Totals
- Total revenue
- $132,655
- Total expenses
- $197,624
- Contributions and grants received
- $94,789
- Grants paid
- $2,279
- Program service revenue
- $0
- Investment income
- $37,866
- Other revenue
- $0
- Total assets, end of year
- $1,080,802
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,080,802
- Program services expenses (Part IX)
- $39,997
- Management and general expenses
- $44,472
- Fundraising expenses
- $113,155
- Program service expenses (Part III)
- $39,997
Program services were 20.2% 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
$94,789
-
1g · Noncash contributions included above
$92,756
-
3 · Investment income
total $38,923 · excluded $38,923
-
7a · Gross sales of assets other than inventory
securities $91,699
-
7b · Less cost or other basis and sales expenses
securities $92,756
-
7c · Gain or loss
securities -$1,057
-
7d · Net gain or loss
total -$1,057 · excluded -$1,057
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $279 · program services $279
-
2 · Grants to domestic individuals
total $2,000 · program services $2,000
-
11b · Fees: legal
total $827 · management and general $827
-
11c · Fees: accounting
total $1,700 · management and general $1,700
-
12 · Advertising and promotion
total $150,873 · program services $37,718 · fundraising $113,155
-
14 · Information technology
total $5,542 · management and general $5,542
-
17 · Travel
total $33,896 · management and general $33,896
-
24a · Other expenses: EVENT/PROJECT EXPENSES
total $1,816 · management and general $1,816
-
24b · Other expenses: BANK FEES AND LICENSES
total $691 · management and general $691
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $983,591 · end of year $13,033
-
2 · Savings and temporary cash investments
end of year $905,589
-
7 · Other notes and loans receivable
beginning of year $162,180 · end of year $162,180
-
27 · Net assets without donor restrictions
beginning of year $1,145,771 · end of year $1,080,802
Mission and programs · 2023
Mission
THE ORGANIZATION IS DEDICATED TO IMPACTING LIVES BY SPREADING THE LOVE AND HOPE OF CHRIST TO ONE MORE SOUL BY MEETING REAL NEEDS, PROMOTING EDUCATION AND PROVIDING ENRICHMENT OPPORTUNITIES THROUGH CHARITABLE INITIATIVES AND PARTNERSHIPS.
-
THE WATSON SEVEN FOUNDATION AIMS TO MAKE A SIZABLE IMPACT BY STRATEGICALLY PARTNERING WITH FAITH-BASED ORGANIZATIONS TO CREATE A NETWORK OF IMPACT FOCUSED ON STRENGTHENING FAMILIES BY GIVING THEM OPPORTUNITIES TO THRIVE.
Expenses $39,997 · Grants $2,279
As filed on the 2023 return.
Listed in Part VII
-
Benjamin WatsonBENJAMIN WATSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kirsten WatsonKIRSTEN WATSON
VICE PRESIDENT
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402899349301635
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