Smith & Watson Foundation

Hobbs, NM
Tax-exempt since April 1991
EIN: 85-0387785

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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

$82.7k (2025)

Expenses

$39.2k (2025)

Total Assets

$599k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2011 to 2025

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.
2025

Revenue

$82,673

Expenses

$39,202

Net Income

$43,471

Net Assets

$599,010

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$32,000	38.7%
Interest Revenue	$0
Dividends	$50,236	60.8%
Sales of Assets	$437	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,586	80.6%
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	$599,010
Total Liabilities	$0
Net Assets	$599,010

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Secretary/Treasurer)	$0	$0

990-PF

Filed on Jan. 13, 2026

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

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Fiscal Year Ending Oct.
2024

Revenue

$22,014

Expenses

$38,735

Net Income

-$16,721

Net Assets

$555,539

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$31,065	> 100%
Sales of Assets	-$9,051
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,495	81.3%
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	$555,539
Total Liabilities	$0
Net Assets	$555,539

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Secretary/Treasurer)	$0	$0

990-PF

Filed on Dec. 4, 2024

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

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Fiscal Year Ending Oct.
2023

Revenue

$61,183

Expenses

$37,906

Net Income

$23,277

Net Assets

$572,260

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	49.0%
Interest Revenue	$0
Dividends	$30,864	50.4%
Sales of Assets	$319	0.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$31,478	83.0%
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	$572,260
Total Liabilities	$0
Net Assets	$572,260

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Secretary/Treasurer)	$0	$0

990-PF

Filed on Dec. 18, 2023

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

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Fiscal Year Ending Oct.
2022

Revenue

$81,942

Expenses

$39,415

Net Income

$42,527

Net Assets

$548,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$34,000	41.5%
Interest Revenue	$0
Dividends	$36,777	44.9%
Sales of Assets	$11,165	13.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$32,752	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	$548,983
Total Liabilities	$0
Net Assets	$548,983

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Secretary/Treasurer)	$0	$0

990-PF

Filed on Dec. 7, 2022

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

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XML

Fiscal Year Ending Oct.
2021

Revenue

$49,112

Expenses

$32,612

Net Income

$16,500

Net Assets

$506,456

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	50.9%
Interest Revenue	$0
Dividends	$15,623	31.8%
Sales of Assets	$8,489	17.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,062	79.9%
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	$506,456
Total Liabilities	$0
Net Assets	$506,456

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Secretary/Treasurer)	$0	$0

990-PF

Filed on Jan. 12, 2022

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

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Fiscal Year Ending Oct.
2020

Revenue

$47,843

Expenses

$32,562

Net Income

$15,281

Net Assets

$489,955

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	52.3%
Interest Revenue	$0
Dividends	$22,737	47.5%
Sales of Assets	$106	0.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	76.8%
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	$489,956
Total Liabilities	$1
Net Assets	$489,955

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on Dec. 15, 2020

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

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Fiscal Year Ending Oct.
2019

Revenue

$42,972

Expenses

$35,355

Net Income

$7,617

Net Assets

$474,674

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	46.5%
Interest Revenue	$0
Dividends	$22,958	53.4%
Sales of Assets	$14	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	67.9%
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	$474,675
Total Liabilities	$1
Net Assets	$474,674

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on Jan. 17, 2020

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

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Fiscal Year Ending Oct.
2018

Revenue

$86,426

Expenses

$28,326

Net Income

$58,100

Net Assets

$467,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	23.1%
Interest Revenue	$0
Dividends	$15,473	17.9%
Sales of Assets	$50,953	59.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,200	78.4%
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	$467,058
Total Liabilities	$0
Net Assets	$467,058

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on July 25, 2019

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

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Fiscal Year Ending Oct.
2017

Revenue

$45,263

Expenses

$23,867

Net Income

$21,396

Net Assets

$408,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30,000	66.3%
Interest Revenue	$0
Dividends	$14,620	32.3%
Sales of Assets	$643	1.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,950	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	$408,958
Total Liabilities	$0
Net Assets	$408,958

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
Charley R Smith (Vice Pres, S)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on Feb. 15, 2018

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

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XML

Fiscal Year Ending Oct.
2016

Revenue

$36,604

Expenses

$22,330

Net Income

$14,274

Net Assets

$387,562

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	54.6%
Interest Revenue	$0
Dividends	$15,191	41.5%
Sales of Assets	$1,413	3.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,450	96.1%
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	$387,562
Total Liabilities	$0
Net Assets	$387,562

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
Charley R Smith (Vice Pres, S)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on April 17, 2017

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

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Fiscal Year Ending Oct.
2015

Revenue

$42,747

Expenses

$23,748

Net Income

$18,999

Net Assets

$373,288

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000	58.5%
Interest Revenue	$0
Dividends	$15,149	35.4%
Sales of Assets	$2,598	6.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,450	90.3%
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	$373,288
Total Liabilities	$0
Net Assets	$373,288

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
Charley R Smith (Vice Pres, S)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on March 9, 2016

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

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Fiscal Year Ending Oct.
2014

Revenue

$35,881

Expenses

$11,170

Net Income

$24,711

Net Assets

$354,289

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	55.7%
Interest Revenue	$0
Dividends	$9,992	27.8%
Sales of Assets	$5,889	16.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,200	82.4%
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	$354,289
Total Liabilities	$0
Net Assets	$354,289

Compensation

Key Employees and Officers	Compensation	Other
Julee W Smith (President)	$0	$0
Charley R Smith (Vice Pres, S)	$0	$0
R Finn Smith (Treasurer)	$0	$0

990-PF

Filed on Jan. 14, 2015

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

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Fiscal Year Ending Oct.
2013

Revenue

$12,888

Expenses

$9,846

Net Income

$3,042

Net Assets

$329,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	> 100%
Interest Revenue	$0
Dividends	$9,063	70.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,450	75.7%
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	$329,578
Total Liabilities	$1
Net Assets	$329,577

990-PF

Filed on March 14, 2014

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

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Fiscal Year Ending Oct.
2012

Revenue

$16,928

Expenses

$5,266

Net Income

$11,662

Net Assets

$326,536

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$10,000	59.1%
Interest Revenue	$2	0.0%
Dividends	$9,532	56.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,000	94.9%
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	$326,536
Total Liabilities	$0
Net Assets	$326,536

990-PF

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

PDF

Fiscal Year Ending Oct.
2011

Revenue

$32,778

Expenses

$23,908

Net Income

$8,870

Net Assets

$314,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$20,000	61.0%
Interest Revenue	$5	0.0%
Dividends	$10,647	32.5%
Sales of Assets	$0
Other Income	$2,126	6.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,700	99.1%
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	$314,874
Total Liabilities	$1
Net Assets	$314,873

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

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Smith & Watson Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $82.7k (2025)

Expenses $39.2k (2025)

Total Assets $599k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending Oct. 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

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

Compensation

Document Links

990-PF

Fiscal Year Ending Oct. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$82.7k (2025)

Expenses

$39.2k (2025)

Total Assets

$599k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending Oct.
2025

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