Watson Family Foundation
- Assets
- $276.5k
- Revenue
- $63.5k
- Investments
- $258.4k
- Employees
- 0
- Location
- Houston, TX
- Founding
- 05/1994
- Data as of
- 12/2023
- EIN
- 76-0420732
Organization Overview
Watson Family Foundation is located in Houston, TX. The organization was established in 1994. 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. Watson Family 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, Watson Family Foundation generated $63.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watson Family Foundation has awarded 31 individual grants totaling $1,791,590. 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 |
|---|---|---|---|
Charles L Watson President | 0 | $0 | |
Kim R Watson Vp, Sec, Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$126,879 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $63,514 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $163 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,913 |
| Total operating and administrative expenses | $4,076 |
| Contributions, gifts, grants paid | $1,363,540 |
| Total expenses and disbursements | $1,367,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,138 |
| 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 | $46 |
| Total assets | $276,535 |
| Accounts payable and accrued expenses | $1,426 |
| 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 | $1,426 |
Grants Awarded
Over the last fiscal year, Watson Family Foundation has awarded $1,363,540 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
OKLAHOMA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL OPERATING FUND | $48,040 |
SIGMA CHI FOUNDATION PURPOSE: GENERAL OPERATING FUND | $200,000 |
ALLIED FORCES FOUNDATION INC PURPOSE: GENERAL OPERATING FUND | $3,000 |
WINDWOOD PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING FUND | $1,000,000 |
BEL AIR PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING FUND | $50,000 |
CURTIS SCHOOL PURPOSE: GENERAL OPERATING FUND | $10,000 |