Frederick O Watson Foundation

Minneapolis, MN
Tax-exempt since June 1989
EIN: 41-1625546

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Type of Nonprofit

Designated as a 501(c)(3) 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.

Donations to this organization are tax deductible.

Revenue

$31.5k (2024)

Expenses

$20.2k (2024)

Total Assets

$1.69M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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 Dec.
2024

Revenue

$31,473

Expenses

$20,163

Net Income

$11,310

Net Assets

$1,688,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,242	99.3%
Sales of Assets	$231	0.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,000	29.8%
Compensation of Officers*	$12,000	59.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,688,499
Total Liabilities	$0
Net Assets	$1,688,499

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on Aug. 26, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$12,757

Expenses

$19,025

Net Income

-$6,268

Net Assets

$1,472,988

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$12,557	98.4%
Sales of Assets	$200	1.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,000	31.5%
Compensation of Officers*	$12,000	63.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,472,988
Total Liabilities	$0
Net Assets	$1,472,988

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on Aug. 14, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$7,029

Expenses

$216,088

Net Income

-$209,059

Net Assets

$9,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,909	98.3%
Sales of Assets	$0
Other Income	$120	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$209,000	96.7%
Compensation of Officers*	$12,000	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$9,034
Total Liabilities	$0
Net Assets	$9,034

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 12, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$5,586

Expenses

$243,055

Net Income

-$237,469

Net Assets

$302,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,769	85.4%
Sales of Assets	$0
Other Income	$817	14.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$236,000	97.1%
Compensation of Officers*	$12,000	4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$302,707
Total Liabilities	$0
Net Assets	$302,707

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 17, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$16,293

Expenses

$330,873

Net Income

-$314,580

Net Assets

$650,065

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,772	96.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$322,000	97.3%
Compensation of Officers*	$10,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$650,066
Total Liabilities	$1
Net Assets	$650,065

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$10,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 17, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$1,026,359

Expenses

$151,382

Net Income

$874,977

Net Assets

$966,177

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$968,086	94.3%
Interest Revenue	$0
Dividends	$29,803	2.9%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,000	95.1%
Compensation of Officers*	$12,000	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$966,178
Total Liabilities	$1
Net Assets	$966,177

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 11, 2020

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

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$4,574

Expenses

$56,929

Net Income

-$52,355

Net Assets

$91,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,574	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$50,000	87.8%
Compensation of Officers*	$12,000	21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$91,217
Total Liabilities	$0
Net Assets	$91,217

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasurer)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 21, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$5,241

Expenses

$43,118

Net Income

-$37,877

Net Assets

$142,620

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,241	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$36,000	83.5%
Compensation of Officers*	$12,000	27.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$142,620
Total Liabilities	$0
Net Assets	$142,620

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasure)	$12,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 14, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$6,718

Expenses

$66,820

Net Income

-$60,102

Net Assets

$177,563

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,718	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,500	90.5%
Compensation of Officers*	$11,000	16.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$177,563
Total Liabilities	$0
Net Assets	$177,563

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasure)	$11,000	$0
Stephen M Watson (Vice President)	$0	$0
Charles H Watson (Director)	$0	$0

990-PF

Filed on May 14, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$5,582

Expenses

$27,015

Net Income

-$21,433

Net Assets

$235,079

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,582	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,000	81.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$235,079
Total Liabilities	$0
Net Assets	$235,079

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasure)	$4,000	$0
Stephen M Watson (Vp & Secretary)	$0	$0

990-PF

Filed on May 9, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$6,148

Expenses

$98,279

Net Income

-$92,131

Net Assets

$254,460

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,500	40.7%
Interest Revenue	$0
Dividends	$3,648	59.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,500	99.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$254,460
Total Liabilities	$0
Net Assets	$254,460

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasure)	$0	$0
Stephen M Watson (Vp & Secretary)	$0	$0

990-PF

Filed on May 9, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$4,987

Expenses

$106,089

Net Income

-$101,102

Net Assets

$345,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$4,987	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,000	99.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$345,549
Total Liabilities	$0
Net Assets	$345,549

Compensation

Key Employees and Officers	Compensation	Other
Douglas F Watson (President & Treasure)	$0	$0
Stephen M Watson (Vp & Secretary)	$0	$0

990-PF

Filed on June 6, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$26,523

Expenses

$85,379

Net Income

-$58,856

Net Assets

$446,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$26,523	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$84,000	98.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$446,657
Total Liabilities	$0
Net Assets	$446,657

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$13,753

Expenses

$91,600

Net Income

-$77,847

Net Assets

$505,524

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,175	95.8%
Sales of Assets	$0
Other Income	$578	4.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,100	9.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$505,524
Total Liabilities	$0
Net Assets	$505,524

990-PF

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

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

PDF

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Frederick O Watson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $31.5k (2024)

Expenses $20.2k (2024)

Total Assets $1.69M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$31.5k (2024)

Expenses

$20.2k (2024)

Total Assets

$1.69M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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2013

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