Public Charity

COTTON MUSEUM INC

COTTON MUSEUM INC is a Public Charity headquartered in MEMPHIS, TN. Financial data from the 2024 filing: $242K revenue, $179K expenses, $935K total assets. 9 publicly reported grants to this organization, totaling roughly $116K, appear in IRS filings.

EIN: 621828260 MEMPHIS, TN Museums NTEE: A50 Latest filing: 2024
Total Revenue$242K
Total Expenses$179K
Total Assets$935K
Grant Records9
Funding Total$116K
Filing Years2020–2024

Mission

PRESERVATON OF THE HISTORY, HERITAGE, AND CULTURE OF THE COTTON INDUSTRY IN GENERAL AND ON THE COTTON INDUSTRY'S IMPACT ON THE HISTORY, HERITAGE, AND CULTURE OF MEMPHIS, TENNESSEE. ITS PURPOSE IS TO HONOR AND PRESERVE THE HISTORICAL RECORD OF THE INDIVIDUALS, BUSINESSES, AND EVENTS THAT HAVE AFFECTED THE COTTON INDUSTRY BY PROVIDING A HISTORICALLY ACURATE AND EDUCATIONAL MUSEUM IN MEMPHIS, TENNESSEE.

Where $100 goes at Cotton Museum Inc

How Cotton Museum Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$69 Programs the work itself
$27 Management running the organization
$4 Fundraising raising the next dollar

Inside the $69 for programs

$50
Preservaton of the history, heritage, and culture of the cotton industry in general and on the cotton industry's impact on the history, heritage, and culture of Memphis, tennessee
73% of program spending
$19
Preservaton of the history, heritage, and culture of the cotton industry in general and on the cotton industry's impact on the history, heritage, and culture of Memphis, tennessee
27% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Calvin Turley
MEMBER Chip Crain
MEMBER Derita Williams
MEMBER Hope Brooks
MEMBER Kellie Prescott
MEMBER London Lamar

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$116,400 9 grants

Financial Trends

Year Revenue Expenses Assets
2024 $242K $179K $935K
2023 $129K $170K $868K
2022 $118K $194K $922K
2021 $168K $105K $1.0M
2020 $43K $124K $945K

Between 2020 and 2024, reported annual revenue grew from $43K to $242K (+461%), with total assets most recently reported at $935K.

Interactive year-over-year charts and full filing details available with membership.

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