Cohere USA INC EIN 82-4244279 Form 990 (PDF) Claim this org

Cohere USA INC

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Empowers urban refugees and displaced people through support, advocacy, and global networking. For fiscal year 2024 it reported $52K in revenue, $35 in expenses, and $24K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
U Saddle Riv, NJ
Website
www.urban-refugees.org
Filings
4 on file (2020–2024)
Revenue
$52KFY2024
Expenses
$35
Net assets
$24K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  82-4244279 Public charity (501(c)(3)) U Saddle Riv, NJ
Form 990 (PDF)
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Size
<$100K
What they do
Empowers urban refugees and displaced people through support, advocacy, and global networking.
Leadership
Kubana Alexis · Board Member
Money in and out
$52K revenue, $35 expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$35
Pt IX · Ln 25
Net assets
$24K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
8335.5mo
months of highly liquid reserves at operating expense rate▲ ×58 vs prior filing year
Surplus margin
+100%
revenue over expenses, this year▲ +41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$52K
FY2024▲ +495%
Expenses
$35
FY2024▼ -99%
Total assets
$24K
FY2024▼ -25%
Total liabilities
$0
FY2024
Total revenue
$52K
Pt VIII · Ln 12
Total expenses
$35
Pt IX · Ln 25
Net assets
$24K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$24K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCohere USA INC
EINHdr · item D82-4244279
Principal addressHdr · item CU Saddle Riv, NJ
WebsiteHdr · item Jwww.urban-refugees.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q11)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $35 of program spending, described in the organization's own filed words · FY2024.
01

Capacity Building

Refugee-led organizations (RLOs) hold the potential to deliver innovative and radical solutions to their communities. Cohere has developed a capacity strengthening and sharing course with our partners with over 18 modules which aims to strengthen their organizational capacity through sessions in leadership, management, resources, finance…

$35program expense
02

Reframe

Cohere has developed an innovative online platform to provide opportunities for donors to donate directly to refugee-led organizations across the world. Whether it is a large grant from institutional donors, or an individual donor who would like to give $10 per month to a refugee-led organization, we have built a platform to enable them…

Pt IX · col B
03

Direct Funding

In 2022, Cohere gave refugee-led organizations across East Africa $500,000 of funding to support their community initatives and grow their organizations. When refugee-led organizations have the power to decide how their money is used they tend to make the best decisions.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants100%$52K
Total revenueLn 12$52K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$35
Total functional expensesLn 25$35

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$24K
Total liabilitiesLn 26$0
Total net assetsLn 32$24K
Months of cash on handcomputed8335.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $24K · Operating expenses/yr $35
8335.5 months
Where the money goes
Program services
Program services $35 · Total expenses $35
100%
Management & General
Management & general $0 · Total expenses $35
0%
Fundraising
Fundraising $0 · Total expenses $35
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $31K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $52K · Total revenue $52K
100%
Government reliance
Government grants — · Total revenue $52K
Earned-income share
Program service revenue $0 · Total revenue $52K
0%
Investment reliance
Investment income $0 · Total revenue $52K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $35
0%
Growth & trend
Revenue growth (YoY)
This year $52K · Prior year $9K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $35K · FY2024 $52K
+11%
Net-asset trend (YoY)
End of year $24K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $52K · Expenses $35
+100%
Liabilities-to-Assets
Total liabilities — · Total assets $24K
Net-asset ratio
Net assets $24K · Total assets $24K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $24K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kubana Alexis · Reported title Board Member · Highest reported compensation $0 · Total expenses $35
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $35
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 495%

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$100K

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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
FY2024 (Latest)$52K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$9K revenue · ⤓ 990 PDF
FY2021$26K revenue · ⤓ 990 PDF
FY2020$35K 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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