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Nonprofiteer
← NATIONAL COTTON COUNCIL OF AMERICA

Form 990 for tax year 2022

Filed by NATIONAL COTTON COUNCIL OF AMERICA.

Totals

Total revenue
$15,366,296
Total expenses
$14,564,338
Contributions and grants received
$10,343,338
Grants paid
$507,500
Program service revenue
$613,540
Investment income
$528,165
Other revenue
$3,881,253
Total assets, end of year
$24,115,735
Total liabilities, end of year
$2,494,847
Net assets or fund balances, end of year
$21,620,888
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1b · Membership dues

    $10,343,338

  • 2a · Program service revenue: ADVERTISING SPONSORSHIPS

    total $400,330 · unrelated business $400,330

  • 2b · Program service revenue: BELTWIDE COTTON CONFERENCES

    total $213,210 · related or exempt $116,710 · unrelated business $96,500

  • 3 · Investment income

    total $520,451 · excluded $520,451

  • 6a · Gross rents

    real property $216,600

  • 6b · Less rental expenses

    real property $219,450

  • 6c · Rental income or loss

    real property -$2,850

  • 6d · Net rental income or loss

    total -$2,850 · related or exempt -$2,850

  • 7a · Gross sales of assets other than inventory

    securities $24,767

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

    securities $17,053

  • 7c · Gain or loss

    securities $7,714

  • 7d · Net gain or loss

    total $7,714 · related or exempt $7,714

  • 11a · Other revenue: CCI MANAGEMENT SERVICE FEES

    total $2,792,032 · related or exempt $2,792,032

  • 11b · Other revenue: COTTON INDUSTRY SUPPORT

    total $956,307 · related or exempt $956,307

  • 11c · Other revenue: COTTON FOUNDATION MANAGEMENT SERV

    total $114,436 · related or exempt $114,436

  • 11d · All other revenue

    total $21,328 · related or exempt $21,328

  • 11e · Other revenue, total

    $3,884,103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $507,500

  • 5 · Compensation of officers, directors and key employees

    total $1,982,733

  • 7 · Other salaries and wages

    total $4,909,014

  • 8 · Pension plan contributions

    total $510,528

  • 9 · Other employee benefits

    total $770,656

  • 10 · Payroll taxes

    total $510,884

  • 11b · Fees: legal

    total $571,690

  • 11c · Fees: accounting

    total $28,555

  • 11f · Fees: investment management

    total $28,400

  • 11g · Fees: other

    total $127,308

  • 12 · Advertising and promotion

    total $609,720

  • 13 · Office expenses

    total $181,724

  • 14 · Information technology

    total $1,132,807

  • 16 · Occupancy

    total $238,027

  • 17 · Travel

    total $486,562

  • 19 · Conferences, conventions and meetings

    total $837,326

  • 22 · Depreciation, depletion and amortization

    total $238,325

  • 23 · Insurance

    total $115,218

  • 24a · Other expenses: BELTWIDE COTTON CONFERE

    total $203,706

  • 24b · Other expenses: PROXY TAX

    total $194,450

  • 24c · Other expenses: INFO, EDUCATION, RESEAR

    total $143,123

  • 24d · Other expenses: PERIODICALS, MEMBERSHIP

    total $136,782

  • 24e · All other expenses

    total $99,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $601,757 · end of year $950,273

  • 2 · Savings and temporary cash investments

    beginning of year $284,172 · end of year $287,555

  • 4 · Accounts receivable

    beginning of year $365,467 · end of year $503,564

  • 8 · Inventories for sale or use

    beginning of year $2,466 · end of year $1,984

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,574 · end of year $30,670

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

    $5,151,545

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

    $2,059,072

  • 10c · Land, buildings and equipment, net

    beginning of year $2,966,794 · end of year $3,092,473

  • 11 · Investments: publicly traded securities

    beginning of year $21,035,033 · end of year $17,513,138

  • 15 · Other assets

    beginning of year $1,966,174 · end of year $1,736,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $716,525 · end of year $942,990

  • 19 · Deferred revenue

    beginning of year $19,924 · end of year $90,099

  • 25 · Other liabilities

    beginning of year $1,646,807 · end of year $1,461,758

  • 27 · Net assets without donor restrictions

    beginning of year $24,861,181 · end of year $21,620,888

Mission and programs · 2022

Mission

TO ENSURE THE ABILITY OF ALL SEGMENTS OF THE US COTTON INDUSTRY TO COMPETE EFFECTIVELY AND PROFITABLY IN THE RAW COTTON, OILSEED AND VALUE ADDED PRODUCT MARKETS AT HOME AND ABROAD.

  • COMMUNICATIONS SERVICES - EXPLAINS THE MAJOR ROLE COTTON PLAYED IN THE ECONOMY OF THE US IN TERMS OF EMPLOYMENT, WORLD TRADE, ENERGY CONSERVATION, PRODUCTIVITY AND FOOD VALUE OF COTTONSEED. PARTICIPATES WITH OTHER GROUPS TO HELP IMPROVE THE IMAGE OF COTTON AS A WHOLE.

  • TECHNICAL SERVICES - COORDINATES GOVERNMENT AND PRIVATE RESEARCH, PROVIDES INFORMATION TO REGULATORY AGENCIES ON HEALTH AND SAFETY MATTER, DEVELOPS PACKAGING STANDARDS AND COORDINATES PEST SUPPRESSION/ERADICATION EFFORTS.

  • FOREIGN OPERATIONS - IN COOPERATION WITH THE US DEPT. OF AGRICULTURE, WORKS TO INCREASE EXPORTS BY HELPING TO ARRANGE GOVERNMENT CREDIT FOR FOREIGN CUSTOMERS, SPONSORS VISITS BY TRADE TEAMS AND BRINGS FOREIGN MILL CUSTOMERS TO THE US.

As filed on the 2022 return.

Listed in Part VII

  • DAVID M DUNLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK L JOHNSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOYLE K SCHNIERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAROLD JOE MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATHAN B REED

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN W STERLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J BRADLEY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY BLACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WALTER EUGENE SEALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE G LACOUR JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAY DOROFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • W COALTER PAXTON III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT SWIZE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE TILLMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC D WANJURA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY THOMAS HAYDEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN C KING III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH T NICOSIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTA RICKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERNST D SCHROEDER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN C FRICKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOE D GRIBBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AMY WEST HOPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT L LACY JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRED SERVEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WAYNE BOSEMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAUL E BUSH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH T LUCAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HENRY N REICHLE JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFERY A THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM E BOWEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC DOYON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL QUINN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDERSON D WARLICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TED SCHNEIDER

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • MARK C MCKEAN

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN L HOLLADAY

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BRINKLEY

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JAY T COWART

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DONALD KIRK GILKEY

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JORDAN LEA

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROBIN PERKINS

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SAMMY WRIGHT

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN R GIBSON

    VICE-PRESIDENT

    Total calculated
    $182,083
    From this org
    $167,439
    From related orgs
    $0
    Other
    $14,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,345
    Bonus
    $18,800
    Other
    $2,294
    Deferred
    $13,809
    Nontaxable benefits
    $835
    Filer's total
    $182,083

  • DON PARKER

    VICE-PRESIDENT

    Total calculated
    $183,761
    From this org
    $171,642
    From related orgs
    $0
    Other
    $12,119
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,738
    Bonus
    $10,000
    Other
    $1,904
    Deferred
    $11,225
    Nontaxable benefits
    $894
    Filer's total
    $183,761

  • TAS SMITH

    VICE-PRESIDENT

    Total calculated
    $201,221
    From this org
    $184,785
    From related orgs
    $0
    Other
    $16,436
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,786
    Bonus
    $7,500
    Other
    $499
    Deferred
    $15,431
    Nontaxable benefits
    $1,005
    Filer's total
    $201,221

  • GARY M ADAMS

    PRESIDENT

    Total calculated
    $472,731
    From this org
    $434,654
    From related orgs
    $0
    Other
    $38,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $408,496
    Bonus
    $22,500
    Other
    $3,658
    Deferred
    $36,643
    Nontaxable benefits
    $1,434
    Filer's total
    $472,731

  • THOMAS R LANGLEY IV

    VICE-PRESIDENT

    Total calculated
    $287,375
    From this org
    $268,180
    From related orgs
    $0
    Other
    $19,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,957
    Bonus
    $17,500
    Other
    $723
    Deferred
    $18,490
    Nontaxable benefits
    $705
    Filer's total
    $287,375

  • JODY L CAMPICHE

    VICE-PRESIDENT

    Total calculated
    $226,476
    From this org
    $207,962
    From related orgs
    $0
    Other
    $18,514
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,790
    Bonus
    $7,500
    Other
    $672
    Deferred
    $17,380
    Nontaxable benefits
    $1,134
    Filer's total
    $226,476

  • W HARRISON ASHLEY

    VICE-PRESIDENT

    Total calculated
    $219,780
    From this org
    $201,067
    From related orgs
    $0
    Other
    $18,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,065
    Bonus
    $7,500
    Other
    $2,502
    Deferred
    $17,942
    Nontaxable benefits
    $771
    Filer's total
    $219,780

  • DREW DAVIS

    ASSISTANT TREASURER

    Total calculated
    $154,232
    From this org
    $141,559
    From related orgs
    $0
    Other
    $12,673
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,333
    Bonus
    $15,000
    Other
    $226
    Deferred
    $11,952
    Nontaxable benefits
    $721
    Filer's total
    $154,232

  • MARJORY WALKER

    VICE-PRESIDENT

    Total calculated
    $223,690
    From this org
    $205,445
    From related orgs
    $0
    Other
    $18,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,992
    Bonus
    $20,000
    Other
    $2,453
    Deferred
    $17,197
    Nontaxable benefits
    $1,048
    Filer's total
    $223,690

  • ROBBIE MINNICH

    SENIOR GOVERNMENT RELATION

    Total calculated
    $228,768
    From this org
    $204,417
    From related orgs
    $0
    Other
    $24,351
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,892
    Bonus
    $10,000
    Other
    $525
    Deferred
    $23,034
    Nontaxable benefits
    $1,317
    Filer's total
    $228,768

  • STEVEN L HENSLEY

    SENIOR SCIENTIST

    Total calculated
    $165,663
    From this org
    $152,183
    From related orgs
    $0
    Other
    $13,480
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,712
    Bonus
    $3,000
    Other
    $1,471
    Deferred
    $12,639
    Nontaxable benefits
    $841
    Filer's total
    $165,663

  • RICK KING

    MEMBER SERVICE REP

    Total calculated
    $128,194
    From this org
    $120,469
    From related orgs
    $0
    Other
    $7,725
    Hours/week
    40

  • BARRY AKIN

    NETWORK ADMINISTRATOR

    Total calculated
    $132,790
    From this org
    $124,384
    From related orgs
    $0
    Other
    $8,406
    Hours/week
    40

  • JIM THORNTON

    DATABASE ADMINISTRATOR

    Total calculated
    $149,773
    From this org
    $140,525
    From related orgs
    $0
    Other
    $9,248
    Hours/week
    40

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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

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.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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 $2,621,916 · assets $1,450,357

    Directly controlled by NATIONAL COTTON COUNCIL OF AMERICA

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349323039

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