Cotton Family Foundation Inc
- Assets
- $684.0k
- Revenue
- $52.5k
- Investments
- $656.2k
- Employees
- 0
- Location
- Johns Island, SC
- Founding
- 02/2007
- Data as of
- 12/2023
- EIN
- 20-5900654
Organization Overview
Cotton Family Foundation Inc is located in Johns Island, SC. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Cotton Family Foundation 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, Cotton Family Foundation Inc generated $52.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $117.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Cotton Family Foundation Inc has awarded 63 individual grants totaling $723,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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 |
|---|---|---|---|
Anne Cotton Secretary | 0 | $0 | |
Leonard Cotton President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,500 |
| Interest on Savings | $1,195 |
| Dividends & Interest | $17,410 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,411 |
| Capital Gain Net Income | $30,411 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $14,828 |
| Contributions, gifts, grants paid | $102,500 |
| Total expenses and disbursements | $117,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,778 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,018 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $683,998 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Cotton Family Foundation Inc has awarded $102,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE COAST HERITAGE TRUST PURPOSE: CHARITY | $10,000 |
MEDICAL UNIVERSITY OF SOUTH CAROLINA PURPOSE: CHARITY | $25,000 |
NATURAL RESOURCES COUNCIL OF MAINE PURPOSE: CHARITY | $5,000 |
MAINE PUBLIC PURPOSE: CHARITY | $25,000 |
SAINT PETERS EPISCOPAL CHURCH PURPOSE: CHARITY | $2,500 |
TEDFORD HOUSING PURPOSE: CHARITY | $20,000 |