Cooperative Ministry
- Assets
- $4.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Columbia, SC
- Founding
- 08/1988
- Data as of
- 06/2022
- EIN
- 57-0825025
Organization Overview
Cooperative Ministry is located in Columbia, SC. The organization was established in 1988. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Cooperative Ministry employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperative Ministry 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 06/2022, Cooperative Ministry generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 14.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO INCREASE THE ECONOMIC SELF-SUFFICIENCY OF PEOPLE EXPERIENCING POVERTY IN THE MIDLANDS THROUGH CRISIS ASSISTANCE AND SUSTAINABILITY PROGRAMS. THE MINISTRY PROVIDES GUIDANCE, COUNSELING, REFERRALS, AND DIRECT FINANCIAL ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH PROGRAMS - PROVIDE ASSISTANCE FOR MEDICAL NEEDS
EMERGENCY ASSISTANCE - PROVIDES RENTAL AND UTILITY ASSISTANCE AND FOOD
FINANCIAL SUSTAINABILITY:FINANCIAL EMPOWERMENT - ONE ON ONE COACHING THAT PROVIDES AID TO HELP INDIVIDUALS IMPROVE THEIR OVERALL FINANCIAL WELL-BEINGCAREER IMPROVEMENT - AIMS TO REDUCE BARRIERS TO PROVIDE MORE PRODUCTIVE ENGAGEMENT IN THE WORKFORCE, TARGETING ADULTS WHO WISH TO ENHANCE THEIR QUALIFICATIONS FOR JOBS THAT ENABLE HOUSEHOLDS TO BE FINANCIALLY SELF-SUFFICIENTTAX SERVICES - PROVIDE TAX PREPARATION AND GENERAL COUNSELING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Irick CEO | Officer | 40 | $111,400 |
Akili Harris CFO | Officer | 40 | $95,347 |
Wanda Pearson Cpo | Officer | 40 | $77,510 |
Robert Williams III Imm Past Chair | Officer | 1 | $0 |
Stephanie Yandle Vice Chairman | Officer | 1 | $0 |
Mike Farmer Past Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $42,562 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,298,367 |
| All other contributions, gifts, grants, and similar amounts not included above | $740,721 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,081,650 |
| Total Program Service Revenue | $0 |
| Investment income | $1,849 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,954 |
| Net Gain/Loss on Asset Sales | $475 |
| Net Income from Fundraising Events | $82,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,208,080 |
| 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. | $304,295 |
| Compensation of current officers, directors, key employees. | $124,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $581,233 |
| Pension plan accruals and contributions | $13,877 |
| Other employee benefits | $76,046 |
| Payroll taxes | $65,497 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $36,523 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,560 |
| 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 | $69,939 |
| Insurance | $23,197 |
| All other expenses | $82,173 |
| Total functional expenses | $7,049,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,558,800 |
| Savings and temporary cash investments | $202,028 |
| Pledges and grants receivable | $547,070 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,694 |
| Net Land, buildings, and equipment | $1,847,362 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,164,954 |
| Accounts payable and accrued expenses | $406,415 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $406,415 |
| Net assets without donor restrictions | $3,595,601 |
| Net assets with donor restrictions | $162,938 |
| 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 | $4,164,954 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cooperative Ministry has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Barnes Wall Foundation Little Mountain, SC PURPOSE: RELIEF FOR NEEDY | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Anderson Interfaith Ministries Inc Anderson, SC | $3,291,014 | $7,774,313 |
Cooperative Ministry Columbia, SC | $4,164,954 | $7,208,080 |
Loaves & Fishes - Friendship Trays Inc Charlotte, NC | $17,869,265 | $11,460,660 |
Area Congregations In Ministry Oxford, NC | $198,194 | $6,149,344 |
Raleigh Rescue Mission Incorporated Raleigh, NC | $5,794,848 | $6,401,459 |
Rowan Helping Ministries Salisbury, NC | $5,312,011 | $5,506,576 |
Crisis Control Ministry Inc Winston Salem, NC | $2,990,456 | $4,647,794 |