501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2025 · Form 990-PFIndependent: 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-PF
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $17K a year · 31% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
990-PF Pt I · 4 filings
7 mo
of spending, in cash
Looks good: 7.1 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
$83K
+276% vs prior year
Spent
$39K
Net assets
$599K
By yearFY2021–FY2025
Revenue
$83K
FY2025▲ +276%
Tap a bar for its year
Revenue by fiscal year
FY2021$49K
FY2023$61K
FY2024$22K
FY2025$83K
Expenses
$39K
FY2025▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2021$33K
FY2023$38K
FY2024$39K
FY2025$39K
Net assets
$599K
FY2025▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$506K
FY2023$572K
FY2024$556K
FY2025$599K

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

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1991.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 77% · $30K Operating & administrative 23% · $9K

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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
See Smith & Watson Foundation executive salaries →

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Programs and updates

A private foundation based in Hobbs, NM.

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 12 grants · $30K · 2024–2024
University of the SouthwestNM · FY2024$6,000
Granbury Church of ChristTX · FY2024$5,000
Palmer Drug Abuse ProgramFY2024$5,000
My Power INCFY2024$4,000
Habitat for HumanityFY2024$3,000
New Mexico Junior College FoundationFY2024$2,500
Individual RecipientFY2024$1,500
Western Heritage MuseumFY2024$1,000
Lea County Museum INCNM · FY2024$750
Individual RecipientFY2024$750
Conquistador Boy Scouts of AmericaFY2024$200

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV4
Average grantPart XV$3K
Median grantPart XV$2K
Largest grantPart XV$6K
Top cause focusNTEEColleges & Universities (8%)

By the numbers

The FY2025 990-PF, line by line.

1The main four
Money in
$83K
Investment income$51K
Gifts and grants$32K
Money out
$39K
Grants paid$30K
Running costs$9K
Owns and owes
$599K
net assets
Cash and savings$23K
Total assets$599K
Liabilities$0
People
2
listed
Paid0
2In more detail
Revenue in detail
Gifts and grants$32K
Investment income$51K
Total revenue$83K
Assets in detailEnd of year
Cash and savings together$23K
Total assets$599K
Liabilities$0
Net assets$599K
Operations
Fiscal year endsOctober

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $83K$39K$43K$599K 990 PDF
FY2024 $22K$39K−$17K$556K 990 PDF
FY2023 $61K$38K$23K$572K 990 PDF
FY2022 Not on file
FY2021 $49K$33K$16K$506K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

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

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