Bubba Watson Foundation Inc
- Assets
- $729.9k
- Revenue
- $101.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 07/2014
- Data as of
- 12/2018
- 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 12/2018, Bubba Watson Foundation Inc generated $101.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $127.3k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (31.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
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 |
|---|---|---|---|
Angie Watson President | OfficerTrustee | 1 | $0 |
J Randall Wells Treasurer, Secretary | OfficerTrustee | 3 | $0 |
Gerry Bubba Watson Jr Board Member | Trustee | 1 | $0 |
Jens Beck Board Member | Trustee | 0.25 | $0 |
Josh Pape Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,891 |
| Investment income | $1,534 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $127,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $729,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $729,875 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $729,875 |
Grants Awarded
Over the last fiscal year, Bubba Watson Foundation Inc has awarded $370,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: TO SUPPORT CONSTRUCTION OF NEW FREE STANDING CHILDREN'S HOSPITAL. | $100,000 |
Milton, FL PURPOSE: TO FUND THE PURCHASE OF A VEHICLE FOR A NEW MOBILE UNIT TO HELP SERVICES REACH THOSE WHO CANNOT MAKE IT TO THE PRIMARY FACILITY. | $100,000 |
Pensacola, FL PURPOSE: TO SUPPORT CONSTRUCTION OF NEW YMCA IN DOWNTOWN PENSACOLA, FL. | $100,000 |
Elk Grove, CA PURPOSE: TO SUPPORT ADOPTION AND SUPPORT SERVICES FOR PREGNANT WOMEN IN DIFFICULT SITUATIONS. | $25,000 |
Atlanta, GA PURPOSE: TO SUPPORT NEW FAITH-BASED SCHOOL TARGETING UNDERSERVED URBAN COMMUNITY IN DOWNTOWN ATLANTA, GA. | $25,000 |
WALKING FOR KIDS PURPOSE: TO SUPPORT A VARIETY OF CHILDREN'S CHARITIES. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bubba Watson Foundation Inc has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: General Support | $100,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ums-Wright Corporation Mobile, AL | $47,143,779 | $23,485,444 |
Boys & Girls Club Of Lanier Inc Gainesville, GA | $11,561,419 | $9,878,152 |
Excellence In Education National Inc Tallahassee, FL | $1,585,367 | $2,119,515 |
Progressive Agriculture Foundation Birmingham, AL | $1,602,954 | $2,339,463 |
Ronald Mcdonald House Charities Of Northwest Florida Inc Pensacola, FL | $7,362,499 | $1,624,736 |
Digital Vibez Inc West Palm Beach, FL | $503,053 | $1,150,763 |
Concerned Citizens For Our Youth Inc Jasper, AL | $2,606,099 | $944,991 |
Children 1st Community Development Services Atlanta, GA | $152,854 | $873,207 |
Childrens Services Council Of Florida Inc Tallahassee, FL | $942,648 | $880,357 |
Jhett Micheal Scholars Foundation Inc Atlanta, GA | $37,855 | $825,305 |
Huntsville Soccer Club Inc Huntsville, AL | $473,605 | $851,936 |
Onbikes Inc Tampa, FL | $157,077 | $701,944 |