Cooperative Ministry
- Assets
- $4.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 19
- Location
- Columbia, SC
- Founding
- 08/1988
- Data as of
- 06/2023
- EIN
- 57-0825025
Organization Overview
Cooperative Ministry is located in Columbia, SC. The organization was established in 1988. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2023, Cooperative Ministry employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Ministry 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 06/2023, Cooperative Ministry generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $6.1m during the year ending 06/2023. While expenses have increased by 6.1% 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
THE ORGANIZATION'S MISSION IS TO INCREASE THE ECONOMIC SELF-SUFFICIENCY OF PEOPLE EXPERIENCING POVERTY IN THE MIDLANDS THROUGH CRISIS ASSISTANCE AND SUSTAINABILITY PROGRAMS. THE MINISTRY PROVIDES GUIDANCE, COUNSELING, REFERRALS, AND DIRECT FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH PROGRAMS - PROVIDE ASSISTANCE FOR MEDICAL NEEDS
FINANCIAL SUSTAINABILITY:FINANCIAL EMPOWERMENT - ONE ON ONE COACHING THAT PROVIDES AID TO HELP INDIVIDUALS IMPROVE THEIR OVERALL FINANCIAL WELL-BEINGCAREER IMPROVEMENT - AIMS TO REDUCE BARRIERS TO PROVIDE MORE PRODUCTIVE ENGAGEMENT IN THE WORKFORCE, TARGETING ADULTS WHO WISH TO ENHANCE THEIR QUALIFICATIONS FOR JOBS THAT ENABLE HOUSEHOLDS TO BE FINANCIALLY SELF-SUFFICIENTTAX SERVICES - PROVIDE TAX PREPARATION AND GENERAL COUNSELING
CLOTHING AND FURNITURE BANK - SERVES CLIENTS AS WELL AS OTHER COMMUNITY EMERGENCY RELIEFAGENCIES AND SHELTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Irick CEO | Officer | 40 | $114,650 |
Akili Harris CFO | Officer | 40 | $105,331 |
Wanda Pearson Cpo | Officer | 40 | $79,704 |
Rev Wes Church Director | Trustee | 1 | $0 |
Mark Scriven Director | Trustee | 1 | $0 |
Chief William Skip Holbrook Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $10,012 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,205,373 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,915,690 |
| Total Program Service Revenue | $0 |
| Investment income | $14,796 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,150 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $42,355 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,032,984 |
| 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. | $311,083 |
| Compensation of current officers, directors, key employees. | $124,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $590,847 |
| Pension plan accruals and contributions | $12,603 |
| Other employee benefits | $89,208 |
| Payroll taxes | $66,625 |
| 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 | $10,697 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,238 |
| 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 | $73,247 |
| Insurance | $27,621 |
| All other expenses | $117,938 |
| Total functional expenses | $6,072,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $671,817 |
| Savings and temporary cash investments | $1,095,000 |
| Pledges and grants receivable | $436,126 |
| 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 | $10,529 |
| Net Land, buildings, and equipment | $1,844,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,057,602 |
| Accounts payable and accrued expenses | $338,853 |
| 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 | $338,853 |
| Net assets without donor restrictions | $3,565,344 |
| Net assets with donor restrictions | $153,405 |
| 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 | $4,057,602 |