CDF builds the capacity of the cooperative business community to solve societal challenges, reinforce democratic decision-making, and improve economic opportunities for all.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $156K a year · 6% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $401K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$703K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$982K
Spent
$1.9M
To programs
89%
Net assets
$10.4M
By yearFY2020–FY2025
Revenue
$982K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$982K
FY2021$1.3M
FY2022$3.4M
FY2023$1.7M
FY2024$2.5M
FY2025$4.6M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$1.8M
FY2022$1.8M
FY2023$2.8M
FY2024$2.3M
FY2025$4.9M
Net assets
$10.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$10.4M
FY2021$10.4M
FY2022$10.4M
FY2023$10.1M
FY2024$10.8M
FY2025$11.4M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1956.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $1.7M Management & general 8% · $143K Fundraising 4% · $70K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Leslie Mead’s $158K as Executive Director is at the 68th percentile of top reported officer pay among 1246 $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.

See Cooperative Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters economic and community growth by supporting cooperative businesses.

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Provided by the organization

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3 programs · $1.7M · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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 →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$982K
Ln 12
Gifts and grantsLn 1h$705K
Investment incomeLn 3$307K
Fees for servicesLn 2g$7K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.7M
Managementcol C$143K
Fundraisingcol D$70K
Owns and owesPt X
$10.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$11.1M
LiabilitiesLn 26$703K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$705K
Government grantsLn 1e$213K
Fundraising eventsLn 1c$286K
Fees for servicesLn 2g$7K
Investment incomeLn 3$307K
Gains on assetsLn 7$101K
Total revenueLn 12$982K
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$9.5M
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$11.1M
LiabilitiesLn 26$703K
Net assetsLn 32$10.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.7M$1.2M
InvestmentsLn 11–13$8.9M$9.5M
Land, buildings, equipmentLn 10c$3K$3K
Total assetsLn 16$11.1M$11.1M
LiabilitiesLn 26$555K$703K
Net assetsLn 32$10.6M$10.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.3M$1.3M
Pay of current officers, directors and key staffLn 5$105K$69K$26K$11K
Other salaries and wagesLn 7$83K$40K$14K$29K
Other employee benefitsLn 9$47K$25K$9K$14K
Accounting feesLn 11c$52K$52K
Investment management feesLn 11f$20K$16K$4K
Other fees for servicesLn 11g$55K$36K$7K$12K
Office expensesLn 13$20K$2K$16K$2K
OccupancyLn 16$5K$2K$2K$2K
TravelLn 17$229$229
Depreciation, depletion and amortizationLn 22$716$215$286$215
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$143K$138K$5K$484
Total functional expensesLn 25$1.9M$1.7M$143K$70K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.6M$4.9M−$295K$11.4M 990 PDF
FY2024 $2.5M$2.3M$254K$10.8M 990 PDF
FY2023 $1.7M$2.8M−$1.1M$10.1M 990 PDF
FY2022 $3.4M$1.8M$1.6M$10.4M 990 PDF
FY2021 $1.3M$1.8M−$495K$10.4M 990 PDF
FY2020 Viewing $982K$1.9M−$893K$10.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $982,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,020,241$704,503
I-9 Program service revenuePrior year $6,567$6,605
I-10 Investment incomePrior year $282,894$306,886
I-11 Other revenuePrior year −$42,035−$35,653
I-12 Total revenuePrior year $1,267,667$982,341
I-13 Grants and similar amounts paidPrior year $626,572$1,336,781
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $306,823$235,752
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $639,500$303,253
I-18 Total expensesPrior year $1,572,895$1,875,786
I-19 Revenue less expensesPrior year −$305,228−$893,445
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $982,341 across 9 lines filed
VIII-1c Fundraising events$285,715
VIII-1e Government grants$213,264
VIII-1f All other contributions, gifts and grants$205,524
VIII-1h Total contributions, gifts and grants$704,503
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,605$6,605
VIII-3 Investment incomeExcluded from tax $205,650$205,650
VIII-7 Net gain or loss on sales of assetsExcluded from tax $101,236$101,236
VIII-8 Net income from fundraising eventsExcluded from tax −$35,653−$35,653
VIII-12 Total revenueRelated to mission $6,605 · Unrelated business $0 · Excluded from tax $271,233$982,341
Part IX · Statement of functional expenses $1,875,786 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $1,336,781$1,336,781
IX-5 Pay of current officers, directors and key staffPrograms $68,553 · Management $26,366 · Fundraising $10,547$105,466
IX-7 Other salaries and wagesPrograms $39,817 · Management $13,909 · Fundraising $29,106$82,832
IX-9 Other employee benefitsPrograms $24,779 · Management $8,924 · Fundraising $13,751$47,454
IX-11c Accounting feesManagement $52,256$52,256
IX-11f Investment management feesPrograms $15,505 · Management $4,130$19,635
IX-11g Other fees for servicesPrograms $35,608 · Management $7,136 · Fundraising $12,475$55,219
IX-13 Office expensesPrograms $2,331 · Management $15,903 · Fundraising $1,686$19,920
IX-16 OccupancyPrograms $1,503 · Management $2,003 · Fundraising $1,503$5,009
IX-17 TravelPrograms $229$229
IX-22 Depreciation, depletion and amortizationPrograms $215 · Management $286 · Fundraising $215$716
IX-23 InsuranceManagement $7,439$7,439
IX-24 Other expenses (24a–d)Programs $137,672 · Management $4,674 · Fundraising $484$142,830
IX-25 Total functional expensesPrograms $1,662,993 · Management $143,026 · Fundraising $69,767$1,875,786
Part X · Balance sheet $11,133,173 assets, 15 lines filed
Asset lines not itemized here account for $215,031; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,658,437$1,193,920
X-3 Pledges and grants receivableStart of year $403,030$189,239
X-9 Prepaid expenses and deferred chargesStart of year $9,679$20,732
X-10c Land, buildings and equipment, netStart of year $3,283$2,567
X-11 Publicly traded securitiesStart of year $7,854,422$8,511,684
X-12 Other securitiesStart of year $1,000,000$1,000,000
X-16 Total assetsStart of year $11,139,658$11,133,173
X-17 Accounts payable and accrued expensesStart of year $241,232$163,414
X-18 Grants payableStart of year $314,203$414,525
X-19 Deferred revenue$124,973
X-26 Total liabilitiesStart of year $555,435$702,912
X-27 Net assets without donor restrictionsStart of year $4,213,525$3,721,478
X-28 Net assets with donor restrictionsStart of year $6,370,698$6,708,783
X-32 Total net assets or fund balancesStart of year $10,584,223$10,430,261
X-33 Total liabilities and net assetsStart of year $11,139,658$11,133,173
Part XI · Reconciliation of net assets $10,430,261 net assets at year end
XI-1 Total revenue$982,341
XI-2 Total expenses$1,875,786
XI-3 Revenue less expenses−$893,445
XI-4 Net assets at start of year$10,584,223
XI-5 Net unrealized gains (losses) on investments$739,483
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$10,430,261

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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