Cotton Charitable Foundation
- Assets
- $1.5m
- Revenue
- $470.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Katy, TX
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 20-8229692
Organization Overview
Cotton Charitable Foundation is located in Katy, TX. The organization was established in 2007. According to its NTEE Classification (T30) the organization is classified as: Public 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 Charitable 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 12/2022, Cotton Charitable Foundation generated $470.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $232.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Cotton Charitable Foundation has awarded 16 individual grants totaling $145,161. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COTTON FOUNDATION IS DEDICATED TO RESTORING HOPE TO CHILDREN AND INDIVIDUALS WHOSE LIVES HAVE BEEN AFFECTED BY NATURAL DISASTERS AND OTHER LIFE-CHANGING CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TEMPORARY HOUSING FOR THE FAMILIES OF VICTIMS OF THE UVALDE, TEXAS SCHOOL SHOOTING.
GIFTS AND ASSISTANCE DEDICATED TO THE ASSISTANCE FOR NEEDY FAMILIES IN THE RECOVERY FROM DISASTERS AND THE PROMOTION OF EDUCATION.
SPONSORSHIP OF BOMA VETERANS SCHOLARSHIP.
TO SUPPORT THEIR EFFORTS TO PROVIDE RESOURCES AND EDUCATION TO OVER 135 LOCAL GARDENS AND SUPPORTING THE COMMUNITIES IN GROWING THEIR OWN FOOD AND CREATING SUSTAINABLE GREENSPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daryn Ebrecht Director | OfficerTrustee | 0 | $0 |
Peter J Bell Director | OfficerTrustee | 1 | $0 |
Marsha Campbell Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $579,568 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,625 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,193 |
| Total Program Service Revenue | $0 |
| Investment income | $4,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$165,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $470,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,390 |
| Grants and other assistance to domestic individuals. | $308 |
| 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 | $91,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,021 |
| Payroll taxes | $6,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,007 |
| Advertising and promotion | $6,505 |
| Office expenses | $1,176 |
| Information technology | $3,940 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,428 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $339 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187 |
| Insurance | $7,443 |
| All other expenses | $4,029 |
| Total functional expenses | $232,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,764 |
| Savings and temporary cash investments | $1,344,867 |
| 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 | $15,726 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $111,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,509,676 |
| 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 | $33,108 |
| Total liabilities | $33,108 |
| Net assets without donor restrictions | $0 |
| 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 | $1,476,568 |
| Total liabilities and net assets/fund balances | $1,509,676 |
Grants Awarded
Over the last fiscal year, Cotton Charitable Foundation has awarded $26,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
URBAN HARVEST PURPOSE: TO SUPPORT THEIR EFFORTS TO PROVIDE RESOURCES AND EDUCATION TO OVER 135 LOCAL GARDENS AND SUPPORTING THE COMMUNITIES IN GROWING THEIR OWN FOOD AND CREATING SUSTAINABLE GREENSPACES. | $6,000 |
DRESS FOR SUCCESS PURPOSE: TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, AND THE DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND IN LIFE. | $5,000 |
LEUKEMIA & LYMPHOMA SOCIETY PURPOSE: TO SUPPORT THEIR MISSION TO CURE LEUKEMIA, LYMPHOMA, HODGKIN'S DISEASE AND MYELOMA, AND IMPROVE THE QUALITY OF LIFE OF PATIENTS AND THEIR FAMILIES. | $5,000 |
KATY ISD EDUCATION FOUNDATION PURPOSE: TO PROVIDE RESOURCES TO ENRICH TEACHING, INSPIRE LEARING, AND ENHANCE OPPORTUNITIES. TO UNITE THE COMMUNITY AND PROVIDE A COMPETITIVE ADVANTAGE FOR KATY ISD STUDENTS AND TEACHERS THROUGH TARGETED INVESTMENTS IN KATY ISD SCHOOLS. | $5,000 |
JAMIE'S HOPE PURPOSE: TO SUPPORT MEDICINE RESEARCH AT MD ANDERSON CANCER CENTER WHILE ASSITING CANCER PATIENTS AND RAISING AWARENESS ON CANCER PREVENTION AND EARLY DETECTION. | $5,000 |