John G Watson Foundation INC EIN 45-2857543 Form 990 (PDF) Claim this org

John G Watson Foundation INC

Not yet claimed Claim this org →

Supports early-stage companies with mentoring, education, guidance, and funding. For fiscal year 2025 it reported $21K in revenue, $62K in expenses, and $861K in net assets.Pt I

Founded
2011
Type
Supporting organization · Community Development
Location
San Diego, CA
Website
www.johngwatsonfdn.com
Filings
6 on file (2020–2025)
Revenue
$21KFY2025
Expenses
$62K
Net assets
$861K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-2857543 Supporting organization San Diego, CA Founded 2011
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until John G Watson Foundation INC claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Supports early-stage companies with mentoring, education, guidance, and funding.
Leadership
Stephen Flaim · President · $30K
Money in and out
$21K revenue, $62K expenses
Bottom line
-189% net inflow
Money in and out · FY2025
Total revenue
$21K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$861K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.22 Management & general $0.78
Net inflow
-189%
revenue over expenses, this year▼ -7% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
22%
of expenses reach stated programs▲ +25% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$21K
FY2025▲ +6%
Expenses
$62K
FY2025▲ +10%
Total assets
$861K
FY2025▼ -4%
Total liabilities
$0
FY2025
Total revenue
$21K
Pt VIII · Ln 12
Total expenses
$62K
Pt IX · Ln 25
Net assets
$861K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$861K
Program-expense ratioPt IX · col B22%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJohn G Watson Foundation INC
EINHdr · item D45-2857543
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.johngwatsonfdn.com
Year of formationHdr · item L2011
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S11)
Ruling yearIRS BMFJul 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
President
$30,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Flaim’s $30K as President is at the 70th percentile of top reported officer pay among 167 <$100K community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen Flaim$30,000
Stephen Flaim$30,000$30,000$30,000$30,000$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See John G Watson Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $14K of program spending, described in the organization's own filed words · FY2025.
01

As a 509(A)(3)(B)(I) supporting organization, the foundation has provided techconsocal with substantial financial support to help foster their mission to promote entrepreneurial activity in southern california.

$10Kprogram expense
02

As a 509(A)(3)(B)(I) supporting organization, the foundation has provided the indus entrepreneurs san diego with substantial financial support to help foster their mission to promote entrepreneurial activity in southern california

$4Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Investment income100%$21K
Total revenueLn 12$21K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.22 Management & general $0.78
Program services22%$14K
Management & general78%$48K
Total functional expensesLn 25$62K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$861K
Total liabilitiesLn 26$0
Total net assetsLn 32$861K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $861K · Operating expenses/yr $62K
167.3 months
Where the money goes
Program services
Program services $14K · Total expenses $62K
22%
Management & General
Management & general $48K · Total expenses $62K
78%
Fundraising
Fundraising $0 · Total expenses $62K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $21K
0%
Government reliance
Government grants — · Total revenue $21K
Earned-income share
Program service revenue $0 · Total revenue $21K
0%
Investment reliance
Investment income $21K · Total revenue $21K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $62K
0%
Growth & trend
Revenue growth (YoY)
This year $21K · Prior year $20K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $42K · FY2025 $21K
-13%
Net-asset trend (YoY)
End of year $861K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $21K · Expenses $62K
-189%
Liabilities-to-Assets
Total liabilities — · Total assets $861K
Net-asset ratio
Net assets $861K · Total assets $861K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $855K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $861K
99%
People & payroll
Highest Reported Total Compensation
Individual Stephen Flaim · Reported title PRESIDENT · Highest reported compensation $30K · Total expenses $62K
49%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $30K · Total expenses $62K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 22%
Overhead ratio 78%
Revenue growth 6%

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 · this organization's grantmaking
Grants paid · 3 grants · $45K · 2023–2025
Techcon SocalFY2025$10,000
Nufund 22 LLCFY2023$25,000

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$21K revenue · viewing · ⤓ 990 PDF
FY2024$20K revenue · ⤓ 990 PDF
FY2023$12K revenue · ⤓ 990 PDF
FY2022$-7K revenue · ⤓ 990 PDF
FY2021$38K revenue · ⤓ 990 PDF
FY2020$42K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.