Potts Fam Foundation Tr
- Assets
- $342.5k
- Revenue
- $56.0k
- Investments
- $266.4k
- Employees
- 0
- Location
- Naples, FL
- Founding
- 09/1997
- Data as of
- 03/2024
- EIN
- 65-6238435
Organization Overview
Potts Fam Foundation Tr is located in Naples, FL. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Potts Fam Foundation Tr 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 03/2024, Potts Fam Foundation Tr generated $56.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $74.9k during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Potts Fam Foundation Tr has awarded 93 individual grants totaling $369,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas H Potts President | 1 | $0 | |
Robert H Potts Jr VP | 0.5 | $0 | |
David L Potts Treasurer | 0.5 | $1,000 | |
Susan P Bloom VP | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $11,625 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44,423 |
| Capital Gain Net Income | $44,423 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $56,048 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $455 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,868 |
| Contributions, gifts, grants paid | $72,000 |
| Total expenses and disbursements | $74,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $76,154 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $342,528 |
| 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, Potts Fam Foundation Tr has awarded $72,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
PRINCETON UNIVERSITY PURPOSE: DONATION | $3,000 |
COMMUNITY FOUNDATION OF COLLIER CTY PURPOSE: DONATION | $1,000 |
THE HAVERFORD SCHOOL PURPOSE: DONATION | $8,500 |
THE SHIPLEY SCHOOL PURPOSE: DONATION | $15,000 |
SUMMIT FOUNDATION PURPOSE: DONATION | $2,500 |
UVA MEDICAL SCHOOL PURPOSE: DONATION | $13,000 |