Watterson Family Foundation
- Assets
- $417.9k
- Revenue
- $183.3k
- Investments
- $390.1k
- Employees
- 0
- Location
- Bluffton, SC
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-1704737
Organization Overview
Watterson Family Foundation is located in Bluffton, SC. The organization was established in 2019. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watterson Family Foundation 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, Watterson Family Foundation generated $183.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $167.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.2%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Watterson Family Foundation has awarded 66 individual grants totaling $624,903. 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 |
|---|---|---|---|
Louw Katherine Manager | 50 | $11,667 | |
Watterson Billy J Trustee | 5 | $0 | |
Watterson Brenda S Trustee | 5 | $0 | |
Baxter Jeff Trustee | 1 | $0 | |
Harden Gary Trustee | 2 | $0 | |
Kaczmarek Ryan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $171,125 |
| Interest on Savings | $4 |
| Dividends & Interest | $8,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,218 |
| Capital Gain Net Income | $2,218 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,000 |
| Total Revenue | $183,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $11,667 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,591 |
| Interest | $0 |
| Taxes | $648 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,920 |
| Printing and publications | $0 |
| Other expenses | $4,706 |
| Total operating and administrative expenses | $58,496 |
| Contributions, gifts, grants paid | $108,880 |
| Total expenses and disbursements | $167,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,815 |
| Savings and temporary cash investments | $16,993 |
| 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 | $417,941 |
| 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 | $15 |
| Total liabilities | $15 |
Grants Awarded
Over the last fiscal year, Watterson Family Foundation has awarded $108,880 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
OPFOB PURPOSE: VETERAN ASSISTANCE | $12,500 |
Bluffton, SC PURPOSE: FOOD PANTRY | $11,050 |
ADA EXEMPTED VILLAGE SCHOOLS PURPOSE: STUDENT SUPPORT | $10,000 |
Findlay, OH PURPOSE: EDUCATION | $8,400 |
SECOND CHANCE COMMUNITY OUTREACH PURPOSE: BUSINESS EDUCATION | $7,500 |
DEEP WELL PROJECT PURPOSE: SOCIAL SERVICE | $7,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camber Foundation Durham, NC | $143,536,160 | $30,406,277 |
Special Operation Care Fund Inc Atlanta, GA | $332,687 | $2,251,151 |
Svdp Diocesan Council Of Charleston Simpsonville, SC | $683,288 | $1,824,626 |
Children Of Restaurant Employees Woodstock, GA | $1,825,017 | $1,448,112 |
Jackson Emc Foundation Inc Jefferson, GA | $239,768 | $1,230,630 |
Send56 Ministry Inc Lawrenceville, GA | $192,131 | $903,695 |
Womens Impact Fund Charlotte, NC | $587,675 | $699,773 |
Youthspark Inc Atlanta, GA | $442,020 | $710,169 |
Families And Communities Together Relief - Fact Relief Marietta, GA | $776,636 | $333,848 |
Supporting Adoption & Foster Families Together Inc Cumming, GA | $241,720 | $602,782 |
Just Heart Foundation Inc Dunwoody, GA | $11,619 | $116,442 |
True Justice International Inc New Bern, NC | $64,091 | $583,371 |