Watson
- Assets
- $910.4k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Boulder, CO
- Founding
- 02/2013
- Data as of
- 06/2021
- EIN
- 46-1001797
Organization Overview
Watson is located in Boulder, CO. The organization was established in 2013. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2021, Watson employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson 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 generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.4m during the year ending 06/2021. While expenses have increased by 24.2% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WATSON INSTITUTE PROVIDES A NEW MODEL OF EDUCATION THAT AIMS TO DEVELOP NEXT GENERATION LEADERS AND ENTREPRENEURS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATSON PROVIDES A SEMESTER LONG ACCELERATOR IN BOULDER FOR STUDENT INNOVATORS, LEADERS AND ENTREPRENEURS AGES 18-23 THAT INCLUDES SHORT MASTER COURSES FROM THE WORLD'S FOREMOST LEADERS, ENREPRENEURS, AND THINKERS INCLUDING A LEADER OF A NOBEL PEACE PRIZE WINNING MOVEMENT TO ONE OF TIME MAGAZINE'S 100 MOST INFLUENTIAL PEOPLE AND MORE; INTENSIVE MENTORSHIP, AND AWARD WINNING TRAINING IN ENTREPRENEURIAL SKILLS OF EMPATHY, CREATIVITY, RESILIENCE, GRIT, BOOTSTRAPPING, TEAM BUILDING, AND FUNDRAISING. WE HELP STUDENTS DEVELOP AND ADVANCE SOLUTIONS TO THE TOUGHEST CHALLENGES FACING THE WORLD.
WATSON IMPLEMENTS THE PROGRAMMING VIA AN ALLIANCE AGREEMENT WITH LYNN UNIVERSITY FOR A BACHELOR'S OF SCIENCE IN SOCIAL ENTREPRENEURSHIP.
WATSON INSTITUTE RUNS CAREER AND VENTURE ACCELERATORS FOR NEXT GENERATION ENTREPRENEURS AND LEADERS IN COLLABORATION WITH UNIVERSIDAD FRANCISCO MARROQUIN
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 |
|---|---|---|---|
Eric Glustrom President | OfficerTrustee | 60 | $102,851 |
Jane Miller Board Member | Trustee | 0 | $0 |
Jason Griffith Board Member | Trustee | 0 | $0 |
Erin Krampetz Director | Trustee | 10 | $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 | $1,202,271 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,202,271 |
| Total Program Service Revenue | $399,808 |
| Investment income | $680 |
| Tax Exempt Bond Proceeds | $178,778 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,781,537 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,800 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,851 |
| Compensation of current officers, directors, key employees. | $10,286 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $886,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,490 |
| Payroll taxes | $74,325 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,803 |
| Fees for services: Accounting | $12,041 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,456 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210 |
| Advertising and promotion | $9,670 |
| Office expenses | $13,021 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,305 |
| Travel | $20,303 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,182 |
| All other expenses | $70,609 |
| Total functional expenses | $1,444,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $877,384 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,980 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,001 |
| Total assets | $910,365 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $3,800 |
| 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 | $58,863 |
| Total liabilities | $62,663 |
| Net assets without donor restrictions | $847,702 |
| 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 | $910,365 |
Grants Awarded
Over the last fiscal year, Watson has awarded $326,222 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TORU PURPOSE: SPONSOR ORG WITH WATSON VISION | $267,325 |
PATHOS PURPOSE: SPONSOR ORG WITH WATSON VISION | $34,275 |
BEAN VOYAGE PURPOSE: SPONSOR ORG WITH WATSON VISION | $15,660 |
JUMOKES VENTURE PURPOSE: SPONSOR ORG WITH WATSON VISION | $8,962 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Watson has recieved totaling $547,094.
| Awarding Organization | Amount |
|---|---|
Western Union Foundation Inc Denver, CO PURPOSE: WORKFORCE/EDUCATION | $185,000 |
Ford Motor Co Fund Dearborn, MI PURPOSE: GLOBAL | $124,094 |
Denver Foundation Denver, CO PURPOSE: GRANTS | $113,000 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA PURPOSE: BASECAMP PROGRAM $21,000 AND FUNDERS WEEK AND ARTIST IN RESIDENCE $50,000 | $71,000 |
The Community Foundation Boulder, CO PURPOSE: General operating support, tech fellowship, and scholarships | $50,500 |
Memton Fund Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tulsa Educare Inc Tulsa, OK | $26,958,930 | $20,318,102 |
Stand For The Silent Inc Perkins, OK | $889,186 | $11,940,386 |
Completely Kids Omaha, NE | $26,441,934 | $8,738,088 |
Colorado Youth For A Change Denver, CO | $1,559,265 | $5,423,176 |
Success In Education Foundation Salt Lake City, UT | $7,564,005 | $8,489,669 |
Oklahoma Alliance Of Ymcas Inc Oklahoma City, OK | $389,109 | $2,930,749 |
Geneva Glen Camp Incorporated Indian Hills, CO | $9,204,342 | $3,964,068 |
Illuminate Colorado Inc Denver, CO | $1,321,763 | $2,672,102 |
Thrive Inc Oklahoma City, OK | $1,516,185 | $2,804,552 |
Campesinos Sin Fronteras Somerton, AZ | $2,783,493 | $3,390,552 |
Youthworks Santa Fe, NM | $671,806 | $2,396,465 |
Liahona Academy For Youth Non Profit Organization Saint George, UT | $87,694 | $1,967,824 |