Northwest Cooperative Development
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $10.0k
- Employees
- 17
- Location
- Olympia, WA
- Founding
- 02/1987
- Data as of
- 09/2023
- EIN
- 91-1355457
Organization Overview
Northwest Cooperative Development is located in Olympia, WA. The organization was established in 1987. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Northwest Cooperative Development employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Cooperative Development 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 09/2023, Northwest Cooperative Development generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.3m during the year ending 09/2023. While expenses have increased by 9.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER COMMUNITY ECONOMIC DEVELOPMENT PRIMARILY THROUGH COOPERATIVE BUSINESS MODEL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE COOPERATIVE DEVELOPMENT SUPPORT BECAUSE CO-OP'S HAVE A GREATER CHANCE OF SUCCEEDING AND CREATING ECONOMIC OPPORTUNITIES WHEN THEY HAVE ADEQUATE SUPPORT.
MANUFACTURED HOME COMMUNITY CO-OP CONVERSION PROGRAM.
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 |
|---|---|---|---|
Diane Gasaway Executive Di | Officer | 40 | $70,250 |
Samuel Green Co-Director | Officer | 40 | $70,000 |
John Mcnamara Co-Director | Officer | 40 | $62,572 |
Juan Aguilar Director | Trustee | 0.3 | $0 |
Martin Desmond Treasurer | OfficerTrustee | 0.3 | $0 |
Katherine Minthorn Goodluck Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $539,260 |
| All other contributions, gifts, grants, and similar amounts not included above | $504,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,043,601 |
| Total Program Service Revenue | $412,751 |
| Investment income | $25,902 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,305 |
| Net Rental Income | $1,956 |
| 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 | $1,486,788 |
| 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. | $181,312 |
| Compensation of current officers, directors, key employees. | $36,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $573,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $107,163 |
| Payroll taxes | $63,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,258 |
| Fees for services: Accounting | $14,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,000 |
| Advertising and promotion | $27,057 |
| Office expenses | $13,600 |
| Information technology | $9,086 |
| Royalties | $0 |
| Occupancy | $33,542 |
| Travel | $72,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,899 |
| All other expenses | $24,030 |
| Total functional expenses | $1,315,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,001,059 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,364 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $188,520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,693 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,426 |
| Total assets | $1,610,062 |
| Accounts payable and accrued expenses | $69,947 |
| 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 | $96,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $86,289 |
| Total liabilities | $252,336 |
| Net assets without donor restrictions | $1,227,664 |
| Net assets with donor restrictions | $130,062 |
| 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 | $1,610,062 |