Nonprofit · EIN 56-1861816
DONALD R WATSON FOUNDATION INC
Also known as UNC-WILMINGTON
Tax-exempt · WILMINGTON, NC 28403
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $114,316 | $94,540 | $19,776 | $1,621,368 | $846 | $1,620,522 |
| June 30, 2024 | 990 | $32,419 | $92,593 | -$60,174 | $1,537,302 | $0 | $1,537,302 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $114,316
- Net gain from sales of assets
- $6,456
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $76,519
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,700
- Program services (functional)
- $76,519
- Management and general (functional)
- $18,021
Balance sheet and other
- Total assets, start of year
- $1,537,302
- Total assets, end of year
- $1,621,368
- Total liabilities, end of year
- $846
- Net assets, end of year
- $1,620,522
- Publicly traded securities
- $1,621,368
- Net assets with donor restrictions
- $1,620,522
- Gross receipts
- $263,610
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASWANI VOLETY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $418,026 | $56,398 |
| EDDIE STUART | DIRECTOR Trustee or director | 0.1 | $0 | $273,049 | $46,916 |
| MONICA WATSON | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BILL ANLYAN | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ROBERT WARWICK | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ASWANI VOLETY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $408,965 | $53,606 |
| EDDIE STUART | DIRECTOR Trustee or director | 0.1 | $0 | $261,804 | $44,171 |
| MONICA WATSON | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| BILL ANLYAN | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ROBERT WARWICK | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 601 S COLLEGE RD, WILMINGTON, NC 28403-3201
- Principal officer (990 for 2024)
- EDDIE STUART, 601 SOUTH COLLEGE ROAD, WILMINGTON, NC 28403
- Signed the 990
- EDDIE STUART, DIRECTOR
- Phone
- (910) 962-2515
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
TO DONATE FUNDS TO CHARITABLE, EDUCATIONAL, LITERARY, RELIGIOUS, AND SCIENTIFIC ORGANIZATIONS, PROVIDED ALL RECIPIENT ORGANIZATIONS ARE TAX EXEMPT ORGANIZATIONS AND ELIGIBLE TO RECEIVE CHARITABLE DONATIONS.
Program accomplishments
- TO DONATE FUNDS TO CHARITABLE, EDUCATIONAL, LITERARY, RELIGIOUS, AND SCIENTIFIC ORGANIZATIONS, PROVIDED ALL RECIPIENT ORGANIZATIONS ARE EXEMPT ORGANIZATIONS AND ELIGIBLE TO RECEIVE CHARITABLE DONATIONS UNDER SECTIONS 501(C)(3) AND 170(C)(1) OR (2) OF THE CODE, OR THE PROVISIONS OF ANY FUTURE IRS REGULATIONS. THE FOUNDATION PROVIDED $61,215 IN SCHOLARSHIPS FOR STUDENTS TO ATTEND THE UNIVERSITY OF NORTH CAROLINA AT WILMINGTON AND $15,304 IN SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS: DUKE UNIVERSITY FOR MEDICAL RESEARCH AND ST. JOHN'S EPISCOPAL CHURCH.Expenses $76,519 · grants $76,519
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1861816
- 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
- 1995
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $1,621,368
- Income (IRS master file)
- $263,610
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $114,316 | $94,540 | $1,621,368 | XML |
| 990 | June 2024 | $32,419 | $92,593 | $1,537,302 | XML |
| 990 | June 2023 | $52,410 | $93,848 | $1,440,739 | IRS |
| 990 | June 2022 | $148,740 | $98,620 | $1,412,803 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1861816).
Questions about DONALD R WATSON FOUNDATION INC
- What is the EIN of DONALD R WATSON FOUNDATION INC?
- The employer identification number (EIN) of DONALD R WATSON FOUNDATION INC is 56-1861816.
- Is DONALD R WATSON FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to DONALD R WATSON FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does DONALD R WATSON FOUNDATION 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 DONALD R WATSON FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DONALD R WATSON FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DONALD R WATSON FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names EDDIE STUART.
- Who are the officers and directors of DONALD R WATSON FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does DONALD R WATSON FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $114,316, expenses of $94,540 and total assets of $1,621,368 at year end.
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