Cooperative Fund of the Northeast Inc
Cooperative Fund of the Northeast Inc. (CFNE) is a public charity and community development financial institution based in Watertown, Massachusetts. Founded in 1975, it makes loans, provides alternative financing and technical assistance to cooperatives, employee-owned businesses, and community-based nonprofits in New England and New York.
Cooperative Fund of the Northeast Inc at a glance
- Total assets
- $61,347,830
- +7.2% vs 2024
- Revenue (2025)
- $5,882,424
- +12.1% vs 2024
- Net investment income (2025)
- $399,922
- -12.0% vs 2024
- Expenses (2025)
- $5,031,395
- +24.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Cooperative Fund of the Northeast Inc
- Contact
Mailing address: PO Box 970, Watertown, MA 02471
Phone: (800) 818-7833
Website: https://cooperativefund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Cooperative Fund of the Northeast Inc funds
How this funder distributes its grants
Grant Size Distribution
37 grants across all recorded years
The most common grant size was under $50K: 37 grants of 37 (100%).
Geographic Focus
Where this funder awards grants
CFNE lends to eligible organizations in Massachusetts, Vermont, New Hampshire, Maine, Connecticut, Rhode Island, and New York.
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2022, annual grant giving ranged from $10K (2022) to $357K (2021). In 2022 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Rozzie Bound Co-Op Roslindale, MA | Business Stabilization | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $61,347,830 | $5,882,424 | $5,031,395 | — | — | $399,922 |
| 2024 | $57,202,948 | $5,245,756 | $4,030,710 | — | — | $454,454 |
| 2023 | $50,443,237 | $4,114,478 | $3,238,569 | — | — | $229,574 |
| 2022 | $47,930,923 | $4,768,332 | $2,666,249 | $10,000 | 1 | $167,456 |
| 2021 | $43,843,231 | $2,931,121 | $2,738,067 | $356,500 | 36 | $122,725 |
| 2020 | $35,734,233 | $1,865,322 | $1,570,101 | — | — | $134,384 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
CFNE’s mission is to work for economic, social, and racial justice by advancing community-based, cooperative, and democratically owned or managed enterprises. Its filing describes its work as making loans, providing other alternative financing, and offering technical assistance to cooperative organizations and similar enterprises, with a preference for cooperatives in low-income communities. It also offers an investment opportunity intended to promote socially conscious enterprise.
CFNE’s eligibility guidelines cover organizations operated on a cooperative or nonprofit basis in New England or New York. Examples include consumer-owned and producer-owned cooperatives, worker-owned businesses, community service organizations, community land trusts, and 501(c)(3) public charities.
Grantmaking
The 2023, 2024, and 2025 filings each list zero grants. The available information does not provide grant totals, typical grant sizes, or notable grantees. CFNE describes its support as lending, alternative financing, and technical assistance rather than grantmaking.
For prospective borrowers, CFNE asks organizations to review its eligibility guidelines and speak with a loan officer before submitting a loan application. Its guidelines require applicants to be located in New England or New York and to operate on a cooperative or qualifying nonprofit basis. The website says loan officers work with applicants on readiness and supporting documents, and may help identify technical assistance resources.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Juan Leyton as president, Jonah Fertig-Burd as vice president, Aliana Pineiro as treasurer, and Natasha Latour as clerk. Trustees listed are Bonnie Hudspeth, Julian McKinley, Kimberly R. Lyle, Lauren Duffy, and Nora Gosselin. Amethyst Carey is listed as a trustee until June 13, 2025.
Cooperative Fund of the Northeast Inc is led by Micha Josephy, Executive Director on every filing since 2020; 6 of 16 officers listed in 2025 are compensated.
Officers on the 2025 filing
Micha Josephy
Executive Director
On filings since 2020
40 hrs/week
$131K (2020) → $169K (2025)
Juan Leyton
President
Outgoing Trustee → Trustee, 2023
Trustee → President, 2025
On filings since 2020
4 hrs/week
No compensation reported
Amethyst Carey
Trustee
On filings since 2020
4 hrs/week
$3K (2022) → $0 (2025)
Bonnie Hudspeth
Trustee
President & Board Chair → Vice President, 2023
Vice President → Trustee, 2025
On filings since 2020
4 hrs/week
$3K (2023) → $0 (2025)
Kimberly R. Lyle
Trustee
Vice President → President, 2023
President → Trustee, 2025
On filings since 2020
4 hrs/week
$5K (2023) → $0 (2025)
Carolyn Edsell-Vetter
Program Director
On filings since 2023
40 hrs/week
$108K (2023) → $125K (2025)
Liska Wilson
Communications Director
On filings since 2024
40 hrs/week
$102K (2024) → $104K (2025)
Stephen Borla
Finance Director
On filings since 2024
40 hrs/week
$112K (2024) → $125K (2025)
Julian McKinley
Trustee
On filings since 2024
4 hrs/week
No compensation reported
Lauren Duffy
Trustee
On filings since 2024
4 hrs/week
No compensation reported
Nora Gosselin
Trustee
On filings since 2024
4 hrs/week
No compensation reported
Dorian Gregory
Deputy Executive Director
On filings since 2020
40 hrs/week
$118K (2020) → $150K (2025)
Johan Matthews
Ecosystem Strategy Manager
New on the 2025 filing
40 hrs/week
$102K (2025)
Jonah Fertig-Burd
Vice President
Trustee → Clerk, 2023
Clerk → Vice President, 2025
On filings since 2020
4 hrs/week
No compensation reported
Aliana Pineiro
Treasurer
Trustee → Treasurer, 2024
On filings since 2023
4 hrs/week
No compensation reported
Natasha Latour
Clerk
Trustee → Clerk, 2025
On filings since 2024
4 hrs/week
No compensation reported
Former officers (11)
- Former: Clark Arrington (2020–2024) — Outgoing Trustee
- Former: Daniel Ross (2020–2024) — Outgoing Trustee
- Former: Jon Reske (2020–2024) — Outgoing Trustee
- Former: Andy Danforth (2023–2024) — Outgoing Treasurer
- Former: Duke Bouchard (2023–2024) — Outgoing Trustee
- Former: Marilyn Scholl (2020–2023) — Outgoing Trustee
- Former: Matthew Feinstein (2020–2023) — Outgoing Trustee
- Former: Susan Ellis (2020–2023) — Outgoing Trustee
- Former: Alfred Duke Bouchard (2020–2022) — Trustee
- Former: Andrew Danforth (2020–2022) — Treasurer
- Former: Lucas Turner-Owens (2020–2022) — Outgoing Trustee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $169K, to Micha Josephy (Executive Director). 6 officers or directors reported compensation on that filing.
Frequently asked questions about Cooperative Fund of the Northeast Inc
How large is Cooperative Fund of the Northeast Inc?
Cooperative Fund of the Northeast Inc reported $61.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.9M.
What does Cooperative Fund of the Northeast Inc fund?
CFNE’s mission is to work for economic, social, and racial justice by advancing community-based, cooperative, and democratically owned or managed enterprises. See mission & focus areas ↑
How do I apply for a grant from Cooperative Fund of the Northeast Inc?
Cooperative Fund of the Northeast Inc has no public application process in the sources Grantable reviewed. Check cooperativefund.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Cooperative Fund of the Northeast Inc make grants?
CFNE lends to eligible organizations in Massachusetts, Vermont, New Hampshire, Maine, Connecticut, Rhode Island, and New York.
What is Cooperative Fund of the Northeast Inc's EIN?
Cooperative Fund of the Northeast Inc's EIN (Employer Identification Number) is 03-0264092. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2022 (received by the IRS May 25, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS August 16, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Cooperative Fund of the Northeast Inc funds
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