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← COOPERATIVE DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by COOPERATIVE DEVELOPMENT FOUNDATION.

Totals

Total revenue
$1,741,895
Total expenses
$2,825,612
Contributions and grants received
$1,299,776
Grants paid
$1,453,014
Program service revenue
$17,293
Investment income
$476,223
Other revenue
-$51,397
Total assets, end of year
$11,173,928
Total liabilities, end of year
$1,062,000
Net assets or fund balances, end of year
$10,111,928
Program services expenses (Part IX)
$2,444,697
Management and general expenses
$286,598
Fundraising expenses
$94,317
Program service expenses (Part III)
$2,444,697

Program services were 86.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $293,410

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $340,243

  • 1f · All other contributions, gifts and grants

    $666,123

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Registration Fees

    total $6,015 · related or exempt $6,015 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: COOP loan interest

    total $11,278 · related or exempt $11,278 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $322,445 · related or exempt $0 · unrelated business $0 · excluded $322,445

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,426,764 · other assets $0

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

    securities $1,272,986 · other assets $0

  • 7c · Gain or loss

    securities $153,778 · other assets $0

  • 7d · Net gain or loss

    total $153,778 · related or exempt $0 · unrelated business $0 · excluded $153,778

  • 8a · Fundraising events: gross income

    $41,500

  • 8a · Fundraising events: contributions included on line 1c

    $293,410

  • 8b · Fundraising events: direct expenses

    $92,897

  • 8c · Net income from fundraising events

    total -$51,397 · unrelated business $0 · excluded -$51,397

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,453,014 · program services $1,453,014

  • 5 · Compensation of officers, directors and key employees

    total $107,500 · program services $83,171 · management and general $13,055 · fundraising $11,274

  • 7 · Other salaries and wages

    total $164,607 · program services $58,602 · management and general $56,881 · fundraising $49,124

  • 9 · Other employee benefits

    total $102,152 · program services $49,547 · management and general $28,227 · fundraising $24,378

  • 11c · Fees: accounting

    total $62,662 · management and general $62,662

  • 11f · Fees: investment management

    total $29,150 · management and general $29,150

  • 11g · Fees: other

    total $267,516 · program services $237,099 · management and general $30,417

  • 13 · Office expenses

    total $39,045 · program services $1,430 · management and general $32,766 · fundraising $4,849

  • 16 · Occupancy

    total $14,923 · program services $4,477 · management and general $5,969 · fundraising $4,477

  • 17 · Travel

    total $338,338 · program services $318,728 · management and general $19,610

  • 22 · Depreciation, depletion and amortization

    total $716 · program services $215 · management and general $286 · fundraising $215

  • 23 · Insurance

    total $7,575 · management and general $7,575

  • 24a · Other expenses: Government Grants - Contractual

    total $238,414 · program services $238,414 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,836,294 · end of year $537,804

  • 2 · Savings and temporary cash investments

    end of year $513,093

  • 3 · Pledges and grants receivable

    beginning of year $161,908 · end of year $188,315

  • 4 · Accounts receivable

    end of year $59,440

  • 7 · Other notes and loans receivable

    beginning of year $322,409 · end of year $326,832

  • 9 · Prepaid expenses and deferred charges

    beginning of year $46,487 · end of year $20,545

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

    $6,627

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

    $6,209

  • 10c · Land, buildings and equipment, net

    beginning of year $1,134 · end of year $418

  • 11 · Investments: publicly traded securities

    beginning of year $7,921,159 · end of year $9,522,481

  • 13 · Investments: program-related

    end of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,177 · end of year $109,163

  • 18 · Grants payable

    beginning of year $368,786 · end of year $877,773

  • 19 · Deferred revenue

    beginning of year $392,819 · end of year $75,064

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $4,544,520 · end of year $3,646,847

  • 28 · Net assets with donor restrictions

    beginning of year $5,892,089 · end of year $6,465,081

Mission and programs · 2023

Mission

To promote and develop cooperatives to improve economic opportunities for all.

  • Through its grants and loan funds as well as its unrestricted revenue, CDF makes grants and loans to cooperatives, cooperative development organizations, cooperative lenders, universities and groups organizing cooperatives. We work predominately in the following areas: 1) Education and Research - We fund the development and distribution of cooperative education and research materials and programs historically underserved populations and communities; and the education and knowledge sharing of those interested in cooperatives, among various coop sectors, and for emerging cooperatives leaders.

    Expenses $1,339,006 · Grants $1,336,506

  • 2) Development - CDF provides cooperative development projects for which we provide programmatic and/or financial support, particularly in the worker cooperative and food sectors.

    Expenses $553,303 · Grants $113,530 · Revenue $17,293

  • 3) Awareness - Raising the awareness of cooperatives as an economic alternative both domestically and abroad, including the impact of cooperatives on healthy, sustainable and equitable communities.

    Expenses $552,388 · Grants $2,978

As filed on the 2023 return.

Listed in Part VII

  • Mary Griffin

    Executive Director

    Total calculated
    $203,010
    From this org
    $0
    From related orgs
    $188,940
    Other
    $14,070
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $179,935 related
    Bonus
    $0 + $9,005 related
    Other
    $0
    Deferred
    $0 + $10,806 related
    Nontaxable benefits
    $0 + $3,264 related
    Filer's total
    $0 + $203,010 related

  • Kirstie E Boyette

    Associate Director

    Total calculated
    $127,699
    From this org
    $0
    From related orgs
    $113,025
    Other
    $14,674
    Hours/week
    40

  • Deborah Trocha

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cornelius Blanding

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Tank

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Holdsclaw IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Larry Blanchard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Devin Fuhrman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Ziewacz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adria Powell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rich Larochelle

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Christina Jennings

    Treasurer/Secretary

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.0
Source object
202412989349301716

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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