The Potomac Foundation
- Assets
- $2.3k
- Revenue
- $50.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Great Falls, VA
- Founding
- 11/1989
- Data as of
- 12/2021
- EIN
- 54-1468870
Organization Overview
The Potomac Foundation is located in Great Falls, VA. The organization was established in 1989. According to its NTEE Classification (Q50) the organization is classified as: International Affairs, Foreign Policy, & Globalization, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potomac 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, Potomac Foundation generated $50.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (36.5%) each year. All expenses for the organization totaled $127.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (44.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HOSTED A SERIES OF MEETINGS AND SEMINARS TO DISCUSS DEFENSE ISSUES AND FOREIGN POLICY TOPICS WITH VARIOUS GUESTS AND EXPERTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr F N Hofer Chairman | 2 | $0 | |
Patrick Hofer Director | 2 | $0 | |
Daniel Mcdonald Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,116 |
| Interest on Savings | $0 |
| Dividends & Interest | $5 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $7,678 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $10,000 |
| Printing and publications | $0 |
| Other expenses | $101,970 |
| Total operating and administrative expenses | $127,398 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $127,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,342 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,342 |
| 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 Recieved
Over the last fiscal year, we have identified 1 grants that The Potomac Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Goyen Foundation Inc Merritt Island, FL PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Strategic And International Studies Inc Washington, DC | $192,405,087 | $46,035,402 |
Young Professionals In Foreignpolicy Washington, DC | $1,146,466 | $2,500,171 |
Teaching For Change Washington, DC | $1,235,220 | $1,592,567 |
World Affairs Council Of Washington Dc Washington, DC | $209,363 | $226,654 |
Global Village Institute Summertown, TN | $1,465,474 | $224,297 |
Adam Smith Institute Tr Rockville, MD | $53,471 | $100,120 |
The Baltimore Council On Foreign Affairs Incorporated Baltimore, MD | $125,990 | $164,726 |
Secure Families Initiative Inc Washington, DC | $68,841 | $201,193 |
The Potomac Foundation Great Falls, VA | $2,342 | $50,121 |
Center Of Concern Washington, DC | $0 | $0 |
Global Leaders Assembly Foundation Washington, DC | $32,706 | $44,323 |