Leslie B Watson Charitable Foundation
- Assets
- $156.6k
- Revenue
- $6.0k
- Investments
- $148.7k
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- Data as of
- 12/2023
- EIN
- 63-1226241
Organization Overview
Leslie B Watson Charitable Foundation is located in Montgomery, AL. 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. Leslie B Watson 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nannette J Watson Director/president & Treas | 0 | $0 | |
Carol W Hill Director | 0 | $0 | |
Claire W Corley Director | 0 | $0 | |
Leslie B Watson III Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15 |
| Dividends & Interest | $4,976 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $975 |
| Capital Gain Net Income | $975 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,966 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $321 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $863 |
| Total operating and administrative expenses | $2,684 |
| Contributions, gifts, grants paid | $27,000 |
| Total expenses and disbursements | $29,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,922 |
| 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 | $148,678 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $156,600 |
| 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, Leslie B Watson Charitable Foundation has awarded $27,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION LEE STORY MEMORIAL SCHOLARSHIP PURPOSE: SCHOLARSHIPS | $2,500 |
BETHSAIDA BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $1,000 |
BUTLER COUNTY CHILDREN'S ADVOCACY CENTER PURPOSE: GENERAL OPERATIONS | $3,000 |
EMBRACE ALABAMA KIDS PURPOSE: GENERAL OPERATIONS | $2,500 |
GREENVILLE UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATIONS | $3,000 |
MONTGOMERY AREA FOOD BANK INC PURPOSE: GENERAL OPERATIONS | $2,500 |