Linda T Watson Family Foundation
- Assets
- $708.8k
- Revenue
- $51.6k
- Investments
- $687.3k
- Employees
- 0
- Location
- Mission Hills, KS
- Founding
- 05/1999
- Data as of
- 12/2022
- EIN
- 43-6816063
Organization Overview
Linda T Watson Family Foundation is located in Mission Hills, KS. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Linda T Watson Family 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 12/2022, Linda T Watson Family Foundation generated $51.6k 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 (35.7%) each year. All expenses for the organization totaled $106.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Linda T Watson Family Foundation has awarded 75 individual grants totaling $257,200. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOTE: THE ONLY ACTIVITY OF THE FOUNDATION WAS DONATINGTO VARIOUS ORGANIZATIONS THAT WERE SELECTED BY THE TRUSTEES.
THERE WERE NO DIRECT EXPENSES INCURRED IN MAKING THESEDONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda R Watson Co-Trustee | 1 | $0 | |
Margaret E Watson Co-Trustee | 1 | $0 | |
Michael B Watson Co-Trustee | 1 | $0 | |
Claudia M Trevino Co-Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $85 |
| Dividends & Interest | $25,017 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,437 |
| Capital Gain Net Income | $26,561 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $53 |
| Total Revenue | $51,592 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,205 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $13,603 |
| Contributions, gifts, grants paid | $92,400 |
| Total expenses and disbursements | $106,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,518 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $708,797 |
| 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, Linda T Watson Family Foundation has awarded $92,400 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS PURPOSE: VARIOUS PROGRAM ACTIVITIES | $1,000 |
BARSTOW SCHOOL PURPOSE: VARIOUS PROGRAM ACTIVITIES | $2,000 |
BOYS AND GIRLS CLUBS PURPOSE: VARIOUS PROGRAM ACTIVITIES | $2,000 |
CHILDREN'S MERCY HOSPITAL PURPOSE: VARIOUS PROGRAM ACTIVITIES | $45,000 |
HARVESTERS PURPOSE: VARIOUS PROGRAM ACTIVITIES | $6,500 |
JEWISH FEDERATION PURPOSE: VARIOUS PROGRAM ACTIVITIES | $2,600 |