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.
Form
990PF
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Martin Short Left 10-22-2022 President | 44 | $381,733 | |
Chris Vincent Started 10-24-2022 President | 44 | $314,690 | |
Alexander Ferguson VP Comm. And Members | 44 | $220,065 | |
Joy Whitlow CFO | 44 | $192,539 | |
Ethan Budiansky Senior Dir.-Environm | 44 | $160,049 | |
Michael Matarasso Dir. Of Monitoring A | 44 | $137,022 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Hystra Hybird Strategies Consulting | 12/30/22 | $257,359 |
P&a Ltda | 12/30/22 | $196,500 |
Hogan Lovells Us Llp | 12/30/22 | $135,000 |
Cargill Bv | 12/30/22 | $82,333 |
Vincent Awotwe-pratt | 12/30/22 | $78,557 |
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 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $696,423 |
Other employee salaries and wages | $1,782,807 |
Pension plans, employee benefits | $619,574 |
Interest | $0 |
Taxes | $3,766 |
Depreciation | $15,427 |
Occupancy | $247,613 |
Travel, conferences, and meetings | $340,502 |
Printing and publications | $0 |
Other expenses | $761,112 |
Total operating and administrative expenses | $6,369,722 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $6,369,722 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $76,874 |
Savings and temporary cash investments | $7,205,484 |
Net Accounts receivable | $0 |
Net Pledges Receivable | $0 |
Grants receivable | $728,618 |
Receivables from Officers, Directors, or Controlling Persons | $0 |
Net other notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $98,352 |
Net Investments - land, buildings, equipment | $0 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $234,138 |
Other assets | $817,930 |
Total assets | $9,161,396 |
Accounts payable and accrued expenses | $576,121 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $2,161,673 |
Total liabilities | $2,737,794 |
Organization Name | Assets | Revenue |
---|---|---|
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Cognizant Us Foundation Washington, DC | $53,711,221 | $1,081,755 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |
Stephen And Renee Bisciotti Foundation Inc Baltimore, MD | $229,911,583 | $55,799,955 |
Norman R Rales And Ruth Rales Foundation Washington, DC | $221,982,032 | $95,551,218 |
T Rowe Price Foundation Baltimore, MD | $114,583,054 | $23,335,778 |
Edward C And Linda Dresner Levy Foundation Reston, VA | $6,482,787 | $4,609,179 |
Mann-Paller Foundation Inc Bethesda, MD | $80,615,648 | $30,572,645 |
Northrop Grumman Foundation Falls Church, VA | $33,455,291 | $16,167,307 |
Regent Philanthropic Foundation Inc Hunt Valley, MD | $5,466,613 | $606,006 |