Watson Clinic Foundation Inc
- Assets
- $452.9k
- Revenue
- $121.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 07/1962
- Data as of
- 12/2022
- EIN
- 59-1100876
Organization Overview
Watson Clinic Foundation Inc is located in Lakeland, FL. The organization was established in 1962. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watson Clinic 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, Watson Clinic Foundation Inc generated $121.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $89.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WATSON CLINIC FOUNDATION INC. PROMOTES THE WELLNESS OF MANKIND THROUGH EDUCATION, RESEARCH, AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.
THE FOUNDATION OFFERS FREE EDUCATIONAL AND OUTREACH PROGRAMS OPEN TO THE ENTIRE COMMUNITY. THE PURPOSE IS TO BUILD AND SUSTAIN A HEALTHY COMMUNITY. EXAMPLES INCLUDE CANCER PREVENTION DISCUSSIONS AND SEPARATE SEMINARS FOCUSED ON MEN'S AND WOMEN'S HEALTH. FREE SCREENINGS FOR SKIN CANCER ARE AVAILABLE THROUGHOUT THE YEAR. LOCAL COMMUNITY OUTREACH INCLUDES A COMPREHENSIVE ARTS IN MEDICINE PROGRAM, WHICH USES HEALING ARTS TO PROMOTE COMFORT AND WELLBEING FOR CANCER PATIENTS AND FAMILIES IN THE WAITING AREAS AND CHEMOTHERAPY AND RADIATION ROOMS OF THE CENTER FOR CANCER CARE & RESEARCH.
THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO, THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCH.
THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT. MORE THAN 500 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary And Treasurer (until 6/17/2022) | OfficerTrustee | 1 | $0 |
Name Not Listed Board Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $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 | $121,911 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,911 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| 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 | $121,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $20,000 |
| Grants and other assistance to domestic individuals. | $250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8 |
| Office expenses | $4,921 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $895 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,159 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $984 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $89,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $1,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $452,930 |
| Accounts payable and accrued expenses | $17,974 |
| 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 | $17,974 |
| Net assets without donor restrictions | $0 |
| 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 | $434,956 |
| Total liabilities and net assets/fund balances | $452,930 |
Grants Awarded
Over the last fiscal year, Watson Clinic Foundation Inc has awarded $215,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BREAST CANCER FOUNDATION OF CENTRAL FLORIDA PURPOSE: GENERAL SUPPORT | $100,000 |
CANCERCARE PURPOSE: GENERAL SUPPORT | $50,000 |
THE HOPE FOUNDATION PURPOSE: GENERAL SUPPORT | $50,000 |
VOLUNTEERS IN SERVICE TO THE ELDERLY PURPOSE: GENERAL SUPPORT | $15,000 |