Potter Childrens Foundation Inc
- Assets
- $18.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Bowling Green, KY
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 61-1402203
Organization Overview
Potter Childrens Foundation Inc is located in Bowling Green, KY. The organization was established in 2002. According to its NTEE Classification (O11) the organization is classified as: Single Organization Support, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potter Childrens 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 12/2021, Potter Childrens Foundation Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $498.5k during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE FOUNDATION IS TO RAISE FUNDS AND PROVIDE ASSISTANCE FOR THE ONGOING WORKS OF POTTER CHILDREN'S HOME & FAMILY MINISTRIES, INC., A NONPROFIT ORGANIZATION THAT PROVIDES A FOSTER CARE RESIDENTIAL PROGRAM FOR CHILDREN UNDER AGE 18, AND SERVICES TO DISPLACED SINGLE PARENT FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONTRIBUTED FUNDS TO POTTER CHILDREN'S HOME & FAMILIY MINISTRIES, INC., A NONPROFIT ORGANIZATION, WHICH PROVIDES FOSTER CARE RESIDENTIAL SERVICES FOR CHILDREN UNDER AGE 18.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Crawford Chairman | OfficerTrustee | 2 | $0 |
Gene Beckner Treasurer | OfficerTrustee | 2 | $0 |
Bob Raby Secretary | OfficerTrustee | 2 | $0 |
Ray Bowman Vice-Chairma | OfficerTrustee | 2 | $0 |
Tony Emberton Fin. Adm | Officer | 2 | $0 |
Ralph Brewer Exec. Dir. | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $732,090 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $732,090 |
| Total Program Service Revenue | $0 |
| Investment income | $296,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,084 |
| Net Gain/Loss on Asset Sales | $388,751 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,425,469 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $239,851 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $6,849 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,000 |
| Advertising and promotion | $0 |
| Office expenses | $1,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $194,271 |
| Insurance | $31,046 |
| All other expenses | -$1,230 |
| Total functional expenses | $498,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,061,730 |
| Savings and temporary cash investments | $29,932 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $8,581 |
| Net Land, buildings, and equipment | $8,077,334 |
| Investments—publicly traded securities | $8,862,056 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $18,039,633 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $9,267 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,267 |
| Net assets without donor restrictions | $7,029,625 |
| Net assets with donor restrictions | $11,000,741 |
| 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 | $18,039,633 |
Endowment Analysis
| Beg. Balance | $7,586,530 |
| Earnings | $900,517 |
| Net Contributions | $253,300 |
| Ending Balance | $8,740,347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Foundation For The Childrens Home Of Cincinnati Inc Cincinnati, OH | $58,390,641 | $4,043,119 |
Great Circle Endowment Inc Saint James, MO | $55,460,013 | $5,249,746 |
Boy Scouts Of America St Louis, MO | $70,195,247 | -$2,206,788 |
Youth For Tomorrow Foundation Bristow, VA | $47,367,901 | $7,748,612 |
Kingswood Home For Children Inc Bean Station, TN | $2,438,351 | $1,525,021 |
New Life Properties Inc Cincinnati, OH | $15,361,322 | $2,643,252 |
Junior Achievement Of Northern Indiana Foundation Inc Fort Wayne, IN | $15,022,670 | $1,035,108 |
Springfield Boys Club Trust Fund For Springfield Boys Club Inc Springfield, MO | $14,210,234 | $1,815,014 |
Free Enterprise Foundation Inc Moline, IL | $3,473,914 | $356,105 |
Threads Of Hope Thrift Store Inc Crossville, TN | $1,278,132 | $751,338 |
Boy Scouts Of America Memphis, TN | $6,976,876 | $1,121,075 |
Boy Scouts Of America Saint Joseph, MO | $1,619,942 | $197,703 |