Potters Wheel Foundation Inc
- Assets
- $14.7m
- Revenue
- $1.7m
- Investments
- $12.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/1998
- Data as of
- 03/2024
- EIN
- 13-3949433
Organization Overview
Potters Wheel Foundation Inc is located in New York, NY. The organization was established in 1998. 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. Potters Wheel 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 03/2024, Potters Wheel Foundation Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $1.1m during the year ending 03/2024. While expenses have increased by 18.1% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald B Altman Secretary/treasurer | 10 | $60,000 | |
Barbara Bruno Vice President | 1 | $0 | |
Brian D Altman Deceased April 2024 Vice President | 1 | $0 | |
Steven Schnur Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,702 |
| Dividends & Interest | $253,478 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,477,613 |
| Capital Gain Net Income | $1,477,613 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,743,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $60,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,477 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $872 |
| Total operating and administrative expenses | $239,254 |
| Contributions, gifts, grants paid | $851,384 |
| Total expenses and disbursements | $1,090,638 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $556,163 |
| 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 | $2,133,408 |
| Total assets | $14,653,513 |
| 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, Potters Wheel Foundation Inc has awarded $851,384 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES SCHWAB CHARITABLE FUND PURPOSE: GENERAL FUND | $651,384 |
PARK AVENUE CHARITABLE FUND PURPOSE: GENERAL FUND | $200,000 |