Cotton Incorporated

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Cotton Incorporated, funded by u.s. Growers of upland Cotton and importers of Cotton and Cotton textile products, is the research and marketing company representing upland Cotton. The program is designed and operated to improve the demand for and profitability of Cotton.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0786018) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 107 volunteers and 151 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.6M a year · 2% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
0% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.5M
to officers and key staff · 4% of spending
Pay to officers and key staff is 4% of spending.
Part VII, Section A
0.8 mo
of spending, in cash
0.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $17K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$20.2M
68% of total assets
Liabilities are 68% of assets.
Pt X · Ln 26
Independent board members
107
of 107 voting members
107 of 107 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$86.9M
-2% vs prior year
Spent
$86.4M
To programs
0%
Net assets
$9.5M
By yearFY2020–FY2025
Revenue
$86.9M
FY2025▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$78.7M
FY2021$76.2M
FY2022$83.2M
FY2023$87.2M
FY2024$89.1M
FY2025$86.9M
Expenses
$86.4M
FY2025▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$78.4M
FY2021$72.6M
FY2022$82.1M
FY2023$84.5M
FY2024$87.4M
FY2025$86.4M
Net assets
$9.5M
FY2025▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$21K
FY2021$3.6M
FY2022$4.8M
FY2023$7.4M
FY2024$9.0M
FY2025$9.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1968.

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

Who runs it and what they're paid

119 people listed on the 990; $3.5M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$456,634Pt VII · Sec A
Senior VP, Global Supply Chain Marketing (thru 07/2025)
$417,003Pt VII · Sec A
Senior VP, Consumer Marketing (thru 07/2025)
$355,833Pt VII · Sec A
VP & Managing Director, Pdi
$289,738Pt VII · Sec A
VP & Chief Sustainability Officer
$278,573Pt VII · Sec A
$271,416Pt VII · Sec A
VP, Information Technology & CTO
$259,797Pt VII · Sec A
VP, Fiber Competition
$259,733Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
J Berrye Worsham—$784,861$724,994$735,873$692,594$676,575
William Kimbrell$456,634$350,168$236,863———
Mark Messura$417,003$357,939$349,588$341,597$311,397$316,074
Kater Hake———$365,438$298,903$305,518
Kimberly S Kitchings$355,833$317,614$291,002$277,853$254,910$255,816
David Byrd————$277,777$304,659
Mike Shen$289,738$281,297$268,840$259,991$223,706$227,287
John Morgans—$271,721$289,305$274,642$260,362$262,727

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cotton Incorporated executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes cotton and cotton products through research, education, and marketing.

Questions for Cotton Incorporated

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3 programs · in their own filed words · FY2025
01

See schedule o.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0786018) · Dispute this line
Pt IX · Ln 25 · col B
02

See schedule o.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0786018) · Dispute this line
Pt IX · Ln 25 · col B
03

See schedule o.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 62-0786018) · Dispute this line
Pt IX · Ln 25 · col B

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 · FY2025
Total grants receivedfrom 1 funder$17K
Grants paid · 6 grants · $1.9M · 2020–2025
Unitemized GrantFY2025$394,834
Unitemized GrantFY2024$274,085
Unitemized GrantFY2023$257,514
Unitemized GrantFY2022$259,943
Unitemized GrantFY2021$326,988
Unitemized GrantFY2020$356,881

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$86.9M
Ln 12
Gifts and grantsLn 1h$86.9M
Money outPt IX
$86.4M
Ln 25
Owns and owesPt X
$9.5M
net assets · Ln 32
Cash and savingsLn 1–2$5.5M
Total assetsLn 16$29.8M
LiabilitiesLn 26$20.2M
PeoplePt VI, VII
119
listed · VII A
PaidVII A12
Voting boardVI 1a107
IndependentVI 1b107
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$86.9M
Total revenueLn 12$86.9M
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$5.5M
Cash and savings togetherLn 1–2$5.5M
Accounts receivableLn 4$9.4M
Prepaid expenses and deferred chargesLn 9$1.9M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$10.2M
Total assetsLn 16$29.8M
LiabilitiesLn 26$20.2M
Net assetsLn 32$9.5M
OperationsPt I, VI
EmployeesI 5151
VolunteersI 6107
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$5.5M$5.5M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$3.1M$2.7M
Total assetsLn 16$28.4M$29.8M
LiabilitiesLn 26$19.4M$20.2M
Net assetsLn 32$9.0M$9.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$395K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$3.0M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$16.1M
Pension plan contributionsLn 8$1.1M
Other employee benefitsLn 9$2.9M
Payroll taxesLn 10$1.2M
Management feesLn 11a$3.4M
Legal feesLn 11b$234K
Accounting feesLn 11c$200K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$321K
Other fees for servicesLn 11g$804K
Advertising and promotionLn 12$28.0M
Office expensesLn 13$334K
Information technologyLn 14$1.7M
RoyaltiesLn 15$0
OccupancyLn 16$1.5M
TravelLn 17$2.1M
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$1.7M
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$1.2M
InsuranceLn 23$258K
Other expenses (24a–d)Ln 24$18.2M
All other expensesLn 24e$1.8M
Total functional expensesLn 25$86.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 26, 2026 $86.9M$86.4M$496K$9.5M 990 PDF
FY2024Filed with the IRS Aug 15, 2025 $89.1M$87.4M$1.6M$9.0M 990 PDF
FY2023Filed with the IRS Aug 13, 2024 $87.2M$84.5M$2.6M$7.4M 990 PDF
FY2022Filed with the IRS Aug 11, 2023 $83.2M$82.1M$1.1M$4.8M 990 PDF
FY2021Filed with the IRS Aug 29, 2022 $76.2M$72.6M$3.6M$3.6M 990 PDF
FY2020Filed with the IRS Aug 23, 2021 $78.7M$78.4M$371K$21K 990 PDF

Schedules filed Part IV

B · Donors D · Assets and endowments F · Foreign I · Grants J · Pay O · Explanations
See the full FY2025 990
Part I · Summary $86,904,598 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $89,064,927$86,904,598
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $89,064,927$86,904,598
I-13 Grants and similar amounts paidPrior year $274,085$394,834
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $23,190,542$24,292,115
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $63,957,922$61,722,077
I-18 Total expensesPrior year $87,422,549$86,409,026
I-19 Revenue less expensesPrior year $1,642,378$495,572
Part VI · Governance 107 of 107 board members independent, 1 to look at
VI-1a Voting members of the governing body107
VI-1b Independent voting members107
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $86,904,598 across 4 lines filed
VIII-1f All other contributions, gifts and grants$86,904,598
VIII-1h Total contributions, gifts and grants$86,904,598
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$86,904,598
Part IX · Statement of functional expenses $86,409,026 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$394,834
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$2,954,920
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$16,103,762
IX-8 Pension plan contributions$1,128,773
IX-9 Other employee benefits$2,947,507
IX-10 Payroll taxes$1,157,153
IX-11a Management fees$3,433,459
IX-11b Legal fees$233,888
IX-11c Accounting fees$200,296
IX-11d Lobbying fees$0
IX-11f Investment management fees$320,580
IX-11g Other fees for services$804,280
IX-12 Advertising and promotion$27,979,672
IX-13 Office expenses$333,825
IX-14 Information technology$1,662,617
IX-15 Royalties$0
IX-16 Occupancy$1,482,638
IX-17 Travel$2,055,335
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$1,721,991
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$1,239,282
IX-23 Insurance$258,490
IX-24 Other expenses (24a–d)$18,234,990
IX-24e All other expenses$1,760,734
IX-25 Total functional expenses$86,409,026
Part X · Balance sheet $29,773,650 assets, 28 lines filed
X-1 Cash, non-interest-bearingStart of year $1,782$1,783
X-2 Savings and temporary cash investmentsStart of year $5,538,753$5,501,827
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $8,622,862$9,437,527
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $1,731,499$1,948,604
X-10c Land, buildings and equipment, netStart of year $3,070,071$2,672,570
X-11 Publicly traded securitiesStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $9,466,676$10,211,339
X-16 Total assetsStart of year $28,431,643$29,773,650
X-17 Accounts payable and accrued expensesStart of year $16,225,178$17,236,204
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $3,176,294$3,011,703
X-26 Total liabilitiesStart of year $19,401,472$20,247,907
X-27 Net assets without donor restrictionsStart of year $9,030,171$9,525,743
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $9,030,171$9,525,743
X-33 Total liabilities and net assetsStart of year $28,431,643$29,773,650
Part XI · Reconciliation of net assets $9,525,743 net assets at year end
XI-1 Total revenue$86,904,598
XI-2 Total expenses$86,409,026
XI-3 Revenue less expenses$495,572
XI-4 Net assets at start of year$9,030,171
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,525,743

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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