Form 990 for tax year 2022
Filed by COOPERATIVES FOR A BETTER WORLD.
Totals
- Total revenue
- $15,533,513
- Total expenses
- $15,371,885
- Contributions and grants received
- $15,150,626
- Grants paid
- $14,915,616
- Program service revenue
- $375,876
- Investment income
- $6,123
- Other revenue
- $888
- Total assets, end of year
- $714,788
- Total liabilities, end of year
- $28,160
- Net assets or fund balances, end of year
- $686,628
- Program services expenses (Part IX)
- $15,241,632
- Management and general expenses
- $130,253
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $15,241,632
Program services were 99.2% 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
$15,150,626
-
2a · Program service revenue: Consulting
total $149,167 · related or exempt $149,167
-
2b · Program service revenue: Fiscal Sponsor Income
total $226,709 · related or exempt $226,709
-
3 · Investment income
total $6,123 · related or exempt $6,123
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Misc Income
total $888 · related or exempt $888
-
11e · Other revenue, total
$888
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $14,875,616 · program services $14,875,616
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $40,000 · program services $40,000
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $230,694 · program services $156,291 · management and general $74,403
-
8 · Pension plan contributions
total $4,750 · management and general $4,750
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $15,706 · program services $12,344 · management and general $3,362
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $8,869 · management and general $8,869
-
11c · Fees: accounting
total $6,127 · management and general $6,127
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $164,174 · program services $151,211 · management and general $12,963
-
12 · Advertising and promotion
total $1,670 · program services $157 · management and general $1,513
-
13 · Office expenses
total $6,808 · program services $93 · management and general $6,715
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $5,606 · program services $1,929 · management and general $3,677
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,496 · management and general $2,496
-
24a · Other expenses: Pre & Post Graduate Gifts
total $3,993 · program services $3,993
-
24b · Other expenses: Dues & Subscriptions
total $2,000 · management and general $2,000
-
24c · Other expenses: Payroll Processing Fees
total $1,705 · management and general $1,705
-
24d · Other expenses: Miscellaneous
total $608 · management and general $608
-
24e · All other expenses
total $1,063 · program services -$2 · management and general $1,065
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $497,730 · end of year $623,263
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $37,500 · end of year $0
-
4 · Accounts receivable
beginning of year $2,500 · end of year $90,035
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $961 · end of year $1,490
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,304 · end of year $24,115
-
25 · Other liabilities
beginning of year $10,387 · end of year $4,045
-
27 · Net assets without donor restrictions
beginning of year $375,000 · end of year $673,273
-
28 · Net assets with donor restrictions
beginning of year $150,000 · end of year $13,355
Mission and programs · 2022
Mission
Cooperatives for a Better World is wholly dedicated to educating and supporting the next generation of cooperative businesses. We do this by 1 Growing the entrepreneur pipeline and strengthen the cooperative ecosystem 2 Equipping cooperative entrepreneurs with the skills and tools for success and 3 Connecting cooperative businesses with the capital they need to thrive.
-
We provided grants to 7 accelerator graduates through our Quantum Leap Fund program and grants to 3 graduates through fiscal sponsorship.
Expenses $14,936,372 · Grants $14,915,616 · Revenue $223,209
-
Cooperatives for a Better World ran a business accelerator with 9 cooperatives and 20 participants. In partnership with AARP foundation, we designed an outreach strategy, tailored resources, and curated learning opportunities focused oncooperative entrepreneurship and that directly address older adults' interests and priorities. After, we ran an 8-week incubator program with 24 participants designed to help entrepreneurs explore and develop their business ideas into the beginnings of abusiness. We developed a fiscal sponsorship program which is serving three cooperative graduates of our accelerator program. We continue to provide over 100 coaching hours to the graduates of our programs. We hosted a series of educational opportunities for people exploring coops. We completed over 100 hours of coaching and advising to pre-accelerator cooperatives.
Expenses $305,260 · Revenue $60,000
As filed on the 2022 return.
Listed in Part VII
-
Martin J Lowery
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Elizabeth A Bailey
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Jen Horonjeff
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Stephen Bediako
Director
- Total calculated
- $0
- Hours/week
- 0.25
-
Howard Brodsky
President
- Total calculated
- $0
- Hours/week
- 0.25
-
Helene Lesterlin
Vice President
- Total calculated
- $0
- Hours/week
- 0.25
-
Nathan Schneider
Secretary
- Total calculated
- $0
- Hours/week
- 0.25
-
Joseph Cureton
Treasurer
- Total calculated
- $0
- Hours/week
- 0.25
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
-
Tribeworks Inc
$14,630,616
Fiscal sponsorship program
-
The Nearness LCA
$165,000
Fiscal sponsorship program
-
Carefully Inc
$20,000
Supporting cooperative growth
-
SMAT LTD
$20,000
Supporting cooperative growth
-
Stylecrush Cooperative Inc
$20,000
Supporting cooperative growth
-
The Guild
$20,000
Supporting cooperative growth
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 5 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301869349300105
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