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Nonprofiteer
← COTTON ELECTRIC CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by COTTON ELECTRIC CHARITABLE FOUNDATION.

Totals

Total revenue
$85,742
Total expenses
$78,195
Contributions and grants received
$74,128
Grants paid
$73,409
Program service revenue
$0
Investment income
$0
Other revenue
$11,614
Total assets, end of year
$68,203
Total liabilities, end of year
$1,200
Net assets or fund balances, end of year
$67,003
Program services expenses (Part IX)
$78,195
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$78,195

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $74,128

  • 1g · Noncash contributions included above

    $3,151

  • 8a · Fundraising events: gross income

    $31,773

  • 8b · Fundraising events: direct expenses

    $20,159

  • 8c · Net income from fundraising events

    total $11,614

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $73,409 · program services $73,409

  • 11c · Fees: accounting

    total $1,200 · program services $1,200

  • 24a · Other expenses: OTHER EXPENSES

    total $3,151 · program services $3,151

  • 24b · Other expenses: MILEAGE

    total $435 · program services $435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,496 · end of year $62,327

  • 4 · Accounts receivable

    beginning of year $5,960 · end of year $5,876

  • 17 · Accounts payable and accrued expenses

    end of year $1,200

  • 27 · Net assets without donor restrictions

    beginning of year $59,456 · end of year $67,003

Mission and programs · 2023

Mission

CHARITABLE DONATIONS

  • 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 SERVICE AREA OF COTTON ELECTRIC COOPERATIVE INC.

    Expenses $78,195 · Grants $73,409

  • 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 SERVICE AREA OF COTTON ELECTRIC COOPERATIVE INC.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Meason

    DIRECTOR

    Total calculated
    $406,062
    From this org
    $0
    From related orgs
    $264,456
    Other
    $141,606
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $264,456 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $141,606 related
    Filer's total
    not reported + $406,062 related

  • Shannon Files

    DIRECTOR

    Total calculated
    $6,016
    From this org
    $0
    From related orgs
    $6,016
    Other
    $0
    Hours/week
    0.25 + 5 related

  • Polly Krasser

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.25

  • Carter Waid

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.25

  • Cindy Zelbst

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
30 August 2024
IRS schema version
2023v5.0
Source object
202412549349300526

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