Potts Memorial Foundation
- Assets
- $5.3m
- Revenue
- $259.0k
- Investments
- $5.1m
- Employees
- 0
- Location
- Hudson, NY
- Founding
- 10/1948
- Data as of
- 12/2022
- EIN
- 14-1347714
Organization Overview
Potts Memorial Foundation is located in Hudson, NY. The organization was established in 1948. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potts Memorial Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Potts Memorial Foundation generated $259.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $282.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Potts Memorial Foundation has awarded 51 individual grants totaling $1,795,698. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Mcdonough PHD President | 1 | $0 | |
Donna Klose Secretary | 1 | $8,000 | |
Walt Brady Treasurer | 1 | $0 | |
Donna O'hare MD Trustee | 1 | $0 | |
Richard Gullot MD Trustee | 1 | $0 | |
Ananthakrishnan Ramani MD Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $6 |
| Dividends & Interest | $100,508 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,473 |
| Capital Gain Net Income | $158,473 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $258,987 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $412 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,062 |
| Printing and publications | $0 |
| Other expenses | $1,086 |
| Total operating and administrative expenses | $45,011 |
| Contributions, gifts, grants paid | $237,875 |
| Total expenses and disbursements | $282,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,108 |
| Savings and temporary cash investments | $215,776 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,309,579 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Potts Memorial Foundation has awarded $237,875 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COLUMBIA MEMORIAL HEALTH FOUNDATION PURPOSE: SUPPORTING THE "ADVANCING THE WORKFORCE" EDUCATION FUND FOR CERTIFIED RESPIRATORY THERAPISTS. | $18,000 |
RUTGERS NJ MEDICAL SCHOOL PUBLIC HEALTH RESEARCH INSTITUTE PURPOSE: SUPPORTING WORLD TUBERCULOSIS DAY ON 3/23/23 | $25,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: SUPPORTING "PDIM OF M. TUBERCULOSIS NEW SOLUTIONS TO PERSISTENT PROBLEM" | $50,000 |
WEILL CORNELL MEDICAL COLLEGE PURPOSE: STUDYING THE ROLE OF MACROPHAGES AND GLUCONEOGENESIS IN THE REGULATION OF MYCOBACTERIUM TUBERCULOSIS PERSISTENCE IN A MOUSE MODEL OF LATENCY | $61,875 |
UNIVERSITY OF GEORGIA PURPOSE: "EVALUATION OF THE ROLE OF MYELOID-DERIVED SUPPRESSOR CELLS IN THE IMMUNE RESPONSE TO MYCOBACTERIUM TUBERCULOSIS" | $50,000 |
ALBANY MEDICAL COLLEGE DEPT OF IMMUNOLOGY & MICROBIAL DISEASE PURPOSE: SECRETION MECHANISM OF C-DI-AMP BY MYCOBACTERIUM TUBERCULOSIS AND THE IMPACT ON EFFICACY OF THE BCG VACCINE | $33,000 |