Cocoa360 Fund EIN 47-4120941 Form 990 (PDF) Claim this org

Cocoa360 Fund FY2024 filing

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Empowers rural cocoa farmers by funding education and healthcare through sustainable development. For fiscal year 2024 it reported $376K in revenue, $442K in expenses, and $72K in net assets.Pt I

Founded
2015
Type
Public charity (501(c)(3)) · Human Services
Location
Cambridge, MA
Website
www.cocoa360.org
Filings
5 on file (2020–2024)
Revenue
$376KFY2024
Expenses
$442K
Net assets
$72K
People
1
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4120941 Public charity (501(c)(3)) Cambridge, MA Founded 2015
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowers rural cocoa farmers by funding education and healthcare through sustainable development.
Leadership
Shadrack Frimpong · Chief Executive Officer
Money in and out
$376K revenue, $442K expenses
Bottom line
71% program efficiency
Where the money goes · FY2024
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$442K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.00 Fundraising $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$376K
FY2024▼ -11%
Expenses
$442K
FY2024▲ +46%
Total assets
$72K
FY2024▼ -48%
Total liabilities
$0
FY2024
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$442K
Pt IX · Ln 25
Net assets
$72K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$72K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $316K of program spending, described in the organization's own filed words · FY2024.
01

The organization awarded a total of $309666 in grants to its local affiliate Cocoa360 Tarkwa Ghana to run its centre of Excellence campus - a girls School clinic and community library. In exchange of tuition-free education and subsidized healthcare services community members work on a community run cocoa farm.

$316Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCocoa360 Fund
EINHdr · item D47-4120941
Principal addressHdr · item CCambridge, MA
WebsiteHdr · item Jwww.cocoa360.org
Year of formationHdr · item L2015
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$376K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.00 Fundraising $0.29
Program services71%$316K
Management & general$200
Fundraising29%$126K
Total functional expensesLn 25$442K

Balance Sheet

Part X · end of year
CashLn 1$72K
Total assetsLn 16$72K
Total liabilitiesLn 26$0
Total net assetsLn 32$72K
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $72K · Operating expenses/yr $442K
2.0 months
Where the money goes
Program services
Program services $316K · Total expenses $442K
71%
Management & General
Management & general $200 · Total expenses $442K
0.05%
Fundraising
Fundraising $126K · Total expenses $442K
29%
Cost to raise $1
Fundraising expense (3-yr avg) $54K · Solicited contributions (3-yr avg) $343K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $376K · Total revenue $376K
100%
Government reliance
Government grants $0 · Total revenue $376K
0%
Earned-income share
Program service revenue $0 · Total revenue $376K
0%
Investment reliance
Investment income $0 · Total revenue $376K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $442K
0%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $422K
-11%
Revenue CAGR
FY2020 $224K · FY2024 $376K
+14%
Net-asset trend (YoY)
End of year $72K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $442K
-18%
Liabilities-to-Assets
Total liabilities — · Total assets $72K
Net-asset ratio
Net assets $72K · Total assets $72K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $72K
0%
People & payroll
Highest Reported Total Compensation
Individual Shadrack Frimpong · Reported title Chief Executive Officer · Highest reported compensation $0 · Total expenses $442K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $442K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 0.05%
Fundraising cost ratio 34%
Revenue growth -11%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.2%
Fundraising fee ratio 0%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$350K

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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)$523K revenue · ⤓ 990 PDF
FY2024$376K revenue · viewing · ⤓ 990 PDF
FY2023$422K revenue · ⤓ 990 PDF
FY2022$229K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$224K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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