Dolly Richter Watson Memorial Foundation
- Assets
- $3.1m
- Revenue
- $186.8k
- Investments
- $2.3m
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 10/2004
- Data as of
- 12/2021
- EIN
- 20-0018018
Organization Overview
Dolly Richter Watson Memorial Foundation is located in Laredo, TX. The organization was established in 2004. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dolly Richter Watson Memorial 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 12/2021, Dolly Richter Watson Memorial Foundation generated $186.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $27.5k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Watson Director | 0 | $0 | |
James K Jones Jr Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $145 |
| Dividends & Interest | $71,517 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,977 |
| Capital Gain Net Income | $16,343 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,831 |
| Total Revenue | $186,808 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $27,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,881 |
| Savings and temporary cash investments | $121,739 |
| 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 | $604,159 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,133,218 |
| 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 | $41,116 |
| Total liabilities | $41,116 |
Grants Awarded
Over the last fiscal year, Dolly Richter Watson Memorial Foundation has awarded $37,900 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M INTERNATIONAL UNIVERSITY PURPOSE: SCHOLARSHIP | $27,900 |
TEXAS A&M INTERNATIONAL UNIVERSITY PURPOSE: SCHOLARSHIP | $5,000 |
THE UNIVERSITY OF TEXAS AT AUSTIN PURPOSE: SCHOLARSHIP | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |
Oklahoma City Museum Of Art Oklahoma City, OK | $47,340,772 | $7,968,737 |
Chinati Foundation Marfa, TX | $22,539,497 | $3,562,112 |
Contemporary Arts Museum Houston Houston, TX | $15,488,500 | $3,325,689 |
Site Santa Fe Santa Fe, NM | $20,776,808 | $1,925,368 |
San Angelo Museum Of Fine Arts San Angelo, TX | $11,754,792 | $1,281,698 |
Art Museum Of Southeast Texas Beaumont, TX | $8,826,448 | $1,080,089 |
Tyler Museum Of Art Tyler, TX | $8,357,948 | $542,491 |
Ellen Noel Art Museum Of The Permian Basin Odessa, TX | $12,466,514 | $1,781,950 |