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Cooperative Fund Of The Northeast Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030264092 ✦ Watertown, MA ✦ Designated as a 501(c)(3)

Overview

What is Cooperative Fund Of The Northeast Inc?

Cooperative Fund of the Northeast Inc is a nonprofit organization situated in Watertown, Massachusetts. Their primary focus is to provide financial and educational assistance to nonprofit and cooperative organizations, with a special emphasis on aiding those in greatest need. Their mission is to promote community-based, cooperative, and democratically owned or managed enterprises, with a preference towards those serving low-income communities. They currently have a team of 14 individuals dedicated to their cause.


Official website here: www.cooperativefund.org

Is Cooperative Fund Of The Northeast Inc legitimate?

Cooperative Fund Of The Northeast Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperative Fund Of The Northeast 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.

Here are some key statistics you may want to consider:

Executive Compensation: $278,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $761,107

For more financial information, click here


Official website here: www.cooperativefund.org

What is the mission statement of Cooperative Fund Of The Northeast Inc?

The Cooperative Fund of the Northeast Inc's mission is centered around supporting community-based, cooperative, and democratically owned or managed enterprises. They particularly show preference towards enterprises that serve low-income communities. To accomplish this, the organization provides both financial and educational assistance to nonprofit and cooperative organizations, primarily focusing on those in need within the Northeast region. Their primary goal is to foster the growth and success of these cooperatives, ultimately contributing to the betterment of their respective communities.


Official website here: www.cooperativefund.org

Who is the CEO of Cooperative Fund Of The Northeast Inc?

Marilyn Scholl is the Trustee of Cooperative Fund Of The Northeast Inc.


Official website here: www.cooperativefund.org

What is the revenue of Cooperative Fund Of The Northeast Inc?

Cooperative Fund Of The Northeast Inc's revenue in 2022 was $4,768,332.


Official website here: www.cooperativefund.org

Who are the executives of Cooperative Fund Of The Northeast Inc and what are their salaries?

The average compensation at Cooperative Fund Of The Northeast Inc during 2022 was $74,226. There are 14 employees and 13 volunteers at Cooperative Fund Of The Northeast Inc.

Here are 15 key members and their salaries:

    Micha Josephy (Executive Director)
  • Compensation: $140,752
  • Related: $0
  • Other: $4,223

    • Dorian Gregory (Deputy Executive Director)
  • Compensation: $129,200
  • Related: $0
  • Other: $3,876

    • Amethyst Carey (Trustee)
  • Compensation: $2,500
  • Related: $0
  • Other: $0

    • Susan Ellis (Trustee)
  • Compensation: $2,500
  • Related: $0
  • Other: $0

    • Alfred Duke Bouchard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Danforth (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bonnie Hudspeth (President/Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clark Arrington (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daniel Ross (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jon Reske (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jonah Fertig-Burd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kimberly Lyle (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lucas Turner-Owens (Outgoing Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marilyn Scholl (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Feinstein (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.cooperativefund.org

    Where can I find the form 990 for Cooperative Fund Of The Northeast Inc?

    The Cooperative Fund Of The Northeast Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.cooperativefund.org

    Learn more at the official website: www.cooperativefund.org

    Mission Statement of Cooperative Fund Of The Northeast Inc

    The Cooperative Fund of the Northeast Inc is committed to promoting and supporting community-based, cooperative, and democratically owned or managed enterprises. Their mission is to advocate for these types of enterprises, with a particular focus on those that serve low-income communities. In pursuit of this goal, the Cooperative Fund provides both financial and educational assistance to nonprofit and cooperative organizations, primarily within the Northeast region. The organization strives to extend its aid to those in greatest need.

    Impact

    This information is meant to be a general summary of Cooperative Fund Of The Northeast Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The impact of the Cooperative Fund Of The Northeast Inc is profound in advancing community-based, cooperative, and democratically owned or managed enterprises. By providing financial and educational assistance to cooperative organizations primarily within the Northeast region, they strive to uplift those in greatest need. Their mission is to support enterprises that serve low-income communities, promoting economic empowerment and sustainable solutions. Through their efforts, they are driving positive change and fostering a more inclusive and cooperative economy.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $167,456
  • Program Service Revenue: $1,659,226
  • Gross Receipts: $4,768,332

    • Assets and Liabilities:
  • Total Assets: $47,930,923
  • Total Liabilities: $35,160,069
  • Net Assets: $12,770,854
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON PROGRAM LO

    Revenue

    $1,525,949

    OTHER PROGRAM LOAN FEE

    Revenue

    $133,277

    Organization Details

    Founding Year

    1975

    Principal Officer

    Marilyn Scholl

    Main Address

    PO BOX 970, WATERTOWN, MA, 02471

    NTEE Category

    Code: T50Z - Philanthropy

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