Watson Family Foundation

Houston, TX
Tax-exempt since May 1994
EIN: 76-0420732

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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

$117k (2024)

Expenses

$56.6k (2024)

Total Assets

$337k (2024)

Total Liabilities

$1.43k (2024)

Years with missing data

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

$116,533

Expenses

$56,647

Net Income

$59,886

Net Assets

$335,108

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	85.8%
Interest Revenue	$0
Dividends	$16,533	14.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,000	97.1%
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	$336,534
Total Liabilities	$1,426
Net Assets	$335,108

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on May 14, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$63,514

Expenses

$1,367,616

Net Income

-$1,304,102

Net Assets

$275,109

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175,000	> 100%
Interest Revenue	$0
Dividends	$15,393	24.2%
Sales of Assets	-$126,879
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,363,540	99.7%
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	$276,535
Total Liabilities	$1,426
Net Assets	$275,109

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on Sept. 16, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$6,557

Expenses

$213,979

Net Income

-$207,422

Net Assets

$1,579,211

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,711	> 100%
Sales of Assets	-$12,154
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$207,000	96.7%
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	$1,580,637
Total Liabilities	$1,426
Net Assets	$1,579,211

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on May 15, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,733,141

Expenses

$162

Net Income

$1,732,979

Net Assets

$1,786,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,731,898	99.9%
Interest Revenue	$0
Dividends	$363	0.0%
Sales of Assets	$880	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$1,788,059
Total Liabilities	$1,426
Net Assets	$1,786,633

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on Sept. 14, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$100,608

Expenses

$55,066

Net Income

$45,542

Net Assets

$59,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100,000	99.4%
Interest Revenue	$0
Dividends	$286	0.3%
Sales of Assets	$322	0.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$55,001	99.9%
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	$61,139
Total Liabilities	$1,426
Net Assets	$59,713

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on June 15, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$150,507

Expenses

$166,219

Net Income

-$15,712

Net Assets

$14,171

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$150,000	99.7%
Interest Revenue	$0
Dividends	$292	0.2%
Sales of Assets	$215	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$166,049	99.9%
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	$15,597
Total Liabilities	$1,426
Net Assets	$14,171

Compensation

Key Employees and Officers	Compensation	Other
Charles L Watson (President)	$0	$0
Kim R Watson (Vp, Sec, Treasurer)	$0	$0

990-PF

Filed on July 14, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$600,710

Expenses

$589,300

Net Income

$11,410

Net Assets

$179,054

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$600,000	99.9%
Interest Revenue	$0
Dividends	$402	0.1%
Sales of Assets	$308	0.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$583,245	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	$180,480
Total Liabilities	$1,426
Net Assets	$179,054

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,622,286

Expenses

$1,051,084

Net Income

$571,202

Net Assets

$167,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,025,143	63.2%
Interest Revenue	$0
Dividends	$6,248	0.4%
Sales of Assets	$593,645	36.6%
Other Income	-$2,750

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,039,632	98.9%
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	$168,820
Total Liabilities	$1,426
Net Assets	$167,394

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$35,507

Expenses

$1,536,719

Net Income

-$1,501,212

Net Assets

$102,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,685	18.8%
Sales of Assets	$28,822	81.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,533,511	99.8%
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	$104,057
Total Liabilities	$1,426
Net Assets	$102,631

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,145,743

Expenses

$796,766

Net Income

$1,348,977

Net Assets

$1,603,810

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,120,999	98.8%
Interest Revenue	$0
Dividends	$5,251	0.2%
Sales of Assets	$19,493	0.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$794,995	99.8%
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	$1,605,236
Total Liabilities	$1,426
Net Assets	$1,603,810

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,735

Expenses

$334,398

Net Income

-$330,663

Net Assets

$254,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$3,550	95.0%
Sales of Assets	$185	5.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$333,939	99.9%
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	$256,292
Total Liabilities	$1,426
Net Assets	$254,866

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

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Types of Nonprofits

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Watson Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $117k (2024)

Expenses $56.6k (2024)

Total Assets $337k (2024)

Total Liabilities $1.43k (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

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$117k (2024)

Expenses

$56.6k (2024)

Total Assets

$337k (2024)

Total Liabilities

$1.43k (2024)

Fiscal Year Ending Dec.
2024

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2023

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2022

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2021

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2020

Fiscal Year Ending Dec.
2019

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2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
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