COHERE USA INC

EIN: 824244279 501(c)(3) International Affairs

UPPER SADDLE RIVER, NJ

Total Revenue
$8,830
Total Expenses
$2,593
Total Assets
$32,214
Net Assets
$32,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
Kellie Leeson
Phone
2012642202
Tax Period
2022-01-01 to 2022-12-31

COHERE USA INC, founded in 2017, is a micro nonprofit in the International Affairs sector that reported $9K in total revenue in fiscal year 2022. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6K, a strong 71% operating margin.

Mission

At Cohere we want to see a world in which everyone has control over their own future. Especially refugees. Our mission is to unleash the potential of refugees to determine their own futures on their own terms. No one chooses to live a life of dependency. That's why our vision isn't to transfer aid. It's to transfer power. Cohere is transforming communities by transferring power within the response to refugee crises. To make the most effective and sustainable change within communities, we work closely together with local refugee led organizations (RLOs), who know exactly what's needed to address the challenges their communities face. RLOs are building stronger communities and forging a path towards self-reliance in refugee hosting areas. We would like their lead to be followed - for local leaders to make the decisions that affect refugee communities.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

Capacity Building - Refugee-led organizations (RLOs) hold the potential to deliver innovative and radical solutions to their communities. Cohere has developed a capacity strengthening and sharing...

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Capacity Building - Refugee-led organizations (RLOs) hold the potential to deliver innovative and radical solutions to their communities. Cohere has developed a capacity strengthening and sharing course with our partners with over 18 modules which aims to strengthen their organizational capacity through sessions in leadership, management, resources, finance and coordination. The course was awarded the UNHCR Innovation Award for Partnerships at the World Refugee Forum in Geneva, Switzerland in 2019.

Program 2
Expenses: $0 Revenue: $0

Reframe - Cohere has developed an innovative online platform to provide opportunities for donors to donate directly to refugee-led organizations across the world. Whether it is a large grant from...

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Reframe - Cohere has developed an innovative online platform to provide opportunities for donors to donate directly to refugee-led organizations across the world. Whether it is a large grant from institutional donors, or an individual donor who would like to give $10 per month to a refugee-led organization, we have built a platform to enable them to find, connect and donate to organizations.

Program 3
Expenses: $0 Revenue: $0

Direct Funding - In 2022, Cohere gave refugee-led organizations across East Africa over $500,000 of funding to support their community initiatives and grow their organizations. When refugee-led...

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Direct Funding - In 2022, Cohere gave refugee-led organizations across East Africa over $500,000 of funding to support their community initiatives and grow their organizations. When refugee-led organizations have the power to decide how their money is used they tend to make the best decisions.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $8,830
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $2,593
TOTAL EXPENSES $2,593

Year-over-Year Comparison

2022 2021 Change
Revenue $8,830 $25,714 -0.7%
Expenses $2,593 $24,026 -0.9%
Net Income $6,237 $1,688 +2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kellie Leeson President 1
Officer Director
$0 $0 $0
Marco Yuri Jimenez Board Member 1
Director
$0 $0 $0
John W Citti Treasurer 1
Officer Director
$0 $0 $0
Roman Matatov Board Member 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2022 $8,830 $2,593 $32,214 $6,237
2021 $25,714 $24,026 $25,977 $1,688
2020 $34,972 $24,727 $43,135 $10,245
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