National Cotton Council Of America
- Assets
- $27.2m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 65
- Location
- Cordova, TN
- Founding
- 05/1957
- Data as of
- 12/2021
- EIN
- 62-0306045
Organization Overview
National Cotton Council Of America is located in Cordova, TN. The organization was established in 1957. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Cotton Council Of America employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cotton Council Of America is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Cotton Council Of America generated $12.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $12.6m during the year ending 12/2021. While expenses have increased by 1.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE ABILITY OF ALL SEGMENTS OF THE US COTTON INDUSTRY TO COMPETE EFFECTIVELY AND PROFITABLY IN THE RAW COTTON, OILSEED AND VALUE ADDED PRODUCT MARKETS AT HOME AND ABROAD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS SERVICES - EXPLAINS THE MAJOR ROLE COTTON PLAYED IN THE ECONOMY OF THE US IN TERMS OF EMPLOYMENT, WORLD TRADE, ENERGY CONSERVATION, PRODUCTIVITY AND FOOD VALUE OF COTTONSEED. PARTICIPATES WITH OTHER GROUPS TO HELP IMPROVE THE IMAGE OF COTTON AS A WHOLE.
TECHNICAL SERVICES - COORDINATES GOVERNMENT AND PRIVATE RESEARCH, PROVIDES INFORMATION TO REGULATORY AGENCIES ON HEALTH AND SAFETY MATTER, DEVELOPS PACKAGING STANDARDS AND COORDINATES PEST SUPPRESSION/ERADICATION EFFORTS.
FOREIGN OPERATIONS - IN COOPERATION WITH THE US DEPT. OF AGRICULTURE, WORKS TO INCREASE EXPORTS BY HELPING TO ARRANGE GOVERNMENT CREDIT FOR FOREIGN CUSTOMERS, SPONSORS VISITS BY TRADE TEAMS AND BRINGS FOREIGN MILL CUSTOMERS TO THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary M Adams President | Officer | 40 | $391,537 |
Thomas R Langley IV Vice-President | Officer | 40 | $344,166 |
Marjory Walker Vice-President | Officer | 40 | $188,185 |
Jody L Campiche Vice-President | Officer | 40 | $184,615 |
Tas Smith Vice-President | Officer | 40 | $169,292 |
Don Parker Vice-President | Officer | 40 | $164,307 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,152,095 |
| 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 | $8,152,095 |
| Total Program Service Revenue | $324,445 |
| Investment income | $638,011 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $395,107 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,698,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $507,500 |
| 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. | $1,844,065 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,927,144 |
| Pension plan accruals and contributions | $767,987 |
| Other employee benefits | $705,671 |
| Payroll taxes | $490,944 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $419,588 |
| Fees for services: Accounting | $29,038 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,200 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $87,209 |
| Office expenses | $164,949 |
| Information technology | $630,979 |
| Royalties | $0 |
| Occupancy | $226,756 |
| Travel | $308,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400,307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,770 |
| Insurance | $107,078 |
| All other expenses | $85,855 |
| Total functional expenses | $12,601,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $601,757 |
| Savings and temporary cash investments | $284,172 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $365,467 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,466 |
| Prepaid expenses and deferred charges | $22,574 |
| Net Land, buildings, and equipment | $2,966,794 |
| Investments—publicly traded securities | $21,035,033 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,966,174 |
| Total assets | $27,244,437 |
| Accounts payable and accrued expenses | $716,525 |
| Grants payable | $0 |
| Deferred revenue | $19,924 |
| 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 | $1,646,807 |
| Total liabilities | $2,383,256 |
| Net assets without donor restrictions | $24,861,181 |
| 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 | $27,244,437 |
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