George Rose Watkins Iii Foundation Inc
- Assets
- $219.1k
- Revenue
- $11.5k
- Investments
- $209.8k
- Employees
- 0
- Location
- Henderson, NC
- Founding
- Data as of
- 12/2022
- EIN
- 82-3781542
Organization Overview
George Rose Watkins Iii Foundation Inc is located in Henderson, NC. According to its NTEE Classification (F99) the organization is classified as: Mental Health & Crisis Intervention N.E.C., under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George Rose Watkins Iii 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, George Rose Watkins Iii Foundation Inc generated $11.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $10.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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 |
|---|---|---|---|
George R Watkins Jr Secretary | 1 | $0 | |
Gayle I Watkins President | 1 | $0 | |
Morgan W Dickerson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,183 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,165 |
| Capital Gain Net Income | $4,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,548 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $223 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $674 |
| Contributions, gifts, grants paid | $10,000 |
| Total expenses and disbursements | $10,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,234 |
| Savings and temporary cash investments | $0 |
| 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 | $209,820 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $219,054 |
| 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, George Rose Watkins Iii Foundation Inc has awarded $10,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF NORTH CENTRAL NORTH CAROLINA PURPOSE: POSITIVE YOUTH DEVELOPMENT AND EXPERIENCES | $4,000 |
FIRST BAPTIST CHURCH PURPOSE: POSITIVE YOUTH DEVELOPMENT AND EXPERIENCES | $1,500 |
FOUNDATION OF HOPE PURPOSE: POSITIVE YOUTH DEVELOPMENT AND EXPERIENCES | $2,500 |
TROSA PURPOSE: ASSISTING MEN AND WOMAN STRUGGLING WITH DRUG ADDICTION | $2,000 |