Southern Cotton Ginners Assoc

Organization Overview

Southern Cotton Ginners Assoc is located in Memphis, TN. The organization was established in 1969. 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 03/2023, Southern Cotton Ginners Assoc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Cotton Ginners Assoc 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 03/2023, Southern Cotton Ginners Assoc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.2m during the year ending 03/2023. While expenses have increased by 2.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

EDUCATION AND PROMOTION OF INDUSTRY

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION AND SAFETY TRAINING OF MEMBERS AND PROMOTION OF COTTON GINNING INDUSTRY.


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Board, Officers & Key Employees

Name (title)Compensation
Sammy Angel
Chair
$0
Sledge Taylor
Treasurer
$0
Timothy Price
Executive VP
$168,973
Tom Calloway
President Sc
$0
Sam Whitaker
President
$0
Adam Martin
1st VP - Ar
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$454,487
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$454,487
Total Program Service Revenue$663,053
Investment income $61,645
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,315
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $6,706
Miscellaneous Revenue$0
Total Revenue $1,238,617

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