Civic Intelligence

Cocoa360 Fund

990 • Fiscal year 2018 • EIN 47-4120941

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

955 Massachusetts Ave 195Cambridge, MA 02139

(347) 409-3278

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

91st percentile

96%

Faster asset growth than 91% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

64%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$91,068

Up $44,680 (+96%) from 2017

Net Assets

$91,068

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$284,873

Up $110,856 (+64%) from 2017

Expenses

Up

$243,170

Up $64,281 (+36%) from 2017

Net Income

Up

$41,703

Up $46,575 (+956%) from 2017

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2015: $4,612Liabilities 2015: $0Net Assets 2015: $4,6122015Assets 2016: $51,259Liabilities 2016: $0Net Assets 2016: $51,2592016Assets 2017: $46,388Liabilities 2017: $02017Assets 2018: $91,068Liabilities 2018: $0Net Assets 2018: $91,0682018Assets 2019: $96,128Liabilities 2019: $0Net Assets 2019: $96,1282019Assets 2020: $68,735Liabilities 2020: $0Net Assets 2020: $68,7352020Assets 2021: $14,188Liabilities 2021: $0Net Assets 2021: $14,1882021Assets 2022: $18,553Liabilities 2022: $0Net Assets 2022: $18,5532022Assets 2023: $137,824Liabilities 2023: $0Net Assets 2023: $137,8242023Assets 2024: $71,957Liabilities 2024: $0Net Assets 2024: $71,9572024

Highlighted filing

2018

Assets$91,068
Liabilities$0
Net Assets$91,068

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2015: $58,378Expenses 2015: $53,767Net Income 2015: $4,6112015Revenue 2016: $168,548Expenses 2016: $121,901Net Income 2016: $46,6472016Revenue 2017: $174,017Expenses 2017: $178,889Net Income 2017: -$4,8722017Revenue 2018: $284,873Expenses 2018: $243,170Net Income 2018: $41,7032018Revenue 2019: $262,727Expenses 2019: $257,667Net Income 2019: $5,0602019Revenue 2020: $223,744Expenses 2020: $251,137Net Income 2020: -$27,3932020Revenue 2021: $302,616Expenses 2021: $350,124Net Income 2021: -$47,5082021Revenue 2022: $229,424Expenses 2022: $225,059Net Income 2022: $4,3652022Revenue 2023: $421,819Expenses 2023: $302,548Net Income 2023: $119,2712023Revenue 2024: $376,267Expenses 2024: $442,134Net Income 2024: -$65,8672024

Highlighted filing

2018

Revenue$284,873
Expenses$243,170
Net Income$41,703
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$285,828
Mission and Program Overview

Mission

To leverage existing community resources to fund improvements in education and health car and build a self-sustaining development model that puts the underprivileged rural Cocoa farmers in the driver's seat of development. Our pioneering model uses cocoa to transform community infrastructure and facilitate consistent access to education and health care. We hope to replicate this model to empower rural farming communities all over the world.

To leverage existing community resources to fund improvements in education and health care, and build a self-sustaining development model that puts the underprivileged (rural cocoa farmers) in the driver's seat of development. Our pioneering model uses cocoa to transform community infrastructure and facilitate consistent access to education and health care. We hope to replicate this model to empower rural farming communities all over the world.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,388$91,068▲ $44,680
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$46,388$91,068▲ $44,680
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$46,388$91,068▲ $44,680
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$46,388$91,068▲ $44,680
Total Liabilities and Net Assets / Fund Balance$46,388$91,068▲ $44,680
Compensation and Service Providers

Board Members and Trustees

NameTitle
Shadrack FrimpongChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$284,873
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$284,873
Change in Net Assets
$41,703
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$169,722
Other Expenses$51,591
Total Fundraising Expense$34,263
Salaries, Compensation, and Employee Benefits$21,857
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$169,722--$169,722
Current Officers, Directors, Trustees, and Key Employees$0$10,870$4,878$15,748
Fees for Services Management$0$8,180$6,500$14,680
Travel$0$6,072$4,395$10,467
Payments to Affiliates$1,300$0$8,488$9,788
Office Expenses$1,499$6,670$816$8,985
Conferences and Meetings$0$10$7,661$7,671
Payroll Taxes$0$4,285$1,524$5,809
Other Employee Benefits$0$300$0$300
Total Functional Expenses$172,521$36,386$34,263$243,170
International Activity

International Summary

Offices
1
Employees
25
Spending
$169,723

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Middle East and North AfricaProgram-related investments-125$169,723
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$955
Fundraising Gross Income$955
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, line 9

| Name of the person:, Address of the person:| Courtney Kramer, 295 Tremont Street, Newton, MA, 02458| Susanne Neher, 630 Northampton Street, Hellertown, PA, 18055| Shadrack Frimpong, P.O. BOX 31853, Philadelphia, PA, 19104|

Part VI, Section B, Line 11B

We engage pro-bono lawyers and accountants (through our partnership with Trust Law) to review and vet all our IRS filings

Part VI, Section B, Line 12C

Procedures for Addressing the Conflict of Interest a. An interested person may make a presentation at the Board or Board Committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. b. The chairperson of the Board or Board Committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. c. After exercising due diligence, the Board or Board Committee shall determine whether COCOA360 can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. d. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the Board or Board Committee shall determine by a majority vote of the disinterested director

Part VI, Section C, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Cocoa360 Fund
EIN
47-4120941
In Care Of
% Julian Addo
Phone
3474093278
Address
955 MASSACHUSETTS AVE 195, Cambridge, MA 02139
Doing Business As
Cocoa360

Signing Officer

Name
Julian Addo
Title
CFO
Phone
3474093278
Signed
2019-11-15
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
5
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IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt01300
IRS990/PaymentsToAffiliatesGrp/TotalAmt09788
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01524
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04285
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt05809
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Julian Addo
IRS990/PriorPeriodAdjustmentsAmt02977
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0174017
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0152128
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt026761
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-4872
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0178889
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0174017
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041703
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ReservesMaintainedAmt00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0284873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0175602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0179266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt058378
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0698119
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0240559
IRS990ScheduleA/SubstantialContributorsTotAmt0457560
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0284873
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0175602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0179266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt058378
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0698119
IRS990ScheduleA/TotalSupportAmt0698119
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt025
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0169723
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Middle East and North Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program-related investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0169722
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire Transfer
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Grants awarded to local affiliate
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Middle East and North Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt025
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt0169723
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Cocoa360 Fund keeps thorough records for all its grant disbursements to its local affiliate (TBCA). These records include: Amount disbursed; recipient project; date of disbursement; Profiles and resumes of TBCA's key staff and board members; Confirmation of TBCA's status as a non-profit entity; TBCA's most recent annual report and any tax filings; Detailed budget information, both past and projected, for TBCA; All documents submitted by TBCA regarding project undertakings and costs
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1| ExplanationTxt:| Cash|
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2| ExplanationTxt:| Cash|
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 3f
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 1
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt025
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0169723
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Name of the person:, Address of the person:| Courtney Kramer, 295 Tremont Street, Newton, MA, 02458| Susanne Neher, 630 Northampton Street, Hellertown, PA, 18055| Shadrack Frimpong, P.O. BOX 31853, Philadelphia, PA, 19104|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We engage pro-bono lawyers and accountants (through our partnership with Trust Law) to review and vet all our IRS filings

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