Hunter Brooks Watson Memorial Fund
- Assets
- $387.9k
- Revenue
- $223.6k
- Investments
- $0.0
- Employees
- 3
- Location
- McLean, VA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-0574041
Organization Overview
Hunter Brooks Watson Memorial Fund is located in McLean, VA. The organization was established in 2019. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Hunter Brooks Watson Memorial Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hunter Brooks Watson Memorial Fund 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, Hunter Brooks Watson Memorial Fund generated $223.6k 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 (12.6%) each year. All expenses for the organization totaled $259.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HUNTER'S FUND SEEKS OUT YOUNG PEOPLE WITH PROMISING IDEAS TO SUPPORT AND FUNDS SAFE DRIVING CAMPAIGN ON SCHOOL CAMPUSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HUNTER BROOKS WATSON MEMORIAL FUND BELIEVES YOUNG PEOPLE HOLD THE ANSWERS TO WHERE THE NEXT GREAT IDEAS COME FROM, WHO WILL PROVIDE INSIGHT, INSPIRATION, AND HARD WORK TO CREATE A BETTER TOMORROW. YOUNG PEOPLE ARE USING THEIR TALENTS AND PASSIONS TO FIND WAYS TO IMPROVE THE WORLD. THEIR DREAMS ARE OF THINGS YET TO BE SEEN. WHILE WE DON'T KNOW WHAT TOMORROW WILL BRING, WE DO KNOW THAT TODAY'S YOUTH AND THEIR IDEAS WILL BE PROPELLING THE CHANGES TO COME. HUNTER'S FUND INVESTS IN YOUNG PEOPLE (16-25) WHO HAVE DEMONSTRATED TALENT, EXPERIENCE, AND PASSION. THESE GRANTS REWARD INNOVATION AND PROVIDE SUPPORT FOR YOUNG PEOPLE WHO APPROACH LIFE WITH POWERFUL IDEAS. PREFERENCE IS GIVEN TO APPLICATIONS IN THE AREAS OF MUSIC, PERFORMING ARTS, COMPUTER SCIENCE, AND ENTREPRENEURSHIP.
SAFE DRIVING PROGRAMS HUNTER WATSON DIED AS A PASSENGER IN A DISTRACTED DRIVING ACCIDENT JUST AS HE WAS TO ENTER HIS JUNIOR YEAR IN COLLEGE. DISTRACTED DRIVING ACCIDENTS ARE PREVENTABLE AND CHANGING BEHAVIOR IS ONE OF THE MOST PROMISING WAYS OF REDUCING ACCIDENTS CAUSED BY DISTRACTED DRIVING. STUDIES BASED UPON SEAT BELT USAGE AND DISPOSABLE WASTE HAVE SHOWN THAT SIGNING A WRITTEN PLEDGE CAN EFFECTIVELY CHANGE BEHAVIOR. RESEARCH ALSO SHOWS THAT PER-MILE-DRIVEN, 16-19 YEAR-OLDS DIE IN FATAL CAR CRASHES AT NEARLY THREE TIMES THE RATE OF DRIVERS 20 YEARS AND OLDER, AND 70% OF TEENS REPORT USING SOCIAL MEDIA. THE LOSS OF SOMEONE IN A DRIVING ACCIDENT AT SUCH A YOUNG AGE CAN CHANGE THE LIVES OF THEIR FRIENDS AND FAMILIES FOR A LIFETIME. IN 2021, THE HUNTER BROOKS WATSON MEMORIAL FUND PREPARED CAMPAIGN MATERIALS TO FUND SAFE DRIVING CAMPAIGNS ON 45 COLLEGE AND HIGH SCHOOL CAMPUSES. COVID-19 RESTRICTIONS BEGAN IMPACTING THESE CAMPAIGNS IN MARCH OF 2020 AND HAVE CONTINUED TO HAVE AN EFFECT ON PROGRAMS THROUGH THE END OF 2021. MATERIALS WERE PRODUCED IN 2020 THAT ENABLED THESE CAMPAIGNS TO CONTINUE IN COMPLIANCE WITH CDC AND CAMPUS GUIDELINES, AND THESE MATERIALS HAVE CONTINUED TO BE AN IMPORTANT POINT IN GAINING SUPPORT FROM CAMPUS ADMINISTRATORS. AS MANY SCHOOLS BEGAN TO RETURN TO CAMPUS IN SPRING OF 2021, THESE NEWLY DESIGNED MATERIALS ALLOWED STUDENTS TO COMMIT TO SAFER DRIVING WHILE KEEPING THEMSELVES AND THEIR COMMUNITY PROTECTED DURING AN UNPRECEDENT PANDEMIC. THE PROGRAM HAS SEEN SIGNIFICANT GROWTH THROUGH 2021 AS AN UNPRECEDENTED 15 CAMPUSES HOSTED CAMPAIGNS IN FALL OF 2021 BEATING PREVIOUS RECORDS FOR FUNDS RAISED AND PLEDGES SIGNED.
EDUCATIONWITH THE ORGANIZATION'S SAFE DRIVING PROGRAMS ON DOZENS OF CAMPUSES, PRINT NEWSLETTERS, WEBSITE, BLOG, SOCIAL MEDIA AND EMAIL COMMUNICATIONS, AND EDUCATIONAL MATERIALS THAT REACH YOUNG PEOPLE, PARENTS AND THOSE IN THE EDUCATIONAL COMMUNITY SEEK TO BUILD AWARENESS OF THE POTENTIAL OF NEW IDEAS AND HOW RECOGNIZING AND SUPPORTING THESE YOUNG PEOPLE CAN HELP THEM BECOME POTENTIAL FOR CHANGE IN OUR OWN FUTURE. CONTINUED EDUCATION OF THE IMPORTANCE OF SAFE DRIVING AND REMINDERS OF THE COMMITMENT THOSE SIGNING PLEDGES ENCOURAGE CONTINUED SAFE DRIVING. WRISTBANDS AND KEY CHAIN REMINDERS WERE GIVEN TO PLEDGE SIGNERS WHO HAVE SHOWN TO BE A REMINDER TO THOSE WEARING THEM EACH TIME THEY GET BEHIND THE WHEEL OF A CAR OR AS A PASSENGER IN A VEHICLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jordan Parent President | OfficerTrustee | 5 | $0 |
Matt Kimm Director | Trustee | 1 | $0 |
Mattieu Menand Director | Trustee | 1 | $0 |
Mandeleine Bunbury Vice President | OfficerTrustee | 1 | $0 |
Sam Brown Director | Trustee | 1 | $0 |
Liam Catto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,979 |
| Total Program Service Revenue | $0 |
| Investment income | $640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,383 |
| Grants and other assistance to domestic individuals. | $32,594 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,777 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,289 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248 |
| Advertising and promotion | $13,297 |
| Office expenses | $7,110 |
| Information technology | $3,481 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,421 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $259,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,453 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $626 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $248,825 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $387,904 |
| Accounts payable and accrued expenses | $22,676 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,676 |
| Net assets without donor restrictions | $365,228 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $387,904 |
Grants Awarded
Over the last fiscal year, Hunter Brooks Watson Memorial Fund has awarded $31,541 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PHI KAPPA PSI FOUNDATION PURPOSE: Supports the educational and leadership programs of this non-profit organization which assists the Hunter Brooks Watson Memorial Fund on college campuses to encourage students to sign Hunter's Pledge to End Dristracted Driving. | $21,541 |
SYRACUSE UNIVERSITY PURPOSE: Entrpreneurship awards. | $10,000 |