The Watson Institute
- Assets
- $158.8m
- Revenue
- $12.9m
- Investments
- $137.3m
- Employees
- 111
- Location
- Sewickley, PA
- Founding
- 03/1989
- Data as of
- 06/2022
- EIN
- 25-1561504
Organization Overview
The Watson Institute is located in Sewickley, PA. The organization was established in 1989. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Watson Institute employed 111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson Institute 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 06/2022, Watson Institute generated $12.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $7.3m during the year ending 06/2022. 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
SERVES AS A PARENT CORPORATION TO NON-PROFIT EDUCATIONAL ENTITIES. PROVIDES DIAGNOSTIC, THERAPEUTIC, OUTPATIENT AND RESPITE SERVICES TO CHILDREN AND FAMILIES AND PROVIDES TRAINING TO EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PSYCHOLOGICAL SERVICES PROGRAM ADDRESSES THE DIAGNOSIS, TREATMENT, & INTERVENTION FOR CHILDREN WITH AUTISM & RELATED DISORDERS BY PROVIDING INTENSIVE BEHAVIOR HEALTH SERVICES, FAMILY & GROUP THERAPY SESSIONS, SOCIAL SKILLS GROUPS, & MEDICATION MANAGEMENT. THE NUMBER OF CHILDREN SERVED DURING FISCAL YEAR 2022 TOTALED: 26 INTENSIVE BEHAVIOR HEALTH SERVICES, 51 EXTENDED SCHOOL YEAR (ESY); & 607 OUTPATIENT.
SCHOLARSHIPS FOR STUDENTS ATTENDING THE EDUCATION CENTER AT THE WATSON INSTITUTE.
TRAINING AND CONSULTATION PROVIDES CONSULTATION, TRAINING, PROGRAM DEVELOPMENT AND CONTRACTUAL SERVICES TO SCHOOL DISTRICTS, MENTAL HEALTH/MENTAL RETARDATION AND WRAP-AROUND SERVICE PROVIDERS. 18 SCHOOL DISTRICTS WERE SERVED IN FISCAL YEAR 2022.
THE WATSON INSTITUTE SOCIAL CENTER FOR ACADEMY ACHIEVEMENT (WISCA) BEGAN IN THE FALL OF 2008. WISCA IS DESIGNED TO MEET THE INDIVIDUAL NEEDS OF ADOLESCENTS WITH HIGH FUNCTIONING AUTISM WHO REQUIRE THERAPEUTIC INTERVENTION AND SUPPORTS THAT CANNOT BE DELIVERED IN A TRADITIONAL CLASSROOM SETTING. AN ONLINE ACADEMIC CURRICULUM IS PAIRED WITH THERAPEUTIC TRAINING AND COMMUNITY BASED INTERVENTION BASED ON EACH STUDENTS INDIVIDUALIZED EDUCATION PLAN. WISCA HAD 84 STUDENTS ENROLLED FOR FISCAL YEAR 2022.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Bohn Ceo/assistant Secretary | OfficerTrustee | 8 | $0 |
Jeffrey S Flick Chairperson | OfficerTrustee | 1 | $0 |
Mark Hale Vice Chairperson | OfficerTrustee | 1 | $0 |
John Schmitt Treasurer | OfficerTrustee | 1 | $0 |
Michael A Angerman Secretary | OfficerTrustee | 1 | $0 |
David R Freudenrich Trustee | 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 | $1,998,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,998,139 |
| Total Program Service Revenue | $5,645,697 |
| Investment income | $3,771,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,368,695 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,934,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $136,600 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $133,773 |
| Compensation of current officers, directors, key employees. | $129,561 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,806,225 |
| Pension plan accruals and contributions | $103,323 |
| Other employee benefits | $588,359 |
| Payroll taxes | $193,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,440 |
| Fees for services: Accounting | $33,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,000 |
| Fees for services: Other | $799,338 |
| Advertising and promotion | $9,900 |
| Office expenses | $75,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,680 |
| Travel | $1,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,907 |
| Interest | $46,870 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $269,563 |
| Insurance | $6,543 |
| All other expenses | $101,758 |
| Total functional expenses | $7,313,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,427,509 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $48,074 |
| Accounts receivable, net | $282,910 |
| 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 | $9,263 |
| Net Land, buildings, and equipment | $86,253 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $137,309,391 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,621,029 |
| Total assets | $158,784,429 |
| Accounts payable and accrued expenses | $1,872,744 |
| Grants payable | $0 |
| Deferred revenue | $156,926 |
| 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 | $2,029,670 |
| Net assets without donor restrictions | $124,986,775 |
| Net assets with donor restrictions | $31,767,984 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $158,784,429 |