Joe And Arlene Watt Foundation Inc
- Assets
- $23.9m
- Revenue
- $2.9m
- Investments
- $23.1m
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 83-0330482
Organization Overview
Joe And Arlene Watt Foundation Inc is located in Sheridan, WY. The organization was established in 2000. 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. Joe And Arlene Watt 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, Joe And Arlene Watt Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 1.5% per year over the past 7 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 2015, Joe And Arlene Watt Foundation Inc has awarded 137 individual grants totaling $8,187,400. 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 M Pradere Director | 2 | $0 | |
Robert Eberhart Director | 2 | $0 | |
Jack E Pelissier Director | 2 | $0 | |
Ky Dixon Sec/treas | 2 | $0 | |
Richard D Hammer President | 2 | $0 | |
Debra Wendtland Vice Preside | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $290 |
| Interest on Savings | $0 |
| Dividends & Interest | $639,210 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,256,477 |
| Capital Gain Net Income | $2,256,477 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,706 |
| Total Revenue | $2,906,683 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $322 |
| Total operating and administrative expenses | $180,471 |
| Contributions, gifts, grants paid | $1,216,747 |
| Total expenses and disbursements | $1,397,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $838,407 |
| 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 | $2,237,830 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,111 |
| Total assets | $23,911,180 |
| 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, Joe And Arlene Watt Foundation Inc has awarded $1,216,747 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Sheridan, WY PURPOSE: UNRESTRICTED | $300,000 |
SHERIDAN COUNTY YMCA PURPOSE: NEW AQUATIC CENTER | $120,000 |
Sheridan, WY PURPOSE: UNRESTRICTED | $100,000 |
Laramie, WY PURPOSE: PESIDENTIAL SCHOLARSHIP | $100,000 |
SHERIDAN COLLEGE FOUNDATION PURPOSE: WHITNEY CENTER FOR ARTS | $100,000 |
SHERIDAN CNTY HOSPITAL FOUNDATION PURPOSE: TCU BUILDING FUND | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
The Piton Foundation Denver, CO | $212,611,882 | $13,782,087 |
Ssb Charitable Foundation Colorado Springs, CO | $10,867,168 | $21,135,487 |
Greg Carr Foundation Inc Idaho Falls, ID | $40,032,587 | $6,894,106 |
The Dixie And Anne Leavitt Foundation Cedar City, UT | $52,405,557 | $11,398,374 |
The Cielo Foundation Boulder, CO | $91,518,762 | $7,665,188 |