Watt Brothers Scholars Trust
- Assets
- $1.3m
- Revenue
- $201.0k
- Investments
- $1.2m
- Employees
- 0
- Location
- Tillamook, OR
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 93-1224469
Organization Overview
Watt Brothers Scholars Trust is located in Tillamook, OR. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watt Brothers Scholars 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 12/2021, Watt Brothers Scholars Trust generated $201.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $111.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Watt Brothers Scholars Trust has awarded 256 individual grants totaling $682,992. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION GRANTS TO STUDENTS WHO GRADUATE FROM TILLAMOOK COUNTY HIGH SCHOOLS. 37 STUDENTS WERE AWARDED TUITION ASSISTANCE OR GRANTS IN THE 2021 YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Wustenberg Director | 0.25 | $0 | |
Mark Wustenberg Chairman | 0.25 | $0 | |
Prudence Denny Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1 |
| Dividends & Interest | $38,401 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $162,645 |
| Capital Gain Net Income | $162,645 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $201,047 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,949 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,230 |
| Total operating and administrative expenses | $14,351 |
| Contributions, gifts, grants paid | $97,497 |
| Total expenses and disbursements | $111,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $27,891 |
| 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 | $1,236,717 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,023 |
| Total assets | $1,276,631 |
| 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, Watt Brothers Scholars Trust has awarded $97,497 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
BOOSTER OF SCHOOL SPEECH ACTIVITIES PURPOSE: HIGH SCHOOL FELLOWSHIP | $5,000 |
WHITNEY AVERILL PURPOSE: TUITION GRANT | $4,000 |
KARISSA HADERMANN PURPOSE: TUITION GRANT | $4,000 |
TYLER ERNST PURPOSE: TUITION GRANT | $4,000 |
KELLEN SHELLEY PURPOSE: TUITION GRANT | $4,000 |
BRODIE QUEEN PURPOSE: TUITION GRANT | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles And Helen Schwab Foundation San Francisco, CA | $691,573,201 | $120,025,754 |
Hispanic Scholarship Fund Gardena, CA | $152,619,685 | $60,036,131 |
College Track Oakland, CA | $64,375,720 | $27,539,542 |
Business For Social Responsibility San Francisco, CA | $23,283,625 | $33,746,077 |
Mcconnell Foundation Redding, CA | $0 | $21,867,294 |
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |