Civic Intelligence

Potts Foundation Inc.

990EZ • Fiscal year 2023 • EIN 83-1462201

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 30, 2024

Organization ProfileN/A
131 Daymark DriveMadison, AL 35756-5902

(334) 201-8774

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

63rd percentile

11%

Higher net margin than 63% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

69th percentile

15%

Faster asset growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

91st percentile

115%

Faster revenue growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$5,886

Up $775 (+15%) from 2022

Net Assets

Up

$5,886

Up $775 (+15%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin63rd percentile

Revenue

Up

$7,088

Up $3,784 (+115%) from 2022

Expenses

Up

$6,313

Up $5,192 (+463%) from 2022

Net Income

Down

$775

Down $1,408 (-64%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth69th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0K$4.0K$2.0K$0Assets 2017: $2,000Liabilities 2017: $0Net Assets 2017: $2,0002017Assets 2018: $1,635Liabilities 2018: $0Net Assets 2018: $1,6352018Assets 2019: $1,117Liabilities 2019: $0Net Assets 2019: $1,1172019Assets 2020: $406Liabilities 2020: $0Net Assets 2020: $4062020Assets 2021: $2,928Liabilities 2021: $0Net Assets 2021: $2,9282021Assets 2022: $5,111Liabilities 2022: $0Net Assets 2022: $5,1112022Assets 2023: $5,886Liabilities 2023: $0Net Assets 2023: $5,8862023Assets 2024: $5,959Liabilities 2024: $0Net Assets 2024: $5,9592024

Highlighted filing

2023

Assets$5,886
Liabilities$0
Net Assets$5,886
Open 2023 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0K$6.0K$4.0K$2.0K$0-$2.0KRevenue 2017: $2,000Expenses 2017: $0Net Income 2017: $2,0002017Revenue 2018: $1,635Expenses 2018: $2,000Net Income 2018: -$3652018Revenue 2019: $4,770Expenses 2019: $5,288Net Income 2019: -$5182019Revenue 2020: $486Expenses 2020: $1,197Net Income 2020: -$7112020Revenue 2021: $3,049Expenses 2021: $527Net Income 2021: $2,5222021Revenue 2022: $3,304Expenses 2022: $1,121Net Income 2022: $2,1832022Revenue 2023: $7,088Expenses 2023: $6,313Net Income 2023: $7752023Revenue 2024: $1,880Expenses 2024: $1,807Net Income 2024: $732024

Highlighted filing

2023

Revenue$7,088
Expenses$6,313
Net Income$775
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 30, 2024
Return Version
2023v5.0
Gross Receipts
$7,088
Mission and Program Overview

Mission

Provision of Scholarships to Students

Program Services

DescriptionGrantsExpenses
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.--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kiara PottsExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
The Potts Foundation
EIN
83-1462201
Address
131 Daymark Drive, Madison, AL 35756-5902

Signing Officer

Name
Kiara Potts
Title
Founder
Phone
3342018774
Signed
2024-04-30
Discuss with paid preparer
No

Preparer

Firm
Vaughn Accounting Services
Address
4801 University Square 13, Huntsville, AL 35816
Preparer
MP Vaughn
Phone
2566820323
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

“Activity Educational Scholarships Grantee Scholar Recipients Amount 4,000”

Description of other expenses Part I line 16

“Description AmountAdvertising 265Meals 50Office Supplies and Software 393Other Business Expenses 25”

Raw XML Appendix125 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Kiara Potts
IRS990EZ/BooksInCareOfDetail/PhoneNum03342018774
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0131 Daymark Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Madison
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd035757
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05111
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt05886
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05171
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0775
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01580
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05111
IRS990EZ/Form990TotalAssetsGrp/EOYAmt05886
IRS990EZ/FundraisingGrossIncomeAmt01917
IRS990EZ/GrantsAndSimilarAmountsPaidAmt04000
IRS990EZ/GrossReceiptsAmt07088
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt05111
IRS990EZ/NetAssetsOrFundBalancesEOYAmt05886
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt05111
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt05886
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt06.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Kiara Potts
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Executive Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt0733
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Provision of Scholarships to Students
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Educate and Elevate Workshop:college admissions,financial aid,FAFSA, scholarships,resume creation,interview prep, communication,workplace etiquette,and professionalism.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Provide a platform for students to gain more knowledge and readiness for life after high school and college graduation via financial literacy and wellness.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2We did utilize funds to purchase gift cards for our speakers from the workshop.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt01917
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0AL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt06313
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt07088
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05171
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01837
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0486
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt015313
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt015313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05171
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01837
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0486
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04770
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt015313
IRS990ScheduleA/TotalSupportAmt015313
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Activity Educational Scholarships Grantee Scholar Recipients Amount 4,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description AmountAdvertising 265Meals 50Office Supplies and Software 393Other Business Expenses 25
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Kiara Potts
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Founder
ReturnHeader/BusinessOfficerGrp/PhoneNum03342018774
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Potts Foundation
ReturnHeader/Filer/BusinessNameControlTxt0POTT
ReturnHeader/Filer/EIN0831462201
ReturnHeader/Filer/USAddress/AddressLine1Txt0131 Daymark Drive
ReturnHeader/Filer/USAddress/CityNm0Madison
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd0357565902
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208181035
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Vaughn Accounting Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04801 University Square 13
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Huntsville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd035816
ReturnHeader/PreparerPersonGrp/PhoneNum02566820323
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MP Vaughn
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-05-02T16:17:29-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Kiara
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Potts
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,886
Liabilities
$0
Net assets
$5,886
Revenue
$7,088
Expenses
$6,313
Net income
$775
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5,959$0$5,959$1,880$1,807$73
2023Detailed filing. Detailed filing data is available for this year.$5,886$0$5,886$7,088$6,313$775
2022Detailed filing. Detailed filing data is available for this year.$5,111$0$5,111$3,304$1,121$2,183
2021Detailed filing. Detailed filing data is available for this year.$2,928$0$2,928$3,049$527$2,522
2020Detailed filing. Detailed filing data is available for this year.$406$0$406$486$1,197$711
2019Detailed filing. Detailed filing data is available for this year.$1,117$0$1,117$4,770$5,288$518
2018Detailed filing. Detailed filing data is available for this year.$1,635$0$1,635$1,635$2,000$365
2017Detailed filing. Detailed filing data is available for this year.$2,000$0$2,000$2,000$0$2,000