Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $507,500

• 1e · Government grants (contributions)

  $23,364,429

• 1f · All other contributions, gifts and grants

  $4,222,828

• 2a · Program service revenue: Conference Revenue

  total $765,960 · related or exempt $765,960

• 3 · Investment income

  total $2,032 · excluded $2,032

• 11a · Other revenue: Other Income

  total $1,000,000 · excluded $1,000,000

• 11e · Other revenue, total

  $1,000,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $928,312

• 7 · Other salaries and wages

  total $2,725,581

• 9 · Other employee benefits

  total $481,464

• 10 · Payroll taxes

  total $164,268

• 11b · Fees: legal

  total $69,842

• 11c · Fees: accounting

  total $243,650

• 11g · Fees: other

  total $171,656

• 12 · Advertising and promotion

  total $14,927,742

• 13 · Office expenses

  total $559,945

• 16 · Occupancy

  total $564,298

• 17 · Travel

  total $4,983,608

• 20 · Interest

  total $52,888

• 22 · Depreciation, depletion and amortization

  total $39,492

• 23 · Insurance

  total $29,664

• 24a · Other expenses: Trade

  total $2,569,671

• 24b · Other expenses: STRE

  total $259,077

• 24c · Other expenses: Books/Periodicals

  total $39,035

• 24d · Other expenses: Tuition/Training

  total $6,499

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $738,991 · end of year $1,035,452

• 2 · Savings and temporary cash investments

  beginning of year $500,302 · end of year $745,655

• 3 · Pledges and grants receivable

  beginning of year $4,325,914 · end of year $5,331,730

• 4 · Accounts receivable

  beginning of year $466,771 · end of year $90,555

• 9 · Prepaid expenses and deferred charges

  beginning of year $651,342 · end of year $385,766

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

  $795,778

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

  $739,652

• 10c · Land, buildings and equipment, net

  beginning of year $62,595 · end of year $56,126

• 15 · Other assets

  beginning of year $740,217 · end of year $753,440

• 17 · Accounts payable and accrued expenses

  beginning of year $3,170,023 · end of year $2,538,495

• 19 · Deferred revenue

  beginning of year $14,000

• 24 · Unsecured notes and loans payable

  beginning of year $1,500,000 · end of year $1,500,000

• 25 · Other liabilities

  beginning of year $1,623,815 · end of year $2,135,878

• 27 · Net assets without donor restrictions

  beginning of year $1,128,294 · end of year $1,979,023

• 28 · Net assets with donor restrictions

  beginning of year $50,000 · end of year $245,328

The filer's explanations (Part III)

Part I, Line 3

The parent organization, National Cotton Council, controls the procedures for determining compensation. First a review is done by the budget committee of the parent organization's board to determine the amount available for compensation increases. The specific amount is then communicated to the executive diretor of Cotton Council International to allocate among all staff including himself. This was last conducted in 2018.