KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-14
- IRS object ID
- 202403199349106900
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Compensation Explanation
- Depreciation Schedule
- Investments Corp Stock Schedule
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-14T22:11:31-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3333 New Hyde Park Rd Ste 406 | AddressLine1Txt |
| City | New Hyde Park | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455288107 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kenneth and Jean Watson Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % Foundation Source | InCareOfNm |
| Business Name Control | KENN | BusinessNameControlTxt |
| Phone | 8008391754 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William Thorsness | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2024-11-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,246,313 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $0 | ContriRcvdRevAndExpnssAmt |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $203 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $203 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $32,603 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $16,354 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $16,177 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $268,012 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $16,177 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $48,983 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $32,734 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $6,406 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $6,406 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $17,042 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $17,042 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $159 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $59 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,257 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $11 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,649 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $34,864 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $17,112 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $18,055 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $34,864 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $17,112 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $18,055 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $14,119 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,622 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $28,443 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $23,461 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $23,461 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $2,798 | AcctRcvblBOYAmt |
| US Government Obligations BOY | $431,977 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $446,272 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $452,333 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $618,647 | CorporateStockBOYAmt |
| Corporate Stock EOY | $626,807 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $770,519 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,081,865 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,096,540 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,246,313 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,081,865 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,096,540 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,081,865 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,096,540 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,081,865 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,096,540 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,081,865 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $14,119 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,095,984 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,095,984 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $268,012 | GrossSalesPriceAmt |
| Cost Or Other Basis | $251,835 | CostOrOtherBasisAmt |
| Gain Or Loss | $16,177 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $16,177 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $16,177 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $217 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $217 | SubtotalAmt |
| Tax Based On Investment Income | $217 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $137 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $100 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $237 | TotalPaymentsAndCreditsAmt |
| Overpayment | $20 | OverpaymentAmt |
| Applied To ES Tax | $20 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | DE | OrgReportOrRegisterStateCd |
| Org Report Or Register State | IL | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Foundation Source | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8008391754 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 501 Silverside Road Suite 123 | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | Yes (true) | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | Yes (true) | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Acts Fail To Qlfy As Exceptions | false | ActsFailToQlfyAsExceptionsInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William W Thorsness | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | Foundation Source 501 Silverside Rd | AddressLine1Txt |
| City | Wilmington | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198091377 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | Pres, Dir, Sec, Treas | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 1.0 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $0 | CompensationAmt |
| Employee Benefit Program | $0 | EmployeeBenefitProgramAmt |
| Expense Account Other Allwnc | $0 | ExpenseAccountOtherAllwncAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Summary Of Direct Chrtbl Acty | SummaryOfDirectChrtblActyGrp | |
| Sum Of Program Related Invst | SumOfProgramRelatedInvstGrp |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,160,993 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $28,895 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,189,888 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,189,888 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $17,848 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,172,040 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $58,602 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $58,602 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $217 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $217 | TotalTaxAmt |
| Distributable Before Adj | $58,385 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $58,385 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $58,385 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $18,055 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $18,055 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $58,385 | DistributableAsAdjustedAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr2 | $91,833 | ExcessDistributionCyovYr2Amt |
| Total Excess Distribution Cyov | $91,833 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $18,055 | QualifyingDistributionsAmt |
| Applied To Current Year | $18,055 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $40,330 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $40,330 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $51,503 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $51,503 | ExcessDistriCyovToNextYrAmt |
| Excess From Year2 | $51,503 | ExcessFromYear2Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $203 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $32,603 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $16,177 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $48,983 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $48,983 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Compensation Explanation CompensationExplanation
Compensation Explanation CompensationExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | William W Thorsness | PersonNm |
| Short Explanation | COMPENSATION EXPLANATION: *WILLIAM W THORSNESS, PRESIDENT OF KENNETH AND JEAN WATSON FUND (THE "FOUNDATION"), IS A PARTNER AT THE LAW FIRM OF LILLIG & THORSNESS, LTD A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2023, THE FOUNDATION PAID $6,406 FOR LEGAL SERVICES RENDERED BY SUCH DISQUALIFIED PERSON AS REPORTED IN FORM 990-PF, PART I, LINE 16A. SUCH ADVISORY FIRM BILLED THE FOUNDATION AT OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (98 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE SYSTEMS, INC | $1,924 | $2,386 |
| ALPHABET INC CL A | $5,005 | $8,242 |
| AMAZON COM | $1,170 | $8,053 |
| AMERICAN BEACON AHL MANAGED FU | $31,254 | $29,285 |
| AMERICAN EXPRESS CO | $5,800 | $6,394 |
| APPLE INC | $7,231 | $16,000 |
| APPLIED MATERIALS INC | $1,741 | $2,761 |
| APPLOVIN CORP | $944 | $1,235 |
| ASTRAZENECA | $1,252 | $1,212 |
| AUTODESK, INC | $1,910 | $2,191 |
| BECTON DICKINSON & CO | $4,879 | $4,651 |
| BIOMARIN PHARMACEUTICAL INC | $1,387 | $1,350 |
| BLACKROCK INC | $7,361 | $9,802 |
| BROADCOM INC | $3,067 | $10,093 |
| CHENIERE ENERGY INC | $1,236 | $1,369 |
| CHEVRON CORP | $936 | $1,507 |
| COHEN & STEERS REAL ASSETS FDS | $29,666 | $31,074 |
| COMCAST CORP | $6,234 | $5,739 |
| COMMUNICATION SVCS SLCT SCTR S | $8,750 | $11,872 |
| CONSUMER DISCRETIONARY SELECT | $7,483 | $10,748 |
| COSTCO WHOLESALE CORPORATION | $976 | $3,306 |
| CSX CORP | $3,140 | $4,104 |
| D R HORTON | $2,705 | $4,266 |
| DATADOG INC | $1,067 | $1,457 |
| DEERE CO | $5,184 | $5,217 |
| DIGITAL RLTY TR INC | $6,327 | $7,536 |
| EATON CORP PLC | $6,630 | $9,911 |
| EDWARDS LIFESCIENCES | $1,301 | $1,754 |
| ELI LILLY & CO | $3,011 | $6,424 |
| EMERSON ELECTRIC CO | $4,371 | $5,287 |
| EXXON MOBIL CORP | $5,118 | $6,561 |
| FERRARI NV | $963 | $1,354 |
| FIDELITY MSCI UTILITIES INDEX | $2,998 | $2,798 |
| FINANCIAL SELECT SECTOR SPDR F | $6,653 | $7,822 |
| FIRST TRUST ISE CLOUD COMPUTIN | $2,956 | $3,507 |
| GEN DYNAMICS CP | $3,314 | $3,655 |
| GLOBAL X US INFRASTRUCTURE DEV | $1,320 | $1,585 |
| GOLDMAN SACHS GQG PARTNERS INT | $36,984 | $40,132 |
| HARTFORD SCHRODERS INTERNATION | $27,320 | $33,723 |
| HCA INC | $6,540 | $6,782 |
| HESS CORP | $645 | $868 |
| HEWLETT PACKARD ENTERPRISE CO | $5,078 | $5,315 |
| HOME DEPOT INC | $1,922 | $2,091 |
| INTERACTIVE BROKERS GROUP, INC | $1,124 | $1,245 |
| INTERNATIONAL BUSINESS MACHINE | $5,520 | $6,278 |
| INTERPUBLIC GROUP OF COS | $6,264 | $5,470 |
| INTUIT | $724 | $1,878 |
| INTUITIVE SURGICAL | $473 | $1,349 |
| ISHARES NASDAQ BIOTECHNOLOGY | $3,161 | $3,807 |
| ISHARES US AEROSPACE AND DEFEN | $16,004 | $19,436 |
| ISHARES US INFRASTRUCTURE | $724 | $729 |
| JANUS GLOBAL LIFE SCIENCES I S | $27,095 | $34,030 |
| JP MORGAN CHASE | $5,301 | $8,056 |
| KINDER MORGAN INC | $4,409 | $4,645 |
| KRAFT HEINZ CO | $6,357 | $5,757 |
| LINDE PLC COM | $946 | $1,236 |
| MAGNA INTERNATIONAL INC | $7,241 | $5,355 |
| MASTERCARD INC | $1,889 | $3,417 |
| MCDONALD'S CORP | $1,857 | $2,684 |
| MEDTRONIC PLC | $6,154 | $4,613 |
| META PLATFORMS INC | $3,980 | $5,663 |
| MICROSOFT CORP | $11,532 | $20,347 |
| NVIDIA CORP | $5,375 | $9,905 |
| O'REILLY AUTOMOTIVE INC | $764 | $1,900 |
| PACER BENCHMARK DATA & INFRAST | $1,133 | $894 |
| PACER US CASH COWS 100 ETF | $29,872 | $33,690 |
| PEPSICO INC | $5,993 | $5,944 |
| PRINCIPAL FINANCIAL GROUP | $4,561 | $5,078 |
| PROCTER GAMBLE CO | $1,218 | $1,180 |
| PROGRESSIVE CORP OHIO | $1,302 | $1,593 |
| REAL ESTATE SELECT SECTOR SPDR | $808 | $891 |
| REALTY INCOME CORP | $3,658 | $3,535 |
| S&P GLOBAL INC COM | $1,173 | $1,324 |
| SELECT SECTOR SPDR ENERGY FUND | $4,280 | $5,586 |
| SELECT SECTOR SPDR-HEALTH CARE | $11,787 | $14,932 |
| SERVICE NOW | $1,974 | $2,826 |
| SYNCHRONY FINANCIAL | $4,547 | $5,816 |
| T-MOBILE US INC | $995 | $1,127 |
| TESLA MOTORS INC | $2,181 | $2,733 |
| TEXAS INSTRUMENTS INC | $5,702 | $6,018 |
| THERMO FISHER SCIENTIFIC INC | $238 | $1,062 |
| TJX COMPANIES INC | $1,456 | $2,448 |
| TORONTO DOMINION | $4,596 | $4,636 |
| TRUIST FINANCIAL CORPORATION | $4,048 | $4,165 |
| UBER | $1,921 | $2,524 |
| UNION PACIFIC | $1,160 | $1,234 |
| UNITEDHEALTH GROUP INC | $6,815 | $7,924 |
| VANECK SEMICONDUCTOR ETF | $7,939 | $10,731 |
| VANGUARD CONSUMER STAPLES ETF | $5,933 | $7,711 |
| VANGUARD INDUSTRIALS ETF | $4,074 | $7,308 |
| VANGUARD INFORMATION TECHNOLOG | $24,905 | $40,238 |
| VANGUARD MTRL ETF | $1,335 | $1,717 |
| VANGUARD SMALL-CAP VALUE ETF | $27,068 | $32,600 |
| VICI PROPERTIES INC | $4,132 | $4,495 |
| VISA INC | $1,713 | $2,087 |
| WILLIAMS COS | $5,923 | $6,843 |
| WISDOMTREE FLOATING RATE TREAS | $59,349 | $59,223 |
| ZOETIS INC | $371 | $1,187 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $446,272 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $452,333 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL CONSULTATIONS | CategoryTxt |
| Legal Fees | $6,406 | LegalFeesAmt |
| Disbursements Charitable Prps | $6,406 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $11,053 | $11,053 | |
| Bank Charges | $11 | $11 | |
| State or Local Filing Fees | $40 | $40 | |
| D/O INSURANCE | $81 | $484 | |
| POSTAGE | $72 | $72 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $17,042 | Amt |
| Net Investment Income | $17,042 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2023 | $100 | |
| Foreign Tax Paid | $59 | $59 |