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Nonprofiteer
← JUSTIN J WATT FOUNDATION

Form 990 for tax year 2022

Filed by JUSTIN J WATT FOUNDATION.

Totals

Total revenue
$723,657
Total expenses
$258,135
Contributions and grants received
$693,643
Grants paid
$212,506
Program service revenue
$0
Investment income
$30,014
Other revenue
$0
Total assets, end of year
$1,727,861
Total liabilities, end of year
$1,175
Net assets or fund balances, end of year
$1,726,686
Program services expenses (Part IX)
$212,506
Management and general expenses
$38,039
Fundraising expenses
$7,590
Program service expenses (Part III)
$212,506

Program services were 82.3% 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

    $693,643

  • 3 · Investment income

    total $30,014 · excluded $30,014

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $212,506 · program services $212,506

  • 5 · Compensation of officers, directors and key employees

    total $25,000 · management and general $25,000

  • 7 · Other salaries and wages

    total $3,098 · management and general $3,098

  • 10 · Payroll taxes

    total $2,149 · management and general $2,149

  • 11c · Fees: accounting

    total $1,700 · management and general $1,700

  • 11g · Fees: other

    total $9,170 · management and general $1,580 · fundraising $7,590

  • 13 · Office expenses

    total $1,125 · management and general $1,125

  • 14 · Information technology

    total $1,343 · management and general $1,343

  • 23 · Insurance

    total $2,044 · management and general $2,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,056 · end of year $213,662

  • 2 · Savings and temporary cash investments

    beginning of year $761,801 · end of year $5,674

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $104,900

  • 11 · Investments: publicly traded securities

    beginning of year $466,687 · end of year $479,300

  • 12 · Investments: other securities

    beginning of year $0 · end of year $924,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $10 · end of year $1,175

  • 27 · Net assets without donor restrictions

    beginning of year $1,238,534 · end of year $1,726,686

Mission and programs · 2022

Mission

OUR MISSION IS TO PROVIDE AFTER-SCHOOL OPPORTUNITIES FOR MIDDLE-SCHOOL AGED CHILDREN IN THE COMMUNITY TO BECOME INVOLVED IN ATHLETICS SO THAT THEY MAY LEARN THE CHARACTER TRAITS OF ACCOUNTABILITY, TEAMWORK, LEADERSHIP, WORK ETHIC, AND PERSEVERANCE WHILE IN A SAFE AND SUPERVISED ENVIRONMENT WITH THEIR PEERS.

  • WE PROVIDE FUNDING TO MIDDLE SCHOOLS NATIONWIDE THAT HAVE LITTLE TO NO FUNDING FOR AFTER-SCHOOL ATHLETIC PROGRAMS. PARTICIPATION IN ATHLETIC PROGRAMS HELPS STUDENTS IN THE CLASSROOM AS WELL SINCE THEY NEED TO ATTEND SCHOOL AND MUST HAVE GOOD GRADES TO PARTICIPATE. BY BECOMING INVOLVED IN ATHLETICS IN THEIR COMMUNITIES, THEY WILL LEARN THE BASIC CHARACTER TRAITS OF ACCOUNTABILITY, TEAMWORK, LEADERSHIP, WORK ETHIC AND PERSEVERANCE WHILE IN A SAFE AND SUPERVISED ENVIRONMENT WITH THEIR PEERS THESE VALUABLE LESSONS WILL SERVE THEM WELL BEYOND THEIR YEARS OF PLAYING AFTER-SCHOOL AND IN THE WORKPLACE AND IN MANY ASPECTS OF THEIR ADULT LIVES. THEN WE WILL HAVE SUCCEEDED.

    Expenses $212,506 · Grants $212,506

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

Listed in Part VII

  • Justin J Watt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • Connie L Watt

    VICE PRESIDENT

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Jonathan Singer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richelle Martin JD

    DIRECTOR

    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

  • UNION CITY MIDDLE SCHOOL

    $11,606

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • SOUTHWEST MIDDLE SCHOOL

    $11,566

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • WS NEAL MIDDLE SCHOOL

    $11,528

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • CENTREVILLE MIDDLE SCHOOL

    $9,710

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • JR TRIPPE MIDDLE SCHOOL

    $9,259

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • DOOLY COUNTY MIDDLE SCHOOL

    $7,676

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • BRANTLEY COUNTY MIDDLE SCHOOL

    $7,118

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • WINTERBORO MIDDLE SCHOOL

    $6,992

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • ANTIGO MIDDLE SCHOOL

    $6,459

    AFTER-SCHOOL ATHLETIC PROGRAMS

  • EINSTEIN MIDDLE SCHOOL

    $6,290

    AFTER-SCHOOL ATHLETIC PROGRAMS

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202312839349300746

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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