Watkins Christian Foundation Inc
- Assets
- $79.4m
- Revenue
- $12.8m
- Investments
- $75.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 03/1983
- Data as of
- 12/2022
- EIN
- 58-1494832
Organization Overview
Watkins Christian Foundation Inc is located in Atlanta, GA. The organization was established in 1983. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watkins Christian Foundation Inc 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, Watkins Christian Foundation Inc generated $12.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 4 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 2020, Watkins Christian Foundation Inc has awarded 201 individual grants totaling $10,517,505. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W Neal Freeman Dir | 1 | $0 | |
Eric S Wahlen Dir | 1 | $0 | |
George C Watkins Dir, Chairman | 1 | $0 | |
Michael L Watkins Dir, Pres | 15 | $99,903 | |
Sarah Watkins Dir | 1 | $0 | |
William B Watkins V Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $130,588 |
Crawford Investment Counsel Inc | 12/30/22 | $303,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,429,777 |
| Interest on Savings | $11,101 |
| Dividends & Interest | $1,954,761 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,383,382 |
| Capital Gain Net Income | $8,383,382 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33 |
| Total Revenue | $12,779,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $119,926 |
| Other employee salaries and wages | $273,500 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $189,344 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $21,328 |
| Printing and publications | $89 |
| Other expenses | $154,649 |
| Total operating and administrative expenses | $1,133,384 |
| Contributions, gifts, grants paid | $3,863,155 |
| Total expenses and disbursements | $4,996,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,698,411 |
| 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 | $79,364,737 |
| 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, Watkins Christian Foundation Inc has awarded $3,863,155 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENTURES OF THE HEART MINISTRIES INC PURPOSE: GENERAL & UNRESTRICTED | $100,000 |
ARCHBOLD FOUNDATION INC PURPOSE: ARCHBOLD CHAPLAINCY PROGRAM | $100,000 |
ATLANTA YOUTH ACADEMIES FOUNDATION INC PURPOSE: TWENTY YEARS OF TRANSFORMATION: A $20 MILLION CAMPAIGN | $100,000 |
BROOKWOOD SCHOOL INC PURPOSE: TO SUPPORT THE CAPITAL CAMPAIGN FOR THE DINING CENTER THAT WILL PROVIDE MEETING SPACE FOR STUDENT FELLOWSHIP, ELECTRONIC MEDIA SOURCES, AND COLLABORATIVE LEARNING | $100,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: GENERAL & UNRESTRICTED | $15,000 |
CAMPUS CRUSADE FOR CHRIST INC PURPOSE: TO IMPLEMENT THE ULTIMATE TRAINING CAMPS AT COLORADO STATE UNIVERSITY AND IN TWIN CITIES MINNESOTA | $75,000 |