Watkins Family Charitable Foundation
- Assets
- $16.7m
- Revenue
- $3.3m
- Investments
- $12.3m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 11/1998
- Data as of
- 12/2023
- EIN
- 54-1873256
Organization Overview
Watkins Family Charitable Foundation is located in Chicago, IL. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Watkins Family Charitable 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 12/2023, Watkins Family Charitable Foundation generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $271.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Watkins Family Charitable Foundation has awarded 334 individual grants totaling $5,669,155. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Northern Trust Company Co-Trustee | 1 | $40,648 | |
H Thomas Watkins III Co-Trustee | 1 | $0 | |
Wendy R Watkins Co-Trustee | 1 | $0 | |
Philip A Huss Deceased Co-Trustee | 1 | $7,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $406,158 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,857,989 |
| Capital Gain Net Income | $2,857,989 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,264,147 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $47,770 |
| Other employee salaries and wages | $10,500 |
| Pension plans, employee benefits | $803 |
| Interest | $0 |
| Taxes | $801 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,487 |
| Total operating and administrative expenses | $77,361 |
| Contributions, gifts, grants paid | $194,500 |
| Total expenses and disbursements | $271,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,448,869 |
| 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 | $16,731,839 |
| 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, Watkins Family Charitable Foundation has awarded $473,714 in support to 49 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $500 |
AMERICAN HEART ASSOC PURPOSE: UNRESTRICTED | $200 |
AMERICAN LUNG ASSOC PURPOSE: UNRESTRICTED | $500 |
ART INSTITUTE OF CHICAGO PURPOSE: UNRESTRICTED | $5,000 |
ARTIS - NAPLES (BAKER MUSEUM & NAPLES PHILHARMONIC) PURPOSE: UNRESTRICTED | $5,000 |
AUGUASTA UNIVERSITY FOUNDATION PURPOSE: UNRESTRICTED | $9,694 |