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Nonprofit · EIN 39-1942709

EDUCATIONAL FOUNDATION OF WATERTOWN INC

Tax-exempt · WATERTOWN, WI 53094

Financials

$135K$64K2025
Revenue Expenses · by fiscal year end
Financials of EDUCATIONAL FOUNDATION OF WATERTOWN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$134,519$64,319$70,200$525,151$0$525,151
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$46,686
Program service revenue
$0
Investment income
$67,747
Net income from fundraising events
$20,086
Other revenue
$20,086

Expenses

Grants and similar amounts paid
$59,230
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$60
Program services (functional)
$59,230
Management and general (functional)
$5,089

Balance sheet and other

Total assets, start of year
$454,951
Total assets, end of year
$525,151
Total liabilities, end of year
$0
Net assets, end of year
$525,151
Publicly traded securities
$504,824
Net assets without donor restrictions
$520,920
Net assets with donor restrictions
$4,231
Gross unrelated business income
$67,747
Gross receipts
$147,722
Employees
0
Volunteers
5
Year formed
1999
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Kathy WagnerPresident
Trustee or director, Officer
5$0
Randy PhelpsVice President
Trustee or director, Officer
3$0
Kate LapinSecretary
Trustee or director, Officer
2$0
John HigginsTreasurer
Trustee or director, Officer
3$0
Jeff AllenBoard Member
Trustee or director
5$0
Elizabeth BoxellBoard Member
Trustee or director
1$0
Charity ChandlerBoard Member
Trustee or director
1$0
Jenifer HedrickBoard Member
Trustee or director
1$0
Jeanne HigginsBoard Member
Trustee or director
1$0
Ed HoyBoard Member
Trustee or director
1$0
Tina JohnsonBoard Member
Trustee or director
1$0
Neale JonesBoard Member
Trustee or director
1$0
Christopher KoppesBoard Member
Trustee or director
1$0
Melissa LampeBoard Member
Trustee or director
1$0
Jennine SchildbachBoard Member
Trustee or director
1$0
4 more people on this return
NameTitleHours / weekCompensation
Dianne SchultzBoard Member
Trustee or director
1$0
Paul SommersBoard Member
Trustee or director
1$0
Erin StaiBoard Member
Trustee or director
1$0
Pete ThompsonBoard Member
Trustee or director
1$0

Address and contacts

Address (IRS master file)
111 DODGE ST, WATERTOWN, WI 53094-4434
In care of
% TREASURER
Mailing address (990-N for 2024)
111 DODGE STREET, WATERTOWN WI 53094
Principal officer (990 for 2025)
John Higgins, 111 Dodge Street, Watertown, WI 53094
Principal officer (990-N for 2024)
John Higgins, 1206 Riverview Lane, WATERTOWN WI 53094
Signed the 990
John Higgins, Treasurer
Return prepared by
Corey A Pfaffe CPA LLC

Mission

The Educational Foundation of Watertown is a nonprofit organization who acquires and distributes financial resources to promote and strengthen education opportunities for both public and private schools throughout the Watertown Area School District.

990 for the year ended December 31, 2025

Program accomplishments

  • The Educational Foundation of Watertown distributed 52,313 to the administrators of schools, both public and private, during the first week of November 2025. Presently 50 teachers are ordering and implementing new classroom materials with these funds. To see recipients of the grants and how theyre using the funds, follow the Educational Foundation of Watertown on Facebook. A free way to help the Foundation is to share these social media posts so that more people find out about the great work that youve contributed to
    Expenses $59,230 · grants $59,230

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990-N on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
39-1942709
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B80)
Assets (IRS master file)
$525,151
Income (IRS master file)
$147,722

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$134,519$64,319$525,151XML
990-N for 2024
Officer: John Higgins
December 31, 2024≤ $50,000 receipts––e-Postcard
990-N for 2023
Officer: Neale R Jones
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Neale Jones
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Neale Jones
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Randy Phelps
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1942709).

Questions about EDUCATIONAL FOUNDATION OF WATERTOWN INC

What is the EIN of EDUCATIONAL FOUNDATION OF WATERTOWN INC?
The employer identification number (EIN) of EDUCATIONAL FOUNDATION OF WATERTOWN INC is 39-1942709.
Is EDUCATIONAL FOUNDATION OF WATERTOWN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to EDUCATIONAL FOUNDATION OF WATERTOWN INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EDUCATIONAL FOUNDATION OF WATERTOWN INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of EDUCATIONAL FOUNDATION OF WATERTOWN INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EDUCATIONAL FOUNDATION OF WATERTOWN INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of EDUCATIONAL FOUNDATION OF WATERTOWN INC?
The 990 for the year ended December 31, 2025 names John Higgins.
Who are the officers and directors of EDUCATIONAL FOUNDATION OF WATERTOWN INC?
The 990 for the year ended December 31, 2025 lists 19 people; 0 received compensation from the organization.
How much revenue does EDUCATIONAL FOUNDATION OF WATERTOWN INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $134,519, expenses of $64,319 and total assets of $525,151 at year end.

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