KENNETH AND JEAN WATSON FUND: Form 990PF, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- KENNETH AND JEAN WATSON FUND (EIN 45-5288107)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-17
- IRS object ID
- 202533219349108153
- Schema version
- 2024v5.2
- 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
- Investments Govt Obligations Sch
- Legal Fees Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-17T17:47:04-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | 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 | 2024-01-01 | 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 | 2025-11-17 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jeffrey D Haskell | PreparerPersonNm |
| PTIN | P01345770 | PTIN |
| Phone | 8008391754 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $1,339,541 | 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 | $326 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $326 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $33,906 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $21,830 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $118,222 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $1,036,076 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $118,222 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $152,454 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $140,378 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Legal Fees Rev And Expnss | $3,347 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,347 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $19,271 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $19,271 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $115 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $15 | TaxesNetInvstIncmAmt |
| Other Expenses Rev And Expnss | $11,789 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $11,788 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $34,522 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $19,287 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $15,135 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $34,522 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $19,287 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $15,135 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $117,932 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $121,091 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $23,461 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $16,023 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $16,023 | SavAndTempCashInvstEOYFMVAmt |
| US Government Obligations BOY | $446,272 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $424,367 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $423,110 | USGovtObligationsEOYFMVAmt |
| Corporate Stock BOY | $626,807 | CorporateStockBOYAmt |
| Corporate Stock EOY | $774,082 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $900,408 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $1,096,540 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,214,472 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $1,339,541 | TotalAssetsEOYFMVAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $1,096,540 | RetainedEarningBOYAmt |
| Retained Earning EOY | $1,214,472 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $1,096,540 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $1,214,472 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $1,096,540 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $1,214,472 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $1,096,540 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $117,932 | ExcessRevenueOverExpensesAmt |
| Subtotal | $1,214,472 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $1,214,472 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | Publicly-traded Securities | PropertyDesc |
| Gross Sales Price | $1,036,076 | GrossSalesPriceAmt |
| Cost Or Other Basis | $917,854 | CostOrOtherBasisAmt |
| Gain Or Loss | $118,222 | GainOrLossAmt |
| Gains Minus Excess Or Losses | $118,222 | GainsMinusExcessOrLossesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $118,222 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $1,683 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $1,683 | SubtotalAmt |
| Tax Based On Investment Income | $1,683 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $20 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $1,672 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $1,692 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $9 | EsPenaltyAmt |
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 | $1,291,153 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $20,534 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $1,311,687 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $1,311,687 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $19,675 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $1,292,012 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $64,601 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $64,601 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $1,683 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $1,683 | TotalTaxAmt |
| Distributable Before Adj | $62,918 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $62,918 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $62,918 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $15,135 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $15,135 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $62,918 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr3 | $51,503 | ExcessDistributionCyovYr3Amt |
| Total Excess Distribution Cyov | $51,503 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $15,135 | QualifyingDistributionsAmt |
| Applied To Current Year | $15,135 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $0 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $47,783 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $47,783 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,720 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $3,720 | ExcessDistriCyovToNextYrAmt |
| Excess From Year3 | $3,720 | ExcessFromYear3Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Foundations | PrivateOperatingFoundationsGrp |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $326 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $33,906 | 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 | $118,222 | 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 | $152,454 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $152,454 | 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, 2024, THE FOUNDATION PAID $3,347 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 (62 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| ABBVIE INC | $2,820 | $2,843 |
| ADOBE SYSTEMS, INC | $7,585 | $6,670 |
| ALPHABET INC CL A | $5,453 | $11,777 |
| AMAZON COM | $1,170 | $11,628 |
| AMERICAN EXPRESS CO | $3,271 | $4,165 |
| AMGEN INC | $8,788 | $8,263 |
| APPLE INC | $5,673 | $12,870 |
| APPLIED MATERIALS INC | $4,963 | $5,410 |
| BOEING CO | $8,355 | $7,257 |
| CHEVRON CORP | $8,250 | $8,408 |
| CISCO SYSTEMS INC | $8,733 | $10,672 |
| CORNING INC | $3,946 | $5,764 |
| COSTCO WHOLESALE CORPORATION | $4,601 | $5,645 |
| DEERE CO | $7,106 | $7,757 |
| DIREXION AUSPICE BROAD COMMODI | $50,813 | $48,257 |
| DOW INC | $4,210 | $3,059 |
| ELI LILLY & CO | $6,423 | $6,176 |
| EQUINIX, INC | $9,054 | $9,570 |
| GOLDMAN SACHS GQG PARTNERS INT | $46,464 | $48,343 |
| GOLDMAN SACHS INTL EQ INC FD I | $34,592 | $36,266 |
| HARTFORD SCHRODERS INTERNATION | $26,924 | $34,981 |
| HOME DEPOT INC | $8,191 | $8,777 |
| HONEYWELL INTL | $8,631 | $9,864 |
| INTERNATIONAL BUSINESS MACHINE | $6,926 | $10,081 |
| ISHARE SP SMALL CAP 600 INDEX | $5,064 | $5,413 |
| ISHARES CORE DIVIDEND GROWTH | $8,407 | $9,166 |
| ISHARES GOLD TR | $33,876 | $37,776 |
| ISHARES MSCI USA QUALITY FACTO | $11,665 | $12,956 |
| ISHARES TRUST RUSSELL 1000 GRO | $44,213 | $53,678 |
| ISHARES TRUST RUSSELL 1000 VAL | $38,975 | $42,081 |
| ISHARES US AEROSPACE AND DEFEN | $30,131 | $38,351 |
| JOHNSON & JOHNSON | $8,765 | $7,851 |
| JP MORGAN CHASE | $5,402 | $11,370 |
| LOCKHEED MARTIN CORP | $8,783 | $9,904 |
| MARVELL TECHNOLOGY, INC | $6,689 | $10,520 |
| MASTERCARD INC | $6,683 | $9,530 |
| MCDONALD'S CORP | $7,582 | $8,297 |
| MERCK & CO INC | $8,724 | $6,794 |
| META PLATFORMS INC | $4,502 | $9,990 |
| METLIFE INC | $8,774 | $10,291 |
| MICROSOFT CORP | $6,007 | $9,833 |
| MORGAN STANLEY | $8,801 | $12,755 |
| NETFLIX INC | $8,378 | $12,478 |
| NIKE INC-CL B | $5,854 | $4,233 |
| NVIDIA CORP | $3,455 | $3,761 |
| PACER US CASH COWS 100 ETF | $46,187 | $53,655 |
| PACER US SMALL CAP CASH COWS 1 | $34,042 | $30,941 |
| PALO ALTO NETWORKS INC | $4,067 | $4,731 |
| PEPSICO INC | $6,379 | $5,660 |
| PROCTER GAMBLE CO | $5,077 | $5,351 |
| SALESFORCE.COM | $8,595 | $9,401 |
| SERVICE NOW | $7,348 | $11,661 |
| T. ROWE PRICE GROUP | $3,544 | $3,529 |
| TARGET CORPORATION | $6,283 | $5,549 |
| THERMO FISHER SCIENTIFIC INC | $7,667 | $7,820 |
| UBER | $6,243 | $5,791 |
| VANGUARD INFORMATION TECHNOLOG | $11,088 | $20,113 |
| VANGUARD RUSSELL 1000 INDEX FU | $49,935 | $57,529 |
| VANGUARD RUSSELL 2000 ETF | $8,282 | $8,955 |
| VERIZON COMMUNICATIONS | $8,799 | $8,777 |
| WILLIAMS COS | $3,677 | $6,127 |
| ZOETIS INC | $3,197 | $3,287 |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $424,367 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $423,110 | USGovtObligationsEOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | General Consultations | CategoryTxt |
| Legal Fees | $3,347 | LegalFeesAmt |
| Disbursements Charitable Prps | $3,347 | 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 | $11,264 | $11,264 | |
| Bank Charges | $1 | $1 | |
| D/O 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 | $19,271 | Amt |
| Net Investment Income | $19,271 | NetInvestmentIncomeAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| 990-PF Extension for 2023 | $100 | |
| Foreign Tax Paid | $15 | $15 |