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Nonprofiteer
← WATCHES OF SWITZERLAND GROUP US FOUNDATION

Form 990 for tax year 2022

Filed by WATCHES OF SWITZERLAND GROUP US FOUNDATION.

Totals

Total revenue
$813,614
Total expenses
$671,798
Contributions and grants received
$813,614
Grants paid
$670,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$141,816
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$141,816
Program services expenses (Part IX)
$670,500
Management and general expenses
$1,298
Fundraising expenses
$0
Program service expenses (Part III)
$670,500

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

    $813,614

  • 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 $670,500 · program services $670,500

  • 11g · Fees: other

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

  • 24a · Other expenses: OTHER

    total $1,298 · program services $0 · management and general $1,298 · fundraising $0

  • 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 $0 · end of year $141,816

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end 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

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $141,816

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE PEOPLE WITH ACCESS TO BASIC NEEDS.

  • ACCESS TO BASIC NEEDS SUPPORT TO CHARITIES ADDRESSING FOOD INSECURITY.

    Expenses $276,500 · Grants $276,500

  • HOMELESSNESS SUPPORT TO CHARITIES ADDRESSING HOMELESSNESS.

    Expenses $294,000 · Grants $294,000

  • PROMOTION OF YOUNG PEOPLE SUPPORT TO CHARITIES ASSISTING YOUNG PEOPLE IN THE FULFILMENT OF THEIR POTENTIAL, FOCUSING ON THE REALMS OF: - EDUCATION - EQUALITY - PERSONAL DEVELOPMENT - ENTREPRENEURIAL SUPPORT - INNOVATIVE EMPLOYMENT PROGRAMS.

    Expenses $100,000 · Grants $100,000

  • CHARITY HOSPICES SUPPORT TO CHARITIES PROVIDING: - RELIEF TO THOSE OF ILL-HEALTH - END OF LIFE CARE.

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

Listed in Part VII

  • David Hurley

    CHAIRMAN AND DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lorrie Nelson

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Birnbaum

    STEERING COMMITTEE MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elannie Damianos

    STEERING COMMITTEE 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

Provenance

Return type
form_990
Tax year
2022
Filed
15 March 2024
IRS schema version
2022v5.0
Source object
202440759349301784

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