[Last Updated: January 1, 2021]
Cooperative-Based Income (henceforth “CBI”) refers to income earned by respondents by virtue of their status as members-in-good-standing in their representative cooperative(henceforth “Coop”).
- Other income streams: There are three other income streams in addition to CBI: Respondent-Based Income (RBI), Task-Based Income (TBI) and Group-Based Income (GBI). Respondents who are non-Coop members are required to be members of at least five (5) Coop-recognized groups – as they need this for group-level verification and other tasks) but they shall not be entitled to the GBI, TBI and, needless to say, CBI (as they are not members of the Coop).
Only Coop members-in-good-standing are entitled to the four available income streams (RBI, GBI, TBI and CBI). If a non-Coop member wishes to tap into all income streams, then he/she must consider applying to become a Coop member.
- Applicable rates. The applicable CBI rates shall be based on the terms outlined below (which are, in turn, based on the Coop’s own internal declaration of rates) OR a separate, supplementary per-story/per-survey rate, whichever is higher. This separate, supplementary rate shall be declared in per-story/per-survey agreements entered into between SP.A and the Coop as necessary.
The standing, current CBI rates shall be the ones declared in this document. The rationale for this per-story/per survey supplementary rates is that for fund- or commission-based stories/survey which may have higher rates then the supplementary agreement must supersede the rates indicated in this document.
These CBI rates do not supersede the Coop’s policies. CBI rates are story/survey-based income streams that become supplementary to the income sharing policies of the coop.
- Activities of the respondent that will generate CBI for the respondent.
3.1. Patronizing Coop-initiated services
The Coop offers both core services and demand-based services to respondents. These services leverage on the “captured market” of respondents who are its members. These services may include consumer services (sales of selected products at negotiated rates), aggregation services (bill payments, collection services).
When respondents patronize these services they earn a patronization-specific incentive.
3.2. Patronizing SP.-initiated services
SP.A may partner up with the Coop to offer services related to specific stories/surveys. These may include tasks recruitment for special projects, training and development activities or service deployment projects (respondents who are deputized to perform certain projects).
When the respondents patronize these SP.A-initiated services, they receive a patronization-specific incentive subject to the agreements entered into for this between the Coop and SP.A.
- Dividend income
The Coop declares dividends on a yearly bases subject to its rules and procedures. All Coop members are entitled to these dividends, the amount depending on each member’s share capital on the Coop.
- Percent of SP.A fees allocated as Coop income
The Coop itself is assigned a percent of SP.A fees for their management, coordination and liaison tasks for groups and respondents. This income adds to their other sources of income which then all go in the computation of dividends at the end of a year.
Fees that are paid to Coops are set at five (5) percent of the gross SP.A fees.
- Sample computation of Coop Income
> Let’s assume the case of an Investigative Foundational Content article (see section 220.127.116.11 in Respondent-Based Income). How much do Coops share in those kinds of content?
> Let’s recall that in 6.3.3 of Respondent-Based Income the incoming Subscription fees for Respondent Profile Survey releases was a hypothetical PHP 210,000.
> Based on section 5 above, Coop-based fees are allocated five (5) percent of the Subscription Fees so this comes out to PHP 10,500. The policy of the Coop will dictate how this Coop-based fees are to be used and allocated by them.