The Educators' Cooperative
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$300,620.64
Projected Expenses
$205,507.83
Organizational Budgets and Other Documents
| 2023 Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget | 2021 |
| 2019-2021 Budgets and Projections | 2020 |
| 2017-2019 Budgets and Projections | 2019 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $98,269.00 | $78,687.00 | $45,786.00 |
| Total Expenses | $212,850.00 | $211,974.00 | $197,241.00 |
| Revenue Less Expenses | ($114,581.00) | ($133,287.00) | ($151,455.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $56,340.00 | $0.00 |
| Contributions, Gifts, and Grants | $97,940.00 | $22,078.00 | $42,615.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $19.00 | $2,550.00 |
| Investment Income, Net of Losses | $329.00 | $250.00 | $621.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $96,342.00 | $119,551.00 | $116,648.00 |
| Administration Expense | $116,508.00 | $68,935.00 | $53,331.00 |
| Fundraising Expense | $0.00 | $23,488.00 | $27,262.00 |
| Total Revenue/Total Expenses | 46% | 37% | 23% |
| Program Expense/Total Expenses | 45% | 56% | 59% |
| Fundraising Expense/Contributed Revenue | 0% | 11% | 14% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $97,940.00 | Government Grants $56,340.00 | Contributions, Gifts and Grants $42,615.00 |
| Second Highest Funding Source & Dollar Amount | Investment Income $329.00 | Contributions, Gifts, and Grants $22,078.00 | Program Revenue $2,550.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $250.00 | Investment Income $621.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $115,971.00 | $229,250.00 | $357,475.00 |
| Current Assets | $111,492.00 | $228,759.00 | $356,820.00 |
| Long-Term Liabilities | $6,406.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $5,104.00 | $42.00 |
| Total Net Assets | $109,565.00 | $224,146.00 | $357,433.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Form 990s
| 2022 EdCo 990EZ | 2022 |
| 2021 990 EdCo | 2021 |
| 2020 TEC 990 PUBLIC DISCLOSURE | 2020 |
| 2019 TEC 990 PUBLIC DISCLOSURE | 2019 |
Audit Documents
| EdCo 2022 Financial Compilation | 2022 |
| EdCo Audit & Financial Statement 2021 | 2021 |
| Educators' Cooperative Audit 2020 | 2020 |
| Educators' Cooperative Financial Statement | 2019 |
Foundation Staff Comments
| Financial figures taken from the Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Kraft CPAs, PLLC. Comments provided by Hayley Sulfridge 8/3/23. |
