Overview
What is Donald R Watson Foundation Inc?
Donald R Watson Foundation Inc, established in Wilmington, North Carolina, is a charitable organization that dedicates its resources to supporting tax-exempt, eligible organizations under sections 501(C)(3) and 170(C)(1) or (2) of the IRS code, or any future regulations. The foundation's primary mission is to donate funds to organizations that fall under the categories of charity, education, literature, religion, and science. In the recent past, the foundation has provided scholarships worth $61,868 to students attending the University of North Carolina at Wilmington and contributed $15,466 to various non-profit organizations, including Duke University for medical research and St. John's Episcopal Church.
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
The Donald R Watson Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is primarily attributed to its excellent governance practices and transparency, including a majority independent board and robust conflict of interest and whistleblower policies. The foundation has also demonstrated effective financial management, with no liabilities relative to its assets and a significant portion of its budget directed towards program expenses.
In the most recent fiscal year, the foundation maintained a program expense ratio of 81.41%, indicating a strong commitment to its mission and effective use of resources. The foundation's practices, such as documenting board meeting minutes and having a clear policy for document retention, further enhance its credibility and reliability as a nonprofit organization.
While the rating is impressive, it is essential for potential donors and stakeholders to remain aware of the foundation's operational context and ongoing efforts. Such transparency in governance and finances underscores the foundation’s dedication to ethical practices and accountability, fostering trust among its supporters and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Donald R Watson Foundation Inc legitimate?
Donald R Watson Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Donald R Watson 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.uncw.edu/associatedentities/watsonassociation.htm
What is the mission statement of Donald R Watson Foundation Inc?
The Donald R Watson Foundation Inc's mission is centered around donating funds to charitable, educational, literary, religious, and scientific organizations. This is contingent upon the recipient organizations being tax-exempt and eligible to receive charitable donations. The foundation's contributions have extended to various sectors, including scholarships for students at the University of North Carolina at Wilmington and supporting non-profit organizations like Duke University for medical research and St. John's Episcopal Church, among others.
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
Who is the CEO of Donald R Watson Foundation Inc?
Eddie Stuart is the President of Donald R Watson Foundation Inc.
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
What is the revenue of Donald R Watson Foundation Inc?
Donald R Watson Foundation Inc's revenue in 2023 was $52,410.
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
Who are the executives of Donald R Watson Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $219,974
- Other: $30,412
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $230,948
- Other: $38,982
- Compensation: $0
- Related: $250,937
- Other: $35,568
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
Where can I find the form 990 for Donald R Watson Foundation Inc?
Donald R Watson Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.uncw.edu/associatedentities/watsonassociation.htm
Learn more at the official website: www.uncw.edu/associatedentities/watsonassociation.htm
Mission Statement of Donald R Watson Foundation Inc
The Donald R Watson Foundation Inc is dedicated to supporting various charitable, educational, literary, religious, and scientific organizations. This philanthropic entity only donates funds to organizations that are tax-exempt and eligible to receive charitable donations, as per the regulations set by the Internal Revenue Service (IRS). Specifically, the foundation funds organizations that fall under sections 501(c)(3) and 170(c)(1) or (2) of the Code, or any future IRS regulations.
In line with its mission, the Donald R Watson Foundation Inc has demonstrated its commitment by providing scholarships worth $61,868 to students attending the University of North Carolina at Wilmington. Moreover, the foundation has extended its support to other non-profit organizations, with a donation of $15,466 to Duke University for medical research and St. John's Episcopal Church. By providing financial assistance to these organizations, the Donald R Watson Foundation Inc plays a vital role in contributing to various sectors, including education, research, and religious institutions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Donald R Watson Foundation Inc significantly impacts the community by providing financial support to a range of charitable, educational, literary, religious, and scientific organizations. Through its activities, the foundation donated $61,868 in scholarships to students at the University of North Carolina at Wilmington, thereby fostering access to higher education and helping students pursue their academic goals. Additionally, it allocated $15,466 to support other nonprofit organizations, including funding for medical research at Duke University and contributions to St. John’s Episcopal Church. This support not only encourages educational advancement but also aids in the advancement of scientific research and community engagement, illustrating the foundation's commitment to enhancing the quality of life in Wilmington, NC, and beyond.
This information is meant to be a general summary of Donald R Watson 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $52,410
- Gross Receipts: $188,540
Assets and Liabilities:
- Total Assets: $1,440,739
- Total Liabilities: $0
- Net Assets: $1,440,739
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1994
Phone
(910) 962-2515Principal Officer
Eddie Stuart
Main Address
601 SOUTH COLLEGE ROAD, WILMINGTON, NC, 28403
NTEE Category
Code: B82Z - Education
If you are a representative of Donald R Watson Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.