Watches For Good Inc is located in Greenville, NC. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Watches For Good 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, Watches For Good Inc generated $275.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 66.2% each year . All expenses for the organization totaled $270.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE BELIEVE SPENT CONTRIBUTIONS SHOULD BE ACCOUNTED FOR IN THIS NON-PROFIT AND THATS EXACTLY WHY WE PLEDGE TO SHARE OUR FINANCIALS FOR EVERY EFFORT. YOU, OUR LOYAL PATRONS, WILL HAVE TRANSPARENCY INTO HOW OUR FUNDS ARE UTILIZED AND FOR WHAT EFFORTS. WHEN YOU DONATE TO WATCHES FOR GOOD, YOU SHOULD HAVE A SENSE OF PRIDE AND COMFORT THAT THERES ACCOUNTABILITY. EDUCATION EVERY CHILD DESERVES THE RIGHT TO AN EDUCATION WHICH IS WHY WERE COMMITTED TO VOLUNTEERING AND PROVIDING SCHOOLS ACROSS THE WORLD WITH THE PROPER RESOURCES THEY NEED. WE BELIEVE THIS SUPPORT CAN COME IN VARIOUS FORMS: SUPPLEMENTAL TUTORING, ASSISTANCE WITH TECHNOLOGY IN PURCHASING LAPTOPS, SCHOOL SUPPLIES, AND MORE. HUNGER WATCHES FOR GOOD HOPES TO HELP COMBAT HUNGER WORLDWIDE AS EVERY HUMAN LIFE IS EQUALLY IMPORTANT REGARDLESS OF RACE, RELIGION, GENDER, OR GEOGRAPHIC LOCATION; WE ARE HERE TO SERVE THE WORLD. COVID HAS DISRUPTED FOOD SUPPLY CHAINS IN THE SOME OF THE WORLDS LARGEST PRODUCING MARKETS, NAMELY INDIA. ACCORDING
Describe the Organization's Program Activity:
Part 3 - Line 4a
WATCHES FOR GOOD TRANSPIRED OUT OF A JOINT COLLABORATION AMONGST A PASSIONATE GROUP OF ENTHUSIASTS CALLED WATCHES@, A PRIVATE WATCH GROUP OF GOOGLERS. IN 2020, WATCHES FOR GOOD VOLUNTEERS UNITED IN THE FIGHT AGAINST COVID FEEDING 2,000+ FAMILIES IN THE SAN FRANCISCO BAY AREA AND PURCHASED 15,000+ SURGICAL MASKS AND DISTRIBUTED THEM ACROSS HOMELESS SHELTERS AND THE FOLLOWING HOSPITALS IN THE UNITED STATES: KAISER PERMANENTE (ALL BAY AREA HOSPITALS) - 4,000 SURGICAL MASKS INDIANAPOLIS UNIVERSITY HEALTH HOSPITAL & RILEY HOSPITAL FOR CHILDREN - 4,000 SURGICAL MASKS, 20 N95S VIRGINIA HOSPITAL CENTER - 2,000 SURGICAL MASKS, 20 N95S MOUNT SINAI HOSPITAL - 2,000 SURGICAL MASKS, 20 N95S RONALD REAGAN UCLA MEDICAL CENTER - 1,700 SURGICAL MASKS, 20 N95S WE PURCHASED >6000 WORTH OF FOOD AND SUPPLIES AT COSTCO AND GAVE IT ALL TO THE SOUTH HAYWARD PARISH IN CALIFORNIA
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Chris Chin Clo | OfficerTrustee | 1 | $0 |
Nirdhar Khazanie Co-Founder & | OfficerTrustee | 1 | $0 |
Raja Ramaswamy Board Adviso | OfficerTrustee | 1 | $0 |
Rani Ramaswamy Co-Founder/d | OfficerTrustee | 1 | $0 |
Roman Sharf COO | OfficerTrustee | 1 | $0 |
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 | $275,353 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $275,353 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $275,353 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $229,355 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,911 |
Advertising and promotion | $0 |
Office expenses | $772 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $26,780 |
Total functional expenses | $270,818 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $84,276 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $84,276 |
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 | $84,276 |
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 | $0 |
Total liabilities and net assets/fund balances | $84,276 |