STRATEGY STUDIO / PUBLIC DATA EXPLORER

THE POTOMAC TRUST INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
THE POTOMAC TRUST INC (EIN 46-3579033)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-02-25
IRS object ID
201940569349300814
Schema version
2018v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-02-25T11:49:49-06:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN521999052PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1ASKEY ASKEY & ASSOCIATES CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 662AddressLine1Txt
CityLEONARDTOWNCityNm
State AbbreviationMDStateAbbreviationCd
ZIP206500662ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN463579033EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SCOTLAND STORM COMMUNITYBusinessNameLine1Txt
Business Name Line2DEVELOPMENT INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlSCOTBusinessNameControlTxt
Phone3019832758PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18516 BEECH TREE ROADAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20817ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTOPHER MEADPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone3019832758PhoneNum
Signature2019-02-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJANICE E ROHME CPAPreparerPersonNm
PTINP00059614PTIN
Phone3014755671PhoneNum
Preparation2019-02-11PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address167.68.16.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-02-25IPDt
IP Tm11:49:49IPTm
IP TimezoneCSIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id67230CC400BB23F1FE92A45E7CEEFAE9C7197272AtSubmissionCreationDeviceId
At Submission Filing Device Id77D71ED6ADEA0495973AF0BFF4723F6679972267AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTOPHER MEADPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line18516 BEECH TREE ROADAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20817ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$239,568GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.SCOTLANDSTORM.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2013FormationYr
Legal Domicile StateMDLegalDomicileStateCd
Activity Or MissionTO PROMOTE COMMUNITY DEVELOPMENT AND ENHANCE EDUCATIONAL LIFE OPPORTUNITIES FOR YOUTH, THE UNDERPRIVILEGED, AND THE UNDERSERVED, THROUGH A COMBINATION OF CREATIVE FUNDING, SPONSORSHIP, AND ENCOURAGEMENT OF SPORTING, RECREATIONAL, AND EDUCATIONAL PROGRAMS.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent1VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$212,272PYContributionsGrantsAmt
CY Contributions Grants$238,797CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$176PYInvestmentIncomeAmt
CY Investment Income$642CYInvestmentIncomeAmt
PY Other Revenue$51PYOtherRevenueAmt
CY Other Revenue$129CYOtherRevenueAmt
PY Total Revenue$212,499PYTotalRevenueAmt
CY Total Revenue$239,568CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$182,386PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$193,877CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$16,803CYTotalFundraisingExpenseAmt
PY Other Expenses$41,461PYOtherExpensesAmt
CY Other Expenses$45,629CYOtherExpensesAmt
PY Total Expenses$223,847PYTotalExpensesAmt
CY Total Expenses$239,506CYTotalExpensesAmt
PY Revenues Less Expenses-$11,348PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$62CYRevenuesLessExpensesAmt
Total Assets BOY$42,692TotalAssetsBOYAmt
Total Assets EOY$42,754TotalAssetsEOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$42,692NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$42,754NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROMOTE COMMUNITY DEVELOPMENT AND ENHANCE EDUCATIONAL LIFE OPPORTUNITIES FOR YOUTH, THE UNDERPRIVILEGED, AND THE UNDERSERVED, THROUGH A COMBINATION OF CREATIVE FUNDING, SPONSORSHIP, AND ENCOURAGEMENT OF SPORTING, RECREATIONAL, AND EDUCATIONAL PROGRAMS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$191,810ExpenseAmt
DescPROVIDED FREE OF CHARGE AFTER SCHOOL AND SUMMER SPORTS AND ACADEMIC TUTORING TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN WHO RESIDE IN A SUBSIDIZED HOUSING COMMUNITY.Desc
Total Program Service Expenses$191,810TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredfalseScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee7EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member1IndependentVotingMemberCnt
Family Or Business RlnYes (true)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldMDStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonLAUREN MEADPersonNm
Phone3019832758PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line18516 BEECH TREE ROADAddressLine1Txt
CityBETHESDACityNm
State AbbreviationMDStateAbbreviationCd
ZIP20817ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (4 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHRISTOPHER MEAD
PRESIDENT5.00Yes (X)Yes (X)$0$0$0
LAUREN MEAD
VP, CFO TREA20.00Yes (X)Yes (X)$0$0$0
MARK LONDON
MEMBER1.00Yes (X)$0$0$0
CHARLES SALCETTI
MEMBER1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$31,833GovernmentGrantsAmt
All Other Contributions$206,964AllOtherContributionsAmt
Total Contributions$238,797TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$642TotalRevenueColumnAmt
Exclusion$642ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescMISCELLANEOUSDesc
Total Revenue Column$129TotalRevenueColumnAmt
Exclusion$129ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$129OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$239,568TotalRevenueColumnAmt
Exclusion$771ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$179,580TotalAmt
Program Services$148,780ProgramServicesAmt
Management And General$15,400ManagementAndGeneralAmt
Fundraising$15,400FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$14,297TotalAmt
Program Services$11,845ProgramServicesAmt
Management And General$1,226ManagementAndGeneralAmt
Fundraising$1,226FundraisingAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,680TotalAmt
Management And General$9,680ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$2,460TotalAmt
Management And General$2,460ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,927TotalAmt
Management And General$1,927ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
PROGRAM SUPPLIES$17,570$17,570
BUS SERVICE$13,615$13,615
LICENSES & FEES$200$200
PAYPAL FEES$177$177

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$239,506TotalAmt
Program Services$191,810ProgramServicesAmt
Management And General$30,893ManagementAndGeneralAmt
Fundraising$16,803FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$844BOYAmt
EOY$13,211EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$41,848BOYAmt
EOY$29,543EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$42,692BOYAmt
EOY$42,754EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$37,692BOYAmt
EOY$42,754EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,000BOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$42,692BOYAmt
EOY$42,754EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$42,692BOYAmt
EOY$42,754EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$62ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$214,729CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$214,141CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$212,272CurrentTaxYearMinus1YearAmt
Current Tax Year$238,797CurrentTaxYearAmt
Total$1,039,072TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$159,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$214,729CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$214,141CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$212,272CurrentTaxYearMinus1YearAmt
Current Tax Year$238,797CurrentTaxYearAmt
Total$1,039,072TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$550,808SubstantialContributorsTotAmt
Public Support Total170$488,264PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$2CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$176CurrentTaxYearMinus1YearAmt
Current Tax Year$642CurrentTaxYearAmt
Total$833TotalAmt
FieldValueIRS element (for citing)
Total Support$1,039,905TotalSupportAmt
Public Support CY1700.46950PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTO PROMOTE COMMUNITY DEVELOPMENT AND ENHANCE EDUCATIONAL LIFE OPPORTUNITIES FOR YOUTH, THE UNDERPRIVILEGED, AND THE UNDERSERVED, THROUGH A COMBINATION OF CREATIVE FUNDING, SPONSORSHIP, AND ENCOURAGEMENT OF SPORTING, RECREATIONAL, AND EDUCATIONAL PROGRAMS.
FORM 990, PAGE 6, PART VI, LINE 2CHRISTOPHER MEAD LAUREN MEAD PRESIDENT VP, CFO TREA SPOUSE CHRISTOPHER MEAD MARK LONDON PRESIDENT MEMBER BUSINESS PARTNERS
FORM 990, PAGE 6, PART VI, LINE 11BA DRAFT COPY OF THE RETURN IS PROVIDED TO THE OFFICERS FOR REVIEW AND COMMENT PRIOR TO FILING THE RETURN.
FORM 990, PAGE 6, PART VI, LINE 19NO DOCUMENTS AVAILABLE TO THE PUBLIC