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Cotton Electric Charitable Foundation FY2020 filing

Tax-deductible

Walters, OK501(c)(3)Foundations & GrantmakersEIN 20-0746327Revenue $76K in FY2020

On file with the IRScottonelectric.com226 N Broadway St, 73572-1226 · Walters, OKTax-exempt since Jul 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Charitable donations

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $5K a year · 5% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $166
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$76K
Spent
$78K
To programs
100%
Net assets
$49K
By yearFY2020–FY2025
Revenue
$76K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$76K
FY2021$87K
FY2022$91K
FY2023$88K
FY2024$86K
FY2025$90K
Expenses
$78K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$78K
FY2021$91K
FY2022$78K
FY2023$87K
FY2024$78K
FY2025$78K
Net assets
$49K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$49K
FY2021$45K
FY2022$58K
FY2023$59K
FY2024$67K
FY2025$79K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $78K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Ken Layn
Director
$0Pt VII · Sec A
Danny Marlett
President
$0Pt VII · Sec A
Carter Waid
Vice Preside
$0Pt VII · Sec A
Cindy Zelbst
Sec/Treasure
$0Pt VII · Sec A
See Cotton Electric Charitable Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes charitable funds to individuals, families, and organizations within the local service area.

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Provided by the organization

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1 program · $78K · in their own filed words · FY2019
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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$166
Total grants receivedfrom 1 funder$166
Grants paid · 11 grants · $72K · 2020–2024
Chattanooga Fire and RescueFY2024$7,500
Velma Community Outreach CenterOK · FY2024$7,500
Cotton County Fair BoardFY2024$6,207
Big Pasture School DistrictFY2023$7,000
Waurika Senior Citizens Center INCOK · FY2023$6,500
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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$78K
Money outPt IX
$78K
Ln 25
Programscol B$78K
Owns and owesPt X
$49K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$49K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$78K
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Total assetsLn 16$49K
LiabilitiesLn 26$0
Net assetsLn 32$49K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$57K$43K
Total assetsLn 16$64K$49K
LiabilitiesLn 26$12K$0
Net assetsLn 32$52K$49K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$72K$72K
Other salaries and wagesLn 7$3K$3K
Accounting feesLn 11c$3K$3K
InsuranceLn 23$69$69
Other expenses (24a–d)Ln 24$319$319
Total functional expensesLn 25$78K$78K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $90K$78K$12K$79K 990 PDF
FY2024 $86K$78K$8K$67K 990 PDF
FY2023 $88K$87K$1K$59K 990 PDF
FY2022 $91K$78K$13K$58K 990 PDF
FY2021 $87K$91K−$4K$45K 990 PDF
FY2020 Viewing $76K$78K−$2K$49K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $75,653 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $83,998$78,451
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $11,652−$2,798
I-12 Total revenuePrior year $95,650$75,653
I-13 Grants and similar amounts paidPrior year $85,278$71,851
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,704$2,834
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $4,285$3,438
I-18 Total expensesPrior year $94,267$78,123
I-19 Revenue less expensesPrior year $1,383−$2,470
Part VI · Governance 3 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $75,653 across 4 lines filed
VIII-1f All other contributions, gifts and grants$78,451
VIII-1h Total contributions, gifts and grants$78,451
VIII-8 Net income from fundraising events−$2,798
VIII-12 Total revenue$75,653
Part IX · Statement of functional expenses $78,123 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $71,851$71,851
IX-7 Other salaries and wagesPrograms $2,834$2,834
IX-11c Accounting feesPrograms $3,050$3,050
IX-23 InsurancePrograms $69$69
IX-24 Other expenses (24a–d)Programs $319$319
IX-25 Total functional expensesPrograms $78,123 · Management $0 · Fundraising $0$78,123
Part X · Balance sheet $49,080 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $57,117$42,855
X-4 Accounts receivableStart of year $6,777$6,225
X-16 Total assetsStart of year $63,894$49,080
X-26 Total liabilitiesStart of year $12,344$0
X-27 Net assets without donor restrictionsStart of year $51,550$49,080
X-32 Total net assets or fund balancesStart of year $51,550$49,080
X-33 Total liabilities and net assetsStart of year $63,894$49,080
Part XI · Reconciliation of net assets $49,080 net assets at year end
XI-1 Total revenue$75,653
XI-2 Total expenses$78,123
XI-3 Revenue less expenses−$2,470
XI-4 Net assets at start of year$51,550
XI-10 Net assets at end of year$49,080

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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