Overview
What is The Cotton Charitable Foundation?
The Cotton Charitable Foundation, based in Katy, Texas (77493), is a compassionate nonprofit organization with a mission to bring hope back into the lives of children and individuals who have been impacted by natural disasters or other significant life challenges. Recently, they extended their support by providing temporary housing for families affected by the Uvalde, Texas, school shooting tragedy. The foundation is dedicated to aiding those in need, demonstrating their commitment to making a positive impact in their community and beyond. The organization operates with a small team of dedicated individuals.
Official website here: www.cottonfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Cotton Charitable Foundation has received a One-Star rating due to its overall performance score of 56%. This rating reflects significant areas of concern, particularly in governance and accountability practices. Notably, the organization lacks independent board members, which affects its oversight capabilities, and it does not have a conflict of interest policy, whistleblower policy, or document retention policy in place.
Despite these shortcomings, the foundation demonstrates a strong commitment to its programmatic expenses, with a program expense ratio of 74.75%, indicating that the majority of its expenditures are directed towards its mission. Additionally, it has successfully avoided material diversion of assets, earning a perfect score in that category. The organization does provide board meeting minutes, which contributes to some level of transparency.
However, the absence of several critical governance policies raises questions about its operational integrity and transparency. The Cotton Charitable Foundation's reliance on documented practices and independent oversight will be crucial for improving its accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Cotton Charitable Foundation legitimate?
The Cotton Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cotton Charitable 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: $91,000
For more financial information, click here
Official website here: www.cottonfoundation.com
What is the mission statement of The Cotton Charitable Foundation?
The Cotton Charitable Foundation is committed to restoring hope for children and individuals whose lives have been impacted by natural disasters and other life-changing challenges. Their mission is to provide aid and support during these difficult times, aiming to bring a sense of normalcy and resilience back into the lives of those affected. An example of their work includes providing temporary housing for families affected by the Uvalde, Texas school shooting.
Official website here: www.cottonfoundation.com
Who is the CEO of The Cotton Charitable Foundation?
Peter Bell is the Director of The Cotton Charitable Foundation.
Official website here: www.cottonfoundation.com
What is the revenue of The Cotton Charitable Foundation?
The Cotton Charitable Foundation's revenue in 2022 was $470,212.
Official website here: www.cottonfoundation.com
Who are the executives of The Cotton Charitable Foundation and what are their salaries?
The average compensation at The Cotton Charitable Foundation during 2022 was $91,000. There is 1 employee and 30 volunteers at The Cotton Charitable Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cottonfoundation.com
Where can I find the form 990 for The Cotton Charitable Foundation?
The Cotton Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cottonfoundation.com
Learn more at the official website: www.cottonfoundation.com
Mission Statement of The Cotton Charitable Foundation
The Cotton Charitable Foundation is dedicated to restoring hope to children and individuals whose lives have been disrupted by natural disasters and other life-changing challenges. This philanthropic organization aims to provide support and aid to those who have been affected by such adversities, with the ultimate goal of helping them rebuild their lives.
In the face of tragedy, The Cotton Charitable Foundation demonstrated its commitment by providing temporary housing for the families of victims of the Uvalde, Texas school shooting. This act of kindness and compassion underscores the organization's mission to extend a helping hand to those in need during their most challenging times. By offering temporary housing, The Cotton Charitable Foundation not only provides a roof over the heads of affected families but also offers them a sense of security and stability during their recovery process.
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Impact
July, 2024
The Cotton Charitable Foundation has made a significant impact by providing temporary housing for the families of victims of the Uvalde, Texas school shooting. Additionally, the foundation is dedicated to restoring hope to children and individuals affected by natural disasters and other life-changing challenges. Through its philanthropic efforts, The Cotton Charitable Foundation has demonstrated a commitment to supporting vulnerable populations and fostering resilience in the face of adversity.
This information is meant to be a general summary of The Cotton Charitable 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,694
- Gross Receipts: $635,887
Assets and Liabilities:
- Total Assets: $1,509,676
- Total Liabilities: $33,108
- Net Assets: $1,476,568
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Organization Details
Founding Year
2005
Phone
(713) 849-9300Principal Officer
Peter Bell
Main Address
5443 KATY HOCKLEY CUTOFF, KATY, TX, 77493
Website
www.cottonfoundation.comNTEE Category
Code: T30 - Philanthropy
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