Justin J Watt Foundation
- Assets
- $2.1m
- Revenue
- $625.2k
- Investments
- $924.1k
- Employees
- 2
- Location
- Pewaukee, WI
- Founding
- 04/2011
- Data as of
- 06/2024
- EIN
- 27-3516574
Organization Overview
Justin J Watt Foundation is located in Pewaukee, WI. The organization was established in 2011. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 06/2024, Justin J Watt Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Justin J Watt Foundation 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 06/2024, Justin J Watt Foundation generated $625.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $296.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Justin J Watt Foundation has awarded 448 individual grants totaling $46,103,333. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE AFTER-SCHOOL OPPORTUNITIES FOR MIDDLE-SCHOOL AGED CHILDREN IN THE COMMUNITY TO BECOME INVOLVED IN ATHLETICS SO THAT THEY MAY LEARN THE CHARACTER TRAITS OF ACCOUNTABILITY, TEAMWORK, LEADERSHIP, WORK ETHIC, AND PERSEVERANCE WHILE IN A SAFE AND SUPERVISED ENVIRONMENT WITH THEIR PEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE FUNDING TO MIDDLE SCHOOLS NATIONWIDE THAT HAVE LITTLE TO NO FUNDING FOR AFTER-SCHOOL ATHLETIC PROGRAMS. PARTICIPATION IN ATHLETIC PROGRAMS HELPS STUDENTS IN THE CLASSROOM AS WELL SINCE THEY NEED TO ATTEND SCHOOL AND MUST HAVE GOOD GRADES TO PARTICIPATE. BY BECOMING INVOLVED IN ATHLETICS IN THEIR COMMUNITIES, THEY WILL LEARN THE BASIC CHARACTER TRAITS OF ACCOUNTABILITY, TEAMWORK, LEADERSHIP, WORK ETHIC AND PERSEVERANCE WHILE IN A SAFE AND SUPERVISED ENVIRONMENT WITH THEIR PEERS THESE VALUABLE LESSONS WILL SERVE THEM WELL BEYOND THEIR YEARS OF PLAYING AFTER-SCHOOL AND IN THE WORKPLACE AND IN MANY ASPECTS OF THEIR ADULT LIVES. THEN WE WILL HAVE SUCCEEDED.
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 |
|---|---|---|---|
Justin J Watt President | OfficerTrustee | 2.5 | $0 |
Connie L Watt Vice President | OfficerTrustee | 16 | $25,000 |
Jonathan Singer Director | Trustee | 1 | $0 |
Richelle Martin JD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $339,028 |
| Related organizations | $0 |
| Government grants | $20,292 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,584 |
| Noncash contributions included in lines 1a–1f | $32,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,904 |
| Total Program Service Revenue | $0 |
| Investment income | $58,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $172,998 |
| Net Income from Gaming Activities | $14,875 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $625,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $229,537 |
| 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. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,133 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $150 |
| Fees for services: Other | $9,563 |
| Advertising and promotion | $0 |
| Office expenses | $12,735 |
| Information technology | $395 |
| 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 | $2,040 |
| All other expenses | $0 |
| Total functional expenses | $296,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,648 |
| Savings and temporary cash investments | $605,710 |
| Pledges and grants receivable | $5,413 |
| 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 | $505,068 |
| Investments—other securities | $924,122 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,291 |
| Total assets | $2,091,252 |
| Accounts payable and accrued expenses | $9,320 |
| 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 | $9,320 |
| Net assets without donor restrictions | $2,081,932 |
| Net assets with donor restrictions | $0 |
| 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 | $2,091,252 |
Grants Awarded
Over the last fiscal year, Justin J Watt Foundation has awarded $176,417 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
PALMER JUNIOR MIDDLE SCHOOL PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $9,500 |
HOLLY POND MIDDLE SCHOOL PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $5,775 |
DESERT MEADOWS SCHOOL PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $6,881 |
SANTIAGO CHARTER MIDDLE SCHOOL PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $6,990 |
MADISON PARK ACADEMY PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $9,574 |
CONWAY MIDDLE SCHOOL PURPOSE: AFTER-SCHOOL ATHLETIC PROGRAMS | $7,432 |