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Thomas J Watson Foundation Tr

  • Chicago, IL
  • Tax-exempt since Sept. 2017
  • EIN: 35-7120359

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$8.4M (2024)

Expenses
$6.31M (2024)

Total Assets
$55.4M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2019 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,397,783
Expenses
$6,314,099
Net Income
$2,083,684
Net Assets
$55,369,003
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $150,717
1.8%
Interest Revenue $0
Dividends $1,496,361
17.8%
Sales of Assets -$355,798
Other Income $7,106,503
84.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,914,794
93.7%
Compensation of Officers* $214,474
3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $55,369,003
Total Liabilities $0
Net Assets $55,369,003
Compensation
Key Employees and Officers Compensation Other
Chris Kasabach (Executive Director) $350,000 $89,786
Jpmorgan Trust Company Of Delaware (Trustee) $214,474 $0
Sara Nolfo (Director) $165,380 $39,502
Michael Z Bubolo (Director Of Operatio) $155,000 $45,333
Sneha Subramanian (Assoc Director) $116,136 $31,803
Carlo Lindo (Program Manager) $86,800 $50,201
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Document Links

990-PF
Filed on April 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,952,971
Expenses
$6,055,956
Net Income
-$4,102,985
Net Assets
$52,130,764
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $154,558
7.9%
Interest Revenue $0
Dividends $1,087,294
55.7%
Sales of Assets -$391,710
Other Income $1,102,829
56.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,653,405
93.4%
Compensation of Officers* $210,062
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $52,130,764
Total Liabilities $0
Net Assets $52,130,764
Compensation
Key Employees and Officers Compensation Other
Chris Kasabach (Director) $350,000 $103,746
Jpmorgan Trust Company Of Delaware (Trustee) $210,062 $0
Sara Nolfo (Assoc Director) $160,045 $49,120
Michael Z Bubolo (Assoc Director) $150,000 $56,102
Sneha Subramanian (Assoc Director) $102,473 $46,696
Carlo Lindo (Assoc Director) $84,000 $68,339
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Document Links

990-PF
Filed on April 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$12,753,173
Expenses
$6,180,044
Net Income
$6,573,129
Net Assets
$56,231,650
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $14,541
0.1%
Interest Revenue $0
Dividends $1,278,760
10.0%
Sales of Assets $7,100,846
55.7%
Other Income $4,359,026
34.2%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $5,626,893
91.0%
Compensation of Officers* $214,265
3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $56,231,650
Total Liabilities $0
Net Assets $56,231,650
Compensation
Key Employees and Officers Compensation Other
Chris Kasabach (Director) $434,167 $91,172
Jpmorgan Trust Company Of Delaware (Trustee) $214,265 $0
Sara Nolfo (Assoc Director) $156,907 $44,237
Sharon Klotz (Assoc Director) $150,000 $47,214
Michael Z Bubolo (Assoc Director) $136,000 $46,705
Sneha Subramanian (Assoc Director) $97,594 $32,433
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Document Links

990-PF
Filed on April 7, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$8,783,172
Expenses
$4,461,522
Net Income
$4,321,650
Net Assets
$53,910,981
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $117,320
1.3%
Interest Revenue $0
Dividends $802,268
9.1%
Sales of Assets $6,161,347
70.1%
Other Income $1,702,237
19.4%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,128,758
92.5%
Compensation of Officers* $203,082
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $53,910,981
Total Liabilities $0
Net Assets $53,910,981
Compensation
Key Employees and Officers Compensation Other
Chris Kasabach (Director) $330,000 $92,921
Jpmorgan Trust Company Of Delaware (Trustee) $203,082 $0
Sara Nolfo (Assoc Director) $151,590 $42,731
Rebecca Breuer (Assoc Director) $97,950 $34,780
Michael Z Bubolo (Assoc Director) $93,888 $36,443
Sneha Subramanian (Assoc Director) $93,380 $31,160
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Document Links

990-PF
Filed on April 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$7,562,986
Expenses
$4,880,942
Net Income
$2,682,044
Net Assets
$52,777,482
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $1,312,142
17.3%
Sales of Assets $5,655,972
74.8%
Other Income $594,872
7.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,202,756
86.1%
Compensation of Officers* $199,146
4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $52,777,483
Total Liabilities $1
Net Assets $52,777,482
Compensation
Key Employees and Officers Compensation Other
Chris Kasabach (Director) $370,833 $79,234
Jpmorgan Trust Company Of Delaware (Trustee) $199,146 $0
Sara Nolfo (Assoc Director) $142,040 $39,877
Michael Z Bubolo (Assoc Director) $87,991 $29,158
Sneha Subramanian (Assoc Director) $86,691 $29,363
Jacqueline Voluz (Assoc Director) $52,780 $23,447
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Document Links

990-PF
Filed on April 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$13,075,126
Expenses
$4,415,080
Net Income
$8,660,046
Net Assets
$52,420,195
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $6,000
0.0%
Interest Revenue $0
Dividends $1,072,946
8.2%
Sales of Assets $11,996,123
91.7%
Other Income $57
0.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,797,445
86.0%
Compensation of Officers* $201,266
4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $52,420,195
Total Liabilities $0
Net Assets $52,420,195

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending May
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF
PDF (2 of 2)

Fiscal Year Ending May
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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