Lions 19b Watters Charitable Trust
- Assets
- $128.0k
- Revenue
- $4.0k
- Investments
- $126.5k
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 05/1998
- Data as of
- 06/2024
- EIN
- 91-1726281
Organization Overview
Lions 19b Watters Charitable Trust is located in Seattle, WA. The organization was established in 1998. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Lions 19b Watters Charitable Trust 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 06/2024, Lions 19b Watters Charitable Trust generated $4.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $4.7k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (9.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO CLEAR WALKING AND BIKE RIDING TRAILS AT A PARK IN SETAC WA
FUNDS ARE USED FOR A STORAGE UNIT FOR THE LIONS GIVING LIBRUARY THAT PROVIDES FREE BOOKS TO LOW INCOME INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Lally President | 0.1 | $0 | |
Douglas Houghton Cabinet Sectreasurer | 0.5 | $0 | |
Janet Rinehart Sectreasurer | 0.5 | $0 | |
Donna Oiland Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $60 |
| Dividends & Interest | $3,920 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $659 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,980 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,923 |
| Contributions, gifts, grants paid | $2,750 |
| Total expenses and disbursements | $4,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,488 |
| 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 | $127,979 |
| 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, Lions 19b Watters Charitable Trust has awarded $2,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BURIEN LIONS CLUB PURPOSE: TO CLEAR WALKING AND BIKING TRAILS AT A PARK | $1,500 |
RENTON LIONS CLUB PURPOSE: STORAGE FEES FOR LIONS GIVING LIBRUARY | $1,250 |