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Nonprofiteer
← WATCHES OF SWITZERLAND GROUP US FOUNDATION

Form 990 for tax year 2023

Filed by WATCHES OF SWITZERLAND GROUP US FOUNDATION.

Totals

Total revenue
$1,004,961
Total expenses
$175,831
Contributions and grants received
$1,004,961
Grants paid
$175,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$970,946
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$970,946
Program services expenses (Part IX)
$175,000
Management and general expenses
$831
Fundraising expenses
$0
Program service expenses (Part III)
$175,000

Program services were 99.5% 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

    $1,004,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,000 · program services $175,000

  • 11b · Fees: legal

    total $750 · management and general $750

  • 13 · Office expenses

    total $81 · management and general $81

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,816 · end of year $970,946

  • 27 · Net assets without donor restrictions

    beginning of year $141,816 · end of year $970,946

Mission and programs · 2023

Mission

TO PROVIDE ESSENTIAL SUPPORT THROUGH DONATIONS TO LOCAL AND NATIONAL CHARITIES FOCUSED ON POVERTY, SOCIAL MOBILITY AND HARDSHIP IN THE COMMUNITIES WITHIN WITH THE WATCHES OF SWITZERLAND GROUP OPERATES.

Activities or mission (Part I)

PROVIDE SUPPORT TO LOCAL AND NATIONAL CHARITIES FOCUSED ON POVERTY, SOCIAL MOBILITY AND HARDSHIP.

  • PROMOTING YOUTH TO SUPPORT CHARITIES THAT ASSIST YOUNG PEOPLE IN FULFILLING THEIR POTENTIAL, FOCUSING ON EDUCATION, EQUALITY, PERSONAL DEVELOPMENT, ENTREPRENEURIAL SUPPORT, AND INNOVATIVE EMPLOYMENT PROGRAMS. 170 YOUTH PARTICIPATED IN AN INTERSCHOOL COMPETITION PROMOTING ENTREPRENEURSHIP AND RAISING ASPIRATIONS AND CONFIDENCE.

    Expenses $175,000 · Grants $175,000

As filed on the 2023 return.

Listed in Part VII

  • David Hurley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Birnbaum

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Elannie Damianos

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lorrie Nelson

    OFFICER

    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

  • THE KING'S TRUST USA INC

    $175,000

    PROMOTING YOUTH TO SUPPORT CHARITIES THAT ASSIST YOUNG PEOPLE IN FULFILLING THEIR POTENTIAL, FOCUSING ON EDUCATION, EQUALITY, PERSONAL DEVELOPMENT, ENTREPRENEURIAL SUPPORT, AND INNOVATIVE EMPLOYMENT PROGRAMS.

Provenance

Return type
form_990
Tax year
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202500659349300130

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