Civic Intelligence

North Carolina Cotton Producers Association Inc

990 • Fiscal year 2018 • EIN 56-0661805

Sep 01, 2017 to Aug 31, 2018 • Filed on Jun 26, 2019

Organization ProfileWWW.NCCOTTON.ORG
PO Box 656Nashville, NC 27856

(252) 459-3130

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

39th percentile

0.01x

Higher debt load relative to revenue than 39% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Net Margin

17th percentile

-4.6%

Higher net margin than 17% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$64,355

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Source year 2018

Asset Growth

22nd percentile

-3.7%

Faster asset growth than 22% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

78%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)5 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$820,639

Down $31,702 (-3.7%) from 2017

Net Assets

Down

$815,997

Down $34,839 (-4.1%) from 2017

Liabilities

Up

$4,642

Up $3,137 (+208%) from 2017

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin17th percentile

Revenue

Up

$763,482

Up $335,200 (+78%) from 2017

Expenses

Up

$798,321

Up $250,286 (+46%) from 2017

Net Income

Up

-$34,839

Up $84,914 (+71%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,653,800Liabilities 2011: $518,572Net Assets 2011: $1,135,2282011Assets 2012: $1,850,873Liabilities 2012: $685,219Net Assets 2012: $1,165,6542012Assets 2013: $1,867,938Liabilities 2013: $686,212Net Assets 2013: $1,181,7262013Assets 2014: $1,228,228Liabilities 2014: $31,904Net Assets 2014: $1,196,3242014Assets 2015: $1,173,696Liabilities 2015: $6,082Net Assets 2015: $1,167,6142015Assets 2016: $974,675Liabilities 2016: $4,086Net Assets 2016: $970,5892016Assets 2017: $852,341Liabilities 2017: $1,505Net Assets 2017: $850,8362017Assets 2018: $820,639Liabilities 2018: $4,642Net Assets 2018: $815,9972018Assets 2019: $674,812Liabilities 2019: $4,782Net Assets 2019: $670,0302019Assets 2020: $839,443Liabilities 2020: $349Net Assets 2020: $839,0942020Assets 2021: $939,656Liabilities 2021: $5,479Net Assets 2021: $934,1772021Assets 2022: $1,103,969Liabilities 2022: $7,509Net Assets 2022: $1,096,4602022Assets 2023: $1,162,321Liabilities 2023: $7,774Net Assets 2023: $1,154,5472023Assets 2024: $1,144,947Liabilities 2024: $3,747Net Assets 2024: $1,141,2002024

Highlighted filing

2018

Assets$820,639
Liabilities$4,642
Net Assets$815,997
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $792,239Expenses 2011: $870,383Net Income 2011: -$78,1442011Revenue 2012: $5,812Expenses 2012: $21,884Net Income 2012: -$16,0722012Revenue 2013: $1,110,256Expenses 2013: $1,026,933Net Income 2013: $83,3232013Revenue 2014: $751,970Expenses 2014: $721,300Net Income 2014: $30,6702014Revenue 2015: $976,667Expenses 2015: $1,005,377Net Income 2015: -$28,7102015Revenue 2016: $495,121Expenses 2016: $692,146Net Income 2016: -$197,0252016Revenue 2017: $428,282Expenses 2017: $548,035Net Income 2017: -$119,7532017Revenue 2018: $763,482Expenses 2018: $798,321Net Income 2018: -$34,8392018Revenue 2019: $643,684Expenses 2019: $789,651Net Income 2019: -$145,9672019Revenue 2020: $2,473,229Expenses 2020: $2,304,165Net Income 2020: $169,0642020Revenue 2021: $632,967Expenses 2021: $537,884Net Income 2021: $95,0832021Revenue 2022: $917,943Expenses 2022: $755,660Net Income 2022: $162,2832022Revenue 2023: $1,057,862Expenses 2023: $999,775Net Income 2023: $58,0872023Revenue 2024: $821,629Expenses 2024: $834,976Net Income 2024: -$13,3472024

Highlighted filing

2018

Revenue$763,482
Expenses$798,321
Net Income-$34,839
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Jun 26, 2019
Return Version
2017v2.3
Gross Receipts
$1,898,308
Mission and Program Overview

Mission

To promote, educate and perform research concerning the growth of cotton and the use of cotton products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$568,967$492,493▼ $76,474
Savings and Temporary Cash Investments$192,908$241,812▲ $48,904
Cash and Non-Interest-Bearing Accounts$58,221$56,447▼ $1,774
Land, Buildings, and Equipment, Net$32,245$29,887▼ $2,358
Total Assets$852,341$820,639▼ $31,702
Liabilities
Other Liabilities$1,505$4,642▲ $3,137
Total Liabilities$1,505$4,642▲ $3,137
Net Assets / Fund Balance
Unrestricted Net Assets$829,875$789,870▼ $40,005
Temporarily Rstr Net Assets$20,961$26,127▲ $5,166
Total Net Assets Fund Balance$850,836$815,997▼ $34,839
Total Liabilities and Net Assets / Fund Balance$852,341$820,639▼ $31,702

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,887$34,570$64,457
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleBaseOtherTotal
David ParrishCEO$49,000$15,355$64,355

Board Members and Trustees

NameTitle
Robert B Fleming JrPresident
David GrantExecutive Co
Taylor SladeExecutive Co
Andrew BurlesonPast Preside
Kent SmithSecretary
Joe MartinTreasurer
Brad WarrenVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$664,533
Investment Income
$98,949
Other Revenue
$0
Change in Net Assets
$-34,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$730,161
Salaries, Compensation, and Employee Benefits$68,160
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$49,000
All Other Expenses---$28,445
Conferences and Meetings---$26,558
Occupancy---$17,916
Fees for Services Accounting---$14,063
Other Expenses---$13,929
Travel---$12,275
Pension Plan Contributions---$10,920
Fees for Service Investment Mgmnt Fees---$8,439
Other Employee Benefits---$4,435
Fees for Services Lobbying---$4,062
Payroll Taxes---$3,805
Depreciation Depletion---$2,358
Insurance---$2,168
Office Expenses---$1,624
Total Functional Expenses$0$0$0$798,321
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$4,062
Political Expenditures$4,062
Total Nondeductible Lobbying and Political Cost$4,062
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards Payable$4,600
Payroll Taxes Payable$42
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
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

“The ceo, as well as all the other members of the governing body are provided copies of the form 990 for analysis before filing.”

Form 990, Page 6, Part VI, Line 15A

“The ceo compensation was approved upon hiring and is reviewed as necessary.”

Form 990, Page 6, Part VI, Line 19

“Form 990 is made available to the public upon request only”

Filing and Contact Details

Filer

Filer Name
North Carolina Cotton Producers
EIN
56-0661805
Phone
2524593130
Address
PO BOX 656, NASHVILLE, NC 27856

Signing Officer

Name
David Parrish
Title
CEO
Phone
2524593130
Signed
2019-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Parrish
Voting Board Members
25
Independent Board Members
25
Employees
1
Volunteers
25

Preparer

Firm
James a Lucas and Company Llp
Address
4909 WESTERN BLVD STE 200, RALEIGH, NC 27606-1749
Preparer
Christy L Derrenbacher
Phone
9198514696
Supplemental Narrative

Additional Explanations

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

“Special promotions to do research and offer educational programs on growth and the use of cotton products. Newsletters are prepared to educate about cotton and cotton products and its uses. Field day provides a promotional opportunity for cotton farmers.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Management has evaluated the effect of the guidance provided by u.s. Generally accepted accounting principles on accounting for uncertainty in income taxes. The organization's policy is to record a liability for any tax position taken that is beneficial to the organization, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes that the organizaiton continues to satisfy the requirement of a tax-exempt organization at august 31, 2018. Management has evaluated all other tax positions that could have a significant effect on the financial statements and determined the organization had no uncertain income tax positions at august 31, 2018 and, accordingly, no liability has been accrued. The organization's federal exempt organization business income tax returns (form 990) for august 31, 2015, 2016 and 2017 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML Appendix337 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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IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE ORGANIZATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE ORGANIZATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT BELIEVES THAT THE ORGANIZAITON CONTINUES TO SATISFY THE REQUIREMENT OF A TAX-EXEMPT ORGANIZATION AT AUGUST 31, 2018. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT AUGUST 31, 2018 AND, ACCORDINGLY, NO LIABILITY HAS BEEN ACCRUED. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS (FORM 990) FOR AUGUST 31, 2015, 2016 AND 2017 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt029887
IRS990ScheduleD/TotalLiabilityAmt04642
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPECIAL PROMOTIONS TO DO RESEARCH AND OFFER EDUCATIONAL PROGRAMS ON GROWTH AND THE USE OF COTTON PRODUCTS. NEWSLETTERS ARE PREPARED TO EDUCATE ABOUT COTTON AND COTTON PRODUCTS AND ITS USES. FIELD DAY PROVIDES A PROMOTIONAL OPPORTUNITY FOR COTTON FARMERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CEO, AS WELL AS ALL THE OTHER MEMBERS OF THE GOVERNING BODY ARE PROVIDED COPIES OF THE FORM 990 FOR ANALYSIS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CEO COMPENSATION WAS APPROVED UPON HIRING AND IS REVIEWED AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS MADE AVAILABLE TO THE PUBLIC UPON REQUEST ONLY
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt020961
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt026127
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0852341
IRS990/TotalAssetsEOYAmt0820639
IRS990/TotalAssetsGrp/BOYAmt0852341
IRS990/TotalAssetsGrp/EOYAmt0820639
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0798321
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01505
IRS990/TotalLiabilitiesEOYAmt04642
IRS990/TotalLiabilitiesGrp/BOYAmt01505
IRS990/TotalLiabilitiesGrp/EOYAmt04642
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0850836
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0815997
IRS990/TotalOtherCompensationAmt015355
IRS990/TotalProgramServiceRevenueAmt0664533
IRS990/TotalReportableCompFromOrgAmt049000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0763482
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0763482
IRS990/TotalVolunteersCnt025
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0852341
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0820639
IRS990/TravelGrp/TotalAmt012275
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0829875
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0789870
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 656
IRS990/USAddress/CityNm0NASHVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027856
IRS990/VotingMembersGoverningBodyCnt025
IRS990/VotingMembersIndependentCnt025
IRS990/WebsiteAddressTxt0WWW.NCCOTTON.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID PARRISH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02524593130
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-06-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTH CAROLINA COTTON PRODUCERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0NORT
ReturnHeader/Filer/EIN0560661805
ReturnHeader/Filer/PhoneNum02524593130
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 656
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027856
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D8F0F9A40657B1808BE3669636151575B8C0CCA5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D8F0F9A40657B1808BE3669636151575B8C0CCA5
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.26.10.130
ReturnHeader/FilingSecurityInformation/IPDt02019-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:55:46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561137607
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES A LUCAS AND COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04909 WESTERN BLVD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276061749
ReturnHeader/PreparerPersonGrp/PhoneNum09198514696
ReturnHeader/PreparerPersonGrp/PreparationDt02019-06-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTY L DERRENBACHER
ReturnHeader/ReturnTs02019-06-28T13:55:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01
ReturnHeader/TaxPeriodEndDt02018-08-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$820,639
Liabilities
$4,642
Net assets
$815,997
Revenue
$763,482
Expenses
$798,321
Net income
-$34,839
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.14$0.00$1.14$0.82$0.83$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$1.06$1.00$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.10$0.92$0.76$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.94$0.01$0.93$0.63$0.54$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$2.47$2.30$0.17
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.64$0.79$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.76$0.80$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.43$0.55$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.50$0.69$0.20
2015Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.17$0.98$1.01$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$0.75$0.72$0.03
2013Summary only. Only limited summary data is available for this year.$1.87$0.69$1.18$1.11$1.03$0.08
2012Summary only. Only limited summary data is available for this year.$1.85$0.69$1.17$0.01$0.02$0.02
2011Summary only. Only limited summary data is available for this year.$1.65$0.52$1.14$0.79$0.87$0.08
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)5 • $1M-$5M nonprofits