Karl Potach Foundation in Austin, Minnesota (MN)
Table of contents:
| Karl Potach Foundation | |
| Employer Identification Number (EIN) | 411917629 |
| Name of Organization | Karl Potach Foundation |
| In Care of Name | Evan H Larson |
| Address | 2217 17th St Se, Austin, MN 55912-5863 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Other scientific research activities |
| Subsection | Charitable Organization |
| Ruling Date | 12/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $50,380 |
| Amount of Income | $84,976 |
| Form 990 Revenue Amount | $63,280 |
| National Taxonomy of Exempt Entities (NTEE) | Health - General and Rehabilitative: Hospitals and Related Primary Medical Care Facilities |
Non-representatives - add comments:
Amount of income in 2013: $84,976 (it was $101,933 in 2012)
| This organization: | $84,976 |
| Other organizations performing similar types of work: | $6,375,943 |
Assets in 2013: $50,380 (it was $49,842 in 2012)
| Karl Potach Foundation: | $50,380 |
| Other organizations performing similar types of work: | $3,096,979 |
Expenses in 2013: $62,742
| Karl Potach Foundation: | $62,742 |
| Other organizations performing similar types of work: | $6,363,536 |
Income to expenses ratio in 2013: 1.4
| This organization: | 1.4 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 97.7%
| This organization: | 97.7% |
| Other organizations performing similar types of work: | 0.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $75,069 | $70,658 | $63,280 |
| Contributions, gifts, grants, and similar amounts received | $62,457 | $68,186 | $61,849 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $2 | $2 | $2 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $12,610 | $2,470 | $1,429 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $34,660 | $33,745 | $23,125 |
| Less: direct expenses from gaming and fundraising events | $22,050 | $31,275 | $21,696 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $59,818 | $77,988 | $62,742 |
| Total net assets | $57,172 | $49,842 | $50,380 |
| Excess/Deficit for the year | $15,251 | $-7,330 | $538 |
| Net assets or fund balances at beginning of year | $41,921 | $57,172 | $49,842 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $49,842 | $50,380 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $57,172 | $49,842 | $50,380 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $57,172 | $49,842 | $50,380 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $293,741 |
| Subtotal Support | $338,369 |
| Gifts, grants, contributions, and membership fees received | $338,369 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $44,628 |
| Total Support | $338,388 |
| Public Support | $338,369 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $19 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $128,118 |
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| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Scott & White Hospital Round Rock | 2401 S 31st St, Temple, TX 76508-0001 | TX | 2006-02 | $144,415,293 |
| 2 | Saint Francis Hospital South Llc, Heart Hospital Of Saint Francis | 6600 S Yale Ave Ste 400, Tulsa, OK 74136-3319 | OK | 2008-01 | $86,261,555 |
| 3 | Wheaton Franciscan Healthcare-Franklin Inc | 10101 S 27th St, Franklin, WI 53132-7209 | WI | 2006-11 | $68,978,780 |
| 4 | West 380 Family Care Facility, North Texas Community Hospital | 1905 Doctors Hospital Dr, Bridgeport, TX 76426-2260 | TX | 2003-03 | $18,654,152 |
| 5 | Wamego Hospital Association, Wamego City Hospital | 711 Genn Dr, Wamego, KS 66547-1179 | KS | 2003-06 | $7,683,999 |
| 6 | Avera Marshall | 300 S Bruce St, Marshall, MN 56258-1934 | MN | 1981-12 | $61,738,731 |
| 7 | Centracare Health System Sauk Centre | 425 Elm St N, Sauk Centre, MN 56378-1010 | MN | 2012-10 | $18,324,741 |
| 8 | Central Minnesota Emergency Physicians | 1406 - 6ih Ave N, Stcloud, MN 56303 | MN | 1993-03 | $11,990,758 |
| 9 | Midwest Medical Equipment & Supplies Inc | 4418 Haines Road, Duluth, MN 55811-1514 | MN | 1999-09 | $10,783,853 |
| 10 | Ramsey Integrated Health Services | PO BOX 1309, Minneapolis, MN 55440-1309 | MN | 2001-12 | $7,823,222 |
| 11 | Bridges Medical Center, Essentia Health Ada Clinic | 503 E 3rd St, Duluth, MN 55805-1905 | MN | 2004-10 | $7,528,450 |
| 12 | Seasons Hospice | 1696 Greenview Drive Sw, Rochester, MN 55902-1363 | MN | 1996-05 | $4,839,492 |
| 13 | St Marys Innovis Health | 1027 Washington Avenue, Detroit Lakes, MN 56501-3409 | MN | 2010-02 | $3,493,975 |
| 14 | Living Services Foundation | 900 Long Lake Rd Ste 130, New Brighton, MN 55112-6439 | MN | 2000-06 | $2,793,222 |
| 15 | Big Lake Clinic | PO BOX 539, Big Lake, MN 55309-0539 | MN | 2008-07 | $1,040,090 |
| 16 | African American Aids Task Force | 2400 Park Ave, Minneapolis, MN 55404-3713 | MN | 1996-01 | $501,695 |
| 17 | Plus Home Health Care Inc | 8932 Old Cedar Ave S, Bloomington, MN 55425-2049 | MN | 1995-02 | $250,723 |
| 18 | Iheart Foundation | 3055 Magnolia Ln N, Plymouth, MN 55441-2858 | MN | 2014-08 | $0 |
| 19 | Motley Area Food Shelf | P O Box 525, Motley, MN 56466 | MN | 1996-05 | $0 |
| 20 | United Hospital District Inc | 515 S Moore St, Blue Earth, MN 56013 | MN | 2014-02 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 823 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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