Boll Weevil Protection Fund Inc
- Assets
- $9.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 46-4290386
Organization Overview
Boll Weevil Protection Fund Inc is located in Cordova, TN. The organization was established in 2014. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boll Weevil Protection Fund Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Boll Weevil Protection Fund Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT ERADICATED AREAS OF US COTTON PRODUCTION FROM RE-INFESTATION OF THE BOLL WEEVIL AND ULTIMATELY COMPLETE ERADICATION OF THE BOLL WEEVIL WITHIN THE US.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROTECT ERADICATED AREAS OF US COTTON PRODUCTION FROM RE-INFESTATION OF THE BOLL WEEVIL AND ULTIMATELY COMPLETE ERADICATION OF THE BOLL WEEVIL WITHIN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig D Shook Vice-Chairman | OfficerTrustee | 0 | $0 |
David Grant Chairman | OfficerTrustee | 0 | $0 |
Tas Smith Assistant Secretary | OfficerTrustee | 0 | $0 |
Thomas S Hayes III Secretary/treasurer | OfficerTrustee | 0 | $0 |
Drew Davis Assistant Treasurer | OfficerTrustee | 0 | $0 |
David L Burns Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,301,874 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,301,874 |
| Total Program Service Revenue | $0 |
| Investment income | $75,540 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,377,414 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,957,070 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $357 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,085 |
| All other expenses | $0 |
| Total functional expenses | $6,964,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,223 |
| Savings and temporary cash investments | $8,539,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,136,227 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $9,136,227 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,136,227 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Points Of Light Foundation Atlanta, GA | $22,274,538 | $18,927,753 |
Boll Weevil Protection Fund Inc Cordova, TN | $9,136,227 | $1,377,414 |
Hands On Atlanta Inc Atlanta, GA | $3,169,702 | $3,040,987 |
Global Outreach Developments International Old Hickory, TN | $5,332,436 | $2,631,497 |
Bicentennial Volunteers Knoxville, TN | $21,469,146 | $5,095,084 |
Civitan International Birmingham, AL | $2,804,988 | $2,002,354 |
Voluntary Action Center Columbia, MO | $1,627,618 | $2,721,728 |
Volunteer Center Of Fairfax County Inc Fairfax, VA | $752,280 | $1,284,071 |
Volunteers Of America Inc Alexandria, VA | $2,634,242 | $340,637 |
Voluntary Action Center Of The Prince William Area Inc Manassas, VA | $277,372 | $715,329 |
Handson River Region Montgomery, AL | $500,207 | $576,092 |
Civic Leadership Institute Norfolk, VA | $733,120 | $508,888 |