Supima FY2021 filing

Not tax-deductible

Tempe, AZ501(c)(6)Since 1954EIN 86-0097080Revenue $8.8M in FY2021

On file with the IRSsupima.com1710 W Ranch Rd Ste 205, 85284-2022 · Tempe, AZTax-exempt since Dec 1984

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The organization promotes the development and use of u.s. Produced extra- long staple (els) cotton and to support selected research activities that enhance the quality, production and reputation of american pima cotton.

$544K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 6
filings with a surplus
Average surplus $197K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$544K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$38K
0.3% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8.8M
+44% vs prior year
Spent
$5.9M
To programs
0%
Net assets
$13.6M
By yearFY2020–FY2025
Revenue
$8.8M
FY2021▲ +44%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.1M
FY2021$8.8M
FY2022$7.3M
FY2023$5.5M
FY2024$9.2M
FY2025$9.7M
Expenses
$5.9M
FY2021▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.6M
FY2021$5.9M
FY2022$6.9M
FY2023$8.0M
FY2024$7.4M
FY2025$10.6M
Net assets
$13.6M
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.7M
FY2021$13.6M
FY2022$14.1M
FY2023$11.5M
FY2024$13.3M
FY2025$12.3M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1984.

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

Who runs it and what they're paid

12 people listed on the 990; $544K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President &
$284,000Pt VII · Sec A
Vp-Marketing
$260,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Marc Lewkowitz$500,070$338,072$325,077$300,094$284,000$284,000
Buxton Midyette$350,000$312,000$270,352$282,600$260,000$260,000
Jason Thompson$282,500—————

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.

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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

Promotes U.S. extra-long staple cotton development and research for quality.

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Provided by the organization

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1 program · in their own filed words · FY2020
01

The organization advertised their supported cotton at various trade shows and in trade magazines. The organization also developed advertising campaigns for their cotton. Research projects were undertaking to test products for authentic use of cotton advertised as supima cotton.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$8.8M
Ln 12
Other incomeLn 4–11$6.2M
Investment incomeLn 3$2.0M
Fees for servicesLn 2g$687K
Money outPt IX
$5.9M
Ln 25
Owns and owesPt X
$13.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$13.7M
LiabilitiesLn 26$38K
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$687K
Investment incomeLn 3$2.0M
Other incomeLn 4–11$6.2M
Gains on assetsLn 7$2.0M
Total revenueLn 12$8.8M
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$7.0M
Cash and savings togetherLn 1–2$7.1M
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$35K
Total assetsLn 16$13.7M
LiabilitiesLn 26$38K
Net assetsLn 32$13.6M
OperationsPt I, VI
EmployeesI 56
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 FY21End FY21
Cash and savingsLn 1–2$4.4M$7.1M
Land, buildings, equipmentLn 10c$6.3M$6.6M
Total assetsLn 16$10.7M$13.7M
LiabilitiesLn 26$87K$38K
Net assetsLn 32$10.7M$13.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$544K
Other salaries and wagesLn 7$324K
Pension plan contributionsLn 8$122K
Payroll taxesLn 10$51K
Legal feesLn 11b$974K
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$200K
Advertising and promotionLn 12$2.7M
Office expensesLn 13$30K
TravelLn 17$9K
Conferences, conventions and meetingsLn 19$13K
InsuranceLn 23$185K
Other expenses (24a–d)Ln 24$537K
All other expensesLn 24e$158K
Total functional expensesLn 25$5.9M$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.7M$10.6M−$938K$12.3M 990 PDF
FY2024 $9.2M$7.4M$1.7M$13.3M 990 PDF
FY2023 $5.5M$8.0M−$2.5M$11.5M 990 PDF
FY2022 $7.3M$6.9M$408K$14.1M 990 PDF
FY2021 Viewing $8.8M$5.9M$3.0M$13.6M 990 PDF
FY2020 $6.1M$6.6M−$484K$10.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $8,845,406 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $345,650$687,009
I-10 Investment incomePrior year $52,609$1,998,500
I-11 Other revenuePrior year $5,733,743$6,159,897
I-12 Total revenuePrior year $6,132,002$8,845,406
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,082,866$1,041,197
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $5,533,135$4,816,140
I-18 Total expensesPrior year $6,616,001$5,857,337
I-19 Revenue less expensesPrior year −$483,999$2,988,069
Part VI · Governance 0 of 13 board members independent, 4 to look at
VI-1a Voting members of the governing body13
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 $8,845,406 across 7 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $687,009$687,009
VIII-3 Investment incomeRelated to mission $785$785
VIII-5 RoyaltiesExcluded from tax $70,000$70,000
VIII-6 Net rental income or lossExcluded from tax $34,041$34,041
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,997,715$1,997,715
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,811,519 · Excluded from tax $4,244,337$6,055,856
VIII-12 Total revenueRelated to mission $4,497,028 · Excluded from tax $4,348,378$8,845,406
Part IX · Statement of functional expenses $5,857,337 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$544,000
IX-7 Other salaries and wages$323,894
IX-8 Pension plan contributions$122,234
IX-10 Payroll taxes$51,069
IX-11b Legal fees$973,951
IX-11c Accounting fees$12,349
IX-11g Other fees for services$200,000
IX-12 Advertising and promotion$2,697,396
IX-13 Office expenses$29,809
IX-17 Travel$9,049
IX-19 Conferences, conventions and meetings$13,187
IX-23 Insurance$185,297
IX-24 Other expenses (24a–d)$537,079
IX-24e All other expenses$158,023
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$5,857,337
Part X · Balance sheet $13,682,692 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $71,172$85,919
X-2 Savings and temporary cash investmentsStart of year $4,339,373$6,988,516
X-4 Accounts receivableStart of year $7,675$1,983
X-10c Land, buildings and equipment, netStart of year $6,290,502$6,571,274
X-15 Other assetsStart of year $35,000$35,000
X-16 Total assetsStart of year $10,743,722$13,682,692
X-17 Accounts payable and accrued expensesStart of year $86,731$37,632
X-26 Total liabilitiesStart of year $86,731$37,632
X-27 Net assets without donor restrictionsStart of year $10,656,991$13,645,060
X-32 Total net assets or fund balancesStart of year $10,656,991$13,645,060
X-33 Total liabilities and net assetsStart of year $10,743,722$13,682,692
Part XI · Reconciliation of net assets $13,645,060 net assets at year end
XI-1 Total revenue$8,845,406
XI-2 Total expenses$5,857,337
XI-3 Revenue less expenses$2,988,069
XI-4 Net assets at start of year$10,656,991
XI-10 Net assets at end of year$13,645,060

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

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