Hyde And Watson Foundation
- Assets
- $87.3m
- Revenue
- $3.1m
- Investments
- $80.2m
- Employees
- 0
- Location
- Warren Township, NJ
- Founding
- 03/1983
- Data as of
- 12/2023
- EIN
- 22-2425725
Organization Overview
Hyde And Watson Foundation is located in Warren Township, NJ. The organization was established in 1983. 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. Hyde And Watson 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 12/2023, Hyde And Watson Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Hyde And Watson Foundation has awarded 2,153 individual grants totaling $25,008,685. 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 |
|---|---|---|---|
Deborah J Barker Director | 1 | $1,400 | |
Thomas W Berry Director | 1 | $1,400 | |
Hunter W Corbin Director | 1 | $1,400 | |
Hans Dekker Secretary/director | 1 | $1,200 | |
John W Holman Jr Director | 1 | $400 | |
John W Holman III Chairperson/director | 1 | $1,400 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Monticello Associates Inc | 12/30/23 | $200,000 |
Ashford Capital Management Inc | 12/30/23 | $196,527 |
Eagle Capital Management Llc | 12/30/23 | $69,605 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,735 |
| Dividends & Interest | $1,290,989 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,125,089 |
| Capital Gain Net Income | $302,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $685,875 |
| Total Revenue | $3,103,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $289,400 |
| Other employee salaries and wages | $404,851 |
| Pension plans, employee benefits | $449,821 |
| Interest | $30,917 |
| Taxes | $88,323 |
| Depreciation | $30,200 |
| Occupancy | $32,884 |
| Travel, conferences, and meetings | $4,000 |
| Printing and publications | $0 |
| Other expenses | $62,388 |
| Total operating and administrative expenses | $2,308,087 |
| Contributions, gifts, grants paid | $5,871,545 |
| Total expenses and disbursements | $8,179,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,747 |
| Savings and temporary cash investments | $6,407,017 |
| 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 | $61,044,343 |
| Net Land, buildings, and equipment | $578,509 |
| Other assets | $0 |
| Total assets | $87,251,751 |
| 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, Hyde And Watson Foundation has awarded $5,871,545 in support to 564 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF CLINICAL AND APPLIED PSYCHOANALYSIS PURPOSE: PURCHASE AND INSTALLATION OF EQUIPMENT AND SOFTWARE. | $13,000 |
A VERY SPECIAL PLACE INC PURPOSE: PURCHASE OF COMPUTER EQUIPMENT. | $5,000 |
ACCESS JUSTICE BROOKLYN INC PURPOSE: PURCHASE OF COMPUTER EQUIPMENT. | $8,000 |
ADAPTIVE DESIGN ASSOCIATION INC PURPOSE: PURCHASE AND INSTALLATION OF EQUIPMENT AND FURNISHINGS. | $10,000 |
ALEX HOUSE PROJECT INC PURPOSE: PURCHASE OF COMPUTER EQUIPMENT. | $5,000 |
AIDS SERVICE CENTER OF LOWER MANHATTAN INC PURPOSE: PURCHASE AND INSTALLATION OF SECURITY EQUIPMENT. | $10,000 |