Northern Coop Foundation

Nonprofit profile at a glance

EIN
363258840
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024
Location
Wadena, MN, USA
Phone
2186311020
Rating
82
Verdict
STRONG
Rating confidence
Standard

Reported finances

Revenue
$12,889
Expenses
$9,988

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Northern Coop Foundation is a nonprofit. Location: Wadena, MN. EIN 363258840. Tax year 2024 Form 990-PF reports $12.9K revenue and $10K expenses.

What it reported funding in 2024

The foundation reported 8 grants totaling $8,000. The stated grant purpose was scholarship.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 100% of its reported charitable disbursements as grants.

The verdict

STRONG - The filing identifies who received its grants and a large share of available resources goes to charitable grants. Some filed totals do not add up.

Rating breakdown

  • Grant Deployment: 64
  • Cost Efficiency: 80
  • Transparency: 100
  • Compliance: 89
  • Endowment Health: 90

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 63.7%; rating input score 64; 11th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 80.1%; rating input score 80; 60th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 7; rating input score 78

Endowment Health

  • Endowment-health comparison: 31.88; rating input score 90; 90th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 63.7% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 90th percentile for endowment coverage
  • Consistency: 7 of 9 current checks pass · 2 findings to review
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Assets equal liabilities and net assets did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Balance sheet eoy total did not reconcile in the filed values.