WHAT IS A PATRONAGE REFUND?
Your Patronage Refund is a percentage of the Co-op’s profit from the last Fiscal Year. It is calculated based on your purchases (your patronage as an Owner) and the total profit allocated by the Board. Read about the Board's allocation of your 2015 Patronage Refund in this blog post!
WHO IS ELIGIBLE?
Owners who were in good standing for the fiscal year in question.
HOW WILL I GET MY REFUND?
Your "Nonqualified Written Notice Of Allocation" (which contains details of your 2016 Patronage Refund) will be sent to the mailing address we have on file for your Ownership.
WHAT SHOULD I DO WITH IT?
Use your Patronage Refund on any in-store Co-op transaction! Sushi platters, small-batch bourbon, local veggies, chocolate truffle almonds, red quinoa, a new paring knife... Treat yourself. Paul & Elizabeth are looking forward to spending theirs on starts during our Spring Plant Sale.
You can also donate your refund, either to the young artists' funds we've selected this year, or to the DJUSD school of the month (ask your cashier to "Round Up" your transaction with the entire amount of your Patronage Refund).
WILL I RECEIVE A NOTICE IN THE MAIL?
The 2016 Patronage Refund notices landed in mailboxes the first weekend of March. In order to be eligible, you needed to be a Owner in good standing during the Co-op's 2014-2015 fiscal year. You also needed to shop at the Co-op enough so that your refund was higher than $5. The Board only authorizes refunds of $5 and over, because they are expensive to process.
HOW DOES IT WORK?
Co-ops are owned by their members. Owners buy shares in the Co-op, and the distribution of profits is based on how much each Owner spends at the Co-op, rather than on how many shares each Owner owns. The more you shop, the more you get back in Patronage Refunds. This is why it is important to show your owner card or give your owner number to your cashier when you pay. Patronage Refunds are in keeping with the third Cooperative Principle of “Owner Economic Participation.” Distribution of Patronage Refund lets Owners share in the success of our community business, and reinvestment of profits enables us to maintain the store that you love.
Your Patronage Refund is not taxable income if your purchases were for personal use. While you do not have to use your entire Patronage Refund all at once, there is a tax benefit for the Co-op if you use your Patronage Refund by June 15, 2016. Any unused Refunds will be forfeit after September 15, 2016. Patronage Refunds may only be redeemed by the primary Shareholder of that Ownership, with photo ID.
Please email Lis Harvey, or phone (530) 758-2667 ext. 152.