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Nonprofiteer
← THOMAS S WATSON SUPPORTINGFOUNDATION

Form 990 for tax year 2023

Filed by THOMAS S WATSON SUPPORTINGFOUNDATION.

Totals

Total revenue
$7,685
Total expenses
$234,503
Contributions and grants received
$15,000
Grants paid
$176,300
Program service revenue
$0
Investment income
-$7,315
Other revenue
$0
Total assets, end of year
$5,877,741
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,877,741
Program services expenses (Part IX)
$176,300
Management and general expenses
$39,203
Fundraising expenses
$19,000
Program service expenses (Part III)
$176,300

Program services were 75.2% 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

    $15,000

  • 3 · Investment income

    total $41,801 · excluded $41,801

  • 4 · Income from investment of tax-exempt bond proceeds

    total $2,723 · excluded $2,723

  • 7a · Gross sales of assets other than inventory

    securities $527,626

  • 7b · Less cost or other basis and sales expenses

    securities $579,465

  • 7c · Gain or loss

    securities -$51,839

  • 7d · Net gain or loss

    total -$51,839 · excluded -$51,839

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,300 · program services $176,300

  • 11b · Fees: legal

    total $4,102 · management and general $4,102

  • 11c · Fees: accounting

    total $3,500 · management and general $3,500

  • 11f · Fees: investment management

    total $11,132 · management and general $11,132

  • 23 · Insurance

    total $19,938 · management and general $19,938

  • 24a · Other expenses: FUNDRAISING EVENT ADVAN

    total $19,000 · fundraising $19,000

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $531 · management and general $531

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,995 · end of year $15,596

  • 2 · Savings and temporary cash investments

    beginning of year $135,000

  • 11 · Investments: publicly traded securities

    beginning of year $1,349,098 · end of year $1,395,940

  • 15 · Other assets

    beginning of year $4,466,205 · end of year $4,466,205

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,953,298 · end of year $5,953,298

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$75,557

Mission and programs · 2023

Mission

THE CORPORATION INTENDS TO DISPLAY OR ARRANGE FOR THE DISPLAY OF GOLF-RELATED AND OTHER MEMORABILIA OF THOMAS S. WATSON TO MEMBERS OF THE GENERAL PUBLIC TO FURTHER THE GENERAL PUBLIC'S KNOWLEDGE AND UNDERSTANDING OF THE LIFE AND CAREER OF THOMAS S. WATSON AND THE HISTORY OF GOLF IN GENERAL AND TO SUPPORT SUCH QUALIFIED ORGANIZATIONS DEDICATED TO PROVIDING YOUNG INDIVIDUALS OF ALL BACKGROUNDS AN OPPORTUNITY TO EXPERIENCE THE JOY, PLEASURE AND SATISFACTION THE GAME OF GOLF CAN PROVIDE. THE INITIAL PUBLICLY SUPPORTED ORGANIZATION SHALL BE THE JUNIOR GOLF FOUNDATION OF GREATER KANSAS CITY, INC.

Activities or mission (Part I)

TO DISPLAY GOLF-RELATED AND OTHER MEMORABILIA OF THOMAS S. WATSON TO FURTHER THE GENERAL PUBLIC'S KNOWLEDGE AND UNDERSTANDING OF HIS LIFE AND CAREER.

  • PROVIDED FINANCIAL SUPPORT TO THE WATSON YOUTH GOLF FOUNDATION.

    Expenses $176,300 · Grants $176,300

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHAEL R THIESSEN

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • THOMAS S WATSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ANDY FISHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID FLANDERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FRANK H KIRK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL B WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEG WATSON CARR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK R ALLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GARY D GILSON

    PRESIDENT/SECRETARY

    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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349309267

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