Watson Institute FY2020 filing

Tax-deductible

Boulder, CO501(c)(3)Since 2012Youth DevelopmentEIN 46-1001797Revenue $1.4M in FY2020

On file with the IRSwatson.is4845 Pearl East Cir Ste 101, 80301-6113 · Boulder, COTax-exempt since Feb 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Watson Institute accelerates the impact of entrepreneurs and leaders

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$97K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
6 of 6
filings with a surplus
Average surplus $542K a year · 18% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.5M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$45K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
Spent
$1.4M
To programs
87%
Net assets
$511K
By yearFY2020–FY2025
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.8M
FY2022$1.9M
FY2023$3.2M
FY2024$3.6M
FY2025$6.1M
Expenses
$1.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.9M
FY2023$2.4M
FY2024$3.4M
FY2025$4.1M
Net assets
$511K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$511K
FY2021$848K
FY2022$878K
FY2023$1.6M
FY2024$1.7M
FY2025$3.8M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Feb 2013.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.2M Management & general 8% · $108K Fundraising 5% · $70K

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

4 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President
$96,916Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Andrew Lippi’s $188K as COO is at the 83rd percentile of top reported officer pay among 1552 $1–10M youth 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 · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Andrew Lippi$187,533—————
Eric Glustrom$186,950$168,933$154,317$115,000$102,851$96,916
Isabel Dejesus$114,900—————
Tyler Guiliano$110,800—————
Dwayne Griffith$109,685—————

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops next-generation leaders and entrepreneurs through an innovative education model.

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Provided by the organization

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3 programs · $1.2M · in their own filed words · FY2019
01

Watson provides a semester long accelerator in boulder for student innovators, leaders and entrepreneurs ages 18-23 that includes short master courses from the world's foremost leaders, enrepreneurs, and thinkers including a leader of a nobel peace prize winning movement to one of time magazine's 100 most influential people and more…

$747Kprogram expense
02

Watson implements the programming via an alliance agreement with lynn university for a bachelor's of science in social entrepreneurship.

$464Kprogram expense
03

Watson institute runs a career accelerator for next generation entrepeneurs and leaders in collaboration with universidad francisco marroquin

$8Kprogram 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
See all 8 funders →
Grants paid · 2 grants · $192K · 2022–2024
Unitemized GrantFY2024$159,940
Unitemized GrantFY2022$32,551

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$186K
Investment incomeLn 3$134K
Money outPt IX
$1.4M
Ln 25
Programscol B$1.2M
Managementcol C$108K
Fundraisingcol D$70K
Owns and owesPt X
$511K
net assets · Ln 32
Cash and savingsLn 1–2$497K
Total assetsLn 16$556K
LiabilitiesLn 26$45K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$186K
Investment incomeLn 3$134K
Gains on assetsLn 7$0
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$497K
SavingsLn 2$0
Cash and savings togetherLn 1–2$497K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$31K
Total assetsLn 16$556K
LiabilitiesLn 26$45K
Net assetsLn 32$511K
OperationsPt I, VI
EmployeesI 528
VolunteersI 6100
Fiscal year endsHeaderJune
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 FY20End FY20
Cash and savingsLn 1–2$497K$497K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$522K$556K
LiabilitiesLn 26$22K$45K
Net assetsLn 32$500K$511K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$32K$32K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$18K$18K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$97K$82K$10K$5K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$636K$541K$64K$32K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$59K$50K$6K$3K
Management feesLn 11a$0
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$9K$9K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$19K$19K
Office expensesLn 13$11K$9K$1K$530
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$213K$192K$21K
TravelLn 17$43K$39K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$169K$165K$3K
All other expensesLn 24e$73K$57K$15K$957
Total functional expensesLn 25$1.4M$1.2M$108K$70K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.1M$4.1M$2.0M$3.8M 990 PDF
FY2024 $3.6M$3.4M$148K$1.7M 990 PDF
FY2023 $3.2M$2.4M$715K$1.6M 990 PDF
FY2022 $1.9M$1.9M$30K$878K 990 PDF
FY2021 $1.8M$1.4M$337K$848K 990 PDF
FY2020 Viewing $1.4M$1.4M$11K$511K 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 FY2020 990 (6 parts)
Part I · Summary $1,408,323 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $330,154$1,088,515
I-9 Program service revenuePrior year $118,187$185,501
I-10 Investment income$134,307
I-11 Other revenue$0
I-12 Total revenuePrior year $448,341$1,408,323
I-13 Grants and similar amounts paidPrior year $179,830$49,607
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $331,733$791,644
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $156,596$555,955
I-18 Total expensesPrior year $668,159$1,397,206
I-19 Revenue less expensesPrior year −$219,818$11,117
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,408,323 across 9 lines filed
Lines not itemized here account for $134,307 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,088,515
VIII-1h Total contributions, gifts and grants$1,088,515
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $185,501$185,501
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $319,808$1,408,323
Part IX · Statement of functional expenses $1,397,206 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $31,908$31,908
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $17,699$17,699
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $82,379 · Management $9,692 · Fundraising $4,845$96,916
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $540,747 · Management $63,617 · Fundraising $31,809$636,173
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $49,772 · Management $5,855 · Fundraising $2,928$58,555
IX-11a Management fees$0
IX-11b Legal feesManagement $3,617$3,617
IX-11c Accounting feesManagement $8,837$8,837
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,400$1,400
IX-12 Advertising and promotionPrograms $18,907$18,907
IX-13 Office expensesPrograms $9,012 · Management $1,060 · Fundraising $530$10,602
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $191,606 · Fundraising $21,289$212,895
IX-17 TravelPrograms $39,051 · Fundraising $4,338$43,389
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $14,518$14,518
IX-24 Other expenses (24a–d)Programs $165,372 · Fundraising $3,415$168,787
IX-24e All other expensesPrograms $56,998 · Management $15,048 · Fundraising $957$73,003
IX-25 Total functional expensesPrograms $1,219,369 · Management $107,726 · Fundraising $70,111$1,397,206
Part X · Balance sheet $555,502 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $497,368$496,920
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$27,593
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $24,711$30,989
X-16 Total assetsStart of year $522,079$555,502
X-19 Deferred revenue$6,842
X-25 Other liabilitiesStart of year $22,362$37,826
X-26 Total liabilitiesStart of year $22,362$44,668
X-27 Net assets without donor restrictionsStart of year $499,717$510,834
X-32 Total net assets or fund balancesStart of year $499,717$510,834
X-33 Total liabilities and net assetsStart of year $522,079$555,502
Part XI · Reconciliation of net assets $510,834 net assets at year end
XI-1 Total revenue$1,408,323
XI-2 Total expenses$1,397,206
XI-3 Revenue less expenses$11,117
XI-4 Net assets at start of year$499,717
XI-10 Net assets at end of year$510,834

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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