Herman T And Phenie R Pott Foundation
- Assets
- $27.9m
- Revenue
- $5.8m
- Investments
- $27.0m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 12/1964
- Data as of
- 12/2021
- EIN
- 43-6041541
Organization Overview
Herman T And Phenie R Pott Foundation is located in Milwaukee, WI. The organization was established in 1964. 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. Herman T And Phenie R Pott 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 12/2021, Herman T And Phenie R Pott Foundation generated $5.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 4 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.
Since 2020, Herman T And Phenie R Pott Foundation has awarded 320 individual grants totaling $4,665,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Us Bank N A Trustee | 1 | $168,408 | |
Roy T Collins Advisory Committee | 0 | $0 | |
Tom Corbet Thompson Coburn Advisory Committee | 0 | $0 | |
Mary Jane King Advisory Committee | 0 | $0 | |
John F Fechter Advisory Committee | 0 | $0 | |
Richard Rogers Advisory Committee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $630,831 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,118,206 |
| Capital Gain Net Income | $5,118,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,127 |
| Total Revenue | $5,759,164 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $168,408 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $127,198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,113 |
| Total operating and administrative expenses | $323,118 |
| Contributions, gifts, grants paid | $1,610,500 |
| Total expenses and disbursements | $1,933,618 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46 |
| Savings and temporary cash investments | $863,108 |
| 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 | $3,073,325 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,070 |
| Total assets | $27,865,530 |
| 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, Herman T And Phenie R Pott Foundation has awarded $1,610,500 in support to 110 organizations.
| Grant Recipient | Amount |
|---|---|
CHILDREN'S HOME SOCIETY OF MISSOURI PURPOSE: GENERAL OPERATING | $85,000 |
ST LOUIS MERCANTILE LIBRARY ASSOC PURPOSE: GENERAL OPERATING | $85,000 |
URBAN LEAGUE OF METRO ST LOUIS PURPOSE: GENERAL OPERATING | $60,000 |
WASHINGTON UNIVERSITY IN ST LOUIS PURPOSE: GENERAL OPERATING | $60,000 |
Bridgeton, MO PURPOSE: GENERAL OPERATING | $52,500 |
OPERATION FOOD SEARCH INC PURPOSE: GENERAL OPERATING | $52,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Charles K Blandin Foundation Grand Rapids, MN | $0 | $24,073,238 |
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |