Nonprofit · EIN 85-0387785
SMITH & WATSON FOUNDATION
Tax-exempt · HOBBS, NM 88241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990-PF | $82,673 | $39,202 | $43,471 | $599,010 | $0 | $599,010 |
| October 31, 2024 | 990-PF | $22,014 | $38,735 | -$16,721 | $555,539 | $0 | $555,539 |
Financial details: 990-PF for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $32,000
- Dividends
- $50,236
- Net gain from sales of assets
- $437
Expenses
- Grants and similar amounts paid
- $30,200
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $31,586
- Excise tax on investment income
- $592
Balance sheet and other
- Total assets, start of year
- $555,539
- Total assets, end of year
- $599,010
- Total liabilities, end of year
- $0
- Net assets, end of year
- $599,010
- Fair market value of assets
- $720,177
- Qualifying distributions
- $31,586
- Net investment income
- $50,236
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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULEE W SMITH PO BOX 2704, HOBBS, NM 88241 | PRESIDENT | 1 | $0 |
| R FINN SMITH PO BOX 2704, HOBBS, NM 88241 | SECRETARY/TREASURER | 2 | $0 |
990-PF for the year ended October 31, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULEE W SMITH PO BOX 2704, HOBBS, NM 88241 | PRESIDENT | 1 | $0 |
| R FINN SMITH PO BOX 2704, HOBBS, NM 88241 | SECRETARY/TREASURER | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2704, HOBBS, NM 88241-2704
- In care of
- % JULEE W SMITH
- Signed the 990-PF
- R FINN SMITH, TREASURER
- Phone
- (575) 397-2411
- Return prepared by
- WHITLEY PENN 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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2024 | October 31, 2025 | March 16, 2026 | 990-PF on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990-PF on file |
| 2022 | October 31, 2023 | March 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-0387785
- 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
- 1991
- Accounting year ends
- October
- Files
- Form 990-PF
- Assets (IRS master file)
- $599,010
- Income (IRS master file)
- $97,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | October 2025 | $82,673 | $39,202 | $599,010 | XML |
| 990-PF | October 2024 | $22,014 | $38,735 | $555,539 | XML |
| 990-PF | October 2023 | $61,183 | $37,906 | $572,260 | IRS |
| 990-PF | October 2022 | – | – | – | IRS |
| 990-PF | October 2021 | – | – | – | IRS |
| 990-PF | October 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 85-0387785).
Questions about SMITH & WATSON FOUNDATION
- What is the EIN of SMITH & WATSON FOUNDATION?
- The employer identification number (EIN) of SMITH & WATSON FOUNDATION is 85-0387785.
- Is SMITH & WATSON FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to SMITH & WATSON FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does SMITH & WATSON FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of SMITH & WATSON FOUNDATION due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMITH & WATSON FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended October 2025.
- Who are the officers and directors of SMITH & WATSON FOUNDATION?
- The 990-PF for the year ended October 31, 2025 lists 2 people; 0 received compensation from the organization.
- How much revenue does SMITH & WATSON FOUNDATION have?
- On its 990-PF for the year ended October 31, 2025 it reported revenue of $82,673, expenses of $39,202 and total assets of $599,010 at year end.
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