2016-08-05T10:52:38-05:00 2015-12-31 BDO USA LLP 8401 GREENSBORO DRIVE SUITE 800 MCLEAN VA 22102 990 2015-01-01 620786018 COTTON INCORPORATED % DAVID BYRD COTT 9196782220 6399 WESTON PARKWAY CARY NC 27513 DAVID N BYRD SENIOR VP AND CFO 7038930600 2016-08-05 true Mike Sorrells P00001737 7038930600 2016-08-05 2015 2016-12-15 16:53:06Z DAVID N BYRD 6399 WESTON PARKWAY CARY NC 27513 77334958 false X WWW.COTTONINC.COM X 1967 TN SEE SCHEDULE O 102 102 145 102 0 77118352 77334958 0 0 -70991 -24579 0 0 77047361 77310379 437597 466000 0 0 22614356 18171377 0 0 0 57859590 58357179 80911543 76994556 -3864182 315823 18562113 17439230 17994424 16555718 567689 883512 X COTTON INCORPORATED, FUNDED BY U.S. GROWERS OF UPLAND COTTON AND IMPORTERS OF COTTON AND COTTON TEXTILE PRODUCTS, IS THE RESEARCH AND MARKETING COMPANY REPRESENTING UPLAND COTTON. THE PROGRAM IS DESIGNED AND OPERATED TO IMPROVE THE DEMAND FOR AND PROFITABILITY OF COTTON. false false agricultural research committee: Resources were diverted from longer term investments to more immediate, high-impact investments in 2015 to counter the present market. Significant program activities of the year included: U.S. cotton producers raised the bar in sustainability. Ten percent of U.S. cotton producers completed the Natural Resource Survey, which documented improvements in soil, water and fertilizer and demonstrated how stewardship is tied to increased yield. Fiber quality breakthroughs were introduced. Using breeding tools, germplasm, and trained scientists from the public sector, all of the major cotton planting seed companies now offer varieties with fiber length and strength at the top of the CCC loan premiums. Part of the support for these introductions comes from long term fiber and spinning testing by the Cotton Incorporated Product Evaluation and Product Development laboratories. Future fiber advancements are also likely with new discoveries in fiber quality: fiber length can be altered with simple pathway manipulations of vitamin C content; and spectrographic evaluation of cellulose crystallinity allows simultaneous increase in strength and elongation. "Future Farm" utilizes big data to improve field management and breeding. In 2015, the Future Farm concept was elevated with High-throughput phenotyping for cotton breeders and various management tools field tested for cotton growers. Data collected during harvest to improve ginning was evaluated and shown to be promising. Shifting microbial populations with surface residues that moderate daily temperature swings was shown to improve soil and cotton health. Several high impact deliverables advanced the breeding of higher yield cotton varieties. The week long Cotton Breeder Tour was attended by 135 people. A 64k SNP-Chip was released to facilitate marker aided breeding. The Upland cotton genome was published and immediately put to use in cotton breeding. Growers converted high yield potential varieties into bales. To support yield gain management, significant deliverables included: expanding variety testing and reporting on specialized software, increasing implementation of irrigation management in the Mid-South and South East, multiple states coordinating insect control research and outreach, and expanding information regarding soil health and fertility. We delivered resistant weed control programs for all major growing areas. University and USDA-ARS cooperators created workable resistant weed control prescriptions that include diverse herbicides, cover crops, and weed seed suppression. The cooperators also uncovered new resistance to Liberty and Reflex/Valor herbicides; created a clear understanding of cottons yield sensitivity to auxin herbicide, both rate and timing; and successfully elevated herbicide resistance stewardship within the farming and weed scientist communities. Electronic outreach was expanded with new and continuing platforms. The Cotton Cultivated Web site was launched to translate 40+ years of AERD investment into producer expertise. "Focus on Cotton" Web site further expanded in 2015 reaching 70,000 viewers since early 2013. Various university electronic outreach tools were extended across the Cotton Belt. Cotton diseases were successfully managed despite growing threats. Ongoing efforts in Fusarium, Target Spot, Verticillium, and viruses limited the damage from these diseases. Two-gene Nematode host plant resistance was released by multiple seed companies. Bacterial blight research was expanded with new technologies to detect and identify the bacteria in seed and leaves. A brush-delinting replacement for acid-delinting was introduced to cotton breeders. Acid-delinting poses a safety concern to seed, workers, and the environment. Multi-year development and testing of prototypes led to commercial adoption of breeder-scale brush-delinting. The Cotton Winter Nursery was relocated from Mexico to Costa Rica. An experienced on-site manager was hired and a suitable site was established that is safe and convenient for breeders and favorable for seed production. The ULGCS research necessary to write and submit documents for full U.S deregulation was completed. The Global Supply Chain Marketing committee consists of two divisions: Cotton Management System Software (CMS) and Global Supply Chain Marketing (GSCM). The CMS development and maintenance teams released MILLNET software updates that allowed users to handle customer requests. The core of the MILLNET 5.0 software was completed with testing and final conversion programs being targeting in 2016. The CMS teams assisted customers over 3,700 times during the year and conducted 51 service visits. CMS also added seven new MILLNET licenses representing 500,000 bales of new cotton being managed by EFS. The GSCM division conducted more than 760 meetings with 480 companies in 30 different countries during 2015. Marketing objectives for these meetings included the presentation of trend information, discussion of new technology innovations and product concepts, technical assistance, and discussion of the Cotton LEADS program and the related topic of the sustainability of U.S. cotton. In working with industry, the division executed 21 confidential disclosure agreements, 10 technology licensing agreements, and 76 trademark usage agreements for use of the Seal of Cotton or one of the many technology trademarks owned by Cotton Incorporated. Staff of GSCM participated in 17 global tradeshows and events in 2015, which resulted in opportunities to meet with over 1,400 industry contacts during these events. In addition to attending tradeshows, specific technology-scouting company visits were conducted. Marketing cotton technologies and developments for outerwear remains a priority because cotton fabrics are not typically considered suitable for outerwear apparel. Cotton is not thought to have performance attributes like repellency, wind resistance, and insulating properties. To counter these assumptions, a marketing package with information on insulating cotton fabrics was developed. The fabrications featured in this package were developed by Cotton Incorporateds Product Development team. The marketing message focuses on the technical fabric constructions and highlights performance attributes including low air permeability (indicating wind resistance) and low heat transfer (indicating insulating properties). Through two major efforts in 2015, division staff marketed the sustainability and responsible production aspects of U.S. cotton production. The first effort is the Farm Tour program, which in 2015 involved 59 attendees from 31 retailer and brand companies. The tour covers a visit to farms, direct meetings with cotton producers, a tour of a warehouse and a gin and finally, a tour of the USDA Memphis Classing facility. The second major effort to address sustainability is through participation in the Cotton LEAD program. In its second full year, the program added more than 105 partners in 2015 and now encompasses 354 partners in 25 companies. Staff in the division worked closely with the other organizations in the Cotton LEADS program to conduct six regional meetings with program partners in Shanghai, Hong Kong, Mexico City, Lima, Peru; Tokyo; and North Carolina. Lastly, the Cotton University marketing site has more than 13,500 registered users and participation from 1,977 companies. A new "Business Center" was launched in late 2015 to provide a stronger and more direct engagement with industry decision makers. Through Cotton University , webinars were offered in 2015. There were also 50 technical workshops conducted in 2015 with 1,757 industry participants representing 175 different brands and retailers. The Consumer Marketing Committee is comprised of the Consumer Marketing Division and the Corporate Strategy and Program Metrics The Consumer Marketing Committee is comprised of the Consumer Marketing Division and the Corporate Strategy and Program Metrics Division (CSPM). The Consumer Marketing Division is tasked with creating awareness of, and interest in, cotton among consumer and trade audiences. This is accomplished through an integrated platform of traditional and digital advertising, engagement with the media, and activities and events that directly contact consumers. In April, Cottons long-running celebrity-rich "The Fabric of My Life" campaign was completed. The new, highly personal and emotional campaign, "Cotton. Your Favorite for a Reason" launched immediately after the completion of the celebrity ad series. "Favorites" was based on over a year of consumer research which underscored the need to find a way to get consumers to truly care what their clothes are made of. By using 15 individuals as story-tellers, we invited consumers to hear real stories from real people talking about their affinity and relationships with their favorite cotton-rich apparel. The campaign utilized :30 second and :15 second commercials appearing on both television and online, plus a series of video 'stories' that focus on each individual story and garment separately. Recognition increased by 4% since the first wave of campaign activity to 27% averaging 26% recognition among females and 31% among fashion females. In 2015, Internet Search advertising played an increasing role as Cotton sought out opportunities to align the proper audiences with relevant content. Another critical component in the Cotton digital program was the increasing reliance on third-party media partners to produce and place cotton content on their websites and across the internet. A new trade print campaign was also produced and launched in 2015 with ads focusing on sustainability, services, innovations and consumer preference. Cotton's generic promotional program in China continued to thrive. This years videos featuring two attractive young Chinese 'key opinion leaders' achieved more than 20 million plays by mid-October. The Blue Jeans Go Green (BJGG) denim recycling program continued its long string of successful years. Sheryl Crow represented the program as spokesperson in 2015. An up and coming young celebrity, Anna Sophia Robb, also acted as a social media and media spokesperson for BJGG. In 2015 Madewell, a denim-focused retailer with over 100 outlets, initiated an ongoing denim collection program supported by marketing outreach. Public Relations (PR) was responsible for overseeing public outreach for Sheryl Crow's support of the Blue Jeans Go Green (BJGG) denim recycling program, including a memorial 10th anniversary Habitat for Humanity build of ten houses in New Orleans in mid-summer. Ms. Crow also served as a spokesperson for the program in a Satellite TV Media Tour for cotton this past spring. Other company activities were featured in continuous PR outreach along with sustainability messaging, Lifestyle Monitor articles, and reports on economic and behavioral research findings. Strategic Alliances managed a four part series of full site take-over cotton promotions on Rue La La, which is a major digital flash sale site for contemporary merchandise. The program reaches Rue La Las large (14 million+), highly targeted (young female clothing enthusiasts) consumer audience with cotton messaging and retail boutiques full of interesting, high quality cotton offerings for women, men, kids and home. The program was designed to take the Favorites theme and messaging directly to the consumer at the point of sale. CSPM led efforts to identify opportunities and threats for cotton using market intelligence data gathered through ongoing studies of consumer attitudes from the Lifestyle Monitor survey, assessments of cotton's share at retail through the Retail Monitor survey, evaluations of consumer reactions to reductions of cotton fiber content in apparel and home textiles products at retail through the Customer Comments Research study, and comprehensive global economic research and analysis. Work completed by CSPM during 2015 includes, but is not limited to the review of data on more than 100,000 products offered at retail in the U.S. in order to evaluate cotton's market share in key categories and to communicate (to internal staff) those areas that are under threat; the evaluation of 6,000 U.S. consumers to understand key trends and market opportunities for cotton products in the areas of denim, fiber substitution, online shopping, odor issues, cottonseed oil awareness and back-to-school shopping; the continued analysis of customer comment research that includes over 625,000 customer reviews, posted from 2010 to first half of 2015 on 50,000+ adult and children's apparel, home textiles, and intimate products; the management of global quantitative research to garner insights into consumers expectations for cotton in their feminine hygiene products; and the delivery of market outlook presentations related to changes in cotton prices and the impact on the supply chain in the U.S. and internationally. CSPM also designed and developed a fabric weight study to assess consumer's preferred fabric weights in their clothes as well as a new brand tracking study to measure recognition and impact of Cotton Incorporateds new ad campaign and marketing efforts. CSPM responded to nearly 200 information requests, participated in over 225 meetings and presentations, authored more than 150 publications, videos, and podcasts, and worked on more than 40 projects. 0 0 0 0 false true false false false false false false false true false false false true true true false false true true false false false false false false false true true false false false false false false false false false false false true false false true 145 0 true 145 true false true MX CH HK JA false false false false X 102 102 false false false false false false false true true false false false true true true true true true true false FL MI NY NC TN X DAVID BYRD 9196782220 6399 WESTON PARKWAY CARY NC 27513 Buddy Allen BOARD MEMBER 1.0 0.0 X 0 0 0 Albert Andel BOARD MEMBER 1.0 0.0 X 0 0 0 Lloyd Arthur BOARD MEMBER 1.0 0.0 X 0 0 0 Coley Bailey BOARD MEMBER 1.0 0.0 X 0 0 0 Allen Below BOARD MEMBER 1.0 0.0 X 0 0 0 Marvin Beyer BOARD MEMBER 1.0 0.0 X 0 0 0 Frank Bezner BOARD MEMBER 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MEMBER 1.0 0.0 X 0 0 0 Mark Wright BOARD MEMBER 1.0 0.0 X 0 0 0 J Berrye Worsham President & CEO 40.0 0.0 X 611140 0 157630 David Byrd Sr. VP & CFO 40.0 0.0 X 247224 0 87413 John Morgans VP Administration 40.0 0.0 X 201079 0 81020 Richmond Hendee SR. VP Consumer MKTG. 40.0 0.0 X 253391 0 97807 Kater Hake VP Agricultural/Env. Research 40.0 0.0 X 248348 0 119105 Mark Messura SR. VP Global Supply Chain 40.0 0.0 X 265712 0 104960 Robert Tyndall VP Prod Dev & Implem. 40.0 0.0 X 184519 0 69694 Michael Watson VP Fiber Competition 40.0 0.0 X 179072 0 80980 Kimberly S Kitchings VP., Corp. Strategy 40.0 0.0 X 161503 0 74420 Wentao Zheng Manager, EFS 40.0 0.0 X 151465 0 34970 Katsuro Ishida VP Marketing Asia 40.0 0.0 X 285400 0 16419 John Chiavacci CTO 40.0 0.0 X 149316 0 65927 2938169 0 990345 38 false true false BDO USA LLP 5430 Wade Park Blvd Suite 300 RALEIGH NC 27607 Audit/Tax Services 113058 DONALD BAILEY 7620 Rock Quarry Rd RALEIGH NC 27610 Importer Support Con 155298 THE NIELSON COMPANY 85 BROAD STREET NEW YORK NY 10014 Market Research 265700 PR NEWSWIRE ASSOCIATION 350 HUDSON ST SUITE 300 NEW YORK NY 10014 DISTRIBUTION&MONITOR 245435 HALL AND PARTNERS USA 711 3RD AVENUE 19TH FLOOR NEW YORK NY 10017 MARKET CONSULTANT 105000 5 119260 77215698 77334958 0 0 0 0 0 0 0 24579 -24579 -24579 -24579 0 0 0 0 77310379 -24579 0 466000 0 0 2706700 0 11445029 1207986 1969244 842418 3603127 149201 171616 0 0 305892 1346622 24024277 569510 564948 0 1912101 2668613 0 2241471 0 0 1567000 225534 RESEARCH & PROMOTION 13997667 0 0 0 SPONSORSHIP 1897344 0 0 0 MAINTENANCE 914589 0 0 0 GRAPHICS 871693 0 0 0 1325974 0 0 0 76994556 0 0 0 2654 2591 3769174 4254695 0 0 8713826 6933503 0 0 0 0 0 0 0 0 959643 1106670 19624838 14483067 5116816 5141771 0 0 0 0 0 0 0 0 0 0 18562113 17439230 13619685 12465198 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4374739 4090520 17994424 16555718 X 567689 883512 0 0 0 0 567689 883512 18562113 17439230 315823 X X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 2947950 2107834 840116 0 15304584 11081955 4222629 0 1372304 1293278 79026 5141771 0 DEFERRED LEASE OBLIGATION 98873 ACCRUED PENSION COST LIABILITY 3991647 4090520 X 79524636 2189678 2189678 77334958 -24579 -24579 77310379 79208813 2189678 24579 2214257 76994556 76994556 PART X, LINE 2: EXPLANATION: THE COMPANY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, EXCEPT FOR ANY UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME EARNED DURING THE YEARS ENDED DECEMBER 31, 2015 AND 2014, AND THUS, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE COMPANY ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD HAS BEEN MET. MANAGEMENT BELIEVES THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT MET THE RECOGNITION THRESHOLD IN 2015 OR 2014. THE COMPANY'S TAX RETURNS ARE OPEN FOR EXAMINATION FOR YEARS 2012 THROUGH 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF FIXED ASSETS -24,579 PART XII, LINE 2D - OTHER ADJUSTMENTS LOSS ON DISPOSAL OF FIXED ASSETS 24,579 East Asia and the Pacific 3 16 Program Services TECH & INFO SUPPORT 5471539 North America 1 4 Program Services TECH & INFO SUPPORT 1033259 Europe (Including Iceland and Greenland) 0 0 Program Services TECH & INFO SUPPORT 1546787 Middle East and North Africa 0 0 Program Services TECH & INFO SUPPORT 16399 Central America and the Caribbean 0 1 Program Services AGRICULTURAL RESEARCH 72069 4 21 4 21 8140053 8140053 false false false false false false true RESEARCH 10 466000 PART I, LINE 2: EXPLANATION: GRANTS ARE OVERSEEN BY OUR AGRICULTURAL AND ENVIRONMENTAL RESEARCH EMPLOYEES. THESE EMPLOYEES MONITOR THE PROGRESS OF THOSE RECEIVING GRANTS, INCLUDING RQUIRED COMMUNICATIONS OF THEIR PROGRESS AND SITE VISITS. X X X true true X X false true false J Berrye Worsham President & CEO 470528 0 46000 0 94612 0 113043 0 44587 0 768770 0 0 0 David Byrd Sr. VP & CFO 217781 0 22961 0 6482 0 59673 0 27740 0 334637 0 0 0 John Morgans VP Administration 176780 0 18613 0 5686 0 45290 0 35730 0 282099 0 0 0 Richmond Hendee SR. VP Consumer MKTG. 219934 0 18209 0 15248 0 59168 0 38639 0 351198 0 0 0 Kater Hake VP Agricultural/Env. Research 217938 0 20660 0 9750 0 74985 0 44120 0 367453 0 0 0 Mark Messura SR. VP Global Supply Chain 232026 0 24357 0 9329 0 64136 0 40824 0 370672 0 0 0 Robert Tyndall VP Prod Dev & Implem. 160737 0 14936 0 8846 0 46413 0 23281 0 254213 0 0 0 Michael Watson VP Fiber Competition 162115 0 11537 0 5420 0 46338 0 34642 0 260052 0 0 0 Kimberly S Kitchings VP., Corp. Strategy 144090 0 15782 0 1631 0 33941 0 40479 0 235923 0 0 0 Wentao Zheng Manager, EFS 75691 0 3342 0 72432 0 20545 0 14425 0 186435 0 0 0 Katsuro Ishida VP Marketing Asia 140790 0 32946 0 111664 0 6518 0 9901 0 301819 0 0 0 John Chiavacci CTO 135880 0 11195 0 2241 0 39695 0 26232 0 215243 0 0 0 PART I, LINE 1a A U.S. employee worked in China during 2015 and received housing as well as tax indemnification from the company during his assignment. The company also provides for business class tickets for all employees on all international trips, which include first-class tickets when domestic travel is involved on those itineraries. PART I, LINE 4 J. Berrye Worsham participates in a SERP and had contributions of $100,000 to the Plan in 2015. FORM 990, PART I, LINE 1: DESCRIPTION OF ORGANIZATION MISSION: COTTON INCORPORATED, FUNDED BY U.S. GROWERS OF UPLAND COTTON AND IMPORTERS OF COTTON AND COTTON TEXTILE PRODUCTS, IS THE RESEARCH AND MARKETING COMPANY REPRESENTING UPLAND COTTON. THE PROGRAM IS DESIGNED AND OPERATED TO IMPROVE THE DEMAND FOR AND PROFITABILITY OF COTTON. FORM 990, PART VI, SECTION B, LINE 11: EXPLANATION: THE FORM 990 IS REVIEWED IN DETAIL WITH THE COMPANY'S AUDIT COMMITTEE AFTER COMPLETION AT THE AUGUST BOARD OF DIRECTORS MEETING FOR APPROVAL PRIOR TO FILING. SUBSEQUENT TO REVIEW, THE CHAIRMAN OF THE AUDIT COMMITTEE WILL INFORM THE COMPLETE BOARD OF DIRECTORS OF THE PROCEEDINGS AND OUTCOME. FORM 990, PART VI, SECTION B, LINE 12C: EXPLANATION: ALL DIRECTORS ARE REQUIRED TO ATTEST THAT THEY ARE FREE OF ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15: EXPLANATION: An independent compensation committee determines compensation for all employees of the Company. The compensation committee engages an outside consultant to provide recommendations based on comparable pay information as well. Minutes of their meetings are maintained. FORM 990, PART VI, SECTION C, LINE 19: EXPLANATION: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST BY AN APPROPRIATE PARTY. FORM 990, PART XII, LINE 2C: EXPLANATION: THERE HAVE BEEN NO CHANGES DURING THE YEAR IN THE PROCESS FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS. FORM 990, PART III, LINE 4D: OTHER PROGRAM SERVICES OTHER PROGRAM SERVICES INCLUDE research and development AND CORPORATE SERVICES. Trolinder Trust Fund 6399 Weston Parkway Cary NC 27513 306017258 Cotton biotec NC 501(c)(3) 11c NA false false false false false false false false false false false false false true false false false false false false