KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-11-12
- IRS object ID
- 202333169349100013
- Schema version
- 2022v5.0
- 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 Income Schedule2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-11-12T16:01:42-06:00 | ReturnTs |
| Tax Period End | 2022-12-31 | 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 | 2022-01-01 | 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 | 2023-10-26 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | William | PersonFirstNm |
| Person Last | Thorsness | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | TrustedCustomerGrp |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,146,743 | 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 | $192 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $192 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $21,607 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $21,866 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$31,417 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,116,737 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $673 | OtherIncomeRevAndExpnssAmt |
| Total Rev And Expnss | -$8,945 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $22,058 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $5,183 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,183 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $18,161 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $18,161 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $1,522 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $322 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $10,764 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $10,764 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $35,630 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $18,483 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,947 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $35,630 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $18,483 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,947 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$44,575 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $3,575 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $84,826 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $28,443 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $28,443 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $2,798 | AcctRcvblAmt |
| Acct Rcvbl EOY | $2,798 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $2,798 | AcctRcvblEOYFMVAmt |
| US Government Obligations EOY | $431,977 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $442,618 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $1,041,614 | CorporateStockBOYAmt |
| Corporate Stock EOY | $618,647 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $672,884 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,126,440 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,081,865 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,146,743 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,126,440 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,081,865 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,126,440 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,081,865 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,126,440 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,081,865 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,126,440 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$44,575 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,081,865 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,081,865 | 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 | $1,116,737 | GrossSalesPriceAmt |
| Cost Or Other Basis | $1,148,154 | CostOrOtherBasisAmt |
| Gain Or Loss | -$31,417 | GainOrLossAmt |
| Gains Minus Excess Or Losses | -$31,417 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$31,417 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $50 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $50 | SubtotalAmt |
| Tax Based On Investment Income | $50 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $87 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $87 | TotalPaymentsAndCreditsAmt |
| Overpayment | $37 | OverpaymentAmt |
| Applied To ES Tax | $37 | 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 | $1,122,642 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $72,290 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,194,932 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,194,932 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $17,924 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,177,008 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $58,850 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $58,850 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $50 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $50 | TotalTaxAmt |
| Distributable Before Adj | $58,800 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $58,800 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $58,800 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,947 | 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 | $15,947 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $58,800 | DistributableAsAdjustedAmt |
| Prior Year1 | 2020 | PriorYear1Yr |
| Prior Year2 | 2019 | PriorYear2Yr |
| Prior Year3 | 2018 | PriorYear3Yr |
| Excess Distribution Cyov Yr2 | $33,334 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $101,352 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $134,686 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,947 | QualifyingDistributionsAmt |
| Applied To Current Year | $15,947 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $42,853 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $42,853 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $91,833 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $91,833 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $91,833 | ExcessFromYear1Amt |
| 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 | $192 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $21,607 | 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 | -$31,417 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal Tax Refund | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $673 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | -$8,945 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$8,945 | 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 | *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, 2022, THE FOUNDATION PAID $5,183 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 (101 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ALPHABET INC CL A | $4,975 | $6,529 |
| AMAZON COM | $1,353 | $5,460 |
| AMERICAN EXPRESS CO | $7,173 | $6,093 |
| AMERICAN TOWER REIT INC | $492 | $1,073 |
| AMGEN INC | $1,698 | $2,399 |
| ANALOG DEVICES INC | $1,487 | $1,476 |
| APPLE INC | $6,717 | $11,597 |
| APPLIED MATERIALS INC | $2,720 | $2,747 |
| ARK GENOMIC REVOLUTION MULTI S | $17,888 | $8,046 |
| ARK INNOVATION ETF | $14,439 | $7,435 |
| BLACKROCK INC | $4,387 | $5,743 |
| BRISTOL-MYERS SQUIBB CO | $1,721 | $1,919 |
| BROADCOM INC | $4,116 | $9,179 |
| CHENIERE ENERGY INC | $1,528 | $1,505 |
| CHEVRON CORP | $1,949 | $4,048 |
| COHEN & STEERS REAL ASSETS FDS | $29,226 | $30,310 |
| COMCAST CORP | $5,166 | $3,574 |
| COMMUNICATION SVCS SLCT SCTR S | $7,181 | $6,912 |
| CONSUMER DISCRETIONARY SELECT | $8,156 | $8,982 |
| COSTCO WHOLESALE CORPORATION | $966 | $2,291 |
| CROWN CASTLE INTL | $4,542 | $4,473 |
| CSX CORP | $3,119 | $3,655 |
| CVS CAREMARK CORP | $1,015 | $932 |
| DEERE CO | $1,835 | $2,157 |
| EATON CORP PLC | $3,096 | $3,652 |
| EDWARDS LIFESCIENCES | $907 | $1,492 |
| ELI LILLY & CO | $2,630 | $4,419 |
| EMERSON ELECTRIC CO | $1,957 | $2,642 |
| ENTERGY CORP | $4,280 | $4,397 |
| EPAM SYSTEMS INC | $1,400 | $1,311 |
| EXXON MOBIL CORP | $3,246 | $5,316 |
| FIDELITY MSCI UTILITIES INDEX | $2,334 | $2,437 |
| FIFTH THIRD BANCORP | $3,904 | $5,263 |
| FINANCIAL SELECT SECTOR SPDR F | $5,353 | $5,877 |
| FIRST TRUST ISE CLOUD COMPUTIN | $5,548 | $5,132 |
| GARTNER INC | $1,013 | $1,008 |
| GEN DYNAMICS CP | $6,124 | $6,532 |
| GLOBAL X US INFRASTRUCTURE DEV | $2,078 | $1,914 |
| GOLDMAN SACHS GQG PARTNERS INT | $38,913 | $35,441 |
| HARTFORD SCHRODERS INTERNATION | $20,850 | $23,310 |
| HESS CORP | $760 | $1,007 |
| HEWLETT PACKARD ENTERPRISE CO | $5,008 | $5,626 |
| HOME DEPOT INC | $3,274 | $3,525 |
| HONEYWELL INTL | $1,482 | $1,954 |
| INTERACTIVE BROKERS GROUP, INC | $1,314 | $1,302 |
| INTERCONTINENTAL EXCHANGE, INC | $1,510 | $1,975 |
| INTUIT | $933 | $1,562 |
| INTUITIVE SURGICAL | $473 | $1,061 |
| ISHARES DJ US RBIF | $1,121 | $832 |
| ISHARES NASDAQ BIOTECHNOLOGY | $2,958 | $3,554 |
| ISHARES US AEROSPACE AND DEFEN | $15,168 | $16,381 |
| JANUS GLOBAL LIFE SCIENCES I S | $29,194 | $35,836 |
| JOHNSON & JOHNSON | $4,596 | $5,194 |
| JP MORGAN CHASE | $3,217 | $4,374 |
| KINDER MORGAN INC | $4,140 | $4,527 |
| KRAFT HEINZ CO | $893 | $896 |
| LULULEMON ATHLETICA INC | $1,409 | $1,282 |
| MAGNA INTERNATIONAL INC | $5,456 | $3,471 |
| MASTERCARD INC | $754 | $1,746 |
| MCDONALD'S CORP | $1,061 | $2,147 |
| MEDTRONIC PLC | $7,520 | $5,295 |
| MICROSOFT CORP | $13,563 | $18,322 |
| NUTRIEN LTD | $3,584 | $3,982 |
| NVIDIA CORP | $942 | $877 |
| O'REILLY AUTOMOTIVE INC | $764 | $1,688 |
| PACER BENCHMARK DATA & INFRAST | $1,871 | $1,443 |
| PACER US CASH COWS 100 ETF | $14,343 | $14,985 |
| PEPSICO INC | $6,488 | $7,081 |
| PRINCIPAL FINANCIAL GROUP | $6,562 | $7,803 |
| PROCTER GAMBLE CO | $4,497 | $4,746 |
| PROGRESSIVE CORP OHIO | $1,155 | $1,167 |
| REAL ESTATE SELECT SECTOR SPDR | $3,042 | $2,572 |
| REALTY INCOME CORP | $6,456 | $6,015 |
| SELECT SECTOR SPDR ENERGY FUND | $3,687 | $5,335 |
| SELECT SECTOR SPDR-HEALTH CARE | $8,862 | $12,109 |
| SERVICE NOW | $3,026 | $2,330 |
| SPDR S&P SEMICONDUCTOR | $8,582 | $13,268 |
| SPDR S&P TRANSPORTATION | $1,228 | $882 |
| SYNCHRONY FINANCIAL | $3,179 | $3,555 |
| T-MOBILE US INC | $1,132 | $1,120 |
| TARGET CORPORATION | $1,647 | $1,077 |
| TEXAS INSTRUMENTS INC | $5,012 | $5,358 |
| THERMO FISHER SCIENTIFIC INC | $470 | $2,206 |
| TJX COMPANIES INC | $1,395 | $2,094 |
| TORONTO DOMINION | $2,186 | $1,935 |
| TRUIST FINANCIAL CORPORATION | $3,477 | $3,557 |
| UNITED PARCEL SERVICE | $1,607 | $2,475 |
| UNITEDHEALTH GROUP INC | $7,489 | $9,652 |
| VANECK SEMICONDUCTOR ETF | $7,515 | $6,161 |
| VANGUARD CONSUMER STAPLES ETF | $5,590 | $7,403 |
| VANGUARD INDUSTRIALS ETF | $4,025 | $6,108 |
| VANGUARD INFORMATION TECHNOLOG | $31,121 | $36,358 |
| VANGUARD MTRL ETF | $1,571 | $1,929 |
| VANGUARD SMALL-CAP VALUE ETF | $29,099 | $30,966 |
| VERIZON COMMUNICATIONS | $6,784 | $5,259 |
| VICI PROPERTIES INC | $3,787 | $4,214 |
| VISA INC | $2,274 | $2,920 |
| WESTLAKE CHEMICAL CORP | $698 | $518 |
| WILLIAMS COS | $2,853 | $3,347 |
| WISDOMTREE FLOATING RATE TREAS | $76,935 | $76,812 |
| ZOETIS INC | $426 | $1,030 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| State Local Sec Book Vl EOY | $431,977 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $442,618 | StateLocalSecEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $5,183 | LegalFeesAmt |
| Disbursements Charitable Prps | $5,183 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| Administrative Fees | $10,724 | $10,724 |
| State or Local Filing Fees | $40 | $40 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Federal Tax Refund | Desc |
| Revenue And Expenses Per Books | $673 | RevenueAndExpensesPerBooksAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $18,161 | Amt |
| Net Investment Income | $18,161 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Extension for 2021 | $1,200 | |
| Foreign Tax Paid | $322 | $322 |