Dottie And Stuart Watt Private Operating Foundation Tr
- Assets
- $109.5k
- Revenue
- $3.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 59-7271891
Organization Overview
Dottie And Stuart Watt Private Operating Foundation Tr is located in Sarasota, FL. The organization was established in 2009. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dottie And Stuart Watt Private Operating Foundation Tr 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, Dottie And Stuart Watt Private Operating Foundation Tr generated $3.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $19.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S ONLY CHARITABLE ACTIVITY DURING THE YEAR INVOLVED ITS MAKING A TOTAL OF $ $13,163 IN DIRECT DISTRIBUTIONS TO ASSIST POOR AND NEEDY FAMILIES AND INDIVIDUALS DURING THE YEAR 2020. THE PAYMENTS WERE MADE DIRECTLY TO THE SERVICE PROVIDER AND NOT THE INDIVIDUAL RECIPIENT. THE LIST OF THE INDIVIDUAL RECIPIENTS, A SUMMARY DESCRIPTION OF THE NEED MET BY THE DISTRIBUTION, AND THE AMOUNT PROVIDED FOR FINANCIAL ASSISTANCE WAS PROVIDED IN THE LIST OF GRANTS AND CONTRIBUTIONS - PART I LINE 25
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,954 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $999 |
| Contributions, gifts, grants paid | $18,243 |
| Total expenses and disbursements | $19,242 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,155 |
| Savings and temporary cash investments | $108,367 |
| 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 | $109,522 |
| 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, Dottie And Stuart Watt Private Operating Foundation Tr has awarded $18,243 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
ANDREW RANGE PURPOSE: RENT ASSISTANCE, AUTOMOBILE REPAIR | $1,000 |
TRACIE JARVIS PURPOSE: RENT ASSISTANCE | $1,000 |
JOHN SOBOTA PURPOSE: AUTOMOBILE AND INSURANCE ASSISTANCE | $7,000 |
PENSACOLA DREAM CENTER PURPOSE: HOMELESS ASSISTANCE | $3,000 |
NANCY JONES PURPOSE: PROPERTY TAX ASSISTANCE | $1,243 |
CHRIS SCHNEIDER PURPOSE: ROOF/HURRICANE IAN DAMAGE | $5,000 |