Greater Dayton Union Cooperative Initiative Inc
- Assets
- $4.1m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Dayton, OH
- Founding
- 10/2016
- Data as of
- 04/2022
- EIN
- 81-3470466
Organization Overview
Greater Dayton Union Cooperative Initiative Inc is located in Dayton, OH. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 04/2022, Greater Dayton Union Cooperative Initiative Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Dayton Union Cooperative Initiative 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 04/2022, Greater Dayton Union Cooperative Initiative Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 42.0% each year . All expenses for the organization totaled $703.8k during the year ending 04/2022. While expenses have increased by 37.5% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREATER DAYTON UNION COOPERATIVE INITIATIVE INC INCUBATES COOPERATIVE BUSINESSES TO CREATE AND RETAIN GOOD JOBS IN OUR REGION, BUILDING A LOCAL ECONOMY THAT WORKS FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GDUCI SUPPORTED COOPERATIVES IN DAYTON TO PROVIDE SERVICES TO THE COMMUNITY THAT ARE NOT BEING PROVIDED BY THE PRIVATE MARKET OR GOVERNMENT, INCLUDING FOOD ACCESS, HEALTH AND WELLNESS EDUCATION, TRAUMA INFORMED PERINATAL SUPPORT AND ACCESS TO STEM TOOLS AND TECHNOLOGY.
GDUCI FACILITATED A TRAINING AND BUSINESS ACCELERATOR PROGRAM THAT SERVED UNDERREPRESENTED BUSINESS FOUNDERS IN STARTING COOPERATIVE BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lela Klein Director | Trustee | 40 | $57,698 |
Claudia Cortez Treasurer | Officer | 0.5 | $0 |
Matthew Currie President | Officer | 1 | $0 |
Etana Jacobi Vice President | Officer | 1 | $0 |
Keanna Daniels Secretary | Officer | 0.5 | $0 |
Erica Bruton Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $89,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,539,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,628,896 |
| Total Program Service Revenue | $13,589 |
| Investment income | $48,892 |
| 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 | $1,691,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $64,699 |
| 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. | $57,698 |
| Compensation of current officers, directors, key employees. | $5,770 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $205,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,721 |
| Payroll taxes | $23,234 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $457 |
| Fees for services: Accounting | $20,873 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,792 |
| Advertising and promotion | $7,149 |
| Office expenses | $27,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,315 |
| Interest | $22,107 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $703,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,702 |
| Savings and temporary cash investments | $383,076 |
| Pledges and grants receivable | $125,781 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,692,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $493 |
| Net Land, buildings, and equipment | $33,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,098,302 |
| Accounts payable and accrued expenses | $24,445 |
| 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 | $38,463 |
| Total liabilities | $62,908 |
| Net assets without donor restrictions | $2,984,592 |
| Net assets with donor restrictions | $1,050,802 |
| 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 | $4,098,302 |
Grants Awarded
Over the last fiscal year, Greater Dayton Union Cooperative Initiative Inc has awarded $55,803 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GEM CITY MARKET PURPOSE: Cooperative Support | $27,662 |
WEST SIDE MAKERSPACE PURPOSE: Cooperative Support | $11,181 |
937 DELIVERS COOPERATIVE PURPOSE: Cooperative Development | $6,000 |
GUIDED BY MUSHROOMS PURPOSE: Cooperative Development | $5,635 |
UNIFIED POWER PURPOSE: Cooperative Support | $5,325 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Greater Dayton Union Cooperative Initiative Inc has recieved totaling $117,450.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $40,000 |
Growth Opportunity Partners Inc Cleveland, OH PURPOSE: OH CLIMATE JUSTICE F | $27,450 |
Capital Impact Partners Arlington, VA PURPOSE: 2021 COOP INNOVATION AWARDEES | $25,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $20,000 |
Workers Lab Oakland, CA PURPOSE: Co-op Dayton Program Participation | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |