KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-10-26
- IRS object ID
- 202102999349100510
- Schema version
- 2020v4.1
- 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
- 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 | 2021-10-26T10:36:48-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | 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 | ONE HOLLOW LN STE 212 | AddressLine1Txt |
| City | LAKE SUCCESS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11042 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | 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 thorsness | PersonNm |
| Person Title | president | PersonTitleTxt |
| Phone | 8008391754 | PhoneNum |
| Signature | 2021-10-11 | 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 | 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 | 2020 | 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 | $1,440,452 | 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 | $140 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $140 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $22,868 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $22,868 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $5,747 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $531,656 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $5,747 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $22 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $22 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $28,777 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $28,777 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $8,928 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $8,928 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $19,509 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $19,509 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $1,400 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $57 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,257 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $60 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,197 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $41,094 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,626 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $20,125 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $100,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $100,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $141,094 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,626 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $120,125 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$112,317 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $9,151 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $83,408 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $99,828 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $99,828 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,173,599 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,044,862 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,340,624 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,257,007 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,144,690 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,440,452 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,257,007 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,144,690 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,257,007 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,144,690 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,257,007 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,144,690 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,257,007 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$112,317 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,144,690 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,144,690 | 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 | $531,656 | GrossSalesPriceAmt |
| Cost Or Other Basis | $525,909 | CostOrOtherBasisAmt |
| Gain Or Loss | $5,747 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $5,747 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $5,747 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $127 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $127 | SubtotalAmt |
| Tax Based On Investment Income | $127 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,000 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Total Payments And Credits | $1,000 | TotalPaymentsAndCreditsAmt |
| Overpayment | $873 | OverpaymentAmt |
| Applied To ES Tax | $200 | AppliedToESTaxAmt |
| Refund | $673 | RefundAmt |
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 | $1,257,378 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $62,633 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,320,011 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,320,011 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $19,800 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,300,211 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $65,011 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $65,011 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $127 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $127 | TotalTaxAmt |
| Distributable Before Adj | $64,884 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $64,884 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $64,884 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $120,125 | 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 | $120,125 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $120,125 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $64,884 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $21,907 | UndistributedIncomePYAmt |
| Prior Year1 | 2018 | PriorYear1Yr |
| Prior Year2 | 2017 | PriorYear2Yr |
| Prior Year3 | 2016 | PriorYear3Yr |
| Qualifying Distributions | $120,125 | QualifyingDistributionsAmt |
| Applied To Year1 | $21,907 | AppliedToYear1Amt |
| Applied To Current Year | $64,884 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $33,334 | RemainingDistriFromCorpusAmt |
| Total Corpus | $33,334 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $33,334 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $33,334 | 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 | Kenneth and Jean Watson Endowed Scholarship Fund | $50,000 |
| TRINITY CHRISTIAN COLLEGE ASSOCIATION | |||||||
| 6601 W COLLEGE DR | PALOS HEIGHTS | IL | 60463 | N/A | PC | Trinity Christian College's program in partnership with By the Hand Club for Kids | $50,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $100,000 | 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 | $140 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $22,868 | 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 Incm Part VII | OtherInvestmentIncmPartVIIGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $5,747 | 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 | CLASS ACTION LAWSUIT PROCEEDS | Desc |
| Exclusion | 01 | ExclusionCd |
| Exclusion | $22 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $28,777 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $28,777 | 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 LILLIG & THORSNESS, LTD, A DISQUALIFIED PERSON WHICH PROVIDES LEGAL SERVICES TO THE FOUNDATION. DURING THE TAXABLE YEAR ENDING DECEMBER 31, 2020, THE FOUNDATION PAID $8,928 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 THE SAME RATE OR BELOW THE RATE IT CHARGES ITS OTHER CLIENTS. | ShortExplanationTxt |
Depreciation Schedule DepreciationSchedule
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (100 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE SYSTEMS, INC | $775 | $4,001 |
| AIR PRODS & CHEM INC | $6,444 | $8,197 |
| ALPHABET INC CL A | $3,927 | $10,516 |
| AMAZON COM | $1,222 | $13,028 |
| AMERICAN BEACON AHL MNGD FUTUR | $36,799 | $37,097 |
| AMERICAN TOWER REIT INC | $979 | $2,245 |
| AMG DOUBLELINE CORE PLUS FIXED | $41,080 | $42,344 |
| AMGEN INC | $1,663 | $2,069 |
| APPLE INC | $7,091 | $18,577 |
| APPLIED MATERIALS INC | $2,028 | $1,985 |
| ARK INNOVATION ETF | $37,324 | $65,854 |
| AT&T, INC | $9,529 | $7,938 |
| BLACKROCK INC | $5,522 | $10,102 |
| BRISTOL-MYERS SQUIBB CO | $7,364 | $7,754 |
| BROADCOM INC | $7,069 | $12,698 |
| CHEVRON CORP | $3,546 | $3,547 |
| CITIGROUP INC | $10,224 | $10,914 |
| COHEN & STEERS LOW DURATION PR | $42,045 | $42,142 |
| COMMUNICAT SVS SLCT SEC SPDR E | $15,922 | $22,741 |
| CONSUMER DISCRETIONARY SELECT | $13,220 | $23,313 |
| COSTCO WHOLESALE CORPORATION | $1,433 | $3,391 |
| CROWN CASTLE INTL | $3,556 | $4,935 |
| CSX CORP | $4,802 | $6,625 |
| D R HORTON | $1,355 | $1,792 |
| DIGITAL RLTY TR INC | $3,739 | $4,464 |
| DOVER CORP | $1,643 | $3,156 |
| EATON CORP PLC | $4,330 | $4,445 |
| ECOLAB INC | $1,515 | $2,596 |
| EDWARDS LIFESCIENCES | $1,184 | $2,463 |
| ELI LILLY & CO | $3,507 | $4,221 |
| EMERSON ELECTRIC CO | $6,259 | $7,233 |
| ENTERGY CORP | $5,713 | $4,992 |
| ESTEE LAUDER COMPANIES INC | $1,509 | $3,727 |
| FACEBOOK INC | $4,895 | $8,468 |
| FIFTH THIRD BANCORP | $8,495 | $9,650 |
| FINANCIAL SELECT SECTOR SPDR F | $3,989 | $4,746 |
| FIRST TRUST DOW JONES INTERNET | $7,639 | $14,432 |
| FIRST TRUST ISE CLOUD COMPUTIN | $7,628 | $15,015 |
| GEN DYNAMICS CP | $1,703 | $1,637 |
| HARDING LOEVNER INTL EQUITY | $23,417 | $31,806 |
| HARTFORD SCHRODERS INTERNATION | $21,754 | $27,823 |
| HARTFORD WORLD BOND FUND CL I | $39,268 | $40,314 |
| HENDERSON STRATEGIC INCOME FD | $37,234 | $41,510 |
| HOME DEPOT INC | $5,509 | $6,109 |
| HONEYWELL INTL | $2,002 | $4,254 |
| INTERCONTINENTAL EXCHANGE, INC | $1,864 | $2,998 |
| INTUIT | $2,914 | $4,938 |
| INTUITIVE SURGICAL | $1,065 | $2,454 |
| ISHARES 20+ YR TREAS BD | $9,181 | $11,672 |
| ISHARES BARCLAYS 1-3 YEAR TREA | $69,844 | $71,781 |
| ISHARES BARCLAYS 3-7 YEAR TREA | $33,309 | $36,038 |
| ISHARES NASDAQ BIOTECHNOLOGY | $4,380 | $6,060 |
| JANUS GLOBAL LIFE SCIENCES I S | $34,628 | $45,001 |
| JOHN HANCOCK INTERNATIONAL COR | $25,240 | $35,784 |
| JOHNSON & JOHNSON | $5,808 | $6,138 |
| JP MORGAN CHASE | $7,881 | $10,674 |
| KINDER MORGAN INC | $11,145 | $8,380 |
| LOCKHEED MARTIN CORP | $4,362 | $4,615 |
| LORD ABBETT ULTRA SHORT BOND F | $40,099 | $40,220 |
| LOWES COMPANIES INC | $1,385 | $2,247 |
| MASTERCARD INC | $1,347 | $3,212 |
| MCDONALD'S CORP | $1,378 | $2,360 |
| MEDTRONIC PLC | $7,680 | $8,200 |
| MERCK & CO INC | $4,625 | $4,663 |
| MICROSOFT CORP | $7,861 | $14,902 |
| MODERNA, INC. | $1,259 | $836 |
| NETFLIX INC | $1,588 | $4,326 |
| NVIDIA CORP | $1,930 | $4,700 |
| O'REILLY AUTOMOTIVE INC | $2,548 | $3,168 |
| PAYPAL HOLDINGS, INC | $1,912 | $5,387 |
| PEPSICO INC | $1,687 | $2,225 |
| PIMCO INCOME FUND P CLASS | $44,482 | $43,411 |
| PROCTER GAMBLE CO | $4,319 | $4,870 |
| REAL ESTATE SELECT SECTOR SPDR | $2,321 | $2,559 |
| REALTY INCOME CORP | $6,346 | $5,595 |
| ROYAL BANK OF CANADA | $8,608 | $9,683 |
| SALESFORCE.COM | $1,625 | $4,896 |
| SELECT SECTOR SPDR-HEALTH CARE | $6,663 | $9,983 |
| SPDR GOLD SHARES | $39,392 | $45,659 |
| SPDR S&P SEMICONDUCTOR | $15,069 | $23,738 |
| TARGET CORPORATION | $2,792 | $5,825 |
| TESLA MOTORS INC | $2,386 | $2,823 |
| TEXAS INSTRUMENTS INC | $5,312 | $5,909 |
| THE COCA-COLA CO | $4,981 | $5,758 |
| THERMO FISHER SCIENTIFIC INC | $816 | $3,260 |
| TJX COMPANIES INC | $2,365 | $3,551 |
| TRUIST FINANCIAL CORPORATION | $6,626 | $7,381 |
| UNITED PARCEL SERVICE | $8,185 | $11,788 |
| UNITEDHEALTH GROUP INC | $2,500 | $3,507 |
| VANGUARD CONSUMER STAPLES ETF | $4,549 | $6,261 |
| VANGUARD INDUSTRIALS ETF | $10,472 | $14,959 |
| VANGUARD INFORMATION TECHNOLOG | $45,093 | $82,432 |
| VANGUARD MTRL ETF | $2,278 | $3,296 |
| VANGUARD SM-CAP ETF | $15,512 | $20,831 |
| VERIZON COMMUNICATIONS | $7,651 | $7,990 |
| VISA INC | $2,440 | $4,375 |
| VMWARE INC | $1,443 | $1,403 |
| WAL-MART STORES INC | $2,578 | $3,748 |
| WISDOMTREE FLOATING RATE TREAS | $42,143 | $42,143 |
| ZOETIS INC | $1,144 | $3,145 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $8,928 | LegalFeesAmt |
| Disbursements Charitable Prps | $8,928 | 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 | $10,673 | $10,673 | |
| Bank Charges | $60 | $60 | |
| Indemnification Insurance | $484 | $484 | |
| State or Local Filing Fees | $40 | $40 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Class Action Lawsuit Proceeds | Desc |
| Revenue And Expenses Per Books | $22 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $22 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $19,509 | Amt |
| Net Investment Income | $19,509 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2020 | $1,000 | |
| 990-PF Excise Tax for 2019 | $343 | |
| Foreign Tax Paid | $57 | $57 |