Watterson Family Foundation
- Assets
- $375.9k
- Revenue
- $145.4k
- Investments
- $341.4k
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-1704737
Organization Overview
Watterson Family Foundation is located in Bluffton, SC. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watterson 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 12/2022, Watterson Family Foundation generated $145.4k 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 (35.5%) each year. All expenses for the organization totaled $146.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (29.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watterson Family Foundation has awarded 88 individual grants totaling $741,683. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Watterson Billy J Trustee | 5 | $0 | |
Watterson Brenda S Trustee | 5 | $0 | |
Baxter Jeff Trustee | 1 | $0 | |
Harden Gary Trustee | 2 | $0 | |
Kaczmarek Ryan Trustee | 1 | $0 | |
Latta Marcia Sloan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $150,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$15,193 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,500 |
| Total Revenue | $145,448 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,183 |
| Printing and publications | $0 |
| Other expenses | $2,197 |
| Total operating and administrative expenses | $29,255 |
| Contributions, gifts, grants paid | $116,780 |
| Total expenses and disbursements | $146,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,450 |
| Savings and temporary cash investments | $0 |
| 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 | $375,868 |
| 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 | $17 |
| Total liabilities | $17 |
Grants Awarded
Over the last fiscal year, Watterson Family Foundation has awarded $116,780 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADA EXEMPTED VILLAGE SCHOOLS PURPOSE: STUDENT SUPPORT | $10,000 |
ANTIOCH EDUCATIONAL CENTER PURPOSE: EDUCATION | $10,400 |
BEAUFORT-JASPER EOC INC PURPOSE: ECONOMIC IMPROVEMENT | $1,000 |
BLUFFTON MLK OBSERVANCE COMMITTEE PURPOSE: COMMUNITY WELFARE | $5,000 |
BLACQUITY SC PURPOSE: EMPOWERING MINORITY BUSINESSES | $7,500 |
BLUFFTON SELF HELP PURPOSE: FOOD PANTRY | $11,600 |