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Nonprofit · EIN 62-1457300

SOUTHERN COTTON GINNERS FOUNDATION

Tax-exempt · MEMPHIS, TN 38106

Financials

$30K$23K2023$54K$23K2024
Revenue Expenses · by fiscal year end
Financials of SOUTHERN COTTON GINNERS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$53,629$23,180$30,449$1,129,713$0$1,129,713
March 31, 2024990$29,746$23,425$6,321$1,101,130$0$1,101,130
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$100
Program service revenue
$0
Investment income
$53,529
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$23,000
Management and general (functional)
$180

Balance sheet and other

Total assets, start of year
$1,101,130
Total assets, end of year
$1,129,713
Total liabilities, end of year
$0
Net assets, end of year
$1,129,713
Net assets without donor restrictions
$1,129,713
Gross receipts
$53,629
Employees
0
Volunteers
0
Year formed
1991
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended March 31, 2025, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
TIM PRICESECRETARY
Trustee or director, Officer
1$0$163,449$17,027
DAVID BLAKEMOREPRESIDENT
Trustee or director, Officer
0.25$0$0$0
NEILL SLOANTREASURER
Trustee or director, Officer
0.25$0$0$0
BERNIE JORDANTRUSTEE
Trustee or director
0.25$0$0$0
WILL WADETRUSTEE
Trustee or director
0.25$0$0$0
ALLEN ESPEYTRUSTEE
Trustee or director
0.25$0$0$0
JEFF LINDSEYTRUSTEE
Trustee or director
0.25$0$0$0
990 for the year ended March 31, 2024: 7 people
NameTitleHours / weekCompensationFrom related orgs
TIM PRICESECRETARY
Trustee or director, Officer
1$0$197,373
GARY BAILEYTRUSTEE
Trustee or director
0.25$0$0
DAVID BLAKEMOREPRESIDENT
Trustee or director, Officer
0.25$0$0
TOM CALLOWAYTRUSTEE
Trustee or director
0.25$0$0
BERNIE JORDANTRUSTEE
Trustee or director
0.25$0$0
NEILL SLOANTREASURER
Trustee or director, Officer
0.25$0$0
WILL WADETRUSTEE
Trustee or director
0.25$0$0

Address and contacts

Address (IRS master file)
874 COTTON GIN PL, MEMPHIS, TN 38106-2543
Principal officer (990 for 2024)
TIM PRICE, 874 COTTON GIN PLACE, MEMPHIS, TN 38106
Signed the 990
TIM PRICE, SECRETARY
Phone
(901) 947-3104
Return prepared by
ATA ADVISORY LLC

Mission

PROMOTE EDUCATION IN COTTON GINNING INDUSTRY

990 for the year ended March 31, 2025

Program accomplishments

  • SUPPORT AGRICULTURAL EDUCATION THROUGH UNIVERSITIES, THE COTTON FOUNDATION AND SOUTHERN COTTON GINNERS ASSOCIATION.
    Expenses $23,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
62-1457300
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,129,713
Income (IRS master file)
$53,629

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$53,629$23,180$1,129,713XML
990March 2024$29,746$23,425$1,101,130XML
990March 2023$27,923$12,350$1,083,720IRS
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1457300).

Questions about SOUTHERN COTTON GINNERS FOUNDATION

What is the EIN of SOUTHERN COTTON GINNERS FOUNDATION?
The employer identification number (EIN) of SOUTHERN COTTON GINNERS FOUNDATION is 62-1457300.
Is SOUTHERN COTTON GINNERS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to SOUTHERN COTTON GINNERS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHERN COTTON GINNERS FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTHERN COTTON GINNERS FOUNDATION due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHERN COTTON GINNERS FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of SOUTHERN COTTON GINNERS FOUNDATION?
The 990 for the year ended March 31, 2025 names TIM PRICE.
Who are the officers and directors of SOUTHERN COTTON GINNERS FOUNDATION?
The 990 for the year ended March 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does SOUTHERN COTTON GINNERS FOUNDATION have?
On its 990 for the year ended March 31, 2025 it reported revenue of $53,629, expenses of $23,180 and total assets of $1,129,713 at year end.

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