Philip E Potter Foundation
- Assets
- $6.3m
- Revenue
- $689.8k
- Investments
- $5.7m
- Employees
- 0
- Location
- Oneonta, NY
- Founding
- 04/1974
- Data as of
- 10/2023
- EIN
- 16-6169167
Organization Overview
Philip E Potter Foundation is located in Oneonta, NY. The organization was established in 1974. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philip E Potter 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 10/2023, Philip E Potter Foundation generated $689.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $880.7k during the year ending 10/2023. While expenses have increased by 5.5% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Ef Wolek Trustee | 0.5 | $14,000 | |
Corinne B Smith Trustee | 0.5 | $14,000 | |
Anne T Wolek Foundation Mgr. | 10 | $26,000 | |
Sue Anne DE Bergh Trustee | 0.5 | $14,000 | |
Sally Anne Dunleavy Trustee | 0.5 | $14,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,428 |
| Dividends & Interest | $489,092 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $184,429 |
| Capital Gain Net Income | $184,429 |
| Net ST Capital Gain | $184,429 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,850 |
| Total Revenue | $689,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $70,000 |
| Other employee salaries and wages | $77,476 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $27,495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $33 |
| Other expenses | $23,218 |
| Total operating and administrative expenses | $211,947 |
| Contributions, gifts, grants paid | $668,750 |
| Total expenses and disbursements | $880,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $500,580 |
| 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 | $27,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,274,271 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $340,250 |
| 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 | $340,250 |