Overview
What is Lubbock Cotton Exchange?
Lubbock Cotton Exchange is a nonprofit organization based in Lubbock, Texas. Their primary function is to serve as a cotton exchange, offering suitable spaces for conducting related business activities and ensuring uniformity in commercial practices among various cities and towns. To further enrich the industry, they sponsor an annual educational event, providing training on the global cotton market to interested individuals. The exchange plays a significant role in fostering knowledge and unity within the cotton sector.
Is Lubbock Cotton Exchange legitimate?
Lubbock Cotton Exchange is a legitimate nonprofit organization registered as a 501(c)(6) entity. Lubbock Cotton Exchange submitted a form 990EZ, 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.
What is the mission statement of Lubbock Cotton Exchange?
The Lubbock Cotton Exchange's mission involves facilitating a cotton exchange, ensuring the availability of suitable spaces for business activities. It strives to establish uniformity in commercial practices across different cities and towns. Moreover, the exchange is committed to providing educational opportunities, as demonstrated by its sponsorship of an annual school aimed at educating individuals about the global cotton industry. Located in Lubbock, Texas, the exchange's activities extend beyond business operations, focusing on promoting industry knowledge and understanding.
Who is the CEO of Lubbock Cotton Exchange?
Fran Jackson is the President of Lubbock Cotton Exchange.
What is the revenue of Lubbock Cotton Exchange?
Lubbock Cotton Exchange's revenue in 2023 was $47,243.
Who are the executives of Lubbock Cotton Exchange and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Lubbock Cotton Exchange?
Lubbock Cotton Exchange's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Lubbock Cotton Exchange
The Lubbock Cotton Exchange, as a nonprofit organization, is committed to maintaining a platform for the cotton industry. Its primary objective is to provide and preserve suitable spaces for the conduct of business related to cotton, ensuring uniformity in commercial practices among various cities and towns. Additionally, the Lubbock Cotton Exchange takes an active role in educating individuals about the global cotton industry. To achieve this, it sponsors an annual school, offering comprehensive training and knowledge sharing opportunities. This educational initiative equips individuals with a deeper understanding of the cotton industry, thereby contributing to its overall growth and development.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Lubbock Cotton Exchange significantly impacts the cotton industry by serving as a centralized platform for commerce and trade in cotton. By providing suitable facilities for business transactions, it fosters a professional environment that enhances the efficiency and reliability of cotton trading. This establishment plays a crucial role in promoting uniform practices and standards, ensuring that various cities and towns adhere to consistent commercial usages, which ultimately benefits all parties involved in the cotton market.
Additionally, the Lubbock Cotton Exchange contributes to the industry's long-term success through education and training initiatives. By sponsoring an annual school focused on the global cotton industry, it equips individuals with essential knowledge and skills, fostering a well-informed workforce. This commitment to education not only empowers local communities but also strengthens the cotton industry as a whole by nurturing future leaders and innovators. Overall, the Lubbock Cotton Exchange serves as a vital hub for commerce, education, and standardization in the cotton sector, driving both local and global economic growth.
This information is meant to be a general summary of Lubbock Cotton Exchange. 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 2023.
- Investment Income: $75
- Program Service Revenue: $34,123
- Gross Receipts: $62,518
Assets and Liabilities:
- Total Assets: $300,554
- Total Liabilities: $444
- Net Assets: $300,110
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Principal Officer
Fran Jackson
Main Address
1515 TEXAS AVENUE 208, LUBBOCK, TX, 79401
NTEE Category
Code: S40 - Community improvement
If you are a representative of Lubbock Cotton Exchange and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.