Thomas S Watson Supportingfoundation
- Assets
- $6.0m
- Revenue
- $164.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Overland Park, KS
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 20-3982761
Organization Overview
Thomas S Watson Supportingfoundation is located in Overland Park, KS. The organization was established in 2008. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas S Watson Supportingfoundation 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, Thomas S Watson Supportingfoundation generated $164.9k in total revenue. All expenses for the organization totaled $187.7k during the year ending 12/2022. While expenses have increased by 61.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISPLAY GOLF-RELATED AND OTHER MEMORABILIA OF THOMAS S. WATSON TO FURTHER THE GENERAL PUBLIC'S KNOWLEDGE AND UNDERSTANDING OF HIS LIFE AND CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL SUPPORT TO THE FIRST TEE OF GREATER KANSAS CITY, SPONSORED BY THE JUNIOR GOLF FOUNDATION OF GREATER KANSAS CITY, INC. AND THE WATSON YOUTH GOLF FOUNDATION. THE MISSION STATEMENT OF THE PROGRAM IS TO IMPACT THE LIVES OF YOUNG PEOPLE IN THE GREATER KANSAS CITY AREA BY PROVIDING LEARNING FACILITIES AND EDUCATIONAL PROGRAMS THAT PROMOTE CHARACTER DEVELOPMENT AND LIFE-ENHANCING VALUES THROUGH THE GAME OF GOLF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Thiessen Director | Trustee | 1 | $0 |
Thomas S Watson Director | Trustee | 1 | $0 |
Andy Fisher Director | Trustee | 1 | $0 |
David Flanders Director | Trustee | 1 | $0 |
Frank H Kirk Director | Trustee | 1 | $0 |
Michael B Watson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $90,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,000 |
| Total Program Service Revenue | $0 |
| Investment income | $40,151 |
| Tax Exempt Bond Proceeds | $2,589 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,204 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $164,944 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,895 |
| Fees for services: Accounting | $3,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,710 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,372 |
| All other expenses | $0 |
| Total functional expenses | $187,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,995 |
| Savings and temporary cash investments | $135,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,349,098 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,466,205 |
| Total assets | $5,953,298 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,953,298 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,953,298 |
Grants Awarded
Over the last fiscal year, Thomas S Watson Supportingfoundation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR GOLF FOUNDATION OF GREATER KC PURPOSE: FINANCIAL SUPPORT FOR FIRST TEE OF GREATER KANSAS CITY | $38,000 |
THE WATSON YOUTH GOLF FOUNDATION PURPOSE: FINANCIAL SUPPORT FOR WATSON YOUTH GOLF FOUNDATION | $62,000 |