program service revenue: DELIVERY TOURS
total $302,195 · related or exempt $302,195
-
3 · Investment income
total $99,878 · excluded $99,878
-
7a · Gross sales of assets other than inventory
securities $334,366 · other assets $469,572
-
7b · Less cost or other basis and sales expenses
securities $335,823 · other assets $0
-
7c · Gain or loss
securities -$1,457 · other assets $469,572
-
7d · Net gain or loss
total $468,115 · excluded $468,115
-
8a · Fundraising events: gross income
$15,571
-
8a · Fundraising events: contributions included on line 1c
$105,632
-
8b · Fundraising events: direct expenses
$19,866
-
8c · Net income from fundraising events
total -$4,295 · excluded -$4,295
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $305,582 · program services $305,582
-
5 · Compensation of officers, directors and key employees
total $219,548 · program services $176,375 · management and general $9,816 · fundraising $33,357
-
7 · Other salaries and wages
total $1,468,726 · program services $1,162,092 · management and general $70,088 · fundraising $236,546
-
9 · Other employee benefits
total $187,886 · program services $170,241 · management and general $3,612 · fundraising $14,033
-
10 · Payroll taxes
total $138,581 · program services $112,912 · management and general $5,867 · fundraising $19,802
-
11g · Fees: other
total $247,027 · program services $90,495 · management and general $144,973 · fundraising $11,559
-
13 · Office expenses
total $99,382 · program services $86,326 · management and general $2,248 · fundraising $10,808
-
14 · Information technology
total $55,409 · program services $37,678 · management and general $3,325 · fundraising $14,406
-
16 · Occupancy
total $73,428 · program services $52,792 · management and general $3,869 · fundraising $16,767
-
17 · Travel
total $146,826 · program services $140,187 · management and general $166 · fundraising $6,473
-
19 · Conferences, conventions and meetings
total $18,162 · program services $9,675 · management and general $2,454 · fundraising $6,033
-
22 · Depreciation, depletion and amortization
total $48,831 · program services $47,839 · management and general $186 · fundraising $806
-
23 · Insurance
total $8,629 · management and general $8,629
-
24a · Other expenses: PROGRAM MATERIALS
total $643,543 · program services $643,543
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,124,931 · end of year $2,679,307
-
2 · Savings and temporary cash investments
beginning of year $3,550,336 · end of year $1,680,070
-
3 · Pledges and grants receivable
beginning of year $160,312 · end of year $186,150
-
8 · Inventories for sale or use
beginning of year $86,804 · end of year $176,529
-
9 · Prepaid expenses and deferred charges
beginning of year $89,611
-
10a · Land, buildings and equipment: cost or other basis
$1,850,683
-
10b · Land, buildings and equipment: accumulated depreciation
$608,338
-
10c · Land, buildings and equipment, net
beginning of year $1,210,339 · end of year $1,242,345
-
11 · Investments: publicly traded securities
beginning of year $424,959 · end of year $673,994
-
15 · Other assets
beginning of year $183,487 · end of year $210,070
-
17 · Accounts payable and accrued expenses
beginning of year $562,517 · end of year $662,119
-
19 · Deferred revenue
beginning of year $89,775 · end of year $67,735
-
21 · Escrow or custodial account liability
beginning of year $1,742,260 · end of year $1,211,350
-
25 · Other liabilities
beginning of year $351,481 · end of year $148,394
-
27 · Net assets without donor restrictions
beginning of year $3,749,606 · end of year $4,095,928
-
28 · Net assets with donor restrictions
beginning of year $335,140 · end of year $662,939
Mission and programs · 2023
Mission
TO PROVIDE EDUCATIONAL IMPROVEMENT SERVICES AND OTHER CHARITABLE SERVICES TO FINANCIALLY STRESSED COMMUNITIES AND EDUCATION INSTITUTIONS AND EDUCATE NORTH AMERICANS ABOUT GUATEMALA, ITS POVERTY AND EDUCATIONAL SERVICES.
-
COED'S RISE YOUTH DEVELOPMENT PROGRAM GETS KIDS INTO SCHOOL AND ENSURES THEY CAN REACH THE MILESTONE OF HIGH-SCHOOL GRADUATION (FOCUSING PRIMARILY ON EVENING THE PLAYING FIELD FOR GIRLS, WHO ARE OFTEN THE FIRST TO BE PULLED OUT OF SCHOOL IN GUATEMALA). THE PROGRAM GOES FAR BEYOND A TRADITIONAL SCHOLARSHIP, PROVIDING TUTORING AND MENTORING, COMPREHENSIVE SOCIAL SUPPORT, AND PERSONAL DEVELOPMENT OPPORTUNITIES THAT TRANSFORM STUDENTS INTO THE NEXT GENERATION OF LEADERS. IN 2023, 740 GIRLS AND 191 BOYS BENEFITED FROM RISE.
Expenses $1,005,775 · Grants $305,582
-
THE BRIDGES PROGRAM CREATES AWARENESS THAT DRIVES PEOPLE AROUND THE WORLD TO ACTION THROUGH SERVICE, ENABLING INDIVIDUALS TO DISCOVER HOW THEIR GIFTS AND TALENTS CAN BEST BE CALLED FORTH TO HELP OTHERS. IN 2023, THE BRIDGES PROGRAM EDUCATED MORE THAN 900 INDIVIDUALS AROUND THE WORLD THROUGH 40 EDUCATIONAL PRESENTATIONS (BOTH VIRTUALLY AND IN-PERSON) AND INVOLVED 173 VOLUNTEERS IN DIRECT SERVICE ON TRIPS TO GUATEMALA.
Expenses $648,589 · Revenue $302,195
-
COED'S SPARK READING PROGRAM TRANSFORMS STUDENTS INTO ENTHUSIASTIC, COMPETENT, AND LIFELONG READERS BY PROVIDING CHILDREN'S BOOKS TO IMPOVERISHED SCHOOLS IN RURAL GUATEMALA AND TRAINING TEACHERS IN BEST PRACTICES FOR EARLY LITERACY INSTRUCTION. THROUGHOUT 2023, THE PROGRAM TRAINED 243 TEACHERS FROM 30 SCHOOLS, BENEFITING 5,700 STUDENTS. STUDIES SHOW THAT KIDS IN SPARK CLASSROOMS TYPICALLY LEARN TWICE AS MUCH AS KIDS IN NON-SPARK CLASSROOMS.
Expenses $591,384
-
COED'S TEXTBOOK PROGRAM PROVIDES RESOURCES AND TRAINING THAT EMPOWER GUATEMALAN MIDDLE SCHOOLS TO TRANSFORM THEIR QUALITY OF TEACHING AND LEARNING. THE PROGRAM PROVIDES TEXTBOOKS USING A SUSTAINABLE "REVOLVING FUND" MODELENSURING SCHOOLS BENEFIT FROM THESE RESOURCES IN PERPETUITYAND TRAINS TEACHERS IN DIDACTIC METHODS. MORE THAN 21,800 STUDENTS AT 191 SCHOOLS STUDY EVERY DAY WITH COED TEXTBOOKS, INCLUDING 390 STUDENTS AT 3 SCHOOLS RECEIVING COED TEXTBOOKS FOR THE FIRST TIME IN 2023.
Expenses $396,185
-
56 COED COMPUTER CENTERS (INCLUDING 2 ESTABLISHED IN 2023, SERVING 400 STUDENTS) HELP TO BRIDGE THE DIGITAL DIVIDE IN RURAL GUATEMALA BY PROVIDING HIGH-QUALITY TECHNOLOGY TRAINING TO 12,000 STUDENTS. COMPUTER CENTER STUDENTS GAIN THE SKILLS TO CONTINUE THEIR EDUCATION, FIND HIGHER-WAGE JOBS, AND PERMANENTLY RAISE THEIR STANDARD OF LIVING. THE CENTERS ARE DESIGNED TO LAST FOR THE LONG TERM THANKS TO OUR INNOVATIVE SUSTAINABILITY MODEL, UPGRADING THEIR EQUIPMENT ON A PLANNED REPLACEMENT SCHEDULE WITH MONEY SAVED IN THEIR REVOLVING FUNDS.
Expenses $393,804
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aurora LambertAURORA LAMBERT
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John BerningerJOHN BERNINGER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kenneth PetrenKENNETH PETREN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Laura TrujilloLAURA TRUJILLO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary Geren LutzMARY GEREN LUTZ
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Molly TygerMOLLY TYGER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Olivia CookOLIVIA COOK
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paul PorcinoPAUL PORCINO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rick Corcoran JrRICK CORCORAN JR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rolando ArchilaROLANDO ARCHILA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sr Romina SapinosoSR ROMINA SAPINOSO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian ToddBRIAN TODD
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michelle HanavanMICHELLE HANAVAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick FarfsingPATRICK FARFSING
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Eric LandenERIC LANDEN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Joseph BerningerJOSEPH BERNINGER
EXECUTIVE DIRECTOR
- Total calculated
- $125,525
- From this org
- $123,064
- From related orgs
- $0
- Other
- $2,461
- Hours/week
- 40
-
Anne CunninghamANNE CUNNINGHAM
CFO (ENDING IN AUGUST 2023)
- Total calculated
- $94,023
- From this org
- $73,300
- From related orgs
- $0
- Other
- $20,723
- Hours/week
- 40
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.
-
ASOCIACION COED
IN-COUNTRY PROGRAM OPERATIONS IN ACCORDANCE WITH THE MISSION OF COED · GT · income $2,556,054 · assets $3,736,778
Directly controlled by COOPERATIVE FOR EDUCATION
-
CANADIAN FRIENDS OF COOPERATIVE FOR EDUCATION
PROVIDE SCHOLARSHIPS & FINANCIAL ASSISTANCE TO STUDENTS WHO ARE IMPOVERISHED · CA · income $48,733 · assets $22,142
Directly controlled by COOPERATIVE FOR EDUCATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202431909349301188
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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