David P Watson Foundation
- Assets
- $307.0k
- Revenue
- $100.5k
- Investments
- $0.0
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-3491365
Organization Overview
David P Watson Foundation is located in El Segundo, CA. The organization was established in 2014. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, 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. David P Watson Foundation 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, David P Watson Foundation generated $100.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (26.7%) per year over the past 7 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 |
|---|---|---|---|
David P Watson President/ceo | 10 | $0 | |
Timothy E Curry Secretary Treasurer/cfo | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,500 |
| Interest on Savings | $21 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $100,521 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,055 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $307,049 |
| 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 | $307,049 |
| 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, David P Watson Foundation has awarded $13,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JIMMY MILLER FOUNDATION PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $7,000 |
PEDIATRIC BRAIN TUMOR FOUNDATION PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $2,000 |
Redondo Beach, CA PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $2,000 |
Santa Monica, CA PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Speech Language Hearing Association Sacramento, CA | $1,028,728 | $1,176,367 |
Clover Avenue Elementary School Booster Club Inc Los Angeles, CA | $279,654 | $248,056 |
Oregon Infant Mental Health Association Salem, OR | $91,016 | $0 |
California Federation Of Womens Clubs Dana Point, CA | $1,665,683 | $265,419 |
Patsy Reeve Foundation Inc Phoenix, AZ | $213,901 | $0 |
Marin Museum Of Bicycling Fairfax, CA | $393,046 | $0 |
Wilsonville Touchdown Club Wilsonville, OR | $54,402 | $0 |
Financial Planning Association Elk Grove, CA | $143,959 | $0 |
Financial Planning Association Tigard, OR | $99,077 | $0 |
American Board Of Home Care San Clemente, CA | $85,662 | $0 |
Financial Planning Association Scottsdale, AZ | $68,604 | $0 |
Financial Planning Association Santa Clara, CA | $79,884 | $0 |