Thomas J Watson Foundation Tr
- Assets
- $56.2m
- Revenue
- $12.8m
- Investments
- $54.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2017
- Data as of
- 05/2022
- EIN
- 35-7120359
Organization Overview
Thomas J Watson Foundation Tr is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thomas J Watson Foundation Tr 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 05/2022, Thomas J Watson Foundation Tr generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $6.2m during the year ending 05/2022. While expenses have increased by 8.2% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Kasabach Director | 0 | $350,000 | |
Michael Z Bubolo Assoc Director | 0 | $150,000 | |
Sneha Subramanian Assoc Director | 0 | $102,473 | |
Sara Nolfo Assoc Director | 0 | $160,045 | |
Carlo Lindo Assoc Director | 0 | $84,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ruane Cunniff & Goldfarb Lp | 5/30/23 | $100,181 |
Gtc Law Group Pc | 5/30/23 | $86,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,541 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,278,760 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,100,846 |
| Capital Gain Net Income | $7,100,846 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,359,026 |
| Total Revenue | $12,753,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $214,265 |
| Other employee salaries and wages | $1,272,249 |
| Pension plans, employee benefits | $500,374 |
| Interest | $0 |
| Taxes | $308,268 |
| Depreciation | $0 |
| Occupancy | $251,675 |
| Travel, conferences, and meetings | $54,399 |
| Printing and publications | $0 |
| Other expenses | $851,340 |
| Total operating and administrative expenses | $3,799,200 |
| Contributions, gifts, grants paid | $2,380,844 |
| Total expenses and disbursements | $6,180,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,347 |
| Savings and temporary cash investments | $1,728,420 |
| 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 | $4,859,222 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $56,231,650 |
| 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, Thomas J Watson Foundation Tr has awarded $2,349,477 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PLEASE SEE ATTACHED PURPOSE: SCHOLARSHIPS | $1,946,915 |
PLEASE SEE ATTACHED PURPOSE: GENERAL | $402,562 |