Potts Family Foundation
- Assets
- $8.0m
- Revenue
- $784.7k
- Investments
- $6.3m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 73-1119767
Organization Overview
Potts Family Foundation is located in Oklahoma City, OK. The organization was established in 2000. 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. Potts Family 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, Potts Family Foundation generated $784.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $672.2k during the year ending 12/2021. While expenses have increased by 1.2% 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.
Since 2016, Potts Family Foundation has awarded 144 individual grants totaling $1,391,477. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATIVE TO THE ORGANIZATION'S MISSION OF PROVIDING SUSTAINABLE SOLUTIONS TO SOCIAL PROBLEMS IN OKLAHOMA, SUPPORTING CAPACITY BUILDING WITHIN THE NONPROFIT SECTOR, AND IMPROVING PUBLIC EDUCATION, WITH A PRIMARY FOCUS ON EARLY CHILDHOOD DEVELOPMENT
GRANTS PAID TO SECTION 501(C)(3) ORGANIZATIONS (SEE PART XV FOR RECIPIENTS, GRANT PROCESS, ETC.)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig R Knutson President/ceo | 40 | $105,504 | |
Linda J Turner Hr, Ofc Mgr | 40 | $62,074 | |
Linda S Manaugh Dir Comm/prg Supp | 40 | $61,269 | |
Patricia Potts Director | 30 | $0 | |
Paula Potts Director | 1 | $0 | |
Kathy Potts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $208,546 |
| Interest on Savings | $0 |
| Dividends & Interest | $178,424 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $393,106 |
| Capital Gain Net Income | $393,106 |
| Net ST Capital Gain | $30,264 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,598 |
| Total Revenue | $784,674 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $247,168 |
| Pension plans, employee benefits | $0 |
| Interest | $168 |
| Taxes | $32,038 |
| Depreciation | $400 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,828 |
| Printing and publications | $124 |
| Other expenses | $55,662 |
| Total operating and administrative expenses | $389,667 |
| Contributions, gifts, grants paid | $282,500 |
| Total expenses and disbursements | $672,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,288 |
| Savings and temporary cash investments | $80,504 |
| 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 | $6,268,447 |
| Net Land, buildings, and equipment | $2,233 |
| Other assets | $1,630,006 |
| Total assets | $8,006,478 |
| Accounts payable and accrued expenses | $23,664 |
| Grants payable | $140,000 |
| 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 | $163,664 |
Grants Awarded
Over the last fiscal year, Potts Family Foundation has awarded $289,500 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
Oklahoma City, OK PURPOSE: MANAGEMENT TRAINING AND CONSULTING SERVICES TO COMMUNITY NONPROFITS | $140,000 |
Hugo, OK PURPOSE: IMPROVE THE LIVES OF LOW-INCOME INDIVIDUALS AND FAMILIES THROUGH SERVICE AND COLLABORATION LEADING TO SELF-SUFFICIENCY | $12,000 |
SMART START OKLAHOMA PURPOSE: EARLY CHILDHOOD PROGRAM TO STRENGTHEN FAMILIES AND SCHOOL READINESS | $11,500 |
SUNBEAM FAMILY SERVICES PURPOSE: AFFORDABLE, QUALITY SOCIAL SERVICES TO IMPROVE INDIVIDUAL AND FAMILY FUNCTIONING | $11,000 |
Tulsa, OK PURPOSE: PROVIDE COLLABORATIVE INTERVENTION SERVICES TO CHILD ABUSE VICTIMS | $10,000 |
REACH OUT AND READ OKLAHOMA PURPOSE: PROVIDE YOUNG CHILDREN A FOUNDATION FOR SUCCESS BY INCORPORATING BOOKS INTO PEDIATRIC CARE AND ENCOURAGING FAMILIES TO READ ALOUD TOGETHER | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Potts Family Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Oklahoma Institute For Child Advocacy Oklahoma City, OK PURPOSE: AWARENESS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |