Trust B Under The Will Of H C Watson Dec'D

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

EIN: 546098265 ✦ Onley, VA ✦ Designated as a 501(c)(3)

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Overview

What is Trust B Under The Will Of H C Watson Dec'D?

Trust B Under the Will of H C Watson Dec'd is a small-scale, nonprofit organization, situated in Onley, Virginia. The primary purpose of this entity is to maintain an endowment, as per the wishes of the late H. C. Watson. This endowment serves to support various colleges that have been specifically designated within his will. The organization, with a modest workforce of just one individual, is committed to fulfilling its mission to contribute to the educational sector, in accordance with H. C. Watson's legacy.


Official website here: www.watsonmemorialscholarships.com

Is Trust B Under The Will Of H C Watson Dec'D legitimate?

Trust B Under The Will Of H C Watson Dec'D is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trust B Under The Will Of H C Watson Dec'D 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: $27,466
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.watsonmemorialscholarships.com

What is the mission statement of Trust B Under The Will Of H C Watson Dec'D?

Trust B Under The Will Of H C Watson Dec'D has a mission to provide an endowment, serving as a financial resource. This mission is specifically directed towards supporting various colleges, as per the stipulations outlined in the will of H. C. Watson. The primary goal is to offer scholarships for these designated colleges. This initiative aims to contribute financially to the educational pursuits of students, thereby enhancing their opportunities for higher education.


Official website here: www.watsonmemorialscholarships.com

Who is the CEO of Trust B Under The Will Of H C Watson Dec'D?

Jerry G Evans is the Trustee of Trust B Under The Will Of H C Watson Dec'D.


Official website here: www.watsonmemorialscholarships.com

What is the revenue of Trust B Under The Will Of H C Watson Dec'D?

Trust B Under The Will Of H C Watson Dec'D's revenue in 2022 was $160,378.


Official website here: www.watsonmemorialscholarships.com

Who are the executives of Trust B Under The Will Of H C Watson Dec'D and what are their salaries?

The average compensation at Trust B Under The Will Of H C Watson Dec'D during 2022 was $27,466. There is 1 employee at Trust B Under The Will Of H C Watson Dec'D.


Here are 3 key members and their salaries:


Jerry G Evans (Trustee)
  • Compensation: $4,822
  • Related: $0
  • Other: $0
Howard C Wessells Ii (Trustee)
  • Compensation: $4,822
  • Related: $0
  • Other: $0
Benjamin G Rew (Trustee)
  • Compensation: $4,822
  • Related: $0
  • Other: $0


Official website here: www.watsonmemorialscholarships.com

Where can I find the form 990 for Trust B Under The Will Of H C Watson Dec'D?

Trust B Under The Will Of H C Watson Dec'D's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.watsonmemorialscholarships.com

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

Mission Statement of Trust B Under The Will Of H C Watson Dec'D

Trust B Under the Will of H.C. Watson Dec'd is a nonprofit organization with a mission to provide an endowment. This endowment is specifically designed to support various colleges, as stipulated in the will of H.C. Watson. In essence, the organization serves as a financial resource for selected colleges, ensuring they have the necessary funds to carry out their educational missions. The endowment provided by Trust B Under the Will of H.C. Watson Dec'd is instrumental in offering scholarships to students enrolled in these colleges. This financial aid plays a significant role in making higher education more accessible and affordable for many students, potentially opening up opportunities for academic growth and personal development.

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Impact




October, 2024

Trust B Under The Will Of H C Watson Dec'D plays a significant role in enhancing educational opportunities by providing scholarships to five designated colleges. The trust ensures a steady flow of financial support, allowing these institutions to assist students in pursuing higher education. This endowment not only alleviates the financial burden on students but also promotes academic achievement and accessibility.

By focusing on scholarships, the trust directly impacts student retention and graduation rates at the colleges it supports. It empowers talented individuals who may otherwise face financial obstacles, fostering a more educated workforce. Additionally, the trust strengthens the relationship between the endowed colleges and their communities, highlighting the importance of education in social and economic development.

In essence, Trust B Under The Will Of H C Watson Dec'D serves as a vital resource, contributing to the overall growth of the educational landscape in Virginia and potentially beyond, through the betterment of student lives and the institutions that educate them.




This information is meant to be a general summary of Trust B Under The Will Of H C Watson Dec'D. 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
$160,378 (2022)
2011201220132014201420152016201720182019202020212022$0$150k$300k$450k$600k
Expenses
$213,836 (2022)
2011201220132014201420152016201720182019202020212022$0$90,000$180k$270k$360k
Efficiency
20112012201320142014201520162017201820192020202120220%4%8%12%18%

Other financial information:

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

  • Investment Income: $158,070
  • Gross Receipts: $997,862

Assets and Liabilities:

  • Total Assets: $6,461,640
  • Total Liabilities: $170,414
  • Net Assets: $6,291,226

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Organization Details

Principal Officer

Jerry G Evans

Main Address

PO BOX 187, ONLEY, VA, 23418

NTEE Category

Code: B12 - Education

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