Karl Potach Foundation
- Assets
- $65.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, MN
- Founding
- 12/1998
- Data as of
- 12/2022
- 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 12/2022, Karl Potach Foundation generated $135.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $124.7k during the year ending 12/2022. While expenses have increased by 7.2% 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 | |
Robert Potach Vice President | 1 | $0 | |
Lance Pogones Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,658 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $538 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,565 |
| Other Revenue | $0 |
| Total Revenue | $135,631 |
| 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 | $927 |
| Other expenses | $1,907 |
| Total expenses | $124,702 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,930 |
| Other assets | $0 |
| Total assets | $65,930 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,930 |