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Watch Inc

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

EIN: 610719760 ✦ Murray, KY ✦ Designated as a 501(c)(3)

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Overview

What is Watch Inc?

Watch Inc, located in Murray, Kentucky, is a nonprofit organization dedicated to supporting individuals with developmental disabilities and acquired brain injuries. Their mission is to facilitate their integration into the community, achieving this goal through work training programs. Over 50 individuals have benefited from these programs, gaining valuable skills and increasing their community involvement. With a team of 30 dedicated employees, Watch Inc is committed to enhancing the lives of these individuals, providing them with opportunities to lead fulfilling lives with independence and dignity.


Official website here: www.watch@murray-ky.net

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)

Watch Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some concerns regarding its financial transparency and governance practices. While the organization scored well in areas such as independent board membership and program expense ratio, it lacked essential financial documentation, resulting in a low score for financial statements and missing policies like conflict of interest and whistleblower protections.

Despite these shortcomings, the organization demonstrates strong accountability with a significant percentage of independent board members and responsible management of assets. The program expense ratio suggests that a substantial portion of its funds is directed towards its mission-driven activities, which is a positive sign of its operational focus.

However, the absence of key governance policies, along with missing financial statements on its website, highlights areas where Watch Inc must improve to gain greater trust and transparency with its stakeholders. Addressing these limitations could enhance the organization’s overall rating and public confidence in its operations.


This AI summary has been generated from information found on Charity Navigator.

Is Watch Inc legitimate?

Watch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watch 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: $409,240

For more financial information, click here


Official website here: www.watch@murray-ky.net

What is the mission statement of Watch Inc?

Watch Inc's mission is centered around assisting adults and individuals with developmental disabilities and acquired brain injuries. Their primary objective is to facilitate their full integration into the community through work training. By providing work training, they aim to empower these individuals, enabling them to become more engaged and self-reliant members of their community. To date, over 50 individuals with identified disabilities have benefited from this training program.


Official website here: www.watch@murray-ky.net

Who is the CEO of Watch Inc?

Regina Slaughter is the Chairman of Watch Inc.


Official website here: www.watch@murray-ky.net

What is the revenue of Watch Inc?

Watch Inc's revenue in 2023 was $1,206,630.


Official website here: www.watch@murray-ky.net

Who are the executives of Watch Inc and what are their salaries?

The average compensation at Watch Inc during 2023 was $13,641. There are 30 employees at Watch Inc.


Here are 7 key members and their salaries:


Ava Watkins (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Betty Brockway (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Georgianna Moffitt (Sec/Treas)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynn Wuest (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.watch@murray-ky.net

Where can I find the form 990 for Watch Inc?

Watch Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.watch@murray-ky.net

Learn more at the official website: www.watch@murray-ky.net

Mission Statement of Watch Inc

Watch Inc, a nonprofit organization, is dedicated to assisting adults and individuals with developmental or intellectual disabilities, as well as those with acquired brain injuries, in integrating fully into their community. They accomplish this mission through work training programs. By providing these opportunities, Watch Inc aims to empower these individuals to become active and valued members of their community. So far, over 50 individuals have benefited from various forms of work training offered by Watch Inc.

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Impact




July, 2024

Watch Inc's impact can be seen in the positive changes it brings to over 50 individuals with identified disabilities. By providing work training, the organization helps these individuals become more integrated into their community. This enables them to develop valuable skills and gain independence, leading to a more inclusive society.




This information is meant to be a general summary of Watch 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
$1,206,630 (2023)
Expenses
$1,109,491 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,605
  • Program Service Revenue: $1,109,355
  • Gross Receipts: $1,206,630

Assets and Liabilities:

  • Total Assets: $1,383,560
  • Total Liabilities: $3,852
  • Net Assets: $1,379,708

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEDICAID SERVICES

Revenue

$928,390

TEAM KY

Revenue

$100,000

PELLA CONTRACT

Revenue

$73,898

EXTENDED SERVICES

Revenue

$7,067

Organization Details

Founding Year

1969

Principal Officer

Regina Slaughter

Main Address

702 MAIN ST, MURRAY, KY, 42071

NTEE Category

Code: J30Z - Employment

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