Cooperative Development Foundation
- Assets
- $11.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1956
- Data as of
- 12/2023
- EIN
- 23-7044533
Organization Overview
Cooperative Development Foundation is located in Washington, DC. The organization was established in 1956. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Development Foundation 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 12/2023, Cooperative Development Foundation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 7 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.
Since 2016, Cooperative Development Foundation has awarded 130 individual grants totaling $5,877,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP COOPERATIVES TO IMPROVE ECONOMIC OPPORTUNITIES FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
2) DEVELOPMENT - CDF PROVIDES COOPERATIVE DEVELOPMENT PROJECTS FOR WHICH WE PROVIDE PROGRAMMATIC AND/OR FINANCIAL SUPPORT, PARTICULARLY IN THE WORKER COOPERATIVE AND FOOD SECTORS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Griffin Executive Director | Officer | 24 | $0 |
Kirstie E Boyette Associate Director | 40 | $0 | |
Deborah Trocha Director | Trustee | 1 | $0 |
Cornelius Blanding Director | Trustee | 1 | $0 |
Linda Tank Director | Trustee | 1 | $0 |
John Holdsclaw IV Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $293,410 |
| Related organizations | $0 |
| Government grants | $340,243 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,299,776 |
| Total Program Service Revenue | $17,293 |
| Investment income | $322,445 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153,778 |
| Net Income from Fundraising Events | -$51,397 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,741,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,453,014 |
| 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. | $107,500 |
| Compensation of current officers, directors, key employees. | $13,055 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,607 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $102,152 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,662 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $29,150 |
| Fees for services: Other | $267,516 |
| Advertising and promotion | $0 |
| Office expenses | $39,045 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,923 |
| Travel | $338,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $716 |
| Insurance | $7,575 |
| All other expenses | $238,414 |
| Total functional expenses | $2,825,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,804 |
| Savings and temporary cash investments | $513,093 |
| Pledges and grants receivable | $188,315 |
| Accounts receivable, net | $59,440 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $326,832 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,545 |
| Net Land, buildings, and equipment | $418 |
| Investments—publicly traded securities | $9,522,481 |
| Investments—other securities | $0 |
| Investments—program-related | $5,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,173,928 |
| Accounts payable and accrued expenses | $109,163 |
| Grants payable | $877,773 |
| Deferred revenue | $75,064 |
| 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 | $0 |
| Total liabilities | $1,062,000 |
| Net assets without donor restrictions | $3,646,847 |
| Net assets with donor restrictions | $6,465,081 |
| 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 | $11,173,928 |
Grants Awarded
Over the last fiscal year, Cooperative Development Foundation has awarded $1,328,671 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WISCONSIN FOUNDATION PURPOSE: Conference sponsorship and scholarship support | $22,000 |
US FEDERATION OF WORKER CO-OPS PURPOSE: Series of co-op clinics | $5,500 |
COLMENAR CONSULTING COOPERATIVE PURPOSE: Multimedia guide to addressing confllict | $10,000 |
NORTHCOUNTRY COOPERATIVE FOUNDATION PURPOSE: Support for limited equity housing cooperatives and Sponsorship of Common Ground conference | $37,000 |
RALPH K MORRIS FOUNDATION PURPOSE: Sponsorship of various cooperative education and leadership programs | $10,000 |
COOPERATION BUFFALO PURPOSE: Co-op academy sponsorship | $7,171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cooperative Development Foundation Washington, DC | $11,173,928 | $1,741,895 |
Chesapeake Business Finance Corp Bethesda, MD | $706,265 | $733,589 |
Jobs With Justice Education Fund Washington, DC | $338,888 | $753,171 |
Shenan Reid Riddick Foundation Fredericksburg, VA | $364,830 | $367,854 |
Our Daily Bread Employment Centerfund Inc Timonium, MD | $0 | $278 |
Eastern Shore Foundation Inc Machipongo, VA | $0 | $0 |