POTENTIAL FOUNDATION
REDFORD,
Michigan,
48239
EIN: 84-4525080
Community Improvement, Capacity Building
MISSION
An organization formed to provide emotional, social, and economic support to low- income communities. The Potential Foundation currently hosts a back to school charity drive, a turkey drive during the holiday season, and a scholarship comedy-show.
DEMOGRAPHIC
ADDRESS
14282 MARSHALL DR
48239
COUNTY
wayne county, MI
IN CARE OF NAME
BAYETE MILHOMME
ORGANIZATIONAL OVERVIEW & RANKINGS
POTENTIAL FOUNDATION is a based in REDFORD, MI, focused on Community Improvement, Capacity Building causes , specifically Urban, Community Economic Development. Established in March 2020, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $8,852.00, this ranks 699,960 among 2,656,690 nonprofits nationally (Top 27%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 19,319 out of 79,991 organizations in MI (Top 25%).
In wayne county, MI, the organization ranks 3,043 out of 13,625 nonprofits by assets (Top 23%), while locally in redford, it stands at 49 among 328 organizations (Top 13%).
The organization reported annual revenue of $15,813.00, ranking 573,582 nationally (Top 22%) and 16,261 in MI (Top 21%).
Within its specific NTEE classification (S31 - S: Community Improvement, Capacity Building), which includes 2,490 similar organizations, POTENTIAL FOUNDATION ranks 879 in assets (Top 36%) and 826 in revenue (Top 34%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2024 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S31: Urban, Community Economic Development
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Note: A current revocation appears on the IRS revocation list
Revoked: Wednesday, May 15, 2024;
IRS STATEMENT:
"Important note: Just because an organization appears on this list, it does not
mean the organization is currently revoked, as they may have been reinstated."
You may confirm an organization's status by calling the IRS (toll-free) at 1-877-829-5500.
TAX PERIOD
12/2020
ACCOUNTING PERIOD
12
INCOME CODE
2: $10,000 to $24,999
INCOME AMOUNT
$15,813.00
FORM 990 REVENUE AMOUNT
$15,813.00
RULING DATE
03/2020
ASSET CODE
1: $1 to $9,999
ASSET AMOUNT
$8,852.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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