Overview
What is Cooperative Development Fund Of Cds?
The Cooperative Development Fund of CDS is a nonprofit organization based in Eagan, Minnesota, with a specific mission to foster the development and growth of cooperatively owned enterprises. In fiscal year 2022, they provided fiscal sponsorship services to 33 organizations, 16 of which actively utilized their services, generating over half a million dollars in charitable contributions and foundation grants to support cooperative development projects, create jobs, and provide essential services. One notable achievement was the completion of a multi-year development project, where a retail store relocated and expanded its space, leading to the creation of 12-15 new jobs and 30 units of workforce-affordable housing in the community. Moreover, a significant accomplishment involved securing a $500,000 fiscally sponsored grant for Shared Capital Cooperative, which is being used to refinance and support worker-owned cooperative borrowers, ultimately increasing the cooperative lending capacity of Shared Capital Cooperative.
Official website here: www.cdsus.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Cooperative Development Fund of CDS has received a high rating of 96%, indicating strong performance in accountability and finance. This score reflects the organization's commitment to transparency and effective financial management, with an emphasis on accountability metrics. The overall score is derived entirely from their exceptional Accountability & Finance score, showcasing their dedication to responsible operations.
Significant strengths noted include having a fully independent board, a robust audit and oversight committee, and a strong program expense ratio of 95.56%, which suggests that the majority of their funds are directed towards their mission-driven programs. The organization has also implemented several governance policies, including conflict of interest and whistleblower policies, enhancing its operational integrity.
There are no major limitations or concerns highlighted in the data, with no material diversion of assets reported and strong financial statements overseeing their operations. This level of oversight and dedication to ethical governance positions the Cooperative Development Fund of CDS as a trustworthy nonprofit in the eyes of its supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cooperative Development Fund Of Cds legitimate?
Cooperative Development Fund Of Cds is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperative Development Fund Of Cds 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cdsus.coop
What is the mission statement of Cooperative Development Fund Of Cds?
The Cooperative Development Fund of CDS has a mission to assist in the establishment and expansion of cooperatively owned enterprises. In the fiscal year 2022, they had agreements with 33 organizations, out of which 16 actively utilized their services to garner over half a million dollars in charitable contributions and half a million dollars in foundation grants for cooperative development work, job creation, and service provision. One of their notable achievements was the completion of a multi-year development project, which involved relocating and expanding a retail store, resulting in the creation of 12-15 new jobs and the development of 30 units of workforce-affordable housing in the community. Another significant accomplishment was securing a $500,000 fiscally sponsored grant for Shared Capital Cooperative, which is being used to refinance and support borrowers of worker-owned cooperatives, ultimately expanding the cooperative lending capacity of Shared Capital Cooperative.
Official website here: www.cdsus.coop
Who is the CEO of Cooperative Development Fund Of Cds?
Alison Deelstra is the Chairman of Cooperative Development Fund Of Cds.
Official website here: www.cdsus.coop
What is the revenue of Cooperative Development Fund Of Cds?
Cooperative Development Fund Of Cds's revenue in 2022 was $1,248,799.
Official website here: www.cdsus.coop
Who are the executives of Cooperative Development Fund Of Cds and what are their salaries?
There 11 volunteers at Cooperative Development Fund Of Cds.
Here are 12 key members and their salaries:
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- Related: $98,743
- Other: $20,078
Official website here: www.cdsus.coop
Where can I find the form 990 for Cooperative Development Fund Of Cds?
Cooperative Development Fund Of Cds's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdsus.coop
Learn more at the official website: www.cdsus.coop
Mission Statement of Cooperative Development Fund Of Cds
The Cooperative Development Fund of CDS is dedicated to assisting in the establishment and growth of cooperatively owned enterprises. This nonprofit organization's mission is to provide the necessary support for such ventures, aiming to generate charitable contributions and foundation grants, thereby fostering cooperative development work, creating jobs, and meeting community needs. In the fiscal year 2022, the Cooperative Development Fund of CDS had agreements in place with 33 organizations, of which 16 actively utilized their services to secure over half a million dollars in charitable contributions and half a million dollars in foundation grants, contributing significantly to cooperative development efforts. One of their notable achievements was a multi-year development project by one of their clients, which involved relocating and expanding a retail store from 1500 square feet to a 10,000 square foot grocery store in Downtown Mount Pleasant MI. This project not only created 12-15 new jobs but also supported the development of 30 units of workforce affordable housing in the community. Another significant accomplishment was a $500,000 fiscally sponsored grant to Shared Capital Cooperative, with grant funds being utilized to refinance and support worker-owned co-op borrowers, ultimately expanding the cooperative lending capacity of Shared Capital Cooperative.
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Impact
July, 2024
The Cooperative Development Fund of CDS has had a significant impact in helping start and grow cooperatively owned enterprises. In FY22, the fund had fiscal sponsorship services agreements with 33 organizations, with 16 communities actively using their services to generate over $500,000 in charitable contributions and $540,000 in foundation grants.
One notable success story includes a client completing a multi-year development project, relocating and expanding their retail store to a new 10,000 sq. ft. grocery store in downtown Mount Pleasant, MI. This project not only created 12-15 new jobs but also supported the development of 30 units of workforce affordable housing in the community.
Another significant accomplishment was a $500,000 fiscally sponsored grant to Shared Capital Cooperative. These grant funds are being utilized to refinance and support worker-owned co-op borrowers, ultimately expanding the cooperative lending capacity of Shared Capital Co-op.
Overall, the Cooperative Development Fund of CDS is making a tangible difference in community improvement by supporting cooperative development work, creating jobs, and providing needed services.
This information is meant to be a general summary of Cooperative Development Fund Of Cds. 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: $364
- Gross Receipts: $1,248,799
Assets and Liabilities:
- Total Assets: $866,724
- Total Liabilities: $1,885
- Net Assets: $864,839
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Organization Details
Founding Year
1986
Phone
(651) 265-3678Principal Officer
Alison Deelstra
Main Address
997 TICONDEROGA TRAIL, EAGAN, MN, 55123
Website
www.cdsus.coopNTEE Category
Code: S20 - Community improvement
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