Watkins Family Foundation Inc
- Assets
- $1.3m
- Revenue
- $201.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2007
- Data as of
- 12/2022
- EIN
- 20-2795430
Organization Overview
Watkins Family Foundation Inc is located in Houston, TX. The organization was established in 2007. 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 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Watkins Family Foundation Inc has awarded 15 individual grants totaling $370,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan W Thompson Director | 0 | $0 | |
George R Watkins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $96,671 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,660 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $47,028 |
| Depreciation | $19,599 |
| Occupancy | $8,350 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $547 |
| Other expenses | $25,800 |
| Total operating and administrative expenses | $104,989 |
| Contributions, gifts, grants paid | $95,750 |
| Total expenses and disbursements | $200,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,482 |
| 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 | $808,961 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $36,189 |
| Total assets | $1,257,632 |
| Accounts payable and accrued expenses | $16,945 |
| 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 | $16,945 |
Grants Awarded
Over the last fiscal year, Watkins Family Foundation Inc has awarded $95,750 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ARROW CHILD & FAMILY MINISTRIES PURPOSE: GENERAL NEEDS | $1,000 |
DAVIDSON COLLEGE PURPOSE: GENERAL NEEDS | $65,000 |
LITERACY NOW PURPOSE: GENERAL NEEDS | $1,500 |
ST FRANCIS FUND PURPOSE: GENERAL NEEDS | $20,000 |
SMALL STEPS NUTRITION CENTER PURPOSE: GENERAL NEEDS | $2,250 |
GREATER HOUSTON COMMUNITY FUND PURPOSE: GENERAL NEEDS | $1,000 |