Watson Memorial Home
- Assets
- $22.2m
- Revenue
- $3.1m
- Investments
- $20.8m
- Employees
- 0
- Location
- Warren, PA
- Founding
- 09/1938
- Data as of
- 12/2021
- EIN
- 25-0965602
Organization Overview
Watson Memorial Home is located in Warren, PA. The organization was established in 1938. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, 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. Watson Memorial Home 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, Watson Memorial Home generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATSON MEMORIAL HOME PROVIDED SUSTENANCE, SHELTER, CLOTHING, MEDICAL ATTENTION AND A MONTHLY ALLOWANCE TO 26 ELDERLY WOMEN IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Pring Vice Preside | 1 | $0 | |
Kathleen Courson Director | 1 | $0 | |
Ann Ferguson President | 1 | $0 | |
Kathryn Carlson Secretary | 1 | $0 | |
Dana Kubiak Treasurer | 1 | $0 | |
Gale Dyke Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $235,129 |
| Interest on Savings | $2 |
| Dividends & Interest | $724,595 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,536,049 |
| Capital Gain Net Income | $1,535,395 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $612,422 |
| Total Revenue | $3,108,197 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $964,533 |
| Pension plans, employee benefits | $197,380 |
| Interest | $0 |
| Taxes | $22,517 |
| Depreciation | $41,010 |
| Occupancy | $113,516 |
| Travel, conferences, and meetings | $4,756 |
| Printing and publications | $0 |
| Other expenses | $422,424 |
| Total operating and administrative expenses | $1,933,705 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,933,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,564 |
| Savings and temporary cash investments | $948,970 |
| 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 | $874,816 |
| Net Land, buildings, and equipment | $407,398 |
| Other assets | $2,957 |
| Total assets | $22,178,959 |
| 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, Watson Memorial Home has awarded $700 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
PETERSON-BLICK FUNERAL HOME PURPOSE: MEMORIAL DONATION FOR CASTRO FUNERAL | $200 |
PETERSON-BLICK FUNERAL HOME PURPOSE: MEMORIAL DONATION FOR CASTRO FUNERAL | $200 |
GLADE TOWNSHIP VFD PURPOSE: CHARITABLE VFD | $100 |
GLADE TOWNSHIP VFD PURPOSE: CHARITABLE VFD | $100 |
Warren, PA PURPOSE: DONATION | $50 |
Warren, PA PURPOSE: DONATION | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Friends Of The High Line Inc New York, NY | $106,621,000 | $20,114,000 |
World Monuments Fund Inc New York, NY | $56,711,356 | $20,259,179 |
Historic Hudson Valley Pocantico Hills, NY | $88,361,473 | $19,006,453 |
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
The Fort Ticonderoga Association Inc Ticonderoga, NY | $22,583,346 | $10,084,437 |
Historical Society Of Western Pennsylvania Pittsburgh, PA | $61,152,096 | $7,849,869 |
Statue Of Liberty Ellis Island Foundation Inc New York, NY | $69,211,443 | $8,809,212 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Philos Project Inc New York, NY | $1,194,685 | $1,246,393 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |