Overview
What is Cincinnati Union Cooperative Initiative?
Cincinnati Union Cooperative Initiative is a nonprofit organization dedicated to fostering cooperative development, particularly among Black-led teams and refugee communities. Through courses such as Power in Numbers and Agricultural Co-op U for Refugees, they empower individuals to launch successful co-op businesses. In response to racial and economic inequality, they have supported six Black-led co-op businesses and guided two teams in developing business plans for a grocery store and a nightclub. Additionally, they offer assistance and mentoring to established co-ops, including Queen Mother's Market, Hopes Fulfilled Farm 2 Table, A Touch of TLC Home Care, and Body by Bodji. The organization also provides co-op training for refugee communities, cultivating future cooperative business leaders. With a focus on worker-owned businesses, Cincinnati Union Cooperative Initiative aims to create an economy that benefits all families.
Official website here: www.cincinnatiunioncoop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The Cincinnati Union Cooperative Initiative has received a strong rating of 92%, earning a Four-Star designation from Charity Navigator. This high score is primarily based on the organization’s excellent Accountability and Finance metrics, indicating a strong commitment to transparency and responsible financial management. The rating underscores the effectiveness of its governance structure, as reflected by the majority of independent board members and a robust audit and oversight framework.
Strengths of the organization include an impressive program expense ratio of 94.20%, showing that a significant portion of its resources is directed toward its mission-related activities. Additionally, the organization has implemented comprehensive policies regarding conflicts of interest and whistleblower protections, further enhancing its accountability measures. The absence of any material diversion of assets reinforces the integrity of their financial practices.
However, while the overall score is commendable, the rating is solely derived from a single beacon score. Potential donors and stakeholders may wish for more diverse metrics to evaluate the organization’s impact beyond financial accountability. Nonetheless, the Cincinnati Union Cooperative Initiative appears to be a well-managed nonprofit, dedicated to its mission with a solid governance structure in place.
This AI summary has been generated from information found on Charity Navigator.
Is Cincinnati Union Cooperative Initiative legitimate?
Cincinnati Union Cooperative Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincinnati Union Cooperative Initiative 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: $122,773
Professional Fundraising Fees: $0
Other Salaries and Wages: $213,840
For more financial information, click here
Official website here: www.cincinnatiunioncoop.org
What is the mission statement of Cincinnati Union Cooperative Initiative?
The Cincinnati Union Cooperative Initiative collaborates with individuals and other organizations to develop worker-owned businesses. These businesses aim to provide family-sustaining jobs and contribute to an economy that benefits all. The initiative's mission is accomplished through various programs, such as Power in Numbers and Agricultural Co-op U for Refugees, which equip teams with the skills to launch successful cooperative businesses. In response to racial and economic inequality, the initiative has supported co-op entrepreneurs of color, guiding teams in developing business plans and offering continued assistance. They have aided in the development and growth of several black-led cooperative businesses, including a full-service grocery store and a nightclub serving LGBTQ clients. The initiative also provides co-op training to refugee communities, cultivating future cooperative business leaders.
Official website here: www.cincinnatiunioncoop.org
What is the revenue of Cincinnati Union Cooperative Initiative?
Cincinnati Union Cooperative Initiative's revenue in 2024 was $842,972.
Official website here: www.cincinnatiunioncoop.org
Who are the executives of Cincinnati Union Cooperative Initiative and what are their salaries?
The average compensation at Cincinnati Union Cooperative Initiative during 2024 was $37,401. There are 9 employees and 45 volunteers at Cincinnati Union Cooperative Initiative.
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- Compensation: $60,880
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Official website here: www.cincinnatiunioncoop.org
Where can I find the form 990 for Cincinnati Union Cooperative Initiative?
Cincinnati Union Cooperative Initiative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cincinnatiunioncoop.org
Learn more at the official website: www.cincinnatiunioncoop.org
Mission Statement of Cincinnati Union Cooperative Initiative
The Cincinnati Union Cooperative Initiative partners with individuals and other organizations to develop worker-owned businesses that provide family-sustaining jobs, aiming to establish an economy that works for all. This nonprofit organization focuses on empowering marginalized communities, particularly Black-led teams and refugee populations, through educational programs.
One of their primary initiatives is Power in Numbers, a course designed to enable Black-led teams to launch successful cooperative businesses. Additionally, they offer Agricultural Co-op U for Refugees, a program that cultivates cooperative business leaders among refugee communities. During the COVID-19 crisis, they continued their support for entrepreneurs of color by offering a second Power in Numbers course and planning a third one. Through these initiatives, the Cincinnati Union Cooperative Initiative has supported the development and growth of six Black-led cooperative businesses.
The organization also provides training and mentoring to cooperative businesses that have graduated from their first course, such as Queen Mother's Market, Hopes Fulfilled Farm 2 Table, A Touch of TLC Home Care, and Body by Bodji. Furthermore, they offer RAPP Agriculture and Co-op Development courses for refugees, educating them about farming and cooperative business. Their goal is to foster a new generation of cooperative business leaders within these communities.
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Impact
July, 2024
The Cincinnati Union Cooperative Initiative has made a significant impact by partnering with individuals and organizations to develop worker-owned businesses that provide family-sustaining jobs and contribute to creating an economy that works for everyone. Specifically, they have supported the development and growth of six black-led co-op businesses, guided two black teams in refining co-op business plans, and continued to provide assistance and mentoring to co-op businesses that have graduated from their courses.
Furthermore, the initiative has provided co-op training through their agriculture and co-op development courses for refugees, working with cohorts of refugee high school students to educate them about farming and cooperative business. They have also produced instructional videos on co-op business development principles and have helped 43 refugees develop farming and cooperative business skills.
Overall, the Cincinnati Union Cooperative Initiative's impact is evident in the tangible support and resources they have provided to marginalized communities, helping them establish sustainable businesses and empowering them to succeed in the economy.
This information is meant to be a general summary of Cincinnati Union Cooperative Initiative. 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 2024.
- Investment Income: $48
- Program Service Revenue: $14,704
- Gross Receipts: $846,672
Assets and Liabilities:
- Total Assets: $258,367
- Total Liabilities: $2,174
- Net Assets: $256,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL ASSISTANCE I
Revenue
$14,382
FISCAL SPONSORSHIP FEE
Revenue
$322
Organization Details
Founding Year
2011
Principal Officer
Kristen Barker
Website
www.cincinnatiunioncoop.orgNTEE Category
Code: V37 - Social research
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