R M Watts Foundation
- Assets
- $1.4m
- Revenue
- $65.4k
- Investments
- $1.3m
- Employees
- 0
- Location
- Pueblo, CO
- Founding
- 04/1987
- Data as of
- 05/2023
- EIN
- 84-1025573
Organization Overview
R M Watts Foundation is located in Pueblo, CO. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. R M Watts 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 05/2023, R M Watts Foundation generated $65.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $131.2k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, R M Watts Foundation has awarded 15 individual grants totaling $438,900. 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 |
|---|---|---|---|
David B Shaw Pres./director | 2 | $0 | |
Gregory Leyba Vp/director | 1 | $0 | |
Jeffrey Shaw Treas/sec/director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $65,426 |
| 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 | $65,426 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $856 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $5,876 |
| Contributions, gifts, grants paid | $125,300 |
| Total expenses and disbursements | $131,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,245 |
| Savings and temporary cash investments | $60,571 |
| 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 | $298 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,400,183 |
| 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, R M Watts Foundation has awarded $125,300 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
SENIOR RESOURCE DEVELOPMENT PURPOSE: OPERATING | $10,000 |
CSU-PUEBLO FOUNDATION PURPOSE: SCHOLARSHIPS | $5,000 |
CARE & SHARE FOOD BANK PURPOSE: OPERATING | $10,000 |
PUEBLO SCHOOL DISTRICT 70 PURPOSE: CONSTRUCTIONAPPRENTICESHIPS | $97,490 |
PUEBLO SCHOOL DISTRICT 70 PURPOSE: GOLF PROGRAM | $2,810 |