Lubbock Cotton Exchange
- Assets
- $333.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 01/1949
- Data as of
- 02/2022
- EIN
- 75-0755090
Organization Overview
Lubbock Cotton Exchange is located in Lubbock, TX. The organization was established in 1949. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lubbock Cotton Exchange is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 02/2022, Lubbock Cotton Exchange generated $52.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $53.4k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE TRAINING AND EDUCATION THROUGH THE SPONSORSHIP OF AN ANNUAL SCHOOL TO TRAIN INDIVIDUALS ABOUT THE WORLD-WIDE COTTON INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ursula Caswell Secretary/treas | 25 | $24,000 | |
Shawn Canale President | 0 | $0 | |
Fran Jackson Vice President | 0 | $0 | |
Carlos Garcia Past President | 0 | $0 | |
Adam Durham Director | 0 | $0 | |
Brady Raindl Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $25,337 |
| Membership dues | $17,775 |
| Investment income | $6,788 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,078 |
| Other Revenue | $0 |
| Total Revenue | $51,978 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $25,906 |
| Professional fees and other payments to independent contractors | $15 |
| Occupancy, rent, utilities, and maintenance | $3,900 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $23,563 |
| Total expenses | $53,384 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $333,871 |
| Other assets | $0 |
| Total assets | $333,871 |
| Total liabilities | $474 |
| Net assets or fund balances | $333,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |
Greater Austin Chamber Of Commerce Austin, TX | $7,488,664 | $6,719,729 |
San Antonio Economic Development Foundation San Antonio, TX | $4,503,315 | $6,901,379 |
Abilene Chamber Of Commerce Abilene, TX | $4,194,863 | $4,866,648 |
Greater New Orleans Inc New Orleans, LA | $2,019,283 | $4,542,927 |
Better Business Bureau Of Metropolitan Houston Inc Houston, TX | $4,729,521 | $4,975,179 |
The Greater New Braunfels Chamber Of Commerce Inc New Braunfels, TX | $3,837,660 | $4,054,037 |
The Fort Worth Chamber Of Commerce Fort Worth, TX | $2,417,913 | $4,478,768 |
Irving Chamber Of Commerce Irving, TX | $1,365,417 | $3,879,156 |
Oklahoma State Chamber Of Commerce And Associated Industries Oklahoma City, OK | $3,080,131 | $4,188,271 |
Greater San Antonio Chamber Of Commerce San Antonio, TX | $4,812,874 | $3,656,453 |