Potomac Charismatic Community Inc
- Assets
- $2.0m
- Revenue
- $188.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Gaithersburg, MD
- Founding
- 05/1972
- Data as of
- 06/2022
- EIN
- 23-7139741
Organization Overview
Potomac Charismatic Community Inc is located in Gaithersburg, MD. The organization was established in 1972. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2022, Potomac Charismatic Community Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac Charismatic Community Inc 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 06/2022, Potomac Charismatic Community Inc generated $188.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $242.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC RELIGIOUS FORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY LIFE/SCHOOL YOUTH PROGRAMS - TO FOSTER THE SPIRITUAL GROWTH CATECHESIS, AND FRATERNAL BONDS FOR THE MEMBERS.
OUTREACH - PROGRAMS THAT SERVE THE NEIGHBORING COMMUNITY AND FOREIGN MISSIONS WITH FINANCIAL AND SPIRITUAL SUPPORT. PROGRAMS INCLUDE SCHOLARSHIPS, MISSIONS AND WPI.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Stief Community Admin | 32 | $35,222 | |
Thomas L Singer President | Officer | 20 | $0 |
Richard Mckinney Vice President | Officer | 2 | $0 |
Dawn Glennon Secretary | Officer | 2 | $0 |
Don James Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $88,854 |
| Noncash contributions included in lines 1a–1f | $1,831 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,854 |
| Total Program Service Revenue | $55,675 |
| Investment income | $8,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,703 |
| Net Gain/Loss on Asset Sales | -$1,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $188,567 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,222 |
| Compensation of current officers, directors, key employees. | $35,222 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,037 |
| Payroll taxes | $2,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,705 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,783 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,480 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,444 |
| Insurance | $7,364 |
| All other expenses | $0 |
| Total functional expenses | $242,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,359 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,394 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,688,953 |
| Investments—publicly traded securities | $140,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,980,742 |
| Accounts payable and accrued expenses | $22,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,234 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,958,508 |
| Total liabilities and net assets/fund balances | $1,980,742 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Joint Aid Management Washington, DC | $746,764 | $14,702,645 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Physician Assistant Education Association Washington, DC | $20,449,567 | $13,289,693 |
The Lutheran Home At Kane Kane, PA | $8,299,845 | $10,193,303 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Little Sisters Of The Poor Of The City And County Of Philadelphia Philadelphia, PA | $10,759,268 | $7,956,134 |
International Service Fellowship Usa Upper Darby, PA | $20,365,794 | $7,523,822 |
Sojourners Washington, DC | $8,156,798 | $7,188,761 |
Society Of St Vincent De Paul Central Council Of Pittsburgh Pittsburgh, PA | $5,352,791 | $6,782,578 |
Jubilee Ministries Lebanon, PA | $10,567,390 | $8,013,168 |