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Cooperative Development Foundation EIN 23-7044533

Cooperative Development Foundation FY2020 filing

EIN  23-7044533 Public charity (501(c)(3)) Washington, DC Founded 1944
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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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
Larry Blanchard · Director
Money in and out
$982K revenue, $1.9M expenses
Bottom line
89% program efficiency

Fosters economic and community growth by supporting cooperative businesses. For fiscal year 2020 it reported $982K in revenue, $1.9M in expenses, and $10.4M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$982K
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$10.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$893K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.08 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
68.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
-91%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$982K
FY2020
Expenses
$1.9M
FY2020
Total assets
$11.1M
FY2020
Total liabilities
$703K
FY2020
Total revenue
$982K
Pt VIII · Ln 12
Total expenses
$1.9M
Pt IX · Ln 25
Net assets
$10.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$893K
Total assetsPt X · Ln 16$11.1M
Program-expense ratioPt IX · col B89%
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 $1.7M of program spending, described in the organization's own filed words · FY2020.
01

2) Education and Research - We fund and disseminate materials and research about cooperatives and economic issues impacting communities historically excluded because of discrimination and geography such as research into expansion of broadband into rural communities and through research into the impact of technology on worker and…

$1.1Mprogram expense
02

Through its grant and loan funds as well as its unrestricted revenue, CDF makes grants and loans to cooperatives, cooperative development organizations, cooperative lenders, universities and groups organizing cooperatives.

$429Kprogram expense
03

3) Awareness - Raising the awareness of cooperatives as an economic alternative both domestically and abroad, including the impact of cooperatives on healthy, sustainable and equitable communities.

$127Kprogram 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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Tank
Director
$0Pt VII · Sec A
Judy Ziewacz
Director
$0Pt VII · Sec A
Christina Jennings
Secretary/Treasurer
$0Pt VII · Sec A
Deborah Trocha
Vice Chair
$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$705K · 72%
Investment income$307K · 31%
Program service revenue$7K · 1%
Contributions & grants72%$705K
Investment income31%$307K
Program service revenue1%$7K
— government grantsLn 1e$213K
Total revenueLn 12$982K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.08 Fundraising $0.04
Program services89%$1.7M
Management & general8%$143K
Fundraising4%$70K
Total functional expensesLn 25$1.9M

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$11.1M
Total liabilitiesLn 26$703K
Total net assetsLn 32$10.4M
Months of cash on handcomputed7.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.7M · Operating expenses/yr $1.9M
68.5 months
Where the money goes
Program services
Program services $1.7M · Total expenses $1.9M
89%
Management & General
Management & general $143K · Total expenses $1.9M
8%
Fundraising
Fundraising $70K · Total expenses $1.9M
4%
Cost to raise $1
Fundraising expense $70K · Solicited contributions $491K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $705K · Total revenue $982K
72%
Government reliance
Government grants $213K · Total revenue $982K
22%
Earned-income share
Program service revenue $7K · Total revenue $982K
1%
Investment reliance
Investment income $307K · Total revenue $982K
+31%
Program self-sufficiency
Program service revenue $7K · Total expenses $1.9M
0%
Growth & trend
Revenue growth (YoY)
This year $982K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $10.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $982K · Expenses $1.9M
-91%
Liabilities-to-Assets
Total liabilities — · Total assets $11.1M
—
Net-asset ratio
Net assets $10.4M · Total assets $11.1M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $8.5M · Other securities (Pt X, ln 12) $1.0M · Total assets (Pt X, ln 16) $11.1M
85%
People & payroll
Highest Reported Total Compensation
Individual Larry Blanchard · Reported title Director · Highest reported compensation $0 · Total expenses $1.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $236K · Total expenses $1.9M
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 8%——
Fundraising cost ratio 10%——
Investment management fee ratio 0%——
Accounting fee ratio 3%——

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
Robert Wood Johnson FoundationFY2024$394K
Chs FoundationFY2024$8K
Total grants receivedfrom 2 funders$401K
Grants paid · 121 grants · $7.6M · 2020–2025
Cooperative League of the United States of AmericaDC · FY2025$1,745,248
University of Colorado FoundationCO · FY2025$483,212
Kansas State University FoundationKS · FY2025$249,469
Cooperative Development Institute INCMA · FY2025$84,400
Georgia Emc Foundation INCGA · FY2025$52,936
Florida Electric Cooperatives Association INCFL · FY2025$52,936
University of Wisconsin FoundationWI · FY2025$52,281
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
North American Students of CooperationMI · FY2025$33,500
Beverly-Vermont Community Land TrustCA · FY2025$30,000
Montana Food HubFY2025$30,000
Cleveland OwnsOH · FY2025$30,000
Kentucky Center for Agriculture and Rural DevelopmentKY · FY2025$25,000
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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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