Watson Foundation INC

IRS exemption revoked

Oak Ridge, TN501(c)(3)EIN 62-6045681Revenue $32K in FY2022

On file with the IRS116 E Magnolia Ln, 37830-5313 · Oak Ridge, TNTax-exempt since May 1959Private non-operating foundation

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FY2022 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990-PF
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average surplus $264K a year · 78% of revenue · last 3 filings
Worth a look: a surplus in 1 of the last 3 filings.
990-PF Pt I · 3 filings
Cash reserves
130 mo
of spending, in cash
Looks good: 130.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32K
+26% vs prior year
Spent
$59K
Net assets
$1.0M
By yearFY2020–FY2022
Revenue
$32K
FY2022▲ +26%
Tap a bar for its year
Revenue by fiscal year
FY2020$961K
FY2021$25K
FY2022$32K
Expenses
$59K
FY2022▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$73K
FY2021$94K
FY2022$59K
Net assets
$1.0M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.0M
FY2022$1.0M

From the FY2022 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in May 1959.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 99% · $59K Operating & administrative 1% · $300

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

2 people listed on the 990-PF.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President-Treasurer
$0Pt VII · Sec A
See Watson Foundation INC executive salaries →

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Programs and updates

A private foundation based in Oak Ridge, TN.

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 5 grants · $59K · 2022–2022
World Vision INCWA · FY2022$15,000
Food for the Poor INCFL · FY2022$15,000
University of TennesseeFY2022$12,000
The Salvation ArmyFY2022$12,000
Heifer InternationalFY2022$5,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$12K
Median grantPart XV$12K
Largest grantPart XV$15K
Top cause focusNTEEInternational (40%)

By the numbers

The FY2022 990-PF, line by line.

1The main four
Money in
$32K
Investment income$30K
Gifts and grants$2K
Money out
$59K
Grants paid$59K
Running costs$300
Owns and owes
$1.0M
net assets
Cash and savings$644K
Total assets$1.0M
Liabilities$0
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$2K
Investment income$30K
Total revenue$32K
Assets in detailEnd of year
Cash and savings together$644K
Total assets$1.0M
Liabilities$0
Net assets$1.0M
Operations
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $32K$59K−$28K$1.0M 990 PDF
FY2021 $25K$94K−$69K$1.0M 990 PDF
FY2020 $961K$73K$889K$1.1M 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

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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