Us Overseas Cooperative Development Council Incorporated
- Assets
- $924.1k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 11/2005
- Data as of
- 12/2022
- EIN
- 57-1199394
Organization Overview
Us Overseas Cooperative Development Council Incorporated is located in Washington, DC. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Us Overseas Cooperative Development Council Incorporated employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Us Overseas Cooperative Development Council Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Us Overseas Cooperative Development Council Incorporated generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 12.3% per year over the past 8 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.
Since 2015, Us Overseas Cooperative Development Council Incorporated has awarded 13 individual grants totaling $315,013. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CHAMPION, ADVOCATE AND PROMOTE EFFECTIVE INTERNATIONAL COOPERATIVE DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL COOPERATIVE RESEARCH GROUP:THE ICRG SUPPORTS THE ADVANCEMENT OF COOPERATIVES IN DEVELOPING COUNTRIES THROUGH ITS INDEPENDENT RESEARCH AND DISSEMINATION. THIS YEAR RESEARCH PROJECTS HAVE INCLUDED "COVID 19 IMPACT ON COOPERATIVES IN SUB-SAHARAN AFRICA." COOPERATIVE BUSINESS RESILIENCE ASSESSMENT AND PLANNING TOOL, WOMEN'S MEMBERSHIP IN INFORMAL AND FORMAL COOPERATIVES IN KENYA, THE ROLE OF COOPERATIVES IN LOCALLY-LED DEVELOPMENT, AND A MULTI-COUNTRY RESEARCH INITIATIVE ON WOMEN'S ECONOMIC EMPOWERMENT IN SUB-SAHARAN AFRICA, AMONG OTHERS. SEE SCHEDULE O FOR CONTINUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Onyancha Chair | OfficerTrustee | 0.2 | $0 |
Dan Waddle First Vice Chair | OfficerTrustee | 0.2 | $0 |
Sheila Crowley Secretary | OfficerTrustee | 0.2 | $0 |
Andrew Price Director | Trustee | 0.2 | $0 |
Marcel Petrutiu Director | Trustee | 0.2 | $0 |
Greg Sommerville Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Judith Hermanson Consulting Services | 12/30/22 | $167,095 |
Savalan Llc Cfo & Accounting Services | 12/30/22 | $150,611 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,979,704 |
| Investment income | $1,872 |
| 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 | $1,982,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $46,838 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $132,310 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $354,234 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,331 |
| Pension plan accruals and contributions | $14,090 |
| Other employee benefits | $41,897 |
| Payroll taxes | $47,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,120 |
| Fees for services: Accounting | $153,792 |
| Fees for services: Lobbying | $23,520 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $545,679 |
| Advertising and promotion | $1,915 |
| Office expenses | $31,246 |
| Information technology | $122,999 |
| Royalties | $0 |
| Occupancy | $32,200 |
| Travel | $36,937 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,296 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,207 |
| All other expenses | $0 |
| Total functional expenses | $2,009,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,578 |
| Savings and temporary cash investments | $857,354 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,375 |
| 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 | $10,757 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $924,064 |
| Accounts payable and accrued expenses | $165,914 |
| Grants payable | $0 |
| Deferred revenue | $356,930 |
| 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 | $522,844 |
| Net assets without donor restrictions | $401,220 |
| 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 | $924,064 |
Grants Awarded
Over the last fiscal year, Us Overseas Cooperative Development Council Incorporated has awarded $46,838 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL COOPERATIVE BUSINESS ASSOCIATION PURPOSE: Subaward for CR2 program on resilience. | $26,030 |
COOPERATIVE HOUSING FOUNDATION CORP PURPOSE: Improve understanding of cooperative resilience during system shocks | $20,808 |