Overview
What is Community Cooperative?
Community Cooperative is a dedicated nonprofit organization situated in Washington, D.C. Their primary mission is to empower entrepreneurs and organizations that are committed to fostering the cooperative economy. They accomplish this by providing essential resources such as funding, training, workshops, and networking opportunities. The organization has spearheaded various initiatives, including the Francesco Collaborative, which has facilitated multiple Livable Future workshops and cultivated a network of 50 cooperative leaders for ongoing collaboration. Community Cooperative has also organized numerous community-building forums and educational events, including a trip to North Carolina to learn from a worker cooperative ecosystem. They have developed resources like case studies featuring alternative economy leaders to foster a community of practice within Catholic philanthropy and the solidarity economy movement.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
Community Cooperative has received a two-star rating from Charity Navigator, indicating a fair level of accountability and financial health. The organization's score reflects a strong program expense ratio of 97.65%, suggesting that a significant portion of their resources is directed towards their programs rather than administrative costs. However, the lack of financial statements and various policy documents on their website raises concerns about transparency and governance.
The nonprofit benefits from a strong governance structure, with 80% of its board members being independent. This high level of independence in board members is a positive aspect, contributing to oversight and accountability. Additionally, the organization has demonstrated no material diversion of assets, indicating a commitment to proper stewardship of resources.
Despite these strengths, there are notable limitations, particularly in the areas of financial documentation and policy disclosures. The absence of key documents such as financial statements, a whistleblower policy, and a conflict of interest policy on their website may hinder trust and transparency for potential donors and stakeholders. Moving forward, addressing these gaps could enhance Community Cooperative's overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Community Cooperative legitimate?
Community Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Cooperative 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: $22,212
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,519
For more financial information, click here
What is the mission statement of Community Cooperative?
The Community Cooperative's mission is centered around supporting entrepreneurs and organizations striving to progress the cooperative economy. This is achieved by providing them with essential resources such as funding, training, workshops, networks, and tools necessary for their success. The organization facilitates collaborative opportunities, like the Livable Future workshop, and hosts community-building events and educational forums. Furthermore, they develop case studies and resources to foster a community of practice for leaders in the field of Catholic philanthropy and the solidarity economy movement.
What is the revenue of Community Cooperative?
Community Cooperative's revenue in 2023 was $1,112,750.
Who are the executives of Community Cooperative and what are their salaries?
The average compensation at Community Cooperative during 2023 was $15,866. There are 2 employees and 20 volunteers at Community Cooperative.
Here are 8 key members and their salaries:
- Compensation: $22,212
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Cooperative?
Community Cooperative's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Cooperative
Community Cooperative, as an organization, is committed to supporting entrepreneurs and organizations striving to progress the cooperative economy. They achieve this by connecting them to essential resources such as funding, training, workshops, networks, and tools necessary for their success. The cooperative economy refers to businesses and initiatives owned and managed collectively by their members, promoting equality and shared decision-making. Community Cooperative's mission is to be a catalyst for this movement, fostering a community of practice among leaders in Catholic philanthropy and the solidarity economy movement. They do this by organizing educational forums, facilitating workshops, and building resources to empower these entrepreneurs and organizations. By connecting and supporting these individuals and groups, Community Cooperative aims to contribute to the growth and success of the cooperative economy.
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Impact
July, 2024
Community Cooperative's impact can be seen in the support it provides to entrepreneurs and organizations working to advance the cooperative economy. Through funding, training, workshops, networks, and other resources, Community Cooperative has facilitated the success of multiple initiatives. For example, the Francesco Collaborative, a core project, has brought together participants through the Livable Future workshop and created an alumni community for continued collaboration. Additionally, Community Cooperative has organized forums for community building and education, including immersive trips to worker cooperative ecosystems. By providing resources like case studies and fostering a community of practice, Community Cooperative plays a vital role in supporting leaders in Catholic philanthropy and the solidarity economy movement.
This information is meant to be a general summary of Community Cooperative. 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: $325,111
- Gross Receipts: $1,112,750
Assets and Liabilities:
- Total Assets: $432,693
- Total Liabilities: $81,481
- Net Assets: $351,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting
Revenue
$273,520
Workshops
Revenue
$51,591
Organization Details
Founding Year
2018
Principal Officer
Justin Rydstrom
NTEE Category
Code: V30 - Social research
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