2023-11-09T13:25:49-08:00 2022-12-31 261726741 WATSONRICE LLP 5 Penn Plz FL 19 New York NY 10001 990 2022-01-01 452201993 Commonwise Education Inc COMM 7183040041 2431 Morris Avenue Bronx NY 10468 Sandra Lobo President 2023-11-10 true Sandra Lobo 999009999 true Baruti Bediako CPA P00740658 2124477300 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Sandra Lobo 2431 Morris Avenue Bronx NY 10468 1208790 false X www.bcdi.nyc X 2011 VT The Organization coordinates the people, businesses and institutions of the Bronx to develop shared wealth and ownership and supports low income people of color in the decision making process at every step. This network of stakeholders,is known as the Bronx Cooperative Development Initiative (BCDI). Based on a framework of economic democracy, BCDI leverages existing Bronx assets to address economic, social, and environmental challenges within the borough, and supports collective ownership models in order to distribute wealth and decision-making equitably and broadly among Bronx residents. 9 9 25 47 0 889863 1155550 40220 47861 2272 5379 0 932355 1208790 0 0 882667 738649 0 10634 445258 579468 1327925 1318117 -395570 -109327 784166 804695 172161 37564 612005 767131 COMMONWISE EDUCATION, INC WILL PROVIDE ON-LINE EDUCATION AND TRAINING IN THE AREAS OF ENTREPRENEURSHIP,MANAGEMENT, SUSTAINABILITY, ORGANIZATIONAL DEVELOPMENT AND INNOVATION TO SOCIAL ENTERPRISE AND COMMUNITY DEVELOPMENT BUSINESSES, EMPLOYEE AND COOPERATIVELY OWNED BUSINESSES. THESE SERVICES ARE DESIGNED TO INCREASE THE SUCCESS AND VIABILITY OF THESE BUSINESSES. false false 933923 47861 In 2022 BCDI supported the development of Bronxwide community planning and business infrastructure for economic democracy. This took the shape of co-leading a Bronxwide community planning coalition through our Policy and Planning team, convening and supporting Bronx anchor purchasers and small businesses through the BronXchange, and educating community leaders on models and projects for deepening shared ownership and shared wealth in our communities through the Economic Democracy Learning Center. A signature piece of BCDIs work is co-leading a coalition of 12 community, faith, and labor organizations for a Bronxwide Plan: a long-term Bronxwide economic development plan grounded in racial justice and economic democracy. Our BCDI team analyzed feedback on projects and priorities from our 2021 community planning assemblies and launched an online platform for gathering and focusing project ideas that either already exist in the Bronx or could exist in the future. This was done using Consider. It, an internationally recognized tool for democratic dialogue and deliberative decision-making, and was supplemented with in person meetings in neighborhoods and with organizational partners across the borough. Our business development work through the BronXchange convened local institutions interested in purchasing local and supported Bronx small business. Our work this year connecting minority-owned small businesses with contracts that grow their revenues, taught us how to better support small businesses, and built a larger network for collective purchasing among mission-driven institutions in the Bronx. We led a visibility campaign for Black-led businesses and cooperatives in the Bronx that generated media attention for cooperatives, framing this approach to business as key to race and gender equity, as well as visibility for the specific Bronx-based cooperatives themselves.For our learning and education work, we supported high school students and educators from five Bronx high schools in deepening their understanding of economic democracy. Students and educators attended field trips and guest lectures from entrepreneurs and cooperative community development leaders from the Bronx and across New York City, used this new understanding to author a report identifying how their schools can continue to embed learning and action around democratic community development in their schools. This report was complemented with broader public webinars and in-person meetings where our community partners were invited to listen and learn from peer organizations organizing around democratic development in their own communities, including Los Angeles and Chicago. 933923 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 15 0 true 25 true false false false false false false false 0 false false false false false false false X 9 9 false false false false true true false true true false false true true true true true false false false false NY X Nick Iuviene 7183040041 2431 Morris Avenue Bronx NY 10468 Michael Partis Executive Dir. 40.00 0.00 X 90000 0 8046 Sandra Lobo President 0.25 0.00 X X 0 0 0 Dariella Rodriguez Vice President 0.25 0.00 X X 0 0 0 Nick Iuviene Treasurer 0.25 0.00 X X 0 0 0 Danny Peralta Member 0.25 0.00 X 0 0 0 Daniel White Member 0.25 0.00 X 0 0 0 Kellie Terry Member 0.25 0.00 X 0 0 0 Wanda Salaman Member 0.25 0.00 X 0 0 0 Wendoly Marte Member 0.25 0.00 X 0 0 0 Yorman Nunez Member 0.25 0.00 X 0 0 0 90000 8046 0 false false false 0 113600 1041950 1155550 Consulting Fees 611710 24761 24761 Rent 900099 23100 23100 47861 5379 5379 0 0 0 0 0 0 0 0 1208790 47861 5379 X 0 0 0 0 98046 98046 0 504844 387152 117692 0 84172 77210 6962 51587 33575 18012 0 16208 5673 10535 57538 57538 0 0 0 340541 334070 3271 3200 0 91488 43672 44260 3556 9900 9900 0 36000 30600 3600 1800 17826 10389 7437 0 3512 629 805 2078 0 0 524 524 3795 3795 Other Expenses 2136 1053 1083 0 1318117 933923 373560 10634 10772 11953 399400 573194 365000 210645 3300 0 0 0 0 0 5170 8903 81981 81981 524 0 0 0 0 0 0 784166 804695 52509 30087 119652 7477 172161 37564 X 254292 756535 357713 10596 612005 767131 784166 804695 -109327 264453 X false true X false false X 218916 605393 1548949 889863 1155550 4418671 0 0 218916 605393 1548949 889863 1155550 4418671 1616204 2802467 2667 4205 2745 2272 5379 17268 0 0 4435939 549039 0.63180 0.47000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 81981 81981 Refundable Advance 7477 7477 X 1225886 17096 17096 1208790 1208790 1335213 17096 17096 1318117 1318117 Part X : FIN48 Footnote Auditing standards generally accepted in the United States of America require management to evaluate the tax position taken or expected to be taken by the Organization in a tax return and to recognize a tax liability or an asset if the Organization has taken an uncertain position that more-likely-than-not would be sustained upon examination by the Internal Revenue Service. The Organization does not believe its financial statements include any uncertain tax positions. Management believes it is no longer subject to income tax examinations for tax returns filed prior to 2018. Form 990, Part VI, Section B, Line 11b A copy of the form 990 will be provided to the President, prior to submission to the internal revenue service. Form 990, Part VI, Section B, Line 12c Conflict of interest policy was adopted at board meeting by unanimous resolution dated May 24, 2011. All board members are required to complete an annual disclosure of any conflicts to determine whether a conflict of interest exists. After disclosure of the financial interest, all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The procedures of addressing the conflict of interest is as follows:(1) An interest person shall leave the meeting during the discussion of the transaction or arrangement involving possible conflict of interest. Any interested person shall not attempt to influence the board of directors regarding the conflict matter. (2) The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. (3) After exercising due diligence, the governing board or committee shall determine whether the organization can obtain, with reasonable efforts, a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (4) If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote whether the transaction or arrangement is in the organization's best interest, and whether it is fair and reasonable and in conformity with the above determination, then it shall make its decision as to whether to enter into the transaction or arrangement. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF the GOVERNING documents CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.