Nonprofit · EIN 46-3579033
THE POTOMAC TRUST INC
Tax-exempt · POTOMAC, MD 20854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $240,108 | $242,984 | -$2,876 | $17,154 | $0 | $17,154 |
| December 31, 2023 | 990 | $208,973 | $220,202 | -$11,229 | $20,030 | $0 | $20,030 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $237,918
- of which government grants
- $39,026
- Program service revenue
- $0
- Investment income
- $2,066
- Other revenue
- $124
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $192,414
- Salaries, compensation and benefits (total)
- $207,405
- Professional fundraising fees
- $0
- Accounting fees
- $4,465
- Program services (functional)
- $230,604
- Management and general (functional)
- $12,252
- Fundraising (functional)
- $128
Balance sheet and other
- Total assets, start of year
- $20,030
- Total assets, end of year
- $17,154
- Total liabilities, end of year
- $0
- Net assets, end of year
- $17,154
- Net assets without donor restrictions
- $17,154
- Gross receipts
- $240,108
- Employees
- 13
- Year formed
- 2013
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LONDON | MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER MEAD | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LAUREN MEAD | VP, CFO TREA Trustee or director, Officer | 5 | $0 |
| CHARLES SALCETTI | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK LONDON | MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER MEAD | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LAUREN MEAD | VP, CFO TREA Trustee or director, Officer | 5 | $0 |
| CHARLES SALCETTI | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 10220 RIVER RD STE 112, POTOMAC, MD 20854-4928
- Principal officer (990 for 2024)
- CHRISTOPHER MEAD, 8516 BEECH TREE ROAD, BETHESDA, MD 20817
- Signed the 990
- CHRISTOPHER MEAD, PRESIDENT
- Phone
- (301) 983-2758
- Website
- WWW.SCOTLANDSTORM.ORG
- Return prepared by
- ASKEY ASKEY & ASSOCIATES CPA LLC
Mission
TO 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.
Program accomplishments
- PROVIDED FREE OF CHARGE AFTER SCHOOL AND SUMMER SPORTS AND ACADEMIC TUTORING TO ELEMENTARY AND MIDDLE SCHOOL CHILDREN WHO RESIDE IN A SUBSIDIZED HOUSING COMMUNITY.Expenses $230,604
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3579033
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $17,154
- Income (IRS master file)
- $240,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $240,108 | $242,984 | $17,154 | IRS |
| 990 | December 2023 | $208,973 | $220,202 | $20,030 | XML |
| 990 | December 2022 | $207,664 | $260,149 | $31,259 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3579033).
Questions about THE POTOMAC TRUST INC
- What is the EIN of THE POTOMAC TRUST INC?
- The employer identification number (EIN) of THE POTOMAC TRUST INC is 46-3579033.
- Is THE POTOMAC TRUST INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to THE POTOMAC TRUST INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE POTOMAC TRUST INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE POTOMAC TRUST INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE POTOMAC TRUST INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE POTOMAC TRUST INC?
- The 990 for the year ended December 31, 2024 names CHRISTOPHER MEAD.
- Who are the officers and directors of THE POTOMAC TRUST INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does THE POTOMAC TRUST INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $240,108, expenses of $242,984 and total assets of $17,154 at year end.
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All nonprofits in POTOMAC · Maryland · Community improvement and capacity building