Civic Intelligence

Cotton Electric Charitable Foundation

990 • Fiscal year 2015 • EIN 20-0746327

Jul 01, 2014 to Jun 30, 2015 • Filed on Oct 07, 2015

Organization ProfileWWW.COTTONELECTRIC.COM
226 N BroadwayWalters, OK 73572

(580) 875-3351

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

68th percentile

0.03x

Higher debt load relative to assets than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

99th percentile

$276,426

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 298.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

8th percentile

-52%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

57th percentile

5.3%

Faster revenue growth than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets68th percentile

Assets

Down

$28,903

Down $31,861 (-52%) from 2014

Net Assets

Down

$28,073

Down $14,423 (-34%) from 2014

Liabilities

Down

$830

Down $17,438 (-95%) from 2014

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin18th percentile

Revenue

Up

$92,750

Up $4,668 (+5.3%) from 2014

Expenses

Up

$107,173

Up $21,608 (+25%) from 2014

Net Income

Down

-$14,423

Down $16,940 (-673%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2010: $34,922Liabilities 2010: $0Net Assets 2010: $34,9222010Assets 2011: $38,140Liabilities 2011: $3,120Net Assets 2011: $35,0202011Assets 2012: $18,612Liabilities 2012: $475Net Assets 2012: $18,1372012Assets 2013: $47,607Liabilities 2013: $7,628Net Assets 2013: $39,9792013Assets 2014: $60,764Liabilities 2014: $18,268Net Assets 2014: $42,4962014Assets 2015: $28,903Liabilities 2015: $830Net Assets 2015: $28,0732015Assets 2016: $49,229Liabilities 2016: $14,081Net Assets 2016: $35,1482016Assets 2017: $45,163Liabilities 2017: $0Net Assets 2017: $45,1632017Assets 2018: $62,435Liabilities 2018: $12,268Net Assets 2018: $50,1672018Assets 2019: $63,894Liabilities 2019: $12,344Net Assets 2019: $51,5502019Assets 2020: $49,080Liabilities 2020: $0Net Assets 2020: $49,0802020Assets 2021: $45,065Liabilities 2021: $0Net Assets 2021: $45,0652021Assets 2022: $58,337Liabilities 2022: $0Net Assets 2022: $58,3372022Assets 2023: $59,456Liabilities 2023: $0Net Assets 2023: $59,4562023Assets 2024: $68,203Liabilities 2024: $1,200Net Assets 2024: $67,0032024Assets 2025: $84,121Liabilities 2025: $5,330Net Assets 2025: $78,7912025

Highlighted filing

2015

Assets$28,903
Liabilities$830
Net Assets$28,073
Open 2015 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $95,8152010Expenses 2011: $78,0032011Expenses 2012: $93,0202012Expenses 2013: $77,3872013Revenue 2014: $88,082Expenses 2014: $85,565Net Income 2014: $2,5172014Revenue 2015: $92,750Expenses 2015: $107,173Net Income 2015: -$14,4232015Revenue 2016: $91,010Expenses 2016: $83,935Net Income 2016: $7,0752016Revenue 2017: $95,390Expenses 2017: $85,375Net Income 2017: $10,0152017Revenue 2018: $93,412Expenses 2018: $88,410Net Income 2018: $5,0022018Revenue 2019: $95,650Expenses 2019: $94,267Net Income 2019: $1,3832019Revenue 2020: $75,653Expenses 2020: $78,123Net Income 2020: -$2,4702020Revenue 2021: $87,157Expenses 2021: $91,172Net Income 2021: -$4,0152021Revenue 2022: $90,880Expenses 2022: $77,608Net Income 2022: $13,2722022Revenue 2023: $88,491Expenses 2023: $87,409Net Income 2023: $1,0822023Revenue 2024: $85,742Expenses 2024: $78,195Net Income 2024: $7,5472024Revenue 2025: $90,187Expenses 2025: $78,399Net Income 2025: $11,7882025

Highlighted filing

2015

Revenue$92,750
Expenses$107,173
Net Income-$14,423
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Oct 7, 2015
Return Version
2014v5.0
Gross Receipts
$108,903
Mission and Program Overview

Mission

CHARITABLE DONATIONS

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,992$21,456▼ $30,536
Accounts Receivable$8,772$7,447▼ $1,325
Total Assets$60,764$28,903▼ $31,861
Liabilities
Accounts Payable and Accrued Expenses$18,268$830▼ $17,438
Total Liabilities$18,268$830▼ $17,438
Net Assets / Fund Balance
Unrestricted Net Assets$42,496$28,073▼ $14,423
Total Net Assets Fund Balance$42,496$28,073▼ $14,423
Total Liabilities and Net Assets / Fund Balance$60,764$28,903▼ $31,861
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Tim MccaryDirector$15,878$15,878

Board Members and Trustees

NameTitle
Carter WaidPresident
Warren LangfordDirector
Carly DouglassSec/treas
Danny MarlettVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$84,125
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$8,625
All Other Contributions
$84,125
Change in Net Assets
$-14,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$92,750
Total Revenue per Audited Statements
$92,750
Total Revenue per Form 990
$92,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$98,463
Salaries, Compensation, and Employee Benefits$4,728
Other Expenses$3,982
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$98,463--$98,463
Other Salaries and Wages$4,728--$4,728
Fees for Services Accounting$2,650--$2,650
Other Expenses$478--$478
Travel$76--$76
Fees for Services Legal$65--$65
Total Functional Expenses$107,173$0$0$107,173

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$107,173
Total Expenses per Audited Statements$107,173
Total Expenses per Form 990$107,173
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rocking T Cure for KidsTemple, OK501c3Promote Research$7,898
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$24,778
Fundraising Direct Expenses$16,153
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$24,778$24,778$16,153$8,625
Total Events$24,778$24,778$16,153$8,625
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 provided to the board for review and approval prior to filing.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Cotton Electric Charitable
EIN
20-0746327
Phone
5808753351
Address
226 N BROADWAY, WALTERS, OK 73572

Signing Officer

Name
Carter Waid
Title
President
Phone
5808753351
Signed
2015-10-07
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
5
Independent Board Members
3
Employees
0

Preparer

Firm
Briscoe Burke & Grigsby Llp
Address
4120 EAST 51ST STREET SUITE 100, TULSA, OK 74135-3633
Preparer
Sean B Dunahay CPA
Phone
9187498337
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“The organization receives funds from the membership of cotton electric cooperative inc. And various other sources as deemed appropriate by the organization's board of directors. The organization shall dispense these funds to needy persons and families as well as making charitable donations to worthy organizations and causes within the service area of cotton electric cooperative inc.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from income taxes under section 501(c)(3) of the internal revenue code and, accordingly, no provision has been made for income taxes. The foundation files information returns in the united states. The tax years prior to 2012 generally are not subject to examination by the u.s. Federal and most state tax authorities.”

Raw XML Appendix348 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0WHEN CHECKS ARE WRITTEN, A COPY OF THE CHECK IS MADE AND FILED ALONG WITH THE CHECK REQUEST. ANY RECEIPTS ARE ALSO FILED WITH THE COPY OF THE CHECK AND CHECK REQUEST.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0192823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt046498
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt031250
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt05855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WARREN LANGFORD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0276426
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECEIVES FUNDS FROM THE MEMBERSHIP OF COTTON ELECTRIC COOPERATIVE INC. AND VARIOUS OTHER SOURCES AS DEEMED APPROPRIATE BY THE ORGANIZATION'S BOARD OF DIRECTORS. THE ORGANIZATION SHALL DISPENSE THESE FUNDS TO NEEDY PERSONS AND FAMILIES AS WELL AS MAKING CHARITABLE DONATIONS TO WORTHY ORGANIZATIONS AND CAUSES WITHIN THE SERVICE AREA OF COTTON ELECTRIC COOPERATIVE INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt060764
IRS990/TotalAssetsEOYAmt028903
IRS990/TotalAssetsGrp/BOYAmt060764
IRS990/TotalAssetsGrp/EOYAmt028903
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt084125
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0107173
IRS990/TotalFunctionalExpensesGrp/TotalAmt0107173
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018268
IRS990/TotalLiabilitiesEOYAmt0830
IRS990/TotalLiabilitiesGrp/BOYAmt018268
IRS990/TotalLiabilitiesGrp/EOYAmt0830
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt042496
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt028073
IRS990/TotalOtherCompensationAmt077748
IRS990/TotalOtherProgSrvcExpenseAmt04869
IRS990/TotalProgramServiceExpensesAmt0107173
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt092750
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt060764
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt028903
IRS990/TotReportableCompRltdOrgAmt0214556
IRS990/TravelGrp/ProgramServicesAmt076
IRS990/TravelGrp/TotalAmt076
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt042496
IRS990/UnrestrictedNetAssetsGrp/EOYAmt028073
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.COTTONELECTRIC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARTER WAID
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05808753351
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-10-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COTTON ELECTRIC CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0COTT
ReturnHeader/Filer/EIN0200746327
ReturnHeader/Filer/PhoneNum05808753351
ReturnHeader/Filer/USAddress/AddressLine1Txt0226 N BROADWAY
ReturnHeader/Filer/USAddress/CityNm0WALTERS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073572
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731293012
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BRISCOE BURKE & GRIGSBY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04120 EAST 51ST STREET SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TULSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0741353633
ReturnHeader/PreparerPersonGrp/PhoneNum09187498337
ReturnHeader/PreparerPersonGrp/PreparationDt02015-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SEAN B DUNAHAY CPA
ReturnHeader/ReturnTs02015-10-21T11:18:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-07-01
ReturnHeader/TaxPeriodEndDt02015-06-30
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$28,903
Liabilities
$830
Net assets
$28,073
Revenue
$92,750
Expenses
$107,173
Net income
-$14,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.84$0.05$0.79$0.90$0.78$0.12
2024Summary only. Only limited summary data is available for this year.$0.68$0.01$0.67$0.86$0.78$0.08
2023Summary only. Only limited summary data is available for this year.$0.59$0.00$0.59$0.88$0.87$0.01
2022Summary only. Only limited summary data is available for this year.$0.58$0.00$0.58$0.91$0.78$0.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.00$0.45$0.87$0.91$0.04
2020Summary only. Only limited summary data is available for this year.$0.49$0.00$0.49$0.76$0.78$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.64$0.12$0.52$0.96$0.94$0.01
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.12$0.50$0.93$0.88$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.45$0.00$0.45$0.95$0.85$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.49$0.14$0.35$0.91$0.84$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.29$0.01$0.28$0.93$1.07$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.18$0.42$0.88$0.86$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.08$0.40$0.77
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.18$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.03$0.35$0.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.00$0.35$0.96