Nonprofit · EIN 83-1462201
POTTS FOUNDATION INC
Tax-exempt · MADISON, AL 35756
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $1,880 | $1,807 | $73 | $5,959 | $0 | $5,959 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,880
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $100
- Other expenses
- $1,707
Balance sheet and other
- Total assets, start of year
- $5,886
- Total assets, end of year
- $5,959
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,959
- Cash, savings and investments
- $5,959
- Gross receipts
- $1,880
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kiara Potts | Executive Director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 131 DAYMARK DR, MADISON, AL 35756-5902
- In care of
- % KIARA POTTS
- Signed the 990-EZ
- KIARA POTTS, Founder
- Phone
- (334) 201-8774
- Return prepared by
- Vaughn Accounting Services
Mission
Provision of Scholarships to Students
Program accomplishments
- The Educate and Elevate Workshop:college admissions,financial aid,FAFSA, scholarships,resume creation,interview prep, communication,workplace etiquette,and professionalism.
- Provide a platform for students to gain more knowledge and readiness for life after high school and college graduation via financial literacy and wellness.
- We did utilize funds to purchase gift cards for our speakers from the workshop.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-1462201
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $5,959
- Income (IRS master file)
- $1,880
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | – | – | – | IRS |
| 990-EZ | December 2023 | $7,088 | $6,313 | $5,886 | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about POTTS FOUNDATION INC
- What is the EIN of POTTS FOUNDATION INC?
- The employer identification number (EIN) of POTTS FOUNDATION INC is 83-1462201.
- Is POTTS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to POTTS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POTTS FOUNDATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of POTTS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POTTS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of POTTS FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does POTTS FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $1,880, expenses of $1,807 and total assets of $5,959 at year end.
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All nonprofits in MADISON · Alabama · Philanthropy, voluntarism and grantmaking foundations