Bubba Watson Foundation Inc
- Assets
- $510.3k
- Revenue
- $100.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 07/2014
- Data as of
- 12/2022
- EIN
- 46-4766368
Organization Overview
Bubba Watson Foundation Inc is located in Pensacola, FL. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bubba Watson 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, Bubba Watson Foundation Inc generated $100.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (54.1%) each year. All expenses for the organization totaled $20.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (81.1%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BUBBA WATSON FOUNDATION INC. IS TO ENHANCE THE EVERY-DAY LIVES OF PEOPLE IN NEED WITH A PARTICULAR EMPHASIS ON HELPING AND INSPIRING CHILDREN, YOUNG ADULTS, AND THOSE ASSOCIATED WITH THE U.S. MILITARY. IT IS OUR BELIEF THAT EVERYONE DESERVES THE OPPORTUNITY TO PURSUE THEIR DREAMS WHILE BECOMING PRODUCTIVE AND RESPONSIBLE MEMBERS OF SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS EXISTING ORGANIZATIONS WITH PROGRAMS THAT ALIGN WITH OUR MISSION. THE SUPPORT IS PROVIDED BOTH THROUGH DIRECT FINANCIAL ASSISTANCE AND INDIRECT SUPPORT IN RAISING THE AWARENESS OF THEIR CAUSES AND NEED FOR SUPPORT.
BUBBA'S BASH - THE FOUNDATION RUNS AN ANNUAL FAITH BASED MUSIC AND ENTERTAINMENT EVENT CALLED BUBBA'S BASH THAT IS DESIGNED TO INSPIRE PEOPLE TO GIVE BACK TO THEIR COMMUNITIES WHILE ALSO SHARING THE CHRISTIAN FAITH. FOR 2015, THE EVENT WAS HELD IN PENSACOLA, FL AND REACHED OVER 4,700 ATTENDEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerry Bubba Watson Board Member | 0.1 | $0 | |
Angie Watson Board Member | 0.1 | $0 | |
J Randall Wells Treasurer Board Member | 0.2 | $0 | |
Jens Beck Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $46 |
| 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 | $100,046 |
| 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 | $324 |
| Total operating and administrative expenses | $324 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $20,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,109 |
| Savings and temporary cash investments | $208,198 |
| 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 | $510,307 |
| 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, Bubba Watson Foundation Inc has awarded $20,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CANINE COMPANIONS PURPOSE: GRANT TO SUPPORT CANINE COMPANIONS MISSION TO PROVIDE HIGHLY TRAINED SERVICE DOGS TO PEOPLE WITH DISABILITIES AT NO COST. | $5,000 |
FIRST TEE GULF COAST PURPOSE: GRANT TO FIRST TEE GULF COAST IN SUPPORT OF THE ANNUAL DIVOT DERBY GOLF TOURNAMENT FOR KIDS IN THE PENSACOLA AREA. | $15,000 |