KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-04-23
- IRS object ID
- 201901139349100115
- Schema version
- 2018v3.1
- 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 Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-23T14:19:14-05:00 | ReturnTs |
| Tax Period End | 2018-12-31 | 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 | 2018-01-01 | 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 | 2019-04-01 | 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 | 24.187.244.114 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Original Submission Id | 06391520191135000028 | FederalOriginalSubmissionId |
| Federal Original Submission Id | 2019-04-23 | FederalOriginalSubmissionIdDt |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 54CCAE8F7BC02385263C2CCCA723B6609AD4C170 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 0C5E5A4654C1C37B4810F575F1A1D05F0CA21AED | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,282,316 | 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 | $262 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $262 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $35,354 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $35,354 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $82,049 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $738,665 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $82,049 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $117,665 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $117,665 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $10,958 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $10,958 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $20,850 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $20,850 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $1,420 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $64 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,856 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $42 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,814 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $45,084 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $20,956 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $22,772 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $50,000 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $50,000 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $95,084 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $20,956 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $72,772 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $22,581 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $96,709 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $50,542 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $62,745 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $62,745 | SavAndTempCashInvstEOYFMVAmt |
| Corporate Stock BOY | $1,201,427 | CorporateStockBOYAmt |
| Corporate Stock EOY | $1,211,805 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $1,219,571 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,251,969 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,274,550 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,282,316 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
| Retained Earning BOY | $1,251,969 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,274,550 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,251,969 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,274,550 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,251,969 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,274,550 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,251,969 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $22,581 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,274,550 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,274,550 | 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 | $738,665 | GrossSalesPriceAmt |
| Cost Or Other Basis | $656,616 | CostOrOtherBasisAmt |
| Gain Or Loss | $82,049 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $82,049 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $82,049 | CapitalGainNetIncomeAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | false | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $79,498 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $1,373,952 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 0.057861 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $79,353 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $1,296,558 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 0.061203 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $84,245 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $1,394,559 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 0.06041 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $71,390 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $1,470,767 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 0.048539 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $21,900 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $1,413,986 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 0.015488 | DistributionYr5Rt |
| Total Distribution | 0.243501 | TotalDistributionRt |
| Average Distribution | 0.0487 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $1,366,708 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $66,559 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $967 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $67,526 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $72,772 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $967 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $967 | SubtotalAmt |
| Tax Based On Investment Income | $967 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $1,000 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $1,000 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Overpayment | $33 | OverpaymentAmt |
| Applied To ES Tax | $33 | 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 | 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 | $1,343,743 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $43,778 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,387,521 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,387,521 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $20,813 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,366,708 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $68,335 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $68,335 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $967 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $967 | TotalTaxAmt |
| Distributable Before Adj | $67,368 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $67,368 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $67,368 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $72,772 | 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 | $72,772 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $967 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $71,805 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $67,368 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $26,210 | UndistributedIncomePYAmt |
| Prior Year1 | 2016 | PriorYear1Yr |
| Prior Year2 | 2015 | PriorYear2Yr |
| Prior Year3 | 2014 | PriorYear3Yr |
| Qualifying Distributions | $72,772 | QualifyingDistributionsAmt |
| Applied To Year1 | $26,210 | AppliedToYear1Amt |
| Applied To Current Year | $46,562 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Total Corpus | $0 | TotalCorpusAmt |
| Undistributed Income CY | $20,806 | 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 | $262 | ExclusionAmt |
Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $35,354 | 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 | $82,049 | 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 | $117,665 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $117,665 | 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, 2018, the Foundation paid $10,958 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 (106 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ADOBE SYSTEMS, INC | $789 | $2,489 |
| AIR PRODS & CHEM INC | $5,666 | $5,442 |
| ALIGN TECHNOLOGY, INC | $1,398 | $1,675 |
| ALPHABET INC CL A | $2,694 | $5,225 |
| AMAZON COM | $1,222 | $6,008 |
| AMERICAN BEACON AHL MNGD FUTUR | $25,322 | $25,661 |
| AMERICAN ELECTRIC POWER INC | $5,212 | $5,904 |
| AMERICAN TOWER REIT INC | $2,796 | $4,429 |
| AMG DOUBLELINE CORE PLUS FIXED | $47,888 | $46,371 |
| AMGEN INC | $4,242 | $4,477 |
| APPLE INC | $4,299 | $5,521 |
| AQR RISK PARITY FUND CLASS I | $25,939 | $22,378 |
| AQR STYLE PREMIA ALT FD CL I | $25,939 | $22,946 |
| ASTRAZENECA | $4,863 | $5,507 |
| AT&T, INC | $5,704 | $4,395 |
| BB&T CP | $5,914 | $4,722 |
| BOEING CO | $7,348 | $6,773 |
| BOOKING HOLDINGS INC | $3,742 | $3,445 |
| BROADCOM INC | $4,104 | $4,068 |
| CARMAX INC | $1,492 | $1,255 |
| CARNIVAL CORP | $4,095 | $3,648 |
| CHEVRON CORP | $4,184 | $3,808 |
| CHIRON CAPITAL ALLOCATION FUND | $25,321 | $21,402 |
| CHUBB LIMITED | $3,599 | $3,617 |
| CISCO SYSTEMS INC | $8,549 | $9,576 |
| CME GROUP, INC | $5,670 | $8,842 |
| COHEN & STEERS LOW DURATION PR | $71,167 | $67,170 |
| COMMUNICAT SVS SLCT SEC SPDR E | $15,278 | $13,870 |
| CONSTELLATION BRANDS INC | $3,146 | $2,573 |
| CONSUMER DISCRETIONARY SELECT | $11,863 | $16,139 |
| COSTCO WHOLESALE CORPORATION | $2,145 | $3,667 |
| CROWN CASTLE INTL | $7,319 | $7,604 |
| CSX CORP | $1,977 | $2,237 |
| DAVIS FINANCIAL FD INC CL Y | $36,990 | $34,476 |
| DELAWARE DIVERSIFIED INCOME FD | $50,623 | $46,059 |
| DIGITAL RLTY TR INC | $5,548 | $5,860 |
| DOMINOS PIZZA INC | $1,202 | $1,240 |
| DOVER CORP | $1,836 | $2,199 |
| DUKE ENERGY CO | $4,144 | $4,315 |
| ECOLAB INC | $2,399 | $2,800 |
| EDWARDS LIFESCIENCES | $2,499 | $2,910 |
| ELECTRONIC ARTS | $2,500 | $1,499 |
| ESTEE LAUDER COMPANIES INC | $1,965 | $2,602 |
| EXELON CORPORATION | $4,114 | $4,600 |
| EXXON MOBIL CORP | $6,103 | $5,114 |
| FACEBOOK INC | $1,530 | $2,097 |
| FINANCIAL SELECT SECTOR SPDR F | $7,036 | $6,693 |
| FIRST TRUST DOW JONES INTERNET | $6,869 | $8,750 |
| FIRST TRUST ISE CLOUD COMPUTIN | $7,290 | $8,773 |
| GEN DYNAMICS CP | $2,751 | $2,987 |
| GOLDMAN SACHS TREASURYACCESS 0 | $45,659 | $45,623 |
| HARDING LOEVNER INTL EQUITY | $23,841 | $21,876 |
| HARTFORD WORLD BOND FUND CL I | $45,395 | $45,778 |
| HENDERSON STRATEGIC INCOME FD | $45,180 | $45,615 |
| HONEYWELL INTL | $2,299 | $3,435 |
| INTERCONTINENTAL EXCHANGE, INC | $2,474 | $3,013 |
| INTUIT | $3,077 | $2,756 |
| INTUITIVE SURGICAL | $1,775 | $2,395 |
| INVESCO CORE BOND PLUS FUND CL | $48,487 | $45,756 |
| ISHARES NASDAQ BIOTECHNOLOGY | $6,598 | $5,689 |
| ISHARES US AEROSPACE AND DEFEN | $16,703 | $18,323 |
| JANUS GLOBAL LIFE SCIENCES I S | $18,804 | $16,826 |
| JOHN HANCOCK INTERNATIONAL COR | $23,380 | $21,754 |
| JOHNSON & JOHNSON | $5,972 | $5,549 |
| JP MORGAN CHASE | $8,135 | $9,372 |
| LOCKHEED MARTIN CORP | $5,923 | $5,499 |
| LORD ABBETT ULTRA SHORT BOND F | $69,942 | $69,803 |
| LOWES COMPANIES INC | $2,556 | $2,309 |
| MASTERCARD INC | $2,847 | $3,584 |
| MCDONALD'S CORP | $4,211 | $6,215 |
| MERCK & CO INC | $6,565 | $8,099 |
| MICROSOFT CORP | $5,527 | $6,094 |
| NETFLIX INC | $1,274 | $2,141 |
| NVIDIA CORP | $567 | $1,202 |
| PAYPAL HOLDINGS, INC | $3,034 | $3,616 |
| PEPSICO INC | $7,113 | $7,181 |
| PFIZER INC | $5,502 | $6,897 |
| PIMCO INCOME FUND P CLASS | $48,821 | $46,432 |
| PROGRESSIVE CORP OHIO | $2,148 | $2,413 |
| REAL ESTATE SELECT SECTOR SPDR | $3,991 | $3,720 |
| ROYAL DUTCH SHEL PLC SPONS ADR | $6,987 | $7,852 |
| SALESFORCE.COM | $1,409 | $3,150 |
| SCHRODER INTL MULTI CAP FUND | $25,622 | $21,690 |
| SELECT SECTOR SPDR-HEALTH CARE | $10,323 | $12,284 |
| SIMON PPTY GROUP INC | $3,979 | $4,200 |
| SVB FINANCIAL GROUP | $2,257 | $1,329 |
| SYSCO CORP | $4,454 | $4,449 |
| TARGET CORPORATION | $5,873 | $4,957 |
| THE COCA-COLA CO | $6,605 | $7,103 |
| THERMO FISHER SCIENTIFIC INC | $1,400 | $2,685 |
| TJX COMPANIES INC | $1,719 | $2,237 |
| TORONTO DOMINION | $6,795 | $7,309 |
| UNITED TECHNOLOGIES CORP | $6,500 | $5,218 |
| UNITEDHEALTH GROUP INC | $3,942 | $3,986 |
| VANGUARD CONSUMER STAPLES ETF | $8,537 | $8,920 |
| VANGUARD INDUSTRIALS ETF | $13,735 | $14,570 |
| VANGUARD INFORMATION TECHNOLOG | $30,686 | $35,034 |
| VANGUARD MTRL ETF | $2,286 | $2,327 |
| VERIZON COMMUNICATIONS | $4,868 | $5,791 |
| VISA INC | $2,792 | $3,035 |
| VMWARE INC | $2,374 | $2,194 |
| WAL-MART STORES INC | $4,160 | $3,912 |
| WELLS FARGO & CO | $2,659 | $2,074 |
| WISDOMTREE FLOATING RATE TREAS | $66,182 | $66,161 |
| WISDOMTREE MIDCAP DIVIDEND F | $19,042 | $18,472 |
| ZOETIS INC | $2,534 | $3,849 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $10,958 | LegalFeesAmt |
| Disbursements Charitable Prps | $10,958 | 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 | $11,047 | $11,047 | |
| Bank Charges | $42 | $42 | |
| Indemnification Insurance | $727 | $727 | |
| 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 | $20,850 | Amt |
| Net Investment Income | $20,850 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Estimated Tax for 2018 | $1,000 | |
| 990-PF Extension for 2017 | $356 | |
| Foreign Tax Paid | $64 | $64 |