Cooperative Development Fund Of Cds
- Assets
- $1.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 03/1986
- Data as of
- 08/2023
- EIN
- 39-1540529
Organization Overview
Cooperative Development Fund Of Cds is located in Eagan, MN. The organization was established in 1986. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Development Fund Of Cds 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 08/2023, Cooperative Development Fund Of Cds generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $949.3k during the year ending 08/2023. While expenses have increased by 16.6% 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, THE COOPERATIVE DEVELOPMENT FUND OF CDS HAD 18 ACTIVE FISCAL SPONSORSHIP AGREEMENTS IN FORCE. THESE CLIENTS COLLECTIVELY GENERATED CHARITABLE CONTRIBUTIONS TOTALING $931,000 AND RECEIVED FOUNDATION GRANTS OF $363,000. IN FY23, THE FUND WAS RECOGNIZED AS THE RECIPIENT OF A $750,000 CONGRESSIONAL APPROPRIATION TO SUPPORT CONSTRUCTION OF A FOOD CO-OP IN ILLINOIS; THE FUND WILL RECEIVE THE AWARD IN FY24 VIA A GRANT FROM THE US DEPT. OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Edberg Executive Director | Officer | 10 | $0 |
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 | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,308,720 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,308,720 |
| Total Program Service Revenue | $0 |
| Investment income | $777 |
| 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 | $1,309,497 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,027 |
| Fees for services: Accounting | $7,467 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,900 |
| Advertising and promotion | $0 |
| Office expenses | $3,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $393 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $663 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $949,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,091 |
| Savings and temporary cash investments | $1,096,652 |
| Pledges and grants receivable | $250 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,236,003 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,927 |
| Total liabilities | $10,927 |
| Net assets without donor restrictions | $122,393 |
| Net assets with donor restrictions | $1,102,683 |
| 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 | $1,236,003 |
Grants Awarded
Over the last fiscal year, Cooperative Development Fund Of Cds has awarded $330,721 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBUS COOP GROCERY | | | $34,270 |
CORNER CHURCH | | | $10,000 |
LOVETSVILLE COOP MARKET | | | $7,635 |
UNDERGROUND NETWORK | | | $10,000 |
SHARED CAPITAL COOPERATIVE | | | $250,000 |
WILD ROOT MARKET COOP | | | $18,816 |