F & M Potter Tua Memorial Fund Tr
- Assets
- $7.4m
- Revenue
- $1.0m
- Investments
- $7.3m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/2005
- Data as of
- 07/2024
- EIN
- 59-7238035
Organization Overview
F & M Potter Tua Memorial Fund Tr is located in Dallas, TX. The organization was established in 2005. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. F & M Potter Tua Memorial Fund Tr 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 07/2024, F & M Potter Tua Memorial Fund Tr generated $1.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $664.4k during the year ending 07/2024. While expenses have increased by 2.3% per year over the past 5 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.
Since 2020, F & M Potter Tua Memorial Fund Tr has awarded 15 individual grants totaling $2,254,453. 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 |
|---|---|---|---|
Bank Of America N A Co-Trustee | 1 | $111,565 | |
Hewitt Dupont Co-Trustee | 20 | $94,023 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $271,119 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $765,059 |
| Capital Gain Net Income | $765,059 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,036,178 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $205,588 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,273 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $122 |
| Total operating and administrative expenses | $221,233 |
| Contributions, gifts, grants paid | $443,181 |
| Total expenses and disbursements | $664,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $83,260 |
| 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 | $7,372,508 |
| 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, F & M Potter Tua Memorial Fund Tr has awarded $443,181 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH OF BRO PURPOSE: UNRESTRICTED GENERAL | $177,273 |
SEABREEZE UNITED CHURCH PURPOSE: UNRESTRICTED GENERAL | $132,954 |
ORMOND BEACH PRESBYTERIAN CHURCH PURPOSE: UNRESTRICTED GENERAL | $132,954 |