Cotton Foundation
- Assets
- $3.7m
- Revenue
- $981.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 11/1956
- Data as of
- 06/2022
- EIN
- 62-6048143
Organization Overview
Cotton Foundation is located in Cordova, TN. The organization was established in 1956. According to its NTEE Classification (K05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cotton 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 06/2022, Cotton Foundation generated $981.0k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (2.8%) each year. All expenses for the organization totaled $650.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Cotton Foundation has awarded 29 individual grants totaling $248,500. 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
TO ENCOURAGE AND AID EDUCATION, SCIENTIFIC EXPERIMENTATION, AND RESEARCH RELATING TO COTTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF COTTON GERMPLASM COLLECTION
GRANTS - 89,000OTHER EXPENSES (SALARIES, BENEFITS, & MISCELLANEOUS CHARGES TO PROGRAMS) - 84,988RESEARCH AND EDUCATION PROJECTS - 88,462POLICY EDUCATION PROGRAM - 33,082PRODUCER INFORMATION EXCHANGE - 334COTTON LEADS - 164IPM RESEARCH - 250
COTTON NEMATODE RESEARCH & EDUCATION
COTTON SEEDLING DISEASE RESEARCH & EDUCATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas W Rushing Treasurer | OfficerTrustee | 0.5 | $0 |
Joseph Kelly Fenner Trustee | Trustee | 0.5 | $0 |
Travis Becton Trustee | Trustee | 0.5 | $0 |
Neal Isbell Chairman | OfficerTrustee | 0.5 | $0 |
Matt Rekeweg Trustee | Trustee | 0.5 | $0 |
Eric Castner Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $689,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,500 |
| Total Program Service Revenue | $0 |
| Investment income | $79,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $242,646 |
| Net Gain/Loss on Asset Sales | -$30,972 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $980,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $192,500 |
| 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. | $53,933 |
| Compensation of current officers, directors, key employees. | $5,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,450 |
| Pension plan accruals and contributions | $3,464 |
| Other employee benefits | $3,848 |
| Payroll taxes | $3,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,800 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $69,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,556 |
| Travel | $38,305 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,176 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,481 |
| Insurance | $0 |
| All other expenses | $1,135 |
| Total functional expenses | $650,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,816 |
| Savings and temporary cash investments | $140,853 |
| 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 | $628,633 |
| Investments—publicly traded securities | $2,850,264 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,669,566 |
| Accounts payable and accrued expenses | $39,523 |
| 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 | $39,523 |
| Net assets without donor restrictions | $2,150,155 |
| Net assets with donor restrictions | $1,479,888 |
| 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 | $3,669,566 |
Grants Awarded
Over the last fiscal year, Cotton Foundation has awarded $160,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
MISSISSIPPI STATE UNIVERSITY PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $12,500 |
TEXAS A&M AGRILIFE EXTENSION & RESEARCH CENTER PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $24,500 |
TEXAS TECH UNIVERSITY PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $18,000 |
UNIVERSITY OF GEORGIA PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $13,500 |
UNIVERSITY OF TENNESSEE PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $20,000 |
VIRGINIA TECH UNIVERSITY PURPOSE: RESEARCH AND EDUCATION RELATED TO COTTON | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Rice Federation Arlington, VA | $6,161,728 | $13,260,755 |
David H Murdock Research Institute Kannapolis, NC | $60,635,217 | $1,992,555 |
Gypsy Moth Slow The Spread Foundation Inc Benson, NC | $1,058,841 | $4,854,006 |
Center For Plant Science And Health Gainesville, VA | $110,905 | $2,110,579 |
Five Oaks Ag Research And Education Center Inc Humphrey, AR | $405,550 | $2,173,137 |
Cotton Foundation Cordova, TN | $3,669,566 | $980,959 |
Ssafe Inc Sanford, NC | $323,525 | $0 |
The Utopian Seed Project Inc Asheville, NC | $209,416 | $281,578 |
Agricultural Safety And Health Council Of America Leesburg, VA | $180,292 | $0 |
Crows Nest Research Center Mclean, VA | $153,180 | $0 |
Crop Life Foundation Inc Arlington, VA | $0 | $0 |
Tennessee Walking Horse Breeders Foundation Lewisburg, TN | $85,058 | $0 |
Southern Soybean Research Program Inc Princeton, KY | $68,464 | $0 |
Virginia Crop Improvement Research Foundation Inc Mechanicsville, VA | $710,670 | $17,251 |