Watts 2 Boston Foundation

Tax-deductible

Westwood, MA501(c)(3)Youth DevelopmentEIN 83-4043198

Watts2Boston provides young scholars from Watts, Los Angeles a loving and nurturing environment through education and experiences by working together with the Los Angeles Police Department, Southeast Division.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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 2
filings with a surplus
Average surplus $62K a year · 17% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 5.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $105K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$435K
+38% vs prior year
Spent
$379K
To programs
87%
Net assets
$171K
By yearFY2023–FY2025
Revenue
$435K
FY2025▲ +38%
Revenue by fiscal year
FY2023$149K
FY2024$315K
FY2025$435K
Expenses
$379K
FY2025▲ +54%
Expenses by fiscal year
FY2023Not on file
FY2024$247K
FY2025$379K
Net assets
$171K
FY2025▲ +49%
Net assets by fiscal year
FY2023$46K
FY2024$114K
FY2025$171K

From the FY2025 Form 990 (year ending March 2025) · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2021-08-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2022.

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% · $329K Management & general 6% · $23K Fundraising 7% · $27K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Watts 2 Boston Foundation executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects Watts youth with educational opportunities and experiences through community partnerships.

Provided by the organization

This section is blank until Watts 2 Boston Foundation claims this page.

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3 program services account for $329K of program spending, described in the organization's own filed words · FY2024.
01

Educational Expenses- Necessary educational needs for our scholars, including tuition, textbooks, laptops, books and airfare. Over 80 students and families received benefit this period.

$176Kprogram expense
02

Grants to Organizations- Support for educational foundations, LAPD Partnerships, athletic organizations designated to impoverished areas, good faith donations for future scholars.

$87Kprogram expense
03

Support for Individuals- Support for well-being, including food, furniture, rent assistance. About 100 students and families received benefit this period.

$66Kprogram expense

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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 4 funders →
Grants paid · 17 grants · $497K · 2023–2024
Unitemized GrantFY2024$157,005
Mary of the Sea High SchoolCA · FY2024$50,000
Unitemized GrantFY2024$27,614
Unitemized GrantFY2024$23,057
Strive FoundationCA · FY2024$22,500
Unitemized GrantFY2024$14,724
Unitemized GrantFY2024$8,790
Unitemized GrantFY2024$5,229
Unitemized GrantFY2024$4,366
Unitemized GrantFY2023$95,275
Unitemized GrantFY2023$27,604
Unitemized GrantFY2023$25,818
Unitemized GrantFY2023$13,556
Project Blue CorpsCA · FY2023$8,000
Strive FoundationCA · FY2023$5,700
Unitemized GrantFY2023$5,031
Unitemized GrantFY2023$3,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$435K
Ln 12
Gifts and grantsLn 1h$417K
Other incomeLn 4–11$15K
Investment incomeLn 3$4K
Money outPt IX
$379K
Ln 25
Programscol B$329K
Managementcol C$23K
Fundraisingcol D$27K
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$175K
Total assetsLn 16$182K
LiabilitiesLn 26$12K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$417K
Investment incomeLn 3$4K
Other incomeLn 4–11$15K
Gains on assetsLn 7$0
Total revenueLn 12$435K
Assets in detailPt X, end of year
CashLn 1$397
SavingsLn 2$174K
Cash and savings togetherLn 1–2$175K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$182K
LiabilitiesLn 26$12K
Net assetsLn 32$171K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$124K$175K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$131K$182K
LiabilitiesLn 26$17K$12K
Net assetsLn 32$114K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$87K$87K
Grants to domestic individualsLn 2$241K$241K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$11K$11K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$20K$20K
Advertising and promotionLn 12$10K$1K$3K$7K
Office expensesLn 13$994$994
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$5K$5K
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$1K$1K
Other expenses (24a–d)Ln 24$841$499$342
All other expensesLn 24e$0
Total functional expensesLn 25$379K$329K$23K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $435K$379K$56K$171K 990 PDF
FY2024 $315K$247K$68K$114K 990 PDF
FY2023 $149K$46K 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $435,057 across 9 lines filed
VIII-1f All other contributions, gifts and grants$416,849
VIII-1h Total contributions, gifts and grants$416,849
VIII-3 Investment incomeRelated to mission $3,658$3,658
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$13,463
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,087$1,087
VIII-12 Total revenueRelated to mission $4,745$435,057
Part IX · Statement of functional expenses $378,695 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $86,790$86,790
IX-2 Grants to domestic individualsPrograms $240,785$240,785
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $10,883$10,883
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesFundraising $20,000$20,000
IX-12 Advertising and promotionPrograms $1,150 · Management $2,521 · Fundraising $6,816$10,487
IX-13 Office expensesManagement $994$994
IX-14 Information technologyManagement $1,373$1,373
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $5,148$5,148
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 InsuranceManagement $1,394$1,394
IX-24 Other expenses (24a–d)Programs $499 · Management $342$841
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $329,224 · Management $22,655 · Fundraising $26,816$378,695
Part X · Balance sheet $182,262 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $5,957$397
X-2 Savings and temporary cash investmentsStart of year $117,926$174,192
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $7,151$6,173
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 assets$1,500
X-16 Total assetsStart of year $131,034$182,262
X-17 Accounts payable and accrued expensesStart of year $16,850$11,716
X-26 Total liabilitiesStart of year $16,850$11,716
X-27 Net assets without donor restrictionsStart of year $114,184$158,671
X-28 Net assets with donor restrictions$11,875
X-32 Total net assets or fund balancesStart of year $114,184$170,546
X-33 Total liabilities and net assetsStart of year $131,034$182,262
Part XI · Reconciliation of net assets $170,546 net assets at year end
XI-1 Total revenue$435,057
XI-2 Total expenses$378,695
XI-3 Revenue less expenses$56,362
XI-4 Net assets at start of year$114,184
XI-10 Net assets at end of year$170,546

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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