Cool Cooperative Inc
- Assets
- $62.7k
- Revenue
- $367.6k
- Investments
- $0.0
- Employees
- 4
- Location
- New Orleans, LA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4909146
Organization Overview
Cool Cooperative Inc is located in New Orleans, LA. The organization was established in 2014. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cool Cooperative Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cool Cooperative Inc 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 12/2021, Cool Cooperative Inc generated $367.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $327.5k during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE COOL COOPERATIVE IS TO INSPIRE AND TEACH MIDDLE AND HIGH SCHOOL STUDENTS FILMMAKING. WE SERVE AS MENTORS AND TRAINERS TO BRING UNDERSERVED COMMUNITIES TO WORK IN THE FILM INDUSTRY, ENCOURAGE CREATIVE ENTREPRENEURISM AND PROVIDE THEM WORKFORCE TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COOL COOPERATIVE (CREATING OUTSTANDING OPPORTUNITIES LOCALLY) EXISTS TO SERVE OUR COMMUNITY. WE ARE A PIPELINE AFTER-SCHOOL PROGRAM, MEANING THAT WE SERVE STUDENTS CONTINUALLY FROM MIDDLE SCHOOL THROUGH HIGH SCHOOL GRAUDATION. FOCUSING ON SCHOLASTIC AND WHOLE-PERSON DEVELOPMENT, COOL PROVIDES WORKFORCE TRAINING SPECIFIC TO THE FILM INDUSTRY. AS SUCH, BY THE TIME THEY FINISH HIGH SCHOOL, OUR STUDENTS WILL BE NOT ONLY WELL-POISED FOR COLLEGE, BUT THEY WILL ALSO BE READY TO ENTER INTO THE COMPETITIVE AND HIGH-PAYING JOB MARKETS OF THE FILM INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Kirby Voss Executive Director | Officer | 40 | $74,634 |
Felicia Stallard Board Chair | OfficerTrustee | 3 | $0 |
Susan Brennan Board Member | Trustee | 1 | $0 |
Jimmy Hornbeak Board Member | Trustee | 1 | $0 |
Chris Hitzman Board Member | Trustee | 1 | $0 |
Larry Holmes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,110 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,591 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $367,591 |
| 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. | $74,634 |
| Compensation of current officers, directors, key employees. | $74,634 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $91,476 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,755 |
| Payroll taxes | $13,485 |
| 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 | $0 |
| Advertising and promotion | $2,749 |
| Office expenses | $843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,800 |
| Travel | $1,903 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,278 |
| All other expenses | $80,598 |
| Total functional expenses | $327,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,893 |
| Savings and temporary cash investments | $0 |
| 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 | $8,873 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,900 |
| Total assets | $62,666 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $62,666 |
| 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 | $62,666 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cool Cooperative Inc has recieved totaling $33,347.
| Awarding Organization | Amount |
|---|---|
Baton Rouge Area Foundation Baton Rouge, LA PURPOSE: GENERAL SUPPORT | $25,000 |
The Greater New Orleans Foundation New Orleans, LA PURPOSE: FUND RAISING & FUND DISTRIBUTION | $8,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Film Society Austin, TX | $10,649,086 | $5,415,056 |
Austin Film Festival Inc Austin, TX | $1,971,197 | $2,811,402 |
Bffoundation Bentonville, AR | $329,044 | $1,253,355 |
Film Prize Foundation Inc Shreveport, LA | $278,226 | $842,166 |
Red River Film Society Inc Shreveport, LA | $3,219,020 | $1,069,891 |
Motion Media Arts Center Austin, TX | $1,044,155 | $668,816 |
New Orleans Video Access Center Inc New Orleans, LA | $172,461 | $745,448 |
Aurora Picture Show Houston, TX | $300,020 | $396,046 |
Ccff Austin, TX | $1,016,599 | $1,312,562 |
Arkansas Cinema Society Inc Little Rock, AR | $129,529 | $378,286 |
Houston Cinema Arts Society Houston, TX | $253,910 | $418,598 |
Okeefe Educational Media Gulfport, MS | $78,716 | $325,534 |