Hunter Brooks Watson Memorial Fund FY2023 filing

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McLean, VA501(c)(3)Since 2018Foundations & Grantmakers EIN 83-0574041Revenue $126K in FY2023

On file with the IRShunterwatson.org850 Dolley Madison Blvd, 22101-1821 · McLean, VATax-exempt since Feb 2019Publicly supported charity — 170(b)(1)(A)(vi)

Hunter's Fund has dual missions in support of young adults. The first is to provide resources to help advance the dreams of passionate, curious young people. The second is to reduce deaths and injuries from distracted driving by increasing awareness among young drivers and gaining their commitment to change.At Hunter's Fund, we support young men and women of diverse interests and talents, so they can let their passions shine.Our inspiration and our mission come from Hunter himself. He was a young man of extremely diverse talents and interests. Wherever he went, whatever he did, he brought a spark and a smile and a contagious energy that inspired those around him.

501(c)(3) charity; gifts are tax-deductible.
72¢ 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 deficit $12K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Plus $404K in investments, Pt X · Ln 11–13
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $29K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$126K
-44% vs prior year
Spent
$287K
To programs
72%
Net assets
$435K
By yearFY2020–FY2025
Revenue
$126K
FY2023▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$156K
FY2021$485K
FY2022$224K
FY2023$126K
FY2024$324K
FY2025$209K
Expenses
$287K
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$238K
FY2022$259K
FY2023$287K
FY2024$307K
FY2025$331K
Net assets
$435K
FY2023▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$315K
FY2021$549K
FY2022$365K
FY2023$435K
FY2024$631K
FY2025$543K

From the FY2023 Form 990 · see the original

Give
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 Feb 2019.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $205K Management & general 26% · $74K Fundraising 2% · $7K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
See Hunter Brooks Watson Memorial Fund executive salaries →

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 15aNo

Programs and updates

Funds young people's ideas and supports safe driving campaigns in schools.

Questions for Hunter Brooks Watson Memorial Fund

Tap to ask. Hunter Brooks Watson Memorial Fund sees how many people are interested.

Your first name shows with your question. Hunter Brooks Watson Memorial Fund answers here, for everyone.

3 programs · $205K · in their own filed words · FY2023
01

Safe Driving Weeks

Hunter Watson died as a passenger in a distracted driving accident just as he was to enter his junior year in college. Hunter's Fund supported Safe Driving Weeks on 34 campuses in 2023 resulting in 15,192 students signing pledges not to drive distracted.

$79Kprogram expense
02

Grants

During 2023, over 270 young people began an application for a grant, and 30 completed their application for a grant from the Hunter Brooks Watson Memorial Fund (Hunter's Fund). The Grants Committee reviewed the applications that met the Fund's criteria and selected 13 of the most promising for funding bringing the total to 84 grants…

$65Kprogram expense
03

EducationWith the organization's safe driving programs on dozens of campuses, print newsletters, website, blog, social media and email communications, and educational materials that reach young people, parents and those in the educational community seek to build awareness of the potential of new ideas and how recognizing and supporting…

$61Kprogram 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$29K
See all 3 funders →
Grants paid · 15 grants · $254K · 2020–2025
Syracuse UniversityNY · FY2025$10,000
Unitemized GrantFY2024$18,920
Syracuse UniversityNY · FY2024$10,000
Root & Seed Brands LLCFY2024$5,005
Unitemized GrantFY2023$14,914
Syracuse UniversityNY · FY2023$10,000
Unitemized GrantFY2022$32,594
Unitemized GrantFY2021$32,592
Syracuse UniversityNY · FY2021$10,000
Syracuse UniversityNY · FY2020$10,465
Unitemized GrantFY2020$5,000

By the numbers

Org confirmed 0 of 8 linesconfirmednot yet

The FY2023 990, line by line.

1The main four
Money inPt VIII
$126K
Ln 12
Gifts and grantsLn 1h$200K
Investment incomeLn 3$1K
Money outPt IX
$287K
Ln 25
Programscol B$205K
Managementcol C$74K
Fundraisingcol D$7K
Owns and owesPt X
$435K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$440K
LiabilitiesLn 26$5K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Investment incomeLn 3$1K
Gains on assetsLn 7−$75K
Total revenueLn 12$126K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
InvestmentsLn 11–13$404K
Total assetsLn 16$440K
LiabilitiesLn 26$5K
Net assetsLn 32$435K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62,250
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$138K$35K
InvestmentsLn 11–13$249K$404K
Total assetsLn 16$388K$440K
LiabilitiesLn 26$23K$5K
Net assetsLn 32$365K$435K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Grants to domestic individualsLn 2$15K$15K
Other salaries and wagesLn 7$58K$34K$24K
Payroll taxesLn 10$1K$867$520
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$11K$12$11K
Advertising and promotionLn 12$11K$8K$2K$2K
Office expensesLn 13$7K$704$7K$38
Information technologyLn 14$5K$3K$2K$168
TravelLn 17$3K$2K$1K
Other expenses (24a–d)Ln 24$123K$105K$14K$4K
All other expensesLn 24e$1K$626$487
Total functional expensesLn 25$287K$205K$74K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $209K$331K−$122K$543K 990 PDF
FY2024Filed with the IRS May 15, 2025 $324K$307K$16K$631K 990 PDF
FY2023 ViewingFiled with the IRS Apr 30, 2024 $126K$287K−$160K$435K 990 PDF
FY2022Filed with the IRS Oct 14, 2023 $224K$259K−$36K$365K 990 PDF
FY2021Filed with the IRS Oct 4, 2022 $485K$238K$247K$549K 990 PDF
FY2020Filed with the IRS May 7, 2021 $156K$176K−$20K$315K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $126,305 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $222,979$200,456
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $640−$74,151
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $223,619$126,305
I-13 Grants and similar amounts paidPrior year $67,754$52,718
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $62,684$59,010
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $129,050$174,966
I-18 Total expensesPrior year $259,488$286,694
I-19 Revenue less expensesPrior year −$35,869−$160,389
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $126,305 across 5 lines filed
VIII-1f All other contributions, gifts and grants$200,456
VIII-1h Total contributions, gifts and grants$200,456
VIII-3 Investment incomeExcluded from tax $1,163$1,163
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$75,314−$75,314
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$74,151$126,305
Part IX · Statement of functional expenses $286,694 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $37,804$37,804
IX-2 Grants to domestic individualsPrograms $14,914$14,914
IX-7 Other salaries and wagesPrograms $33,937 · Management $23,686$57,623
IX-10 Payroll taxesPrograms $867 · Management $520$1,387
IX-11c Accounting feesManagement $12,385$12,385
IX-11g Other fees for servicesPrograms $12 · Management $11,170$11,182
IX-12 Advertising and promotionPrograms $7,655 · Management $1,544 · Fundraising $1,773$10,972
IX-13 Office expensesPrograms $704 · Management $6,718 · Fundraising $38$7,460
IX-14 Information technologyPrograms $2,765 · Management $2,472 · Fundraising $168$5,405
IX-17 TravelPrograms $1,627 · Management $1,457$3,084
IX-24 Other expenses (24a–d)Programs $105,209 · Management $13,850 · Fundraising $4,306$123,365
IX-24e All other expensesManagement $626 · Fundraising $487$1,113
IX-25 Total functional expensesPrograms $205,494 · Management $74,428 · Fundraising $6,772$286,694
Part X · Balance sheet $439,755 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $138,453$35,418
X-11 Publicly traded securitiesStart of year $248,825$404,337
X-16 Total assetsStart of year $387,904$439,755
X-17 Accounts payable and accrued expensesStart of year $22,676$5,253
X-26 Total liabilitiesStart of year $22,676$5,253
X-27 Net assets without donor restrictionsStart of year $365,228$434,502
X-32 Total net assets or fund balancesStart of year $365,228$434,502
X-33 Total liabilities and net assetsStart of year $387,904$439,755
Part XI · Reconciliation of net assets $434,502 net assets at year end
XI-1 Total revenue$126,305
XI-2 Total expenses$286,694
XI-3 Revenue less expenses−$160,389
XI-4 Net assets at start of year$365,228
XI-5 Net unrealized gains (losses) on investments$229,663
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$434,502

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

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