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Nonprofiteer
← COTTONWOOD CREEK CHURCH PROPERTIES INC

Form 990 for tax year 2023

Filed by COTTONWOOD CREEK CHURCH PROPERTIES INC.

Totals

Total revenue
$996,843
Total expenses
$1,557,968
Contributions and grants received
$965,000
Grants paid
$0
Program service revenue
$31,843
Investment income
$0
Other revenue
$0
Total assets, end of year
$28,040,836
Total liabilities, end of year
$9,654,236
Net assets or fund balances, end of year
$18,386,600
Program services expenses (Part IX)
$1,136,797
Management and general expenses
$421,171
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 73.0% 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

    $965,000

  • 2a · Program service revenue: OTHER INCOME

    total $31,843 · related or exempt $31,843

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $38,739 · management and general $38,739

  • 11c · Fees: accounting

    total $7,805 · management and general $7,805

  • 13 · Office expenses

    total $167 · management and general $167

  • 22 · Depreciation, depletion and amortization

    total $1,136,797 · program services $1,136,797

  • 24a · Other expenses: INTEREST

    total $374,085 · management and general $374,085

  • 24b · Other expenses: BANK CHARGES

    total $375 · management and general $375

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,308 · end of year $218,899

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

    $36,983,971

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

    $10,880,551

  • 10c · Land, buildings and equipment, net

    beginning of year $24,816,280 · end of year $26,103,420

  • 15 · Other assets

    beginning of year $896,047 · end of year $1,718,517

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,499 · end of year $8,530

  • 25 · Other liabilities

    beginning of year $8,935,409 · end of year $9,645,706

  • 27 · Net assets without donor restrictions

    beginning of year $16,824,727 · end of year $18,386,600

Mission and programs · 2023

Mission

COTTONWOOD CREEK CHURCH PROPERTIES IS A 501C(2) TITLE HOLDING COMPANY ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO COTTONWOOD CREEK BAPTIST CHURCH, A NONPROFIT ENTITY.

  • COTTONWOOD CREEK CHURCH PROPERTIES IS A 501C(2) TITLE HOLDING COMPANY ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO COTTONWOOD CREEK BAPTIST CHURCH, A NONPROFIT ENTITY.

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

Listed in Part VII

  • Scott Sanford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Howard Trammell

    1ST VICE PRE

    Total calculated
    $0
    Hours/week
    1

  • Phil Wheat

    2ND VICE PRE

    Total calculated
    $0
    Hours/week
    1

  • Ryan Richardson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mike Hartley

    TREASURER

    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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202413189349308031

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