Cottonwood Inc
- Assets
- $14.0m
- Revenue
- $17.3m
- Investments
- $0.0
- Employees
- 383
- Location
- Lawrence, KS
- Founding
- 05/1971
- Data as of
- 12/2023
- EIN
- 48-0780431
Organization Overview
Cottonwood Inc is located in Lawrence, KS. The organization was established in 1971. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Cottonwood Inc employed 383 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Cottonwood Inc generated $17.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $17.3m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR ADULTS WITH DISABILITIES
Describe the Organization's Program Activity:
VOCATIONAL AND RESIDENTIAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Easter Trustee | Trustee | 1 | $0 |
Kirsten Flory Trustee | Trustee | 1 | $0 |
Shirley Martin-Smith Vice President | OfficerTrustee | 1 | $0 |
Jill Baker Trustee | Trustee | 1 | $0 |
Barbara Ballard Trustee | Trustee | 1 | $0 |
Marilyn Heck Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empac Sub-contract Labor For Customer Contract | 12/30/23 | $658,890 |
Sourceamerica Professional Services | 12/30/23 | $131,987 |
Rsm Us Llp Professional Services | 12/30/23 | $114,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $541,968 |
| Government grants | $2,062,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,614,361 |
| Total Program Service Revenue | $14,058,094 |
| Investment income | $165,852 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$12,174 |
| Net Gain/Loss on Asset Sales | $312,732 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,305,468 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $351,359 |
| Compensation of current officers, directors, key employees. | $48,999 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,029,737 |
| Pension plan accruals and contributions | $689,707 |
| Other employee benefits | $989,038 |
| Payroll taxes | $700,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,084 |
| Fees for services: Accounting | $67,266 |
| Fees for services: Lobbying | $53,382 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,016 |
| Fees for services: Other | $949,535 |
| Advertising and promotion | $11,704 |
| Office expenses | $77,636 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $635,341 |
| Travel | $129,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,264 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $358,273 |
| Insurance | $225,438 |
| All other expenses | $47,602 |
| Total functional expenses | $17,338,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,324,294 |
| Savings and temporary cash investments | $1,556,084 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,136,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $879,674 |
| Prepaid expenses and deferred charges | $56,530 |
| Net Land, buildings, and equipment | $3,868,571 |
| Investments—publicly traded securities | $4,160,656 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,982,684 |
| Accounts payable and accrued expenses | $919,718 |
| 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 | $355,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,275,516 |
| Net assets without donor restrictions | $12,707,168 |
| 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 | $13,982,684 |