David P Watson Foundation
- Assets
- $3.8m
- Revenue
- $3.7m
- Investments
- $3.5m
- Employees
- 0
- Location
- El Segundo, CA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3491365
Organization Overview
David P Watson Foundation is located in El Segundo, CA. The organization was established in 2014. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David P Watson 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, David P Watson Foundation generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 49.2% each year . All expenses for the organization totaled $168.5k during the year ending 12/2022. While expenses have increased by 21.4% per year over the past 8 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.
Since 2014, David P Watson Foundation has awarded 56 individual grants totaling $315,400. 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.
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 |
|---|---|---|---|
David P Watson President/ceo | 10 | $0 | |
Timothy E Curry Secretary Treasurer/cfo | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,665,516 |
| Interest on Savings | $19,482 |
| Dividends & Interest | $40,907 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$48,625 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,677,280 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $75 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,606 |
| Total operating and administrative expenses | $23,493 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $168,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $278,328 |
| 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 | $3,790,255 |
| 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, David P Watson Foundation has awarded $145,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
JIMMY MILLER FOUNDATION PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $25,000 |
RICHSTONE FAMILY CENTER PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $30,000 |
SOUND EQUINE OPTIONS PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $30,000 |
GROWING GREAT PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $25,000 |
ALBERTINA KERR CENTERS PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $5,000 |
THRIVE IN JOY NICK FAGNANO FOUNDATION PURPOSE: TO BE USED FOR CHARITY'S EXEMPT PURPOSE & CHARITABLE ACTIVITIES | $5,000 |