Overview
What is Cooperative Development Foundation?
The Cooperative Development Foundation is a nonprofit organization situated in Washington, D.C. Its primary mission is to promote cooperative education and development, aiming to enhance the economic and social well-being of various communities. The foundation achieves this through several means. Firstly, it provides programmatic and financial support for cooperative development projects, particularly in the worker cooperative and food sectors. Secondly, it funds and disseminates materials and research about cooperatives and economic issues affecting marginalized communities. Thirdly, it engages in educational initiatives to improve cooperative leadership and skills. Lastly, it supports university projects that strengthen rural communities, cooperatives, and agriculture practices. The foundation accomplishes these goals through direct expenditure, grants, and loans.
Official website here: www.cdf.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The Cooperative Development Foundation has achieved an impressive 97% score, reflecting a strong commitment to accountability and finance. This rating is entirely based on financial metrics, showcasing the organization’s effective management of resources and transparency in operations. The foundation has an independent board composed entirely of dedicated members, which is indicative of solid governance practices.
Strengths highlighted include a robust program expense ratio of 86.38%, meaning a significant portion of its budget is allocated towards its programs rather than administrative costs. Additionally, the organization demonstrates exemplary fundraising efficiency, with only $0.05 spent to raise a dollar. This financial prudence ensures that resources are utilized effectively to benefit its mission.
While the rating is highly favorable, there are no noted limitations in the feedback, indicating that the Cooperative Development Foundation operates with a high level of integrity and fiscal responsibility. This strong performance makes it a trusted choice for donors looking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Cooperative Development Foundation legitimate?
Cooperative Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperative Development Foundation 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: $198,244
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,783
For more financial information, click here
Official website here: www.cdf.coop
What is the mission statement of Cooperative Development Foundation?
The Cooperative Development Foundation's mission is centered around promoting cooperative education and development to enhance the economic and social well-being of various communities. They achieve this through several means. Firstly, they support cooperative development projects financially or with programmatic assistance. Secondly, they fund and disseminate research and materials about cooperatives and economic issues affecting disadvantaged communities. Thirdly, they engage in educational initiatives to improve the skills and leadership of cooperative staff and boards. Lastly, they sponsor university projects that strengthen rural communities, cooperatives, and agriculture practices. The Foundation also raises awareness of cooperatives as an economic alternative, both domestically and internationally, to further its mission.
Official website here: www.cdf.coop
Who is the CEO of Cooperative Development Foundation?
Mary Griffin is the Director of Cooperative Development Foundation.
Official website here: www.cdf.coop
What is the revenue of Cooperative Development Foundation?
Cooperative Development Foundation's revenue in 2022 was $3,402,428.
Official website here: www.cdf.coop
Who are the executives of Cooperative Development Foundation and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $187,022
- Other: $11,221
Official website here: www.cdf.coop
Where can I find the form 990 for Cooperative Development Foundation?
Cooperative Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdf.coop
Learn more at the official website: www.cdf.coop
Mission Statement of Cooperative Development Foundation
The Cooperative Development Foundation, in its mission, works towards promoting cooperative education and development to enhance the economic and social well-being of diverse communities. It achieves this objective through various means, including:
1. Supporting cooperative development projects financially or with programmatic assistance to bolster their impact.
2. Disseminating research and materials about cooperatives and economic issues affecting marginalized communities due to discrimination or geography, thereby raising awareness and fostering knowledge.
3. Engaging in educational initiatives to improve the leadership and professional skills of cooperative staff and boards.
4. Collaborating with universities to strengthen rural communities, cooperatives, and agricultural practices.
By executing these strategies, the Cooperative Development Foundation seeks to raise the profile of cooperatives as a viable economic alternative, both domestically and internationally.
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Impact
October, 2024
The Cooperative Development Foundation (CDF) significantly impacts economic and community development by promoting cooperative enterprise. Through its diverse programs, grants, and loans, CDF enhances the growth of cooperatives and cooperative development organizations, targeting particularly the worker cooperative and food sectors.
By providing financial support to cooperatives and groups organizing them, CDF stimulates local economies, fostering job creation and sustainable livelihoods. It enhances the skills and leadership of cooperative staff and boards through educational initiatives, ensuring that these enterprises can thrive and fulfill their potential in various communities.
Additionally, CDF disseminates crucial research and materials concerning cooperatives and the economic challenges faced by marginalized communities. This not only raises awareness of cooperatives as viable economic alternatives but also aids in the empowerment of historically excluded groups. The foundation’s initiatives contribute to the overall well-being of people by promoting equitable economic opportunities and strengthening local infrastructures, which are essential for sustainable development.
This information is meant to be a general summary of Cooperative Development Foundation. 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: $201,407
- Program Service Revenue: $11,182
- Gross Receipts: $3,507,056
Assets and Liabilities:
- Total Assets: $11,289,391
- Total Liabilities: $852,782
- Net Assets: $10,436,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Coop loan interest
Revenue
$11,182
Organization Details
Founding Year
1944
Phone
(202) 383-5440Principal Officer
Mary Griffin
Main Address
1775 I Street NW Suite 800, Washington, DC, 20006
Website
www.cdf.coopNTEE Category
Code: J122 - Employment
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