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.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
103 mo
of spending, in cash
Looks good: 103.0 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
$3K
0.2% of total assets
Looks good: liabilities are 0% 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
$663K
+41% vs prior year
Spent
$213K
To programs
72%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$663K
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$150K
FY2021$385K
FY2022$470K
FY2023$663K
FY2024$289K
Expenses
$213K
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$206K
FY2021$272K
FY2022$233K
FY2023$213K
FY2024$116K
Net assets
$1.9M
FY2023▲ +30%
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 FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

72 cents of each dollar spent went to programs.

Program services 72% · $153K Management & general 28% · $60K

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 · $27K · in their own filed words · FY2023
01

Provided support to urban harvest in their efforts to provide resources and education to over 135 local gardens and supporting the communities in growing their own food and creating sustainable greenspaces.

$10Kprogram expense
02

Community outreach program providing thanksgiving turkeys and hams to individuals from impoverished and disaster affected areas.

$9Kprogram expense
03

Provided support to the barbara bush houston literacy foundation in support of their efforts to increase literacy through investments in interventions and out-of-school literacy programs, striving readers receive the extra support and tools they need to become proficient readers by the end of the third grade.

$8Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$663K
Ln 12
Gifts and grantsLn 1h$770K
Investment incomeLn 3$34K
Money outPt IX
$213K
Ln 25
Programscol B$153K
Managementcol C$60K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$1.9M
LiabilitiesLn 26$3K
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$770K
Fundraising eventsLn 1c$769K
Investment incomeLn 3$34K
Total revenueLn 12$663K
Assets in detailPt X, end of year
CashLn 1$38K
SavingsLn 2$1.8M
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$97K
Total assetsLn 16$1.9M
LiabilitiesLn 26$3K
Net assetsLn 32$1.9M
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 FY23End FY23
Cash and savingsLn 1–2$1.4M$1.8M
Land, buildings, equipmentLn 10c$111K$97K
Total assetsLn 16$1.5M$1.9M
LiabilitiesLn 26$33K$3K
Net assetsLn 32$1.5M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Grants to domestic individualsLn 2$18K$18K
Other salaries and wagesLn 7$90K$67K$22K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$7K$5K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$1K
Information technologyLn 14$4K$4K
TravelLn 17$532$532
Conferences, conventions and meetingsLn 19$770$770
InterestLn 20$91$91
Depreciation, depletion and amortizationLn 22$905$679$226
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$21K$9K$12K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$213K$153K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $289K$116K$173K$2.1M 990 PDF
FY2023 Viewing $663K$213K$450K$1.9M 990 PDF
FY2022 $470K$233K$238K$1.5M 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $663,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $631,193$769,629
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,694$34,267
I-11 Other revenuePrior year −$165,675−$140,711
I-12 Total revenuePrior year $470,212$663,185
I-13 Grants and similar amounts paidPrior year $77,698$71,401
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $102,848$98,656
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $52,045$43,373
I-18 Total expensesPrior year $232,591$213,430
I-19 Revenue less expensesPrior year $237,621$449,755
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 $663,185 across 6 lines filed
VIII-1c Fundraising events$769,060
VIII-1f All other contributions, gifts and grants$569
VIII-1h Total contributions, gifts and grants$769,629
VIII-3 Investment incomeUnrelated business $34,267$34,267
VIII-8 Net income from fundraising eventsExcluded from tax −$140,711−$140,711
VIII-12 Total revenueRelated to mission $0 · Unrelated business $34,267 · Excluded from tax −$140,711$663,185
Part IX · Statement of functional expenses $213,430 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $53,382$53,382
IX-2 Grants to domestic individualsPrograms $18,019$18,019
IX-7 Other salaries and wagesPrograms $67,275 · Management $22,425$89,700
IX-9 Other employee benefitsManagement $2,434$2,434
IX-10 Payroll taxesPrograms $4,891 · Management $1,631$6,522
IX-12 Advertising and promotionManagement $3,699$3,699
IX-13 Office expensesManagement $1,056$1,056
IX-14 Information technologyManagement $3,539$3,539
IX-17 TravelManagement $532$532
IX-19 Conferences, conventions and meetingsManagement $770$770
IX-20 InterestManagement $91$91
IX-22 Depreciation, depletion and amortizationPrograms $679 · Management $226$905
IX-23 InsuranceManagement $7,749$7,749
IX-24 Other expenses (24a–d)Programs $9,111 · Management $11,764$20,875
IX-24e All other expensesManagement $4,157$4,157
IX-25 Total functional expensesPrograms $153,357 · Management $60,073 · Fundraising $0$213,430
Part X · Balance sheet $1,929,228 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $37,764$38,000
X-2 Savings and temporary cash investmentsStart of year $1,344,867$1,794,131
X-10c Land, buildings and equipment, netStart of year $111,319$97,097
X-16 Total assetsStart of year $1,509,676$1,929,228
X-25 Other liabilitiesStart of year $33,108$2,905
X-26 Total liabilitiesStart of year $33,108$2,905
X-32 Total net assets or fund balancesStart of year $1,476,568$1,926,323
X-33 Total liabilities and net assetsStart of year $1,509,676$1,929,228
Part XI · Reconciliation of net assets $1,926,323 net assets at year end
XI-1 Total revenue$663,185
XI-2 Total expenses$213,430
XI-3 Revenue less expenses$449,755
XI-4 Net assets at start of year$1,476,568
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,926,323

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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