The Cotton Foundation is dedicated to restoring hope to children and individuals whose lives have been affected by natural disasters and other life-changing challenges.

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $183K a year · 47% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
50 mo
of spending, in cash
Looks good: 49.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $300
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$385K
+157% vs prior year
Spent
$272K
To programs
80%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$385K
FY2021▲ +157%
Tap a bar for its year
Revenue by fiscal year
FY2020$150K
FY2021$385K
FY2022$470K
FY2023$663K
FY2024$289K
Expenses
$272K
FY2021▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$272K
FY2022$233K
FY2023$213K
FY2024$116K
Net assets
$1.2M
FY2021▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$1.9M
FY2024$2.1M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2007.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $218K Management & general 20% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Cotton 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

Restores hope to children and individuals impacted by natural disasters and life challenges.

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Provided by the organization

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3 programs · $46K · in their own filed words · FY2021
01

Sponsorship of magnolia community services to provide supplies and essential assistance to individuals affected by hurricane ida. Assistance benefited over 125 individuals.

$25Kprogram expense
02

Sponsorship of the epsilon psi house annual alumni golf tournament dedicated to providing student housing support for leadership development within the sigma chi fraternity at sam houston state university.

$11Kprogram expense
03

Sponsorship of the fire and whiskey annual event held by by deliverfund to raise funds to proactivelycombat human trafficking utilizing cutting-edge technology and top-tier counter human trafficking intelligence analysts.

$10Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$300
Grants paid · 18 grants · $148K · 2020–2024
American Cancer Society INCGA · FY2024$7,500
Second Mountain MinistriesTX · FY2024$3,500
Urban Harvest INCTX · FY2023$10,000
Unbound GlobalTX · FY2023$5,000
Pink Bows FoundationTX · FY2023$5,000
Dress for Success WorldwideNY · FY2023$5,000
Urban Harvest INCTX · FY2022$6,000
Leukemia & Lymphoma SocietyNY · FY2022$5,000
Dress for Success WorldwideNY · FY2022$5,000
Jamie's HopeTX · FY2022$5,000
Deliver FundMT · FY2021$10,000
Jamie's HopeTX · FY2021$5,000

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$385K
Ln 12
Gifts and grantsLn 1h$520K
Investment incomeLn 3$2K
Money outPt IX
$272K
Ln 25
Programscol B$218K
Managementcol C$53K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$22K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$520K
Noncash giftsLn 1g$7K
Fundraising eventsLn 1c$486K
Investment incomeLn 3$2K
Total revenueLn 12$385K
Assets in detailPt X, end of year
CashLn 1$30K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Land, buildings, equipmentLn 10c$112K
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$22K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 51
VolunteersI 630
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$998K$1.1M
Land, buildings, equipmentLn 10c$112K$112K
Total assetsLn 16$1.1M$1.3M
LiabilitiesLn 26$5K$22K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$86K$86K
Grants to domestic individualsLn 2$6K$6K
Other salaries and wagesLn 7$92K$69K$23K
Other employee benefitsLn 9$100$100
Payroll taxesLn 10$7K$5K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$59K$52K$7K
Advertising and promotionLn 12$75$75
Office expensesLn 13$542$542
Information technologyLn 14$3K$3K
TravelLn 17$3K$3K
InterestLn 20$145$145
Depreciation, depletion and amortizationLn 22$375$281$94
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$2K$660$1K
Total functional expensesLn 25$272K$218K$53K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $289K$116K$173K$2.1M 990 PDF
FY2023 $663K$213K$450K$1.9M 990 PDF
FY2022 $470K$233K$238K$1.5M 990 PDF
FY2021 Viewing $385K$272K$113K$1.2M 990 PDF
FY2020 $150K$206K−$56K$1.1M 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 FY2021 990 (6 parts)
Part I · Summary $384,806 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $171,061$520,166
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5,056$1,825
I-11 Other revenuePrior year −$26,228−$137,185
I-12 Total revenuePrior year $149,889$384,806
I-13 Grants and similar amounts paidPrior year $83,488$91,450
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $100,508$98,823
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $22,197$81,541
I-18 Total expensesPrior year $206,193$271,814
I-19 Revenue less expensesPrior year −$56,304$112,992
Part VI · Governance 0 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $384,806 across 7 lines filed
VIII-1c Fundraising events$485,730
VIII-1f All other contributions, gifts and grants$34,436
VIII-1g Noncash contributions (included above)$7,426
VIII-1h Total contributions, gifts and grants$520,166
VIII-3 Investment incomeUnrelated business $1,825$1,825
VIII-8 Net income from fundraising eventsExcluded from tax −$137,185−$137,185
VIII-12 Total revenueRelated to mission $0 · Unrelated business $1,825 · Excluded from tax −$137,185$384,806
Part IX · Statement of functional expenses $271,814 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $85,754$85,754
IX-2 Grants to domestic individualsPrograms $5,696$5,696
IX-7 Other salaries and wagesPrograms $69,000 · Management $23,000$92,000
IX-9 Other employee benefitsManagement $100$100
IX-10 Payroll taxesPrograms $5,042 · Management $1,681$6,723
IX-11c Accounting feesManagement $2,345$2,345
IX-11g Other fees for servicesPrograms $52,047 · Management $7,035$59,082
IX-12 Advertising and promotionManagement $75$75
IX-13 Office expensesManagement $542$542
IX-14 Information technologyManagement $3,334$3,334
IX-17 TravelManagement $3,300$3,300
IX-20 InterestManagement $145$145
IX-22 Depreciation, depletion and amortizationPrograms $281 · Management $94$375
IX-23 InsuranceManagement $6,080$6,080
IX-24 Other expenses (24a–d)Management $4,542$4,542
IX-24e All other expensesPrograms $660 · Management $1,061$1,721
IX-25 Total functional expensesPrograms $218,480 · Management $53,334 · Fundraising $0$271,814
Part X · Balance sheet $1,261,088 assets, 9 lines filed
Asset lines not itemized here account for $19,281; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $5,524$30,023
X-2 Savings and temporary cash investmentsStart of year $992,748$1,100,278
X-10c Land, buildings and equipment, netStart of year $111,881$111,506
X-15 Other assetsStart of year $13,750$0
X-16 Total assetsStart of year $1,131,403$1,261,088
X-25 Other liabilitiesStart of year $5,448$22,141
X-26 Total liabilitiesStart of year $5,448$22,141
X-32 Total net assets or fund balancesStart of year $1,125,955$1,238,947
X-33 Total liabilities and net assetsStart of year $1,131,403$1,261,088
Part XI · Reconciliation of net assets $1,238,947 net assets at year end
XI-1 Total revenue$384,806
XI-2 Total expenses$271,814
XI-3 Revenue less expenses$112,992
XI-4 Net assets at start of year$1,125,955
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,238,947

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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