KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-07-08
- IRS object ID
- 202041909349100529
- Schema version
- 2019v5.1
- 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 | 2020-07-08T13:42:17-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-05-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 68.194.129.137 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520201905000002 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2020-07-08 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | BC971FC33BAF52379132A0473611089A0DAEC697 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D2746C13DFDED97F2954BEA0DC7B7E2EDF81EBF0 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-04-22 16:20:28Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,404,912 | 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 | $467 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $467 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $32,737 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $32,737 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $35,644 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $433,216 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $35,644 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $325 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $325 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $69,173 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $69,173 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $4,143 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $4,143 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $20,262 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $20,262 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $669 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $69 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,642 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $34 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,608 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $36,716 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $20,365 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,751 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $50,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $50,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $86,716 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $20,365 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $65,751 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$17,543 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $48,808 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $62,745 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $83,408 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $83,408 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,211,805 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,173,599 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,321,504 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,274,550 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,257,007 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,404,912 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,274,550 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,257,007 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,274,550 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,257,007 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,274,550 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,257,007 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,274,550 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$17,543 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,257,007 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,257,007 | 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 | $433,216 | GrossSalesPriceAmt |
| Cost Or Other Basis | $397,572 | CostOrOtherBasisAmt |
| Gain Or Loss | $35,644 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $35,644 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $35,644 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $71,805 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,366,708 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.052539 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $79,498 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,373,952 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.057861 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $79,353 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,296,558 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.061203 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $84,245 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,394,559 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.06041 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $71,390 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,470,767 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.048539 | DistributionYr5Rt |
| Total Distribution | 0.280552 | TotalDistributionRt |
| Average Distribution | 0.05611 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,356,551 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $76,116 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $488 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $76,604 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $65,751 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $976 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $976 | SubtotalAmt |
| Tax Based On Investment Income | $976 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $633 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $633 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Tax Due | $343 | TaxDueAmt |
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 | 2.0 | 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 | $1,303,240 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $73,969 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,377,209 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,377,209 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,658 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,356,551 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $67,828 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $67,828 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $976 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $976 | TotalTaxAmt |
| Distributable Before Adj | $66,852 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $66,852 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $66,852 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $65,751 | 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 | $65,751 | QualifyingDistributionsAmt |
| Adjusted Qualifying Distri | $65,751 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $66,852 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $20,806 | UndistributedIncomePYAmt |
| Prior Year1 | 2017 | PriorYear1Yr |
| Prior Year2 | 2016 | PriorYear2Yr |
| Prior Year3 | 2015 | PriorYear3Yr |
| Qualifying Distributions | $65,751 | QualifyingDistributionsAmt |
| Applied To Year1 | $20,806 | AppliedToYear1Amt |
| Applied To Current Year | $44,945 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $21,907 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $0 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $0 | 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
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRINITY CHRISTIAN COLLEGE ASSOCIATION | BusinessNameLine1Txt |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6601 W COLLEGE DR | AddressLine1Txt |
| City | PALOS HEIGHTS | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60463 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Relationship | N/A | RecipientRelationshipTxt |
| Recipient Foundation Status | PC | RecipientFoundationStatusTxt |
| Grant Or Contribution Purpose | PROGRAM IN PARTNERSHIP WITH BY THE HAND CLUB FOR KIDS | GrantOrContributionPurposeTxt |
| Amt | $50,000 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $50,000 | 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 | $467 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $32,737 | 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 | $35,644 | 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 | $325 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $69,173 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $69,173 | 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, 2019, THE FOUNDATION PAID $4,143 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 (105 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE SYSTEMS, INC | $1,062 | $3,958 |
| AIR PRODS & CHEM INC | $5,083 | $5,405 |
| ALPHABET INC CL A | $3,927 | $8,036 |
| AMAZON COM | $1,222 | $7,391 |
| AMERICAN BEACON AHL MNGD FUTUR | $22,408 | $21,829 |
| AMERICAN ELECTRIC POWER INC | $2,903 | $3,497 |
| AMERICAN TOWER REIT INC | $1,182 | $2,758 |
| AMG DOUBLELINE CORE PLUS FIXED | $43,855 | $44,333 |
| AMGEN INC | $2,032 | $2,652 |
| APPLE INC | $6,425 | $12,921 |
| AQR RISK PARITY FUND CLASS I | $24,766 | $24,272 |
| AQR STYLE PREMIA ALT FD CL I | $25,939 | $20,732 |
| AT&T, INC | $8,769 | $9,614 |
| BRISTOL-MYERS SQUIBB CO | $7,172 | $7,960 |
| BROADCOM INC | $6,303 | $7,584 |
| CATERPILLAR INC | $5,179 | $5,464 |
| CHEVRON CORP | $2,304 | $2,290 |
| CHIRON CAPITAL ALLOCATION FUND | $25,321 | $23,479 |
| CHUBB LIMITED | $5,641 | $6,849 |
| CISCO SYSTEMS INC | $9,801 | $11,414 |
| CITIGROUP INC | $8,429 | $10,226 |
| COHEN & STEERS LOW DURATION PR | $44,994 | $45,230 |
| COMMUNICAT SVS SLCT SEC SPDR E | $15,149 | $17,591 |
| CONSUMER DISCRETIONARY SELECT | $15,513 | $23,077 |
| COSTCO WHOLESALE CORPORATION | $1,787 | $4,409 |
| CROWN CASTLE INTL | $2,648 | $3,696 |
| D R HORTON | $1,301 | $1,266 |
| DAVIS FINANCIAL FD INC CL Y | $36,990 | $40,396 |
| DIGITAL RLTY TR INC | $2,856 | $3,353 |
| DOMINOS PIZZA INC | $1,202 | $1,469 |
| DOVER CORP | $1,727 | $3,343 |
| ECOLAB INC | $1,641 | $2,509 |
| EDWARDS LIFESCIENCES | $1,315 | $2,333 |
| ENTERGY CORP | $5,394 | $5,511 |
| ESTEE LAUDER COMPANIES INC | $1,305 | $2,685 |
| EXXON MOBIL CORP | $9,865 | $8,862 |
| FACEBOOK INC | $4,905 | $6,773 |
| FIFTH THIRD BANCORP | $4,348 | $4,580 |
| FINANCIAL SELECT SECTOR SPDR F | $5,310 | $6,433 |
| FIRST TRUST DOW JONES INTERNET | $8,553 | $11,547 |
| FIRST TRUST ISE CLOUD COMPUTIN | $8,425 | $11,470 |
| GEN DYNAMICS CP | $1,229 | $1,411 |
| HARDING LOEVNER INTL EQUITY | $23,841 | $26,963 |
| HARTFORD WORLD BOND FUND CL I | $42,705 | $43,434 |
| HENDERSON STRATEGIC INCOME FD | $40,482 | $43,180 |
| HOME DEPOT INC | $4,139 | $3,931 |
| HONEYWELL INTL | $1,417 | $2,832 |
| INTERCONTINENTAL EXCHANGE, INC | $2,781 | $3,887 |
| INTUIT | $3,358 | $3,929 |
| INTUITIVE SURGICAL | $1,065 | $1,773 |
| ISHARES 20+ YR TREAS BD | $11,573 | $12,600 |
| ISHARES BARCLAYS 1-3 YEAR TREA | $79,861 | $80,399 |
| ISHARES BARCLAYS 3-7 YEAR TREA | $38,988 | $39,863 |
| ISHARES NASDAQ BIOTECHNOLOGY | $6,554 | $7,110 |
| ISHARES US AEROSPACE AND DEFEN | $15,443 | $21,764 |
| JANUS GLOBAL LIFE SCIENCES I S | $18,804 | $20,445 |
| JOHN HANCOCK INTERNATIONAL COR | $23,380 | $27,622 |
| JP MORGAN CHASE | $7,085 | $11,152 |
| KINDER MORGAN INC | $4,463 | $4,594 |
| LOCKHEED MARTIN CORP | $2,779 | $3,504 |
| LORD ABBETT ULTRA SHORT BOND F | $44,741 | $44,830 |
| LOWES COMPANIES INC | $1,637 | $1,916 |
| MASTERCARD INC | $1,497 | $2,986 |
| MCDONALD'S CORP | $1,968 | $3,162 |
| MEDTRONIC PLC | $4,259 | $4,425 |
| MERCK & CO INC | $8,195 | $10,095 |
| MICROSOFT CORP | $9,952 | $15,928 |
| NETFLIX INC | $1,274 | $2,589 |
| NORTHROP GRUMMAN CORP | $2,492 | $2,408 |
| NVIDIA CORP | $2,098 | $2,824 |
| O'REILLY AUTOMOTIVE INC | $3,599 | $4,383 |
| PAYPAL HOLDINGS, INC | $2,211 | $3,353 |
| PEPSICO INC | $3,588 | $4,373 |
| PFIZER INC | $6,417 | $6,817 |
| PIMCO INCOME FUND P CLASS | $46,622 | $45,205 |
| PROCTER GAMBLE CO | $4,339 | $4,496 |
| PRUDENTIAL FINCL INC | $6,518 | $6,656 |
| REAL ESTATE SELECT SECTOR SPDR | $2,187 | $2,552 |
| ROYAL BANK OF CANADA | $4,264 | $4,435 |
| ROYAL DUTCH SHEL PLC SPONS ADR | $7,725 | $8,156 |
| SALESFORCE.COM | $1,725 | $4,066 |
| SCHRODER INTL MULTI CAP FUND | $25,622 | $24,860 |
| SELECT SECTOR SPDR-HEALTH CARE | $8,289 | $11,408 |
| TARGET CORPORATION | $4,127 | $6,539 |
| THE BLACKSTONE GROUP INC CL A | $4,278 | $4,811 |
| THE COCA-COLA CO | $4,405 | $5,535 |
| THERMO FISHER SCIENTIFIC INC | $1,400 | $3,898 |
| TJX COMPANIES INC | $2,933 | $4,396 |
| TORONTO DOMINION | $3,740 | $4,378 |
| TRUIST FINANCIAL CORPORATION | $6,794 | $7,941 |
| UNITED PARCEL SERVICE | $7,887 | $7,843 |
| UNITED TECHNOLOGIES CORP | $6,500 | $7,338 |
| UNITEDHEALTH GROUP INC | $4,178 | $4,998 |
| V F CORP | $5,484 | $5,980 |
| VANGUARD CONSUMER STAPLES ETF | $5,421 | $6,932 |
| VANGUARD INDUSTRIALS ETF | $7,497 | $9,694 |
| VANGUARD INFORMATION TECHNOLOG | $34,094 | $53,132 |
| VANGUARD MTRL ETF | $2,286 | $2,817 |
| VERIZON COMMUNICATIONS | $5,236 | $5,587 |
| VISA INC | $2,792 | $4,322 |
| VMWARE INC | $2,374 | $2,429 |
| WAL-MART STORES INC | $3,866 | $4,635 |
| WISDOMTREE FLOATING RATE TREAS | $111,883 | $111,792 |
| WISDOMTREE MIDCAP DIVIDEND F | $19,042 | $22,215 |
| ZOETIS INC | $1,265 | $2,779 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $4,143 | LegalFeesAmt |
| Disbursements Charitable Prps | $4,143 | 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 | $10,841 | $10,841 | |
| Bank Charges | $34 | $34 | |
| Indemnification Insurance | $727 | $727 | |
| 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 | $325 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $325 | NetInvestmentIncomeAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | Investment Management Services | CategoryTxt |
| Amt | $20,262 | Amt |
| Net Investment Income | $20,262 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2019 | $600 | |
| Foreign Tax Paid | $69 | $69 |