Cooperatives For A Better World
- Assets
- $538.7k
- Revenue
- $731.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Manchester, NH
- Founding
- 08/2017
- Data as of
- 12/2021
- EIN
- 81-3247254
Organization Overview
Cooperatives For A Better World is located in Manchester, NH. The organization was established in 2017. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Cooperatives For A Better World employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cooperatives For A Better World 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 12/2021, Cooperatives For A Better World generated $731.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $233.7k during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 5 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
COOPERATIVE FOR A BETTER WORLD IS WHOLLY DEDICATED TO EDUCATING AND SUPPORTING THE NEXT GENERATION OF COOPERATIVE BUSINESSES. WE DO THIS BY (1) GROWING THE ENTREPRENEUR PIPELINE AND STRENGTHEN THE COOPERATIVE ECOSYSTEM; (2) EQUIPPING COOPERATIVE ENTREPRENEURS WITH THE SKILLS AND TOOLS FOR SUCCESS; AND (3) CONNECTING COOPERATIVE BUSINESSES WITH THE CAPITAL THEY NEED TO THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DESIGNED AND LAUNCHED LEAN CO-OP, A FREE ONLINE COURSE, WITH 600+ SIGN UPS IN THE FIRST 9 MONTHS; WE GRADUATED OUR 3RD ACCELERATOR COHORT, COMPRISED OF 7 STARTUPS, ALL WITH WOMEN AND/OR BIPOC FOUNDERS; WE ALSO HOSTED NEXT GEN ENTREPRENEURSHIP, A ONE-DAY CELEBRATION OF COOPERATIVE ENTREPRENEURSHIP THAT FEATURED 300+ ATTENDEES AND 30+ SPEAKERS. WE RECEIVED 102 APPLICATIONS FOR OUR 2022 ACCELERATOR, A 46% INCREASE OVER 2020/2021 APPLICATIONS NUMBERS; WE CONDUCTED OVER 120 HOURS OF COACHING CALLS WITH ENTREPRENEURS.
WE SIGNED AN AGREEMENT WITH THE AARP FOUNDATION FOR 3-YEAR COLLABORATIVE INITIATIVE TO INCREASE COOPERATIVE ENTREPRENEURSHIP AMONG LOW-INCOME OLDER ADULTS AND COMPLETED PHASE 1 OF THIS PROJECT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Mason Until 921 Director | Trustee | 30 | $67,500 |
Howard Brodsky President | Officer | 0.25 | $0 |
Helene Lesterlin Vice President | Officer | 0.25 | $0 |
Nathan Schneider Secretary | Officer | 0.25 | $0 |
Joseph Cureton Treasurer | Officer | 0.25 | $0 |
Jen Horonjeff Director | Trustee | 0.25 | $0 |
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 | $620,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $620,351 |
| Total Program Service Revenue | $110,926 |
| Investment income | $0 |
| 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 | $731,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,500 |
| Compensation of current officers, directors, key employees. | $53,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,199 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,175 |
| Fees for services: Accounting | $4,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,015 |
| Advertising and promotion | $306 |
| Office expenses | $636 |
| Information technology | $191 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $706 |
| All other expenses | $122 |
| Total functional expenses | $233,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,730 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $37,500 |
| Accounts receivable, net | $2,500 |
| 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 | $961 |
| 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 | $538,691 |
| Accounts payable and accrued expenses | $3,304 |
| 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 | $10,387 |
| Total liabilities | $13,691 |
| Net assets without donor restrictions | $375,000 |
| Net assets with donor restrictions | $150,000 |
| 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 | $538,691 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cooperatives For A Better World has recieved totaling $300,000.
| Awarding Organization | Amount |
|---|---|
New Hampshire Charitable Foundation Concord, NH PURPOSE: For general support | $150,000 |
Realize Impact Bainbridge Island, WA PURPOSE: Fiscal Sponsorship Grants | $100,000 |
Helidoni Foundation Inc Stratham, NH PURPOSE: AN UNRESTRICTED GRANT TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE. | $25,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Media College Rockport, ME | $7,429,016 | $3,148,520 |
Vermont Journalism Trust Montpelier, VT | $3,627,259 | $3,372,936 |
From The Top Inc Boston, MA | $3,071,162 | $3,844,735 |
Monadnock Media Inc Hatfield, MA | $5,384,068 | $1,167,388 |
Weymouth Educational Telecommunicators Corporation Inc Weymouth, MA | $1,249,802 | $720,178 |
Watertown Cable Access Corporation Watertown, MA | $1,771,981 | $629,726 |
Chittenden County Goverment Access Channel Trust Burlington, VT | $469,412 | $674,757 |
National Trust For Local News Lexington, MA | $2,796,118 | $1,919,431 |
Lexington Community Media Center Inc Lexington, MA | $756,570 | $551,260 |
World Media Foundation Inc Boston, MA | $6,109,391 | $551,777 |
Shrewsbury Media Connection Inc Shrewsbury, MA | $1,322,714 | $413,567 |
Marlborough Cable Trust Marlborough, MA | $301,496 | $370,312 |