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The Cottle Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010912758 ✦ Montgomery, AL ✦ Designated as a 501(c)(3)

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Overview

What is The Cottle Foundation?

The Cottle Foundation, situated in Montgomery, Alabama, is a distinguished nonprofit organization dedicated to supporting students in pursuing higher education. Recognizing the critical financial challenges some individuals face, the foundation provides scholarships to deserving and exceptional citizens. These scholarship recipients demonstrate a genuine need for financial assistance due to the absence or lack of financial support. The Cottle Foundation's mission is to empower these individuals, who aspire to contribute positively to society, in their academic journey.

Is The Cottle Foundation legitimate?

The Cottle Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cottle Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of The Cottle Foundation?

The Cottle Foundation's primary purpose is to grant scholarships to deserving and exceptional individuals who face critical financial challenges due to a lack or absence of financial support. These scholars aspire to contribute significantly to society's advancement after completing their higher education. The foundation's mission is essentially to empower these individuals financially, enabling them to pursue their academic goals and make a meaningful impact on society. The Cottle Foundation achieves this mission by providing scholarships, enabling students to attend college and further their education.

What is the revenue of The Cottle Foundation?

The Cottle Foundation's revenue in 2024 was -$15,230.

Who are the executives of The Cottle Foundation and what are their salaries?

Here are 6 key members and their salaries:


Joe Cottle (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda S Merchant (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark H Lindsey (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Parks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James David Gary (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Spearman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Cottle Foundation?

The Cottle Foundation's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of The Cottle Foundation

The Cottle Foundation, a renowned philanthropic organization, is dedicated to granting scholarships to deserving and exceptional individuals who demonstrate critical financial needs and aspire to make significant contributions to society. The foundation's foremost purpose is to support these scholars, who often lack or are devoid of financial assistance, as they pursue higher education at colleges. By providing these scholarships, The Cottle Foundation empowers these individuals to advance themselves and contribute positively to society at large.

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Impact




October, 2024

The Cottle Foundation significantly impacts the community by providing scholarships to deserving individuals facing financial hardships, thereby enabling them to pursue higher education. By addressing the critical financial needs of students who lack sufficient support, the foundation empowers these individuals to become valuable contributors to society. Through its commitment to education, The Cottle Foundation not only enhances the academic prospects of its recipients but also fosters a culture of advancement and civic responsibility within the community. By investing in the potential of outstanding citizens, the foundation lays the groundwork for a brighter future, promoting social progress and personal empowerment.




This information is meant to be a general summary of The Cottle Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
-$15,230 (2024)
Expenses
$0 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: -$21,796
  • Gross Receipts: $2,838,146

Assets and Liabilities:

  • Total Assets: $875,092
  • Total Liabilities: $0
  • Net Assets: $875,092

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Organization Details

Founding Year

2008

Principal Officer

Joe Cottle

NTEE Category

Code: B82 - Education

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