Watson One More INC EIN 26-1365205 Form 990 (PDF) Claim this org

Watson One More INC

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Spreading Christ's love and hope by meeting needs, promoting education, and offering enrichment. For fiscal year 2024 it reported $-115K in revenue, $42K in expenses, and $924K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Tempe, AZ
Website
www.watsononemore.org
Filings
5 on file (2020–2024)
Revenue
$-115KFY2024
Expenses
$42K
Net assets
$924K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-1365205 Public foundation / grantmaker Tempe, AZ
Form 990 (PDF)
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Size
<$100K
What they do
Spreading Christ's love and hope by meeting needs, promoting education, and offering enrichment.
Leadership
Benjamin Watson · President
Money in and out
$-115K revenue, $42K expenses
Bottom line
75% program efficiency
Grants paid & assets · FY2024
Total revenue
$-115K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$924K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$157K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.21 Fundraising $0.04
Program efficiency
75%
of spending reaches programs▲ +270% vs prior filing year
Operating runway
255.1mo
months of highly liquid reserves at operating expense rate▲ +143% vs prior filing year
Goes to people
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$-115K
FY2024▼ -187%
Expenses
$42K
FY2024▼ -79%
Total assets
$924K
FY2024▼ -15%
Total liabilities
$0
FY2024
Total revenue
$-115K
Pt VIII · Ln 12
Total expenses
$42K
Pt IX · Ln 25
Net assets
$924K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$157K
Total assetsPt X · Ln 16$924K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $32K of program spending, described in the organization's own filed words · FY2024.
01

The Watson Seven Foundation aims to make a sizable impact by strategically partnering with faith-based organizations to create a network of impact focused on strengthening families by giving them opportunities to thrive.

$32Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWatson One More INC
EINHdr · item D26-1365205
Principal addressHdr · item CTempe, AZ
WebsiteHdr · item Jwww.watsononemore.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T31)
Ruling yearIRS BMFApr 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Watson One More INC executive salaries →

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.21 Fundraising $0.04
Program services75%$32K
Management & general21%$9K
Fundraising4%$2K
Total functional expensesLn 25$42K

Balance Sheet

Part X · end of year
CashLn 1$901K
Total assetsLn 16$924K
Total liabilitiesLn 26$0
Total net assetsLn 32$924K
Months of cash on handcomputed255.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $901K · Operating expenses/yr $42K
255.1 months
Where the money goes
Program services
Program services $32K · Total expenses $42K
75%
Management & General
Management & general $9K · Total expenses $42K
21%
Fundraising
Fundraising $2K · Total expenses $42K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $57K · Solicited contributions (3-yr avg) $35K
$1.62 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $647 · Total revenue $-115K
Government reliance
Government grants — · Total revenue $-115K
Earned-income share
Program service revenue $0 · Total revenue $-115K
Investment reliance
Investment income $-116K · Total revenue $-115K
Program self-sufficiency
Program service revenue $0 · Total expenses $42K
0%
Growth & trend
Revenue growth (YoY)
This year $-115K · Prior year $133K
-187%
Net-asset trend (YoY)
End of year $924K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-115K · Expenses $42K
Liabilities-to-Assets
Total liabilities — · Total assets $924K
Net-asset ratio
Net assets $924K · Total assets $924K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $924K
0%
People & payroll
Highest Reported Total Compensation
Individual Benjamin Watson · Reported title President · Highest reported compensation $0 · Total expenses $42K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $42K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 21%
Fundraising cost ratio 289%
Revenue growth -187%
Investment management fee ratio 0%
Legal fee ratio 7%
Accounting fee ratio 14%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2020
Total grants receivedfrom 3 funders$1.2M
See all 3 funders →
Grants paid · 2 grants · $20K · 2021–2022
Pro-Black Pro-LifeOH · FY2022$13,328
Pro-Black Pro-LifeOH · FY2021$6,664

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$-115K revenue · viewing · ⤓ 990 PDF
FY2023$133K revenue · ⤓ 990 PDF
FY2022$10K revenue · ⤓ 990 PDF
FY2021$1.0M revenue · ⤓ 990 PDF
FY2020$234K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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