The Cooperative Impact Lab
- Assets
- $186.7k
- Revenue
- $678.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- Data as of
- 12/2023
- EIN
- 83-1002641
Organization Overview
The Cooperative Impact Lab is located in Washington, DC. As of 12/2023, Cooperative Impact Lab employed 3 individuals. Cooperative Impact Lab is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Cooperative Impact Lab generated $678.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $838.8k during the year ending 12/2023. While expenses have increased by 17.5% 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.
Since 2020, Cooperative Impact Lab has awarded 41 individual grants totaling $2,904,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, CIL PROVIDED COACHING AND TRAINING FOR HUNDREDS OF CHARITABLE AND SOCIAL ADVOCACY NONPROFIT ORGANIZATIONS TO ALLEVIATE FINANCE, OPERATION, DATA, AND TECHNOLOGIES THAT HINDER THE ADVANCEMENT OF THEIR MISSIONS. IN ADDITION TO COACHING AND TRAINING, CIL INVESTED SIGNIFICANT HUMAN AND FINANCIAL RESOURCES IN THE EXPERIMENTAL DEVELOPMENT OF ARTIFICIAL INTELLIGENCE DRIVEN TOOLS AND RESOURCES TO HELP ALLEVIATE THE HIGH COSTS OF OPERATING JUSTICE DRIVEN NONPROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katharine Gage Executive Director | Officer | 40 | $144,993 |
Mariana Ruiz Chair And Director | OfficerTrustee | 1 | $0 |
James Bradach Sec.-Treas. & Director | OfficerTrustee | 1 | $0 |
Nick Chedli Carter Director | Trustee | 1 | $0 |
Esteban Kelly Director (until 11/9/2023) | Trustee | 1 | $0 |
Tatenda Musapatike Director (until 11/9/2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Notnxrmal Llc Program Services | 12/30/21 | $153,256 |
The Movement Cooperative Technology Licenses | 12/30/21 | $186,342 |
Oluwakemi Oso Program Services | 12/30/21 | $135,656 |
Harold Moore Program Services | 12/30/21 | $122,650 |
Wolf And Associates Llc Operations And Program Services | 12/30/21 | $181,250 |
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 | $678,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678,105 |
| Total Program Service Revenue | $0 |
| 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 | $678,105 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,500 |
| 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. | $159,407 |
| Compensation of current officers, directors, key employees. | $30,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $151,555 |
| Pension plan accruals and contributions | $4,944 |
| Other employee benefits | $15,472 |
| Payroll taxes | $24,379 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,307 |
| Fees for services: Accounting | $33,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,920 |
| Advertising and promotion | $0 |
| Office expenses | $1,134 |
| Information technology | $14,029 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,391 |
| All other expenses | $130 |
| Total functional expenses | $838,839 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,493 |
| 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 | $186,732 |
| Accounts payable and accrued expenses | $8,495 |
| 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 | $8,495 |
| Net assets without donor restrictions | $44,514 |
| Net assets with donor restrictions | $133,723 |
| 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 | $186,732 |
Grants Awarded
Over the last fiscal year, The Cooperative Impact Lab has awarded $79,500 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
CACNA1A FOUNDATION INC PURPOSE: GENERAL SUPPORT | $6,000 |
CALDWELL HAYS EXAMINER PURPOSE: GENERAL SUPPORT | $6,000 |
CURE VCP DISEASE PURPOSE: GENERAL SUPPORT | $6,000 |
CUREGRIN FOUNDATION PURPOSE: GENERAL SUPPORT | $8,700 |
NEC SOCIETY PURPOSE: GENERAL SUPPORT | $6,000 |
TATTON BROWN RAHMAN SYNDROME COMMUNITY INC PURPOSE: GENERAL SUPPORT | $6,000 |