Plains Cotton Growers Inc
- Assets
- $9.1m
- Revenue
- $1.3m
- Investments
- $101.0k
- Employees
- 6
- Location
- Lubbock, TX
- Founding
- 08/1957
- Data as of
- 06/2022
- EIN
- 75-0938875
Organization Overview
Plains Cotton Growers Inc is located in Lubbock, TX. The organization was established in 1957. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 06/2022, Plains Cotton Growers Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plains Cotton Growers 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 06/2022, Plains Cotton Growers Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVEMENT & SUPPORT OF COTTON ON THE HIGH PLAINS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAINS COTTON GROWERS PROVIDES EDUCATIONAL AND LEGISLATIVE SUPPORT FOR COTTON PRODUCTION AND USAGE ON THE HIGH PLAINS OF TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kody Bessent CEO | Officer | 40 | $131,333 |
Stacy Smith Past President | Officer | 0 | $0 |
Brent Coker Secretary/treas | Officer | 0 | $0 |
Martin Stoerner President | Officer | 0 | $0 |
Travis Mires Vice President | Officer | 0 | $0 |
Brent Nelson Chairman | Officer | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,474,348 |
| Investment income | -$211,967 |
| 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 | $1,262,381 |
| 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. | $131,333 |
| Compensation of current officers, directors, key employees. | $131,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,310 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $34,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,749 |
| Office expenses | $29,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $63,003 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,612 |
| Insurance | $10,171 |
| All other expenses | $104,798 |
| Total functional expenses | $1,528,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,248,720 |
| Savings and temporary cash investments | $3,977,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,506 |
| 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 | $1,146,267 |
| Investments—publicly traded securities | $2,647,735 |
| Investments—other securities | $100,976 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $891 |
| Total assets | $9,132,186 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $516,500 |
| 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 | $60 |
| Total liabilities | $516,560 |
| Net assets without donor restrictions | $4,856,237 |
| Net assets with donor restrictions | $3,759,389 |
| 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 | $9,132,186 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Plains Cotton Growers Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mary Luccock Livermore Foundation Lubbock, TX PURPOSE: GENERAL PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Farm Bureau Waco, TX | $1,072,770,797 | $25,839,501 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
Textile Exchange Lamesa, TX | $12,297,668 | $16,219,596 |
National Reined Cow Horse Association Pilot Point, TX | $5,326,422 | $10,193,097 |
Southern United States Trade Association Susta New Orleans, LA | $3,093,143 | $7,251,421 |
Louisiana Farm Bureau Federation Inc Baton Rouge, LA | $75,119,133 | $8,594,309 |
Mclennan County Fair Inc Waco, TX | $8,076,032 | $10,500,101 |
Agricultural Development Fund Fort Worth, TX | $1,257,000 | $6,712,594 |
Louisiana Quarter Horse Breeders Association Alexandria, LA | $10,986,998 | $7,601,612 |
National Finance Credit Corp Of Tx Fort Worth, TX | $196,184,500 | $9,101,860 |
Texas Quarter Horse Association Elgin, TX | $5,419,371 | $4,846,350 |
Bayou Sugar Growers Inc Carencro, LA | $1,179 | $4,490,376 |