Civic Intelligence

Cotton Exchange Merchants Assoc Inc

EIN 75-3144803 • 501(c)6 • Wilmington, NC

Profile

Promotion and advertising of the local community through brochures, radio, television, billboards, directories, maps, internet, special events, and other forms.

321 North Front StreetWilmington, NC 28401

shopcottonexchange.com

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE S41 • <$500k nonprofits • Source year 2025

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Source year 2025

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

NTEE S41 • <$500k nonprofits • Source year 2025

Asset Growth

96th percentile

204%

Faster asset growth than 96% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

46th percentile

-1.5%

Faster revenue growth than 46% of similar nonprofits.

NTEE S41 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$11,526

Up $1,469 (+15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$11,526

Up $1,469 (+15%) from 2023

Operations
Liabilities / Revenue56th percentileNet Margin89th percentile

Revenue

Down

$59,950

Down $4,599 (-7.1%) from 2023

Expenses

Up

$58,481

Up $7,339 (+14%) from 2023

Net Income

Down

$1,469

Down $11,938 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth96th percentile

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

$15K$10K$5.0K$0-$5.0KAssets 2011: $1Liabilities 2011: $6,1442011Assets 2012: $373Net Assets 2012: $3732012Assets 2013: $9,819Liabilities 2013: $1,020Net Assets 2013: $8,7992013Assets 2014: $6,811Net Assets 2014: $6,8112014Assets 2015: $8,094Net Assets 2015: $8,0942015Assets 2016: $777Liabilities 2016: $1,305Net Assets 2016: -$5282016Assets 2017: $1,651Liabilities 2017: $2,662Net Assets 2017: -$1,0112017Assets 2018: $1,389Liabilities 2018: $1,705Net Assets 2018: -$3162018Assets 2019: $7,145Liabilities 2019: $964Net Assets 2019: $6,1812019Assets 2020: $1,346Liabilities 2020: $3,293Net Assets 2020: -$1,9472020Assets 2021: $597Liabilities 2021: $3,367Net Assets 2021: -$2,7702021Assets 2022: $1,592Liabilities 2022: $4,942Net Assets 2022: -$3,3502022Assets 2023: $10,057Liabilities 2023: $0Net Assets 2023: $10,0572023Assets 2024: $11,526Liabilities 2024: $0Net Assets 2024: $11,5262024

Highlighted filing

2024

Assets$11,526
Liabilities$0
Net Assets$11,526
Open 2024 Filing

Operations Trend

Revenue Growth46th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2011: $59,400Expenses 2011: $62,455Net Income 2011: -$3,0552011Revenue 2012: $60,243Expenses 2012: $53,726Net Income 2012: $6,5172012Revenue 2013: $57,945Expenses 2013: $49,519Net Income 2013: $8,4262013Revenue 2014: $64,950Expenses 2014: $66,940Net Income 2014: -$1,9902014Revenue 2015: $60,350Expenses 2015: $59,066Net Income 2015: $1,2842015Revenue 2016: $51,500Expenses 2016: $60,122Net Income 2016: -$8,6222016Revenue 2017: $64,000Expenses 2017: $64,484Net Income 2017: -$4842017Revenue 2018: $57,890Expenses 2018: $57,194Net Income 2018: $6962018Revenue 2019: $57,625Expenses 2019: $51,129Net Income 2019: $6,4962019Revenue 2020: $56,225Expenses 2020: $64,352Net Income 2020: -$8,1272020Revenue 2021: $54,450Expenses 2021: $55,273Net Income 2021: -$8232021Revenue 2022: $57,066Expenses 2022: $57,646Net Income 2022: -$5802022Revenue 2023: $64,549Expenses 2023: $51,142Net Income 2023: $13,4072023Revenue 2024: $59,950Expenses 2024: $58,481Net Income 2024: $1,4692024

Highlighted filing

2024

Revenue$59,950
Expenses$58,481
Net Income$1,469
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,526
Liabilities
$0
Net assets
$11,526
Revenue
$59,950
Expenses
$58,481
Net income
$1,469
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.5$0.00$11.5$60.0$58.5$1.47
2023Detailed filing. Detailed filing data is available for this year.$10.1$0.00$10.1$64.5$51.1$13.4
2022Detailed filing. Detailed filing data is available for this year.$1.59$4.94$3.35$57.1$57.6$0.58
2021Detailed filing. Detailed filing data is available for this year.$0.60$3.37$2.77$54.5$55.3$0.82
2020Detailed filing. Detailed filing data is available for this year.$1.35$3.29$1.95$56.2$64.4$8.13
2019Detailed filing. Detailed filing data is available for this year.$7.15$0.96$6.18$57.6$51.1$6.50
2018Detailed filing. Detailed filing data is available for this year.$1.39$1.71$0.32$57.9$57.2$0.70
2017Detailed filing. Detailed filing data is available for this year.$1.65$2.66$1.01$64.0$64.5$0.48
2016Detailed filing. Detailed filing data is available for this year.$0.78$1.31$0.53$51.5$60.1$8.62
2015Detailed filing. Detailed filing data is available for this year.$8.09$8.09$60.4$59.1$1.28
2014Detailed filing. Detailed filing data is available for this year.$6.81$6.81$65.0$66.9$1.99
2013Detailed filing. Detailed filing data is available for this year.$9.82$1.02$8.80$57.9$49.5$8.43
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.37$0.37$60.2$53.7$6.52
2011Summary only. Only limited summary data is available for this year.$0.00$6.14$59.4$62.5$3.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 20, 2025
Return Version
2024v5.0
Gross Receipts
$59,950
Mission and Program Overview

Mission

See Schedule O

Program Services

DescriptionGrantsExpenses
Promote the local community through brochures, radio, television, billboards, directories, maps, internet, special events, and other forms.-$0
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather MyersPresident & Treasurer-$0--
Gavin MyersPresident-$0--
Jason DeRosierMember At Large-$0--
Filing and Contact Details

Filer

Filer Name
Cotton Exchange Merchants Assoc Inc
EIN
75-3144803
In Care Of
% Heather Myers
Phone
9109900359
Address
321 North Front Street, Wilmington, NC 28401

Signing Officer

Name
Heather Myers
Title
President & Treasurer
Phone
9109900359
Signed
2025-02-20
Discuss with paid preparer
Yes

Preparer

Firm
Mark S Kennedy CPA PLLC
Address
PO Box 2106, Wilmington, NC 28402
Preparer
Mark S Kennedy CPA
Phone
9107422478
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountAdvertising & Promotion 58,006Bank Fees 35”

Raw XML Appendix101 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Heather Myers
IRS990EZ/BooksInCareOfDetail/PhoneNum09109900359
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0321 North Front Street
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Wilmington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd028401
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt010057
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011526
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt01469
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0440
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt010057
IRS990EZ/Form990TotalAssetsGrp/EOYAmt011526
IRS990EZ/GrossReceiptsAmt059950
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt059950
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt010057
IRS990EZ/NetAssetsOrFundBalancesEOYAmt011526
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt010057
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt011526
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt14.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Heather Myers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Gavin Myers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Jason DeRosier
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President & Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Member at Large
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt058041
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0See Schedule O
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Promote the local community through brochures, radio, television, billboards, directories, maps, internet, special events, and other forms.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt058481
IRS990EZ/TotalRevenueAmt059950
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0shopcottonexchange.com
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountAdvertising & Promotion 58,006Bank Fees 35
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HEATHER MYERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09109900359
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Cotton Exchange Merchants Assoc Inc
ReturnHeader/Filer/BusinessNameControlTxt0COTT
ReturnHeader/Filer/EIN0753144803
ReturnHeader/Filer/InCareOfNm0% Heather Myers
ReturnHeader/Filer/PhoneNum09109900359
ReturnHeader/Filer/USAddress/AddressLine1Txt0321 North Front Street
ReturnHeader/Filer/USAddress/CityNm0Wilmington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd028401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452545903
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mark S Kennedy CPA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 2106
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Wilmington
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd028402
ReturnHeader/PreparerPersonGrp/PhoneNum09107422478
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK S KENNEDY CPA
ReturnHeader/ReturnTs02025-02-22T22:53:53-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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