Isaac And Leah M Potts Foundation Inc
- Assets
- $1.1m
- Revenue
- -$27.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Edgewater, MD
- Founding
- 06/1946
- Data as of
- 12/2022
- EIN
- 52-0794606
Organization Overview
Isaac And Leah M Potts Foundation Inc is located in Edgewater, MD. The organization was established in 1946. 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. Isaac And Leah M Potts Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2018, Isaac And Leah M Potts Foundation Inc has awarded 227 individual grants totaling $296,610. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David C Scher Treasurer & Trustee | 1 | $0 | |
Ruth L Potts President & Trustee | 1.5 | $0 | |
Johanna Potts Trustee | 0.75 | $0 | |
Elizabeth Borris Trustee | 0.75 | $0 | |
Amy Knapp Secretary & Trustee | 0.75 | $0 | |
Rachel Borris Vice President & Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,917 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $61 |
| Total Revenue | -$26,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $409 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $18,097 |
| Contributions, gifts, grants paid | $55,100 |
| Total expenses and disbursements | $73,197 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,695 |
| 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 | $64,317 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,067,925 |
| 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, Isaac And Leah M Potts Foundation Inc has awarded $55,100 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS - MAGEN DAVID ADOM PURPOSE: GENERAL SUPPORT | $500 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: GENERAL SUPPORT | $5,000 |
AMERICAN VISIONARY ART MUSEUM PURPOSE: GENERAL SUPPORT | $500 |
ANTI-DEFAMATION LEAGUE PURPOSE: GENERAL SUPPORT | $500 |
ASSOCIATED-JEWISH COMM FEDERATION OF BALTO PURPOSE: GENERAL SUPPORT | $11,000 |
BALTIMORE SYMPHONY ORCHESTRA PURPOSE: GENERAL SUPPORT | $500 |