Overview
What is Cocoa360 Fund?
Cocoa360 Fund is a nonprofit organization situated in Cambridge, Massachusetts. Their mission is to empower underprivileged rural cocoa farming communities by utilizing their resources to improve education and healthcare. They achieve this by creating a self-sustaining development model, where cocoa farming serves as the foundation. This innovative approach transforms community infrastructure, ensuring consistent access to essential services. The organization provides tuition-free education and subsidized healthcare to community members, in return for their labor on a community-run cocoa farm. The funds generated from this venture are reinvested into the community, aiming to replicate this model globally and uplift rural farming communities worldwide.
Official website here: www.cocoa360.org
Is Cocoa360 Fund legitimate?
Cocoa360 Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cocoa360 Fund 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: $3,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cocoa360.org
What is the mission statement of Cocoa360 Fund?
The mission of Cocoa360 Fund is to utilize the existing resources within underprivileged rural cocoa farming communities to fund improvements in education and healthcare. They aim to establish a self-sustaining development model, empowering these communities by placing them in charge of their own development. Their innovative approach leverages cocoa to transform community infrastructure, ensuring consistent access to educational and medical facilities. The ultimate goal is to replicate this model globally, aiming to uplift rural farming communities worldwide.
Official website here: www.cocoa360.org
Who is the CEO of Cocoa360 Fund?
Jerry Bosrotsi is the Chief Executive Officer of Cocoa360 Fund. The CEO's salary of Cocoa360 Fund is $0 and their total compensation is $0.
Official website here: www.cocoa360.org
What is the revenue of Cocoa360 Fund?
Cocoa360 Fund's revenue in 2022 was $229,424.
Official website here: www.cocoa360.org
Who are the executives of Cocoa360 Fund and what are their salaries?
There 3 volunteers at Cocoa360 Fund.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cocoa360.org
Where can I find the form 990 for Cocoa360 Fund?
Cocoa360 Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cocoa360.org
Learn more at the official website: www.cocoa360.org
Mission Statement of Cocoa360 Fund
Cocoa360 Fund, a nonprofit organization, aims to revolutionize the lives of underprivileged rural cocoa farmers by harnessing the potential of their community resources. Their mission is to foster a self-sustaining development model, empowering these farmers to take the lead in their own progress. This pioneering approach utilizes cocoa as a catalyst, transforming community infrastructure and ensuring consistent access to both education and healthcare. The ultimate goal is to replicate this model globally, enabling rural farming communities worldwide to thrive.
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Impact
October, 2024
Cocoa360 Fund drives impactful change by leveraging local resources to enhance education and healthcare for rural cocoa farming communities. Through a unique model that uses cocoa farming to fund educational and health infrastructure, the Fund enables these communities to actively participate in their development.
By awarding $208,780 in grants to the Tarkwa Breman Community Alliance, Cocoa360 has helped establish a Center of Excellence that includes a girls' school, clinic, and community library. This innovative approach not only provides tuition-free education and subsidized healthcare services but also ensures that community members are directly involved in running a community-operated cocoa farm. This model fosters self-sustainability and empowers residents, putting them in control of their development.
Cocoa360’s mission extends beyond immediate benefits in education and health; it aims to replicate its successful approach in rural farming communities globally, creating a ripple effect of empowerment and resourcefulness in areas that often face underdevelopment.
This information is meant to be a general summary of Cocoa360 Fund. 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.
- Gross Receipts: $229,424
Assets and Liabilities:
- Total Assets: $18,553
- Total Liabilities: $0
- Net Assets: $18,553
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Organization Details
Founding Year
2015
Phone
(215) 253-5587Principal Officer
Jerry Bosrotsi
Main Address
955 MASSACHUSETTS AVE 195, CAMBRIDGE, MA, 021393233
Website
www.cocoa360.orgNTEE Category
Code: P20 - Human services
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