National Cotton Ginners Association
- Assets
- $561.9k
- Revenue
- $132.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Cordova, TN
- Founding
- 10/1990
- Data as of
- 02/2024
- EIN
- 75-6030070
Organization Overview
National Cotton Ginners Association is located in Cordova, TN. The organization was established in 1990. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Cotton Ginners Association 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 02/2024, National Cotton Ginners Association generated $132.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.7% each year . All expenses for the organization totaled $98.8k during the year ending 02/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO FOSTER TRADE, COMMERCIAL AND BUSINESS INTEREST OF THOSE ENGAGED IN GINNING COTTON; TO ENCOURAGE AND PROMOTE COOPERATION WITH GROWERS, PRODUCERS, PROCESSORS AND DISTRIBUTORS OF COTTON, COTTONSEED AND THE PRODUCTS THEREOF, AND GENERALLY TO SECURE A MORE ENLARGED AND FRIENDLY ASSOCIATION AMONG THOSE ENGAGED IN THE COTTON GINNING INDUSTRY AND AMONG THOSE DEALING DIRECTLY OR INDIRECTLY WITH SUCH INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIN SCHOOLS - PROVIDES CONTINUING EDUCATION FOR THOSE INVOLVED IN THE COTTON GINNING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Alphin Director | Trustee | 1 | $0 |
Chris Berry Director | Trustee | 1 | $0 |
David Blakemore Director | Trustee | 1 | $0 |
Tom A Calloway II Director | Trustee | 1 | $0 |
Adriane Carbonel Director | Trustee | 1 | $0 |
Ben Evans Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $31,224 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,224 |
| Total Program Service Revenue | $76,288 |
| Investment income | $645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $132,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,022 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,406 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,066 |
| All other expenses | $1,635 |
| Total functional expenses | $98,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,824 |
| Savings and temporary cash investments | $275,053 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,877 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $561,877 |
| 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 | $561,877 |