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Nonprofiteer
← COTTONWOOD INC

Form 990 for tax year 2023

Filed by COTTONWOOD INC.

Totals

Total revenue
$17,305,468
Total expenses
$17,338,376
Contributions and grants received
$2,614,361
Grants paid
$0
Program service revenue
$14,058,094
Investment income
$478,584
Other revenue
$154,429
Total assets, end of year
$13,982,684
Total liabilities, end of year
$1,275,516
Net assets or fund balances, end of year
$12,707,168
Program services expenses (Part IX)
$14,807,313
Management and general expenses
$2,340,085
Fundraising expenses
$190,978
Program service expenses (Part III)
$14,807,313

Program services were 85.4% 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.

  • 1d · Related organizations

    $541,968

  • 1e · Government grants (contributions)

    $2,062,393

  • 1f · All other contributions, gifts and grants

    $10,000

  • 2a · Program service revenue: HOME/COMMUNITY SERVICES

    total $7,665,402 · related or exempt $7,665,402

  • 2b · Program service revenue: WORK ACTIVITIES - CLIENT PRODUCTI

    total $5,422,991 · related or exempt $5,422,991

  • 2c · Program service revenue: OTHER MEDICAID SERVICES

    total $535,460 · related or exempt $535,460

  • 2d · Program service revenue: RENTAL INCOME AND ASSISTANCE

    total $350,841 · related or exempt $350,841

  • 2e · Program service revenue: PRIVATE PAY

    total $83,400 · related or exempt $83,400

  • 3 · Investment income

    total $165,852 · excluded $165,852

  • 6a · Gross rents

    real property $15,900

  • 6b · Less rental expenses

    real property $28,074

  • 6c · Rental income or loss

    real property -$12,174

  • 6d · Net rental income or loss

    total -$12,174 · unrelated business -$12,174

  • 7a · Gross sales of assets other than inventory

    securities $770,471 · other assets $3,100

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

    securities $460,099 · other assets $740

  • 7c · Gain or loss

    securities $310,372 · other assets $2,360

  • 7d · Net gain or loss

    total $312,732 · excluded $312,732

  • 11a · Other revenue: REIMBURSEMENTS - CW FOUNDATION

    total $81,530 · related or exempt $81,530

  • 11b · Other revenue: REIMBURSED PAYROLL - CW TRAIL

    total $11,210 · related or exempt $11,210

  • 11c · Other revenue: REIMBURSED PAYROLL - CW HOUSING

    total $11,210 · related or exempt $11,210

  • 11d · All other revenue

    total $62,653 · related or exempt $62,653

  • 11e · Other revenue, total

    $166,603

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $351,359 · program services $296,811 · management and general $48,999 · fundraising $5,549

  • 7 · Other salaries and wages

    total $9,029,737 · program services $7,660,170 · management and general $1,228,914 · fundraising $140,653

  • 8 · Pension plan contributions

    total $689,707 · program services $569,730 · management and general $108,309 · fundraising $11,668

  • 9 · Other employee benefits

    total $989,038 · program services $820,756 · management and general $161,327 · fundraising $6,955

  • 10 · Payroll taxes

    total $700,329 · program services $578,504 · management and general $109,977 · fundraising $11,848

  • 11b · Fees: legal

    total $3,084 · program services $2,362 · management and general $721 · fundraising $1

  • 11c · Fees: accounting

    total $67,266 · program services $51,519 · management and general $15,731 · fundraising $16

  • 11d · Fees: lobbying

    total $53,382 · program services $40,885 · management and general $12,484 · fundraising $13

  • 11f · Fees: investment management

    total $33,016 · management and general $33,016

  • 11g · Fees: other

    total $949,535 · program services $727,249 · management and general $222,054 · fundraising $232

  • 12 · Advertising and promotion

    total $11,704 · program services $3,408 · management and general $8,220 · fundraising $76

  • 13 · Office expenses

    total $77,636 · program services $51,804 · management and general $25,375 · fundraising $457

  • 16 · Occupancy

    total $635,341 · program services $423,592 · management and general $208,006 · fundraising $3,743

  • 17 · Travel

    total $129,452 · program services $129,378 · management and general $74

  • 19 · Conferences, conventions and meetings

    total $39,264 · program services $22,284 · management and general $16,541 · fundraising $439

  • 22 · Depreciation, depletion and amortization

    total $358,273 · program services $358,273

  • 23 · Insurance

    total $225,438 · program services $186,920 · management and general $36,900 · fundraising $1,618

  • 24a · Other expenses: PRODUCTION SUPPLY COSTS

    total $2,537,607 · program services $2,537,607

  • 24b · Other expenses: FOOD & OTHER SUPPLIES

    total $281,632 · program services $235,776 · management and general $45,415 · fundraising $441

  • 24c · Other expenses: RENTAL COSTS

    total $90,282 · program services $77,819 · management and general $12,463

  • 24d · Other expenses: DUES

    total $37,692 · program services $10,981 · management and general $25,661 · fundraising $1,050

  • 24e · All other expenses

    total $47,602 · program services $21,485 · management and general $19,898 · fundraising $6,219

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $884,673 · end of year $2,324,294

  • 2 · Savings and temporary cash investments

    beginning of year $1,552,070 · end of year $1,556,084

  • 4 · Accounts receivable

    beginning of year $1,561,543 · end of year $1,136,875

  • 8 · Inventories for sale or use

    beginning of year $2,146,925 · end of year $879,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,369 · end of year $56,530

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

    $10,149,985

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

    $6,281,414

  • 10c · Land, buildings and equipment, net

    beginning of year $3,658,831 · end of year $3,868,571

  • 11 · Investments: publicly traded securities

    beginning of year $3,638,941 · end of year $4,160,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $709,694 · end of year $919,718

  • 19 · Deferred revenue

    beginning of year $36,338

  • 23 · Secured mortgages and notes payable

    end of year $355,798

  • 27 · Net assets without donor restrictions

    beginning of year $12,752,320 · end of year $12,707,168

Mission and programs · 2023

Mission

TO HELP PEOPLE WITH DISABILITIES SHAPE THEIR OWN FUTURE

Activities or mission (Part I)

TO PROVIDE OPPORTUNITIES FOR ADULTS WITH DISABILITIES

  • VOCATIONAL AND RESIDENTIAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES

    Expenses $14,807,313 · Revenue $14,224,697

As filed on the 2023 return.

Listed in Part VII

  • Beth Easter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kirsten Flory

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Shirley Martin-Smith

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jill Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Barbara Ballard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Heck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kerry Glasgow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jeff Sigler

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Perry Buck

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Tom Mulinazzi

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mary Carson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Doug Anderson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Day

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gary Rexroad

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Paul Werner

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Zak Bolick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dana Baker

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Heiman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Lowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jessica Wood

    CFO

    Total calculated
    $173,521
    From this org
    $132,883
    From related orgs
    $0
    Other
    $40,638
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $132,402
    Bonus
    $296
    Other
    $185
    Deferred
    $11,510
    Nontaxable benefits
    $29,128
    Filer's total
    $173,521

  • Colleen Himmelberg

    CEO

    Total calculated
    $177,838
    From this org
    $162,098
    From related orgs
    $0
    Other
    $15,740
    Hours/week
    40 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $160,660
    Bonus
    $449
    Other
    $989
    Deferred
    $13,624
    Nontaxable benefits
    $2,116
    Filer's total
    $177,838

  • Duane Turnbull

    DIRECTOR OF WORK SERVICES

    Total calculated
    $133,179
    From this org
    $109,105
    From related orgs
    $0
    Other
    $24,074
    Hours/week
    40

  • Kara Walters

    ADMINISTRATOR OF SERVICES

    Total calculated
    $148,885
    From this org
    $126,354
    From related orgs
    $0
    Other
    $22,531
    Hours/week
    40

  • Heather Poort

    RESIDENTIAL DIRECTOR

    Total calculated
    $151,326
    From this org
    $126,396
    From related orgs
    $0
    Other
    $24,930
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $96,435
    Bonus
    $29,706
    Other
    $255
    Deferred
    $10,540
    Nontaxable benefits
    $14,390
    Filer's total
    $151,326

  • Jarrod Brown

    RESIDENTIAL ON-CALL MANAGER

    Total calculated
    $122,374
    From this org
    $105,128
    From related orgs
    $0
    Other
    $17,246
    Hours/week
    45

  • Nina Van Schmus

    GOVERNMENT CONTRACTS MANAGER

    Total calculated
    $128,810
    From this org
    $109,938
    From related orgs
    $0
    Other
    $18,872
    Hours/week
    45

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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
14 August 2024
IRS schema version
2023v5.1
Source object
202412299349300846

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