Potters House
- Assets
- $16.5m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 161
- Location
- Wyoming, MI
- Founding
- 09/1981
- Data as of
- 06/2022
- 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 06/2022, Potters House employed 161 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 06/2022, Potters House generated $9.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 5.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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. WE CURRENTLY SERVE OVER 600 STUDENTS OF WHOM 60% ARE LOW INCOME AND 60% ARE OF AN ETHNIC MINORITY HERITAGE. PARENTS PAY TUITION BASED ON THE FAMILIES INCOME AND 90% 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 | $124,520 |
Cherie Schierbeek Treasurer | OfficerTrustee | 2 | $0 |
Laurie Burgess Vice-President | OfficerTrustee | 2 | $0 |
Chamonique Griffith Secretary | OfficerTrustee | 2 | $0 |
Paul Deboer President | OfficerTrustee | 2 | $0 |
Matt Hylant Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $118,229 |
| Government grants | $891,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,096,056 |
| Noncash contributions included in lines 1a–1f | $11,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,106,085 |
| Total Program Service Revenue | $3,218,166 |
| Investment income | $5,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,742 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,367,499 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $35,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,056 |
| Compensation of current officers, directors, key employees. | $41,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,523,865 |
| Pension plan accruals and contributions | $60,964 |
| Other employee benefits | $624,658 |
| Payroll taxes | $252,677 |
| Fees for services: Management | $18,941 |
| Fees for services: Legal | $20,548 |
| Fees for services: Accounting | $11,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,084 |
| Advertising and promotion | $163,249 |
| Office expenses | $130,458 |
| Information technology | $52,183 |
| Royalties | $0 |
| Occupancy | $582,198 |
| Travel | $57,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,026 |
| Interest | $32,083 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $561,149 |
| Insurance | $57,197 |
| All other expenses | $0 |
| Total functional expenses | $7,125,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,235 |
| Savings and temporary cash investments | $1,592,347 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $699,664 |
| 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 | $18,326 |
| Net Land, buildings, and equipment | $13,910,837 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,945 |
| Total assets | $16,493,354 |
| Accounts payable and accrued expenses | $587,676 |
| Grants payable | $0 |
| Deferred revenue | $77,865 |
| 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 | $48,192 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,270 |
| Total liabilities | $758,003 |
| Net assets without donor restrictions | $15,399,628 |
| Net assets with donor restrictions | $335,723 |
| 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 | $16,493,354 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Potters House has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Tony Betten Family Foundation Grand Rapids, MI PURPOSE: CHARITABLE CONTRIBUTION | $7,000 |
Falk Family Foundation Grand Rapids, MI PURPOSE: GENERAL FUND | $500 |
Endowment Analysis
| Beg. Balance | $2,160,449 |
| Earnings | -$298,261 |
| Admin Expense | $37,844 |
| Net Contributions | $358,815 |
| Grants | $118,229 |
| Ending Balance | $2,064,930 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellington School Columbus, OH | $38,979,520 | $21,884,199 |
Antioch College Corporation Yellow Springs, OH | $62,390,988 | $12,472,069 |
Greenhills School Ann Arbor, MI | $38,781,499 | $17,943,367 |
Dohn Community High School Cincinnati, OH | $3,470,956 | $16,370,625 |
St Johns Northwestern Military Academy Inc Delafield, WI | $17,393,633 | $8,781,742 |
Trinity Schools Inc South Bend, IN | $7,029,834 | $13,749,929 |
Conserve School Corporation Land O Lakes, WI | $44,507,562 | $11,154,750 |
Cuyahoga Valley Christian Academy Cuyahoga Falls, OH | $22,009,753 | $14,418,646 |
Andrews Osborne Academy Willoughby, OH | $13,357,027 | $10,983,724 |
Michigan High School Athletic Assn Inc East Lansing, MI | $9,673,954 | $13,683,517 |
National Federation Of State High School Associations Indianapolis, IN | $27,763,480 | $13,615,729 |
University High School Of Indiana Inc Carmel, IN | $16,001,704 | $9,835,543 |