Overview
What is Cooperative Development Institute Inc?
Cooperative Development Institute Inc is a nonprofit organization committed to fostering cooperative development and growth. Their primary mission involves training and supporting cooperatives, offering assistance to resident-owned communities in the formation of cooperatives. By doing so, they aim to empower these communities, enhancing their overall well-being and fostering sustainable living. The Institute's expertise encompasses various aspects of cooperative development, ensuring a comprehensive approach to its work.
Official website here: www.cdi.coop
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star Rating)
Cooperative Development Institute Inc has achieved an 88% rating from Charity Navigator, indicating a strong performance in accountability and finance. This score is primarily derived from their emphasis on maintaining a well-governed organization with a majority independent board, effective financial auditing practices, and a solid program expense ratio of 89.36%, showcasing efficient allocation of resources towards their mission.
The organization exhibits a commitment to accountability with high scores in independent board composition and financial transparency. Their practices include a conflict of interest policy and the publication of board meeting minutes, further affirming their dedication to ethical governance. Additionally, they have demonstrated no material diversion of assets, which reinforces their reputation for integrity in operations.
However, it is noteworthy that the organization lacks a whistleblower policy and a document retention and destruction policy, which may represent areas for improvement. Despite these limitations, the absence of any significant financial discrepancies and the high program expense ratio highlight their focus on fulfilling their operational goals effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Cooperative Development Institute Inc legitimate?
Cooperative Development Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperative Development Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,023,719
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Official website here: www.cdi.coop
What is the mission statement of Cooperative Development Institute Inc?
The Cooperative Development Institute's mission is centered around fostering the growth and development of cooperatives. They accomplish this by offering training and assistance to cooperatives, particularly in the context of resident-owned communities, aiding them in the formation process. The institute's goal is to empower cooperatives and promote their growth, thereby contributing to a stronger cooperative network.
Official website here: www.cdi.coop
Who is the CEO of Cooperative Development Institute Inc?
Noemi Giszpenc is the Former Executive Director of Cooperative Development Institute Inc.
Official website here: www.cdi.coop
What is the revenue of Cooperative Development Institute Inc?
Cooperative Development Institute Inc's revenue in 2022 was $4,954,779.
Official website here: www.cdi.coop
Who are the executives of Cooperative Development Institute Inc and what are their salaries?
The average compensation at Cooperative Development Institute Inc during 2022 was $59,521. There are 34 employees and 5 volunteers at Cooperative Development Institute Inc.
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Official website here: www.cdi.coop
Where can I find the form 990 for Cooperative Development Institute Inc?
Cooperative Development Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdi.coop
Learn more at the official website: www.cdi.coop
Mission Statement of Cooperative Development Institute Inc
The Cooperative Development Institute, as the name suggests, is dedicated to the mission of fostering and enhancing cooperatives. This nonprofit organization specializes in developing and educating cooperatives, with a particular focus on assisting resident-owned communities in the process of establishing cooperatives. By offering cooperative development and assistance, the Cooperative Development Institute aims to empower these communities and equip them with the necessary tools and knowledge to successfully form cooperatives. This mission ultimately contributes to the strengthening and sustainability of cooperatives, promoting self-reliance and community-driven solutions.
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Impact
July, 2024
The impact of Cooperative Development Institute Inc is seen in its active role in developing and training cooperatives. By providing cooperative development and assistance to resident-owned communities in forming cooperatives, the organization contributes significantly to the improvement of communities it serves. Through its mission of fostering cooperative development and training, Cooperative Development Institute Inc plays a vital role in supporting sustainable and community-driven initiatives, ultimately leading to positive outcomes for the communities and individuals involved.
This information is meant to be a general summary of Cooperative Development Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11,860
- Program Service Revenue: $1,866,359
- Gross Receipts: $4,954,779
Assets and Liabilities:
- Total Assets: $3,386,271
- Total Liabilities: $537,211
- Net Assets: $2,849,060
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Contract Income
Revenue
$1,866,359
Organization Details
Founding Year
1994
Principal Officer
Noemi Giszpenc
Main Address
PO Box 1051, Northampton, MA, 01061
Website
www.cdi.coopNTEE Category
Code: S20 - Community improvement
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