Nonprofit · EIN 86-2717245
WATSON FAMILY FOUNDATION INC
Tax-exempt · SUWANEE, GA 30024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $175,254 | $17,645 | $157,609 | $167,327 | $0 | $167,327 |
| December 31, 2023 | 990-EZ | – | – | – | $5,900 | – | $5,900 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $175,254
Expenses
- Grants and similar amounts paid
- $2,933
- Disbursements for charitable purposes
- $17,645
Balance sheet and other
- Total assets, start of year
- $9,718
- Total assets, end of year
- $167,327
- Total liabilities, end of year
- $0
- Net assets, end of year
- $167,327
- Fair market value of assets
- $167,327
- Qualifying distributions
- $17,645
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bernard C Watson Jr 3245 Peachtree Pkwy Suite D Box 193, Suwanee, GA 30024 | Chairman of the Board | 25 | $0 |
| Lois Watson 3245 Peachtree Pkwy Suite D Box 193, Suwanee, GA 30024 | Vice Chair | 2 | $0 |
| Dr Bernard C Watson 3245 Peachtree Pkwy Suite D Box 193, Suwanee, GA 30024 | Secretary | 10 | $0 |
| DeLesia Watson 3245 Peachtree Pkwy Suite D Box 193, Suwanee, GA 30024 | Treasurer | 5 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNARD C WATSON JR | PRESIDENT | 10 | $0 |
| LOIS WATSON | VICE PRESIDENT | 1 | $0 |
| BERNARD C WATSON SR | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3245 PEACHTREE PKWY STE D PMB 193, SUWANEE, GA 30024-6008
- In care of
- % BERNARD C WATSON JR
- Mailing address (990-N for 2023)
- 3245 Peachtree Pkwy Suite D Box 193, Suwanee GA 30024
- Principal officer (990-N for 2023)
- Bernard Watson, 10190 Brixton Pl, Suwanee GA 30024
- Signed the 990-PF
- Bernard C Watson Jr, Chairman of the Board of Directors
- Phone
- (404) 801-7502
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-N on file |
IRS record
- EIN
- 86-2717245
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $167,327
- Income (IRS master file)
- $175,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $175,254 | $17,645 | $167,327 | IRS |
| 990-N for 2023 Officer: Bernard Watson | December 31, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | – | – | $5,900 | XML |
| 990-EZ | December 2022 | – | – | – | 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 86-2717245).
Questions about WATSON FAMILY FOUNDATION INC
- What is the EIN of WATSON FAMILY FOUNDATION INC?
- The employer identification number (EIN) of WATSON FAMILY FOUNDATION INC is 86-2717245.
- Is WATSON FAMILY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WATSON FAMILY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATSON FAMILY FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATSON FAMILY 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 FAMILY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who is the principal officer of WATSON FAMILY FOUNDATION INC?
- The 990-N for 2023 names Bernard Watson.
- Who are the officers and directors of WATSON FAMILY FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WATSON FAMILY FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $175,254, expenses of $17,645 and total assets of $167,327 at year end.
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