Cottonwood Foundation Inc
- Assets
- $10.9m
- Revenue
- $858.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lawrence, KS
- Founding
- 10/1985
- Data as of
- 12/2021
- EIN
- 48-0990866
Organization Overview
Cottonwood Foundation Inc is located in Lawrence, KS. The organization was established in 1985. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cottonwood 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 12/2021, Cottonwood Foundation Inc generated $858.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $514.8k during the year ending 12/2021. 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 HELP PEOPLE WITH DISABILITIES SHAPE THEIR OWN FUTURE.
Describe the Organization's Program Activity:
TO PROMOTE AND FURTHER THE ADVANCEMENT OF SERVICES AND FACILITIES AVAILABLE THROUGH OR IN CONJUNCTION WITH COTTONWOOD, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Goeser President | OfficerTrustee | 0.5 | $0 |
Sharon Spratt Executive V.P. | OfficerTrustee | 0.5 | $0 |
Mark Gonzales Treasurer | OfficerTrustee | 0.5 | $0 |
Tom Larkin Vice President | OfficerTrustee | 0.5 | $0 |
Kristin Eldridge Secretary | OfficerTrustee | 0.5 | $0 |
Nancy Longhurst Past President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,795 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,161 |
| Noncash contributions included in lines 1a–1f | $35,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,956 |
| Total Program Service Revenue | $0 |
| Investment income | $298,592 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $325,916 |
| Net Income from Fundraising Events | $97,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $858,483 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $425,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $57,577 |
| Fees for services: Other | $0 |
| Advertising and promotion | $70 |
| Office expenses | $11,347 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $655 |
| Total functional expenses | $514,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,215 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,742,797 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,899,012 |
| Accounts payable and accrued expenses | $2,138 |
| 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 | $2,138 |
| Net assets without donor restrictions | $8,704,444 |
| Net assets with donor restrictions | $2,192,430 |
| 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 | $10,899,012 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cottonwood Foundation Inc has recieved totaling $315,300.
| Awarding Organization | Amount |
|---|---|
Douglas County Community Foundation Lawrence, KS PURPOSE: GENERAL SUPPORT | $311,800 |
Beach-Edwards Family Foundation Inc Mission, KS PURPOSE: PROGRAM SUPPORT | $3,000 |
Commerce Foundation Kansas City, MO PURPOSE: USED AT THE DISCRETION OF THE BOARD OF DIRECTORS OR TRUSTEES AS THEY SEE FIT FOR OPERATING THEIR ORGANIZATION. | $500 |
Endowment Analysis
| Beg. Balance | $2,040,384 |
| Earnings | $457,105 |
| Other Expense | $108,000 |
| Ending Balance | $2,389,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kathleen S Craft Foundation Tulsa, OK | $94,596,287 | $6,487,856 |
Joy To The World Foundation Colorado Springs, CO | $19,682,188 | $4,242,361 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Early Milestones Colorado Denver, CO | $1,699,059 | $1,648,008 |
Saguache County Community Council Center, CO | $3,125,194 | $1,411,274 |
Faithworks Of The Inner City Inc Oklahoma City, OK | $3,919,739 | $1,885,777 |
Lubirds Light Foundation Denver, CO | $140,980 | $761,763 |
Woodford Manufacturing Charities Inc Colorado Springs, CO | $20,240 | $651,324 |
Mercy In Action International Lees Summit, MO | $508,425 | $357,038 |
Hope Faith Ministries Foundation Kansas City, MO | $326,761 | $25,079 |
Bra Couture Kc Lees Summit, MO | $64,066 | $538,920 |
Cottonwood Foundation Inc Lawrence, KS | $10,899,012 | $858,483 |