Joe And Jennifer Potts Family Foundation
- Assets
- $251.8k
- Revenue
- $166.4k
- Investments
- $53.0k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-3687242
Organization Overview
Joe And Jennifer Potts Family Foundation is located in Tulsa, OK. The organization was established in 2019. 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. Joe And Jennifer 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, Joe And Jennifer Potts Family Foundation generated $166.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.8% each year . All expenses for the organization totaled $35.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JOE AND JENNIFER POTTS FAMILY FOUNDATION IS A PRIVATE FOUNDATION. IT ACCOMPLISHES ITS CHARITABLE PURPOSES SOLELY THROUGH A PROGRAM OF MAKING CHARITABLE GIFTS AND GRANTS AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM-RELATED INVESTMENTS. ALL ADMINISTRATIVE EXPENSES WERE INCURRED IN THE ADMINISTRATION OF INVESTMENTS, AND THEREFORE NO EXPENSES HAVE BEEN ALLOCATED TO GRANT-MAKING ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Potts Director | 0 | $0 | |
Jennifer Potts Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $120,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,355 |
| Capital Gain Net Income | $42,355 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $166,372 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,352 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $777 |
| Printing and publications | $0 |
| Other expenses | $379 |
| Total operating and administrative expenses | $2,508 |
| Contributions, gifts, grants paid | $32,928 |
| Total expenses and disbursements | $35,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $920 |
| Savings and temporary cash investments | $197,910 |
| 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 | $251,796 |
| 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, Joe And Jennifer Potts Family Foundation has awarded $32,928 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOLLAND HALL PURPOSE: SUPPORT FOR OPERATIONS | $2,500 |
MARQUETTE HOME AND SCHOOL ASSOCIATION PURPOSE: SUPPORT FOR OPERATIONS | $2,050 |
ONECAUSE PURPOSE: SUPPORT FOR OPERATIONS | $51 |
PHILBROOK MUSEUM OF ART PURPOSE: SUPPORT FOR OPERATIONS | $25,150 |
STREET SCHOOL PURPOSE: SUPPORT OF OPERATIONS | $600 |
TULSA OPERA PURPOSE: SUPPORT FOR OPERATIONS | $2,500 |