C Scott And Dorothy E Watkins Charitable Foundation
- Assets
- $46.4m
- Revenue
- $4.3m
- Investments
- $46.2m
- Employees
- 0
- Location
- West Jordan, UT
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 87-6218993
Organization Overview
C Scott And Dorothy E Watkins Charitable Foundation is located in West Jordan, UT. The organization was established in 1992. 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. C Scott And Dorothy E Watkins 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 12/2023, C Scott And Dorothy E Watkins Charitable Foundation generated $4.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $4.1m during the year ending 12/2023. While expenses have increased by 2.5% per year over the past 5 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 2020, C Scott And Dorothy E Watkins Charitable Foundation has awarded 421 individual grants totaling $16,501,000. 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 |
|---|---|---|---|
Jay Rasmussen Trustee | 0 | $1,300 | |
Gary Watkins Trustee | 1 | $1,300 | |
Carol Watkins Trustee | 0 | $1,300 | |
Lisa Blake Trustee | 8 | $1,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,398 |
| Dividends & Interest | $923,941 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,366,010 |
| Capital Gain Net Income | $3,366,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,297,349 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,200 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,939 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $326 |
| Printing and publications | $0 |
| Other expenses | $577 |
| Total operating and administrative expenses | $30,257 |
| Contributions, gifts, grants paid | $4,020,000 |
| Total expenses and disbursements | $4,050,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,475 |
| 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 | $46,411,296 |
| 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, C Scott And Dorothy E Watkins Charitable Foundation has awarded $4,020,000 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY FOUND PURPOSE: CHARITABLE USE | $15,000 |
ALZHEIMERS ASSOCIATION OF UTAH PURPOSE: CHARITABLE USE | $30,000 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE USE | $40,000 |
AMERICAN INDIAN SERVICES PURPOSE: CHARITABLE USE | $10,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE USE | $100,000 |
ASSISTANCE LEAGUE OF SALT LAKE CITY PURPOSE: CHARITABLE USE | $5,000 |