Potts Family Foundation
- Assets
- $6.8m
- Revenue
- $459.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 73-1119767
Organization Overview
Potts Family Foundation is located in Oklahoma City, OK. The organization was established in 2000. 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. Potts Family 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 12/2022, Potts Family Foundation generated $459.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $696.2k during the year ending 12/2022. While expenses have increased by 1.8% 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.
Since 2016, Potts Family Foundation has awarded 176 individual grants totaling $1,674,477. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATIVE TO THE ORGANIZATION'S MISSION OF PROVIDING SUSTAINABLE SOLUTIONS TO SOCIAL PROBLEMS IN OKLAHOMA, SUPPORTING CAPACITY BUILDING WITHIN THE NONPROFIT SECTOR, AND IMPROVING PUBLIC EDUCATION, WITH A PRIMARY FOCUS ON EARLY CHILDHOOD DEVELOPMENT
GRANTS PAID TO SECTION 501(C)(3) ORGANIZATIONS (SEE PART XV FOR RECIPIENTS, GRANT PROCESS, ETC.)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Potts Director | 20 | $0 | |
Kathy Potts Director | 1 | $0 | |
Paula Potts Director | 1 | $0 | |
Amanda Johnson Director | 1 | $0 | |
Marnie Taylor Director | 1 | $0 | |
Larry Potts Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $204,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,756 |
| Capital Gain Net Income | $85,756 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,038 |
| Total Revenue | $459,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $254,981 |
| Pension plans, employee benefits | $0 |
| Interest | $145 |
| Taxes | $28,288 |
| Depreciation | $400 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,650 |
| Printing and publications | $400 |
| Other expenses | $76,572 |
| Total operating and administrative expenses | $413,170 |
| Contributions, gifts, grants paid | $283,000 |
| Total expenses and disbursements | $696,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,184 |
| Savings and temporary cash investments | $131,230 |
| 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 | $4,342 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,048,658 |
| Net Land, buildings, and equipment | $1,833 |
| Other assets | $1,424,282 |
| Total assets | $6,825,529 |
| Accounts payable and accrued expenses | $13,380 |
| Grants payable | $140,000 |
| 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 | $153,380 |
Grants Awarded
Over the last fiscal year, Potts Family Foundation has awarded $283,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA CENTER FOR NONPROFITS PURPOSE: MANAGEMENT TRAINING AND CONSULTING SERVICES TO COMMUNITY NONPROFITS | $140,000 |
CHILD ABUSE NETWORK PURPOSE: PROVIDE COLLABORATIVE INTERVENTION SERVICES TO CHILD ABUSE VICTIMS | $10,000 |
UNION SCHOOLS EDUCATION FOUNDATION PURPOSE: SUPPORT UNION PUBLIC SCHOOLS, ITS VISION, AND THE STUDENTS IT SERVES. | $2,500 |
HOPE IS ALIVE PURPOSE: CHANGE THE LIVES OF DRUG ADDICTS, ALCOHOLICS, AND THOSE THAT LOVE THEM THROUGH HELP LINES, MENTORING, SUPPORT GROUPS, AND TREATMENT PLACEMENT | $1,000 |
OKLA PARTNERSHIP FOR SCHOOL READINE PURPOSE: EARLY CHILDHOOD PROGRAM TO STRENGTHEN FAMILIES AND SCHOOL READINESS | $5,000 |
OAK HALL EPISCOPAL SCHOOL PURPOSE: PROMOTE INTELLECTUAL, CREATIVE, PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL GROWTH OF STUDENTS IN THE EPISCOPAL TRADITION | $1,000 |