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Nonprofiteer
← COOPERATIVE NETWORK

Form 990 for tax year 2022

Filed by COOPERATIVE NETWORK.

Totals

Total revenue
$886,271
Total expenses
$826,349
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$863,623
Investment income
$22,251
Other revenue
$397
Total assets, end of year
$1,366,525
Total liabilities, end of year
$158,530
Net assets or fund balances, end of year
$1,207,995
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: DUES

    total $830,116 · related or exempt $830,116

  • 2b · Program service revenue: MEETING INCOME

    total $23,869 · related or exempt $23,869

  • 2c · Program service revenue: PROGRAM INCOME

    total $9,638 · related or exempt $9,638

  • 3 · Investment income

    total $22,251 · excluded $22,251

  • 11d · All other revenue

    total $397 · excluded $397

  • 11e · Other revenue, total

    $397

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $294,794

  • 7 · Other salaries and wages

    total $203,159

  • 8 · Pension plan contributions

    total $36,581

  • 9 · Other employee benefits

    total $34,357

  • 10 · Payroll taxes

    total $35,454

  • 11c · Fees: accounting

    total $48,946

  • 11g · Fees: other

    total $39,084

  • 13 · Office expenses

    total $18,305

  • 14 · Information technology

    total $15,730

  • 16 · Occupancy

    total $29,451

  • 17 · Travel

    total $4,125

  • 19 · Conferences, conventions and meetings

    total $25,594

  • 20 · Interest

    total $3,411

  • 22 · Depreciation, depletion and amortization

    total $7,813

  • 23 · Insurance

    total $18,285

  • 24a · Other expenses: MEMBERSHIP DUES

    total $6,194

  • 24b · Other expenses: LITERATURE AND SUBSCRIP

    total $2,987

  • 24c · Other expenses: PERSONAL PROPERTY TAX

    total $242

  • 24e · All other expenses

    total $1,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $998,589 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $201,722 · end of year $1,027,409

  • 3 · Pledges and grants receivable

    beginning of year $70,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $34,209 · end of year $2,250

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,895 · end of year $19,970

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

    $80,069

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

    $67,925

  • 10c · Land, buildings and equipment, net

    beginning of year $19,957 · end of year $12,144

  • 11 · Investments: publicly traded securities

    beginning of year $163,337 · end of year $164,413

  • 12 · Investments: other securities

    beginning of year $36,000 · end of year $36,000

  • 13 · Investments: program-related

    beginning of year $15,766 · end of year $15,766

  • 15 · Other assets

    beginning of year $0 · end of year $88,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,631 · end of year $22,654

  • 19 · Deferred revenue

    beginning of year $279,867 · end of year $3,247

  • 23 · Secured mortgages and notes payable

    beginning of year $153,030 · end of year $43,145

  • 25 · Other liabilities

    beginning of year $0 · end of year $89,484

  • 27 · Net assets without donor restrictions

    beginning of year $1,146,947 · end of year $1,207,995

Mission and programs · 2022

Mission

PROMOTE, REPRESENT & ADVOCATE FOR THE COOPERATIVE WAY OF DOING BUSINESS

Activities or mission (Part I)

TO IMPROVE, FOSTER, AND PROMOTE THE BETTER UNDERSTANDING OF THE PRINCIPLES AND PRACTICES OF COOPERATIVES; TO DO ALL THINGS NECESSARY FOR THE ADVANCEMENT OF COOPERATIVES; TO PROMOTE THE INTERESTS OF THE MEMBERS OF COOPERATIVES; AND TO FOSTER AND PROMOTE FURTHER GROWTH AND STRENGTHENING OF COOPERATIVES.

  • THE TRUSTED VOICE FOR COOPERATIVES, COOPERATIVE NETWORK IS COMMITTED TO PROTECTING AND PROMOTING COOPERATIVE BUSINESSES AND THEIR SHARED COOPERATIVE PRINCIPLES.COOPERATIVE NETWORK KNOWS WE ARE STRONGER TOGETHER. OUR ULTIMATE GOAL IS TO OPTIMIZE THE VALUE WE PROVIDE TO OUR MEMBER COOPERATIVES IN MINNESOTA AND WISCONSIN. WE ARE COMMITTED TO MEETING THE NEEDS OF OUR MEMBERS BY PROVIDING WORLD-CLASS LEGISLATIVE AND REGULATORY ADVOCACY, A WIDE RANGE OF OPPORTUNITIES FOR LEARNING AND DEVELOPMENT AND CREATIVE LEADERSHIP IN PUBLIC AWARENESS.

As filed on the 2022 return.

Listed in Part VII

  • Sadie Frericks

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christa Hoffman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marie Barry

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Michelle Gubser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roger Hildebrandt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Audrey Hjelle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amber Horn-Leiterman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Lyon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Hoefling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Smith

    PRESIDENT AND CEO

    Total calculated
    $176,738
    From this org
    $158,644
    From related orgs
    $0
    Other
    $18,094
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,644
    Bonus
    $0
    Other
    $0
    Deferred
    $4,804
    Nontaxable benefits
    $13,290
    Filer's total
    $176,738

  • Dawn Bausch

    VP OF ADMINISTRATION

    Total calculated
    $108,364
    From this org
    $105,208
    From related orgs
    $0
    Other
    $3,156
    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. 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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 March 2024
IRS schema version
2022v5.0
Source object
202410759349300246

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