Maddie Potts Foundation
- Assets
- $942.4k
- Revenue
- $147.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, RI
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-3605410
Organization Overview
Maddie Potts Foundation is located in Richmond, RI. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Maddie Potts 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, Maddie Potts Foundation generated $147.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $21.1k during the year ending 12/2021. 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
TO CARRY ON MADDIE'S LEGACY OF KINDNESS, HARD WORK, INCLUSIVE LEADERSHIP AND PERSEVERANCE, AKA MADDIE MENTALITY, MAKING CHARITABLE DONATIONS, AWARDS AND SCHOLARSHIPS IN FOSTERING EDUCATION AMONG STUDENT ATHLETES AS WELL AS POSITIVE COACHING SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISED FUNDS TO BUILD THE MADDIE POTTS MEMORIAL FIELD HOUSE. BUILD SCHEDULED FOR COMPLETION AUGUST 2022.
NINETEEN SCHOLARSHIPS RANGING FROM 111 TO 1,137 PER RECIPIENT
GRANT OF 3,000 WAS MADE TO CHARIHO REGIONAL SCHOOL DISTRICT BOYS AND GIRLS LACROSSE INDOOR TRAINING PROGRAM. DONATION TO THE POLICE UNITY TOUR RHODE ISLAND CONTINGENT IN THE AMOUNT OF 211 WAS MADE. FINANCIAL ASSISTANCE IN THE AMOUNT OF 4,303 TO COVER FUNERAL EXPENSES OF DECEASED FOUNDATION VOLUNTEER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Potts Vice Preside | Officer | 20 | $0 |
Melissa Dejoseph Treasurer | Officer | 10 | $0 |
Stephanie Potts President | Officer | 40 | $0 |
Vicki Rinne Secretary | Officer | 10 | $0 |
Melissa Allamby Trustee/dire | Trustee | 2 | $0 |
Joni Fortin Trustee/dire | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,719 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $110,719 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $36,324 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,043 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,211 |
| Grants and other assistance to domestic individuals. | $10,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $4,303 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,153 |
| 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 | $642 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,461 |
| All other expenses | $157 |
| Total functional expenses | $21,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $642,646 |
| Savings and temporary cash investments | $0 |
| 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 | $15,380 |
| Prepaid expenses and deferred charges | $284,342 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $942,368 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $311,000 |
| Secured mortgages and notes payable | $24,358 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $335,358 |
| Net assets without donor restrictions | $607,010 |
| Net assets with donor restrictions | $0 |
| 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 | $942,368 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Maddie Potts Foundation has recieved totaling $138,714.
| Awarding Organization | Amount |
|---|---|
Ocean State Job Lot Charitable Foundation North Kingstown, RI PURPOSE: PROGRAM OPERATION | $107,793 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $12,290 |
Employee Community Services Association North Kingstown, RI PURPOSE: GENERAL SUPPORT | $10,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,974 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magaro Family Foundation Inc Danbury, CT | $30,477,702 | $229,929 |
Cooperative Fund Of New England Inc Watertown, MA | $43,843,231 | $2,931,121 |
Rodman For Kids Inc Foxborough, MA | $1,043,014 | $2,731,419 |
Bridges Impact Foundation Boston, MA | $482,504 | $401,774 |
Crawford Idema Fam Foundation Inc Concord, MA | $7,166,597 | $615,407 |
Billy Andrade-Brad Faxon Charities For Children Inc Providence, RI | $2,004,181 | $287,290 |
Adaptiv Inc Beverly, MA | $271,240 | $462,023 |
Gerald & Judith Feldman Charitable Foundation Canton, MA | $5,602,877 | $347,277 |
El Buen Samaritano Food Program Inc Worcester, MA | $34,075 | $304,125 |
Golden Hill Foundation Inc Shelton, CT | $974,326 | $244,004 |
Spur Inc Marblehead, MA | $302,117 | $302,232 |
Heart Warrior Foundation Winchendon, MA | $85,676 | $173,438 |