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← WATSON CLINIC FOUNDATION INC

Form 990 for tax year 2022

Filed by WATSON CLINIC FOUNDATION INC.

Totals

Total revenue
$121,911
Total expenses
$89,314
Contributions and grants received
$121,911
Grants paid
$20,250
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$452,930
Total liabilities, end of year
$17,974
Net assets or fund balances, end of year
$434,956
Program services expenses (Part IX)
$89,170
Management and general expenses
$144
Fundraising expenses
$0
Program service expenses (Part III)
$89,170

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $121,911

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $20,000 · program services $20,000

  • 2 · Grants to domestic individuals

    total $250 · program services $250

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $8 · management and general $8

  • 13 · Office expenses

    total $4,921 · program services $4,921

  • 17 · Travel

    total $895 · program services $895

  • 19 · Conferences, conventions and meetings

    total $4,159 · program services $4,159

  • 22 · Depreciation, depletion and amortization

    total $984 · program services $984

  • 24a · Other expenses: SALARIES REIMBURSEMENT

    total $57,886 · program services $57,886

  • 24b · Other expenses: DUES AND ACCREDITATION

    total $211 · program services $75 · management and general $136

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,081 · end of year $451,636

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $8,893

  • 10b · Land, buildings and equipment: accumulated depreciation

    $7,599

  • 10c · Land, buildings and equipment, net

    beginning of year $2,278 · end of year $1,294

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $17,974

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $402,359 · end of year $434,956

Mission and programs · 2022

Mission

THE WATSON CLINIC FOUNDATION INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES. (CONTINUED ON SCHEDULE O)

Activities or mission (Part I)

THE WATSON CLINIC FOUNDATION INC. PROMOTES THE WELLNESS OF MANKIND THROUGH EDUCATION, RESEARCH, AND COMMUNITY SERVICE.

  • THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.

    Expenses $62,898

  • THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO, THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCH.

    Expenses $20,250 · Grants $20,250

  • THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT. MORE THAN 500 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.

    Expenses $3,750

  • THE FOUNDATION OFFERS FREE EDUCATIONAL AND OUTREACH PROGRAMS OPEN TO THE ENTIRE COMMUNITY. THE PURPOSE IS TO BUILD AND SUSTAIN A HEALTHY COMMUNITY. EXAMPLES INCLUDE CANCER PREVENTION DISCUSSIONS AND SEPARATE SEMINARS FOCUSED ON MEN'S AND WOMEN'S HEALTH. FREE SCREENINGS FOR SKIN CANCER ARE AVAILABLE THROUGHOUT THE YEAR. LOCAL COMMUNITY OUTREACH INCLUDES A COMPREHENSIVE ARTS IN MEDICINE PROGRAM, WHICH USES HEALING ARTS TO PROMOTE COMFORT AND WELLBEING FOR CANCER PATIENTS AND FAMILIES IN THE WAITING AREAS AND CHEMOTHERAPY AND RADIATION ROOMS OF THE CENTER FOR CANCER CARE & RESEARCH.

    Expenses $2,272

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Galina Vugman MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jason Hirsbrunner

    SECRETARY AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stanley L Piotrowski

    SECRETARY AND TREASURER (UNTIL 6/17/2022)

    Total calculated
    $0
    Hours/week
    1

  • Steven G Achinger MD

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • M Shane Glor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Pranay C Patel MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy V Heysek MD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WATSON CLINIC LLP

    N/A · MEDICAL SERVICES · FL

    Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WATSON CLINIC CENTER FOR RESEARCH

    C Corporation · MEDICAL RESEARCH · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313119349304071

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