Civic Intelligence

American Cotton Shippers

EIN 62-0113620 • 501(c)6 • Memphis, TN

Profile

1. Encourage the production of an adequate and diverse supply of cotton at competitive prices to meet the needs of our domestic and foreign mill customers. 2. Educate producer and mill customers on the prudent and appropriate use of the available risk management instruments that will enable them to maximize their profit potential in the market. 3. Contract for the forward purchase and sale of cotton to lock in a market price for each of our customers. 4. Facilitate the prompt harvesting, processing, shipment and delivery acsa members are engaged in a great enterprise, the purchasing, storing, transporting, and merchandising of america's most valuable cash crop and its most abundant natural fiber. Our objectives, our challenges, our vital mission requires us to.

88 Union Ave Ste 1204 Lb38Memphis, TN 38103

www.acsa-cotton.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.04x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.08x

Higher debt load relative to revenue than 21% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

24th percentile

-2.6%

Higher net margin than 24% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$543,769

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 15.1% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

39th percentile

2.3%

Faster asset growth than 39% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

71st percentile

12%

Faster revenue growth than 71% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,690,485

Up $148,181 (+2.3%) from 2023

Liabilities

Up

$272,353

Up $242,959 (+827%) from 2023

Net Assets

Down

$6,418,132

Down $94,778 (-1.5%) from 2023

Revenue

Up

$3,599,769

Up $398,634 (+12%) from 2023

Expenses

Up

$3,694,547

Up $966,779 (+35%) from 2023

Net Income

Down

-$94,778

Down $568,145 (-120%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $7,547,824Liabilities 2010: $148,490Net Assets 2010: $7,399,3342010Assets 2011: $7,120,172Liabilities 2011: $165,027Net Assets 2011: $6,955,1452011Assets 2012: $7,588,614Liabilities 2012: $198,105Net Assets 2012: $7,390,5092012Assets 2013: $8,956,449Liabilities 2013: $247,295Net Assets 2013: $8,709,1542013Assets 2014: $8,979,294Liabilities 2014: $278,600Net Assets 2014: $8,700,6942014Assets 2015: $8,390,901Liabilities 2015: $292,571Net Assets 2015: $8,098,3302015Assets 2016: $8,097,056Liabilities 2016: $322,331Net Assets 2016: $7,774,7252016Assets 2017: $8,559,677Liabilities 2017: $389,266Net Assets 2017: $8,170,4112017Assets 2018: $7,737,380Liabilities 2018: $381,641Net Assets 2018: $7,355,7392018Assets 2019: $8,420,856Liabilities 2019: $826,304Net Assets 2019: $7,594,5522019Assets 2020: $7,790,342Liabilities 2020: $98,867Net Assets 2020: $7,691,4752020Assets 2021: $7,968,384Liabilities 2021: $76,788Net Assets 2021: $7,891,5962021Assets 2022: $6,049,279Liabilities 2022: $9,736Net Assets 2022: $6,039,5432022Assets 2023: $6,542,304Liabilities 2023: $29,394Net Assets 2023: $6,512,9102023Assets 2024: $6,690,485Liabilities 2024: $272,353Net Assets 2024: $6,418,1322024

Highlighted filing

2024

Assets$6,690,485
Liabilities$272,353
Net Assets$6,418,132

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,742,8502010Expenses 2011: $2,187,7342011Expenses 2012: $2,011,0662012Revenue 2013: $2,719,790Expenses 2013: $2,005,376Net Income 2013: $714,4142013Revenue 2014: $2,200,293Expenses 2014: $1,963,330Net Income 2014: $236,9632014Revenue 2015: $2,107,410Expenses 2015: $2,341,709Net Income 2015: -$234,2992015Revenue 2016: $1,714,801Expenses 2016: $2,136,230Net Income 2016: -$421,4292016Revenue 2017: $2,165,514Expenses 2017: $2,202,514Net Income 2017: -$37,0002017Revenue 2018: $2,368,939Expenses 2018: $2,432,754Net Income 2018: -$63,8152018Revenue 2019: $2,476,318Expenses 2019: $3,171,277Net Income 2019: -$694,9592019Revenue 2020: $2,415,615Expenses 2020: $2,338,890Net Income 2020: $76,7252020Revenue 2021: $2,541,367Expenses 2021: $2,341,248Net Income 2021: $200,1192021Revenue 2022: $1,058,722Expenses 2022: $2,910,775Net Income 2022: -$1,852,0532022Revenue 2023: $3,201,135Expenses 2023: $2,727,768Net Income 2023: $473,3672023Revenue 2024: $3,599,769Expenses 2024: $3,694,547Net Income 2024: -$94,7782024

Highlighted filing

2024

Revenue$3,599,769
Expenses$3,694,547
Net Income-$94,778

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.69$0.27$6.42$3.60$3.69$0.09
2023Detailed filing. Detailed filing data is available for this year.$6.54$0.03$6.51$3.20$2.73$0.47
2022Detailed filing. Detailed filing data is available for this year.$6.05$0.01$6.04$1.06$2.91$1.85
2021Detailed filing. Detailed filing data is available for this year.$7.97$0.08$7.89$2.54$2.34$0.20
2020Detailed filing. Detailed filing data is available for this year.$7.79$0.10$7.69$2.42$2.34$0.08
2019Detailed filing. Detailed filing data is available for this year.$8.42$0.83$7.59$2.48$3.17$0.69
2018Detailed filing. Detailed filing data is available for this year.$7.74$0.38$7.36$2.37$2.43$0.06
2017Detailed filing. Detailed filing data is available for this year.$8.56$0.39$8.17$2.17$2.20$0.04
2016Detailed filing. Detailed filing data is available for this year.$8.10$0.32$7.77$1.71$2.14$0.42
2015Detailed filing. Detailed filing data is available for this year.$8.39$0.29$8.10$2.11$2.34$0.23
2014Detailed filing. Detailed filing data is available for this year.$8.98$0.28$8.70$2.20$1.96$0.24
2013Detailed filing. Detailed filing data is available for this year.$8.96$0.25$8.71$2.72$2.01$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.59$0.20$7.39$2.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.12$0.17$6.96$2.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.55$0.15$7.40$1.74
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 14, 2025
Return Version
2024v5.0
Gross Receipts
$5,036,058
Mission and Program Overview

Mission

Acsa members are engaged in a great enterprise, the purchasing, storing, transporting, and merchandising of america's most valuable cash crop and its most abundant natural fiber. Our objectives, our challenges, our vital mission requires us to: 1. Encourage the production of an adequate and diverse supply of cotton at competitive prices to meet the needs of our domestic and foreign mill customers. 2. Educate producer and mill customers on the prudent and appropriate use of the available risk management instruments that will enable them to maximize their profit potential in the market. 3. Contract for the forward purchase and sale of cotton to lock in a market price for each of our customers. 4. Facilitate the prompt harvesting, processing, shipment and delivery of cotton to our mill customers.5. Provide an environment of fair trade.

The american cotton shippers association was organized on july 8, 1924 to provide a united voice for the cotton merchandising trade of the united states. Acsa is comprised of merchants, primary buyers and mill service agents who are members of four federated associations located throughout the cotton belt: atlantic cotton association southern cotton association texas cotton association western cotton shippers association acsa's member firms handle over 80% of the u.s. Cotton sold in domestic and foreign markets. The significant market involvement of acsa members requires that the association take an active part in promoting the increased use of cotton in the u.s. And throughout the world; establishing with other cotton trade organizations national and international standards for trade; collaborating with producer organizations throughout the cotton belt in formulating farm programs; and cooperating with government agencies in the administration of such programs. Cotton merchants at eve

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,666,409$5,914,600▲ $248,191
Savings and Temporary Cash Investments$462,195$331,908▼ $130,287
Land, Buildings, and Equipment, Net$26,835$111,179▲ $84,344
Cash and Non-Interest-Bearing Accounts$64,119$74,719▲ $10,600
Accounts Receivable$76,541$31,868▼ $44,673
Total Assets$6,542,304$6,690,485▲ $148,181
Other Assets Total$246,205$226,211▼ $19,994
Liabilities
Other Liabilities$29,394$272,353▲ $242,959
Total Liabilities$29,394$272,353▲ $242,959
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,512,910$6,418,132▼ $94,778
Total Net Assets Fund Balance$6,512,910$6,418,132▼ $94,778
Total Liabilities and Net Assets / Fund Balance$6,542,304$6,690,485▲ $148,181

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$111,179$225,266-
Compensation and Service Providers

Employees

NameTitleBaseTotal
William H AllenPresident an$543,769$543,769
William H AllenPresident and CEO$543,769$543,769
Shea Gould IsheeVice Preside$296,904$296,904
Shea Gould IsheeVice President$296,904$296,904

Board Members and Trustees

NameTitle
Azeez SyedChairman
Darren LongVice Chairma
Nick PeayVice Chairma
Beau StephensonDirector
Brady RaindlDirector
Chris AlphinDirector
Colin IsleDirector
Ellen BatchelderDirector
H Thomas Hayden JrDirector
Jeff JohnsonDirector
John KingDirector
Kevin McdermottDirector
Krista RickmanDirector
Leigh PellDirector
Neil WoodsDirector
Raymond FausDirector
Wesley RentzDirector
John RominesDirecor
Ernst D Schroeder JrImmed. Past
William H Jones IiiTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Delta Strategy GroupConsultant600 PENNSYLVANIA AVE SE, Washington, DC 20003-4316$132,504
The Macon Edwards CompanyConsultant600 PENNSYLVANIA AVE SE, Washington, DC 20003-4316$132,504
Revenue and Support

Revenue Composition

Contributions and Grants
$1,950,275
Program Service Revenue
$0
Investment Income
$967,904
Other Revenue
$681,590
Change in Net Assets
$-94,778

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,599,769
Total Revenue per Audited Statements
$3,599,769
Total Revenue per Form 990
$3,599,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,286,722
Salaries, Compensation, and Employee Benefits$1,407,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,255,304--$1,255,304
Conferences and Meetings$706,619--$706,619
Fees for Services Lobbying$280,032--$280,032
Travel$121,360--$121,360
Occupancy$94,943--$94,943
Fees for Services Other$80,093--$80,093
Office Expenses$74,043--$74,043
All Other Expenses$70,578--$70,578
Other Employee Benefits$66,439--$66,439
Fees for Services Legal$59,827--$59,827
Advertising$56,161--$56,161
Fees for Service Investment Mgmnt Fees$49,933--$49,933
Payroll Taxes$44,015--$44,015
Pension Plan Contributions$42,067--$42,067
Other Expenses$36,509--$36,509
Fees for Services Accounting$21,750--$21,750
Depreciation Depletion$15,656--$15,656
Insurance$7,091--$7,091
Total Functional Expenses$3,694,547$0$0$3,694,547

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,694,547
Total Expenses per Audited Statements$3,694,547
Total Expenses per Form 990$3,694,547
International Activity

International Summary

Employees
1

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesConsultant-1-
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
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$160,000
Total Nondeductible Lobbying and Political Cost$160,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accounts Payable/accrued Expense$272,353
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
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 2

Azeez syed olam agri americas, inc. Chairmen merchant employee/employer darren long ecom usa, llc vice chair merchant employee/employer nick peay louis dreyfus company vice chair merchant employee/employer ernst d. Schroeder, jr. Jess smith & sons cotton, llc former chair merchant employee/employer william h. Jones iii louis dreyfus company treasurer merchant employee/employer wesley rentz olam agri americas, inc. Director merchant employee/employer chris alphin commonwealth gin director merchant employee/employer krista rickman cargill cotton director merchant employee/employer neil woods olam agri americas, inc. Director merchant employee/employer brady raindl ecom usa, llc director merchant employee/employer ellen batchelder cargill cotton director merchant employee/employer kevin mcdermott jess smith & sons cotton, inc. Director merchant employee/employer john romines olam agri americas, inc. Director merchant employee/employer raymond faus omnicotton, inc. Director merchant employee/employer h. Thomas hayden jr louis dreyfus company director merchant employee/employer colin isle viterra usa agriculture llc director merchant employee/employer jeff johnson louis dreyfus company director merchant employee/employer john king olam agri americas, inc. Director merchant employee/employer leigh pell louis dreyfus company director merchant employee/employer beau stephenson omnicotton, inc. Director merchant employee/employer

Form 990, Page 6, Part VI, Line 6

Acsa has four federated member firms, and each of those has members. Currently there are approximately 96 member firms

Form 990, Page 6, Part VI, Line 7A

At the national convention the member firms vote to approve the board of directors

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

The 990 is reviewed by the officersincluding the chairman, the president and the treasurer.

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

Compensation of the president is discussed, reviewed and approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

The bylaws are published on the organization's website. Financials and all other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
American Cotton Shippers
EIN
62-0113620
Phone
9015252272
Address
88 UNION AVE STE 1204 LB38, MEMPHIS, TN 38103

Signing Officer

Name
William H Allen
Title
President and CEO
Phone
9015252272
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William H Allen
Formed
1924
Legal Domicile
Tn
Voting Board Members
18
Independent Board Members
18
Employees
6

Preparer

Firm
Fred T Neely & Company Pllc
Address
111 W PARK AVE, GREENWOOD, MS 38930
Preparer
Ollie Lance Mohamed
Phone
6624537112
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

1. Encourage the production of an adequate and diverse supply of cotton at competitive prices to meet the needs of our domestic and foreign mill customers. 2. Educate producer and mill customers on the prudent and appropriate use of the available risk management instruments that will enable them to maximize their profit potential in the market. 3. Contract for the forward purchase and sale of cotton to lock in a market price for each of our customers. 4. Facilitate the prompt harvesting, processing, shipment and delivery acsa members are engaged in a great enterprise, the purchasing, storing, transporting, and merchandising of america's most valuable cash crop and its most abundant natural fiber. Our objectives, our challenges, our vital mission requires us to.

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

The organization exists to protect and enhance the cotton merchandising industry.

Form 990, Part XI, Line 9

Loss on sale of equipment 0 loss on sale of equipment 0

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Loss on sale of equipment 0

Schedule D, Page 4, Part XII, Line 4B

Loss on sale of equipment 0

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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/ActivityOrMissionDesc0THE AMERICAN COTTON SHIPPERS ASSOCIATION WAS ORGANIZED ON JULY 8, 1924 TO PROVIDE A UNITED VOICE FOR THE COTTON MERCHANDISING TRADE OF THE UNITED STATES. ACSA IS COMPRISED OF MERCHANTS, PRIMARY BUYERS AND MILL SERVICE AGENTS WHO ARE MEMBERS OF FOUR FEDERATED ASSOCIATIONS LOCATED THROUGHOUT THE COTTON BELT: ATLANTIC COTTON ASSOCIATION SOUTHERN COTTON ASSOCIATION TEXAS COTTON ASSOCIATION WESTERN COTTON SHIPPERS ASSOCIATION ACSA'S MEMBER FIRMS HANDLE OVER 80% OF THE U.S. COTTON SOLD IN DOMESTIC AND FOREIGN MARKETS. THE SIGNIFICANT MARKET INVOLVEMENT OF ACSA MEMBERS REQUIRES THAT THE ASSOCIATION TAKE AN ACTIVE PART IN PROMOTING THE INCREASED USE OF COTTON IN THE U.S. AND THROUGHOUT THE WORLD; ESTABLISHING WITH OTHER COTTON TRADE ORGANIZATIONS NATIONAL AND INTERNATIONAL STANDARDS FOR TRADE; COLLABORATING WITH PRODUCER ORGANIZATIONS THROUGHOUT THE COTTON BELT IN FORMULATING FARM PROGRAMS; AND COOPERATING WITH GOVERNMENT AGENCIES IN THE ADMINISTRATION OF SUCH PROGRAMS. COTTON MERCHANTS AT EVE
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IRS990/MissionDesc01. ENCOURAGE THE PRODUCTION OF AN ADEQUATE AND DIVERSE SUPPLY OF COTTON AT COMPETITIVE PRICES TO MEET THE NEEDS OF OUR DOMESTIC AND FOREIGN MILL CUSTOMERS. 2. EDUCATE PRODUCER AND MILL CUSTOMERS ON THE PRUDENT AND APPROPRIATE USE OF THE AVAILABLE RISK MANAGEMENT INSTRUMENTS THAT WILL ENABLE THEM TO MAXIMIZE THEIR PROFIT POTENTIAL IN THE MARKET. 3. CONTRACT FOR THE FORWARD PURCHASE AND SALE OF COTTON TO LOCK IN A MARKET PRICE FOR EACH OF OUR CUSTOMERS. 4. FACILITATE THE PROMPT HARVESTING, PROCESSING, SHIPMENT AND DELIVERY ACSA MEMBERS ARE ENGAGED IN A GREAT ENTERPRISE, THE PURCHASING, STORING, TRANSPORTING, AND MERCHANDISING OF AMERICA'S MOST VALUABLE CASH CROP AND ITS MOST ABUNDANT NATURAL FIBER. OUR OBJECTIVES, OUR CHALLENGES, OUR VITAL MISSION REQUIRES US TO.
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