Cottle Foundation FY2023 filing

Public charity (501(c)(3)) Montgomery, AL EIN 01-0912758 NTEE B82
Revenue
$17K
▲ +179%
FY2023 · Pt VIII · Ln 12
Expenses
$970
▲ +16%
FY2023 · Pt IX · Ln 25
Net assets
$891K
FY2023 · Pt X · Ln 32
To programs
0%
FY2023 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$17K
FY2023▲ +179%
Expenses
$970
FY2023▲ +16%

Grants scholarships to financially needy, outstanding citizens aiming to advance society.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
Yes — exemption reinstated (2011-05-15)
Per the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
Not on file
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Spent on programs?
0% to programs
Form 990 Part IX, latest filing.
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Size and trend
<$100K
↑ +179% vs prior year
Details →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).


Grants scholarships to financially needy, outstanding citizens aiming to advance society.

Type
Public charity (501(c)(3)) · Education
Location
Montgomery, AL
Filings
5 on file (2020–2023)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2023
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
11026.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+94%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$891K
FY2023▲ +2%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19$16K
Total assetsPt X · Ln 16$891K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CCottle Foundation
EINHdr · item D01-0912758
Principal addressHdr · item CMontgomery, AL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B82)
Ruling yearIRS BMFJan 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cottle Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

Providing scholarships to students to attend college.

Pt IX · col B

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Statement of Revenue

Part VIII
Investment income100%$17K
Total revenueLn 12$17K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$970
Total functional expensesLn 25$970

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$891K
Total liabilitiesLn 26$0
Total net assetsLn 32$891K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $891K · Operating expenses/yr $970
11026.6 months
Where the money goes
Program services
Program services $0 · Total expenses $970
0%
Management & General
Management & general $970 · Total expenses $970
100%
Fundraising
Fundraising $0 · Total expenses $970
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $17K
0%
Government reliance
Government grants — · Total revenue $17K
—
Earned-income share
Program service revenue $0 · Total revenue $17K
0%
Investment reliance
Investment income $17K · Total revenue $17K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $970
0%
Growth & trend
Revenue growth (YoY)
This year $17K · Prior year $-22K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $891K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17K · Expenses $970
+94%
Liabilities-to-Assets
Total liabilities — · Total assets $891K
—
Net-asset ratio
Net assets $891K · Total assets $891K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $891K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $891K
100%
People & payroll
Highest Reported Total Compensation
Individual T L Cofer · Reported title VICE PRESIDE · Highest reported compensation $0 · Total expenses $970
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $970
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%——
Revenue growth 179%——
Accounting fee ratio 64%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$-15K revenue · ⤓ 990 PDF
FY2023$17K revenue · viewing · ⤓ 990 PDF
FY2022$-22K revenue · ⤓ 990 PDF
FY2021$51K revenue · ⤓ 990 PDF
FY2020$144K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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