Cottonwood Inc
- Assets
- $15.3m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 387
- Location
- Lawrence, KS
- Founding
- 05/1971
- Data as of
- 12/2021
- 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 12/2021, Cottonwood Inc employed 387 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 12/2021, Cottonwood Inc generated $17.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $15.7m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Spratt Chief Executive Officer | Officer | 40 | $217,671 |
Jessica Wood CFO | Officer | 40 | $116,207 |
Kara Walters Administrator Of Services | 40 | $112,619 | |
Duane Turnbull Director Of Work Services | 40 | $102,408 | |
Paul Werner Secretary | OfficerTrustee | 1 | $0 |
Kerry Glasgow President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sourceamerica Professional Services | 12/30/19 | $335,495 |
Express Services Inc Professional Services | 12/30/19 | $110,458 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $425,267 |
| Government grants | $4,176,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,631,212 |
| Total Program Service Revenue | $12,118,139 |
| Investment income | $104,895 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,820 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,956,420 |
| 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. | $413,565 |
| Compensation of current officers, directors, key employees. | $66,172 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,615,845 |
| Pension plan accruals and contributions | $619,534 |
| Other employee benefits | $1,035,335 |
| Payroll taxes | $584,965 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,155 |
| Fees for services: Accounting | $105,453 |
| Fees for services: Lobbying | $38,363 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,897 |
| Fees for services: Other | $106,832 |
| Advertising and promotion | $35,960 |
| Office expenses | $174,878 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $503,238 |
| Travel | $146,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,158 |
| Insurance | $226,381 |
| All other expenses | $87,149 |
| Total functional expenses | $15,668,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,888,094 |
| Savings and temporary cash investments | $2,580,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,270,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,609,141 |
| Prepaid expenses and deferred charges | $53,277 |
| Net Land, buildings, and equipment | $3,623,948 |
| Investments—publicly traded securities | $4,298,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,766 |
| Total assets | $15,327,785 |
| Accounts payable and accrued expenses | $680,074 |
| Grants payable | $0 |
| Deferred revenue | $257,992 |
| 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 | $938,066 |
| Net assets without donor restrictions | $14,389,719 |
| 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 | $15,327,785 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Cottonwood Inc has recieved totaling $92,538.
| Awarding Organization | Amount |
|---|---|
Sourceamerica Vienna, VA PURPOSE: 14C TRANSITION, ERS GRANTS | $65,795 |
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL SUPPORT | $21,200 |
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL SUPPORT | $5,215 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Outlook-Nebraska Inc Omaha, NE | $23,943,188 | $22,481,784 |
Cottonwood Inc Lawrence, KS | $15,327,785 | $16,956,420 |
A New Leaf Inc Tulsa, OK | $30,123,597 | $11,036,525 |
South Central Industries Inc Shawnee, OK | $6,532,527 | $8,417,395 |
Training And Evaluation Center Of Hutchinson Inc Hutchinson, KS | $10,241,310 | $7,546,362 |
The Reach Corporation Weleetka, OK | $2,127,126 | $7,824,612 |
Searchlight Center Inc Hobart, OK | $6,422,208 | $5,128,364 |
Jobone Independence, MO | $889,306 | $4,510,996 |
Twin Valley Developmental Services Inc Greenleaf, KS | $3,464,396 | $5,058,102 |
North Platte Opportunity Corporation North Platte, NE | $1,420,802 | $4,991,102 |
Crowder Industries Inc Neosho, MO | $1,710,149 | $3,455,135 |
Learning Opportunities-Quality Works Inc Monroe City, MO | $2,306,114 | $2,858,081 |