Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $8,602,937

• 1e · Government grants (contributions)

  $7,784,749

• 2a · Program service revenue: ADVERTISING SPONSORSHIPS

  total $320,695 · unrelated business $320,695

• 2b · Program service revenue: BELTWIDE COTTON CONFERENCES

  total $231,480 · related or exempt $141,480 · unrelated business $90,000

• 3 · Investment income

  total $501,608 · excluded $501,608

• 7a · Gross sales of assets other than inventory

  securities $3,470,210 · other assets $25,421

• 7b · Less cost or other basis and sales expenses

  securities $2,890,690 · other assets $27,857

• 7c · Gain or loss

  securities $579,520 · other assets -$2,436

• 7d · Net gain or loss

  total $577,084 · related or exempt $577,084

• 11a · Other revenue: CCI MANAGEMENT SERVICE FEES

  total $3,102,388 · related or exempt $3,102,388

• 11b · Other revenue: COTTON INDUSTRY SUPPORT

  total $598,046 · related or exempt $598,046

• 11c · Other revenue: COTTON FOUNDATION MANAGEMENT SERV

  total $124,025 · related or exempt $124,025

• 11d · All other revenue

  total $20,604 · related or exempt $20,604

• 11e · Other revenue, total

  $3,845,063

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,150,383

• 5 · Compensation of officers, directors and key employees

  total $2,115,786

• 7 · Other salaries and wages

  total $5,947,191

• 8 · Pension plan contributions

  total $606,458

• 9 · Other employee benefits

  total $825,774

• 10 · Payroll taxes

  total $585,192

• 11b · Fees: legal

  total $601,513

• 11c · Fees: accounting

  total $3,504

• 11f · Fees: investment management

  total $27,200

• 11g · Fees: other

  total $201,062

• 12 · Advertising and promotion

  total $499,750

• 13 · Office expenses

  total $175,594

• 14 · Information technology

  total $2,094,459

• 16 · Occupancy

  total $253,108

• 17 · Travel

  total $654,695

• 19 · Conferences, conventions and meetings

  total $970,303

• 22 · Depreciation, depletion and amortization

  total $384,247

• 23 · Insurance

  total $121,945

• 24a · Other expenses: GROWER ENROLLMENT INCEN

  total $2,227,117

• 24b · Other expenses: BELTWIDE COTTON CONFERE

  total $286,684

• 24c · Other expenses: PROXY TAX

  total $235,218

• 24d · Other expenses: PERIODICALS, MEMBERSHIP

  total $218,262

• 24e · All other expenses

  total $235,208

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,574,559 · end of year $1,506,666

• 2 · Savings and temporary cash investments

  beginning of year $339,560 · end of year $1,068,383

• 4 · Accounts receivable

  beginning of year $1,245,459 · end of year $1,046,903

• 8 · Inventories for sale or use

  beginning of year $1,489 · end of year $1,086

• 9 · Prepaid expenses and deferred charges

  beginning of year $61,335 · end of year $72,939

• 10a · Land, buildings and equipment: cost or other basis

  $5,660,253

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,653,327

• 10c · Land, buildings and equipment, net

  beginning of year $3,224,898 · end of year $3,006,926

• 11 · Investments: publicly traded securities

  beginning of year $18,132,698 · end of year $17,193,400

• 15 · Other assets

  beginning of year $1,382,742 · end of year $1,479,100

• 17 · Accounts payable and accrued expenses

  beginning of year $1,069,953 · end of year $1,255,862

• 19 · Deferred revenue

  beginning of year -$12,314 · end of year $80,672

• 25 · Other liabilities

  beginning of year $1,050,187 · end of year $1,105,907

• 27 · Net assets without donor restrictions

  beginning of year $23,854,914 · end of year $22,932,962

The filer's explanations (Part III)

PART I, LINE 1A

COMPANY PROVIDES TRAVEL FOR PRESIDENT & CEO'S SPOUSE WHICH HE IS TAXED ON AT THE END OF THE YEAR AND ALSO PROVIDES MEMBERSHIP IN 2 CLUBS.

PART I, LINE 4B

GARY ADAMS PARTICIPATES IN A COLI PLAN AND THE ANNUAL PREMIUM PAYMENTS MADE BY NATIONAL COTTON COUNCIL ARE $15,000.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• US COTTON TRUST PROTOCOL

  SUSTAINABLE COTTON PRODUCTION MEASUREMENT AND IMPROVEMENT · TN · income $10,900,864 · assets $3,548,785

  Directly controlled by NATIONAL COTTON COUNCIL OF AMERICA