Overview
What is Cooperatives For A Better World?
Cooperatives for a Better World is a Manchester, New Hampshire-based nonprofit organization that focuses on advancing cooperative businesses. They are committed to growing the entrepreneur pipeline, strengthening the cooperative ecosystem, and equipping cooperative entrepreneurs with essential skills and tools. Through their programs, they connect these businesses with the necessary capital to thrive. Their recent initiatives include granting funds to ten graduates through their Quantum Leap Fund program and fiscal sponsorship.
Official website here: www.start.coop/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating.
Cooperatives For A Better World has received a moderate rating, indicating some strengths in governance and financial accountability. The organization boasts full scores in various areas, including independent board members, conflict of interest policies, and the documentation of board meeting minutes. These aspects suggest a commitment to transparency and effective governance practices.
However, the organization's rating is significantly impacted by its fundraising efficiency, which received a score of zero. This raises concerns about its ability to generate funds effectively, which could limit its operational capacity and programmatic reach. Additionally, a score of zero in the working capital ratio indicates potential challenges in managing short-term financial obligations, which is crucial for sustainability.
Overall, while Cooperatives For A Better World exhibits strong governance practices, the low fundraising efficiency and working capital ratios highlight areas that need improvement for enhanced financial health and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cooperatives For A Better World legitimate?
Cooperatives For A Better World is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperatives For A Better World 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $230,694
For more financial information, click here
Official website here: www.start.coop/
What is the mission statement of Cooperatives For A Better World?
Cooperatives for a Better World is committed to fostering the growth of the next generation of cooperative businesses. Through their efforts, they aim to expand the entrepreneur pipeline and fortify the cooperative ecosystem. Additionally, they equip cooperative entrepreneurs with essential skills and tools for success. Lastly, they facilitate connections between cooperative businesses and the necessary capital to ensure their continued thriving.
Official website here: www.start.coop/
Who is the CEO of Cooperatives For A Better World?
Howard Brodsky is the Director of Cooperatives For A Better World.
Official website here: www.start.coop/
What is the revenue of Cooperatives For A Better World?
Cooperatives For A Better World's revenue in 2022 was $15,533,513.
Official website here: www.start.coop/
Who are the executives of Cooperatives For A Better World and what are their salaries?
The average compensation at Cooperatives For A Better World during 2022 was $57,674. There are 4 employees and 8 volunteers at Cooperatives For A Better World.
Here are 8 key members and their salaries:
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Official website here: www.start.coop/
Where can I find the form 990 for Cooperatives For A Better World?
Cooperatives For A Better World's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.start.coop/
Learn more at the official website: www.start.coop/
Mission Statement of Cooperatives For A Better World
Cooperatives for a Better World, a dedicated nonprofit organization, is committed to fostering the growth of the next generation of cooperative businesses. By focusing on three key areas, this charitable entity strives to make a substantial impact.
First and foremost, Cooperatives for a Better World works to expand the pipeline of cooperative entrepreneurs and fortify the cooperative ecosystem. This is accomplished through various educational initiatives and networking opportunities that help bring new cooperative businesses into existence.
Second, the organization is dedicated to providing cooperative entrepreneurs with the essential skills and tools they need to succeed. Whether it's through workshops, mentoring programs, or access to valuable resources, Cooperatives for a Better World is there to help cooperative businesses get off the ground and thrive.
Lastly, Cooperatives for a Better World plays a vital role in connecting cooperative businesses with the necessary capital to grow and prosper. By fostering partnerships and creating opportunities for investment, this nonprofit organization bridges the gap between capital and cooperative enterprises, ensuring they have the financial resources they need to flourish.
In summary, Cooperatives for a Better World is a passionate advocate for the next generation of cooperative businesses. Through its various initiatives, the organization works to expand the pipeline of cooperative entrepreneurs, equip them with the necessary skills and tools, and connect them with the capital they need to succeed. This holistic approach sets the stage for a vibrant and thriving cooperative ecosystem.
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Impact
October, 2024
Cooperatives For A Better World significantly impacts the development of cooperative businesses by focusing on three key areas. Firstly, it strengthens the entrepreneur pipeline and enhances the cooperative ecosystem, fostering a community that supports emerging cooperative ventures. Secondly, the organization equips these entrepreneurs with essential skills and tools for success, ensuring that they are well-prepared to navigate the challenges of starting and running a cooperative business. Lastly, it connects cooperative enterprises with the necessary capital, enabling them to thrive and expand.
Through initiatives like the Quantum Leap Fund program, Cooperatives For A Better World has provided crucial financial support, awarding grants to accelerator graduates, which directly contributes to their growth and sustainability. By nurturing the next generation of cooperative businesses, the organization plays a vital role in promoting economic resilience and community engagement. Located in Manchester, NH, its efforts make a meaningful difference in the cooperative sector and beyond.
This information is meant to be a general summary of Cooperatives For A Better World. 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: $6,123
- Program Service Revenue: $375,876
- Gross Receipts: $15,533,513
Assets and Liabilities:
- Total Assets: $714,788
- Total Liabilities: $28,160
- Net Assets: $686,628
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting
Revenue
$149,167
Fiscal Sponsor Income
Revenue
$226,709
Organization Details
Founding Year
2017
Phone
(617) 949-6696Principal Officer
Howard Brodsky
Main Address
670 N Commercial St 3rd Fl, Manchester, NH, 03101
Website
www.start.coop/NTEE Category
Code: A30 - Arts
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