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Kenneth And Jean Watson Fund

  • Wilmington, DE
  • Tax-exempt since Jan. 2013
  • EIN: 45-5288107

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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$152k (2024)

Expenses
$34.5k (2024)

Total Assets
$1.21M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2012 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

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$152,454
Expenses
$34,522
Net Income
$117,932
Net Assets
$1,214,472
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $326
0.2%
Dividends $33,906
22.2%
Sales of Assets $118,222
77.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,135
43.8%
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 $1,214,472
Total Liabilities $0
Net Assets $1,214,472
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Nov. 17, 2025

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

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$48,983
Expenses
$34,864
Net Income
$14,119
Net Assets
$1,096,540
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $203
0.4%
Dividends $32,603
66.6%
Sales of Assets $16,177
33.0%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $18,055
51.8%
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 $1,096,540
Total Liabilities $0
Net Assets $1,096,540
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2024

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

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$8,945
Expenses
$35,630
Net Income
-$44,575
Net Assets
$1,081,865
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $192
Dividends $21,607
Sales of Assets -$31,417
Other Income $673
Notable Expenses Percent of Total Expenses
Charitable Disbursements $15,947
44.8%
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 $1,081,865
Total Liabilities $0
Net Assets $1,081,865
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Nov. 12, 2023

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$173,212
Expenses
$191,462
Net Income
-$18,250
Net Assets
$1,126,440
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $71
0.0%
Dividends $23,229
13.4%
Sales of Assets $149,912
86.5%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $169,446
88.5%
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 $1,126,440
Total Liabilities $0
Net Assets $1,126,440
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Nov. 8, 2022

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$28,777
Expenses
$141,094
Net Income
-$112,317
Net Assets
$1,144,689
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $140
0.5%
Dividends $22,868
79.5%
Sales of Assets $5,747
20.0%
Other Income $22
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $120,125
85.1%
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 $1,144,690
Total Liabilities $1
Net Assets $1,144,689
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Oct. 26, 2021

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

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$69,173
Expenses
$86,716
Net Income
-$17,543
Net Assets
$1,257,006
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $467
0.7%
Dividends $32,737
47.3%
Sales of Assets $35,644
51.5%
Other Income $325
0.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $65,751
75.8%
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 $1,257,007
Total Liabilities $1
Net Assets $1,257,006
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on July 8, 2020

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$117,665
Expenses
$95,084
Net Income
$22,581
Net Assets
$1,274,550
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $262
0.2%
Dividends $35,354
30.0%
Sales of Assets $82,049
69.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,772
76.5%
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 $1,274,550
Total Liabilities $0
Net Assets $1,274,550
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on April 23, 2019

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$76,183
Expenses
$100,971
Net Income
-$24,788
Net Assets
$1,251,969
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $207
0.3%
Dividends $32,484
42.6%
Sales of Assets $43,492
57.1%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $80,054
79.3%
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 $1,251,969
Total Liabilities $0
Net Assets $1,251,969
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres, Dir, Sec, Treas) $0 $0

Document Links

990-PF
Filed on Aug. 14, 2018

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$34,441
Expenses
$101,003
Net Income
-$66,562
Net Assets
$1,276,757
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $157
0.5%
Dividends $34,060
98.9%
Sales of Assets $224
0.7%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $79,483
78.7%
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 $1,276,757
Total Liabilities $0
Net Assets $1,276,757
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on Nov. 3, 2017

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
-$9,649
Expenses
$108,699
Net Income
-$118,348
Net Assets
$1,343,319
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $167
Dividends $32,638
Sales of Assets -$42,454
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $84,336
77.6%
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 $1,343,319
Total Liabilities $0
Net Assets $1,343,319
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres / Dir / Sec / Treas) $0 $0

Document Links

990-PF
Filed on Nov. 8, 2016

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$156,143
Expenses
$92,666
Net Income
$63,477
Net Assets
$1,461,667
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $23
0.0%
Interest Revenue $116
0.1%
Dividends $46,804
30.0%
Sales of Assets $109,200
69.9%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $72,761
78.5%
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 $1,461,667
Total Liabilities $0
Net Assets $1,461,667
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres / Dir / Sec) $0 $0

Document Links

990-PF
Filed on July 29, 2015

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$16,413
Expenses
$42,209
Net Income
-$25,796
Net Assets
$1,398,190
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $98
0.6%
Dividends $36,874
> 100%
Sales of Assets -$20,559
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $22,070
52.3%
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 $1,398,190
Total Liabilities $0
Net Assets $1,398,190
Compensation
Key Employees and Officers Compensation Other
William W Thorsness (Pres / Dir / Sec) $0 $0

Document Links

990-PF
Filed on July 10, 2014

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

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,436,890
Expenses
$12,904
Net Income
$1,423,986
Net Assets
$1,423,986
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,424,055
99.1%
Interest Revenue $33
0.0%
Dividends $10,361
0.7%
Sales of Assets $2,441
0.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $7,598
58.9%
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 $1,423,986
Total Liabilities $0
Net Assets $1,423,986

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 »

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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.
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  • 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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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.

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