Civic Intelligence

The Cotton Museum Inc

990 • Fiscal year 2019 • EIN 62-1828260

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

65 Union AveMemphis, TN 38103

(901) 531-7826

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.17x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

89th percentile

1.42x

Higher debt load relative to revenue than 89% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

27th percentile

-2.7%

Faster asset growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

47th percentile

2.9%

Faster revenue growth than 47% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,007,130

Down $28,270 (-2.7%) from 2018

Net Assets

Down

$839,590

Down $66,556 (-7.3%) from 2018

Liabilities

Up

$167,540

Up $38,286 (+30%) from 2018

Revenue

Up

$117,808

Up $3,281 (+2.9%) from 2018

Expenses

Up

$184,364

Up $10,486 (+6.0%) from 2018

Net Income

Down

-$66,556

Down $7,205 (-12%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $1,421,384Liabilities 2011: $23,450Net Assets 2011: $1,397,9342011Assets 2013: $1,224,033Liabilities 2013: $84,628Net Assets 2013: $1,139,4052013Assets 2014: $1,206,145Liabilities 2014: $84,543Net Assets 2014: $1,121,6022014Assets 2015: $1,182,211Liabilities 2015: $136,675Net Assets 2015: $1,045,5362015Assets 2016: $1,110,292Liabilities 2016: $96,822Net Assets 2016: $1,013,4702016Assets 2017: $1,064,436Liabilities 2017: $98,939Net Assets 2017: $965,4972017Assets 2018: $1,035,400Liabilities 2018: $129,254Net Assets 2018: $906,1462018Assets 2019: $1,007,130Liabilities 2019: $167,540Net Assets 2019: $839,5902019Assets 2020: $944,876Liabilities 2020: $186,635Net Assets 2020: $758,2412020Assets 2021: $1,004,546Liabilities 2021: $183,422Net Assets 2021: $821,1242021Assets 2022: $921,928Liabilities 2022: $176,496Net Assets 2022: $745,4322022Assets 2023: $867,740Liabilities 2023: $195,475Net Assets 2023: $672,2652023Assets 2024: $934,903Liabilities 2024: $200,259Net Assets 2024: $734,6442024

Highlighted filing

2019

Assets$1,007,130
Liabilities$167,540
Net Assets$839,590

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $205,469Expenses 2011: $225,467Net Income 2011: -$19,9982011Revenue 2013: $252,093Expenses 2013: $307,357Net Income 2013: -$55,2642013Revenue 2014: $317,963Expenses 2014: $308,466Net Income 2014: $9,4972014Revenue 2015: $215,742Expenses 2015: $264,508Net Income 2015: -$48,7662015Revenue 2016: $160,430Expenses 2016: $192,496Net Income 2016: -$32,0662016Revenue 2017: $125,925Expenses 2017: $173,898Net Income 2017: -$47,9732017Revenue 2018: $114,527Expenses 2018: $173,878Net Income 2018: -$59,3512018Revenue 2019: $117,808Expenses 2019: $184,364Net Income 2019: -$66,5562019Revenue 2020: $43,040Expenses 2020: $124,389Net Income 2020: -$81,3492020Revenue 2021: $167,514Expenses 2021: $104,631Net Income 2021: $62,8832021Revenue 2022: $118,457Expenses 2022: $194,149Net Income 2022: -$75,6922022Revenue 2023: $129,496Expenses 2023: $169,859Net Income 2023: -$40,3632023Revenue 2024: $241,507Expenses 2024: $179,128Net Income 2024: $62,3792024

Highlighted filing

2019

Revenue$117,808
Expenses$184,364
Net Income-$66,556
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.0
Gross Receipts
$144,542
Mission and Program Overview

Mission

Providing a historically accurate and educational museum.

To provide an historically accurate and educational museum.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$671,755$639,139▼ $32,616
Cash and Non-Interest-Bearing Accounts$29,872$33,103▲ $3,231
Pledges and Grants Receivable$32,457$32,457→ $0
Inventories for Sale or Use$12,840$9,692▼ $3,148
Other Notes and Loans Receivable, Net-$1,000-
Loans From Officers Directors$0$0→ $0
Total Assets$1,035,400$1,007,130▼ $28,270
Other Assets Total$288,476$291,739▲ $3,263
Liabilities
Accounts Payable and Accrued Expenses$65,172$103,458▲ $38,286
Other Liabilities$64,082$64,082→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$129,254$167,540▲ $38,286
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$906,146$839,590▼ $66,556
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$906,146$839,590▼ $66,556
Total Liabilities and Net Assets / Fund Balance$1,035,400$1,007,130▼ $28,270

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$26,829$354,854$0
Leasehold Improvements$612,310$314,299$0
Other Assets Org$291,739--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$54,984
Program Service Revenue
$68,419
Investment Income
$0
Other Revenue
$-5,595
All Other Contributions
$17,658
Change in Net Assets
$-66,556
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,206
Salaries, Compensation, and Employee Benefits$65,158
Total Fundraising Expense$6,515
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$40,484$13,898$6,042$60,424
Occupancy$38,979$6,879-$45,858
Depreciation Depletion$27,722$4,892-$32,614
Office Expenses$9,619--$9,619
Advertising$9,446--$9,446
Fees for Services Accounting$0$9,200$0$9,200
Information Technology$4,225$746-$4,971
Payroll Taxes$3,172$1,089$473$4,734
Insurance$2,420$426-$2,846
Interest-$278-$278
Fees for Services Other$218--$218
Other Expenses$107$19$0$126
Fees for Services Legal-$59-$59
All Other Expenses$25$4$0$29
Total Functional Expenses$139,769$38,080$6,515$184,364
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$13,781
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Harvest Party$26,130$26,130$689$25,441
Cotton Boll Brunch$6,861$6,861$501$6,360
Total Events$32,991$32,991$13,780$19,211
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MCE Demand Promissory Note$64,082
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is distributed to members after filing, with review and approval by the Treasurer.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy statements are distributed to and completed by Board members at the annual meeting. Those not present are later contacted for follow-up.

Form 990, Part VI, Section C, Line 18

Forms 990 are made available upon request.

Form 990, Part VI, Section C, Line 19

These documents are made available electronically upon request.

Filing and Contact Details

Filer

Filer Name
Cotton Museum Inc
EIN
62-1828260
Phone
9015317826
Address
65 Union Ave, Memphis, TN 38103

Signing Officer

Name
Trey Jones
Title
Treasurer
Phone
9013835036
Signed
2020-11-13

Organization Details

Principal Officer
Trey Jones
Formed
2000
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
6
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 4

Collections and relation to exempt purpose exhibits are used to preserve the history and educate the public about the cotton industry in general and its impact on the city of Memphis, Tennessee.

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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/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt04335
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide an historically accurate and educational museum.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0906146
IRS990/NetAssetsOrFundBalancesEOYAmt0839590
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-13781
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-13781
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt086
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt086
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt08100
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt08100
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0906146
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0839590
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06879
IRS990/OccupancyGrp/ProgramServicesAmt038979
IRS990/OccupancyGrp/TotalAmt045858
IRS990/OfficeExpensesGrp/ProgramServicesAmt09619
IRS990/OfficeExpensesGrp/TotalAmt09619
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0288476
IRS990/OtherAssetsTotalGrp/EOYAmt0291739
IRS990/OtherExpensesGrp/Desc0Parking
IRS990/OtherExpensesGrp/Desc1Bank Service Charges
IRS990/OtherExpensesGrp/Desc2Dues & Subscriptions
IRS990/OtherExpensesGrp/Desc3Licenses & Fees
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0463
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt181
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt246
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt319
IRS990/OtherExpensesGrp/ProgramServicesAmt02627
IRS990/OtherExpensesGrp/ProgramServicesAmt1461
IRS990/OtherExpensesGrp/ProgramServicesAmt2264
IRS990/OtherExpensesGrp/ProgramServicesAmt3107
IRS990/OtherExpensesGrp/TotalAmt03090
IRS990/OtherExpensesGrp/TotalAmt1542
IRS990/OtherExpensesGrp/TotalAmt2310
IRS990/OtherExpensesGrp/TotalAmt3126
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt064082
IRS990/OtherLiabilitiesGrp/EOYAmt064082
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt06042
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013898
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040484
IRS990/OtherSalariesAndWagesGrp/TotalAmt060424
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0473
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01089
IRS990/PayrollTaxesGrp/ProgramServicesAmt03172
IRS990/PayrollTaxesGrp/TotalAmt04734
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt032457
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt032457
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Trey Jones
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Admission Fees
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068419
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt070609
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0118473
IRS990/PYOtherRevenueAmt0-11535
IRS990/PYProgramServiceRevenueAmt055453
IRS990/PYRevenuesLessExpensesAmt0-59351
IRS990/PYSalariesCompEmpBnftPaidAmt055405
IRS990/PYTotalExpensesAmt0173878
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0114527
IRS990/ReconcilationRevenueExpnssAmt0-66556
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt08100
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt068419
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054984
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070609
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077858
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt083375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0126898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0413724
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct00.9999
IRS990ScheduleA/PublicSupportTotal170Amt0413724
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054984
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070609
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt077858
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt083375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0126898
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0413724
IRS990ScheduleA/TotalSupportAmt0413724
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt00
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/RevenuesIncludedAmt00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.20$0.73$0.24$0.18$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.20$0.67$0.13$0.17$0.04
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.92$0.18$0.75$0.12$0.19$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.18$0.82$0.17$0.10$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.19$0.76$0.04$0.12$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.17$0.84$0.12$0.18$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.13$0.91$0.11$0.17$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.10$0.97$0.13$0.17$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.10$1.01$0.16$0.19$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.18$0.14$1.05$0.22$0.26$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.21$0.08$1.12$0.32$0.31$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.22$0.08$1.14$0.25$0.31$0.06
2011Summary only. Only limited summary data is available for this year.$1.42$0.02$1.40$0.21$0.23$0.02