Overview
What is The Potsdam Foundation Inc?
The Potsdam Foundation Inc, based in Washington, D.C., is a nonprofit organization dedicated to fostering improved Transatlantic relations, with a specific focus on British-American and German-American ties, as well as relations with former communist states of East Germany. They achieve this goal through a series of public dialogue and educational programs designed to promote mutual understanding and shared interests. Their activities include hosting monthly online Zoom roundtables, with topics ranging from foreign policy analyses to midterm election analyses. These events aim to enhance transatlantic relations, serving as a bridge between the United States and its European partners.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating
The Potsdam Foundation Inc received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths, there are significant areas for improvement. A notable strength is its high program expense ratio of 82.7%, suggesting that the majority of its expenditures are directed towards its programs rather than administrative costs. Additionally, the organization has no material diversion of assets, which reflects positively on its financial integrity.
However, the organization faces challenges in its governance and transparency practices. Notably, it lacks independent board members, which can impact oversight and decision-making. Furthermore, the foundation has missing policies for whistleblower protection and document retention, as well as its tax form not listed on its website, indicating areas where accountability can be enhanced.
The absence of independent board members and several missing documents suggest that The Potsdam Foundation Inc needs to strengthen its governance framework to ensure greater accountability and transparency. Improving these areas could enhance trust and confidence among stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Potsdam Foundation Inc legitimate?
The Potsdam Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Potsdam Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Potsdam Foundation Inc?
The Potsdam Foundation's mission is centered around improving Transatlantic relations, specifically focusing on British-American and German-American connections, as well as relations with former Communist states of East Germany. This is achieved through public dialogue and educational programs, aiming to foster mutual understanding and common interests. The foundation believes that the Transatlantic relationship, established post-World War II, has been instrumental in providing international security, political freedom, and economic opportunities. It continues to be a crucial cornerstone for the United States' relations with Britain, Germany, and Europe, and is essential in meeting the contemporary world's needs and challenges.
What is the revenue of The Potsdam Foundation Inc?
The Potsdam Foundation Inc's revenue in 2023 was -$4,914.
Who are the executives of The Potsdam Foundation Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Potsdam Foundation Inc?
The Potsdam Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Potsdam Foundation Inc
The Potsdam Foundation Inc is committed to enhancing transatlantic relations, with a particular focus on British-American and German-American connections, as well as relations with the former communist states of East Germany. This nonprofit organization believes that the transatlantic relationship, which has been instrumental in international security, political and religious freedom, and economic opportunities since the end of World War II, serves as a cornerstone for US relations with these countries. To achieve its goal, The Potsdam Foundation Inc employs a series of public dialogue and educational programs. These initiatives are designed to foster mutual understanding and shared interests, aiming to advance and strengthen transatlantic relations.
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Impact
August, 2024
The Potsdam Foundation Inc works diligently to advance the goal of improved transatlantic relations, with a specific emphasis on British-American and German-American relations, as well as relations with the former communist states of East Germany. Through a series of public dialogue and educational programs, the foundation aims to promote mutual understanding and common interests among these nations. By facilitating monthly online Zoom roundtables and organizing events on a variety of pertinent topics, The Potsdam Foundation Inc fosters discussions that contribute to strengthening the historic transatlantic relationship. Its efforts play a crucial role in maintaining international security, political freedom, and economic opportunities in the contemporary world.
This information is meant to be a general summary of The Potsdam Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,549
- Gross Receipts: $67,842
Assets and Liabilities:
- Total Assets: $178,998
- Total Liabilities: $0
- Net Assets: $178,998
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Organization Details
Founding Year
2009
Principal Officer
Theresa Sandwith
NTEE Category
Code: B82 - Education
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