Watford Family Foundation Inc
- Assets
- $6.9m
- Revenue
- $543.5k
- Investments
- $6.5m
- Employees
- 0
- Location
- The Woodlands, TX
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-4187713
Organization Overview
Watford Family Foundation Inc is located in The Woodlands, TX. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watford 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 2016, Watford Family Foundation Inc has awarded 93 individual grants totaling $1,754,252. 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 |
|---|---|---|---|
Michael D Watford Pres/sec/tr | 0 | $0 | |
Amanda N Watford Director | 0 | $0 | |
Jason M Watford Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $1,805 |
| Dividends & Interest | $99,962 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,298 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $543,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,730 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,349 |
| Total operating and administrative expenses | $18,579 |
| Contributions, gifts, grants paid | $554,274 |
| Total expenses and disbursements | $572,853 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,682 |
| 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 | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,491,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,871,217 |
| 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, Watford Family Foundation Inc has awarded $554,274 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CONTRIBUTIONS MADE VIA PTP ENTITIES PURPOSE: TO SUPPORT THOSE BATTLING DISEASE. | $274 |
MONTANA TECH FOUNDATION PURPOSE: TO SUPPORT AND ADVANCE MONTANA TECH. | $4,000 |
NORTHWEST ASSISTANCE MINISTRIES PURPOSE: TO HELP SUPPLY BASIC HUMAN NEEDS TO THE COMMUNITY. | $175,000 |
CASA CHILD ADVOCATES OF MONTGOMERY PURPOSE: TO HELP ABUSED AND NEGLECTED CHILDREN. | $375,000 |