Nonprofit · EIN 81-2701014
WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC
Tax-exempt · ELLICOTT CITY, MD 21042
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $155,857 | $175,529 | -$19,672 | $716,420 | $485,552 | $230,868 |
| December 31, 2023 | 990 | $192,282 | $192,282 | $0 | $742,853 | $537,824 | $205,029 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $155,857
- Other revenue
- $155,857
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Travel
- $1,434
- Program services (functional)
- $97,588
- Management and general (functional)
- $77,941
Balance sheet and other
- Total assets, start of year
- $742,853
- Total assets, end of year
- $716,420
- Total liabilities, end of year
- $485,552
- Net assets, end of year
- $230,868
- Land, buildings and equipment
- $716,420
- Gross receipts
- $155,857
- Employees
- 0
- Year formed
- 2016
- State of legal domicile
- MD
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNOR AHLBORN | SECRETARY Key employee | 2 | $0 |
| RYAN WATSON | VICE PRESIDENT Key employee | 2 | $0 |
| LATONYA WATSON | ACCOUNT/FINANCE MANAGER Key employee | 2 | $0 |
| STEVEN WATSON | CEO Key employee | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CONNOR AHLBORN | SECRETARY Key employee | 2 | $0 |
| RYAN WATSON | VICE PRESIDENT Key employee | 2 | $0 |
| LATONYA WATSON | ACCOUNT/FINANCE MANAGER Key employee | 2 | $0 |
| STEVEN WATSON | CEO Key employee | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2415 SAND HILL RD, ELLICOTT CITY, MD 21042-1053
- Mailing address (990-N for 2018)
- 2415 Sand Hill Road, Ellicott City MD 21042
- Principal officer (990 for 2024)
- STEVEN WATSON, 2415 SAND HILL ROAD, ELLICOTT CITY, MD 21042
- Principal officer (990-N for 2018)
- Steven Watson, 2415 Sand Hill Road, Ellicott City MD 21042
- Signed the 990
- STEVEN L WATSON, CEO
- Phone
- (202) 684-5274
- Website
- watson-eda.org
- Return prepared by
- BARCLAYS TAX SERVICES INC
Mission
Enhance the standard of livng; provide jobs & resources; retain, attrct & expand small business opptunites; stimulte the local econmy thru neighd
Program accomplishments
- ENHANCE THE STANDARD OF LIVING, PROVIDE JOBS AND RESOURCES, RETAIN, ATTRACT AND EXPAND SMALL BUSINESS OPPORTUNITIES, STIMULATE THE LOCAL ECONOMY THROUGH NEIGHBORHOODExpenses $77,916
- ENHANCE THE STANDARD OF LIVING; PROVIDE JOBS AND RESOURCES; RETAIN,ATTRACT AND EXPAND SMALL BUSINESS OPPORTUNITIES; STIMULATE THE LOCAL ECONOMY THROUGH NEIGHBORHOOD.Expenses $97,613
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2701014
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $716,420
- Income (IRS master file)
- $155,857
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $155,857 | $175,529 | $716,420 | XML |
| 990 | December 2023 | $192,282 | $192,282 | $742,853 | XML |
| 990 | December 2022 | $128,660 | $128,660 | $726,903 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Steven Watson | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-2701014).
Questions about WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC
- What is the EIN of WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC?
- The employer identification number (EIN) of WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC is 81-2701014.
- Is WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATSON ECONOMIC DEVELOPMENT ASSOCIATES 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 ECONOMIC DEVELOPMENT ASSOCIATES 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 ECONOMIC DEVELOPMENT ASSOCIATES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC?
- The 990 for the year ended December 31, 2024 names STEVEN WATSON.
- Who are the officers and directors of WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WATSON ECONOMIC DEVELOPMENT ASSOCIATES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $155,857, expenses of $175,529 and total assets of $716,420 at year end.
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