COOPERATIVE FUND OF NEW ENGLAND INC

Address
5533 PEDEN POINT ROAD
WILMINGTON, NC 28409
Contact
Website: http://www.coopfund.org
Phone: +1 (910) 395-6008
Nonprofit
NTEE: T50 - Philanthropy, Charity, Voluntarism Promotion, General
EIN: 03-0264092

Mission

WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.
 20172016201520142013
Basic features of the organization
Year of formation1975
Subsection code03
PF filing required0    
Metropolitan statistical area9200
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel  $0.00$130,000.00 
Sum of reportable (W2/1099) compensation$151,087.00$146,260.00$142,000.00$115,505.00$104,110.00
Number of employees87874
Number of people compensated >$100k11111
Number of volunteers1213152020
Number of highly compensated contractors000  
Personnel
Bouchard,
TitleTRUSTEETRUSTEE   
Name of key/compensated personDUKE BOUCHARDDUKE BOUCHARD   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org4.004.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Crowell, Erbin
Title   TRUSTEETRUSTEE
Name of key/compensated person   ERBIN CROWELLERBIN CROWELL
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   4.004.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00$0.00
Danforth, Andrew
TitleTREASURERTREASURERTRUSTEETRUSTEETRUSTEE
Name of key/compensated personANDREW DANFORTHANDREW DANFORTHANDREW DANFORTHANDREW DANFORTHANDREW DANFORTH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.04.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Dunn, Rebecca
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOR   
Name of key/compensated personREBECCA DUNNREBECCA DUNN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org40.0040.00   
Reportable compensation from org$151,087.00$146,260.00   
Other comp, non-reportable, from org and related orgs$4,533.00$4,387.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Edwards, Lydia
TitleTRUSTEETRUSTEE   
Name of key/compensated personLYDIA EDWARDSLYDIA EDWARDS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org4.004.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Ellis, Susan
TitleTRUSTEETRUSTEETRUSTEETRUSTEETREASURER
Name of key/compensated personSUSAN ELLISSUSAN ELLISSUSAN ELLISSUSAN ELLISSUSAN ELLIS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.04.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Feinstein, Matthew
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personMATTHEW FEINSTEINMATTHEW FEINSTEINMATTHEW FEINSTEINMATTHEW FEINSTEINMATTHEW FEINSTEIN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.04.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Fertig, Jonah
TitleTRUSTEETRUSTEE   
Name of key/compensated personJONAH FERTIGJONAH FERTIG   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org4.004.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Fireside, Daniel
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  DANIEL FIRESIDEDANIEL FIRESIDEDANIEL FIRESIDE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  4.04.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Hanlon, Rebekah
TitleFORMER TRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personREBEKAH HANLONREBEKAH HANLONREBEKAH HANLONREBEKAH HANLONREBEKAH HANLON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.004.004.04.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Hedspeth, Bonnie
Title   TRUSTEE 
Name of key/compensated person   BONNIE HEDSPETH 
Position of compensated person
Current individual trustee or director   True 
Average hours per week working for org   4.00 
Reportable compensation from org   $0.00 
Other comp, non-reportable, from org and related orgs   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $0.00 
Hoyer, Mary
Title TRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated person MARY HOYERMARY HOYERMARY HOYERMARY HOYER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org 4.004.04.004.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Hudspeth, Bonnie
TitleCLERKCLERKTRUSTEE  
Name of key/compensated personBONNIE HUDSPETHBONNIE HUDSPETHBONNIE HUDSPETH  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org4.004.004.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Kerr, Camille
TitleTRUSTEE    
Name of key/compensated personCAMILLE KERR    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Kreis, Don
Title  TRUSTEEPRESIDENTPRESIDENT
Name of key/compensated person  DON KREISDON KREISDON KREIS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  4.04.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Morduch, Claire
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  CLAIRE MORDUCHCLAIRE MORDUCHCLAIRE MORDUCH
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  4.04.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Quattrucci, Phebe
Title    CLERK
Name of key/compensated person    PHEBE QUATTRUCCI
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    4.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Reinmann, Rebecca
Title  EXECUTIVE DIRECTOREXECUTIVE DIEXECUTIVE DI
Name of key/compensated person  REBECCA DUNN REINMANNREBECCA DUNN REINMANNREBECCA DUNN REINMANN
Position of compensated person
Average hours per week working for org  40.040.0040.00
Reportable compensation from org  $142,000.00$115,505.00$104,110.00
Other comp, non-reportable, from org and related orgs  $14,500.00$14,495.00$14,500.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Reske, Jon
TitleBOARD CHAIRBOARD CHAIRPRESIDENTVICE PRESIDEVICE PRESIDE
Name of key/compensated personJON RESKEJON RESKEJON RESKEJON RESKEJON RESKE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org4.004.004.04.004.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Romain, Lionel
Title  VICE PRESIDENTCLERKTRUSTEE
Name of key/compensated person  LIONEL ROMAINLIONEL ROMAINLIONEL ROMAIN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  4.04.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Ross, Daniel
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personDANIEL ROSSDANIEL ROSSDANIEL ROSS  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org4.004.004.0  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Scholl, Marilyn
TitleVICE PRESIDENTVICE PRESIDENTboard clerk/secretaryTRUSTEE 
Name of key/compensated personMARILYN SCHOLLMARILYN SCHOLLMARILYN SCHOLLMARILYN SCHOLL 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org4.004.004.04.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wingate, Tim
Title  TREASURERTREASURERTRUSTEE
Name of key/compensated person  TIM WINGATETIM WINGATETIM WINGATE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  4.04.004.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesWE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES.
Program service expenses, total$1,079,197.00$907,604.00$975,962.00$817,505.00$851,803.00
Programs, including revenue & expenses
PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFITCOOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND ANDENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.
Program expenses$1,079,197.00$907,604.00$975,962.00$817,505.00$851,803.00
Program revenue$1,015,877.00$951,230.00$900,908.00  
Program descriptionPROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFITCOOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND ANDENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFITCOOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND ANDENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFIT COOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND AND ENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFIT COOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND AND ENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFIT COOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN NEW ENGLAND AND ENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED.
Financial data
Revenue
Total revenue$1,481,225.00$3,514,981.00$1,274,802.00$1,155,501.00$1,239,879.00
Revenue from contributions (total)$400,422.00$2,507,218.00$350,570.00$257,586.00$462,824.00
Investment income, current yr$64,926.00$56,533.00$23,324.00$27,934.00$14,540.00
Total revenue from grants, etc., current yr$400,422.00$2,507,218.00$350,570.00$257,586.00$462,824.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$1,279.00
Net unrelated business taxable revenue$0.00$0.00   
Program service revenue (total)$1,015,877.00$951,230.00$900,908.00$869,981.00$761,236.00
Gross receipts$1,481,225.00$3,514,981.00$1,274,802.00$1,155,501.00$1,239,879.00
Sources of contributions
Revenue from gov't grants$226,475.00$2,421,505.00$160,735.00$97,500.00$99,587.00
Revenue from all other contributions$173,947.00$85,713.00$189,835.00$160,086.00$363,237.00
Other types of revenue
Royalties (total)  $0.00  
Miscellaneous revenue (total)  $0.00 $1,279.00
Net revenue from gaming (total)  $0.00  
Income from dividends, interest, and similar investments$64,926.00$56,533.00$23,324.00$27,934.00$14,540.00
Net rental income  $0.00$0.00$0.00
Net income from fundraising events  $0.00  
Net inventory sales (total)  $0.00  
Expense categories (totals)
Total functional expenses: sum of all$1,413,967.00$1,220,694.00$1,263,990.00$1,100,711.00$1,120,782.00
Total functional expenses: program service $1,079,197.00$907,604.00$975,962.00$817,505.00$851,803.00
Total functional expenses: management and general$275,952.00$254,272.00$244,424.00$261,824.00$242,396.00
Total functional expenses: fundraising$58,818.00$58,818.00$43,604.00$21,382.00$26,583.00
Fees for services
Lobbying fees (total)  $0.00  
Legal fees (total) $750.00$15,135.00$5,540.00$736.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)  $0.00  
Investment management fees (total)  $0.00  
Assets and liabilities
Total assets$26,989,728.00$24,272,362.00$20,883,507.00$20,271,645.00$18,311,486.00
Total assets, beginning of year$24,272,362.00$20,883,507.00$20,271,645.00$18,311,486.00$16,577,578.00
Total liabilities$18,576,303.00$15,926,195.00$14,831,627.00$14,230,577.00$12,318,851.00
Total liabilities, beginning of year$15,926,195.00$14,831,627.00$14,230,577.00$12,318,851.00$10,704,040.00
Pledges & accounts receivable, net  $0.00 $99,587.00
Loans & receivables from key persons  $0.00  
Unrestricted net assets, end of yr$8,083,005.00$8,015,747.00$5,721,460.00$5,685,648.00$5,662,215.00
Temporarily restricted net assets  $0.00$25,000.00 
Permanently restricted net assets, end of yr$330,420.00$330,420.00$330,420.00$330,420.00$330,420.00
Net assets$8,413,425.00$8,346,167.00$6,051,880.00$6,041,068.00$5,992,635.00
Net assets, beginning of year$8,346,167.00$6,051,880.00$6,041,068.00$5,992,635.00$5,873,538.00
Other liabilities$18,306,072.00$15,741,221.00$14,786,230.00$14,227,683.00$12,318,851.00
Bond liabilities  $0.00  
Intangible assets  $0.00  
Other assets$108,947.00$71,947.00$39,445.00$39,347.00$39,347.00
Investments: other securities  $0.00  
Investments: publicly traded securities  $0.00  
Cash: non-interest bearing$2,124,617.00$2,605,750.00$2,853,777.00$3,250,398.00$2,639,110.00
Cash: non-interest bearing, beginning of year$2,605,750.00$2,853,777.00$3,250,398.00$2,639,110.00$2,659,653.00
Investments -- program-related  $0.00  
Escrow or custodial account liability  $0.00  
Loans and other payables to key persons$45,228.00$45,986.00$45,397.00  
Grants payable  $0.00  
Inventories for sale or use  $0.00  
Other financial variables
Revenue less expenses$67,258.00$2,294,287.00$10,812.00$54,790.00$119,097.00
Advertising (total)$16,618.00$5,738.00$0.00  
Savings & temp cash investment$6,414,767.00$4,830,278.00$1,844,609.00$2,045,019.00$2,192,404.00
Accounts receivable, net  $0.00$47,000.00 
Prepaid expenses & deferred charges  $0.00$1,058.00$1,058.00
Accounts payable & accrued expenses$225,003.00$138,988.00$0.00$2,894.00 
Deferred revenue  $0.00  
Unsecured notes & loans to unrelated parties  $0.00  
Secured mortgages and notes payable  $0.00  
Total net assets or fund balances$8,413,425.00$8,346,167.00$6,051,880.00$6,041,068.00$5,992,635.00
Depreciation, depletion, amortization$1,404.00$2,286.00$6,257.00 $6,145.00
Payment to affiliates  $0.00  
Governance and accountability
Number of voting members1213141414
Number of independent voting members1112141313
Financial sheets auditedTrueTrueTrueTrue 
Audit on consolidated basisTrueTrueTrue  
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
Outstanding loan to key person or disqualified personTrueTrueTrue  
Business transaction with employeeTrueTrueTrueTrueTrue
Org has controlled entityTrueTrueTrue  
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-192018-02-012016-09-022015-08-132014-10-14
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.1
Filing identifier201821359349304217201721709349300022201611279349300571201521389349300912201431349349306083
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