Watkins Christian Foundation Inc
- Assets
- $71.6m
- Revenue
- $14.1m
- Investments
- $68.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/1983
- Data as of
- 12/2021
- EIN
- 58-1494832
Organization Overview
Watkins Christian Foundation Inc is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watkins Christian 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 12/2021, Watkins Christian Foundation Inc generated $14.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $4.5m during the year ending 12/2021. While expenses have increased by 7.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Watkins Christian Foundation Inc has awarded 136 individual grants totaling $6,654,350. 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 |
|---|---|---|---|
Michael L Watkins Dir, Pres | 15 | $115,692 | |
Jonathan Winn Sec, Treas | 10 | $19,195 | |
Lee S Freeman VP | 1 | $0 | |
Danielle Clark Assistant Sec | 1 | $0 | |
W Neal Freeman Dir | 1 | $0 | |
George C Watkins Dir, Chairman | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/21 | $116,860 |
Crawford Investment Counsel Inc | 12/30/21 | $323,569 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,576,363 |
| Interest on Savings | $7,879 |
| Dividends & Interest | $1,994,416 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,560,621 |
| Capital Gain Net Income | $9,560,621 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,679 |
| Total Revenue | $14,140,958 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $134,887 |
| Other employee salaries and wages | $312,011 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $167,191 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,241 |
| Printing and publications | $0 |
| Other expenses | $131,032 |
| Total operating and administrative expenses | $1,107,875 |
| Contributions, gifts, grants paid | $3,394,350 |
| Total expenses and disbursements | $4,502,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,796,249 |
| 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 | $71,582,222 |
| 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 Christian Foundation Inc has awarded $3,394,350 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
THE FIRST UNITED METHODIST CHURCH OF LAKELAND INC PURPOSE: GENERAL & UNRESTRICTED | $325,000 |
YOUNG LIFE - TAMPA PURPOSE: GENERAL & UNRESTRICTED | $165,000 |
ADVENTURES OF THE HEART MINISTRIES INC PURPOSE: GENERAL & UNRESTRICTED | $150,000 |
PALMA CEIA PRESBYTERIAN CHURCH PURPOSE: THE BETHLEHEM PROJECT, THE DIGITAL WORSHIP AND FAITH OUTREACH, AND GENERAL OPERATION SUPPORT FUND | $150,000 |
Atlanta, GA PURPOSE: TWENTY YEARS OF TRANSFORMATION: A $20 MILLION CAMPAIGN | $100,000 |
Kansas City, MO PURPOSE: SUPPORT FUND FOR THE 2021 SOUTHEAST DIVISION STAFF AND LEADERSHIP MOBILIZATION IN 12 MAJOR MARKETS | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |
Allegany Franciscan Ministries Inc Palm Harbor, FL | $132,053,877 | $12,610,220 |
Christian Sharing Center Inc Longwood, FL | $4,167,594 | $10,357,110 |
Maimonides-Shalom Academy Inc Fort Lauderdale, FL | $17,956,185 | $11,187,159 |
Wellspring Living Inc Atlanta, GA | $3,565,992 | $9,107,143 |
Sail-School For Arts-Infused Learning Evans, GA | $15,793,761 | $7,096,452 |