Watson-Brown Foundation Inc
- Assets
- $140.0m
- Revenue
- $2.9m
- Investments
- $120.7m
- Employees
- 0
- Location
- Thomson, GA
- Founding
- 03/1972
- Data as of
- 12/2022
- EIN
- 23-7097393
Organization Overview
Watson-Brown Foundation Inc is located in Thomson, GA. The organization was established in 1972. 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. Watson-Brown Foundation Inc 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, Watson-Brown Foundation Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $8.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watson-Brown Foundation Inc has awarded 720 individual grants totaling $18,240,856. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
MAINTAINING AND PRESERVING THREE HISTORIC HOUSE MUSEUMS AND THEIR HISTORIC GARDENS AND GROUNDS FOR THE CONDUCT OF VARIOUS EDUCATIONAL PROGRAMMING INCLUDING PUBLIC TOURS, SCHOOL FIELD TRIPS, SEMINARS AND SYMPOSIA, SUMMER CAMPS,
ALLOCATION OF EXPENSES FOR ADMINISTERING SCHOLARSHIPS ANDGRANTS INCURRED BY THE FOUNDATION OFFICE. ALLOCATION ISBASED ON A COMBINATION OF DIRECT COST AND A PERCENTAGE OFALL OTHER EXPENSES.
TOM WATSON BROWN BOOK AWARD. THE ANNUAL AWARD IS MADE THROUGH THE AUSPICES OF THE SOCIETY OF CIVIL WAR HISTORIAN FOR A SINGLE OUTSTANDING BOOK ON THE AMERICAN CIVIL WAR. SCHOLARLY AND TRADE PRESSES SUBMIT BOOKS FOR CONSIDERATION BY A THREE JUROR PANEL OF CIVIL WAR SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Brown Jr President | 50 | $168,754 | |
Joab Lesesne Chairman | 2.5 | $12,000 | |
Wyche Fowler Jr Trustee | 2.5 | $12,000 | |
John Woodham Trustee | 2.5 | $12,000 | |
Samuel N Thomas Jr House Museum Curator | 45 | $88,812 | |
Michelle L Zupan House Museum Curator | 45 | $83,545 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mercer Investment Consulting Inc | 12/30/22 | $201,592 |
Wierstewart Llc | 12/30/22 | $59,057 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69 |
| Interest on Savings | $10,473 |
| Dividends & Interest | $1,099,018 |
| Net Rental Income | $20,290 |
| Net Gain on Sale of Assets | $1,749,064 |
| Capital Gain Net Income | $1,749,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $523 |
| Other Income | $720 |
| Total Revenue | $2,880,157 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $204,754 |
| Other employee salaries and wages | $615,871 |
| Pension plans, employee benefits | $161,806 |
| Interest | $68,637 |
| Taxes | $360,825 |
| Depreciation | $534,964 |
| Occupancy | $256,163 |
| Travel, conferences, and meetings | $45,847 |
| Printing and publications | $0 |
| Other expenses | $519,511 |
| Total operating and administrative expenses | $3,789,107 |
| Contributions, gifts, grants paid | $5,103,592 |
| Total expenses and disbursements | $8,892,699 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,706,464 |
| Net Accounts receivable | $1,354 |
| 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 | $5,780 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,691,710 |
| Net Land, buildings, and equipment | $15,179,772 |
| Other assets | $437,005 |
| Total assets | $140,022,085 |
| 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 | $2,144,123 |
| Other liabilities | $9,581 |
| Total liabilities | $2,153,704 |
Grants Awarded
Over the last fiscal year, Watson-Brown Foundation Inc has awarded $5,103,592 in support to 174 organizations.
| Grant Recipient | Amount |
|---|---|
BERRY COLLEGE PURPOSE: AWARDED SCHOLARSHIP GRANTS | $55,500 |
CHAPMAN CULTURAL CENTER INC PURPOSE: AWARDED SCHOLARSHIP GRANTS | $50,000 |
GEORGIA COLLEGE & STATE UNIVERSITY PURPOSE: AWARDED SCHOLARSHIP GRANTS | $5,000 |
HISTORIC COBBHAM PURPOSE: AWARDED SCHOLARSHIP GRANTS | $4,965 |
JACKSON COUNTY GOVERNMENT PURPOSE: AWARDED SCHOLARSHIP GRANTS | $7,000 |
CITY OF WINTERVILLE PURPOSE: AWARDED SCHOLARSHIP GRANTS | $9,085 |