Thomas S Watson Supporting Foundation FY2023 filing

Tax-deductible

Overland Park, KS501(c)(3)Since 2005Recreation & SportsEIN 20-3982761Revenue $8K in FY2023

On file with the IRS9225 Indian Creek Parkway 1100a, 66210-2009 · Overland Park, KSTax-exempt since Sep 2008Supporting organization — 509(a)(3)

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The corporation intends to display or arrange for the display of golf-related and other memorabilia of Thomas S. Watson to members of the general public to further the general public's knowledge and understanding of the life and career of Thomas S. Watson and the history of golf in general and to support such qualified organizations dedicated to providing young individuals of all backgrounds an opportunity to experience the joy, pleasure and satisfaction the game of golf can provide. The current publicly supported organization listed in the governing document is the Watson links mentors Foundation.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $46K a year · 15% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $310K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$8K
-95% vs prior year
Spent
$235K
To programs
75%
Net assets
$5.9M
By yearFY2020–FY2025
Revenue
$8K
FY2023▼ -95%
Tap a bar for its year
Revenue by fiscal year
FY2020$26K
FY2021$727K
FY2022$165K
FY2023$8K
FY2024$700K
FY2025$258K
Expenses
$235K
FY2023▲ +25%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$33K
FY2022$188K
FY2023$235K
FY2024$402K
FY2025$610K
Net assets
$5.9M
FY2023▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$6.2M
FY2022$6.0M
FY2023$5.9M
FY2024$6.2M
FY2025$5.8M

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $176K Management & general 17% · $39K Fundraising 8% · $19K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Thomas S Watson Supporting Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Showcases golf memorabilia to educate the public about a famous golfer's life and career.

Questions for Thomas S Watson Supporting Foundation

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Provided by the organization

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1 program · $176K · in their own filed words · FY2023
01

Provided financial support to the watson youth golf foundation.

$176Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$310K
See all 3 funders →
Grants paid · 7 grants · $1.2M · 2020–2025

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$8K
Ln 12
Investment incomeLn 3$42K
Gifts and grantsLn 1h$15K
Money outPt IX
$235K
Ln 25
Programscol B$176K
Managementcol C$39K
Fundraisingcol D$19K
Owns and owesPt X
$5.9M
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$5.9M
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15K
Investment incomeLn 3$42K
Gains on assetsLn 7−$52K
Total revenueLn 12$8K
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$1.4M
Other assetsLn 15$4.5M
Total assetsLn 16$5.9M
LiabilitiesLn 26$0
Net assetsLn 32$5.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$3K$16K
InvestmentsLn 11–13$1.3M$1.4M
Total assetsLn 16$6.0M$5.9M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.0M$5.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$176K$176K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$11K$11K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$20K$531$19K
Total functional expensesLn 25$235K$176K$39K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $258K$610K−$353K$5.8M 990 PDF
FY2024 $700K$402K$299K$6.2M 990 PDF
FY2023 Viewing $8K$235K−$227K$5.9M 990 PDF
FY2022 $165K$188K−$23K$6.0M 990 PDF
FY2021 $727K$33K$694K$6.2M 990 PDF
FY2020 $26K$138K−$112K$5.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $7,685 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $90,000$15,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $74,944−$7,315
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $164,944$7,685
I-13 Grants and similar amounts paidPrior year $70,000$176,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,659$58,203
I-18 Total expensesPrior year $187,659$234,503
I-19 Revenue less expensesPrior year −$22,715−$226,818
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $7,685 across 5 lines filed
Lines not itemized here account for $2,723 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$15,000
VIII-1h Total contributions, gifts and grants$15,000
VIII-3 Investment incomeExcluded from tax $41,801$41,801
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$51,839−$51,839
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$7,315$7,685
Part IX · Statement of functional expenses $234,503 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $176,300$176,300
IX-11b Legal feesManagement $4,102$4,102
IX-11c Accounting feesManagement $3,500$3,500
IX-11f Investment management feesManagement $11,132$11,132
IX-23 InsuranceManagement $19,938$19,938
IX-24 Other expenses (24a–d)Management $531 · Fundraising $19,000$19,531
IX-25 Total functional expensesPrograms $176,300 · Management $39,203 · Fundraising $19,000$234,503
Part X · Balance sheet $5,877,741 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $2,995$15,596
X-11 Publicly traded securitiesStart of year $1,349,098$1,395,940
X-15 Other assetsStart of year $4,466,205$4,466,205
X-16 Total assetsStart of year $5,953,298$5,877,741
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $5,953,298$5,877,741
X-33 Total liabilities and net assetsStart of year $5,953,298$5,877,741
Part XI · Reconciliation of net assets $5,877,741 net assets at year end
XI-1 Total revenue$7,685
XI-2 Total expenses$234,503
XI-3 Revenue less expenses−$226,818
XI-4 Net assets at start of year$5,953,298
XI-5 Net unrealized gains (losses) on investments$151,261
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,877,741

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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