Potts Family Foundation
- Assets
- $10.2m
- Revenue
- -$245.4k
- Investments
- $9.1m
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 83-6537907
Organization Overview
Potts Family Foundation is located in New Orleans, LA. The organization was established in 2019. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $161,818 |
| Net Rental Income | -$484 |
| Net Gain on Sale of Assets | -$407,774 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$245,356 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,840 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,084 |
| Total operating and administrative expenses | $104,097 |
| Contributions, gifts, grants paid | $543,144 |
| Total expenses and disbursements | $647,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,101 |
| 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 | $399,350 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,074,016 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,207,467 |
| 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, Potts Family Foundation has awarded $543,144 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GENERAL SUPPORT | $271,572 |
ANXIETY AND DEPRESSION ASSOCIATION OF PURPOSE: GENERAL SUPPORT | $271,572 |