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Watertown Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 066064660 ✦ Watertown, CT ✦ Designated as a 501(c)(3)

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Overview

What is Watertown Foundation Inc?

Watertown Foundation Inc is a local nonprofit organization situated in Watertown, Connecticut. Established with the primary objective of providing community support, the foundation offers grants to local exempt organizations and scholarships to local students. Specifically, the grants are intended for capital items, while the scholarships aid in covering higher education expenses for local students. By distributing these funds, Watertown Foundation Inc aims to contribute to the betterment of the community and empower its future generations through education.


Official website here: www.watertownfoundation.com

Is Watertown Foundation Inc legitimate?

Watertown Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watertown Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.watertownfoundation.com

What is the mission statement of Watertown Foundation Inc?

Watertown Foundation Inc's mission is centered around providing community support. They accomplish this by granting funds to local exempt organizations for the acquisition of necessary capital items. Additionally, the foundation offers scholarships to local students to help cover their higher education expenses. By doing so, Watertown Foundation Inc aims to contribute to the betterment of the community, supporting both local non-profit organizations and the future education of its youth. The grants and scholarships provided by the foundation serve to uplift and strengthen the community as a whole.


Official website here: www.watertownfoundation.com

Who is the CEO of Watertown Foundation Inc?

Paul Jessell is the President of Watertown Foundation Inc.


Official website here: www.watertownfoundation.com

What is the revenue of Watertown Foundation Inc?

Watertown Foundation Inc's revenue in 2022 was $411,693.


Official website here: www.watertownfoundation.com

Who are the executives of Watertown Foundation Inc and what are their salaries?


Here are 16 key members and their salaries:


Tina Agati (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Killeen (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paula Labonte (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Jessell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Flaherty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margaret Long Mckee (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Atkins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcia Killeen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Cassidy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Heavenrich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Campbell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Dunbar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Golden (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Palomba (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Merriman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Gallagher Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.watertownfoundation.com

Where can I find the form 990 for Watertown Foundation Inc?

Watertown Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.watertownfoundation.com

Learn more at the official website: www.watertownfoundation.com

Mission Statement of Watertown Foundation Inc

Watertown Foundation Inc is dedicated to providing community support in a unique manner. Its mission is twofold: firstly, it offers grants to local exempt organizations, aiding them in acquiring necessary capital items. Secondly, the foundation extends individual scholarships to local students, assisting them in meeting their higher education expenses. By doing so, Watertown Foundation Inc plays a significant role in strengthening the local community and empowering its future leaders.

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Impact




October, 2024

Watertown Foundation Inc significantly impacts the community by providing essential support through grants and scholarships. It allocates funds to local exempt organizations for capital items, enabling these organizations to enhance their services and facilities. Additionally, the Foundation awards individual scholarships to local students, helping to alleviate the financial burden of higher education. This commitment not only strengthens local nonprofits but also fosters educational opportunities for students, ultimately contributing to the growth and development of the Watertown community.




This information is meant to be a general summary of Watertown Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$411,693 (2022)
Expenses
$206,282 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $256,169
  • Gross Receipts: $1,116,350

Assets and Liabilities:

  • Total Assets: $4,138,902
  • Total Liabilities: $0
  • Net Assets: $4,138,902

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Organization Details

Founding Year

1925

Principal Officer

Paul Jessell

Main Address

PO BOX 117, WATERTOWN, CT, 06795

NTEE Category

Code: T70Z - Philanthropy

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