Karl Potach Foundation
- Assets
- $55.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 41-1917629
Organization Overview
Karl Potach Foundation is located in Austin, MN. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karl Potach 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, Karl Potach Foundation generated $94.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $89.1k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt S Potach President | 1 | $0 | |
Lance Pogones Secretary/treasurer | 1 | $0 | |
Robert Potach Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,333 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $63 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$4,902 |
| Other Revenue | $0 |
| Total Revenue | $94,494 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,047 |
| Other expenses | $5,241 |
| Total expenses | $89,085 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,516 |
| Other assets | $0 |
| Total assets | $55,516 |
| Total liabilities | $0 |
| Net assets or fund balances | $55,516 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Karl Potach Foundation has recieved totaling $5,150.
| Awarding Organization | Amount |
|---|---|
Jw Johnson Family Charitable Trust Scottsdale, AZ PURPOSE: MEDICAL | $5,000 |
Hormel Foods Corporation Chartible Tr Austin, MN PURPOSE: COMMUNITY SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridges Medical Center Ada, MN | $19,290,142 | $10,108,060 |
Wisconsin Hospital Association Inc Fitchburg, WI | $23,228,476 | $8,918,515 |
Seasons Hospice Rochester, MN | $9,859,927 | $8,553,990 |
Living Services Foundation Minneapolis, MN | $11,713,734 | $6,646,276 |
St Marys Innovis Health Detroit Lakes, MN | $2,694,687 | $3,918,221 |
His Hands Ministries Cedar Rapids, IA | $1,675,113 | $1,584,523 |
Jennie Edmundson Memorial Hospital Foundation Council Bluffs, IA | $6,352,475 | $1,971,079 |
African American Aids Task Force Minneapolis, MN | $389,507 | $741,872 |
M & S Clinical Services Inc Milwaukee, WI | $69,405 | $583,165 |
Plus Home Health Care Inc Bloomington, MN | $5,050 | $389,198 |
Hospital Foundation Of Crawford County Denison, IA | $506,840 | $319,297 |
Minnesota Society Of Health-System Pharmacists Minnetonka, MN | $616,552 | $241,689 |