Watts Family Foundation

Rochester, MN
Tax-exempt since Dec. 2002
EIN: 71-0882769

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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.

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

Donations to this organization are tax deductible.

Revenue

$75.7k (2024)

Expenses

$94.1k (2024)

Total Assets

$884k (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

$75,672

Expenses

$94,125

Net Income

-$18,453

Net Assets

$883,779

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$31	0.0%
Dividends	$25,467	33.7%
Sales of Assets	$50,174	66.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,521	90.9%
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	$883,779
Total Liabilities	$0
Net Assets	$883,779

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 15, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$82,885

Expenses

$91,337

Net Income

-$8,452

Net Assets

$884,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$59,500	71.8%
Interest Revenue	$15	0.0%
Dividends	$18,338	22.1%
Sales of Assets	$5,032	6.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$81,697	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	$884,645
Total Liabilities	$0
Net Assets	$884,645

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on Sept. 10, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$57,997

Expenses

$74,451

Net Income

-$16,454

Net Assets

$806,891

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,961	15.5%
Interest Revenue	$3	0.0%
Dividends	$17,104	29.5%
Sales of Assets	$31,929	55.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$63,930	85.9%
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	$806,891
Total Liabilities	$0
Net Assets	$806,891

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 11, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$111,548

Expenses

$129,052

Net Income

-$17,504

Net Assets

$996,751

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,000	31.4%
Interest Revenue	$1	0.0%
Dividends	$27,568	24.7%
Sales of Assets	$48,979	43.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,020	92.2%
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	$996,751
Total Liabilities	$0
Net Assets	$996,751

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 12, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$59,657

Expenses

$72,605

Net Income

-$12,948

Net Assets

$938,818

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$12,000	20.1%
Interest Revenue	$0
Dividends	$17,620	29.5%
Sales of Assets	$30,037	50.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,720	89.1%
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	$938,819
Total Liabilities	$1
Net Assets	$938,818

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on Sept. 23, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$73,270

Expenses

$63,180

Net Income

$10,090

Net Assets

$896,864

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	34.1%
Interest Revenue	$0
Dividends	$15,854	21.6%
Sales of Assets	$32,416	44.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,559	84.8%
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	$896,865
Total Liabilities	$1
Net Assets	$896,864

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on July 13, 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

$81,806

Expenses

$63,431

Net Income

$18,375

Net Assets

$775,917

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	18.3%
Interest Revenue	$0
Dividends	$56,200	68.7%
Sales of Assets	$10,606	13.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,143	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	$775,917
Total Liabilities	$0
Net Assets	$775,917

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$146,131

Expenses

$51,558

Net Income

$94,573

Net Assets

$877,972

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$97,350	66.6%
Interest Revenue	$0
Dividends	$15,463	10.6%
Sales of Assets	$33,318	22.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,745	82.9%
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	$877,972
Total Liabilities	$0
Net Assets	$877,972

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 29, 2018

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

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XML

Fiscal Year Ending Dec.
2016

Revenue

$88,179

Expenses

$104,689

Net Income

-$16,510

Net Assets

$723,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,000	23.8%
Interest Revenue	$0
Dividends	$15,109	17.1%
Sales of Assets	$52,070	59.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,080	90.8%
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	$723,849
Total Liabilities	$0
Net Assets	$723,849

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 15, 2017

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

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PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$96,387

Expenses

$58,402

Net Income

$37,985

Net Assets

$741,126

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$21,000	21.8%
Interest Revenue	$0
Dividends	$14,723	15.3%
Sales of Assets	$60,664	62.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$48,545	83.1%
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	$741,126
Total Liabilities	$0
Net Assets	$741,126

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 16, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$92,641

Expenses

$61,266

Net Income

$31,375

Net Assets

$796,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$22,000	23.7%
Interest Revenue	$0
Dividends	$18,860	20.4%
Sales of Assets	$51,781	55.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$51,470	84.0%
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	$796,024
Total Liabilities	$0
Net Assets	$796,024

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 14, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$76,936

Expenses

$52,332

Net Income

$24,604

Net Assets

$792,697

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	26.0%
Interest Revenue	$972	1.3%
Dividends	$16,949	22.0%
Sales of Assets	$39,015	50.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,570	83.3%
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	$792,697
Total Liabilities	$0
Net Assets	$792,697

Compensation

Key Employees and Officers	Compensation	Other
Allan Watts (Vice President)	$0	$0
Julie Watts (President)	$0	$0

990-PF

Filed on May 14, 2014

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

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PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$45,027

Expenses

$41,861

Net Income

$3,166

Net Assets

$693,520

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	44.4%
Interest Revenue	$1,020	2.3%
Dividends	$16,686	37.1%
Sales of Assets	$7,321	16.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$33,920	81.0%
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	$693,521
Total Liabilities	$1
Net Assets	$693,520

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$38,531

Expenses

$42,652

Net Income

-$4,121

Net Assets

$632,943

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	38.9%
Interest Revenue	$1,020	2.6%
Dividends	$14,269	37.0%
Sales of Assets	$8,242	21.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,070	82.2%
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	$632,944
Total Liabilities	$1
Net Assets	$632,943

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

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Watts Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $75.7k (2024)

Expenses $94.1k (2024)

Total Assets $884k (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

$75.7k (2024)

Expenses

$94.1k (2024)

Total Assets

$884k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

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