Stephen Watchorn Foundation Inc
- Assets
- $103.0k
- Revenue
- $6.0k
- Investments
- $102.6k
- Employees
- 0
- Location
- Hamden, CT
- Founding
- 10/1969
- Data as of
- 12/2023
- EIN
- 23-7037270
Organization Overview
Stephen Watchorn Foundation Inc is located in Hamden, CT. The organization was established in 1969. 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. Stephen Watchorn 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.
For the year ending 12/2023, Stephen Watchorn Foundation Inc generated $6.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $12.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Watchorn Pres/director | 1 | $2,500 | |
Barbara Watchorn Fiddler Vp/treas/director | 1 | $2,500 | |
Kathryn Watchorn Hearn Vp/director | 1 | $0 | |
Timothy Finnerty Sec | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,333 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,619 |
| Capital Gain Net Income | $2,619 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,952 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $734 |
| Printing and publications | $0 |
| Other expenses | $533 |
| Total operating and administrative expenses | $10,006 |
| Contributions, gifts, grants paid | $2,000 |
| Total expenses and disbursements | $12,006 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171 |
| Savings and temporary cash investments | $273 |
| 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 | $103,008 |
| 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, Stephen Watchorn Foundation Inc has awarded $2,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY EVANGELICAL LUTHERAN CHURCH PURPOSE: OPERATING EXPENSES | $1,000 |
CONNECTICUT FOOD BANK PURPOSE: OPERATING EXPENSES | $1,000 |