Overview
What is Thomas S Watson Supporting Foundation?
The Thomas S Watson Supporting Foundation is a nonprofit organization located in Overland Park, Kansas. Its primary mission is to showcase golf-related memorabilas and other items related to Thomas S Watson, aiming to educate the general public about his life and career in golf. Additionally, the foundation supports organizations that provide opportunities for young individuals from diverse backgrounds to experience the joy of golf. The foundation has publicly supported the Junior Golf Foundation of Greater Kansas City, Inc., with the goal of promoting character development and life-enhancing values through the game of golf.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Thomas S Watson Supporting Foundation has received a low rating primarily due to significant shortcomings in its accountability and finance practices. While the organization scores well in areas like board independence and the absence of material diversion of assets, it fails to meet essential transparency standards. Key policies related to conflict of interest, whistleblower protections, and document retention are notably missing, significantly impacting its overall score.
The foundation's program expense ratio is at 47.46%, which indicates that less than half of its expenses are directed toward its programs. Additionally, the absence of its tax form and other essential documents on its website suggests a lack of transparency that potential donors may find concerning. Overall, while there are some strengths in governance, the critical gaps in accountability and financial practices raise red flags regarding the foundation's operational integrity.
In conclusion, potential supporters should consider these factors carefully, as the foundation's low rating signals important areas needing improvement. The lack of essential policies and public documentation could deter donations and impact the foundation's credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Thomas S Watson Supporting Foundation legitimate?
Thomas S Watson Supporting Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas S Watson Supporting Foundation 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Thomas S Watson Supporting Foundation?
The Thomas S Watson Supporting Foundation's mission is centered around showcasing memorabilia related to golf and Thomas S Watson's career to the general public. This aim is to enhance the public's knowledge and understanding of Watson's life and the history of golf in general. Additionally, the foundation supports organizations that provide young individuals from various backgrounds with the opportunity to enjoy the game of golf. The initial organization to receive public support is the Junior Golf Foundation of Greater Kansas City, Inc.
What is the revenue of Thomas S Watson Supporting Foundation?
Thomas S Watson Supporting Foundation's revenue in 2023 was $7,685.
Who are the executives of Thomas S Watson Supporting Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Thomas S Watson Supporting Foundation?
Thomas S Watson Supporting Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Thomas S Watson Supporting Foundation
The Thomas S Watson Supporting Foundation aims to showcase golf-related memorabilia and other artifacts associated with the esteemed golfer, Thomas S Watson. The primary objective of this foundation is to expand the general public's knowledge and understanding of Watson's life and golfing career, as well as the broader history of golf. To achieve this, the foundation plans to make these exhibits accessible to the public, thereby fostering a deeper appreciation for the game and its notable figures.
In addition to displaying Watson's memorabilia, the Thomas S Watson Supporting Foundation is committed to supporting organizations that share its mission. The foundation intends to lend its support to qualified organizations dedicated to providing young individuals from diverse backgrounds with the opportunity to experience the joy, pleasure, and satisfaction that golf can offer. The initial organization that the foundation has pledged to support is the Junior Golf Foundation of Greater Kansas City, Inc. This partnership will contribute to the Foundation's objectives while also encouraging the development of young golfers.
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Impact
October, 2024
The Thomas S. Watson Supporting Foundation significantly enhances public awareness and appreciation of Thomas S. Watson's contributions to golf and his legacy. By displaying golf-related memorabilia, the foundation educates the general public about Watson's life and career, enriching their understanding of the sport's history.
In addition to showcasing Watson's legacy, the foundation directly impacts youth in the Greater Kansas City area through its financial support of The First Tee program. By partnering with the Junior Golf Foundation of Greater Kansas City, the initiative focuses on character development and instilling life-enhancing values in young individuals. Through educational programs and access to learning facilities, the foundation is committed to providing opportunities for youth of all backgrounds to experience the joy and satisfaction that golf can offer. This dual approach not only preserves the history of golf but also cultivates future generations of players, promoting personal growth and community engagement through the sport.
This information is meant to be a general summary of Thomas S Watson Supporting Foundation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $41,801
- Gross Receipts: $587,150
Assets and Liabilities:
- Total Assets: $5,953,298
- Total Liabilities: $0
- Net Assets: $5,953,298
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Organization Details
Founding Year
2005
Principal Officer
Thomas Watson
NTEE Category
Code: N116 - Recreation
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