Harvey & Mae Watt Family Foundation Inc
- Assets
- $124.5k
- Revenue
- $53.6k
- Investments
- $123.0k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 58-2231822
Organization Overview
Harvey & Mae Watt Family Foundation Inc is located in Atlanta, GA. The organization was established in 1998. 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. Harvey & Mae Watt Family 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, Harvey & Mae Watt Family Foundation Inc generated $53.6k in total revenue. All expenses for the organization totaled $63.3k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 5 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 2016, Harvey & Mae Watt Family Foundation Inc has awarded 28 individual grants totaling $203,685. 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.
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 |
|---|---|---|---|
Helen W Alston President/secretary/treasu | 0.8 | $0 | |
Robin H Alston Vice President/director | 0.8 | $0 | |
Mary Katherine Watt Tinsley Vice President/director | 0.8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $53,591 |
| Capital Gain Net Income | $53,591 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $53,591 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,030 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,775 |
| Contributions, gifts, grants paid | $58,500 |
| Total expenses and disbursements | $63,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,563 |
| 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 | $124,533 |
| 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, Harvey & Mae Watt Family Foundation Inc has awarded $58,500 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
ALS ASSOCIATION PURPOSE: HEALTH AND WELLNESS RESEARCH | $5,000 |
INTERFAITH OUTREACH HOME PURPOSE: GEENRAL SUPPORT | $5,000 |
KAPPA DELTA FOUNDATION PURPOSE: EDUCATIONAL SUPPORT | $15,000 |
SCAD- DRAWING ON HOPE PURPOSE: EDUCATIONAL SUPPORT, SCHOLARSHIP | $5,000 |
SEMINOLE BOOSTERS INC PURPOSE: ATHLETICS SUPPORT | $6,500 |
ST MARY'S ON THE HIGH PURPOSE: EDUCATIONAL SUPPORT | $5,000 |