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Donald R Watson Foundation Inc

Unc Wilmington
  • Wilmington, NC
  • Tax-exempt since Feb. 1995
  • EIN: 56-1861816

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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$52.4k (2023)

Expenses
$93.8k (2023)

Total Assets
$1.44M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2012 to 2023

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 June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$52,410
Expenses
$93,848
Net Income
-$41,438
Net Assets
$1,440,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $59,712
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,302
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,440,739
Total Liabilities $0
Net Assets $1,440,739
Compensation
Key Employees and Officers Compensation Related Other
Aswani Volety (President) $0 $219,974 $30,412
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $230,948 $38,982
Jose Sartarelli (Past President) $0 $250,937 $35,568
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Document Links

990
Filed on Nov. 9, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$148,740
Expenses
$98,620
Net Income
$50,120
Net Assets
$1,412,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $120,570
81.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $28,170
18.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,412,803
Total Liabilities $0
Net Assets $1,412,803
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $393,981 $45,909
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $193,466 $33,031
+ View more people

Document Links

990
Filed on Jan. 12, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,755
Expenses
$95,224
Net Income
-$16,469
Net Assets
$1,772,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $64,178
81.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,577
18.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,779,474
Total Liabilities $6,563
Net Assets $1,772,911
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $392,903 $44,826
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $192,286 $32,825
+ View more people

Document Links

990
Filed on Nov. 15, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$89,713
Expenses
$93,038
Net Income
-$3,325
Net Assets
$1,456,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $70,960
79.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $18,753
20.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,456,367
Total Liabilities $0
Net Assets $1,456,367
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $391,061 $43,870
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $192,946 $32,333
+ View more people

Document Links

990
Filed on Dec. 2, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$123,164
Expenses
$93,386
Net Income
$29,778
Net Assets
$1,525,078
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $108,017
87.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,147
12.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,525,078
Total Liabilities $0
Net Assets $1,525,078
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (Director) $0 $392,448 $42,544
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $189,446 $31,813
+ View more people

Document Links

990
Filed on Nov. 4, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$108,908
Expenses
$93,142
Net Income
$15,766
Net Assets
$1,541,417
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $99,266
91.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,642
8.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,541,417
Total Liabilities $0
Net Assets $1,541,417
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $356,053 $41,429
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $181,519 $30,579
+ View more people

Document Links

990
Filed on Nov. 14, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$78,212
Expenses
$91,239
Net Income
-$13,027
Net Assets
$1,526,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $78,024
99.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $188
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,526,446
Total Liabilities $0
Net Assets $1,526,446
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $355,223 $39,606
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $167,433 $26,912
+ View more people

Document Links

990
Filed on March 23, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$92,435
Expenses
$89,217
Net Income
$3,218
Net Assets
$1,448,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $83,101
89.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,334
10.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,448,440
Total Liabilities $0
Net Assets $1,448,440
Compensation
Key Employees and Officers Compensation Related Other
Jose V Sartarelli (President) $0 $199,673 $25,243
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $163,999 $25,995
William Sederburg (Former President) $0 $180,935 $23,103
+ View more people

Document Links

990
Filed on Jan. 16, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,185
Expenses
$90,931
Net Income
$18,254
Net Assets
$1,540,558
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $85,789
78.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $23,396
21.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,540,558
Total Liabilities $0
Net Assets $1,540,558
Compensation
Key Employees and Officers Compensation Related Other
William Sederburg (President) $0 $130,824 $16,759
Monica Watson (Vice President) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Eddie Stuart (Director) $0 $155,072 $25,648
Gary Miller (Former President) $0 $182,413 $30,169
+ View more people

Document Links

990
Filed on Feb. 1, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$72,665
Expenses
$89,034
Net Income
-$16,369
Net Assets
$1,606,396
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $54,909
75.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $17,756
24.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,606,396
Total Liabilities $0
Net Assets $1,606,396
Compensation
Key Employees and Officers Compensation Related Other
Mary Gornto (Past Director) $0 $122,728 $28,437
Monica Watson (Vice President) $0 $0 $0
Robert Warwick (Treasurer) $0 $0 $0
Bill Anlyan (Secretary) $0 $0 $0
Gary Miller (President) $0 $279,486 $67,977
Eddie Stuart (Director) $0 $114,709 $31,326
+ View more people

Document Links

990
Filed on Jan. 14, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,398
Expenses
$86,177
Net Income
-$36,779
Net Assets
$1,466,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $34,258
69.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $15,140
30.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,466,807
Total Liabilities $0
Net Assets $1,466,807

Document Links

990
Filed on Dec. 16, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,115
Expenses
$83,460
Net Income
-$55,345
Net Assets
$1,394,651
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $30,327
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,212
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,394,651
Total Liabilities $0
Net Assets $1,394,651

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2004

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2003

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2002

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

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About 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.

API

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Byline

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

Updated