Overview
What is Potential Foundation?
The Potential Foundation, located in Redford, Michigan, functions as an urban development organization. Its primary mission lies in supporting the community by providing assistance with essential needs, such as rent, food, and utilities. This nonprofit organization aims to alleviate some of the financial burdens faced by individuals and families within its community.
Is Potential Foundation legitimate?
Potential Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Potential Foundation 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
For more financial information, click here
What is the mission statement of Potential Foundation?
The Potential Foundation, as an urban development organization, is committed to assisting the community by providing aid with essential necessities such as rent, food, and utilities. Their mission is geared toward alleviating the burdens of these basic expenses for those in need, thereby contributing to the overall well-being and stability of the community. While the specific details of their activities may vary, their primary focus remains on offering support in these essential areas. The organization's mission reflects a dedication to improving the living conditions of individuals and families, thereby fostering a stronger, more resilient community.
Who is the CEO of Potential Foundation?
Bayete Milholmme is the Principal Officer of Potential Foundation.
What is the revenue of Potential Foundation?
Potential Foundation's revenue in 2020 was $15,813.
Who are the executives of Potential Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Potential Foundation?
Potential Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Potential Foundation
The Potential Foundation is a mission-driven organization that focuses on assisting its community in various ways. Specifically, it strives to help individuals and families in need by providing aid with rent, food, and utilities. By undertaking this mission, the Potential Foundation seeks to alleviate some of the financial burdens that may be preventing community members from leading stable and secure lives. The organization's efforts in this area can significantly impact the well-being of those it serves, providing them with the essential resources they need to maintain their households and focus on other aspects of their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Potential Foundation's impact lies in its critical role in assisting the community with rent, food, and utilities in Redford, MI. By providing support in these essential areas, the organization directly contributes to improving the well-being and stability of individuals and families in need. Through its work, Potential Foundation is actively working towards community improvement by addressing immediate financial challenges and helping to create a stronger, more resilient community in Redford.
This information is meant to be a general summary of Potential 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Gross Receipts: $15,813
Assets and Liabilities:
- Total Assets: $8,852
- Total Liabilities: $0
- Net Assets: $8,852
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2020
Phone
(313) 739-5239Principal Officer
Bayete Milholmme
Main Address
14282 MARSHALL DR, Redford, MI, 48240
NTEE Category
Code: S31 - Community improvement
If you are a representative of Potential Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.