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← COTTON CHARITABLE FOUNDATION

Form 990 for tax year 2023

Filed by COTTON CHARITABLE FOUNDATION.

Totals

Total revenue
$663,185
Total expenses
$213,430
Contributions and grants received
$769,629
Grants paid
$71,401
Program service revenue
$0
Investment income
$34,267
Other revenue
-$140,711
Total assets, end of year
$1,929,228
Total liabilities, end of year
$2,905
Net assets or fund balances, end of year
$1,926,323
Program services expenses (Part IX)
$153,357
Management and general expenses
$60,073
Fundraising expenses
$0
Program service expenses (Part III)
$153,357

Program services were 71.9% 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.

  • 1c · Fundraising events

    $769,060

  • 1f · All other contributions, gifts and grants

    $569

  • 3 · Investment income

    total $34,267 · unrelated business $34,267

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $769,060

  • 8b · Fundraising events: direct expenses

    $140,711

  • 8c · Net income from fundraising events

    total -$140,711 · excluded -$140,711

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,382 · program services $53,382

  • 2 · Grants to domestic individuals

    total $18,019 · program services $18,019

  • 7 · Other salaries and wages

    total $89,700 · program services $67,275 · management and general $22,425

  • 9 · Other employee benefits

    total $2,434 · management and general $2,434

  • 10 · Payroll taxes

    total $6,522 · program services $4,891 · management and general $1,631

  • 12 · Advertising and promotion

    total $3,699 · management and general $3,699

  • 13 · Office expenses

    total $1,056 · management and general $1,056

  • 14 · Information technology

    total $3,539 · management and general $3,539

  • 17 · Travel

    total $532 · management and general $532

  • 19 · Conferences, conventions and meetings

    total $770 · management and general $770

  • 20 · Interest

    total $91 · management and general $91

  • 22 · Depreciation, depletion and amortization

    total $905 · program services $679 · management and general $226

  • 23 · Insurance

    total $7,749 · management and general $7,749

  • 24a · Other expenses: SQUARE CHARGES

    total $8,121 · management and general $8,121

  • 24b · Other expenses: SUPPLIES

    total $6,094 · program services $6,094

  • 24c · Other expenses: SUBSCRIPTIONS

    total $3,643 · management and general $3,643

  • 24d · Other expenses: MISCELLANEOUS

    total $3,017 · program services $3,017

  • 24e · All other expenses

    total $4,157 · management and general $4,157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,764 · end of year $38,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,344,867 · end of year $1,794,131

  • 7 · Other notes and loans receivable

    beginning of year $15,726 · end of year $0

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

    $113,660

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

    $16,563

  • 10c · Land, buildings and equipment, net

    beginning of year $111,319 · end of year $97,097

  • 25 · Other liabilities

    beginning of year $33,108 · end of year $2,905

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,476,568 · end of year $1,926,323

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $10,000 · Grants $10,000

  • COMMUNITY OUTREACH PROGRAM PROVIDING THANKSGIVING TURKEYS AND HAMS TO INDIVIDUALS FROM IMPOVERISHED AND DISASTER AFFECTED AREAS.

    Expenses $9,019

  • 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.

    Expenses $7,500 · Grants $7,500

  • GIFTS AND ASSISTANCE DEDICATED TO THE ASSISTANCE FOR NEEDY FAMILIES IN THE RECOVERY FROM DISASTERS AND THE PROMOTION OF EDUCATION.

    Expenses $126,838 · Grants $53,901

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

Listed in Part VII

  • Daryn Ebrecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Peter J Bell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marsha Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • URBAN HARVEST

    $10,000

    TO SUPPORT 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.

  • DRESS FOR SUCCESS

    $5,000

    TO EMPOWER WOMEN TO ACHIEVE ECONOMIC INDEPENDENCE BY PROVIDING A NETWORK OF SUPPORT, PROFESSIONAL ATTIRE, AND THE DEVELOPMENT TOOLS TO HELP WOMEN THRIVE IN WORK AND IN LIFE.

  • BARBARA BUSH HOUSTON LITERACY FOUNDATION

    $5,000

    TO PROVIDE RESOURCES TO THE FOUNDATION IN ITS MISSION TO EXPANDING ACCESS TO LITERACY SERVICES FOR ADULTS NATIONWIDE.

  • PINK BOWS FOUNDATION

    $5,000

    TO PROMOTE STRONGER SAFETY PROTOCOLS TO BE CONSISTENTLY IMPLEMENTED AT ENTERTAINMENT VENUES, WHILE PROVIDING SAFE SPACES AND PROTECTING ATTENDEES TO PREVENT AVOIDABLE INJURIES OR DEATH.

  • AMERICAN HEART ASSOCIATION

    $5,000

    TO HELP FUND LIFESAVING RESEARCH, ADVOCATE FOR HEALTHIER COMMUNITIES, IMPROVE PATIENT CARE AND WORK FOR EQUITABLE HEALTH FOR ALL PEOPLE.

  • UNBOUND NOW

    $5,000

    TO PROVIDE FUNDS IN THE FIGHT FOR THE PROTECTION OF THE VULNERABLE, IDENTIFY THE EXPLOITED, AND ADVOCATE FOR SURVIVORS ON THEIR PATH TO RESTORATION.

Provenance

Return type
form_990
Tax year
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202510349349301896

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