Nonprofit · EIN 71-0882769
WATTS FAMILY FOUNDATION
Tax-exempt · ROCHESTER, MN 55901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $157,699 | $101,318 | $56,381 | $985,086 | $0 | $985,086 |
| December 31, 2024 | 990-PF | $75,672 | $94,125 | -$18,453 | $883,779 | $0 | $883,779 |
| December 31, 2023 | 990-PF | $82,885 | $91,337 | -$8,452 | $884,645 | $0 | $884,645 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $79,000
- Dividends
- $28,154
- Interest
- $25
- Net gain from sales of assets
- $50,520
Expenses
- Grants and similar amounts paid
- $90,100
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $90,100
- Excise tax on investment income
- $938
Balance sheet and other
- Total assets, start of year
- $883,779
- Total assets, end of year
- $985,086
- Total liabilities, end of year
- $0
- Net assets, end of year
- $985,086
- Fair market value of assets
- $985,086
- Qualifying distributions
- $90,100
- Net investment income
- $78,699
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLAN WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | VICE PRESIDENT | 10 | $0 |
| JULIE WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | PRESIDENT | 10 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLAN WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | VICE PRESIDENT | 10 | $0 |
| JULIE WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | PRESIDENT | 10 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALLAN WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | VICE PRESIDENT | 10 | $0 |
| JULIE WATTS 3641 44TH AVE NW, ROCHESTER, MN 55901 | PRESIDENT | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 3641 44TH AVE NW, ROCHESTER, MN 55901-8389
- In care of
- % JULIE WATTS
- Signed the 990-PF
- ALLAN WATTS, VICE PRESIDENT
- Phone
- (507) 285-9877
- Return prepared by
- HAWKINS ASH CPAS LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 71-0882769
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $985,086
- Income (IRS master file)
- $168,957
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $157,699 | $101,318 | $985,086 | IRS |
| 990-PF | December 2024 | $75,672 | $94,125 | $883,779 | IRS |
| 990-PF | December 2023 | $82,885 | $91,337 | $884,645 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 71-0882769).
Questions about WATTS FAMILY FOUNDATION
- What is the EIN of WATTS FAMILY FOUNDATION?
- The employer identification number (EIN) of WATTS FAMILY FOUNDATION is 71-0882769.
- Is WATTS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to WATTS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATTS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATTS FAMILY FOUNDATION 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 WATTS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of WATTS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does WATTS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $157,699, expenses of $101,318 and total assets of $985,086 at year end.
Other nonprofits in ROCHESTER
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- AMERICAN ASSOC OF NEUROMUSCULAR & ELECTRODIAGNOSTIC MEDICINE EIN 41-6036691 · last filed 990 for 2024
- CHARLES AND MARLYS ELLIOTT FOUNDATION EIN 87-3958643 · last filed 990-PF for 2025
- UNITED WAY OF SOUTHEAST MINNESOTA EIN 41-0695594 · last filed 990 for 2025
- REMICK FAMILY FOUNDATION EIN 41-1909124 · last filed 990-PF for 2025
- ALDER BRANCH FOUNDATION INC EIN 92-0554130 · last filed 990-PF for 2025
- VANCE LEE PRIGGE FOUNDATION EIN 93-4813335 · last filed 990-PF for 2025
- ROCHESTER PUBLIC LIBRARY FOUNDATION EIN 41-1859534 · last filed 990 for 2025
All nonprofits in ROCHESTER · Minnesota · Philanthropy, voluntarism and grantmaking foundations