EIN 86-3153051

Potomac Institute

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
Year formed
2022
Most recent tax filings
2023-05-01
NTEE code, primary
Description
Potomac Institute is a private foundation located in Rockville, MD that primarily funds to further charitable causes such as the Potomac Chinese School (PCS) Teachers Fund. Established in 1976, PCS was a community based educational organization. Additionally, Potomac Institute made six grants last year to grantees including the China Music Foundation and others.
Total revenues
$191,608
2023
Total expenses
$54,083
2023
Total assets
$244,179
2023
Num. employees
n/a

Program areas at Potomac Institute

Potomac chinese school (pcs) teachers fund. Pcs was a community based educational organization established in 1976 in Potomac, md. Pcs operates weekly language classes every sunday during the school year. Since 2021, pi has a commitment to support pcs operations over the years.
Potomac series of music presentations are ad hoc programs by community-based musicians and experts. It has been hosting popular musical events in various venues in lanham and rockville, md. Pi plans to continue funding like programs in the greater Washington area (including dc, md, va).
Pi contributed to boys and girls club, fullerton, ca in memory of brig owens.

Grants made by Potomac Institute

GranteeGrant descriptionAmount
Strathmore Hall FoundationTo Further Charitable Cause$13,989
Greater Washington Chinese DanceTo Further Charitable Cause$1,000

Personnel at Potomac Institute

NameTitleCompensation
Weiguo ZhangPresident$0

Financials for Potomac Institute

RevenuesFYE 05/2023
Total grants, contributions, etc.$190,000
Investment income and dividends$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Gross sales of inventory$1,608
Miscellaneous revenues$0
Total revenues$191,608

Form 990s for Potomac Institute

Fiscal year endingDate received by IRSFormPDF link
2023-052023-09-28990PFView PDF
2022-052023-09-28990PFView PDF
2021-052023-09-28990PFView PDF
Data update history
December 4, 2023
Posted financials
Added Form 990PF for fiscal year 2023
December 4, 2023
Posted financials
Added Form 990PF for fiscal year 2021
December 2, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 1, 2023
Updated personnel
Identified 5 new personnel
November 27, 2023
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
Education
Characteristics
Provides grantsCommunity engagement / volunteeringTax deductible donationsNo full-time employees
General information
Address
6201 Poindexter LN
Rockville, MD 20852
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Phone
(202) 246-8818
IRS details
EIN
86-3153051
Fiscal year end
May
Taxreturn type
Form 990-PF
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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