John H Watson Charitable Foundation
- Assets
- $32.9m
- Revenue
- $770.5k
- Investments
- $32.7m
- Employees
- 0
- Location
- Dothan, AL
- Founding
- 05/1998
- Data as of
- 12/2022
- EIN
- 72-1372393
Organization Overview
John H Watson Charitable Foundation is located in Dothan, AL. The organization was established in 1998. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. John H 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.
For the year ending 12/2022, John H Watson Charitable Foundation generated $770.5k 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 (27.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, John H Watson Charitable Foundation has awarded 57 individual grants totaling $2,791,750. 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 |
|---|---|---|---|
John H Watson Director | 0.4 | $0 | |
Gail P Watson Director | 0.2 | $0 | |
John R Watson Director | 0.1 | $0 | |
Abby W Downs Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $677,921 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $92,559 |
| Capital Gain Net Income | $92,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $770,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $102,118 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $284 |
| Total operating and administrative expenses | $239,759 |
| Contributions, gifts, grants paid | $1,411,800 |
| Total expenses and disbursements | $1,651,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,870 |
| Savings and temporary cash investments | $180,667 |
| 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 | $32,910,398 |
| 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, John H Watson Charitable Foundation has awarded $1,411,800 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE CHRISTIAN PURPOSE: CHARITABLE | $10,000 |
ALABAMA NETWORK OF FAMILY RESOURCE CENTERS PURPOSE: CHARITABLE | $20,000 |
ALABAMA POLICY INSTITUTE PURPOSE: CHARITABLE | $125,000 |
ALABAMA STATE GAMES- ASF FOUNDATION PURPOSE: CHARITABLE | $5,000 |
AUBURN UNIVERSITY PURPOSE: CHARITABLE | $501,000 |
CALCUTTA MERCY PURPOSE: CHARITABLE | $7,000 |