The Watts Foundation Inc

Ft Lauderdale, FL
Tax-exempt since April 1981
EIN: 59-1971220

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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

$3.07M (2024)

Expenses

$1.35M (2024)

Total Assets

$25.9M (2024)

Total Liabilities

$40.2k (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 Oct.
2024

Revenue

$3,069,304

Expenses

$1,350,363

Net Income

$1,718,941

Net Assets

$25,823,367

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35,672	1.2%
Dividends	$447,789	14.6%
Sales of Assets	$2,324,237	75.7%
Other Income	$261,606	8.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,193,116	88.4%
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	$25,863,559
Total Liabilities	$40,192
Net Assets	$25,823,367

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Vp)	$0	$0
Elizabeth Greaton Stephany Esq (Pres/Sec/Tre)	$0	$0
Brandon Kress (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Lindsey Linzer (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Norie Del Valle (Director)	$0	$0
Stephanie A Aoun (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 7, 2025

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

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Fiscal Year Ending Oct.
2023

Revenue

$696,001

Expenses

$1,337,596

Net Income

-$641,595

Net Assets

$22,188,835

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$21,146	3.0%
Dividends	$506,894	72.8%
Sales of Assets	$114,504	16.5%
Other Income	$53,457	7.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,187,272	88.8%
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	$22,196,364
Total Liabilities	$7,529
Net Assets	$22,188,835

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Sec/Treas)	$0	$0
Brandon Kress (Director)	$0	$0
Lindsey Linzer (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Stephanie A Aoun (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Norie Del Valle (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 5, 2024

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

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PDF XML

Fiscal Year Ending Oct.
2022

Revenue

$1,047,284

Expenses

$1,333,796

Net Income

-$286,512

Net Assets

$22,354,086

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,248	0.1%
Dividends	$524,362	50.1%
Sales of Assets	$98,586	9.4%
Other Income	$423,088	40.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,192,179	89.4%
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	$22,365,840
Total Liabilities	$11,754
Net Assets	$22,354,086

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Sec/Treas)	$0	$0
William J Rotella (Director)	$0	$0
Lindsey Linzer (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Stephanie A Aoun (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 13, 2023

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

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Fiscal Year Ending Oct.
2021

Revenue

$3,446,324

Expenses

$1,435,665

Net Income

$2,010,659

Net Assets

$27,088,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,217	0.1%
Dividends	$326,384	9.5%
Sales of Assets	$2,904,676	84.3%
Other Income	$213,047	6.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,202,995	83.8%
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	$27,170,060
Total Liabilities	$81,570
Net Assets	$27,088,490

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Sec/Treas)	$0	$0
William J Rotella (Director)	$0	$0
Charisse Grant (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on Feb. 22, 2022

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

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Fiscal Year Ending Oct.
2020

Revenue

$1,264,949

Expenses

$1,290,095

Net Income

-$25,146

Net Assets

$22,592,446

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6,474	0.5%
Dividends	$779,968	61.7%
Sales of Assets	$337,664	26.7%
Other Income	$140,843	11.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,177,305	91.3%
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	$22,620,482
Total Liabilities	$28,036
Net Assets	$22,592,446

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Sec/Treas)	$0	$0
William J Rotella (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Charisse Grant (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 6, 2021

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

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XML

Fiscal Year Ending Oct.
2019

Revenue

$1,665,407

Expenses

$1,299,198

Net Income

$366,209

Net Assets

$22,928,544

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$142,081	8.5%
Dividends	$937,354	56.3%
Sales of Assets	$475,271	28.5%
Other Income	$110,701	6.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,184,985	91.2%
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	$22,963,064
Total Liabilities	$34,520
Net Assets	$22,928,544

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Sec/Treas)	$0	$0
William J Rotella (Director)	$0	$0
Charisse Grant (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 7, 2020

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

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Schedules ▼

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Fiscal Year Ending Oct.
2018

Revenue

$1,482,450

Expenses

$1,293,452

Net Income

$188,998

Net Assets

$22,344,162

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7,184	0.5%
Dividends	$897,644	60.6%
Sales of Assets	$472,944	31.9%
Other Income	$104,678	7.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,189,511	92.0%
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	$22,385,458
Total Liabilities	$41,296
Net Assets	$22,344,162

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Treas/Sec)	$0	$0
William J Rotella (Director)	$0	$0
Charisse Grant (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 15, 2019

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

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Fiscal Year Ending Oct.
2017

Revenue

$307,371

Expenses

$1,327,715

Net Income

-$1,020,344

Net Assets

$23,867,695

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$5,131	1.7%
Dividends	$667,013	> 100%
Sales of Assets	-$469,861
Other Income	$105,088	34.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,185,448	89.3%
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	$23,919,538
Total Liabilities	$51,843
Net Assets	$23,867,695

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chairman/Pre)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Treas/Sec)	$0	$0
William J Rotella (Director)	$0	$0
Charisse Grant (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on March 6, 2018

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

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Fiscal Year Ending Oct.
2016

Revenue

$379,512

Expenses

$1,303,954

Net Income

-$924,442

Net Assets

$21,656,246

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$230	0.1%
Dividends	$764,744	> 100%
Sales of Assets	-$522,594
Other Income	$137,132	36.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,189,291	91.2%
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	$21,679,618
Total Liabilities	$23,372
Net Assets	$21,656,246

Compensation

Key Employees and Officers	Compensation	Other
Wilson B Greaton Jr Esq (Chair/Pres)	$0	$0
Elizabeth Greaton Stephany Esq (Vp/Treas/Sec)	$0	$0
William J Rotella (Director)	$0	$0
Charisse Grant (Director)	$0	$0
D Keith Cobb (Director)	$0	$0
Paul E Daly (Director)	$0	$0
Lilly Gallardo (Director)	$0	$0
Mary E Donworth (Director)	$0	$0
Richard G Coker Jr Esq (Director)	$0	$0

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990-PF

Filed on May 22, 2017

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

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Fiscal Year Ending Oct.
2015

Revenue

$1,409,674

Expenses

$1,328,557

Net Income

$81,117

Net Assets

$22,043,779

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$400	0.0%
Interest Revenue	$38,557	2.7%
Dividends	$1,487,095	> 100%
Sales of Assets	$0
Other Income	$153,340	10.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,197,770	90.2%
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	$22,062,200
Total Liabilities	$18,421
Net Assets	$22,043,779

990-PF

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

PDF

Fiscal Year Ending Oct.
2014

Revenue

$1,917,703

Expenses

$1,302,812

Net Income

$614,891

Net Assets

$23,865,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$51	0.0%
Dividends	$1,106,741	57.7%
Sales of Assets	$606,190	31.6%
Other Income	$204,721	10.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,191,088	91.4%
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	$23,896,388
Total Liabilities	$31,378
Net Assets	$23,865,010

990-PF

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

PDF

Fiscal Year Ending Oct.
2013

Revenue

$3,368,495

Expenses

$1,299,433

Net Income

$2,069,062

Net Assets

$23,915,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$164	0.0%
Dividends	$761,656	22.6%
Sales of Assets	$2,503,509	74.3%
Other Income	$103,166	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,187,229	91.4%
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	$23,946,857
Total Liabilities	$31,852
Net Assets	$23,915,005

990-PF

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

PDF

Fiscal Year Ending Oct.
2012

Revenue

$944,024

Expenses

$1,238,949

Net Income

-$294,925

Net Assets

$22,817,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$40	0.0%
Dividends	$487,563	51.6%
Sales of Assets	$380,045	40.3%
Other Income	$76,376	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,084,414	87.5%
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	$22,858,470
Total Liabilities	$40,983
Net Assets	$22,817,487

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$919,341

Expenses

$1,220,301

Net Income

-$300,960

Net Assets

$22,144,409

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$94	0.0%
Dividends	$549,574	59.8%
Sales of Assets	$295,700	32.2%
Other Income	$73,973	8.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,085,550	89.0%
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	$22,180,900
Total Liabilities	$36,491
Net Assets	$22,144,409

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

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The Watts Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.07M (2024)

Expenses $1.35M (2024)

Total Assets $25.9M (2024)

Total Liabilities $40.2k (2024)

Tax Filings by Year

Fiscal Year Ending Oct. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Oct. 2012

Extracted Financial Data

Revenue

$3.07M (2024)

Expenses

$1.35M (2024)

Total Assets

$25.9M (2024)

Total Liabilities

$40.2k (2024)

Fiscal Year Ending Oct.
2024

Fiscal Year Ending Oct.
2023

Fiscal Year Ending Oct.
2022

Fiscal Year Ending Oct.
2021

Fiscal Year Ending Oct.
2020

Fiscal Year Ending Oct.
2019

Fiscal Year Ending Oct.
2018

Fiscal Year Ending Oct.
2017

Fiscal Year Ending Oct.
2016

Fiscal Year Ending Oct.
2015

Fiscal Year Ending Oct.
2014

Fiscal Year Ending Oct.
2013

Fiscal Year Ending Oct.
2012

Fiscal Year Ending Oct.
2011

Fiscal Year Ending Oct.
2010

Fiscal Year Ending Oct.
2009

Fiscal Year Ending Oct.
2008

Fiscal Year Ending Oct.
2007

Fiscal Year Ending Oct.
2006

Fiscal Year Ending Oct.
2005

Fiscal Year Ending Oct.
2004

Fiscal Year Ending Oct.
2003

Fiscal Year Ending Oct.
2002

Fiscal Year Ending Oct.
2001