Civic Intelligence

Cooperative Development Foundation

990 • Fiscal year 2021 • EIN 23-7044533

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 14, 2022

1775 I Street NW Suite 800Washington, DC 20006

(202) 383-5440

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.10x

Higher debt load relative to assets than 40% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

78th percentile

0.85x

Higher debt load relative to revenue than 78% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

6th percentile

-37%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

28th percentile

1.8%

Faster asset growth than 28% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Revenue Growth

35th percentile

2.8%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2021

Assets

Up

$11,536,159

Up $402,986 (+3.6%) from 2020

Net Assets

Down

$10,394,672

Down $35,589 (-0.3%) from 2020

Liabilities

Up

$1,141,487

Up $438,575 (+62%) from 2020

Revenue

Up

$1,339,020

Up $356,679 (+36%) from 2020

Expenses

Down

$1,833,797

Down $41,989 (-2.2%) from 2020

Net Income

Up

-$494,777

Up $398,668 (+45%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $4,121,856Liabilities 2010: $130,781Net Assets 2010: $3,991,0752010Assets 2011: $4,536,479Liabilities 2011: $169,418Net Assets 2011: $4,367,0612011Assets 2012: $4,708,886Liabilities 2012: $148,144Net Assets 2012: $4,560,7422012Assets 2013: $4,098,301Liabilities 2013: $85,638Net Assets 2013: $4,012,6632013Assets 2014: $4,715,735Liabilities 2014: $58,493Net Assets 2014: $4,657,2422014Assets 2015: $4,968,798Liabilities 2015: $54,403Net Assets 2015: $4,914,3952015Assets 2016: $5,188,100Liabilities 2016: $506,334Net Assets 2016: $4,681,7662016Assets 2017: $8,516,088Liabilities 2017: $3,813,542Net Assets 2017: $4,702,5462017Assets 2019: $11,139,658Liabilities 2019: $555,435Net Assets 2019: $10,584,2232019Assets 2020: $11,133,173Liabilities 2020: $702,912Net Assets 2020: $10,430,2612020Assets 2021: $11,536,159Liabilities 2021: $1,141,487Net Assets 2021: $10,394,6722021Assets 2022: $11,289,391Liabilities 2022: $852,782Net Assets 2022: $10,436,6092022Assets 2023: $11,173,928Liabilities 2023: $1,062,000Net Assets 2023: $10,111,9282023Assets 2024: $11,532,146Liabilities 2024: $718,612Net Assets 2024: $10,813,5342024

Highlighted filing

2021

Assets$11,536,159
Liabilities$1,141,487
Net Assets$10,394,672

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $559,9662010Expenses 2011: $757,1772011Expenses 2012: $542,7892012Revenue 2013: $626,760Expenses 2013: $618,593Net Income 2013: $8,1672013Revenue 2014: $1,015,727Expenses 2014: $788,479Net Income 2014: $227,2482014Revenue 2015: $1,100,794Expenses 2015: $799,544Net Income 2015: $301,2502015Revenue 2016: $1,185,753Expenses 2016: $1,333,743Net Income 2016: -$147,9902016Revenue 2017: $934,114Expenses 2017: $1,015,696Net Income 2017: -$81,5822017Revenue 2019: $1,267,667Expenses 2019: $1,572,895Net Income 2019: -$305,2282019Revenue 2020: $982,341Expenses 2020: $1,875,786Net Income 2020: -$893,4452020Revenue 2021: $1,339,020Expenses 2021: $1,833,797Net Income 2021: -$494,7772021Revenue 2022: $3,402,428Expenses 2022: $1,828,510Net Income 2022: $1,573,9182022Revenue 2023: $1,741,895Expenses 2023: $2,825,612Net Income 2023: -$1,083,7172023Revenue 2024: $2,504,826Expenses 2024: $2,250,410Net Income 2024: $254,4162024

Highlighted filing

2021

Revenue$1,339,020
Expenses$1,833,797
Net Income-$494,777
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 14, 2022
Return Version
2021v4.2
Gross Receipts
$1,769,653
Mission and Program Overview

Mission

The Cooperative Development Foundation promotes cooperative education and development to improve the economic and social well-being of all people. We do this through 1) cooperative development projects for which we provide programmatic and/or financial support; 2) funding and dissemination of materials and research about cooperatives and economic issues impacting communities historically excluded because of discrimination and geography; education efforts that improve the leadership and skills of cooperative staffs and boards; and university related projects that strengthen rural communities, cooperatives and agriculture practices and 3) raising the awareness of cooperatives as an economic alternative both domestically and abroad. CDF supports its mission through direct expenditure, grants, and loans.

CDF promotes economic and community development through cooperative enterprise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,511,684$9,306,849▲ $795,165
Cash and Non-Interest-Bearing Accounts$1,193,920$1,636,604▲ $442,684
Investments Other Securities$1,000,000$0▼ $1,000,000
Other Notes and Loans Receivable, Net$215,031$315,964▲ $100,933
Pledges and Grants Receivable$189,239$187,604▼ $1,635
Prepaid Expenses and Deferred Charges$20,732$87,287▲ $66,555
Land, Buildings, and Equipment, Net$2,567$1,851▼ $716
Total Assets$11,133,173$11,536,159▲ $402,986
Liabilities
Grants Payable$414,525$900,300▲ $485,775
Accounts Payable and Accrued Expenses$163,414$213,832▲ $50,418
Deferred Revenue$124,973$27,355▼ $97,618
Total Liabilities$702,912$1,141,487▲ $438,575
Net Assets / Fund Balance
Net Assets With Donor Restrictions$6,708,783$7,128,914▲ $420,131
Net Assets Without Donor Restrictions$3,721,478$3,265,758▼ $455,720
Total Net Assets Fund Balance$10,430,261$10,394,672▼ $35,589
Total Liabilities and Net Assets / Fund Balance$11,133,173$11,536,159▲ $402,986

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,851$4,776$6,627

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$381,151---$381,151
2020$381,151---$381,151
2019$381,151---$381,151
2018$381,151---$381,151
2017$381,151---$381,151
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie MeadExecutive DirectorPT$157,696$9,000$166,696
Mary GriffinExecutive DirectorPT$60,491$3,646$64,137

Board Members and Trustees

NameTitle
Richard LarochelleChair
Deborah TrochaVice Chair
Chuck SnyderDirector
Cornelius BlandingDirector
Devin FuhrmanDirector
John Holdsclaw IVDirector
Judy ZiewaczDirector
Larry BlanchardDirector
Linda TankDirector
Christina JenningsSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,014,095
Program Service Revenue
$6,304
Investment Income
$371,619
Other Revenue
$-52,998
All Other Contributions
$314,484
Change in Net Assets
$-494,777

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,369,945
Revenue Not Reported on Financial Statements
$-30,925
Revenue Not Reported on Form 990
$487,188
Other Revenue Adjustments
$-52,998
Total Revenue per Audited Statements
$1,857,133
Total Revenue per Form 990
$1,339,020
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$941,645
Other Expenses$543,417
Salaries, Compensation, and Employee Benefits$348,735
Total Fundraising Expense$92,758
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$941,645--$941,645
Current Officers, Directors, Trustees, and Key Employees$143,628$64,122$23,084$230,834
Fees for Services Other$104,934$6,791$13,563$125,288
Other Salaries and Wages$34,187$36,989$41,911$113,087
Fees for Services Accounting-$47,988-$47,988
Office Expenses$6,449$18,668$6,297$31,414
Fees for Service Investment Mgmnt Fees$16,804$5,269-$22,073
Occupancy$5,128$6,839$5,128$17,095
Travel$7,573--$7,573
Insurance-$7,209-$7,209
Other Employee Benefits$1,103$1,617$2,094$4,814
Other Expenses$1,026$621$466$2,113
Depreciation Depletion$215$286$215$716
Total Functional Expenses$1,541,505$199,534$92,758$1,833,797

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,892,722
Total Expenses per Form 990$1,833,797
Expenses per Audited Statements$1,811,724
Expenses Not Reported on Form 990$80,998
Expenses Not Reported on Financial Statements$22,073
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North Dakota State University FoundationFargo, ND501(c)(3)Support for the Quentin Burdick Center for Cooperatives$244,280
Kansas State University FoundationManhattan, KS501(c)(3)To provide support for the CoBank Cooperative Leadership Program$242,826
South Dakota State University FoundationBrookings, SD501(c)(3)Continued support for the Pine Ridge AgrAbility and Tribal Local Foods Project$100,000
Thurgood Marshall College FundWashington, DC501(c)(3)CoBank Agriculture Scholarship for historically black colleges and universities$100,000
The ICA Group IncNorthampton, MA501(c)(3)Support of development of web and social media-based client and caregiver marketing and promotion for use by home care cooperatives$50,000
National Cooperative Business AssocWashington, DC501(c)(6)To support the council of Cooperative Economists and the Cooperative IMPACT conference$35,000
Colmenar Cooperative ConsultingOakland, CAWorker cooperativeFinancial Cooperative Education Guide$10,000
Home Care Associates of PhiladelphiaPhiladelphia, PAWorker cooperativeUrban Care Home grant$10,000
Ralph K Morris FoundationMinneapolis, MN501(c)(3)Cooperative Leadership Scholarships$10,000
The ICA Group IncNorthampton, MA501(c)(3)Charitable and education purposes$10,000
Neighboring Food Cooperative AssociationShelburne Falls, MACooperative associatSponsorship of NFCA food coop start up day and annual meeting and Education Fund$9,222
The Working World IncNew York, NY501(c)(3)Worker Cooperative Education Foldables$9,000
Federation of Southern CooperativesEast Point, GA501(c)(3)Charitable and education purposes$8,218
Collective REMAKELos Angeles, CA501(c)(3)Education Fund for Cooperative development$8,000
Urban Homesteading Assistance BoardNew York, NY501(c)(3)HDFC Leaders Group Cooperative Education$8,000
NYC NOWC IncBrooklyn, NY501(c)(6)NYC NOWC Training Collective$6,000
Story Collaborative IncFredericksburg, VACorporationTo support technical assistance for home care cooperatives$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$88,798
Fundraising Gross Income$35,800
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Co-op 5K Race$56,840-$6,168-
Hall of Fame Ceremony$303,999$35,800$82,630$-46,830
Total Events$360,839$35,800$88,798$-52,998
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

The board members of the National Cooperative Business Association are the members of CDF.

Form 990, Part VI, Section A, line 7A

The members of the Cooperative Development Foundation, which are the board of the National Cooperative Business Association, elect 5 of the allowed 9 directors of the Cooperative Development Foundation governing board.

Form 990, Part VI, Section B, line 11B

The 990 is sent to the Board's audit committee for approval before it is filed.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is completed annually.

Form 990, Part VI, Section B, line 15A

Compensation of the executive director is initially based on senior management compensation at similarly sized non-profit organizations. Each year, the board determines the amount of a raise, if any, based on the performance of the executive director and the amount the organization can afford.

Form 990, Part VI, Section C, line 19

Financial statements, governing documents, and the conflict of interest policy are available upon request. Condensed financial information is also included in the annual report and is available on the organization's website.

Filing and Contact Details

Filer

Filer Name
Cooperative Development Foundation
EIN
23-7044533
Phone
2023835440
Address
1775 I Street NW Suite 800, Washington, DC 20006

Signing Officer

Name
Mary Griffin
Title
Executive Director
Phone
2023835440
Signed
2022-06-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mary Griffin
Formed
1944
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennica Jardine Whitfield CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The oversight and selection process has not changed.

Financial Statement Notes

Part V, Line 4:

The Foundation's endowment fund is restricted to support specific cooperative activities and to provide leadership training and other specified development activities. The Foundation intends to use the endowment fund for its restricted purposes.

Part X, Line 2:

The following was disclosed related to uncertain tax positions in the financial statements. CDF is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is classified as an organization other than a private foundation under 509(a) of the Internal Revenue Code. The organization adopted the provisions in FASB ASC 740-10.

Part XI, Line 4B - Other Adjustments:

Direct costs of special events -52,998.

Part XII, Line 2D - Other Adjustments:

Direct costs of special events 52,998.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt9Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Executive Director
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IRS990/MissionDesc0The Cooperative Development Foundation promotes cooperative education and development to improve the economic and social well-being of all people. We do this through 1) cooperative development projects for which we provide programmatic and/or financial support; 2) funding and dissemination of materials and research about cooperatives and economic issues impacting communities historically excluded because of discrimination and geography; education efforts that improve the leadership and skills of cooperative staffs and boards; and university related projects that strengthen rural communities, cooperatives and agriculture practices and 3) raising the awareness of cooperatives as an economic alternative both domestically and abroad. CDF supports its mission through direct expenditure, grants, and loans.
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IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt05128
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IRS990/OccupancyGrp/TotalAmt017095
IRS990/OfficeExpensesGrp/FundraisingAmt06297
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018668
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01617
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt04814
IRS990/OtherExpensesGrp/Desc0Government grants - con
IRS990/OtherExpensesGrp/Desc1Equipment rental and ma
IRS990/OtherExpensesGrp/Desc2Printing and postage
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020732
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt087287
IRS990/PrincipalOfficerNm0Mary Griffin
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Coop loan interest
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06304
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06304
IRS990/ProgSrvcAccomActy2Grp/Desc02) Education and Research- We fund the development and distribution of cooperative education and research materials and programs about cooperatives and economic issues affecting communities, with a focus on historically underserved populations and communities; and the education and knowledge sharing of those interested in cooperatives, among various coop sectors, and for emerging cooperative leaders.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0841613
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0832683
IRS990/ProgSrvcAccomActy3Grp/Desc03) Awareness - Raising the awareness of cooperatives as an economic alternative both domestically and abroad, including the impact of cooperatives on healthy, sustainable and equitable communities.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0324696
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0103315
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06304
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt090124
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IRS990ScheduleD/DonatedServicesUseFcltsAmt028000
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IRS990ScheduleD/ExpensesNotReportedAmt080998
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt022073
IRS990ScheduleD/ExpensesSubtotalAmt01811724
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvestmentExpensesNotIncldAmt022073
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IRS990ScheduleD/OtherExpensesIncludedAmt052998
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-52998
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-30925
IRS990ScheduleD/RevenueSubtotalAmt01369945
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation's endowment fund is restricted to support specific cooperative activities and to provide leadership training and other specified development activities. The Foundation intends to use the endowment fund for its restricted purposes.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The following was disclosed related to uncertain tax positions in the financial statements. CDF is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and is classified as an organization other than a private foundation under 509(a) of the Internal Revenue Code. The organization adopted the provisions in FASB ASC 740-10.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Direct costs of special events -52,998.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Direct costs of special events 52,998.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.5$0.72$10.8$2.50$2.25$0.25
2023Detailed filing. Detailed filing data is available for this year.$11.2$1.06$10.1$1.74$2.83$1.08
2022Detailed filing. Detailed filing data is available for this year.$11.3$0.85$10.4$3.40$1.83$1.57
2021Detailed filing. Detailed filing data is available for this year.$11.5$1.14$10.4$1.34$1.83$0.49
2020Detailed filing. Detailed filing data is available for this year.$11.1$0.70$10.4$0.98$1.88$0.89
2019Detailed filing. Detailed filing data is available for this year.$11.1$0.56$10.6$1.27$1.57$0.31
2017Detailed filing. Detailed filing data is available for this year.$8.52$3.81$4.70$0.93$1.02$0.08
2016Detailed filing. Detailed filing data is available for this year.$5.19$0.51$4.68$1.19$1.33$0.15
2015Detailed filing. Detailed filing data is available for this year.$4.97$0.05$4.91$1.10$0.80$0.30
2014Detailed filing. Detailed filing data is available for this year.$4.72$0.06$4.66$1.02$0.79$0.23
2013Detailed filing. Detailed filing data is available for this year.$4.10$0.09$4.01$0.63$0.62$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.71$0.15$4.56$0.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.54$0.17$4.37$0.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.12$0.13$3.99$0.56