Homer I & Persephone B Watts Memorial Tr
- Assets
- $582.6k
- Revenue
- $22.2k
- Investments
- $568.3k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1974
- Data as of
- 06/2023
- EIN
- 93-6082689
Organization Overview
Homer I & Persephone B Watts Memorial Tr is located in Milwaukee, WI. The organization was established in 1974. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Homer I & Persephone B Watts Memorial 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 06/2023, Homer I & Persephone B Watts Memorial Tr generated $22.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $58.3k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Homer I & Persephone B Watts Memorial Tr has awarded 117 individual grants totaling $327,027. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,351 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,829 |
| Capital Gain Net Income | $6,829 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $13 |
| Total Revenue | $22,193 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,318 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $833 |
| Total operating and administrative expenses | $14,076 |
| Contributions, gifts, grants paid | $44,250 |
| Total expenses and disbursements | $58,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,213 |
| 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 | $568,343 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $582,556 |
| 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, Homer I & Persephone B Watts Memorial Tr has awarded $44,250 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
WALLA WALLA COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $3,700 |
BOISE STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,200 |
MONTANA STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $2,200 |
UNIVERSITY OF WYOMING PURPOSE: SCHOLARSHIP | $2,200 |
SPOKANE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIP | $1,500 |
SILVERHAWK AVIATION ACADEMY PURPOSE: SCHOLARSHIP | $1,500 |