Nonprofit · EIN 54-6098265
TRUST B UNDER THE WILL OF H C WATSON DECEASED
Tax-exempt · ONLEY, VA 23418
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,469,671 | $400,239 | $1,069,432 | $8,355,940 | $327,570 | $8,028,370 |
| December 31, 2024 | 990 | $441,237 | $336,898 | $104,339 | $7,565,581 | $278,463 | $7,287,118 |
| December 31, 2023 | 990 | $264,772 | $251,019 | $13,753 | $6,948,486 | $204,703 | $6,743,783 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $1,465,183
- Net rental income
- $4,488
- Net gain from sales of assets
- $1,117,229
- Other revenue
- $4,488
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $37,491
- Salaries, compensation and benefits (total)
- $38,659
- Professional fundraising fees
- $0
- Accounting fees
- $18,875
- Occupancy
- $1,975
- Depreciation
- $1,650
- Program services (functional)
- $310,167
- Management and general (functional)
- $90,072
Balance sheet and other
- Total assets, start of year
- $7,565,581
- Total assets, end of year
- $8,355,940
- Total liabilities, end of year
- $327,570
- Net assets, end of year
- $8,028,370
- Land, buildings and equipment
- $11,433
- Publicly traded securities
- $8,111,185
- Net assets without donor restrictions
- $8,028,370
- Gross receipts
- $2,396,019
- Employees
- 1
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY G EVANS | TRUSTEE Trustee or director | 4 | $7,442 |
| HOWARD C WESSELLS II | TRUSTEE Trustee or director | 4 | $7,442 |
| BENJAMIN G REW | TRUSTEE Trustee or director | 4 | $7,441 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY G EVANS | TRUSTEE Trustee or director | 4 | $6,623 |
| BENJAMIN G REW | TRUSTEE Trustee or director | 4 | $6,623 |
| HOWARD C WESSELLS II | TRUSTEE Trustee or director | 4 | $5,623 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY G EVANS | TRUSTEE Trustee or director | 4 | $4,894 |
| BENJAMIN G REW | TRUSTEE Trustee or director | 4 | $4,894 |
| HOWARD C WESSELLS II | TRUSTEE Trustee or director | 4 | $4,393 |
Address and contacts
- Address (IRS master file)
- PO BOX 187, ONLEY, VA 23418-0187
- Principal officer (990 for 2025)
- JERRY G EVANS, PO BOX 187, ONLEY, VA 23418
- Signed the 990
- JERRY G EVANS, TRUSTEE
- Phone
- (757) 787-3770
- Return prepared by
- EVERFORE CPAS & ADVISORS PC
Mission
TO PROVIDE AN ENDOWMENT TO SUPPORT VARIOUS COLLEGES AS DESIGNATED UNDER THE WILL OF H. C. WATSON
Program accomplishments
- SCHOLARSHIPS FOR FIVE COLLEGES DESIGNATED UNDER THE WILL OF H. C. WATSON.Expenses $310,167
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6098265
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $8,355,940
- Income (IRS master file)
- $2,396,019
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,469,671 | $400,239 | $8,355,940 | XML |
| 990 | December 2024 | $441,237 | $336,898 | $7,565,581 | XML |
| 990 | December 2023 | $264,772 | $251,019 | $6,948,486 | XML |
| 990 | December 2022 | $160,378 | $213,836 | $6,461,640 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 54-6098265).
Questions about TRUST B UNDER THE WILL OF H C WATSON DECEASED
- What is the EIN of TRUST B UNDER THE WILL OF H C WATSON DECEASED?
- The employer identification number (EIN) of TRUST B UNDER THE WILL OF H C WATSON DECEASED is 54-6098265.
- Is TRUST B UNDER THE WILL OF H C WATSON DECEASED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to TRUST B UNDER THE WILL OF H C WATSON DECEASED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does TRUST B UNDER THE WILL OF H C WATSON DECEASED 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 TRUST B UNDER THE WILL OF H C WATSON DECEASED 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 TRUST B UNDER THE WILL OF H C WATSON DECEASED 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 TRUST B UNDER THE WILL OF H C WATSON DECEASED?
- The 990 for the year ended December 31, 2025 names JERRY G EVANS.
- Who are the officers and directors of TRUST B UNDER THE WILL OF H C WATSON DECEASED?
- The 990 for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $7,442 (JERRY G EVANS, TRUSTEE).
- How much revenue does TRUST B UNDER THE WILL OF H C WATSON DECEASED have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,469,671, expenses of $400,239 and total assets of $8,355,940 at year end.
Other nonprofits in ONLEY
- SOCIETY FOR THE PREVENTATION OF CRUELTY TO ANIMALS EIN 54-0915373 · last filed 990 for 2025
- EASTERN SHORE OF VIRGINIA COMMUNITY FOUNDATION EIN 20-3651144 · last filed 990 for 2025
- UNITED WAY OF VIRGINIAS EASTERN SHORE INC EIN 54-1602075 · last filed 990 for 2025
- PREGNANCY CENTER INC EIN 54-1780889 · last filed 990 for 2025
- DOS SANTOS EIN 82-0873641 · last filed 990-EZ for 2024
- ONLEY RECREATION ASSOCIATION INC EIN 54-0844284 · last filed 990-EZ for 2024
- EASTERN SHORE COLTS EIN 33-4640438 · last filed 990-EZ for 2025
- ANCIENT FREE & ACCEPTED MASONS OF VIRGINIA EIN 23-7216504 · last filed 990 for 2025