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John G Watson Foundation

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

EIN: 452857543 ✦ San diego, CA ✦ Designated as a 501(c)(3)

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Overview

What is John G Watson Foundation?

The John G Watson Foundation, located in San Diego, California, functions as a supporting organization under IRC 509(a)(3)(B). Its primary mission is to bolster the activities of San Diego Angels, a California-based nonprofit corporation exempt from Federal taxes under IRC 501(c)(6). The foundation aids San Diego Angels in their mission to foster and promote entrepreneurial growth by offering mentoring, education, guidance, and financial support to early-stage, high-growth companies in Southern California. The foundation's headquarters can be found at 4455 Foxhollow Court.


Official website here: www.johngwatsonfdn.com

Is John G Watson Foundation legitimate?

John G Watson Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. John G Watson 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:

Executive Compensation: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.johngwatsonfdn.com

What is the mission statement of John G Watson Foundation?

The John G Watson Foundation was established with a mission to offer support to San Diego Angels, a California-based organization exempt from Federal taxes under IRC 501(c)(6). The primary role of the John G Watson Foundation, acting as a supporting organization under IRC 509(a)(3)(B), is to aid San Diego Angels in their mission. San Diego Angels fosters and encourages entrepreneurial growth by offering mentoring, educational resources, guidance, and financial support to early-stage, high-growth companies situated in Southern California. The John G Watson Foundation's purpose, therefore, is to contribute to the success of these emerging businesses by strengthening San Diego Angels' capacity to provide essential support services.


Official website here: www.johngwatsonfdn.com

Who is the CEO of John G Watson Foundation?

Stephen Flaim is the President of John G Watson Foundation.


Official website here: www.johngwatsonfdn.com

What is the revenue of John G Watson Foundation?

John G Watson Foundation's revenue in 2022 was -$7,332.


Official website here: www.johngwatsonfdn.com

Who are the executives of John G Watson Foundation and what are their salaries?


Here are 3 key members and their salaries:


Stephen Flaim (President)
  • Compensation: $30,000
  • Related: $0
  • Other: $0
Ned Israelsen (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Draa (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.johngwatsonfdn.com

Where can I find the form 990 for John G Watson Foundation?

John G Watson Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.johngwatsonfdn.com

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

Mission Statement of John G Watson Foundation

The John G Watson Foundation was established with a mission to aid and bolster the activities of San Diego Angels, a California-based nonprofit organization exempt from federal taxes under IRC 501(c)(6). This supporting organization's purpose is to foster and promote entrepreneurial growth in Southern California. To achieve this goal, the John G Watson Foundation provides mentoring, education, guidance, and funding to early-stage, high-growth companies in the region. By doing so, it assists these companies in their efforts to thrive and contribute to the local economy. In essence, the John G Watson Foundation plays a crucial role in nurturing and fostering the entrepreneurial spirit in Southern California.

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Impact




October, 2024

The John G Watson Foundation has a significant impact on fostering entrepreneurial activity in Southern California by providing vital financial support to the San Diego Angels. This backing enables the San Diego Angels to offer mentoring, education, and guidance to early-stage, high-growth companies in the region. By enhancing access to funding and resources, the Foundation plays a crucial role in nurturing innovation and entrepreneurship, contributing to community improvement and economic development in the area. The cooperative efforts between the Foundation and the San Diego Angels not only empower local entrepreneurs but also stimulate growth within the Southern California business landscape.




This information is meant to be a general summary of John G Watson 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.

Revenue
-$7,332 (2022)
Expenses
$45,126 (2022)
Efficiency

Other financial information:

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

  • Investment Income: -$7,670
  • Gross Receipts: $23,929

Assets and Liabilities:

  • Total Assets: $993,456
  • Total Liabilities: $0
  • Net Assets: $993,456

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Organization Details

Founding Year

2011

Principal Officer

Stephen Flaim

Main Address

4455 Foxhollow Court, San Diego, CA, 92130

NTEE Category

Code: S11 - Community improvement

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