Cotton Foundation
- Assets
- $3.8m
- Revenue
- $787.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 11/1956
- Data as of
- 06/2021
- EIN
- 62-6048143
Organization Overview
Cotton Foundation is located in Cordova, TN. The organization was established in 1956. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cotton Foundation 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 06/2021, Cotton Foundation generated $787.5k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $529.1k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (9.2%) per year over the past 6 years. 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
TO ENCOURAGE AND AID EDUCATION, SCIENTIFIC EXPERIMENTATION, AND RESEARCH RELATING TO COTTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF COTTON GERMPLASM COLLECTION
JOURNAL OF COTTON SCIENCE
INFORMATION AND RESEARCH ON POTENTIAL CONSUMER, ENVIRONMENTAL AND WORKPLACE RISKS
OTHER EXPENSES (SALARIES, BENEFITS, & MISCELLANEOUS CHARGES TO PROGRAMS) - 92,129GRANTS - 88,000COTTON SEDDLING DISEASE - 461EMERGING LEADER PROGRAM - 279COTTON LEADS - 586RESEARCH & EDUCATION PROJECTS - 31,285
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas W Rushing Treasurer | OfficerTrustee | 0.5 | $0 |
John H Willis Chairman | OfficerTrustee | 0.5 | $0 |
Neal Isbell President | OfficerTrustee | 0.5 | $0 |
Gary Adams Executive Vice President | Officer | 1 | $0 |
Drew Davis Assistant Treasurer | Officer | 1 | $0 |
Don Parker Executive Director/secreta | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $438,595 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $438,595 |
| Total Program Service Revenue | $0 |
| Investment income | $62,109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $209,396 |
| Net Gain/Loss on Asset Sales | $77,369 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $787,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,000 |
| 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. | $60,423 |
| Compensation of current officers, directors, key employees. | $6,042 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,450 |
| Pension plan accruals and contributions | $5,902 |
| Other employee benefits | $5,689 |
| Payroll taxes | $2,507 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,800 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $55,287 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,509 |
| 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 | $34,853 |
| Insurance | $0 |
| All other expenses | -$470 |
| Total functional expenses | $529,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,012 |
| Savings and temporary cash investments | $235,641 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,000 |
| 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 | $632,115 |
| Investments—publicly traded securities | $2,923,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,824,041 |
| Accounts payable and accrued expenses | $2,827 |
| 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 | $2,827 |
| Net assets without donor restrictions | $2,518,447 |
| Net assets with donor restrictions | $1,302,767 |
| 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 | $3,824,041 |
Grants Awarded
Over the last fiscal year, Cotton Foundation has awarded $88,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Mississippi State, MS PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $22,000 |
TEXAS A&M AGRILIFE EXTENSION & RESEARCH CENTER PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $20,000 |
TEXAS TECH UNIVERSITY PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $18,000 |
UNIVERSITY OF TENNESSEE PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $10,000 |
Cary, NC PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $10,000 |
Mississippi State, MS PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Rice Federation Arlington, VA | $4,688,189 | $12,520,388 |
Gypsy Moth Slow The Spread Foundation Inc Benson, NC | $1,414,078 | $4,683,647 |
David H Murdock Research Institute Kannapolis, NC | $62,840,123 | $1,280,674 |
Center For Plant Science And Health Haymarket, VA | $259,847 | $1,749,213 |
Cotton Foundation Cordova, TN | $3,824,041 | $787,469 |
Five Oaks Ag Research And Education Center Inc Humphrey, AR | $18,466 | $209,189 |
Crop Life Foundation Inc Arlington, VA | $119,484 | $0 |
The Utopian Seed Project Inc Asheville, NC | $52,192 | $0 |
Agricultural Safety And Health Council Of America Leesburg, VA | $192,604 | $0 |
Crows Nest Research Center Mclean, VA | $160,397 | $0 |
Virginia Crop Improvement Research Foundation Inc Mechanicsville, VA | $682,973 | $19,537 |
Southern Soybean Research Program Inc Princeton, KY | $68,464 | $0 |