Cooperative For Education
- Assets
- $6.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 21
- Location
- Cincinnati, OH
- Founding
- 08/1997
- Data as of
- 12/2023
- EIN
- 31-1545464
Organization Overview
Cooperative For Education is located in Cincinnati, OH. The organization was established in 1997. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Cooperative For Education employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative For Education 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 For Education generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2023. 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
TO PROVIDE EDUCATIONAL IMPROVEMENT SERVICES AND OTHER CHARITABLE SERVICES TO FINANCIALLY STRESSED COMMUNITIES AND EDUCATION INSTITUTIONS AND EDUCATE NORTH AMERICANS ABOUT GUATEMALA, ITS POVERTY AND EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COED'S RISE YOUTH DEVELOPMENT PROGRAM GETS KIDS INTO SCHOOL AND ENSURES THEY CAN REACH THE MILESTONE OF HIGH-SCHOOL GRADUATION (FOCUSING PRIMARILY ON EVENING THE PLAYING FIELD FOR GIRLS, WHO ARE OFTEN THE FIRST TO BE PULLED OUT OF SCHOOL IN GUATEMALA). THE PROGRAM GOES FAR BEYOND A TRADITIONAL SCHOLARSHIP, PROVIDING TUTORING AND MENTORING, COMPREHENSIVE SOCIAL SUPPORT, AND PERSONAL DEVELOPMENT OPPORTUNITIES THAT TRANSFORM STUDENTS INTO THE NEXT GENERATION OF LEADERS. IN 2023, 740 GIRLS AND 191 BOYS BENEFITED FROM RISE.
THE BRIDGES PROGRAM CREATES AWARENESS THAT DRIVES PEOPLE AROUND THE WORLD TO ACTION THROUGH SERVICE, ENABLING INDIVIDUALS TO DISCOVER HOW THEIR GIFTS AND TALENTS CAN BEST BE CALLED FORTH TO HELP OTHERS. IN 2023, THE BRIDGES PROGRAM EDUCATED MORE THAN 900 INDIVIDUALS AROUND THE WORLD THROUGH 40 EDUCATIONAL PRESENTATIONS (BOTH VIRTUALLY AND IN-PERSON) AND INVOLVED 173 VOLUNTEERS IN DIRECT SERVICE ON TRIPS TO GUATEMALA.
COED'S SPARK READING PROGRAM TRANSFORMS STUDENTS INTO ENTHUSIASTIC, COMPETENT, AND LIFELONG READERS BY PROVIDING CHILDREN'S BOOKS TO IMPOVERISHED SCHOOLS IN RURAL GUATEMALA AND TRAINING TEACHERS IN BEST PRACTICES FOR EARLY LITERACY INSTRUCTION. THROUGHOUT 2023, THE PROGRAM TRAINED 243 TEACHERS FROM 30 SCHOOLS, BENEFITING 5,700 STUDENTS. STUDIES SHOW THAT KIDS IN SPARK CLASSROOMS TYPICALLY LEARN TWICE AS MUCH AS KIDS IN NON-SPARK CLASSROOMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aurora Lambert Member | Trustee | 1 | $0 |
John Berninger Member | Trustee | 1 | $0 |
Kenneth Petren Member | Trustee | 1 | $0 |
Laura Trujillo Member | Trustee | 1 | $0 |
Mary Geren Lutz Member | Trustee | 1 | $0 |
Molly Tyger Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $105,632 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,303,020 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,408,652 |
| Total Program Service Revenue | $302,195 |
| Investment income | $99,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,115 |
| Net Income from Fundraising Events | -$4,295 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,274,545 |
| 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 | $305,582 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,548 |
| Compensation of current officers, directors, key employees. | $9,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,468,726 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,886 |
| Payroll taxes | $138,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $247,027 |
| Advertising and promotion | $0 |
| Office expenses | $99,382 |
| Information technology | $55,409 |
| Royalties | $0 |
| Occupancy | $73,428 |
| Travel | $146,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,831 |
| Insurance | $8,629 |
| All other expenses | $643,543 |
| Total functional expenses | $3,661,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,679,307 |
| Savings and temporary cash investments | $1,680,070 |
| Pledges and grants receivable | $186,150 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $176,529 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,242,345 |
| Investments—publicly traded securities | $673,994 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $210,070 |
| Total assets | $6,848,465 |
| Accounts payable and accrued expenses | $662,119 |
| Grants payable | $0 |
| Deferred revenue | $67,735 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,211,350 |
| 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 | $148,394 |
| Total liabilities | $2,089,598 |
| Net assets without donor restrictions | $4,095,928 |
| Net assets with donor restrictions | $662,939 |
| 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 | $6,848,465 |