Potters House
- Assets
- $16.1m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 148
- Location
- Wyoming, MI
- Founding
- 09/1981
- Data as of
- 06/2023
- EIN
- 38-2372676
Organization Overview
Potters House is located in Wyoming, MI. The organization was established in 1981. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, Potters House employed 148 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potters House 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 06/2023, Potters House generated $7.5m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $7.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE POTTERS HOUSE PROVIDES A CHRIST-CENTERED EDUCATION TO CHILDREN OF ALL ETHNIC HERITAGES AND INCOME LEVELS, EQUIPPING THEM TO SERVE GOD AND SOCIETY TO THEIR FULLEST POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POTTERS HOUSE IS AN ACCREDITED CHRIST-CENTERED SCHOOL LOCATED IN URBAN GRAND RAPIDS, MICHIGAN. DURING THE 2022-2023 SCHOOL YEAR WE SERVED 667 STUDENTS OF WHOM 48% ARE FROM FAMILIES WHO FALL UNDER THE FEDERAL POVERTY LINE AND 56% ARE OF AN ETHNIC MINORITY HERITAGE. PARENTS PAY TUITION BASED ON THE FAMILIES INCOME AND 78% OF FAMILIES RECEIVE SOME FORM OF FINANCIAL AID. DONATIONS FROM INDIVIDUALS, FOUNDATIONS, CHURCHES AND CORPORATIONS PROVIDE 80% OF THE REVENUE. THE POTTERS HOUSE IS DEFYING URBAN EDUCATION STATISTICS WITH A 98% HIGH SCHOOL GRADUATION RATE FOR THE PAST THREE YEARS AND 90% OF STUDENTS ATTEND COLLEGE OR A TRADE SCHOOL AFTER GRADUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Booy Superintendent | Officer | 50 | $164,753 |
John Postma Trustee | Trustee | 1 | $0 |
Vonnie Lamb Trustee | Trustee | 1 | $0 |
Zawdie Abiade Trustee | Trustee | 1 | $0 |
Jeff Olsson Trustee | Trustee | 1 | $0 |
Laurie Burgess Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $104,302 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,102,042 |
| Noncash contributions included in lines 1a–1f | $11,415 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,206,344 |
| Total Program Service Revenue | $3,164,700 |
| Investment income | $82,305 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,710 |
| Net Gain/Loss on Asset Sales | $10,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,498,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $28,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $180,384 |
| Compensation of current officers, directors, key employees. | $50,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,878,412 |
| Pension plan accruals and contributions | $63,312 |
| Other employee benefits | $697,699 |
| Payroll taxes | $279,737 |
| Fees for services: Management | $29,303 |
| Fees for services: Legal | $17,052 |
| Fees for services: Accounting | $12,865 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $386,586 |
| Advertising and promotion | $11,629 |
| Office expenses | $120,310 |
| Information technology | $61,470 |
| Royalties | $0 |
| Occupancy | $705,894 |
| Travel | $45,350 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,493 |
| Interest | $2,337 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $576,719 |
| Insurance | $49,256 |
| All other expenses | $3,214 |
| Total functional expenses | $7,857,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,938 |
| Savings and temporary cash investments | $2,081,325 |
| Pledges and grants receivable | $270,324 |
| Accounts receivable, net | $250,148 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,477 |
| Net Land, buildings, and equipment | $13,469,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,945 |
| Total assets | $16,123,253 |
| Accounts payable and accrued expenses | $599,821 |
| Grants payable | $0 |
| Deferred revenue | $78,457 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $45,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,999 |
| Total liabilities | $746,288 |
| Net assets without donor restrictions | $14,688,348 |
| Net assets with donor restrictions | $688,617 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $16,123,253 |