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NAICS Code 813410-32 Description (8-Digit)

Cooperative Organizations are a type of civic and social organization that is owned and operated by its members. These organizations are formed to provide goods and services to their members at a lower cost than they would be able to obtain individually. Cooperative Organizations can be found in a variety of industries, including agriculture, finance, and retail. Members of a cooperative organization have a say in how the organization is run and share in the profits that are generated.

Hierarchy Navigation for NAICS Code 813410-32

Parent Code (less specific)

Tools

Tools commonly used in the Cooperative Organizations industry for day-to-day tasks and operations.

  • Member management software
  • Financial management software
  • Cooperative accounting software
  • Inventory management software
  • Cooperative marketing software
  • Cooperative purchasing software
  • Cooperative communication software
  • Cooperative decision-making software
  • Cooperative project management software
  • Cooperative voting software

Industry Examples of Cooperative Organizations

Common products and services typical of NAICS Code 813410-32, illustrating the main business activities and contributions to the market.

  • Agricultural cooperatives
  • Credit unions
  • Consumer cooperatives
  • Housing cooperatives
  • Worker cooperatives
  • Energy cooperatives
  • Health care cooperatives
  • Retail cooperatives
  • Marketing cooperatives
  • Purchasing cooperatives

Certifications, Compliance and Licenses for NAICS Code 813410-32 - Cooperative Organizations

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Cooperative Development Institute Certification: This certification is provided by the Cooperative Development Institute and is designed to help cooperative organizations develop and grow. It covers topics such as cooperative governance, finance, and management.
  • National Cooperative Business Association CLUSA International Certification: This certification is provided by the National Cooperative Business Association CLUSA International and is designed to recognize individuals who have demonstrated a high level of knowledge and expertise in cooperative business practices.
  • IRS 501(C)(12) Tax-Exempt Status: Cooperative organizations can apply for tax-exempt status under section 501(c)(12) of the Internal Revenue Code. This status is specifically designed for cooperative organizations and provides certain tax benefits.
  • Cooperative Principle Six Certification: This certification is provided by the International Cooperative Alliance and is designed to recognize cooperative organizations that have demonstrated a commitment to cooperation among cooperatives.
  • Cooperative Principle Seven Certification: This certification is provided by the International Cooperative Alliance and is designed to recognize cooperative organizations that have demonstrated a commitment to concern for community.

History

A concise historical narrative of NAICS Code 813410-32 covering global milestones and recent developments within the United States.

  • The cooperative movement began in the 19th century in Europe, with the Rochdale Society of Equitable Pioneers in England being the first successful cooperative. The movement then spread to other countries, including the United States, where the first cooperative was established in 1865. In the US, cooperatives were initially formed to provide farmers with access to markets and supplies. Over time, the industry expanded to include other sectors, such as credit unions, housing cooperatives, and worker-owned cooperatives. In recent years, the cooperative movement has gained renewed attention due to its potential to address social and environmental issues, such as income inequality and climate change. For example, the cooperative model has been used to create renewable energy cooperatives, community-owned grocery stores, and worker-owned cooperatives in industries such as healthcare and manufacturing.

Future Outlook for Cooperative Organizations

The anticipated future trajectory of the NAICS 813410-32 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Cooperative Organizations industry in the USA is positive. The industry is expected to continue growing as more people become interested in cooperative business models. The COVID-19 pandemic has also highlighted the importance of community-based organizations, which could lead to increased support for cooperative organizations. Additionally, the industry is expected to benefit from increased interest in sustainable and socially responsible business practices. However, the industry may face challenges such as competition from traditional businesses and difficulty in accessing funding. Overall, the industry is expected to continue growing and evolving in the coming years.

Industry Innovations for NAICS Code 813410-32

Recent groundbreaking advancements and milestones in the Cooperative Organizations industry, reflecting notable innovations that have reshaped its landscape.

  • The Cooperative Fund of New England launched a new program to provide financing to cooperatives that are focused on addressing social and environmental issues.
  • The National Cooperative Business Association launched a new initiative to promote diversity, equity, and inclusion in the cooperative sector.
  • The Cooperative Development Institute launched a new program to support the development of worker-owned cooperatives in the food and agriculture sector.
  • The Cooperative Development Foundation launched a new program to support the development of cooperatives in rural areas.
  • The Democracy at Work Institute launched a new program to support the development of worker-owned cooperatives in the home care sector.

NAICS Code 813410-32 - Cooperative Organizations

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