Watson-Brown Foundation Inc
- Assets
- $0.0
- Revenue
- $9.7m
- Investments
- $121.0m
- Employees
- 0
- Location
- Thomson, GA
- Founding
- 03/1972
- Data as of
- 12/2020
- EIN
- 23-7097393
Organization Overview
Watson-Brown Foundation Inc is located in Thomson, GA. The organization was established in 1972. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson-Brown 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 12/2020, Watson-Brown Foundation Inc generated $9.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 21.5% each year . All expenses for the organization totaled $8.1m during the year ending 12/2020. While expenses have increased by 12.7% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watson-Brown Foundation Inc has awarded 546 individual grants totaling $13,137,264. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND PRESERVING THREE HISTORIC HOUSE MUSEUMS AND THEIR HISTORIC GARDENS AND GROUNDS FOR THE CONDUCT OF VARIOUS EDUCATIONAL PROGRAMMING INCLUDING PUBLIC TOURS, SCHOOL FIELD TRIPS, SEMINARS AND SYMPOSIA, SUMMER CAMPS,
ALLOCATION OF EXPENSES FOR ADMINISTERING SCHOLARSHIPS ANDGRANTS INCURRED BY THE FOUNDATION OFFICE. ALLOCATION ISBASED ON A COMBINATION OF DIRECT COST AND A PERCENTAGE OFALL OTHER EXPENSES.
TOM WATSON BROWN BOOK AWARD. THE ANNUAL AWARD IS MADE THROUGH THE AUSPICES OF THE SOCIETY OF CIVIL WAR HISTORIAN FOR A SINGLE OUTSTANDING BOOK ON THE AMERICAN CIVIL WAR. SCHOLARLY AND TRADE PRESSES SUBMIT BOOKS FOR CONSIDERATION BY A THREE JUROR PANEL OF CIVIL WAR SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Brown Jr President | 50 | $168,754 | |
Samuel N Thomas Jr House Museum Curator | 45 | $85,768 | |
Michelle L Zupan House Museum Curator | 45 | $80,691 | |
Dexter E Rhodes Ground Manager | 45 | $73,760 | |
Elizabeth B Moore Accountant/admin | 45 | $69,171 | |
Barbara D Hyde House Museum Curator | 45 | $66,611 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wierstewart Llc | 12/30/21 | $65,562 |
Mercer Investment Consulting Inc | 12/30/21 | $198,020 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63 |
| Dividends & Interest | $2,004,270 |
| Profit on Inventory Sales | -$194 |
| Other Income | $420,006 |
| Total Revenue | $9,697,974 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $212,283 |
| Pension plans, employee benefits | $19,829 |
| Depreciation | $508,590 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,633 |
| Printing and publications | $53,254 |
| Total operating and administrative expenses | $3,395,155 |
| Contributions, gifts, grants paid | $4,740,237 |
| Total expenses and disbursements | $8,135,392 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,971,789 |
| Other assets | $560,998 |
| Mortgages and other notes payable | $2,853,356 |
| Other liabilities | $181,185 |
Grants Awarded
Over the last fiscal year, Watson-Brown Foundation Inc has awarded $4,295,685 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
CLEMSON UNIVERSITY PURPOSE: AWARDED SCHOLARSHIP GRANTS | $585,000 |
UNIVERSITY OF SOUTH CAROLINA-COLUMBIA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $415,000 |
UNIVERSITY OF GEORGIA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $385,000 |
Augusta, GA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $252,500 |
Atlanta, GA PURPOSE: AWARDED SCHOLARSHIP GRANTS | $212,500 |
GEORGIA SOUTHERN UNIVERSITY PURPOSE: AWARDED SCHOLARSHIP GRANTS | $172,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Vinik Family Foundation Tampa, FL | $192,173,639 | $29,773,809 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |
Special Operations Warrior Foundation Tampa, FL | $175,400,415 | $16,396,122 |
Amity Medical Group Inc Charlotte, NC | $3,300,228 | $10,911,191 |
Inspire Brands Foundation Inc Atlanta, GA | $11,528,068 | $11,993,911 |
Floridamakes Inc Orlando, FL | $1,478,174 | $9,967,367 |