The Watson Institute
- Assets
- $170.9m
- Revenue
- $13.7m
- Investments
- $150.5m
- Employees
- 118
- Location
- Sewickley, PA
- Founding
- 03/1989
- Data as of
- 06/2021
- 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 06/2021, Watson Institute employed 118 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 06/2021, Watson Institute generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $6.7m during the year ending 06/2021. 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
2021
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 2021 TOTALED: 32 INTENSIVE BEHAVIOR HEALTH SERVICES, 53 SUMMER CAMP; & 642 OUTPATIENT.
TRAINING AND CONSULTATION PROVIDES CONSULTATION, TRAINING, PROGRAM DEVELOPMENT AND CONTRACTUAL SERVICES TO SCHOOL DISTRICTS, MENTAL HEALTH/MENTAL RETARDATION AND WRAP-AROUND SERVICE PROVIDERS. 22 SCHOOL DISTRICTS WERE SERVED IN FISCAL YEAR 2021.
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 81 STUDENTS ENROLLED FOR FISCAL YEAR 2021.
SCHOLARSHIPS FOR STUDENTS ATTENDING THE EDUCATION CENTER AT THE WATSON INSTITUTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Mostowy Chief Development Officer | 40 | $173,209 | |
Marcia Laus Program Director | 40 | $105,421 | |
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 |
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 | $1,557,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,557,470 |
| Total Program Service Revenue | $5,164,210 |
| Investment income | $3,721,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,044,167 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,658,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $134,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,487 |
| Compensation of current officers, directors, key employees. | $123,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,230,111 |
| Pension plan accruals and contributions | $518,133 |
| Other employee benefits | $590,512 |
| Payroll taxes | $177,053 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,081 |
| Fees for services: Accounting | $30,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $129,500 |
| Fees for services: Other | $612,383 |
| Advertising and promotion | $3,472 |
| Office expenses | $68,768 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,851 |
| Travel | $1,501 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,825 |
| Interest | $45,572 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $128,003 |
| Insurance | $6,744 |
| All other expenses | $79,182 |
| Total functional expenses | $6,739,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $73,192 |
| Accounts receivable, net | $329,631 |
| 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 | $14,074 |
| Net Land, buildings, and equipment | $48,423 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $150,539,344 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,655,242 |
| Total assets | $170,930,648 |
| Accounts payable and accrued expenses | $2,021,112 |
| Grants payable | $0 |
| Deferred revenue | $131,050 |
| 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 | $486,014 |
| Total liabilities | $2,638,176 |
| Net assets without donor restrictions | $131,584,869 |
| Net assets with donor restrictions | $36,707,603 |
| 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 | $170,930,648 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Watson Institute has recieved totaling $36,606.
| Awarding Organization | Amount |
|---|---|
Ovid D Robinson Charitable Tr Pittsburgh National Bank Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $36,606 |
Endowment Analysis
| Beg. Balance | $29,619,158 |
| Earnings | $6,660,302 |
| Admin Expense | $77,110 |
| Other Expense | $1,247,927 |
| Ending Balance | $34,954,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Home Of Bradford Pa Bradford, PA | $26,433,837 | $14,233,894 |
Inglis Foundation Philadelphia, PA | $233,825,090 | $16,920,191 |
The Watson Institute Sewickley, PA | $170,930,648 | $13,658,608 |
Kidsvoice Pennsylvania Inc Pittsburgh, PA | $7,340,747 | $6,599,088 |
Stoneridge Retirement Living Communities Inc Myerstown, PA | $4,364,446 | $5,435,180 |
Sisters Of Charity Foundation Of Canton Cleveland, OH | $111,250,604 | $3,627,612 |
Early Childhood Resource Center Cleveland, OH | $3,858,809 | $4,039,118 |
The Foundation Of The Oscar And Ella Wilf Campus For Senior Living Somerset, NJ | $10,391,849 | $3,643,840 |
Green Hills Foundation West Liberty, OH | $7,049,726 | $3,722,965 |
Episcopal Retirement Services Foundation Cincinnati, OH | $67,757,663 | $1,625,234 |
Sco Foundation Glen Cove, NY | $76,367,709 | $5,076,725 |
Israel Guide Dog Center For The Blind Warrington, PA | $19,631,861 | $3,082,807 |