Overview
What is American Cotton Shippers Association?
The American Cotton Shippers Association, based in Memphis, Tennessee, is a nonprofit organization that serves to safeguard and improve the cotton merchandising industry. Established in 1924, the association comprises merchants, primary buyers, and mill service agents from four federated associations across the cotton belt. Its member firms handle over 80% of the U.S. cotton sold in both domestic and foreign markets, necessitating active involvement in promoting the increased use of cotton worldwide. In addition to this, the American Cotton Shippers Association collaborates with other cotton trade organizations to establish national and international trade standards, works with producer organizations to formulate farm programs, and cooperates with government agencies in the administration of these programs. The association's objectives revolve around encouraging a diverse and sufficient supply of cotton, educating customers about risk management, contracting for forward purchases, and facilitating prompt harvesting, processing, shipping, and delivery. The American Cotton Shippers Association is committed to the successful purchasing, storing, transporting, and merchandising of America's most valuable cash crop and abundant natural fiber.
Official website here: www.acsa-cotton.org
Is American Cotton Shippers Association legitimate?
American Cotton Shippers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. American Cotton Shippers Association 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:
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Other Salaries and Wages: $579,155
For more financial information, click here
Official website here: www.acsa-cotton.org
What is the mission statement of American Cotton Shippers Association?
The American Cotton Shippers Association, established in 1924, serves as a united voice for the cotton merchandising trade in the United States. Comprising merchants, primary buyers, and mill service agents from four federated associations, the association handles over 80% of the U.S. cotton sold in both domestic and foreign markets. Its mission involves promoting the increased use of cotton, establishing national and international trade standards, collaborating with producer organizations, and cooperating with government agencies in administering farm programs.
The association's primary objective is to encourage a sufficient and diverse supply of cotton at competitive prices to meet the needs of its domestic and foreign mill customers. It also aims to educate producers and mill customers on the prudent use of risk management instruments to maximize profit potential. The American Cotton Shippers Association facilitates forward purchases and sales of cotton to lock in market prices for its customers. In essence, the association is deeply involved in procuring, storing, transporting, and merchandising America's most valuable cash crop and abundant natural fiber.
Official website here: www.acsa-cotton.org
Who is the CEO of American Cotton Shippers Association?
William H Allen is the Chairman of American Cotton Shippers Association.
Official website here: www.acsa-cotton.org
What is the revenue of American Cotton Shippers Association?
American Cotton Shippers Association's revenue in 2022 was $1,058,722.
Official website here: www.acsa-cotton.org
Who are the executives of American Cotton Shippers Association and what are their salaries?
The average compensation at American Cotton Shippers Association during 2022 was $144,789. There are 4 employees at American Cotton Shippers Association.
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Official website here: www.acsa-cotton.org
Where can I find the form 990 for American Cotton Shippers Association?
American Cotton Shippers Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.acsa-cotton.org
Learn more at the official website: www.acsa-cotton.org
Mission Statement of American Cotton Shippers Association
The American Cotton Shippers Association, established in 1924, serves as a unified voice for the cotton merchandising trade in the United States. Comprising merchants, primary buyers, and mill service agents, the association represents over 80% of the domestic and foreign cotton sold in the market. Recognizing the significant market involvement of its members, the American Cotton Shippers Association is actively involved in promoting the increased use of cotton domestically and globally.
In line with its mission, the association works towards ensuring a steady and diverse supply of cotton at competitive prices to cater to the needs of its domestic and foreign mill customers. To achieve this, the American Cotton Shippers Association educates both producers and mill customers on the prudent use of risk management instruments. By leveraging these instruments, they can optimize their profit potential in the market. Furthermore, the association facilitates forward purchases and sales of cotton to secure a market price for their clients.
In essence, the American Cotton Shippers Association is engaged in a substantial enterprise, involving the purchasing, storing, transporting, and merchandising of America's most valuable cash crop and its most abundant natural fiber. Their objectives and challenges necessitate a vital mission, which requires them to actively engage in establishing national and international trade standards, collaborating with producer organizations, and cooperating with government agencies in administering farm programs.
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Impact
October, 2024
The American Cotton Shippers Association (ACSA) plays a vital role in the cotton merchandising industry by providing a unified voice for its members, which include merchants, primary buyers, and mill service agents. By representing a substantial majority—over 80%—of U.S. cotton handled in both domestic and foreign markets, ACSA significantly influences the cotton trade landscape.
One of its key impacts is the promotion of increased cotton usage, not only within the United States but globally. ACSA collaborates with various cotton trade organizations to establish national and international standards, ensuring a fair and effective trading environment that benefits its members and the broader industry.
The association also actively engages with producer organizations to formulate farm programs, aiming to support a diverse supply of cotton at competitive prices, thereby meeting the needs of mill customers effectively. Additionally, ACSA educates both producers and customers on utilizing risk management tools, which help stakeholders maximize their profit potential in the volatile cotton market.
Furthermore, ACSA facilitates essential logistics, ensuring the prompt harvesting, processing, shipment, and delivery of cotton. This comprehensive involvement not only enhances operational efficiency within the cotton supply chain but also strengthens the overall market, significantly contributing to the economic vitality of the cotton industry.
This information is meant to be a general summary of American Cotton Shippers Association. 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: -$1,059,265
- Gross Receipts: $2,605,886
Assets and Liabilities:
- Total Assets: $6,049,279
- Total Liabilities: $9,736
- Net Assets: $6,039,543
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Organization Details
Founding Year
1924
Phone
(901) 525-2272Principal Officer
William H Allen
Main Address
88 UNION AVE STE 1204, MEMPHIS, TN, 38103
Website
www.acsa-cotton.orgNTEE Category
Code: S41 - Community improvement
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