Cooperative Development Foundation EIN 23-7044533

Cooperative Development Foundation

EIN  23-7044533 Public charity (501(c)(3)) Washington, DC Founded 1944
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/1/26 · see original filing: IRS
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Size
$1–10M
What they do
Fosters economic and community growth by supporting cooperative businesses.
Leadership
Richard Larochelle · Board Member
Money in and out
$4.6M revenue, $4.9M expenses
Bottom line
91% program efficiency

Fosters economic and community growth by supporting cooperative businesses. For fiscal year 2025 it reported $4.6M in revenue, $4.9M in expenses, and $11.4M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$4.9M
Pt IX · Ln 25
Net assets
$11.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$295K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program efficiency
91%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
28.5mo
months of highly liquid reserves at operating expense rate▼ -50% vs prior filing year
Surplus margin
-6%
revenue over expenses, this year▼ -162% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$4.6M
FY2025▲ +86%
Expenses
$4.9M
FY2025▲ +120%
Total assets
$12.9M
FY2025▲ +12%
Total liabilities
$1.6M
FY2025▲ +117%
Total revenue
$4.6M
Pt VIII · Ln 12
Total expenses
$4.9M
Pt IX · Ln 25
Net assets
$11.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$295K
Total assetsPt X · Ln 16$12.9M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $4.5M of program spending, described in the organization's own filed words · FY2025.
01

National Co-Op Support System

CDF strengthens and aligns co-op support organizations - such as researchers, funders, and developers - to ensure cooperatives can access actionable knowledge, patient capital, and high quality education and technical assistance.

$2.6Mprogram expense
02

Cross-Sector Outreach & Leadership Development

CDF engages and builds the capacity of new cooperators, including young people and people in adjacent movements, and offer cross-sector training and leadership development.

$1.6Mprogram expense
03

Place-Based Demonstration

Through local demonstrations, CDF learns what it takes to create robust and connected cooperative economies, and we spread the resulting models to other communities.

$377Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCooperative Development Foundation
EINHdr · item D23-7044533
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.cdf.coop
Year of formationHdr · item L1944
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J122)
Ruling yearIRS BMFApr 1956

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Treasurer (through 9/30)
$0Pt VII · Sec A

Leslie Mead’s $158K as Executive Director is at the 68th percentile of top reported officer pay among 1237 $1–10M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$4.1M · 88%
Investment income$566K · 12%
Contributions & grants88%$4.1M
Investment income12%$566K
Program service revenue$17K
— government grantsLn 1e$375K
Total revenueLn 12$4.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.07 Fundraising $0.01
Program services91%$4.5M
Management & general7%$364K
Fundraising1%$62K
Total functional expensesLn 25$4.9M

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$12.9M
Total liabilitiesLn 26$1.6M
Total net assetsLn 32$11.4M
Months of cash on handcomputed3.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $11.7M · Operating expenses/yr $4.9M
28.5 months
Where the money goes
Program services
Program services $4.5M · Total expenses $4.9M
91%
Management & General
Management & general $364K · Total expenses $4.9M
7%
Fundraising
Fundraising $62K · Total expenses $4.9M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $71K · Solicited contributions (3-yr avg) $2.1M
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.1M · Total revenue $4.6M
88%
Government reliance
Government grants $375K · Total revenue $4.6M
8%
Earned-income share
Program service revenue $17K · Total revenue $4.6M
0%
Investment reliance
Investment income $566K · Total revenue $4.6M
+12%
Program self-sufficiency
Program service revenue $17K · Total expenses $4.9M
0%
Growth & trend
Revenue growth (YoY)
This year $4.6M · Prior year $2.5M
+86%
Revenue CAGR
FY2020 $982K · FY2025 $4.6M
+36%
Net-asset trend (YoY)
End of year $11.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.6M · Expenses $4.9M
-6%
Liabilities-to-Assets
Total liabilities — · Total assets $12.9M
Net-asset ratio
Net assets $11.4M · Total assets $12.9M
88%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $12.9M
80%
People & payroll
Highest Reported Total Compensation
Individual Richard Larochelle · Reported title Board Member · Highest reported compensation $0 · Total expenses $4.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $496K · Total expenses $4.9M
10%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 7%
Fundraising cost ratio 2%
Revenue growth 86%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$401K
Grants paid · 121 grants · $7.6M · 2020–2025
Georgia Emc Foundation INCGA · FY2025$52,936
Timber Professionals Cooperative EnterprisesFY2025$50,000
Southern Wisconsin Meat CooperativeFY2025$50,000
Green River MeatsFY2025$50,000
Farm Generations CooperativeFY2025$50,000
Ica Group IncorporatedMA · FY2025$40,873
Seed CommonsNY · FY2025$34,750
Montana Food HubFY2025$30,000
Cleveland OwnsOH · FY2025$30,000
See all 121 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$4.6M revenue · viewing · ⤓ 990 PDF
FY2024$2.5M revenue · ⤓ 990 PDF
FY2023$1.7M revenue · ⤓ 990 PDF
FY2022$3.4M revenue · ⤓ 990 PDF
FY2021$1.3M revenue · ⤓ 990 PDF
FY2020$982K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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