Cooperative Development Fund Of Cds
- Assets
- $866.7k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Eagan, MN
- Founding
- 03/1986
- Data as of
- 08/2022
- 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 08/2022, Cooperative Development Fund Of Cds generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $983.6k during the year ending 08/2022. While expenses have increased by 17.2% 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
2022
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 FY22, THE COOPERATIVE DEVELOPMENT FUND OF CDS HAD FISCAL SPONSORSHIP SERVICES AGREEMENTS IN PLACE WITH 33 ORGANIZATIONS; OF THOSE 33, 16 COMMUNITIES ACTIVELY USED OUR SERVICES TO GENERATE OVER $500,000 IN CHARITABLE CONTRIBUTIONS AND $540,000 IN FOUNDATION GRANTS TO ADVANCE COOPERATIVE DEVELOPMENT WORK, CREATE JOBS, AND PROVIDE NEEDED SERVICES. OF THESE CLIENTS, ONE COMPLETED THEIR MULTI-YEAR DEVELOPMENT PROJECT, RELOCATING AND EXPANDING THEIR PREVIOUS 1500 SQ. FT. RETAIL STORE TO A NEW 10,000 SQ. FT. GROCERY STORE IN DOWNTOWN MOUNT PLEASANT MI; IN ADDITION TO CREATING 12-15 NEW JOBS, THIS PROJECT ALSO SUPPORTED THE DEVELOPMENT OF 30 UNITS OF WORKFORCE AFFORDABLE HOUSING IN THE COMMUNITY. A SECOND SIGNIFICANT ACCOMPLISHMENT WAS A $500,000 FISCALLY SPONSORED GRANT TO SHARED CAPITAL COOPERATIVE; GRANT FUNDS ARE BEING USED TO REFINANCE/SUPPORT WORKER-OWNED CO-OP BORROWERS AND ULTIMATELY WILL EXPAND THE COOPERATIVE LENDING CAPACITY OF SHARED CAPITAL CO-OP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Deelstra Chairman | OfficerTrustee | 1 | $0 |
Collie Graddick Vice Chair | OfficerTrustee | 1 | $0 |
Jen Mccubbin Treasurer | OfficerTrustee | 1 | $0 |
Ann Fedorchak Secretary | OfficerTrustee | 1 | $0 |
Kevin Edberg Executive Director | Officer | 10 | $0 |
Sadie Frericks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,041 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,235,394 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,435 |
| Total Program Service Revenue | $0 |
| Investment income | $364 |
| 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 | $1,248,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $486,600 |
| 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 | $9,197 |
| Fees for services: Accounting | $8,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $358 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,165 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $983,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,971 |
| Savings and temporary cash investments | $753,743 |
| Pledges and grants receivable | $0 |
| 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 | $866,724 |
| Accounts payable and accrued expenses | $1,885 |
| 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 | $0 |
| Total liabilities | $1,885 |
| Net assets without donor restrictions | $111,157 |
| Net assets with donor restrictions | $753,682 |
| 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 | $866,724 |
Grants Awarded
Over the last fiscal year, Cooperative Development Fund Of Cds has awarded $330,721 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SHARED CAPITAL COOPERATIVE | | | $250,000 |
COLUMBUS COOP GROCERY | | | $34,270 |
WILD ROOT MARKET COOP | | | $18,816 |
Minneapolis, MN | | $10,000 |
Tampa, FL | | $10,000 |
LOVETSVILLE COOP MARKET | | | $7,635 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Cooperative Development Fund Of Cds has recieved totaling $74,805.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $37,375 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $25,430 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $6,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $3,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sibley Medical Center Arlington, MN | $31,684,088 | $18,300,359 |
Be The Match Foundation Minneapolis, MN | $21,284,478 | $21,167,274 |
The Burke Foundation Inc Milwaukee, WI | $121,362,007 | $6,169,378 |
Stratis Health Minneapolis, MN | $5,273,023 | $5,800,389 |
Saint Therese St Louis Park, MN | $14,478,951 | $6,726,617 |
Vine And Branches Foundation Inc Brookfield, WI | $8,641,827 | $2,521,561 |
Association Of State Floodplain Managers Inc Madison, WI | $3,465,086 | $3,791,524 |
Hope Haven Support Foundation Rock Valley, IA | $16,499,629 | $3,667,660 |
Butler Family Foundation Dubuque, IA | $48,442,192 | $3,565,783 |
The Lifespace Foundation West Des Moines, IA | $10,594,688 | $4,860,714 |
Realty Holdings Inc Of The Quad Cities Community Foundation Bettendorf, IA | $2,330,664 | $13,430 |
Guardian Angels Of Elk River Inc Elk River, MN | $19,468,009 | $4,444,472 |