Potts Foundation Inc
- Assets
- $5.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, AL
- Founding
- 12/2018
- Data as of
- 12/2022
- EIN
- 83-1462201
Organization Overview
Potts Foundation Inc is located in Madison, AL. The organization was established in 2018. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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 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.
For the year ending 12/2022, Potts Foundation Inc generated $3.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.7% each year.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL SCHOLARHIPS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,837 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,467 |
| Other Revenue | $0 |
| Total Revenue | $3,304 |
| 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 | $85 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,036 |
| Total expenses | $1,121 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,111 |
| Other assets | $0 |
| Total assets | $5,111 |
| Total liabilities | $0 |
| Net assets or fund balances | $5,111 |