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Nonprofiteer
← COOPERATIVE FOR EDUCATION

Form 990 for tax year 2024

Filed by COOPERATIVE FOR EDUCATION.

Totals

Total revenue
$3,616,687
Total expenses
$3,780,247
Contributions and grants received
$3,194,495
Grants paid
$394,850
Program service revenue
$221,851
Investment income
$200,341
Other revenue
$0
Total assets, end of year
$6,779,320
Total liabilities, end of year
$2,101,483
Net assets or fund balances, end of year
$4,677,837
Program services expenses (Part IX)
$3,103,976
Management and general expenses
$279,571
Fundraising expenses
$396,700
Program service expenses (Part III)
$3,103,976

Program services were 82.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,194,495

  • 2a · Program service revenue: DELIVERY TOURS

    total $221,851 · related or exempt $221,851

  • 3 · Investment income

    total $198,314 · excluded $198,314

  • 7a · Gross sales of assets other than inventory

    securities $248,597

  • 7b · Less cost or other basis and sales expenses

    securities $246,570

  • 7c · Gain or loss

    securities $2,027

  • 7d · Net gain or loss

    total $2,027 · excluded $2,027

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $394,850 · program services $394,850

  • 5 · Compensation of officers, directors and key employees

    total $284,560 · program services $227,079 · management and general $13,095 · fundraising $44,386

  • 7 · Other salaries and wages

    total $1,515,485 · program services $1,198,797 · management and general $72,386 · fundraising $244,302

  • 9 · Other employee benefits

    total $193,317 · program services $174,268 · management and general $3,883 · fundraising $15,166

  • 10 · Payroll taxes

    total $146,458 · program services $118,948 · management and general $6,288 · fundraising $21,222

  • 11g · Fees: other

    total $293,706 · program services $129,805 · management and general $157,660 · fundraising $6,241

  • 12 · Advertising and promotion

    total $4,865 · program services $1,330 · management and general $453 · fundraising $3,082

  • 13 · Office expenses

    total $131,869 · program services $118,282 · management and general $9,223 · fundraising $4,364

  • 14 · Information technology

    total $63,804 · program services $43,387 · management and general $3,828 · fundraising $16,589

  • 16 · Occupancy

    total $73,204 · program services $54,574 · management and general $3,493 · fundraising $15,137

  • 17 · Travel

    total $338,760 · program services $324,871 · management and general $252 · fundraising $13,637

  • 19 · Conferences, conventions and meetings

    total $27,776 · program services $15,659 · management and general $349 · fundraising $11,768

  • 22 · Depreciation, depletion and amortization

    total $47,586 · program services $46,593 · management and general $187 · fundraising $806

  • 23 · Insurance

    total $8,474 · management and general $8,474

  • 24a · Other expenses: PROGRAM MATERIALS

    total $255,533 · program services $255,533

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,679,307 · end of year $1,786,846

  • 2 · Savings and temporary cash investments

    beginning of year $1,680,070 · end of year $2,450,620

  • 3 · Pledges and grants receivable

    beginning of year $186,150 · end of year $313,849

  • 8 · Inventories for sale or use

    beginning of year $176,529 · end of year $132,992

  • 10a · Land, buildings and equipment: cost or other basis

    $1,850,683

  • 10b · Land, buildings and equipment: accumulated depreciation

    $655,925

  • 10c · Land, buildings and equipment, net

    beginning of year $1,242,345 · end of year $1,194,758

  • 11 · Investments: publicly traded securities

    beginning of year $673,994 · end of year $738,610

  • 15 · Other assets

    beginning of year $210,070 · end of year $161,645

  • 17 · Accounts payable and accrued expenses

    beginning of year $662,119 · end of year $756,496

  • 19 · Deferred revenue

    beginning of year $67,735 · end of year $71,503

  • 21 · Escrow or custodial account liability

    beginning of year $1,211,350 · end of year $1,189,479

  • 25 · Other liabilities

    beginning of year $148,394 · end of year $84,005

  • 27 · Net assets without donor restrictions

    beginning of year $4,095,928 · end of year $3,996,493

  • 28 · Net assets with donor restrictions

    beginning of year $662,939 · end of year $681,344

Mission and programs · 2024

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 2024, 813 GIRLS AND 243 BOYS BENEFITED FROM RISE.

    Expenses $1,078,583 · Grants $394,850

  • 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 2024, THE BRIDGES PROGRAM EDUCATED MORE THAN 620 INDIVIDUALS AROUND THE WORLD THROUGH 27 EDUCATIONAL PRESENTATIONS (BOTH VIRTUALLY AND IN-PERSON) AND INVOLVED 134 VOLUNTEERS IN DIRECT SERVICE ON TRIPS TO GUATEMALA.

    Expenses $835,880 · Revenue $221,851

  • 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 2024, THE PROGRAM TRAINED 220 TEACHERS FROM 25 SCHOOLS, BENEFITING 5,370 STUDENTS. STUDIES SHOW THAT KIDS IN SPARK CLASSROOMS TYPICALLY LEARN TWICE AS MUCH AS KIDS IN NON-SPARK CLASSROOMS.

    Expenses $499,067

  • 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 21,500 STUDENTS AT 180 SCHOOLS STUDY EVERY DAY WITH COED TEXTBOOKS, INCLUDING 386 STUDENTS AT 2 SCHOOLS RECEIVING COED TEXTBOOKS FOR THE FIRST TIME IN 2024.

    Expenses $362,520

  • 57 COED COMPUTER CENTERS (INCLUDING 1 ESTABLISHED IN 2024, SERVING 420 STUDENTS) HELP TO BRIDGE THE DIGITAL DIVIDE IN RURAL GUATEMALA BY PROVIDING HIGH-QUALITY TECHNOLOGY TRAINING TO 12,400 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 $327,926

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

Listed in Part VII

  • Alen Amini

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Aurora Lambert

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Emily Block

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • John Berninger

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Petren

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Laura Trujillo

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Mary Geren Lutz

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Molly Tyger

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rick Corcoran Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sr Romina Sapinoso

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Brian Todd

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Rolando Archila

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Patrick Farfsing

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Eric Landen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Joseph Berninger

    EXECUTIVE DIRECTOR

    Total calculated
    $129,213
    From this org
    $126,629
    From related orgs
    $0
    Other
    $2,584
    Hours/week
    40
  • Liza O'Neal

    CORPORATE TREASURER

    Total calculated
    $92,182
    From this org
    $84,238
    From related orgs
    $0
    Other
    $7,944
    Hours/week
    40
  • Abigail Gaide

    CORPORATE SECRETARY

    Total calculated
    $63,165
    From this org
    $55,739
    From related orgs
    $0
    Other
    $7,426
    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 $2,109,057 · assets $3,800,221

    Directly controlled by COOPERATIVE FOR EDUCATION

  • CANADIAN FRIENDS OF COOPERATIVE FOR EDUCATION

    PROVIDE SCHOLARSHIPS & FINANCIAL ASSISTANCE TO STUDENTS WHO ARE IMPOVERISHED · CA · income $46,513 · assets $26,789

    Directly controlled by COOPERATIVE FOR EDUCATION

Provenance

Return type
form_990
Tax year
2024
Filed
29 May 2025
IRS schema version
2024v5.1
Source object
202512139349300731

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