Coop Careers Inc
- Assets
- $4.2m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 365
- Location
- New York, NY
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-1457260
Organization Overview
Coop Careers Inc is located in New York, NY. The organization was established in 2019. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Coop Careers Inc employed 365 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coop Careers 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 12/2021, Coop Careers Inc generated $8.4m in total revenue. All expenses for the organization totaled $6.3m during the year ending 12/2021. While expenses have increased by 210.7% per year over the past 4 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
BUILDING A MOVEMENT OF DIVERSE, UPWARDLY MOBILE COLLEGE GRADS OVERCOMING UNDEREMPLOYMENT THROUGH DIGITAL SKILLS AND PEER CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES AN APPRENTICESHIP PROGRAM DESIGNED TO OVERCOME UNEMPLOYMENT AND UNDEREMPLOYMENT AMONG MINORITY AND FIRST GENERATION COLLEGE GRADUATES. THE PROGRAM IS OFFERED TO RECENT COLLEGE GRADUATES AND COLLEGE SENIORS, FREE OF CHARGE, WITH THE GOAL OF BUILDING "HARD" SKILLS AS WELL AS "SOFT SKILLS" THROUGH A FORMAL CURRICULUM. THE PROGRAM COMBINES CLASSROOM INSTRUCTION WITH PROJECT-BASED WORKSHOPS MEANT TO DEVELOP REAL WORLD EXPERIENCE. THE HARD SKILLS PORTION FOCUSES ON TEACHING SKILLS RELEVANT TO THE DIGITAL ECONOMY SUCH AS PROFICIENCY IN MICROSOFT EXCEL, GOOGLE ADS & ANALYTICS, SALESFORCE, SQL, HTML, AND TABLEAU, AND OTHER SKILLS RELEVANT TO OTHER CAREER FIELDS. THE "SOFT SKILLS" PORTION OF THE PROGRAM FOCUSES ON TEACHING SKILLS SUCH AS CAREER NAVIGATION, NETWORKING, RESUME AND COVER LETTER WRITING, EMAIL ETIQUETTE AND COMMUNICATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $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 | $8,345,118 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,345,118 |
| Total Program Service Revenue | $35,000 |
| 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 | $8,380,118 |
| 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. | $171,723 |
| Compensation of current officers, directors, key employees. | $20,949 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,131,722 |
| Pension plan accruals and contributions | $122,265 |
| Other employee benefits | $480,889 |
| Payroll taxes | $376,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,639 |
| Fees for services: Accounting | $76,897 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $367,675 |
| Advertising and promotion | $5,686 |
| Office expenses | $34,366 |
| Information technology | $199,409 |
| Royalties | $0 |
| Occupancy | $18,131 |
| Travel | $21,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130,217 |
| Interest | $1,316 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,910 |
| Insurance | $6,450 |
| All other expenses | $0 |
| Total functional expenses | $6,270,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,711,892 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,060 |
| 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 | $23,642 |
| Investments—publicly traded securities | $28,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,159,202 |
| Accounts payable and accrued expenses | $111,831 |
| 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 | $111,831 |
| Net assets without donor restrictions | $2,030,830 |
| Net assets with donor restrictions | $2,016,541 |
| 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 | $4,159,202 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Coop Careers Inc has recieved totaling $652,879.
| Awarding Organization | Amount |
|---|---|
Rise8 Foundation Hunt Valley, MD PURPOSE: GENERAL SUPPORT | $334,000 |
The Carroll And Milton Petrie Foundation Inc New York, NY PURPOSE: EDUCATIONAL | $125,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Education | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $93,879 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |
Coop Careers Inc New York, NY | $4,159,202 | $8,380,118 |
American Academy Mcallister Institute Of Funeral Service Inc New York, NY | $4,267,692 | $5,884,780 |