Dennis A And Julia M Watkins Foundation Inc
- Assets
- $392.1k
- Revenue
- $13.9k
- Investments
- $326.7k
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 09/2014
- Data as of
- 12/2022
- EIN
- 46-4302138
Organization Overview
Dennis A And Julia M Watkins Foundation Inc is located in Alexandria, VA. The organization was established in 2014. According to its NTEE Classification (T30) the organization is classified as: Public 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. Dennis A And Julia M Watkins 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 12/2022, Dennis A And Julia M Watkins Foundation Inc generated $13.9k 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 (13.3%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DENNIS A. AND JULIA M. WATKINS FOUNDATION IS ESTABLISHED FOR EDUCATIONAL PURPOSES. IT WILL FOCUS ON INITIATIVES RELATED TO LEADERSHIP, JOB CREATION, QUALITY ASSURANCE, AND HUMAN DEVELOPMENT THROUGH EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT WILL COLLECT AND ADMINISTER FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES AS WELL AS FOR THE PUBLIC WELFARE. FUNDING MAY BE TO INDIVIDUALS OR TO DOMESTIC ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER US IRS CODE OF 1986 OR TO FOREIGN ORGANIZATIONS FOR WHICH AN EQUIVALENCY DETERMINATION HAS BEEN MADE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis A Watkins Officer | 2 | $0 | |
Julia M Watkins Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,524 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,341 |
| Capital Gain Net Income | $8,341 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,865 |
| 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 | $0 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,443 |
| 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 | $326,681 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $392,124 |
| 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, Dennis A And Julia M Watkins Foundation Inc has awarded $74,504 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ECONOMIC POLICY INSTITUTE PURPOSE: CONTRIBUTION | $5,060 |
UNIVERSITY OF GEORGIA PURPOSE: CONTRIBUTION | $5,520 |
CONTRES PROJEFCTI DOO PURPOSE: FIELD PRACTICE UNDER COVID-19 | $12,000 |
UNIVERSITY OF UTAH PURPOSE: RESEARCH | $10,000 |
CENTER FOR RESEARCH PURPOSE: RESEARCH | $30,000 |
UNIVERSITY OF SARAJEVO PURPOSE: RESEARCH | $11,924 |