Civic Intelligence

Cocoa360 Fund

990 • Fiscal year 2020 • EIN 47-4120941

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 24, 2021

228 S 40th St 31853Philadelphia, PA 19104

(215) 253-5587

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

26th percentile

-12%

Higher net margin than 26% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

15th percentile

-28%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

49th percentile

-15%

Faster revenue growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$68,735

Down $27,393 (-28%) from 2019

Net Assets

Down

$68,735

Down $27,393 (-28%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$223,744

Down $38,983 (-15%) from 2019

Expenses

Down

$251,137

Down $6,530 (-2.5%) from 2019

Net Income

Down

-$27,393

Down $32,453 (-641%) from 2019

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

2020

Assets$68,735
Liabilities$0
Net Assets$68,735

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

2020

Revenue$223,744
Expenses$251,137
Net Income-$27,393
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 24, 2021
Return Version
2020v4.0
Gross Receipts
$223,744
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$96,128$68,735▼ $27,393
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$96,128$68,735▼ $27,393
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
Net Assets Without Donor Restrictions$96,128$68,735▼ $27,393
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$96,128$68,735▼ $27,393
Total Liabilities and Net Assets / Fund Balance$96,128$68,735▼ $27,393
Compensation and Service Providers

Board Members and Trustees

NameTitle
Julian AddoCFO
Shadrack FrimpongChief Executive Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,744
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$223,744
Change in Net Assets
$-27,393
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$245,542
Other Expenses$5,595
Total Fundraising Expense$3,420
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$245,542--$245,542
Office Expenses$335$1,152$3,420$4,907
Other Expenses$688$0$0$688
Total Functional Expenses$246,565$1,152$3,420$251,137
International Activity

International Summary

Offices
2
Employees
35
Spending
$245,542

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
Sub-Saharan AfricaGrantmaking-235$245,542
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
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
No
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

Part VI, Section B, Line 11B

We engage pro-bono lawyers and accountants 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
Address
228 S 40TH ST 31853, Philadelphia, PA 19104
Doing Business As
Cocoa360

Signing Officer

Name
Julian Addo
Title
CFO
Signed
2021-11-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Julian Addo
Formed
2015
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
2
Supplemental Narrative

Additional Explanations

Part III, Line 4D

| Description:, Expense Amount:, Grants Amount:, Revenue Amount:|

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IRS990/MissionDesc0To 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Cocoa360 in collaboration with the Yale Global Health Leadership is establishing the Ghana Research Program GRP to assess the impact of the organization's farm-for-impact model on health care utilization and well-being outcomes in rural Ghana.
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IRS990/ProgSrvcAccomActy3Grp/Desc0In response to the onset of the pandemic Cocoa360 led a rural response through the implementation of a two- phased intervention dubbed CoCoPOPP- Cocoa360 COVID-19 Prevention and Outbreak Prevention Plan which focused heavily on public health prevention and control measures through the dissemination of targeted credible and accurate information in easy-to-digest formats for our rural audience.
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt016540
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05060
IRS990/PYSalariesCompEmpBnftPaidAmt023527
IRS990/PYTotalExpensesAmt0257667
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0262727
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-27393
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
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/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0223744
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0262727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0285828
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175602
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0179266
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01127167
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.4141
IRS990ScheduleA/PublicSupportPY170Pct00.3857
IRS990ScheduleA/PublicSupportTotal170Amt0466722
IRS990ScheduleA/SubstantialContributorsTotAmt0660444
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0223744
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0262727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0285828
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175602
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0179266
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01127167
IRS990ScheduleA/TotalSupportAmt01127167
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/EmployeeCnt035
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt02
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0245542
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grantmaking
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0245542
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0International Wire Transfer (via Swift Network)
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0The organization maintains an agro campus, including a school, clinic, and cocoa farms, in Tarkwa Breman, Ghana. Funds were granted to support operational and capital expenditures of the Tarkwa Breman Center of Excellence.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt035
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt0245542
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Cocoa360 Fund keeps thorough records of all grant requests made to its local affiliate Tarkwa Breman Community Alliance TBCA. These records include amount disbursed disbursement date purpose of funds and designation of funds restricted or unrestricted. TBCA is required to produces and send grant reconciliation reports on a routing basis detailing all expenditures. Other collated records include annual local tax filings. TBCA is also required to share an annual budget with Cocoa360 Fund.
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/TotalEmployeeCnt035
IRS990ScheduleF/TotalOfficeCnt02
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0245542
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Description:, Expense Amount:, Grants Amount:, Revenue Amount:|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We engage pro-bono lawyers and accountants to review and vet all our IRS filings
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Procedures 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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/StatesWhereCopyOfReturnIsFldCd1MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096128
IRS990/TotalAssetsEOYAmt068735
IRS990/TotalAssetsGrp/BOYAmt096128
IRS990/TotalAssetsGrp/EOYAmt068735
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0223744
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03420
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01152
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0246565
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251137

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