KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-08
- IRS object ID
- 202223129349102032
- Schema version
- 2021v4.2
- 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
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-08T15:18:09-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | 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 | 2021-01-01 | 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 W THORNESS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2022-11-02 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | WILLIAM W | PersonFirstNm |
| Person Last | THORNESS | 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 | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,391,784 | 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 | $71 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $71 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $23,229 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $23,229 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $149,912 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $624,412 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $149,912 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $173,212 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $173,212 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $7,827 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $7,827 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $21,094 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $21,094 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $862 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $62 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,679 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $60 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,619 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $41,462 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $21,216 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $19,446 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $150,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $150,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $191,462 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $21,216 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $169,446 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$18,250 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $151,996 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $99,828 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $84,826 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $84,826 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,044,862 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,041,614 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,306,958 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,144,690 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,126,440 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,391,784 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,144,690 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,126,440 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,144,690 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,126,440 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,144,690 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,126,440 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,144,690 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$18,250 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,126,440 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,126,440 | 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 | $624,412 | GrossSalesPriceAmt |
| Cost Or Other Basis | $474,500 | CostOrOtherBasisAmt |
| Gain Or Loss | $149,912 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $149,912 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $149,912 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $2,113 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $2,113 | SubtotalAmt |
| Tax Based On Investment Income | $2,113 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $1,200 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $2,200 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $87 | OverpaymentAmt |
| Applied To ES Tax | $87 | 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 | $1,364,534 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $60,979 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,425,513 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,425,513 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $21,383 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,404,130 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $70,207 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $70,207 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $2,113 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $2,113 | TotalTaxAmt |
| Distributable Before Adj | $68,094 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $68,094 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $68,094 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $169,446 | 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 | $169,446 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $68,094 | DistributableAsAdjustedAmt |
| Prior Year1 | 2019 | PriorYear1Yr |
| Prior Year2 | 2018 | PriorYear2Yr |
| Prior Year3 | 2017 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $33,334 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $33,334 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $169,446 | QualifyingDistributionsAmt |
| Applied To Current Year | $68,094 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $101,352 | RemainingDistriFromCorpusAmt |
| Total Corpus | $134,686 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $134,686 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $33,334 | ExcessFromYear1Amt |
| Excess From Current Year | $101,352 | ExcessFromCurrentYearAmt |
| 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 |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| DEPAUL UNIVERSITY | |||||||
| 1 E JACKSON BLVD | CHICAGO | IL | 60604 | N/A | PC | College of Law program | $100,000 |
| TRINITY CHRISTIAN COLLEGE ASSOCIATION | |||||||
| 6601 W COLLEGE DR | PALOS HEIGHTS | IL | 60463 | N/A | PC | By The Hand Club For Kids | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $150,000 | TotalGrantOrContriPdDurYrAmt |
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 | $71 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $23,229 | 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 | $149,912 | 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 | $173,212 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $173,212 | 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, 2021, the Foundation paid $7,827 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 (118 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE SYSTEMS, INC | $560 | $2,835 |
| AIR PRODS & CHEM INC | $1,575 | $2,434 |
| ALPHABET INC CL A | $2,310 | $8,691 |
| AMAZON COM | $917 | $10,003 |
| AMERICAN BEACON AHL MNGD FUTUR | $36,799 | $36,297 |
| AMERICAN TOWER REIT INC | $477 | $1,463 |
| AMGEN INC | $1,663 | $2,025 |
| APPLE INC | $4,829 | $14,561 |
| APPLIED MATERIALS INC | $2,384 | $3,934 |
| ARK GENOMIC REVOLUTION MULTI S | $19,955 | $14,330 |
| ARK INNOVATION ETF | $28,222 | $37,836 |
| AVALARA INC | $2,016 | $1,420 |
| BANK OF NOVA SCOTIA | $4,344 | $4,588 |
| BLACKROCK INC | $3,608 | $8,240 |
| BRISTOL-MYERS SQUIBB CO | $4,107 | $4,115 |
| BROADCOM INC | $4,485 | $12,643 |
| CHEVRON CORP | $3,546 | $4,929 |
| COHEN & STEERS LOW DURATION PR | $42,045 | $41,311 |
| COMCAST CORP | $4,056 | $3,674 |
| COMMUNICATION SVCS SLCT SCTR S | $8,829 | $14,060 |
| CONSUMER DISCRETIONARY SELECT | $7,997 | $15,129 |
| COSTCO WHOLESALE CORPORATION | $1,075 | $3,406 |
| CROWN CASTLE INTL | $2,639 | $4,592 |
| CSX CORP | $1,545 | $2,632 |
| D R HORTON | $705 | $1,518 |
| DEERE CO | $5,834 | $5,486 |
| DOVER CORP | $931 | $2,179 |
| EATON CORP PLC | $4,202 | $6,049 |
| ECOLAB INC | $757 | $1,408 |
| EDWARDS LIFESCIENCES | $833 | $2,461 |
| ELI LILLY & CO | $1,235 | $2,486 |
| EMERSON ELECTRIC CO | $3,896 | $5,113 |
| ENTERGY CORP | $6,622 | $6,534 |
| ESTEE LAUDER COMPANIES INC | $704 | $2,221 |
| EXXON MOBIL CORP | $5,803 | $5,691 |
| FIFTH THIRD BANCORP | $3,872 | $7,926 |
| FINANCIAL SELECT SECTOR SPDR F | $5,735 | $7,420 |
| FIRST REPUBLIC BANK | $1,262 | $1,239 |
| FIRST TRUST DOW JONES INTERNET | $5,265 | $9,271 |
| FIRST TRUST ISE CLOUD COMPUTIN | $4,599 | $8,971 |
| FORTIVE CORPORATION | $913 | $992 |
| GENERAC HOLDING INC | $1,767 | $1,408 |
| GENERAL ELECTRIC CO | $5,056 | $5,007 |
| GLOBAL X US INFRASTRUCTURE DEV | $2,101 | $2,102 |
| GOLDMAN SACHS S/M CAP GTH - IS | $37,580 | $36,399 |
| HARDING LOEVNER INTL EQUITY | $19,568 | $28,134 |
| HARTFORD SCHRODERS INTERNATION | $20,535 | $28,688 |
| HARTFORD WORLD BOND FUND CL I | $39,268 | $39,257 |
| HENDERSON STRATEGIC INCOME FD | $37,234 | $40,601 |
| HEWLETT PACKARD ENTERPRISE CO | $4,317 | $4,857 |
| HOME DEPOT INC | $4,819 | $8,300 |
| HONEYWELL INTL | $1,723 | $2,502 |
| IDEXX CORP | $2,037 | $2,634 |
| INTERCONTINENTAL EXCHANGE, INC | $1,635 | $3,009 |
| INTUIT | $1,139 | $3,216 |
| INTUITIVE SURGICAL | $710 | $2,156 |
| ISHARES BARCLAYS 1-3 YEAR TREA | $44,927 | $45,764 |
| ISHARES DJ US RBIF | $1,616 | $1,544 |
| ISHARES NASDAQ BIOTECHNOLOGY | $3,693 | $5,189 |
| JANUS GLOBAL LIFE SCIENCES I S | $32,677 | $41,249 |
| JOHN HANCOCK INTERNATIONAL COR | $31,675 | $38,523 |
| JOHNSON & JOHNSON | $3,872 | $4,448 |
| JP MORGAN CHASE | $4,562 | $6,967 |
| KINDER MORGAN INC | $4,987 | $4,948 |
| LOWES COMPANIES INC | $1,443 | $3,102 |
| MAGNA INTERNATIONAL INC | $4,730 | $4,047 |
| MASTERCARD INC | $1,047 | $2,515 |
| MCDONALD'S CORP | $1,142 | $2,413 |
| MEDTRONIC PLC | $7,576 | $7,035 |
| META PLATFORMS INC | $2,755 | $4,709 |
| MICROSOFT CORP | $7,762 | $20,852 |
| NETFLIX INC | $1,269 | $3,615 |
| NUTRIEN LTD | $6,475 | $8,347 |
| NVIDIA CORP | $1,930 | $10,588 |
| O'REILLY AUTOMOTIVE INC | $1,496 | $2,825 |
| PACER BENCHMARK DATA & INFRAST | $1,661 | $1,861 |
| PACIFIC FUNDS STRATEGIC INCOME | $40,180 | $40,145 |
| PAYPAL HOLDINGS, INC | $1,112 | $2,263 |
| PEPSICO INC | $1,992 | $2,432 |
| PIMCO INCOME FUND P CLASS | $44,482 | $42,803 |
| PROCTER GAMBLE CO | $2,017 | $2,617 |
| PROSHARES ONLINE RETAIL | $2,246 | $1,588 |
| REAL ESTATE SELECT SECTOR SPDR | $1,748 | $1,865 |
| REALTY INCOME CORP | $7,768 | $7,946 |
| ROKU INC | $1,941 | $1,141 |
| SALESFORCE.COM | $1,115 | $3,558 |
| SEAGATE TECHNOLOGY HOLDINGS PL | $4,773 | $7,231 |
| SELECT SECTOR SPDR ENERGY FUND | $3,068 | $3,219 |
| SELECT SECTOR SPDR-HEALTH CARE | $8,354 | $12,821 |
| SERVICE NOW | $2,631 | $3,246 |
| SHENKMAN SHORT DURATION HIGH I | $46,036 | $46,036 |
| SPDR S&P SEMICONDUCTOR | $9,617 | $21,640 |
| SPDR S&P TRANSPORTATION | $1,524 | $1,510 |
| SYNCHRONY FINANCIAL | $5,464 | $5,288 |
| TARGET CORPORATION | $774 | $2,083 |
| TESLA MOTORS INC | $1,791 | $3,170 |
| TEXAS INSTRUMENTS INC | $5,228 | $6,408 |
| THE HARTFORD FLOATING RATE FUN | $45,813 | $45,758 |
| THERMO FISHER SCIENTIFIC INC | $583 | $3,336 |
| TJX COMPANIES INC | $1,953 | $3,037 |
| TORONTO DOMINION | $4,466 | $4,601 |
| TRANSAMERICA SHORT TERM BOND I | $41,568 | $41,161 |
| TRUIST FINANCIAL CORPORATION | $4,977 | $6,909 |
| UBER | $2,086 | $1,635 |
| UNITED PARCEL SERVICE | $2,939 | $5,573 |
| UNITEDHEALTH GROUP INC | $9,804 | $13,558 |
| VANGUARD CONSUMER STAPLES ETF | $3,178 | $4,997 |
| VANGUARD INDUSTRIALS ETF | $4,957 | $8,321 |
| VANGUARD INFORMATION TECHNOLOG | $35,151 | $75,597 |
| VANGUARD MTRL ETF | $2,943 | $4,725 |
| VANGUARD SHORT TERM CORPORATE | $46,263 | $45,262 |
| VANGUARD SM-CAP ETF | $32,402 | $41,134 |
| VERIZON COMMUNICATIONS | $5,484 | $5,144 |
| VICI PROPERTIES INC | $5,795 | $6,293 |
| VISA INC | $1,150 | $1,950 |
| WAL-MART STORES INC | $1,588 | $2,315 |
| WILLIAMS COS | $4,296 | $4,010 |
| ZOETIS INC | $422 | $1,708 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $7,827 | LegalFeesAmt |
| Disbursements Charitable Prps | $7,827 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| Administrative Fees | $11,095 | $11,095 | |
| Bank Charges | $60 | $60 | |
| Indemnification Insurance | $484 | $484 | |
| State or Local Filing Fees | $40 | $40 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $21,094 | Amt |
| Net Investment Income | $21,094 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2021 | $800 | |
| Foreign Tax Paid | $62 | $62 |