Lee Potter Family Charitable Foundation

Organization Overview

Lee Potter Family Charitable Foundation is located in Cornelius, NC. The organization was established in 2001. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Lee Potter Family Charitable 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 12/2021, Lee Potter Family Charitable Foundation generated $63.2k 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 (9.0%) each year. All expenses for the organization totaled $30.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

DONATIONS WERE MADE TO TWO 501(C)(3) ORGANIZATIONS. SEE PART XV FOR THE ORGANIZATIONS AND AMOUNTS. THERE WERE NO OTHER DIRECT CHARITABLE ACTIVITIES.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $640
Dividends & Interest $15,752
Net Rental Income$0
Net Gain on Sale of Assets $46,856
Capital Gain Net Income $46,856
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $63,248

Grants Awarded

Over the last fiscal year, Lee Potter Family Charitable Foundation has awarded $27,100 in support to 2 organizations.

Grant RecipientAmount

PROVIDENCE BAPTIST CHURCH

PURPOSE: GENERAL CHURCH ACTIVITIES

$25,100

DILWORTH SOUP KITCHEN

Org PageRecipient Profile

Charlotte, NC

PURPOSE: FEEDING THE HUNGRY

$2,000
View Grant Profile

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