2023-05-25T13:12:21-05:00 2022-12-31 221478099 COHNREZNICK LLP 525 NORTH TRYON STREET CHARLOTTE NC 28202 990 2022-01-01 030264092 COOPERATIVE FUND OF THE NORTHEAST INC COOP 8008187833 PO BOX 970 WATERTOWN MA 02471 MICHA JOSEPHY EXECUTIVE DIRECTOR 8008187833 2023-05-23 1 MICHA JOSEPHY 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 7043329100 2023-05-23 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MARILYN SCHOLL PO BOX 970 WATERTOWN MA 02471 4768332 0 X WWW.COOPERATIVEFUND.ORG X 1975 MA TO ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES. 12 12 14 13 0 0 1360869 2941650 1447527 1659226 122725 167456 0 0 2931121 4768332 376500 11000 0 0 911220 1134060 0 0 60119 1450347 1521189 2738067 2666249 193054 2102083 43843231 47930923 33174460 35160069 10668771 12770854 WE ADVANCE COMMUNITY BASED, COOPERATIVE AND DEMOCRATICALLY OWNED OR MANAGED ENTERPRISES WITH PREFERENCE TO THOSE THAT SERVE LOW INCOME COMMUNITIES. 0 0 2168954 11000 1659226 PROVIDE FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFIT AND COOPERATIVE ORGANIZATIONS, PRIMARILY WITHIN THE NORTHEAST AND ENDEAVOR TO PROVIDE ASSISTANCE TO THOSE OF GREATEST NEED. 2168954 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 400 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X X MICHA JOSEPHY 8008187833 PO BOX 970 WATERTOWN MA 02471 ALFRED DUKE BOUCHARD TRUSTEE 4.00 X 0 0 0 AMETHYST CAREY TRUSTEE 4.00 X 2500 0 0 ANDREW DANFORTH TREASURER 4.00 X X 0 0 0 BONNIE HUDSPETH PRESIDENT/BOARD CHAIR 4.00 X X 0 0 0 CLARK ARRINGTON TRUSTEE 4.00 X 0 0 0 DANIEL ROSS TRUSTEE 4.00 X 0 0 0 JON RESKE TRUSTEE 4.00 X 0 0 0 JONAH FERTIG-BURD TRUSTEE 4.00 X 0 0 0 KIMBERLY LYLE VICE-PRESIDENT 4.00 X X 0 0 0 LUCAS TURNER-OWENS OUTGOING TRUSTEE 4.00 X 0 0 0 MARILYN SCHOLL TRUSTEE 4.00 X 0 0 0 MATTHEW FEINSTEIN CLERK 4.00 X X 0 0 0 SUSAN ELLIS TRUSTEE 4.00 X 2500 0 0 DORIAN GREGORY DEPUTY EXECUTIVE DIRECTOR 40.00 X 129200 0 3876 MICHA JOSEPHY EXECUTIVE DIRECTOR 40.00 X 140752 0 4223 274952 0 8099 2 0 0 0 0 2774994 166656 2941650 INTEREST ON PROGRAM LO 900099 1525949 1525949 OTHER PROGRAM LOAN FEE 900099 133277 133277 1659226 167456 167456 4768332 1659226 0 167456 11000 11000 278052 189075 80635 8342 761107 517554 220720 22833 8961 6093 2599 269 5733 3898 1663 172 80207 54541 23260 2406 19761 19761 57376 4016 30983 22377 66432 49824 16608 14733 9847 1166 3720 42504 31628 10876 65754 49315 16439 591858 591858 10008 5004 5004 TECHNICAL ASSISTANCE 318260 318260 ADDITION TO LOSS RESERV 315116 315116 DUES AND SUBSCRIPTIONS 10460 5230 5230 8927 6695 2232 2666249 2168954 437176 60119 5271501 3964041 15760456 15503694 5567 22726760 28384241 78947 78947 43843231 47930923 347397 352211 2297295 524233 87735 88545 30442033 34195080 33174460 35160069 X 10338351 12440434 330420 330420 10668771 12770854 43843231 47930923 2102083 0 X 0 1 X 1 1 1 X 2113677 947116 250006 1360869 2941650 7613318 2113677 947116 250006 1360869 2941650 7613318 7613318 208273 167645 134384 122725 167456 800483 8413801 6983910 0.90490 0.87900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SOCIAL INVESTOR LOANS 32945080 LINES OF CREDIT 1250000 34195080 X 4768332 0 4768332 0 4768332 2666249 0 2666249 0 2666249 PART X, LINE 2: COOPERATIVE FUND OF THE NORTHEAST, INC ("CFNE") IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE STATUTES. CFNE DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, CFNE DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY CFNE ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2019 REMAIN OPEN. 1 ROZZIE BOUND CO-OP 739 SOUTH ST ROSLINDALE MA 02131 853459562 0 10000 BUSINESS STABILIZATION 1 PART I, LINE 2: WHEN A GRANT PROGRAM IS RUN, APPLICANTS MUST SUBMIT AN APPLICATION CONFIRMING THAT THE APPLICANT IS ELIGIBLE AND THAT THEIR PLANNED USES FOR THE GRANT ALIGN WITH THE GRANT INTENTION. THE E.D. AND PROGRAM MANAGER REVIEW THE APPLICATIONS AND MAKE DECISIONS ON GRANT APPROVALS, SOMETIMES IN CONSULTATION WITH OTHER STAFF MEMBERS. BEFORE FUNDING A GRANT AGREEMENT IS SIGNED WITH THE AWARDEE LINING OUT THE GRANT EXPECTATIONS. CFNE COLLECTS NECESSARY DATA FROM GRANTEES TO ENSURE THAT ALL GRANT OBLIGATIONS ARE MET. MATTHEW FEINSTEIN CLERK, BOARD OF TRUSTEES SUPPORT OF MISSION X 78000 58714 0 1 1 BONNIE HUDSPETH PRESIDENT, BOARD OF TRUSTEES SUPPORT OF MISSION X 5000 5638 0 1 1 MICHA JOSEPHY EXECUTIVE DIRECTOR SUPPORT OF MISSION X 2000 3050 0 1 1 SUSAN ELLIS MEMBER, BOARD OF TRUSTEES SUPPORT OF MISSION X 2000 21143 0 1 1 88545 FORM 990, PART VI, SECTION A, LINE 4 IN OCOTBER OF 2022 THE BOARD APPROVED AN AMENDED BYLAW TO IMPLEMENT TERM LIMITS. IN 2022 THE ORGANIZATION CHANGED IT'S NAME, WHICH REFLECTED IN AN AMENDMENT TO THE ARTICLES OF INCORPORATION. THE BY-LAWS WERE NOT FORMALLY CHANGED WITH RESPECT TO THE NAME UNTIL MARCH OF 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY BOARD AND KEY EMPLOYEES RESUBMIT FORMS DESIGNED TO IDENTIFY ALL CONFLICTS AND POTENTIAL CONFLICTS. ONCE COLLECTED ALL CONFLICTS ARE ADDRESSED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWS EXECUTIVE DIRECTOR PERFORMANCE AND COMPENSATION AT OTHER COMPARABLE ENTITIES. THE BOARD THEN APPROVES EXECUTIVE COMPENSATION FOR THE COMING YEAR AND ADOPTS THAT FIGURE INTO THE BUDGET. COMPENSATION OF OTHER EMPLOYEES IS DETERMINED BY THE BOARD AND THE EXECUTIVE DIRECTOR ANNUALLY AND INCORPORATED INTO THE BUDGET. FORM 990, PART VI, SECTION C, LINE 19 FORM 990 IS AVAILABLE ONLINE AT GUIDESTAR.ORG. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. COOPERATIVE CAPITAL FUND OF NEW ENGLAND PO BOX 970 WATERTOWN MA 02471 208980039 FINANCIAL AND EDUCATIONAL ASSISTANCE TO NONPROFITS MA 501(C)(3) LINE 7 CFNE 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0