Cooperative Business Assistance Corporation
- Assets
- $27.1m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Camden, NJ
- Founding
- 07/1988
- Data as of
- 06/2023
- EIN
- 22-2807816
Organization Overview
Cooperative Business Assistance Corporation is located in Camden, NJ. The organization was established in 1988. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, Cooperative Business Assistance Corporation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Business Assistance Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Cooperative Business Assistance Corporation generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $2.5m during the year ending 06/2023. While expenses have increased by 4.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC AND COMMUNITY DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ECONOMIC ASSISTANCE TO BUSINESS ENTERPRISES IN SOUTHERN NEW JERSEY AND PHILADELPHIA, PA BY PROVIDING TECHNICAL AND FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Stone Pres/non-Voting | Officer | 40 | $340,226 |
Steven M Winheld CFO | Officer | 40 | $135,500 |
Barbara Anne Gardnerhire-Mills Compl/engage Off | 40 | $116,523 | |
Brian C Stone Finance/technical | 40 | $101,687 | |
Adam Butter Member | Trustee | 0 | $0 |
Patricia Boyle Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,296,277 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,296,277 |
| Total Program Service Revenue | $655,888 |
| Investment income | $55,505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,007,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $572,700 |
| Compensation of current officers, directors, key employees. | $572,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,989 |
| Pension plan accruals and contributions | $76,700 |
| Other employee benefits | $86,647 |
| Payroll taxes | $72,792 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,140 |
| Fees for services: Accounting | $17,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,100 |
| Advertising and promotion | $4,549 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,862 |
| Travel | $21,186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $167,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,769 |
| Insurance | $20,009 |
| All other expenses | $71,763 |
| Total functional expenses | $2,478,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,162,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $603,212 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,187,390 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,020 |
| Net Land, buildings, and equipment | $109,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $27,073,706 |
| Accounts payable and accrued expenses | $178,609 |
| Grants payable | $0 |
| Deferred revenue | $651,790 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,063,331 |
| Total liabilities | $14,893,730 |
| Net assets without donor restrictions | $7,408,115 |
| Net assets with donor restrictions | $4,771,861 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $27,073,706 |