Watson Clinic Foundation Inc
- Assets
- $402.4k
- Revenue
- $292.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Lakeland, FL
- Founding
- 07/1962
- Data as of
- 12/2021
- 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 12/2021, Watson Clinic Foundation Inc generated $292.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $191.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watson Clinic Foundation Inc has awarded 14 individual grants totaling $669,250. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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 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 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 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
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 | $301,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,606 |
| Total Program Service Revenue | $0 |
| Investment income | $677 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $292,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $101,750 |
| Grants and other assistance to domestic individuals. | $1,250 |
| 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 | $7,267 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,825 |
| Office expenses | $4,676 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,911 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $984 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $191,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,081 |
| 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 | $2,278 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $402,359 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $402,359 |
| Total liabilities and net assets/fund balances | $402,359 |
Grants Awarded
Over the last fiscal year, Watson Clinic Foundation Inc has awarded $430,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, MO PURPOSE: GENERAL SUPPORT | $100,000 |
Springfield, MO PURPOSE: GENERAL SUPPORT | $100,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Ann Arbor, MI PURPOSE: GENERAL SUPPORT | $50,000 |
Ann Arbor, MI PURPOSE: GENERAL SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Watson Clinic Foundation Inc has recieved totaling $68.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $68 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Columbus Ambulatory Healthcare Services Inc Columbus, GA | $18,745,132 | $56,730,449 |
Borinquen Health Care Center Inc Miami, FL | $25,345,345 | $55,017,243 |
Collier Health Services Inc Immokalee, FL | $85,865,305 | $62,719,568 |
Brevard Health Alliance Inc West Melbourne, FL | $40,519,404 | $57,510,485 |
Careconnect Health Inc Richland, GA | $64,016,478 | $69,742,586 |
St Marys Medical Group Inc Athens, GA | $9,650,726 | $33,044,302 |
Cahaba Medical Care Foundation Centreville, AL | $18,005,567 | $49,779,023 |
Florida Community Health Centers Inc West Palm Beach, FL | $36,993,376 | $44,018,992 |
Medlink Georgia Inc Colbert, GA | $35,403,477 | $50,106,041 |
Genesis Health Development Inc Jacksonville, FL | $25,745,528 | $37,132,798 |
Premier Community Healthcare Group Inc Dade City, FL | $18,299,061 | $31,976,428 |
Health Services Inc Montgomery, AL | $33,082,379 | $31,965,223 |