Provide technical and research assistance to groups who wish to organize as cooperatives

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$99K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$99K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $65K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$46K
20% of total assets
Looks good: liabilities are 20% 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
$449K
Spent
$395K
To programs
51%
Net assets
$186K
By yearFY2020–FY2024
Revenue
$449K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$449K
FY2021$419K
FY2022$471K
FY2023$408K
FY2024$525K
Expenses
$395K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$395K
FY2021$373K
FY2022$384K
FY2023$444K
FY2024$507K
Net assets
$186K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$186K
FY2021$233K
FY2022$320K
FY2023$284K
FY2024$301K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2019.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $200K Management & general 49% · $195K

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; $99K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$99,318Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Sectretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Noemi Giszpenc’s $76K as Executive Director is at the 52nd percentile of top reported officer pay among 1708 $100K–1M community development 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Margaret R Fogarty————$99,318
Margaret R Fogarty End 1221———$94,196—
Noemi Giszpenc$75,721$5,808———
William Walker——$12,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Helps groups organize as cooperatives with technical and research support.

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Provided by the organization

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1 program · $200K · in their own filed words · FY2020
01

Provide technical and research assistance to cooperatively owned businesses, as well as educational programming.

$200Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$449K
Ln 12
Gifts and grantsLn 1h$428K
Fees for servicesLn 2g$20K
Investment incomeLn 3$203
Money outPt IX
$395K
Ln 25
Programscol B$200K
Managementcol C$195K
Owns and owesPt X
$186K
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$233K
LiabilitiesLn 26$46K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$428K
Government grantsLn 1e$423K
Fees for servicesLn 2g$20K
Investment incomeLn 3$203
Other incomeLn 4–11$42
Total revenueLn 12$449K
Assets in detailPt X, end of year
SavingsLn 2$149K
Cash and savings togetherLn 1–2$149K
Other assetsLn 15$530
Total assetsLn 16$233K
LiabilitiesLn 26$46K
Net assetsLn 32$186K
OperationsPt I, VI
EmployeesI 56
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
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$115K$149K
Total assetsLn 16$115K$233K
LiabilitiesLn 26$0$46K
Net assetsLn 32$115K$186K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$40K$61K
Other salaries and wagesLn 7$122K$49K$73K
Other employee benefitsLn 9$6K$2K$4K
Payroll taxesLn 10$18K$7K$11K
Legal feesLn 11b$113$113
Accounting feesLn 11c$25K$10K$15K
Other fees for servicesLn 11g$89K$70K$19K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$7K$4K$4K
Information technologyLn 14$3K$1K$2K
OccupancyLn 16$6K$2K$4K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$14$6$8
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$10K$10K$46
Total functional expensesLn 25$395K$200K$195K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $525K$507K$18K$301K 990 PDF
FY2023 $408K$444K−$36K$284K 990 PDF
FY2022 $471K$384K$87K$320K 990 PDF
FY2021 $419K$373K$46K$233K 990 PDF
FY2020 Viewing $449K$395K$53K$186K 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 $448,619 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $224,417$428,480
I-9 Program service revenuePrior year $19,527$19,894
I-10 Investment incomePrior year $550$203
I-11 Other revenuePrior year $125$42
I-12 Total revenuePrior year $244,619$448,619
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $211,798$246,877
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $90,674$148,585
I-18 Total expensesPrior year $302,472$395,462
I-19 Revenue less expensesPrior year −$57,853$53,157
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $448,619 across 7 lines filed
VIII-1b Membership dues$5,550
VIII-1e Government grants$422,930
VIII-1h Total contributions, gifts and grants$428,480
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,894$19,894
VIII-3 Investment incomeExcluded from tax $203$203
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $42$42
VIII-12 Total revenueRelated to mission $19,936 · Unrelated business $0 · Excluded from tax $203$448,619
Part IX · Statement of functional expenses $395,462 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,496 · Management $60,743$101,239
IX-7 Other salaries and wagesPrograms $48,712 · Management $73,068$121,780
IX-9 Other employee benefitsPrograms $2,429 · Management $3,642$6,071
IX-10 Payroll taxesPrograms $7,115 · Management $10,672$17,787
IX-11b Legal feesPrograms $113$113
IX-11c Accounting feesPrograms $10,041 · Management $15,231$25,272
IX-11g Other fees for servicesPrograms $70,350 · Management $18,964$89,314
IX-12 Advertising and promotionPrograms $2,215$2,215
IX-13 Office expensesPrograms $3,599 · Management $3,598$7,197
IX-14 Information technologyPrograms $1,040 · Management $1,561$2,601
IX-16 OccupancyPrograms $2,480 · Management $3,720$6,200
IX-17 TravelPrograms $2,158$2,158
IX-19 Conferences, conventions and meetingsPrograms $6 · Management $8$14
IX-23 InsuranceManagement $3,926$3,926
IX-24 Other expenses (24a–d)Programs $9,529 · Management $46$9,575
IX-25 Total functional expensesPrograms $200,283 · Management $195,179 · Fundraising $0$395,462
Part X · Balance sheet $232,825 assets, 10 lines filed
X-2 Savings and temporary cash investmentsStart of year $115,025$148,666
X-4 Accounts receivableStart of year $0$79,613
X-9 Prepaid expenses and deferred chargesStart of year $0$4,016
X-15 Other assetsStart of year $0$530
X-16 Total assetsStart of year $115,025$232,825
X-17 Accounts payable and accrued expensesStart of year $0$46,383
X-26 Total liabilitiesStart of year $0$46,383
X-27 Net assets without donor restrictionsStart of year $115,025$186,442
X-32 Total net assets or fund balancesStart of year $115,025$186,442
X-33 Total liabilities and net assetsStart of year $115,025$232,825
Part XI · Reconciliation of net assets $186,442 net assets at year end
XI-1 Total revenue$448,619
XI-2 Total expenses$395,462
XI-3 Revenue less expenses$53,157
XI-4 Net assets at start of year$115,025
XI-8 Prior period adjustments$18,260
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$186,442

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

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