Overview
What is The Cool Cooperative Inc?
The Cool Cooperative Inc, located in New Orleans, Louisiana, is a vibrant nonprofit organization. Its primary focus is on serving the local community, providing continuous support to students from middle school through high school graduation. This pipeline program, named Creating Outstanding Opportunities Locally (COOL), emphasizes academic growth and holistic development. The COOL Cooperative offers workforce training tailored to the film industry, ensuring that its students are well-prepared for both higher education and high-paying jobs in this competitive field. By acting as mentors and trainers, the cooperative seeks to introduce underserved communities to the film industry, fostering creative entrepreneurship and workforce readiness. With a dedicated team of 27 individuals, The Cool Cooperative Inc is committed to empowering the next generation of filmmakers and industry professionals.
Official website here: www.thecoolcooperative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. This rating indicates that while The Cool Cooperative Inc demonstrates some strengths in governance and financial accountability, there are notable areas for improvement that affect its overall standing.
The organization has successfully achieved full points for having a majority of independent board members and maintaining a proper board size, showcasing a commitment to good governance practices. Additionally, it scored well in areas concerning material diversion of assets and the retention of meeting minutes, reflecting a degree of transparency and responsibility in its financial dealings.
However, the nonprofit has significant weaknesses, particularly in its conflict of interest policy, whistleblower protections, and document retention practices, where it received low scores. These deficiencies suggest potential vulnerabilities in oversight and ethical practices that may concern donors and stakeholders. The program expense ratio also indicates that a portion of its funding may not be allocated directly to programs, which could impact its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Cool Cooperative Inc legitimate?
The Cool Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cool Cooperative 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: $85,372
Professional Fundraising Fees: $0
Other Salaries and Wages: $188,045
For more financial information, click here
Official website here: www.thecoolcooperative.org
What is the mission statement of The Cool Cooperative Inc?
The Cool Cooperative Inc, with a mission centered around filmmaking, aims to inspire and educate middle and high school students from underserved communities. Acting as mentors and trainers, they seek to integrate these students into the film industry, fostering creative entrepreneurship and offering workforce training. The Cooperative serves as a continuous pipeline program, supporting scholastic and personal development, ensuring that students graduate high school equipped for both higher education and entry into the competitive and remunerative film industry job market.
Official website here: www.thecoolcooperative.org
What is the revenue of The Cool Cooperative Inc?
The Cool Cooperative Inc's revenue in 2023 was $423,463.
Official website here: www.thecoolcooperative.org
Who are the executives of The Cool Cooperative Inc and what are their salaries?
The average compensation at The Cool Cooperative Inc during 2023 was $6,359. There are 43 employees and 30 volunteers at The Cool Cooperative Inc.
Here are 9 key members and their salaries:
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- Compensation: $2,104
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- Compensation: $85,372
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Official website here: www.thecoolcooperative.org
Where can I find the form 990 for The Cool Cooperative Inc?
The Cool Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thecoolcooperative.org
Learn more at the official website: www.thecoolcooperative.org
Mission Statement of The Cool Cooperative Inc
The Cool Cooperative, a pioneering organization, is dedicated to inspiring and educating middle and high school students in the art of filmmaking. Acting as mentors and trainers, they aim to bridge the gap between underserved communities and the film industry. Their primary objective is to foster creative entrepreneurship and provide these students with valuable workforce training, thereby preparing them for high-paying job opportunities in this competitive field by the time they graduate from high school. The Cool Cooperative operates as a continuous pipeline program, focusing on both scholastic and holistic development, ensuring that students not only excel academically but are also well-equipped for their future careers in the film industry.
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Impact
July, 2024
The Cool Cooperative Inc's impact is significant in inspiring and teaching middle and high school students the art of filmmaking. By serving as mentors and trainers, they are actively bringing underserved communities into the film industry, fostering creative entrepreneurism, and providing valuable workforce training. This not only prepares students for college but also equips them to enter the competitive and financially rewarding job markets within the film industry. Through their pipeline after-school program, The Cool Cooperative Inc is not only shaping future filmmakers but also contributing to the development and inclusion of diverse voices in the arts.
This information is meant to be a general summary of The Cool Cooperative 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 2023.
- Program Service Revenue: $300
- Gross Receipts: $423,463
Assets and Liabilities:
- Total Assets: $274,887
- Total Liabilities: $0
- Net Assets: $274,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Service Fees
Revenue
$300
Organization Details
Founding Year
2014
Principal Officer
Elizabeth Burvant
Website
www.thecoolcooperative.orgNTEE Category
Code: A31 - Arts
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