Homer I & Persephone B Watts Memorial Tr

Milwaukee, WI
Tax-exempt since Oct. 1974
EIN: 93-6082689

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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

$63.8k (2025)

Expenses

$48.4k (2025)

Total Assets

$589k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 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 June
2025

Revenue

$63,786

Expenses

$48,370

Net Income

$15,416

Net Assets

$589,497

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,127	37.8%
Sales of Assets	$39,630	62.1%
Other Income	$29	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$37,728	78.0%
Compensation of Officers*	$11,214	23.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$589,497
Total Liabilities	$0
Net Assets	$589,497

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$11,214	$0

990-PF

Filed on Oct. 17, 2025

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Fiscal Year Ending June
2024

Revenue

$29,453

Expenses

$39,920

Net Income

-$10,467

Net Assets

$572,087

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$18,165	61.7%
Sales of Assets	$10,875	36.9%
Other Income	$413	1.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,135	75.5%
Compensation of Officers*	$10,569	26.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$572,087
Total Liabilities	$0
Net Assets	$572,087

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$10,569	$0

990-PF

Filed on Oct. 29, 2024

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Fiscal Year Ending June
2023

Revenue

$22,193

Expenses

$58,326

Net Income

-$36,133

Net Assets

$582,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,351	69.2%
Sales of Assets	$6,829	30.8%
Other Income	$13	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,615	81.6%
Compensation of Officers*	$10,318	17.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$582,556
Total Liabilities	$0
Net Assets	$582,556

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Trustee)	$10,318	$0

990-PF

Filed on Nov. 7, 2023

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

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Fiscal Year Ending June
2022

Revenue

$64,913

Expenses

$50,306

Net Income

$14,607

Net Assets

$618,691

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,317	25.1%
Sales of Assets	$48,589	74.9%
Other Income	$7	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,708	76.9%
Compensation of Officers*	$12,683	25.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$618,691
Total Liabilities	$0
Net Assets	$618,691

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$12,683	$0

990-PF

Filed on Oct. 27, 2022

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

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Fiscal Year Ending June
2021

Revenue

$22,856

Expenses

$30,070

Net Income

-$7,214

Net Assets

$604,114

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,243	57.9%
Sales of Assets	$9,504	41.6%
Other Income	$109	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,023	63.3%
Compensation of Officers*	$12,122	40.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$604,115
Total Liabilities	$1
Net Assets	$604,114

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$12,122	$0

990-PF

Filed on Nov. 1, 2021

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Fiscal Year Ending June
2020

Revenue

$41,471

Expenses

$52,128

Net Income

-$10,657

Net Assets

$611,331

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,241	39.2%
Sales of Assets	$23,223	56.0%
Other Income	$2,007	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,499	79.6%
Compensation of Officers*	$11,030	21.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$611,332
Total Liabilities	$1
Net Assets	$611,331

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$11,030	$0

990-PF

Filed on Nov. 10, 2020

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Fiscal Year Ending June
2019

Revenue

$57,297

Expenses

$51,638

Net Income

$5,659

Net Assets

$622,024

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,411	30.4%
Sales of Assets	$38,820	67.8%
Other Income	$1,066	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,221	77.9%
Compensation of Officers*	$11,086	21.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$622,024
Total Liabilities	$0
Net Assets	$622,024

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$11,086	$0

990-PF

Filed on Nov. 3, 2019

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Fiscal Year Ending June
2018

Revenue

$45,766

Expenses

$46,458

Net Income

-$692

Net Assets

$616,366

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$15,702	34.3%
Sales of Assets	$29,889	65.3%
Other Income	$175	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$35,565	76.6%
Compensation of Officers*	$11,840	25.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$616,366
Total Liabilities	$0
Net Assets	$616,366

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$11,840	$0

990-PF

Filed on Oct. 15, 2018

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Fiscal Year Ending June
2017

Revenue

$17,875

Expenses

$41,679

Net Income

-$23,804

Net Assets

$617,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$13,545	75.8%
Sales of Assets	$2,496	14.0%
Other Income	$1,834	10.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,862	74.0%
Compensation of Officers*	$11,120	26.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$617,057
Total Liabilities	$0
Net Assets	$617,057

Compensation

Key Employees and Officers	Compensation	Other
U S Bank (Trustee)	$11,120	$0

990-PF

Filed on Nov. 3, 2017

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Fiscal Year Ending June
2016

Revenue

$50,202

Expenses

$49,505

Net Income

$697

Net Assets

$641,091

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$14,165	28.2%
Sales of Assets	$36,037	71.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,569	77.9%
Compensation of Officers*	$11,095	22.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$641,091
Total Liabilities	$0
Net Assets	$641,091

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$11,095	$0

990-PF

Filed on Oct. 29, 2016

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Fiscal Year Ending June
2015

Revenue

$48,017

Expenses

$81,698

Net Income

-$33,681

Net Assets

$638,525

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,242	35.9%
Sales of Assets	$30,775	64.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$69,749	85.4%
Compensation of Officers*	$12,548	15.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$638,525
Total Liabilities	$0
Net Assets	$638,525

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$12,548	$0

990-PF

Filed on Nov. 12, 2015

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Fiscal Year Ending June
2014

Revenue

$21,488

Expenses

$38,264

Net Income

-$16,776

Net Assets

$672,209

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$30	0.1%
Interest Revenue	$0
Dividends	$14,576	67.8%
Sales of Assets	$6,882	32.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,671	69.7%
Compensation of Officers*	$12,466	32.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$672,209
Total Liabilities	$0
Net Assets	$672,209

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$13,966	$0

990-PF

Filed on Nov. 3, 2014

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Fiscal Year Ending June
2013

Revenue

$30,802

Expenses

$53,859

Net Income

-$23,057

Net Assets

$688,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,173	52.5%
Sales of Assets	$14,629	47.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,044	76.2%
Compensation of Officers*	$12,032	22.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$688,482
Total Liabilities	$1
Net Assets	$688,481

990-PF

Filed on Jan. 15, 2014

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Fiscal Year Ending June
2012

Revenue

$99,262

Expenses

$45,842

Net Income

$53,420

Net Assets

$711,541

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,951	18.1%
Sales of Assets	$81,311	81.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$34,650	75.6%
Compensation of Officers*	$10,745	23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$711,542
Total Liabilities	$1
Net Assets	$711,541

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.

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Updated March 23, 2026

Homer I & Persephone B Watts Memorial Tr

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $63.8k (2025)

Expenses $48.4k (2025)

Total Assets $589k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending June 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$63.8k (2025)

Expenses

$48.4k (2025)

Total Assets

$589k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending June
2025

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2024

Fiscal Year Ending June
2023

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2022

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2021

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2020

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2019

Fiscal Year Ending June
2018

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2017

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2016

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2015

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2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

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2011

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2010

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2009

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2008

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2007

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2006

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2005

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2004

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2003

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2002