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← COOPERATIVE DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by COOPERATIVE DEVELOPMENT FOUNDATION.

Totals

Total revenue
$3,402,428
Total expenses
$1,828,510
Contributions and grants received
$3,237,586
Grants paid
$806,643
Program service revenue
$11,182
Investment income
$201,407
Other revenue
-$47,747
Total assets, end of year
$11,289,391
Total liabilities, end of year
$852,782
Net assets or fund balances, end of year
$10,436,609
Program services expenses (Part IX)
$1,579,647
Management and general expenses
$168,192
Fundraising expenses
$80,671
Program service expenses (Part III)
$1,579,647

Program services were 86.4% 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

    $344,412

  • 1e · Government grants (contributions)

    $415,769

  • 1f · All other contributions, gifts and grants

    $2,477,405

  • 2a · Program service revenue: Coop loan interest

    total $11,182 · related or exempt $11,182

  • 3 · Investment income

    total $204,228 · excluded $204,228

  • 7a · Gross sales of assets other than inventory

    securities $28,260

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

    securities $31,081

  • 7c · Gain or loss

    securities -$2,821

  • 7d · Net gain or loss

    total -$2,821 · excluded -$2,821

  • 8a · Fundraising events: gross income

    $25,800

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

    $344,412

  • 8b · Fundraising events: direct expenses

    $73,547

  • 8c · Net income from fundraising events

    total -$47,747 · excluded -$47,747

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $515,279 · program services $515,279

  • 2 · Grants to domestic individuals

    total $12,000 · program services $12,000

  • 3 · Grants to foreign organizations and individuals

    total $279,364 · program services $279,364

  • 5 · Compensation of officers, directors and key employees

    total $198,244 · program services $156,154 · management and general $32,737 · fundraising $9,353

  • 7 · Other salaries and wages

    total $109,783 · program services $40,046 · management and general $27,843 · fundraising $41,894

  • 9 · Other employee benefits

    total $8,829 · program services $3,818 · management and general $2,114 · fundraising $2,897

  • 11c · Fees: accounting

    total $52,057 · management and general $52,057

  • 11f · Fees: investment management

    total $29,760 · program services $21,085 · management and general $8,675

  • 11g · Fees: other

    total $161,009 · program services $144,209 · management and general $4,800 · fundraising $12,000

  • 13 · Office expenses

    total $34,886 · program services $2,077 · management and general $23,890 · fundraising $8,919

  • 16 · Occupancy

    total $16,645 · program services $4,994 · management and general $6,657 · fundraising $4,994

  • 17 · Travel

    total $94,249 · program services $94,066 · fundraising $183

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $7,639 · management and general $7,639

  • 24a · Other expenses: Government grants - con

    total $306,124 · program services $306,124

  • 24b · Other expenses: Equipment rental and ma

    total $1,206 · management and general $1,206

  • 24c · Other expenses: Printing and postage

    total $720 · program services $216 · management and general $288 · fundraising $216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,636,604 · end of year $2,836,294

  • 3 · Pledges and grants receivable

    beginning of year $187,604 · end of year $161,908

  • 7 · Other notes and loans receivable

    beginning of year $315,964 · end of year $322,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,287 · end of year $46,487

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

    $6,627

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

    $5,493

  • 10c · Land, buildings and equipment, net

    beginning of year $1,851 · end of year $1,134

  • 11 · Investments: publicly traded securities

    beginning of year $9,306,849 · end of year $7,921,159

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,832 · end of year $91,177

  • 18 · Grants payable

    beginning of year $900,300 · end of year $368,786

  • 19 · Deferred revenue

    beginning of year $27,355 · end of year $392,819

  • 27 · Net assets without donor restrictions

    beginning of year $3,265,758 · end of year $4,544,520

  • 28 · Net assets with donor restrictions

    beginning of year $7,128,914 · end of year $5,892,089

Mission and programs · 2022

Mission

The Cooperative Development Foundation promotes cooperative education and development to improve the economic and social well-being of all people. We do this through 1) cooperative development projects for which we provide programmatic and/or financial support; 2) funding and dissemination of materials and research about cooperatives and economic issues impacting communities historically excluded because of discrimination and geography; education efforts that improve the leadership and skills of cooperative staffs and boards; and university related projects that strengthen rural communities, cooperatives and agriculture practices and 3) raising the awareness of cooperatives as an economic alternative both domestically and abroad. CDF supports its mission through direct expenditure, grants, and loans.

Activities or mission (Part I)

CDF promotes economic and community development through cooperative enterprise.

  • Through its grant 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 three areas:1) Development - CDF provides cooperative development projects for which we provide programmatic and/or financial support, particularly in the worker cooperative and food sectors.

    Expenses $906,868 · Grants $480,045 · Revenue $11,182

  • 2) Education and Research- We fund the development and distribution of cooperative education and research materials and programs about cooperatives and economic issues affecting communities, with a focus on historically underserved populations and communities; and the education and knowledge sharing of those interested in cooperatives, among various coop sectors, and for emerging cooperative leaders.

    Expenses $306,569 · Grants $290,598

  • 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 $366,210 · Grants $36,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Blanchard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Cornelius Blanding

    Director

    Total calculated
    $0
    Hours/week
    1

  • Devin Fuhrman

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Holdsclaw IV

    Director

    Total calculated
    $0
    Hours/week
    1

  • Linda Tank

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Ziewacz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Jennings

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Deborah Trocha

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Richard Larochelle

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Mary Griffin

    Executive Director

    Total calculated
    $198,243
    From this org
    $0
    From related orgs
    $187,022
    Other
    $11,221
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,022 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,221 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $198,243 related

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
2022
Filed
11 July 2023
IRS schema version
2022v5.0
Source object
202321939349300712

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