Nonprofit · EIN 32-0238957
JOAN G AND MICHAEL R POTTER FOUNDATION
Tax-exempt (reinstated) · CHAPEL HILL, NC 27514
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $131,895 | $14,618 | $117,277 | $0 | $0 | $0 |
| December 31, 2024 | 990-PF | $298,369 | $18,511 | $279,858 | $0 | $0 | $0 |
| December 31, 2023 | 990-PF | $31,009 | $10,753 | $20,256 | $0 | $0 | $0 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $9,225
- Net gain from sales of assets
- $122,670
Expenses
- Grants and similar amounts paid
- $0
- Excise tax on investment income
- $1,705
Balance sheet and other
- Total assets, start of year
- $431,255
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Fair market value of assets
- $564,977
- Net investment income
- $122,670
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael R Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | President | 5 | $0 |
| Joan G Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Vice President | 3 | $0 |
| Michael Q Potter c/o 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Secretary | 1 | $0 |
| Daniel K Potter c/o 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael R Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | President | 5 | $0 |
| Joan G Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Vice President | 3 | $0 |
| Michael Q Potter co 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Secretary | 1 | $0 |
| Daniel K Potter co 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Treasurer | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael R Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | President | 5 | $0 |
| Joan G Potter 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Vice President | 3 | $0 |
| Michael Q Potter co 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Secretary | 1 | $0 |
| Daniel K Potter co 75 Cedar Hills Circle, Chapel Hill, NC 275141626 | Treasurer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 75 CEDAR HILLS CIR, CHAPEL HILL, NC 27514-1626
- In care of
- % MICHAEL R POTTER
- Signed the 990-PF
- MICHAEL R POTTER, President
- Phone
- (919) 967-5474
- Return prepared by
- Desert Business Services
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 32-0238957
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Youth development (O11)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $235,842
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- October 25, 2014
- Reinstated
- Effective September 15, 2014
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $131,895 | $14,618 | $0 | XML |
| 990-PF | December 2024 | $298,369 | $18,511 | $0 | XML |
| 990-PF | December 2023 | $31,009 | $10,753 | $0 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 32-0238957).
Questions about JOAN G AND MICHAEL R POTTER FOUNDATION
- What is the EIN of JOAN G AND MICHAEL R POTTER FOUNDATION?
- The employer identification number (EIN) of JOAN G AND MICHAEL R POTTER FOUNDATION is 32-0238957.
- Is JOAN G AND MICHAEL R POTTER FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective September 15, 2014.
- Are donations to JOAN G AND MICHAEL R POTTER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JOAN G AND MICHAEL R POTTER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JOAN G AND MICHAEL R POTTER FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JOAN G AND MICHAEL R POTTER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of JOAN G AND MICHAEL R POTTER FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does JOAN G AND MICHAEL R POTTER FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $131,895, expenses of $14,618 and total assets of $0 at year end.
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