Community Cooperative
- Assets
- $370.4k
- Revenue
- $723.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 61-1871636
Organization Overview
Community Cooperative is located in Washington, DC. The organization was established in 2019. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Cooperative 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, Community Cooperative generated $723.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $501.9k during the year ending 12/2021. While expenses have increased by 26.0% per year over the past 2 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
COMMUNITY COOPERATIVE'S MISSION IS TO SUPPORT ENTREPRENEURS AND ORGANIZATIONS WORKING TO ADVANCE THE COOPERATIVE ECONOMY THROUGH CONNECTION TO FUNDING, TRAINING, WORKSHOPS, NETWORKS AND OTHER RESOURCES AND TOOLS THAT NECESSARY FOR THEIR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY COOPERATIVE SUPPORTED FIVE DIFFERENT INITIATIVES THAT WORKED TO PROMOTE COOPERATIVE OWNERSHIP AND STRUCTURES THAT ADVANCE WORKER WELL-BEING, PROTECT THE ENVIRONMENT AND CREATE A MORE JUST WORLD. THIS INCLUDED HELPING LAUNCH A NEW PURCHASING COOPERATIVE IN BOSTON AND EXPLORATION IN SEVERAL OTHER CITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felipe Witchger President | Officer | 1 | $78,652 |
Paul Hazen Director | Officer | 0.25 | $0 |
Martin Trimble Director | Officer | 0.25 | $0 |
Boris Sigal Treasurer | Officer | 1 | $0 |
Justin Rydstrom Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,912 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,102 |
| Total Program Service Revenue | $139,976 |
| 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 | $723,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $184,372 |
| 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. | $78,652 |
| 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 | $2,901 |
| Fees for services: Accounting | $1,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,735 |
| Advertising and promotion | $0 |
| Office expenses | $23,078 |
| Information technology | $237 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $111 |
| 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 | $1,300 |
| All other expenses | $0 |
| Total functional expenses | $501,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $342,086 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,268 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,354 |
| Accounts payable and accrued expenses | $26,552 |
| Grants payable | $0 |
| Deferred revenue | $50,758 |
| 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 | $77,310 |
| Net assets without donor restrictions | $293,044 |
| 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 | $370,354 |
Grants Awarded
Over the last fiscal year, Community Cooperative has awarded $183,094 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY PURCHASING ALLIANCE PURPOSE: Pass through grant | $134,074 |
Jamaica, NY PURPOSE: Pass through grant | $49,020 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Cooperative has recieved totaling $75,254.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $50,000 |
Center For Action And Contemplation Inc Albuquerque, NM PURPOSE: COLLABORATIVE THAT SUPPORTS NEW INVESTMENT AND ENTERPRISE DEVELOPMENT PRACTICES, DRAWING FROM CATHOLIC SOCIAL TEACHING (CST) THROUGH EDUCATIONAL WORKSHOPS, RELATIONSHIP-BUILDING AND ACCOMPANIMENT, THOUGHT LEADERSHIP AND MOVEMENT BUILDING ACTIVITIES, AND WORKING WITH INSTITUTIONS TO CREATE ALTERNATIVE ECONOMIC AND ORGANIZATIONAL MODELS. | $15,000 |
The Piton Foundation Denver, CO PURPOSE: COMMUNITY COOPERATIVE IS THE FISCAL AGENT NOT RMEOC. SUPPORT RMEOC GIVEN THEIR UNIQUE POSITION AS LEADERS FOR EMPLOYEE-OWNERSHIP CONTENT, AWARENESS, AND POLICY IN THE ROCKY MOUNTAIN REGION. RMEOC PROVIDES CONSULTING SERVICES TO BUSINESS OWNERS, GOVERNMENTS AND PROFESSIONALS. BUILD RELATIONSHIP WITH RMEOC AND INFLUENCE THEIR WORK ON EMPLOYEE-OWNERSHIP INITIATIVES AND THEIR IMPACT IN LOW-INCOME COMMUNITIES. | $10,254 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Innovations For Poverty Action Washington, DC | $30,811,263 | $47,809,311 |
American Schools Of Oriental Research Alexandria, VA | $6,291,200 | $2,203,920 |
Consortium Of Social Science Associations Washington, DC | $825,866 | $659,932 |
Foundation For Chemistry Research And Initiatives Washington, DC | $3,334,871 | $2,190,170 |
Community Cooperative Washington, DC | $370,354 | $723,078 |
International Aloe Science Council Inc Silver Spring, MD | $117,928 | $443,436 |
Korean American Education Foundation Rockville, MD | $1,139,864 | $313,802 |
National Association Of Multicultural Education Washington, DC | $552,073 | $206,348 |
North American Regional Science Council Inc Reston, VA | $514,021 | $131,878 |
Terror Free Tomorrow Washington, DC | $0 | $20,274 |
J C Watts Foundation Inc Washington, DC | $2,084 | $7,100 |