Nonprofit · EIN 59-1100876
WATSON CLINIC FOUNDATION INC
Tax-exempt · LAKELAND, FL 33815
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $79,433 | $114,505 | -$35,072 | $308,851 | $7,960 | $300,891 |
| December 31, 2023 | 990 | $60,424 | $159,417 | -$98,993 | $347,816 | $11,853 | $335,963 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $79,433
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $5,250
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $65,356
- Professional fees and payments to contractors
- $1,943
- Occupancy
- $816
- Printing, publications and postage
- $117
- Other expenses
- $41,023
- Program services (functional)
- $111,739
Balance sheet and other
- Total assets, start of year
- $347,816
- Total assets, end of year
- $308,851
- Total liabilities, end of year
- $7,960
- Net assets, end of year
- $300,891
- Cash, savings and investments
- $308,851
- Gross receipts
- $79,433
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM J ROTH MD | Chairman of the Board | 2 | $0 |
| JASON HIRSBRUNNER | SECRETARY & TREASURER | 1 | $0 |
| PRANAY C PATEL MD | BOARD MEMBER | 1 | $0 |
| M Shane GLOR | BOARD MEMBER | 1 | $0 |
| JARETT A GREGORY MD | BOARD MEMBER | 1 | $0 |
| JASON C SAYLOR MD | BOARD MEMBER | 1 | $0 |
| RANDY V HEYSEK MD | BOARD MEMBER | 1 | $0 |
| KIM BRUNSON | EXECUTIVE DIRECTOR | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GALINA VUGMAN MD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| STANLEY L PIOTROWSKI | SECRETARY AND TREASURER Trustee or director, Officer | 1 | $0 |
| STEVEN G ACHINGER MD | BOARD CHAIRMAN Trustee or director, Officer | 1 | $0 |
| M SHANE GLOR | BOARD MEMBER Trustee or director | 1 | $0 |
| PRANAY C PATEL MD | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY V HEYSEK MD | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2901 W MEMORIAL BLVD, LAKELAND, FL 33815-1080
- Signed the 990-EZ
- William Roth, Chair
- Phone
- (863) 802-6220
- Return prepared by
- Crowe LLP
Mission
THE WATSON CLINIC FOUNDATION, INC. PROMOTES THE WELLNESS OF MANKIND THROUGH EDUCATION, RESEARCH AND COMMUNITY SERVICE.
Program accomplishments
- THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.Expenses $101,989
- THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCHExpenses $5,250 · grants $5,250
- THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT.Expenses $4,500
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 59-1100876
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $308,851
- Income (IRS master file)
- $79,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $79,433 | $114,505 | $308,851 | XML |
| 990 | December 2023 | $60,424 | $159,417 | $347,816 | XML |
| 990 | December 2022 | $121,911 | $89,314 | $452,930 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 59-1100876).
Questions about WATSON CLINIC FOUNDATION INC
- What is the EIN of WATSON CLINIC FOUNDATION INC?
- The employer identification number (EIN) of WATSON CLINIC FOUNDATION INC is 59-1100876.
- Is WATSON CLINIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1962.
- Are donations to WATSON CLINIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATSON CLINIC 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 WATSON CLINIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATSON CLINIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of WATSON CLINIC FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does WATSON CLINIC FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $79,433, expenses of $114,505 and total assets of $308,851 at year end.
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