Cooperatives For A Better World
- Assets
- $714.8k
- Revenue
- $15.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Manchester, NH
- Founding
- 08/2017
- Data as of
- 12/2022
- EIN
- 81-3247254
Organization Overview
Cooperatives For A Better World is located in Manchester, NH. The organization was established in 2017. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cooperatives For A Better World employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperatives For A Better World is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COOPERATIVES FOR A BETTER WORLD IS WHOLLY DEDICATED TO EDUCATING AND SUPPORTING THE NEXT GENERATION OF COOPERATIVE BUSINESSES. WE DO THIS BY 1 GROWING THE ENTREPRENEUR PIPELINE AND STRENGTHEN THE COOPERATIVE ECOSYSTEM 2 EQUIPPING COOPERATIVE ENTREPRENEURS WITH THE SKILLS AND TOOLS FOR SUCCESS AND 3 CONNECTING COOPERATIVE BUSINESSES WITH THE CAPITAL THEY NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED GRANTS TO 7 ACCELERATOR GRADUATES THROUGH OUR QUANTUM LEAP FUND PROGRAM AND GRANTS TO 3 GRADUATES THROUGH FISCAL SPONSORSHIP.
COOPERATIVES FOR A BETTER WORLD RAN A BUSINESS ACCELERATOR WITH 9 COOPERATIVES AND 20 PARTICIPANTS. IN PARTNERSHIP WITH AARP FOUNDATION, WE DESIGNED AN OUTREACH STRATEGY, TAILORED RESOURCES, AND CURATED LEARNING OPPORTUNITIES FOCUSED ONCOOPERATIVE ENTREPRENEURSHIP AND THAT DIRECTLY ADDRESS OLDER ADULTS' INTERESTS AND PRIORITIES. AFTER, WE RAN AN 8-WEEK INCUBATOR PROGRAM WITH 24 PARTICIPANTS DESIGNED TO HELP ENTREPRENEURS EXPLORE AND DEVELOP THEIR BUSINESS IDEAS INTO THE BEGINNINGS OF ABUSINESS. WE DEVELOPED A FISCAL SPONSORSHIP PROGRAM WHICH IS SERVING THREE COOPERATIVE GRADUATES OF OUR ACCELERATOR PROGRAM. WE CONTINUE TO PROVIDE OVER 100 COACHING HOURS TO THE GRADUATES OF OUR PROGRAMS. WE HOSTED A SERIES OF EDUCATIONAL OPPORTUNITIES FOR PEOPLE EXPLORING COOPS. WE COMPLETED OVER 100 HOURS OF COACHING AND ADVISING TO PRE-ACCELERATOR COOPERATIVES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin J Lowery Director | Trustee | 0.25 | $0 |
Elizabeth A Bailey Director | Trustee | 0.25 | $0 |
Jen Horonjeff Director | Trustee | 0.25 | $0 |
Stephen Bediako Director | Trustee | 0.25 | $0 |
Howard Brodsky President | Officer | 0.25 | $0 |
Helene Lesterlin Vice President | Officer | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,150,626 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,150,626 |
| Total Program Service Revenue | $375,876 |
| Investment income | $6,123 |
| 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 | $15,533,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,875,616 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $40,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,694 |
| Pension plan accruals and contributions | $4,750 |
| Other employee benefits | $0 |
| Payroll taxes | $15,706 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,869 |
| Fees for services: Accounting | $6,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,174 |
| Advertising and promotion | $1,670 |
| Office expenses | $6,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,606 |
| 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 | $2,496 |
| All other expenses | $1,063 |
| Total functional expenses | $15,371,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $623,263 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,035 |
| 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 | $1,490 |
| 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 | $714,788 |
| Accounts payable and accrued expenses | $24,115 |
| 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 | $4,045 |
| Total liabilities | $28,160 |
| Net assets without donor restrictions | $673,273 |
| Net assets with donor restrictions | $13,355 |
| 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 | $714,788 |
Grants Awarded
Over the last fiscal year, Cooperatives For A Better World has awarded $14,875,616 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
CAREFULLY INC PURPOSE: Supporting cooperative growth | $20,000 |
SMAT LTD PURPOSE: Supporting cooperative growth | $20,000 |
STYLECRUSH COOPERATIVE INC PURPOSE: Supporting cooperative growth | $20,000 |
THE GUILD PURPOSE: Supporting cooperative growth | $20,000 |
TRIBEWORKS INC PURPOSE: Fiscal sponsorship program | $14,630,616 |
THE NEARNESS LCA PURPOSE: Fiscal sponsorship program | $165,000 |