World Cocoa Foundation Inc

Organization Overview

World Cocoa Foundation Inc is located in Washington, DC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. World Cocoa Foundation 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 12/2022, World Cocoa Foundation Inc generated $6.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

COCOAACTION BRASIL IS A PIONEERING MODEL FOR COCOA SUSTAINABILITY THAT HELPS PRIVATE SECTOR COMPANIES WORK TOGETHER ACROSS THE SUPPLY CHAIN, SPEAK WITH A UNIFIED VOICE WITH NATIONAL AND LOCAL GOVERNMENTS, AND LEARN TOGETHER THROUGH A CONSOLIDATED MONITORING AND EVALUATION SYSTEM. LEADING MEMBERS OF BRAZIL'S CHOCOLATE AND COCOA SECTOR LAUNCHED "COCOAACTION BRASIL" TO ADDRESS A RANGE OF SUSTAINABILITY ISSUES IN THE COUNTRY'S COCOA SECTOR, IN OCTOBER 2018. COCOAACTION BRASIL WORKS TO FIND SOLUTIONS THAT INCREASE PRODUCTIVITY, IMPROVE THE QUALITY OF BRAZIL'S COCOA, INCLUDING CONTROLLING PESTS AND DISEASES, IMPROVE FARMERS' LIVING AND WORKING CONDITIONS, STRENGTHEN FARMERS ORGANIZATIONS, AND SUPPORT SUSTAINABLE FOREST-POSITIVE COCOA PRODUCTION SYSTEMS.ALL ACTIVITIES ARE IMPLEMENTED BY ENGAGING MEMBERS AND PARTNERS THROUGHOUT THE SUPPLY CHAIN. COCOAACTION BRASIL HAS AN ESTIMATED DURATION OF FIVE YEARS, FROM 2018 TO 2022.


DEFORESTATION IS A MAJOR ISSUE IN CTE D'IVOIRE AND GHANA, WHICH TOGETHER PRODUCE NEARLY TWO-THIRDS OF THE WORLD'S SUPPLY OF COCOA. CTE D'IVOIRE AND GHANA RESPECTIVELY LOST 25% AND 8% OF THEIR PRIMARY FOREST BETWEEN 2002-2019, WITH A SIGNIFICANT PORTION OF DEFORESTATION DUE TO COCOA FARMING. AT THE NOVEMBER 2017 UN CLIMATE CHANGE CONFERENCE (COP23), THE GOVERNMENTS OF CTE D'IVOIRE AND GHANA AND LEADING CHOCOLATE AND COCOA COMPANIES SIGNED THE COCOA & FORESTS INITIATIVE FRAMEWORKS FOR ACTION. IN MARCH 2019, ANOTHER MILESTONE WAS REACHED TO STRENGTHEN TRANSPARENCY AND ACCOUNTABILITY IN THE COCOA SUPPLY CHAIN: THE SIGNATORIES RELEASED ACTION PLANS THAT SPELL OUT CONCRETE STEPS TO END COCOA-RELATED DEFORESTATION. THE ACTION PLANS FOCUS ON: FOREST PROTECTION AND RESTORATION, SUSTAINABLE COCOA PRODUCTION AND FARMERS' LIVELIHOODS, COMMUNITY ENGAGEMENT AND SOCIAL INCLUSION. IN 2020, THE COCOA & FORESTS INITIATIVE REPORTED ON THE FIRST TWO YEARS OF IMPLEMENTATION.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Hystra Hybird Strategies Consulting
$257,359
P&a Ltda
$196,500
Hogan Lovells Us Llp
$135,000
Cargill Bv
$82,333
Vincent Awotwe-pratt
$78,557
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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $3,932,934
Interest on Savings $0
Dividends & Interest $44,232
Net Rental Income$0
Net Gain on Sale of Assets $1,296
Capital Gain Net Income $1,296
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,861,545
Total Revenue $6,840,007

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