Cooperative Development Services Inc
- Assets
- $160.8k
- Revenue
- $497.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Eagan, MN
- Founding
- 03/1986
- Data as of
- 08/2023
- EIN
- 39-1533679
Organization Overview
Cooperative Development Services Inc is located in Eagan, MN. The organization was established in 1986. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 08/2023, Cooperative Development Services Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Development Services Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 08/2023, Cooperative Development Services Inc generated $497.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $511.9k during the year ending 08/2023. While expenses have increased by 11.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP START AND GROW COOPERATIVELY OWNED ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN FY23, COOPERATIVE DEVELOPMENT SERVICES PROVIDED VALUABLE EDUCATIONAL AND BUSINESS DEVELOPMENT EDUCATIONAL PROGRAMS TO OVER 150 INCORPORATED CO-OPS AND OVER 20 UNINCORPORATED STARTUP COMMITTEES. OVER 100 SENIOR HOUSING CO-OPS PARTICIPATED IN OUR EDUCATIONAL CONFERENCE AND WORKSHOPS; EDUCATION PROGRAMS IN THE AGRICULTURAL SECTOR REACHED ALMOST 50 CO-OPS; WE CONTINUE TO GROW OUR PORTFOLIO OF WORKER OWNED CO-OP STARTUPS AND CONVERSIONS. GRANT WRITING WORK RESULTED IN OVER $100,000 FOR CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Edberg Executive Director | Officer | 40 | $101,122 |
Alison Deelstra Chairman | OfficerTrustee | 1 | $0 |
Collie Graddick Vice Chair | OfficerTrustee | 1 | $0 |
Amy Fields Secretary | OfficerTrustee | 1 | $0 |
Marty Walsh Treasurer | OfficerTrustee | 1 | $0 |
Jen Mccubbin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $58,020 |
| Government grants | $229,738 |
| 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 | $287,758 |
| Total Program Service Revenue | $209,248 |
| Investment income | $782 |
| 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 | $497,788 |
| 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. | $116,067 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,458 |
| Pension plan accruals and contributions | $6,066 |
| Other employee benefits | $39,729 |
| Payroll taxes | $19,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,313 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,260 |
| Advertising and promotion | $0 |
| Office expenses | $20,689 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $15,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,108 |
| Interest | $159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,503 |
| All other expenses | $0 |
| Total functional expenses | $511,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45 |
| Savings and temporary cash investments | $64,128 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $243 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,927 |
| Total assets | $160,795 |
| Accounts payable and accrued expenses | $33,664 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,637 |
| Total liabilities | $42,301 |
| Net assets without donor restrictions | $118,494 |
| Net assets with donor restrictions | $0 |
| 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 | $160,795 |