Civic Intelligence

Cooperation L A

990 • Fiscal year 2022 • EIN 83-3306526

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 09, 2023

1625 5th AvenueLos Angeles, CA 90019

(323) 528-2076

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.70x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

96th percentile

1.22x

Higher debt load relative to revenue than 96% of similar nonprofits.

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

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

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

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

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

Asset Growth

99th percentile

1722%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

93rd percentile

278%

Faster revenue growth than 93% of similar nonprofits.

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

Assets

Up

$298,596

Up $282,208 (+1722%) from 2021

Net Assets

$88,714

No earlier filing loaded for comparison.

Liabilities

Up

$209,882

Up $209,882 from 2021

Revenue

Up

$171,957

Up $126,451 (+278%) from 2021

Expenses

Up

$125,973

Up $81,035 (+180%) from 2021

Net Income

Up

$45,984

Up $45,416 (+7996%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2020: $15,820Liabilities 2020: $02020Assets 2021: $16,388Liabilities 2021: $02021Assets 2022: $298,596Liabilities 2022: $209,882Net Assets 2022: $88,7142022Assets 2023: $404,268Liabilities 2023: $204,376Net Assets 2023: $199,8922023Assets 2024: $519,122Liabilities 2024: $234,524Net Assets 2024: $284,5982024

Highlighted filing

2022

Assets$298,596
Liabilities$209,882
Net Assets$88,714

Operations Trend

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

$600K$400K$200K$0Revenue 2020: $89,904Expenses 2020: $77,846Net Income 2020: $12,0582020Revenue 2021: $45,506Expenses 2021: $44,938Net Income 2021: $5682021Revenue 2022: $171,957Expenses 2022: $125,973Net Income 2022: $45,9842022Revenue 2023: $490,930Expenses 2023: $336,785Net Income 2023: $154,1452023Revenue 2024: $594,392Expenses 2024: $509,781Net Income 2024: $84,6112024

Highlighted filing

2022

Revenue$171,957
Expenses$125,973
Net Income$45,984
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$171,957
Mission and Program Overview

Mission

The L.A. Co-op Lab is a collective that builds capacity for worker ownership in Los Angeles as a pathway toward a more equitable and democratic economy.

The L.A. Co-op Lab is a collective that builds capacity for worker ownership in Los Angeles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,388$291,036▲ $274,648
Rtn Earn Endowment Incm Other Fnds$16,388$88,714▲ $72,326
Accounts Receivable-$5,028-
Prepaid Expenses and Deferred Charges-$2,532-
Total Assets$16,388$298,596▲ $282,208
Liabilities
Deferred Revenue-$209,615-
Accounts Payable and Accrued Expenses$0$267▲ $267
Total Liabilities$0$209,882▲ $209,882
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,388$88,714▲ $72,326
Total Liabilities and Net Assets / Fund Balance$16,388$298,596▲ $282,208
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$160,205
Program Service Revenue
$11,705
Investment Income
$47
Other Revenue
$0
All Other Contributions
$160,205
Change in Net Assets
$45,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,715
Grants and Similar Amounts Paid$34,258
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$57,856$1,000$0$58,856
Grants to Domestic Orgs$34,258--$34,258
Fees for Services Accounting$0$11,100$0$11,100
Office Expenses$5,575$1,769$0$7,344
Information Technology$3,163$1,086$0$4,249
Fees for Services Legal$4,000$0$0$4,000
Travel$2,069$927$0$2,996
All Other Expenses$1,272$190$0$1,462
Conferences and Meetings$454$813$0$1,267
Other Expenses$18$97$0$115
Total Functional Expenses$108,685$17,288$0$125,973
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Radiate Consulting LALos Angeles, CA-Co-op Incubation$34,258
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
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
Filing and Contact Details

Filer

Filer Name
Cooperation L A
EIN
83-3306526
Phone
3235282076
Address
1625 5th Avenue, Los Angeles, CA 90019

Signing Officer

Name
Rachel Balderston
Title
Secretary
Phone
3235282076
Signed
2023-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Balderston
Formed
2019
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Andrea Roldan CPA
Address
2423 Greenfield Ct, Belleville, IL 62221
Preparer
Andrea Roldan CPA
Phone
6186603465
Supplemental Narrative

Additional Explanations

Other

Form 990, part iii, primary exempt purpose - to increase democratic economic power and reduce economic inequality in the los angeles area through the development and support of cooperative ownership models, including worker-owned cooperative businesses. The target population intended to benefit from this mission is low-income individuals and communities of color who have been historically excluded from participating fully in the benefits of the economy.

Pt VI, Line 11B

The 990 will be provided to the governing body for review and approval by the board.

Pt VI, Line 12C

Board members are asked to refrain from voting when their independence may be impaired in relation to the subject matter.

Pt VI, Line 18

The organization publishes documents on third party resource sites and makes them available upon request.

Pt VI, Line 19

The organization provides governing documents to the public upon request.

Other

Form 990, part iii, line 4b, program service accomplishments: the organization provides training and coaching of emerging and existing cooperatives; classes and workshops for groups on how to establish a cooperative; support to obtain financing for individual cooperatives through outside funders; and public education and networking events about cooperatives and the larger framework of economic democracy.

Other

Form 990, part iii, line 4a, program service accomplishments: the organization provides financial and operational support to emerging and newly founded cooperatives.

Other

FORM 990 Part III Line 1 Organization's Mission: Cooperation L.A.s purpose is to explore, invent, and deploy ways to build L.A.'s capacity for worker ownership as a pathway toward a more equitable and democratic economy. Our aim is to advance worker ownership as one way to push back against inequality, gentrification, and the gig economy by supporting people who are often excluded from good jobs to collectively create their own and meet community needs.

Pt VI, Line 2

Two of the organizations board members share governance on the board of another unrelated organization.

Form 990, Part IX, Line 11G

Interpetation 5450. 5450. 0. 0.

Form 990, Part IX, Line 11G

Other Services 53406. 52406. 1000. 0.

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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Co-op Incubation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Radiate Consulting LA
IRS990ScheduleI/RecipientTable/RecipientEIN0880651642
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0153 Glendale Blvd Fl 1
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Los Angeles
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The organization identifies worker-owned cooperatives for incubation and provides financial support for operations and growth. Consideration is given to budget, financial forecasts, spending plans, etc.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990, PART III, PRIMARY EXEMPT PURPOSE - TO INCREASE DEMOCRATIC ECONOMIC POWER AND REDUCE ECONOMIC INEQUALITY IN THE LOS ANGELES AREA THROUGH THE DEVELOPMENT AND SUPPORT OF COOPERATIVE OWNERSHIP MODELS, INCLUDING WORKER-OWNED COOPERATIVE BUSINESSES. THE TARGET POPULATION INTENDED TO BENEFIT FROM THIS MISSION IS LOW-INCOME INDIVIDUALS AND COMMUNITIES OF COLOR WHO HAVE BEEN HISTORICALLY EXCLUDED FROM PARTICIPATING FULLY IN THE BENEFITS OF THE ECONOMY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 will be provided to the governing body for review and approval by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members are asked to refrain from voting when their independence may be impaired in relation to the subject matter.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization publishes documents on third party resource sites and makes them available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization provides governing documents to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS: THE ORGANIZATION PROVIDES TRAINING AND COACHING OF EMERGING AND EXISTING COOPERATIVES; CLASSES AND WORKSHOPS FOR GROUPS ON HOW TO ESTABLISH A COOPERATIVE; SUPPORT TO OBTAIN FINANCING FOR INDIVIDUAL COOPERATIVES THROUGH OUTSIDE FUNDERS; AND PUBLIC EDUCATION AND NETWORKING EVENTS ABOUT COOPERATIVES AND THE LARGER FRAMEWORK OF ECONOMIC DEMOCRACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: THE ORGANIZATION PROVIDES FINANCIAL AND OPERATIONAL SUPPORT TO EMERGING AND NEWLY FOUNDED COOPERATIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 Part III Line 1 Organization's Mission: Cooperation L.A.s purpose is to explore, invent, and deploy ways to build L.A.'s capacity for worker ownership as a pathway toward a more equitable and democratic economy. Our aim is to advance worker ownership as one way to push back against inequality, gentrification, and the gig economy by supporting people who are often excluded from good jobs to collectively create their own and meet community needs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Two of the organizations board members share governance on the board of another unrelated organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Interpetation 5450. 5450. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Other Services 53406. 52406. 1000. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 11g
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ReturnHeader/BuildTS02023-04-26 12:10:37Z

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