Potoff Private Philanthrophy
- Assets
- $13.8m
- Revenue
- $309.5k
- Investments
- $12.3m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- Data as of
- 12/2023
- EIN
- 83-3784100
Organization Overview
Potoff Private Philanthrophy is located in Tucson, AZ. 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. Potoff Private Philanthrophy 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 12/2023, Potoff Private Philanthrophy generated $309.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Potoff Private Philanthrophy has awarded 11 individual grants totaling $2,615,235. 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 |
|---|---|---|---|
Ross H Potoff Director | 1 | $0 | |
Kathy Prather Secretary | 1 | $0 | |
William C Westcott President And Executive Director | 12 | $70,003 | |
Camille Shaw Treasurer And Assistant Executive Dire | 12 | $40,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lpl Financial | 12/30/22 | $207,975 |
Moret & Associates Advertising Llc | 12/30/22 | $75,581 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $14,008 |
| Dividends & Interest | $419,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$123,648 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $309,451 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $110,003 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,747 |
| Depreciation | $1,728 |
| Occupancy | $12,635 |
| Travel, conferences, and meetings | $6,998 |
| Printing and publications | $0 |
| Other expenses | $4,001 |
| Total operating and administrative expenses | $358,218 |
| Contributions, gifts, grants paid | $2,130,000 |
| Total expenses and disbursements | $2,488,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,545 |
| Savings and temporary cash investments | $1,080,035 |
| 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 | $14,201 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $27,297 |
| Other assets | $0 |
| Total assets | $13,774,759 |
| 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, Potoff Private Philanthrophy has awarded $2,130,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PIMA JTED FOUNDATION PURPOSE: SKILLS-BASED EDUCATION | $130,000 |
PIMA COUNTY JTED PURPOSE: VET SCIENCE CENTER BUILDING | $2,000,000 |