J C Watts Foundation Inc
- Assets
- $2.1k
- Revenue
- $7.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 26-0059904
Organization Overview
J C Watts Foundation Inc is located in Washington, DC. The organization was established in 2003. According to its NTEE Classification (V30) the organization is classified as: Interdisciplinary Research, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J C Watts 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 12/2021, J C Watts Foundation Inc generated $7.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $5.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO SUPPORT THE ADVANCEMENT OF VULNERABLE AMERICANS IN THE AREAS OF EDUCATION, ECONOMICS, AND HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT SCHOLARSHIPS - ANNUAL SCHOLARSHIPS TO GRADUATING SENIORS EACH YEAR TO RECOGNIZE ACADEMIC ACHIEVEMENT.
BACK TO SCHOOL INITIATIVE: FOUNDED IN 2010, THIS ANNUAL EVENT TAKES PLACE IN EUFUAULA, OK TO ASSIST VULNERABLE STUDENTS OF THE COMMUNITY TO PREPARE FOR BACK TO SCHOOL. OVER 120 SUDENTS RECEIVE BACK-TO-SCHOOL SUPPLIES AND FAMILIES GATHER FOR A DAY OF FOOD AND FUN TO MOTIVATE AND ENCOURAGE STUDENTS FOR A SUCCESSFUL SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Sailor President | OfficerTrustee | 25 | $0 |
Jc Watts Jr Chairman | Trustee | 3 | $0 |
Frankie Watts Director | Trustee | 0 | $0 |
Tommy Ross Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,100 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,250 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $5,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,084 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,084 |
| Total liabilities and net assets/fund balances | $2,084 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Society Of Overseas Research Alexandria, VA | $7,305,829 | $2,282,373 |
Institute For Progress Washington, DC | $1,531,455 | $970,114 |
Community Cooperative Washington, DC | $953,080 | $1,112,750 |
Foundation For Chemistry Research And Initiatives Washington, DC | $4,229,565 | $1,779,208 |
Consortium Of Social Science Associations Washington, DC | $960,135 | $611,014 |
International Aloe Science Council Inc Silver Spring, MD | $111,782 | $423,395 |
Korean American Education Foundation Laurel, MD | $1,019,629 | $146,641 |
National Association Of Multicultural Education Washington, DC | $403,177 | $136,692 |
North American Regional Science Council Inc Reston, VA | $428,200 | $129,367 |
Alalay Foundation Inc Falls Church, VA | $40,781 | $48,000 |
Terror Free Tomorrow Washington, DC | $0 | $20,274 |
J C Watts Foundation Inc Washington, DC | $2,084 | $7,100 |