Civic Intelligence

Southeast Center for Cooperative Development

990EZ • Fiscal year 2022 • EIN 82-4969715

Jan 01, 2022 to Dec 31, 2022 • Filed on May 16, 2023

Organization Profilewww.co-opsnow.org
6207 Centennial BlvdNashville, TN 37209

(615) 315-1549

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

23rd percentile

-14%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

82nd percentile

$9,632

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

32nd percentile

-9.4%

Faster asset growth than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-27%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$98,030

Down $10,186 (-9.4%) from 2021

Net Assets

Down

$97,926

Down $10,186 (-9.4%) from 2021

Liabilities

Flat

$104

Flat from 2021

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin23rd percentile

Revenue

Down

$73,902

Down $26,710 (-27%) from 2021

Expenses

Up

$84,088

Up $26,558 (+46%) from 2021

Net Income

Down

-$10,186

Down $53,268 (-124%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

$400K$300K$200K$100K$0Assets 2021: $108,216Liabilities 2021: $104Net Assets 2021: $108,1122021Assets 2022: $98,030Liabilities 2022: $104Net Assets 2022: $97,9262022Assets 2023: $293,297Liabilities 2023: $13,806Net Assets 2023: $279,4912023Assets 2024: $387,848Liabilities 2024: $2,554Net Assets 2024: $385,2942024

Highlighted filing

2022

Assets$98,030
Liabilities$104
Net Assets$97,926
Open 2022 Filing

Operations Trend

Revenue Growth20th percentile

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

$600K$400K$200K$0-$200KRevenue 2021: $100,612Expenses 2021: $57,530Net Income 2021: $43,0822021Revenue 2022: $73,902Expenses 2022: $84,088Net Income 2022: -$10,1862022Revenue 2023: $494,987Expenses 2023: $313,119Net Income 2023: $181,8682023Revenue 2024: $530,908Expenses 2024: $425,105Net Income 2024: $105,8032024

Highlighted filing

2022

Revenue$73,902
Expenses$84,088
Net Income-$10,186
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 16, 2023
Return Version
2022v5.0
Gross Receipts
$73,902
Mission and Program Overview

Mission

Our primary purpose is to help build a more equitable economy by increasing the economic opportunities and benefits available to the excluded through the development of wealth-building cooperatives which are owned and controlled by the low-income minority and or underserved communities in Metro Nashville in Tennessee and in the Southeastern U.S. We give priority to developing the power and capacity of the marginalized.

Program Services

DescriptionGrantsExpenses
Core Services: This include the foundational services of cooperative business education co-op business technical assistance and training. Components of this program include: Introductory Co-op; Co-op Academy a 10-week intensive study; Strong Co-op Series; Co-op Business Accelerator. Business financing through the NET Fund. We held 4 intro sessions connecting with over 50 individuals; our fall academy had 24 attendees our spring academy had 62; we are assisting 11 groups currently who are in various stages of start up and expansion have there's 8 co-ops that are operating solidly and others in the pipeline. We anticipate we will see about 50% growth as the awareness grows about the many benefits stable jobs enhanced workplace environment etc. Conversions assisted: 1 Jobs impacted: 23 Number of Strong Co-op Series Workshops: 2 Non-extractive start-up loans Seed Commons: $206,000 Number of target population reached: 170 Co-op Land Project - WaterBear sponsored$3,122$78,000
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rosemarie RiegerCo-DirectorFT$9,632-$9,632
Robert OvertonCo-DirectorPT$7,405-$7,405
Filing and Contact Details

Filer

Filer Name
Southeast Center for Cooperative Development
EIN
82-4969715
In Care Of
% Robert Overton
Address
6207 CENTENNIAL BLVD, NASHVILLE, TN 37209

Signing Officer

Name
Robert Overton
Title
Treasurer
Signed
2023-05-16
Discuss with paid preparer
No
Supplemental Narrative

Additional Explanations

Part I, line 10

“| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Fiscal sponsorship of nonprofit activity, Water Bear Coop Land Project, "waterbearcooplandproject.com", $3122.00, None|”

Part I, line 16

“| Other Expenses:, Amount:| Marketing, $200.00| Dues and subscriptions, $1027.00| Honorarium, $400.00| Information & professional services, $1397.00| Insurance, $387.00| Meals & entertainment, $1931.00| Outreach expenses, $844.00| Quickbooks & Bookkeeping fees, $1042.00| Shared services fee, $7500.00| Registration fees, $142.00| Travel, $5078.00| Education & training, $1255.00|”

Part II, line 24

“| Asset Name:, BOY Amount:, EOY Amount:| Receivables, $9345, $1020| Organization's share of assets, 0, $387|”

Part II, line 26

“| Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, $104, $104|”

Part IV, List of Officers

“| Employee Name:, Description:| Robert Overton, Salary is donated in-kind. The 1099 salary was related to the development and operation of the NET Fund Service provided to offer business loans to cooperatives.|”

Raw XML Appendix137 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Robert Overton
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PrimaryExemptPurposeTxt0Our primary purpose is to help build a more equitable economy by increasing the economic opportunities and benefits available to the excluded through the development of wealth-building cooperatives which are owned and controlled by the low-income minority and or underserved communities in Metro Nashville in Tennessee and in the Southeastern U.S. We give priority to developing the power and capacity of the marginalized.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03122
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SalariesOtherCompEmplBnftAmt052686
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0| S.No:, Amount:, Description:| 1, $164, Fiscal sponsorship fees|
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Activity:, Grantee Name:, Grantee Address:, Amount:, Relationship:| Fiscal sponsorship of nonprofit activity, Water Bear Coop Land Project, "waterbearcooplandproject.com", $3122.00, None|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1| Other Expenses:, Amount:| Marketing, $200.00| Dues and subscriptions, $1027.00| Honorarium, $400.00| Information & professional services, $1397.00| Insurance, $387.00| Meals & entertainment, $1931.00| Outreach expenses, $844.00| Quickbooks & Bookkeeping fees, $1042.00| Shared services fee, $7500.00| Registration fees, $142.00| Travel, $5078.00| Education & training, $1255.00|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2| Asset Name:, BOY Amount:, EOY Amount:| Receivables, $9345, $1020| Organization's share of assets, 0, $387|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3| Liabilities Name:, BOY Amount:, EOY Amount:| Accounts Payable, $104, $104|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4| Employee Name:, Description:| Robert Overton, Salary is donated in-kind. The 1099 salary was related to the development and operation of the NET Fund Service provided to offer business loans to cooperatives.|
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part II, line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part IV, List of Officers
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Overton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-16
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ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0824969715
ReturnHeader/Filer/ForeignPhoneNum06153151549
ReturnHeader/Filer/InCareOfNm0% Robert Overton
ReturnHeader/Filer/USAddress/AddressLine1Txt06207 CENTENNIAL BLVD
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037209
ReturnHeader/ReturnTs02023-05-16T15:28:17-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$98,030
Liabilities
$104
Net assets
$97,926
Revenue
$73,902
Expenses
$84,088
Net income
-$10,186
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.88$0.03$3.85$5.31$4.25$1.06
2023Detailed filing. Detailed filing data is available for this year.$2.93$0.14$2.79$4.95$3.13$1.82
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.74$0.84$0.10
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$1.01$0.58$0.43