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Karl Potach Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 411917629 ✦ Austin, MN ✦ Designated as a 501(c)(3)

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Overview

What is Karl Potach Foundation?

The Karl Potach Foundation is a charitable organization situated in Austin, Minnesota. Its primary objective is to support children's cancer research and provide comfort to pediatric patients fighting the disease. One of their initiatives includes setting up fish tanks at Mayo Health System Albert Lea/Austin, serving as a source of distraction and relaxation for the young patients. Moreover, the foundation offers a Children's Cancer Research Grant to further advance medical knowledge in this field.


Official website here: www.karlpotachfoundation.com

Is Karl Potach Foundation legitimate?

Karl Potach Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Karl Potach Foundation submitted a form 990EZ, 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

For more financial information, click here


Official website here: www.karlpotachfoundation.com

What is the mission statement of Karl Potach Foundation?

The Karl Potach Foundation's mission is centered around supporting children with cancer. They strive to advance research in this field and provide comfort to affected children. This is accomplished through the maintenance of fish tanks for pediatric patients at Mayo Health System Albert Lea/Austin. Furthermore, the foundation extends its support by offering a Children's Cancer Research Grant. In essence, the Karl Potach Foundation is dedicated to contributing to children's cancer research and enhancing the well-being of pediatric cancer patients.


Official website here: www.karlpotachfoundation.com

What is the revenue of Karl Potach Foundation?

Karl Potach Foundation's revenue in 2024 was $62,898.


Official website here: www.karlpotachfoundation.com

Who are the executives of Karl Potach Foundation and what are their salaries?

Here are 3 key members and their salaries:


Kurt S Potach (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Pogones (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.karlpotachfoundation.com

Where can I find the form 990EZ for Karl Potach Foundation?

Karl Potach Foundation's most recent form 990EZ was submitted in 2024 and can be accessed here.


Official website here: www.karlpotachfoundation.com

Learn more at the official website: www.karlpotachfoundation.com

Mission Statement of Karl Potach Foundation

The Karl Potach Foundation is dedicated to supporting children's cancer research and providing comfort to pediatric patients. One of their key initiatives involves maintaining fish tanks for these young patients at Mayo Health System in Albert Lea/Austin. Beyond this, the foundation extends its support through a Children's Cancer Research Grant. By engaging in these activities, the Karl Potach Foundation seeks to make a difference in the lives of children battling cancer, offering them both physical and emotional respite during their challenging journey.

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Impact




October, 2024

The Karl Potach Foundation significantly impacts the lives of children battling cancer and contributes to the advancement of cancer research. By maintaining fish tanks for pediatric patients at Mayo Health System Albert Lea/Austin, the foundation creates a calming and healing environment for young patients, helping to alleviate stress during their treatment. This thoughtful initiative brings joy and comfort in a challenging time.

Moreover, the foundation fosters innovation and progress in pediatric oncology through its Children's Cancer Research Grant, supporting initiatives that seek to improve outcomes and develop new treatments for young cancer patients. Located in Austin, MN, the foundation is dedicated to improving the quality of life for children with cancer both through emotional support and the advancement of scientific research.




This information is meant to be a general summary of Karl Potach Foundation. 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.

Revenue
$62,898 (2024)
Expenses
$82,650 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $1,421
  • Gross Receipts: $74,543

Assets and Liabilities:

  • Total Assets: $65,930
  • Total Liabilities: $0
  • Net Assets: $65,930

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Organization Details

Principal Officer

Kurt S Potach

NTEE Category

Code: E20 - Health

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