Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
54th percentile
Higher debt load relative to revenue than 54% of similar nonprofits.
Net Margin
39th percentile
Higher net margin than 39% of similar nonprofits.
Top Officer Pay
79th percentile
Higher top officer pay than 79% of similar nonprofits.
Top officer pay equals 46.2% of source-year revenue.
Asset Growth
48th percentile
Faster asset growth than 48% of similar nonprofits.
Revenue Growth
74th percentile
Faster revenue growth than 74% of similar nonprofits.
Balance Sheet
Assets
Down$333,871
Down $1,418 (-0.4%) from 2021
Net Assets
$333,397
No earlier filing loaded for comparison.
Liabilities
Down$474
Down $12 (-2.5%) from 2021
Revenue And Expenses
Revenue
Up$51,978
Up $14,884 (+40%) from 2021
Expenses
Up$53,384
Up $11,491 (+27%) from 2021
Net Income
Up-$1,406
Up $3,393 (+71%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Mar 1, 2021 to Feb 28, 2022
- Signed
- Oct 20, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $68,338
Mission and Program Overview
Mission
The purpose for which it is formed is to maintain a cotton exchange with powers to provide and maintain suitable rooms for the conduct of their business, and to establish and maintain uniformity in commercial usages in cities and towns; to acquire, preserve, and disseminate valuable business information; to adopt rules, regulations and standards of classification which shall govern all transactions connected with the cotton trade and with other commodities where standards and classifications are required; and generally to promote the interest of trade and increase the facilities of commercial transactions, in accordance with subdivision 53 of art. 1302. This corporation is not organized for profit and shall have no capital stock and no part of the net earnings, if any, shall enure to the benefit of any member thereof.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE TRAINING AND EDUCATION THROUGH THE SPONSORSHIP OF AN ANNUAL SCHOOL TO TRAIN INDIVIDUALS ABOUT THE WORLD-WIDE COTTON INDUSTRY. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| URSULA CASWELL | Secretary/Treas | PT | $24,000 | - | $24,000 |
| SHAWN CANALE | President | - | $0 | - | - |
| FRAN JACKSON | Vice President | - | $0 | - | - |
| CARLOS GARCIA | Past President | - | $0 | - | - |
| ADAM DURHAM | Director | - | $0 | - | - |
| BRADY RAINDL | Director | - | $0 | - | - |
| DARREN NEWTON | Director | - | $0 | - | - |
| HARVEY CASE | Director | - | $0 | - | - |
| DAVID STANFORD | Director | - | $0 | - | - |
Fundraising, Events, and Gaming
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Golf Tournament | $18,438 | $18,438 | $16,360 | $2,078 |
| Total Events | $18,438 | $18,438 | $16,360 | $2,078 |
Filing and Contact Details
Filer
- Filer Name
- Lubbock Cotton Exchange
- EIN
- 75-0755090
- Address
- 1515 TEXAS AVENUE 208, LUBBOCK, TX 79401
Signing Officer
- Name
- Shawn Canale
- Title
- President
- Signed
- 2022-10-20
- Discuss with paid preparer
- Yes
Preparer
- Firm
- D Williams & Co PC
- Address
- PO BOX 2666, Lubbock, TX 79408
- Preparer
- Gregory O Taylor
- Phone
- 8067855982
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $670”
Other Expenses.1012
“Insurance $1657”
Other Expenses.1
“MEETINGS $16827”
Other Expenses.2
“TELEPHONE $2171”
Other Expenses.3
“Dues and subscriptions $1240”
Other Expenses.4
“Credit card processing fees $998”
Total Liabilities.1
“PAYROLL LIABILITIES - Beginning $486 PAYROLL LIABILITIES - Ending $474”
Raw XML Appendix153 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | URSULA CASWELL |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8067634646 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1616 TEXAS AVE STE 9 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LUBBOCK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 79401 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 335289 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 333871 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -1406 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 15 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 335289 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 333871 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 18438 |
| IRS990EZ/GrossReceiptsAmt | 0 | 68338 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 6788 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 17775 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 334803 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 333397 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 334803 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 333397 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 3900 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 25.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 24000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SHAWN CANALE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | FRAN JACKSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | URSULA CASWELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | CARLOS GARCIA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ADAM DURHAM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | BRADY RAINDL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | DARREN NEWTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | HARVEY CASE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | DAVID STANFORD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary/Treas |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PAST PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 23563 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE PURPOSE FOR WHICH IT IS FORMED IS TO MAINTAIN A COTTON EXCHANGE WITH POWERS TO PROVIDE AND MAINTAIN SUITABLE ROOMS FOR THE CONDUCT OF THEIR BUSINESS, AND TO ESTABLISH AND MAINTAIN UNIFORMITY IN COMMERCIAL USAGES IN CITIES AND TOWNS; TO ACQUIRE, PRESERVE, AND DISSEMINATE VALUABLE BUSINESS INFORMATION; TO ADOPT RULES, REGULATIONS AND STANDARDS OF CLASSIFICATION WHICH SHALL GOVERN ALL TRANSACTIONS CONNECTED WITH THE COTTON TRADE AND WITH OTHER COMMODITIES WHERE STANDARDS AND CLASSIFICATIONS ARE REQUIRED; AND GENERALLY TO PROMOTE THE INTEREST OF TRADE AND INCREASE THE FACILITIES OF COMMERCIAL TRANSACTIONS, IN ACCORDANCE WITH SUBDIVISION 53 OF ART. 1302. THIS CORPORATION IS NOT ORGANIZED FOR PROFIT AND SHALL HAVE NO CAPITAL STOCK AND NO PART OF THE NET EARNINGS, IF ANY, SHALL ENURE TO THE BENEFIT OF ANY MEMBER THEREOF. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 25337 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE TRAINING AND EDUCATION THROUGH THE SPONSORSHIP OF AN ANNUAL SCHOOL TO TRAIN INDIVIDUALS ABOUT THE WORLD-WIDE COTTON INDUSTRY. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 25906 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 16360 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 2078 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 486 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 474 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 53384 |
| IRS990EZ/TotalRevenueAmt | 0 | 51978 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 16360 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | GOLF TOURNAMENT |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 18438 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 18438 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 18438 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 18438 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 2078 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 16360 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 16360 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $670 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $1657 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | MEETINGS $16827 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TELEPHONE $2171 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DUES AND SUBSCRIPTIONS $1240 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | CREDIT CARD PROCESSING FEES $998 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PAYROLL LIABILITIES - Beginning $486 PAYROLL LIABILITIES - Ending $474 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd | 0 | FAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SHAWN CANALE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-10-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LUBBOCK COTTON EXCHANGE |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LUBB |
| ReturnHeader/Filer/EIN | 0 | 750755090 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1515 TEXAS AVENUE 208 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LUBBOCK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 79401 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 752512581 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | D Williams & Co PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 2666 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Lubbock |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 79408 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8067855982 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GREGORY O TAYLOR |
| ReturnHeader/ReturnTs | 0 | 2022-10-20T07:47:12-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | SHAWN |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | CANALE |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-03-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-02-28 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $333,871
- Liabilities
- $474
- Net assets
- $333,397
- Revenue
- $51,978
- Expenses
- $53,384
- Net income
- -$1,406