Watkins Family Foundation
- Assets
- $331.5k
- Revenue
- $52.6k
- Investments
- $259.9k
- Employees
- 0
- Location
- Orchid, FL
- Founding
- 03/1996
- Data as of
- 11/2023
- EIN
- 06-1415279
Organization Overview
Watkins Family Foundation is located in Orchid, FL. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watkins Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2023, Watkins Family Foundation generated $52.6k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $48.3k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEW CANAAN CT LIBRARY
CLEVELAND CLINIC INDIAN RIVER FOUNDATION
NEW CANAAN CT COMMUNITY FOUNDATION
NEW CANAAN COMUNITY FOUNDATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Watkins Trustee | 5 | $0 | |
Margaret Watkins Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $67 |
| Dividends & Interest | $10,945 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $41,595 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,607 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $379 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $8,296 |
| Contributions, gifts, grants paid | $40,050 |
| Total expenses and disbursements | $48,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,612 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $331,484 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Watkins Family Foundation has awarded $8,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND CLINIC INDIAN RIVER FND PURPOSE: GOODWORKS,CHARITY | $2,000 |
NEW CANAAN COMMUNITY FOUNDATION PURPOSE: GOODWORKS, CHARITY | $2,000 |
UNITED WAY OF INDIAN RIVER COUNTY PURPOSE: GOODWORKS, CHARITY | $2,000 |
NEW CANAAN LIBRARY PURPOSE: GOODWORKS, CHARITY | $2,000 |