Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
POTTS FAMILY FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)909 E BRITTON ROAD
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
OKLAHOMA CITY, OK73114
A Employer identification number

73-1119767
B Telephone number (see instructions)

(405) 486-4955
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,990,715J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 202,453
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 161,558 161,558 161,558
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 68,367
b Gross sales price for all assets on line 6a 2,384,838
7 Capital gain net income (from Part IV, line 2)... 68,367
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 2,077 2,077 2,077
12 Total. Add lines 1 through 11........ 434,455 232,002 163,635
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages...... 246,453   246,453 246,453
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment 17,230   17,230 17,230
c Other professional fees (attach schedule).... Click to see attachment 27,477 27,077 27,477 27,796
17 Interest............... 10   10 10
18 Taxes (attach schedule) (see instructions)... Click to see attachment 27,535 3,107 27,535 25,498
19 Depreciation (attach schedule) and depletion... Click to see attachment 966   966
20 Occupancy..............        
21 Travel, conferences, and meetings....... 4,083   4,083 3,286
22 Printing and publications.......... 140   140 140
23 Other expenses (attach schedule)....... Click to see list of attachments 49,296   49,296 53,204
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 373,190 30,184 373,190 373,617
25 Contributions, gifts, grants paid....... 289,000 282,000
26 Total expenses and disbursements. Add lines 24 and 25 662,190 30,184 373,190 655,617
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -227,735
b Net investment income (if negative, enter -0-) 201,818
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 44,519 108,908 108,908
2 Savings and temporary cash investments......... 52,658 244,964 244,964
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 8,527 5,722  
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 5,952,565 Click to see attachment5,507,481 5,507,481
14 Land, buildings, and equipment: basis bullet11,226
Less: accumulated depreciation (attach schedule) bullet8,593 3,599 Click to see attachment2,633  
15 Other assets (describe bullet) Click to see attachment1,285,604 Click to see attachment1,480,991 Click to see attachment129,362
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 7,347,472 7,350,699 5,990,715
Liabilities 17 Accounts payable and accrued expenses.......... 26,845 96,897
18 Grants payable................. 140,000 140,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 166,845 236,897
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 6,018,752 1,161,875
25 Net assets with donor restrictions............   1,351,630
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,180,627 7,113,802
30 Total liabilities and net assets/fund balances (see instructions). 7,347,472 7,350,699
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,180,627
2
Enter amount from Part I, line 27a .....................
2
-227,735
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
160,910
4
Add lines 1, 2, and 3 ..........................
4
7,113,802
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
7,113,802
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a 214 AFLAC, Inc. P 2012-04-27 2020-01-09
b 40 Apple, Inc. P 2013-01-29 2020-01-09
c 32 Apple, Inc. P 2013-01-29 2020-04-28
d 440 Apple, Inc. P 2013-09-13 2020-04-28
e 326 AT&T, Inc. P 2017-05-10 2020-01-09
107 Boeing Co. P 2018-12-26 2020-04-28
129 ConocoPhillips P 2002-12-09 2020-01-09
542 Corteva, Inc. P 2010-03-01 2020-10-02
390 Cummins, Inc. P 2015-04-24 2020-04-28
269 Cummins, Inc. P 2017-08-21 2020-04-28
107 Dow, Inc. P 2010-03-01 2020-01-09
435 Dow, Inc. P 2010-03-01 2020-10-02
151 Eaton Corp. PLC P 2018-01-03 2020-01-09
198 Exxon Mobil P 2002-12-09 2020-09-28
75 Exxon Mobil P 2005-01-11 2020-09-28
50 Exxon Mobil P 2005-08-23 2020-09-28
25 Exxon Mobil P 2008-05-07 2020-09-28
75 Exxon Mobil P 2010-03-01 2020-09-28
330 Exxon Mobil P 2011-08-12 2020-09-28
1027 Exxon Mobil P 2020-03-26 2020-09-28
822 General Mills, Inc. P 2018-04-25 2020-03-11
251 GlaxoSmithKline PLC P 2018-01-22 2020-01-09
166 Intel Corporation P 2017-05-11 2020-01-09
261 Interpublic Group of Companies P 2017-09-22 2020-01-09
1507 Interpublic Group of Companies P 2017-09-22 2020-03-23
252 JP Morgan Chase & Co. P 2012-04-10 2020-01-09
1189 Kontoor Brands, Inc. P 2019-08-01 2020-03-17
103 Merck & Company P 2017-08-21 2020-01-09
48 Norfolk-Southern Company P 2012-02-22 2020-01-09
251 Norfolk-Southern Company P 2012-02-22 2020-10-02
6285 Prospect Capital Corporation P 2018-01-22 2020-03-20
1276 Royal Dutch Shell PLC P 2017-05-26 2020-09-28
106 Seagate Technology P 2017-05-10 2020-01-09
334 Smucker JM Company P 2017-09-14 2020-03-11
2408 Tanger Factory Outlet Centers, Inc. P 2019-12-13 2020-01-14
1161 Tapestry, Inc. P 2019-06-18 2020-03-20
68 Target Corp. P 2018-11-21 2020-01-09
387 Target Corp. P 2018-11-21 2020-05-15
25 Target Corp. P 2018-12-18 2020-05-15
26 Union Pacific Corporation P 2012-02-22 2020-01-09
143 United Parcel Service P 2017-05-10 2020-09-09
7760 Vereit, Inc. P 2017-05-10 2020-03-26
989 Vereit, Inc. P 2017-06-07 2020-03-26
185 Verizon Communications, Inc. P 2015-09-02 2020-01-09
35 Verizon Communications, Inc. P 2015-10-16 2020-01-09
1914 Walgreens Boots Alliance, Inc. P 2020-05-26 2020-09-28
1089 Wells Fargo & Company P 2017-05-11 2020-09-28
633 Wells Fargo & Company P 2017-08-08 2020-09-28
30000 Bank of America 3.95% 4/21/2025 P 2015-12-14 2020-01-09
20000 Bank of America 3.95% 4/21/2025 P 2015-12-14 2020-09-09
20000 Citigroup 4.45% 8/15/2025 P 2016-06-28 2020-01-09
22000 Citigroup 4.45% 8/15/2025 P 2016-06-28 2020-06-03
27000 Citigroup 4.45% 8/15/2025 P 2016-08-29 2020-06-03
50000 Citigroup 4.45% 8/15/2025 P 2017-05-11 2020-06-03
20000 JPMorgan Chase 2.95% 10/1/2026 P 2018-05-15 2020-01-09
46000 JPMorgan Chase 2.95% 10/1/2026 P 2018-05-15 2020-03-30
20000 JPMorgan Chase 3.3% 4/1/2026 P 2018-05-15 2020-01-09
44000 JPMorgan Chase 3.3% 4/1/2026 P 2018-05-15 2020-03-30
30000 Oracle Corp. 3.9% 11/15/2044 P 2016-10-20 2020-01-09
32000 Oracle Corp. 3.9% 11/15/2044 P 2016-10-20 2020-09-09
140000 U.S. Treasury 1.375% 5/31/2020 P 2013-12-24 2020-04-06
62000 U.S. Treasury 1.375% 5/31/2020 P 2013-12-24 2020-06-01
155000 U.S. Treasury 1.375% 5/31/2020 P 2017-05-12 2020-06-01
15000 U.S. Treasury 1.875% 11/30/2021 P 2014-12-18 2020-01-09
30000 U.S. Treasury 1.875% 11/30/2021 P 2014-12-18 2020-09-09
15000 U.S. Treasury 2.0% 11/15/2026 P 2018-02-22 2020-09-09
15000 U.S. Treasury 3.5% 5/15/2020 P 2018-05-15 2020-01-09
126000 U.S. Treasury 3.5% 5/15/2020 P 2018-05-18 2020-02-10
51000 U.S. Treasury 3.5% 5/15/2020 P 2018-05-15 2020-03-23
41000 U.S. Treasury 3.5% 5/15/2020 P 2019-05-08 2020-03-23
30000 U.S. Treasury 2.875% 8/15/2028 P 2018-09-12 2020-01-09
15000 U.S. Treasury 2.875% 8/15/2028 P 2018-09-12 2020-09-09
15000 U.S. Treasury 2.25% 12/31/2024 P 2018-12-18 2020-01-09
45000 U.S. Treasury 2.25% 12/31/2024 P 2018-12-18 2020-02-10
15000 U.S. Treasury 2.25% 2/15/2027 P 2019-02-22 2020-01-09
50000 U.S. Treasury 2.25% 2/15/2027 P 2019-02-22 2020-09-09
15000 U.S. Treasury 2.75% 11/15/2042 P 2019-05-08 2020-01-09
82000 U.S. Treasury 2.75% 11/15/2042 P 2019-05-08 2020-06-03
25000 U.S. Treasury 1.5% 1/31/2027 P 2020-02-10 2020-09-09
17000 U.S. Treasury 2.25% 12/31/2024 P 2020-03-13 2020-06-03
15000 U.S. Treasury 1.125% 2/28/2021 P 2020-06-03 2020-09-09
10000 Visa 1.9% 4/15/2027 P 2020-05-07 2020-09-09
20000 Wells Fargo & Co. 4.4% 6/14/2046 P 2016-10-20 2020-09-09
Viatris, Inc. cash-in-lieu P 2007-06-26 2020-11-19
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 11,187   4,516 6,671
b 3,074   637 2,437
c 2,251   509 1,742
d 30,945   7,357 23,588
e 12,568   12,040 528
13,949   33,213 -19,264
8,332   2,447 5,885
15,921   9,719 6,202
63,793   53,043 10,750
44,001   40,933 3,068
5,553   3,746 1,807
20,482   15,231 5,251
14,370   12,246 2,124
7,023   6,920 103
2,660   3,777 -1,117
1,774   2,951 -1,177
887   2,271 -1,384
2,660   4,943 -2,283
11,705   22,747 -11,042
36,428   39,546 -3,118
42,353   36,188 6,165
11,698   9,649 2,049
9,786   5,918 3,868
5,978   5,291 687
19,499   30,547 -11,048
34,579   11,157 23,422
36,059   34,506 1,553
9,223   6,376 2,847
9,485   3,290 6,195
53,588   17,203 36,385
30,981   43,874 -12,893
33,412   69,417 -36,005
6,318   4,570 1,748
35,012   36,210 -1,198
37,271   36,558 713
14,170   34,825 -20,655
8,371   4,730 3,641
47,313   26,919 20,394
3,056   1,629 1,427
4,645   1,413 3,232
22,955   15,043 7,912
37,829   59,719 -21,890
4,821   8,299 -3,478
10,924   8,353 2,571
2,067   1,572 495
69,223   80,967 -11,744
26,296   58,713 -32,417
15,285   33,446 -18,161
32,242   29,599 2,643
22,716   19,733 2,983
22,253   20,842 1,411
25,209   22,926 2,283
30,938   29,231 1,707
57,292   51,876 5,416
20,790   18,513 2,277
47,094   42,580 4,514
21,235   19,091 2,144
45,475   42,001 3,474
33,720   32,082 1,638
18,438   22,349 -3,911
140,918   133,703 7,215
62,000   59,211 2,789
155,000   155,558 -558
15,102   14,920 182
30,783   29,839 944
16,548   14,024 2,524
15,172   15,269 -97
127,665   128,258 -593
51,885   51,914 -29
41,711   42,209 -498
32,755   29,819 2,936
17,722   14,909 2,813
15,404   14,767 637
46,966   44,300 2,666
15,578   14,648 930
55,854   48,828 7,026
16,124   15,045 1,079
102,225   82,245 19,980
26,725   25,061 1,664
19,675   19,493 182
15,070   15,149 -79
10,691   10,373 318
24,089   20,932 3,157
14     14
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       6,671
b       2,437
c       1,742
d       23,588
e       528
      -19,264
      5,885
      6,202
      10,750
      3,068
      1,807
      5,251
      2,124
      103
      -1,117
      -1,177
      -1,384
      -2,283
      -11,042
      -3,118
      6,165
      2,049
      3,868
      687
      -11,048
      23,422
      1,553
      2,847
      6,195
      36,385
      -12,893
      -36,005
      1,748
      -1,198
      713
      -20,655
      3,641
      20,394
      1,427
      3,232
      7,912
      -21,890
      -3,478
      2,571
      495
      -11,744
      -32,417
      -18,161
      2,643
      2,983
      1,411
      2,283
      1,707
      5,416
      2,277
      4,514
      2,144
      3,474
      1,638
      -3,911
      7,215
      2,789
      -558
      182
      944
      2,524
      -97
      -593
      -29
      -498
      2,936
      2,813
      637
      2,666
      930
      7,026
      1,079
      19,980
      1,664
      182
      -79
      318
      3,157
      14
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 68,367
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 -29,655
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,805
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,805
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,805
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 8,527
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 8,527
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 5,722
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet5,722 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletOK
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.pottsfamilyfoundation.org
    14
    The books are in care ofbulletPotts Family Foundation Inc Telephone no.bullet (405) 486-4955

    Located atbullet909 E Britton RoadOklahoma CityOK ZIP+4bullet731147802
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Patricia Potts Director
    30.00     		0    
    909 E Britton Road
    Oklahoma City,OK731147802
    Kathy Potts Director
    1.00     		0    
    9211 Lake Hefner Pkwy Ste 300
    Oklahoma City,OK73120
    Paula Potts Director
    1.00     		0    
    13321 Northview Drive
    Oklahoma City,OK73142
    Tiffany Burton Director
    1.00     		0    
    2024 Westchester Drive
    Oklahoma City,OK73120
    Marnie Taylor Director
    1.00     		0    
    720 W Wilshire Blvd Ste 115
    Oklahoma City,OK73116
    Larry Potts Chairman
    1.00     		0    
    1901 W Main Street
    Norman,OK73069
    Teresa Burkett Secretary
    1.00     		0    
    4000 One Williams Center
    Tulsa,OK74172
    Mark Potts Director
    1.00     		0    
    909 E Britton Road
    Oklahoma City,OK731147802
    Ray Potts Director
    2.00     		0    
    909 E Britton Road
    Oklahoma City,OK731147802
    Ginny Bass Carl Treasurer
    1.00     		0    
    8504 N Georgia Avenue
    Oklahoma City,OK73114
    Page Potts-Beal Director
    1.00     		0    
    570 Buchanan Avenue
    Norman,OK73069
    Robert Block Director
    1.00     		0    
    256 E 27th Street
    Tulsa,OK74114
    Steve Potts Director
    1.00     		0    
    909 E Britton Road
    Oklahoma City,OK731147802
    Dan Schiedel Vice Chair
    1.00     		0    
    917 W York Avenue
    Enid,OK73701
    Jill Daugherty Director
    1.00     		0    
    301 W Main St Suite 323
    Ardmore,OK73401
    Ryan Posey Director
    1.00     		0    
    3100 Norge Road
    Chickasha,OK73018
    Valerie Thompson Director
    1.00     		0    
    3900 N Martin Luther King Ave
    Oklahoma City,OK73111
    Paco Balderrama Director
    1.00     		0    
    700 Colcord Drive
    Oklahoma City,OK73102
    Jennifer Hays-Grudo Director
    1.00     		0    
    233 Human Sciences
    Stillwater,OK74075
    Erica Lucas Director
    1.00     		0    
    316 NW 61st Street
    Oklahoma City,OK73012
    Raul Font Director
    1.00     		0    
    420 SW 10th Street
    Oklahoma City,OK73109
    Sara Jane Smallwood-Cocke Director
    1.00     		0    
    512 N Broadway Avenue
    Oklahoma City,OK73102
    Kevin Evans Director
    1.00     		0    
    202639 E County Road 42
    Woodward,OK73801
    Martina Jelley Director
    1.00     		0    
    2839 East 44th Court
    Tulsa,OK74105
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    Craig R Knutson President/CEO
    40.00     		102,651    
    1003 Nottingham Circle
    Norman,OK73072
    Linda J Turner HR, Ofc Mgr
    40.00     		60,460    
    7309 N Norman Road
    Warr Acres,OK73132
    Linda S Manaugh Dir Comm/Prg Supp
    40.00     		59,706    
    3525 NW 66th Street
    Oklahoma City,OK73116
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    NONE
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Activities relative to the organization's mission of providing sustainable solutions to social problems in Oklahoma, supporting capacity building within the nonprofit sector, and improving public education, with a primary focus on early childhood development 373,190
    2 Grants paid to Section 501(c)(3) organizations (see Part XV for recipients, grant process, etc.) 289,000
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    5,005,832
    b
    Average of monthly cash balances.......................
    1b
    419,724
    c
    Fair market value of all other assets (see instructions)................
    1c
    129,362
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,554,918
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    5,554,918
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    83,324
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    5,471,594
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    273,580
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
     
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
     
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
     
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    655,617
    b
    Program-related investments—total from Part IX-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    655,617
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
     
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    655,617
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7  
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$  
    a Applied to 2019, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020....  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
    0       0
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		655,617 720,047 721,630 665,247 2,762,541
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		655,617 720,047 721,630 665,247 2,762,541
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 5,554,918 6,034,924 6,198,416 6,294,002 24,082,260
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 5,554,918 6,034,924 6,198,416 6,294,002 24,082,260
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		        0
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    Patricia Potts
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Linda Turner
    909 E Britton Road
    Oklahoma City,OK731147802
    (405) 486-4955
    lturner@pottsfamilyfoundation.org
    bThe form in which applications should be submitted and information and materials they should include:
    Written grant application, including project and organization budget, Section 501(c)(3) IRS Determination Letter, most recent Form 990, grantee evaluation form, and any other financial statements relevant to grant request
    cAny submission deadlines:
    April 8, 2020
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Grants are restricted to organizations whose programs address one of four areas focusing on children ages zero to five years: (1) Home Based Parent Education & Support, (2) Accessible High Quality Child Care, (3) Preventative Health Care in Early Childhood, and (4) Literacy/Numeracy & Social/Emotional Development. Prospective grant recipients are those whose proposals break the cycle of generational poverty and dysfunction, create awareness, advocacy and activism on behalf of young children, offer the most impact per contribution dollar, build potential of people and organizations, impact present and future needs of young children, have sustainable impact beyond the grant period, enhance the cognitive and socio-emotional development of young children, collaborate with other service providers to optimize outcomes, can be replicated and expanded, address root causes rather than symptoms, and involve parents, families, community leaders, business leaders and/or legislators. Grant proposal
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    Oklahoma Center for Nonprofits
    720 W Wilshire Blvd Suite 115
    Oklahoma City,OK73116     		N/A PC Management training and consulting services to community nonprofits 140,000
    Sunbeam Family Services
    PO Box 61237
    Oklahoma City,OK73146     		N/A PC Affordable, quality social services to improve individual and family functioning 10,000
    Smart Start Oklahoma
    421 NW 13th Street Suite 270
    Oklahoma City,OK73103     		N/A PC Early childhood program to strengthen families and school readiness 11,000
    Norman Public Schools Foundation
    1301 S Flood Ave
    Norman,OK73069     		N/A PC Enhance educational experience for public school students 500
    University of OK Health Sciences Ce
    PO Box 26901
    Oklahoma City,OK73190     		N/A PC Educate students to become health service practitioners, conduct research for the advancement of health care, and provide continuing education, public service, and clinical care 11,000
    Child Abuse Network
    2829 S Sheridan Road
    Tulsa,OK74129     		N/A PC Provide collaborative intervention services to child abuse victims 11,000
    Community Development Support Assoc
    114 S Independence
    Enid,OK73701     		N/A PC Deliver early childhood training and education, promote self-sufficiency, and facilitate community research and planning 10,000
    Center For Children and Families
    210 S Cockrel Avenue
    Norman,OK73071     		N/A PC Aid and educate families coping with abuse, neglect, divorce, separation, teenage pregnancy, lack of quality out-of-school care, and/or other adverse experiences 10,500
    Great Plains Youth Family Services
    901 S Broadway Road
    Hobart,OK73651     		N/A PC Provide, assist and facilitate a community-based, structured process of counseling, socialization, recreation and education assistance to youth and their families in need of support adjusting to current life situations 10,000
    Rainbow Fleet
    1105 NW 45th Street
    Oklahoma City,OK73118     		N/A PC Provide innovative child development programs and services that enhance the quality of life for residents in Oklahoma and Cleveland Counties 10,000
    Reach Out and Read Oklahoma
    56 Roland Street Suite 10D
    Boston,MA02129     		N/A PC Provide young children a foundation for success by incorporating books into pediatric care and encouraging families to read aloud together 10,000
    Community Action Project of Tulsa C
    4606 S Garnett Suite 100
    Tulsa,OK74146     		N/A PC Help young children in lower-income families grow up and achieve economic success 5,000
    The Parent Child Center of Tulsa Co
    1421 S Boston Avenue
    Tulsa,OK74119     		N/A PC Prevent child abuse and neglect through education, treatment, and advocacy 5,000
    HopeHouse OKC
    6608 N Western Avenue
    Oklahoma City,OK73116     		N/A PC Assist individuals and families in need by providing temporary housing and basic support services in a safe and intentional environment of Christian community 5,000
    The Homeless Alliance
    1724 NW 4th Street
    Oklahoma City,OK73106     		N/A PC Collaborate with service providers, city government, and local businesses to end homelessness in Oklahoma City 3,000
    Western Plains Youth Family Service
    202639 E County Road 42
    Woodward,OK73801     		N/A PC Provide quality community based education, preventative, counseling, shelter and mobile crisis services in Northwest Oklahoma to individuals in need to enrich the lives of children, youth and families 1,000
    Good Shepherd Ministries of Oklahom
    222 NW 12th Street
    Oklahoma City,OK73103     		N/A PC Provide consistent, quality medical and dental services for vulnerable members in Oklahoma City 1,000
    Okla Partnership for School Readine
    421 NW 13th Street Suite 270
    Oklahoma City,OK73103     		N/A PC Early childhood program to strengthen families and school readiness 10,000
    Family and Children's Services
    5310 E 31st Street
    Tulsa,OK74135     		N/A PC Promote, support and strengthen the well-being and behavioral health of adults, children and families 1,000
    Oak Hall Episcopal School
    2815 Mount Washington Road
    Ardmore,OK73401     		N/A PC Promote intellectual, creative, physical, social, emotional, and spiritual growth of students in the Episcopal tradition 1,000
    ReMerge
    1444 NW 28th Street
    Oklahoma City,OK73106     		N/A PC Comprehensive female diversion program designed to transform pregnant women and mothers facing incarceration into productive citizens 2,000
    Positive Tomorrows
    PO Box 61190
    Oklahoma City,OK73146     		N/A PC Educate homeless children and their families to break the cycle of poverty through Oklahoma's only elementary school specifically serving the homeless 500
    Latino Community Development Agency
    420 SW 10th Street
    Oklahoma City,OK73109     		N/A PC Serve the Latino Community in Oklahoma County through education, economic development, health, mental health and substance abuse prevention 1,000
    Assistance League of Norman
    809 Wall Street
    Norman,OK73069     		N/A PC Transform lives of children and families through all-volunteer community programs to meet essential needs and help families flourish 500
    Infant Crisis Center
    4224 N Lincoln Blvd
    Oklahoma City,OK73105     		N/A PC Provide life sustaining formula, food and diapers to babies and toddlers in times of crisis 1,000
    Little Dixie Community Action Agenc
    209 North 4th Street
    Hugo,OK74743     		N/A PC Improve the lives of low-income individuals and families through service and collaboration leading to self-sufficiency 10,000
    Urban League of Greater Oklahoma Ci
    3900 N Martin L King Jr Avenue
    Oklahoma City,OK73111     		N/A PC Bring social and economic equality to impoverished citizens 1,000
    Total .................................bullet 3a 282,000
    bApproved for future payment
    Oklahoma Center for Nonprofits
    720 W Wilshire Blvd Suite 115
    Oklahoma City,OK73116     		N/A PC Management training and consulting services to community nonprofits 140,000
    Total .................................bullet 3b 140,000
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities....     14 161,558  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 68,367  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aRoyalties     		    15 2,077  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   232,002  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    232,002
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID: 20011551
    Software Version: 2020v4.0


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2020 AccountingFeesSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Accounting Fees 17,230 0 17,230 17,230

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2020 DepreciationSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Dell PowerEdge Server 2015-10-20 1,797 1,496 SL 5.0000 301      
    VoIP Telephone Equipment 2015-12-01 1,449 1,184 SL 5.0000 265      
    Office Furniture 2017-08-15 4,000 967 SL 10.0000 400      

    TY 2020 InvestmentsOtherSchedule2
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    D.A. Davidson - managed account FMV 5,507,481 5,507,481

    TY 2020 LandEtcSchedule2
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    Furniture and Fixtures 4,000 1,367 2,633  
    Machinery and Equipment 7,226 7,226    


    TY 2020 OtherAssetsSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Beneficial Interest in CRT's 1,161,875 1,351,629  
    Cash Surrender Value of Life Insurance 121,993 125,549 125,549
    Investment in Royalty-Producing Assets 1,736 3,813 3,813


    TY 2020 OtherExpensesSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Bank Charges 587   587 587
    Dues 11,843   11,843 11,174
    Information Technology 2,855   2,855 8,335
    Insurance 3,802   3,802 3,802
    Office Expenses 3,805   3,805 4,190
    Parking 20   20 20
    Postage & Shipping 45   45 190
    Public Relations & Development 16,647   16,647 15,135
    Telephone 7,185   7,185 7,293
    Utilities 2,507   2,507 2,478


    TY 2020 OtherIncomeSchedule2
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Royalties 2,077 2,077 2,077


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Fees 27,077 27,077 27,077 27,396
    Legal Fees 400 0 400 400


    TY 2020 TaxesSchedule
    Name:
    POTTS FAMILY FOUNDATION INC
    EIN:
    73-1119767
    Software ID:
    20011551
    Software Version:
    2020v4.0
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Excise Tax 2,805 2,805 2,805  
    Foreign Tax 302 302 302 302
    Payroll Tax 19,097   19,097 19,994
    Property Tax 5,331   5,331 5,202