Cooperative Development Institute
- Assets
- $1.8m
- Revenue
- $3.7m
- Investments
- $100.0k
- Employees
- 34
- Location
- Northampton, MA
- Founding
- 07/1995
- Data as of
- 06/2021
- EIN
- 04-3241596
Organization Overview
Cooperative Development Institute is located in Northampton, MA. The organization was established in 1995. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Cooperative Development Institute employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Development Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Cooperative Development Institute generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $3.3m during the year ending 06/2021. While expenses have increased by 12.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND TRAIN COOPERATIVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM INCOME AND PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nomi Giszpenc Executive Director | Officer | 34 | $69,835 |
Christina Jones Finance Director | Officer | 27 | $10,511 |
Dejongh Wells Director | OfficerTrustee | 2 | $0 |
Maria Femandes-Dominique Secretarytreasurer | OfficerTrustee | 2 | $0 |
Maggie Cohn Director | OfficerTrustee | 2 | $0 |
Arthur Sabiti Directorstaff Representative | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,153,791 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,153,791 |
| Total Program Service Revenue | $1,782,820 |
| Investment income | $11,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,716,521 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,346 |
| Compensation of current officers, directors, key employees. | $80,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,865,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $453,396 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $452 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $15,000 |
| Total functional expenses | $3,253,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,082,368 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $339,537 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $225,159 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $12,526 |
| Other assets | $0 |
| Total assets | $1,759,590 |
| Accounts payable and accrued expenses | $105,438 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $528,055 |
| Other liabilities | $34,715 |
| Total liabilities | $668,208 |
| Net assets without donor restrictions | $1,091,382 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,759,590 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Cooperative Development Institute has recieved totaling $1,229,996.
| Awarding Organization | Amount |
|---|---|
Klarman Family Foundation Boston, MA PURPOSE: GOOD PHILANTHROPIC CITIZEN AND COMMUNITY GRANTS: TO SUPPORT THE DEVELOPMENT, CONSTRUCTION, AND EQUIPMENT FOR THE DORCHESTER FOOD CO-OP (CAPITAL) | $900,000 |
Elmina B Sewall Foundation Freeport, ME PURPOSE: GENERAL OPERATING SUPPORT | $91,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Community & Neighborhood Development | $76,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $60,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $40,383 |
John Merck Fund Harrison, NY PURPOSE: TO PRESERVE THE VIABILITY OF NEW AMERICAN FARMERS AND FOOD BUSINESSES IN MAINE AND THE CONNECTICUT RIVER VALLEY; AND TO RAISE THE PROFILE OF COOPERATIVE OWNERSHIP IN THE REGIONAL FOOD SYSTEM. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Community Action Agency Of New Haven Inc New Haven, CT | $523,093 | $14,060,753 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |
Cypress Hills Local Development Corporation Inc Brooklyn, NY | $20,394,898 | $16,091,549 |