Nonprofit · EIN 81-2552110
WATTS FAMILY FOUNDATION
Tax-exempt · CORALVILLE, IA 52241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $1,251,526 | $424,020 | $827,506 | $5,091,277 | $19,661 | $5,071,616 |
| December 31, 2024 | 990-PF | $795,364 | $304,021 | $491,343 | $4,438,729 | $16,567 | $4,422,162 |
| December 31, 2023 | 990-PF | $554,525 | $297,983 | $256,542 | $3,775,856 | $14,793 | $3,761,063 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $493,258
- Dividends
- $38,860
- Net rental income
- $92,127
- Net gain from sales of assets
- $509,644
Expenses
- Grants and similar amounts paid
- $289,233
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $289,233
- Excise tax on investment income
- $8,723
Balance sheet and other
- Total assets, start of year
- $4,438,729
- Total assets, end of year
- $5,091,277
- Total liabilities, end of year
- $19,661
- Net assets, end of year
- $5,071,616
- Fair market value of assets
- $5,194,821
- Qualifying distributions
- $289,233
- Net investment income
- $758,268
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 |
|---|---|---|---|
| GARY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
| BECKY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
| BECKY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
| BECKY WATTS 425 E OAKDALE BLVD, CORALVILLE, IA 52241 | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 425 E OAKDALE BLVD, CORALVILLE, IA 52241-3403
- Signed the 990-PF
- GARY WATTS, DIRECTOR
- Phone
- (319) 338-4100
- Return prepared by
- CREATIVE PLANNING TAX LLC
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
- 81-2552110
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $5,091,277
- Income (IRS master file)
- $1,606,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $1,251,526 | $424,020 | $5,091,277 | IRS |
| 990-PF | December 2024 | $795,364 | $304,021 | $4,438,729 | IRS |
| 990-PF | December 2023 | $554,525 | $297,983 | $3,775,856 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | 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 81-2552110).
Questions about WATTS FAMILY FOUNDATION
- What is the EIN of WATTS FAMILY FOUNDATION?
- The employer identification number (EIN) of WATTS FAMILY FOUNDATION is 81-2552110.
- Is WATTS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- 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 $1,251,526, expenses of $424,020 and total assets of $5,091,277 at year end.
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- WEST FAMILY FOUNDATION EIN 33-1006158 · last filed 990-PF for 2025
- FIGHT WITH AUSTIN FLASH SCHROEDER FOUNDATION EIN 47-5360520 · last filed 990-EZ for 2025
- HUMANITARIAN OPERATIONS AND PUBLIC EDUCATION FOUNDATION EIN 99-0856948 · last filed 990-PF for 2025
- GARY A WICKLUND FAMILY FOUNDATION EIN 39-1891969 · last filed 990-PF for 2025
- PARDIES & PINS INC EIN 87-2245687 · last filed 990-N for 2025
- ARENACO EIN 81-4968896 · last filed 990 for 2025
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