Cotton Electric Charitable Foundation EIN 20-0746327 Form 990 (PDF) Claim this org

Cotton Electric Charitable Foundation

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Distributes charitable funds to individuals, families, and organizations within the local service area. For fiscal year 2025 it reported $90K in revenue, $78K in expenses, and $79K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Walters, OK
Website
www.cottonelectric.com
Filings
6 on file (2020–2025)
Revenue
$90KFY2025
Expenses
$78K
Net assets
$79K
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0746327 Public foundation / grantmaker Walters, OK
Form 990 (PDF)
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Size
<$100K
What they do
Distributes charitable funds to individuals, families, and organizations within the local service area.
Leadership
Jennifer Meason · Director
Money in and out
$90K revenue, $78K expenses
Bottom line
100% program efficiency
Grants paid & assets · FY2025
Total revenue
$90K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
12.2mo
months of highly liquid reserves at operating expense rate▲ +22% vs prior filing year
Surplus margin
+13%
revenue over expenses, this year▲ +48% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$90K
FY2025▲ +5%
Expenses
$78K
FY2025+0.3%
Total assets
$84K
FY2025▲ +23%
Total liabilities
$5K
FY2025▲ +344%
Total revenue
$90K
Pt VIII · Ln 12
Total expenses
$78K
Pt IX · Ln 25
Net assets
$79K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$84K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCotton Electric Charitable Foundation
EINHdr · item D20-0746327
Principal addressHdr · item CWalters, OK
WebsiteHdr · item Jwww.cottonelectric.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFJul 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $78K of program spending, described in the organization's own filed words · FY2024.
01

The organization receives funds from the membership of cotton electric cooperative inc. And various other sources as deemed appropriate by the organization's board of directors. The organization shall dispense these funds to needy persons and families as well as making charitable donations to worthy organizations and causes within the…

$78Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$75K · 83%
Other revenue$15K · 17%
Contributions & grants83%$75K
Other revenue17%$15K
Total revenueLn 12$90K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$78K
Total functional expensesLn 25$78K

Balance Sheet

Part X · end of year
CashLn 1$76K
Total assetsLn 16$84K
Total liabilitiesLn 26$5K
Total net assetsLn 32$79K
Months of cash on handcomputed11.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $76K · Operating expenses (Pt IX) $78K · Less non-cash grants $3K · Cash operating expenses/yr $75K
12.2 months
Where the money goes
Program services
Program services $78K · Total expenses $78K
100%
Management & General
Management & general $0 · Total expenses $78K
0%
Fundraising
Fundraising $0 · Total expenses $78K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $74K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $75K · Total revenue $90K
83%
Government reliance
Government grants — · Total revenue $90K
Earned-income share
Program service revenue $0 · Total revenue $90K
0%
Investment reliance
Investment income $0 · Total revenue $90K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $78K
0%
Growth & trend
Revenue growth (YoY)
This year $90K · Prior year $86K
+5%
Revenue CAGR
FY2019 $76K · FY2024 $90K
+4%
Net-asset trend (YoY)
End of year $79K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $90K · Expenses $78K
+13%
Liabilities-to-Assets
Total liabilities — · Total assets $84K
Net-asset ratio
Net assets $79K · Total assets $84K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $84K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jennifer Meason · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $78K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $78K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 5%
Accounting fee ratio 3%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$166
Grants paid · 11 grants · $72K · 2020–2024
Chattanooga Fire and RescueFY2024$7,500
Cotton County Fair BoardFY2024$6,207
Big Pasture School DistrictFY2023$7,000
Indiahoma Public SchoolsFY2022$5,797
Hulen VfdFY2022$5,430
City of IndiahomaFY2022$5,348
Velma-Alma FFAFY2022$5,228
Comanche FFAFY2021$5,715
City of GeronimoFY2020$9,966

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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
FY2025 (Latest)$90K revenue · viewing · ⤓ 990 PDF
FY2024$86K revenue · ⤓ 990 PDF
FY2023$88K revenue · ⤓ 990 PDF
FY2022$91K revenue · ⤓ 990 PDF
FY2021$87K revenue · ⤓ 990 PDF
FY2020$76K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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