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Cooperative Development Foundation

Annual Report 2021

A Year of Triumphs and Transitions

Our Mission: CDF promotes and develops cooperatives to improve economic opportunities for all

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2021 was a year  of triumphs and transitions for CDF.  

 

We said goodbye to Leslie Mead, an exemplary leader who strengthened the organization’s mission, programmatic work and financial footprint during her eight-year tenure as CDF’s Executive Director. And we lost a great co-op hero, our friend and longtime CDF Board member, Chuck Snyder. Chuck’s commitment to the cooperative community inspires us and will forever live on in CDF as we continue to focus on our mission “to promote and develop cooperatives to improve economic opportunities for all,” particularly in historically underserved communities – a mission that Chuck wholeheartedly embraced.

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Mary Griffin
Executive Director

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Rich Larochelle
Board Chair

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The Cooperative Education Fund supports cooperative education, development and training, event sponsorships and conference scholarships.

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Fundraising and Events

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The development and growth of worker-owned home care cooperatives is the focus of the CDF supported National Home Care Cooperative Initiative. With the help of the Cooperative Development Fund, urban home care cooperatives  participated in a Buyer’s Journey learning cohort that examined the quantity, quality, and effectiveness of their cooperative’s digital marketing to both clients and caregivers.

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Four remarkable cooperative leaders were inducted into the Cooperative Hall of Fame at the National Press Club in Washington, DC on October 7, 2021.  

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Nearly 500 participants and twenty-six teams competed for top honors and bragging rights during the CDF Virtual Co-op 5k. From April 25 to May 1 cooperators from across the U.S. walked, jogged and ran to raise more than $56,000 to support cooperative development

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GRANTS RECEIVED BY CDF

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The Nationwide Foundation, a private foundation supported by donations from Nationwide companies, showed its continued commitment to building a more inclusive economy through cooperatives with a $60,000 grant to the Cooperative Development Foundation. This grant was used to support CDF's operations as well as NCBA CLUSA's 2021 Cooperative IMPACT Conference and Cooperative Economics Council.

 

THANK YOU DONORS

CDF is grateful for the support of more than 400 individuals and organizations. The following donors contributed more than $1,000 in 2021.

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  • ACDI/VOCA 

  • Ann Hoyt 

  • Anonymous 

  • Anonymous 

  • Capital Impact Partners 

  • CHS, Inc. 

  • Clifford P. Charles CPA 

  • CoBank 

  • Columinate and Common Good Management Services 

  • CooperationWorks! 

  • Cooperative Fund of the Northeast 

  • Credit Union National Association 

  • CSI Support & Development Services 

  • CUNA Mutual Group 

  • DC Credit Union 

  • Delaware Electric Cooperative 

  • Diego Beekman Mutual Housing Association, HDFC 

  • Edelman Sultan Knox Wood Architects 

  • Ellen Quinn 

  • Equal Exchange 

  • Forsyth Street Advisors 

  • Gallagher Affordable Housing Practice 

  • JSI 

  • Maine Cooperative Development Partners 

  • Mary Griffin 

  • Margaret Bau

  • National Co+op Grocers 

  • National Cooperative Bank 

  • National Credit Union Foundation 

  • National Information Solutions Cooperative 

  • National Milk Producers Federation 

  • National Rural Electric Cooperative Association 

  • National Rural Utilities Cooperative Finance Corporation 

  • Nationwide 

  • NCBA CLUSA 

  • Neighboring Food Co-op Association 

  • NRTC 

  • NTCA – The Rural Broadband Association 

  • Organic Valley 

  • Ralph K. Morris Foundation 

  • Randy and Mari Lee 

  • Richard and Linda Larochelle 

  • Rosemary Mahoney 

  • Seed Commons 

  • Shared Capital Cooperative 

  • Sheila Smith 

  • Sunkist Growers, Inc. 

  • Terry Lewis 

  • The ICA Group 

  • U.S. Overseas Cooperative Development Council 

  • Vernon Oakes 

  • Workforce Housing Group

 

FINANCIAL STATEMENT

CDF without Donor Restrictions

2020

2021

Support and Revenue

Contributions and Grants

87,637

80,496

Government Contracts

213,264

374,572

Special Events, Net Expenses

285,715

325,039

Investment Income/Loss

226,408

186,230

Loan Interest

-

38

In-kind Contribution

10,000

28,000

Net Assets Released from Restrictions

586,733

442,627

Total Support and Revenue

1,409,757

1,437,002

Expenses

Program

1,565,095

1,657,887

Fundraising

133,362

101,021

Management and General

194,265

142,896

Total Expenses

1,892,722

1,901,804

Net Income

(455,720)

(492,047)

CDF with Donor Restrictions

2021

2020

Support and Revenue

Contributions and Grants

233,988

117.887

Investment Income/Loss

622,504

800,326

Loan Interest

6,266

6,605

Net Assets Released from Restrictions

(422,627)

(586,733)

Total Support and Revenue

420,131

338,085

Expenses

-

-

Net Income

420,131

338,085

All CDF

2021

2020

Support and Revenue

1,857,133

1,747,842

Expenses

1,892,722

1,901,804

Net Income

(35,589)

(153,962)

Reserves

2021

2020

Without Donor Restrictions (Beginning)

3,721,478

4,213,525

Without Donor Restrictions (Ending)

3,265,758

3,721,478

With Donor Restrictions - Purpose Restrictions (Beginning)

6,327,632

5,989,547

With Donor Restrictions - Purpose Restrictions (Ending)

6,747,763

6,327,632

With Donor Restrictions - Perpetual in Nature (Beginning)

381,151

381,151

With Donor Restrictions - Perpetual in Nature (Ending)

381,151

381,151

Total Net Assets, Beginning of Year

10,430,261

10,584,223

Total Net Assets, End of Year

10,394,672

10,430,261

 

Meet The Board

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Rich Larochelle, Chair

National Rural Utilities Cooperative Finance Corporation, Retired

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Larry Blanchard

CUNA Mutual Group

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Cornelius Blanding

Federation of Southern Cooperatives/LAF

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Devin Fuhrman

Nationwide

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John Holdsclaw IV

Rochdale Capital

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Christina Jennings

Shared Capital Cooperative

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Linda Tank

CHS, Inc., Retired

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Deborah Trocha

Indiana Cooperative Development Center

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Judy Ziewacz

NCBA CLUSA, Retired

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Chuck Snyder

1953 - 2021

 

Meet Our Team

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Mary Griffin

Executive Director

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Kirstie Boyette

Associate Director

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Julia Selig

Communications and Operations Associate