Harold And Geraldine Watson Foundation
Harold And Geraldine Watson Foundation: Consistent Spending, Declining Assets
EIN: 223016229 · Merrimack, NH · Updated: 2026-04-04
Is Harold And Geraldine Watson Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Harold And Geraldine Watson Foundation
Harold And Geraldine Watson Foundation (EIN: 223016229) is a nonprofit organization based in Merrimack, NH. The organization reported total revenue of $4K and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harold And Geraldine Watson Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Harold And Geraldine Watson Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Harold And Geraldine Watson Foundation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, as the foundation operates with minimal expenses primarily categorized as administrative.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Harold And Geraldine Watson Foundation's IRS 990 filings:
- Zero program service expenses reported across all years, raising questions about direct charitable impact.
- Assets have steadily declined from $188,986 in 2014 to $150,769 in 2023.
- The foundation's purpose and activities are unclear given the lack of program spending.
Strengths
The following positive indicators were identified for Harold And Geraldine Watson Foundation:
- Consistent administrative spending, suggesting stable operational overhead.
- No reported liabilities, indicating financial stability in that regard.
Frequently Asked Questions about Harold And Geraldine Watson Foundation
Is Harold And Geraldine Watson Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Harold And Geraldine Watson Foundation (EIN: 223016229) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Harold And Geraldine Watson Foundation spend its money?
Detailed spending breakdown data is not yet available for Harold And Geraldine Watson Foundation. Check back for updated IRS 990 analysis.
Are donations to Harold And Geraldine Watson Foundation tax-deductible?
Harold And Geraldine Watson Foundation is registered as a tax-exempt nonprofit (EIN: 223016229). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Harold And Geraldine Watson Foundation do?
Harold And Geraldine Watson Foundation is a nonprofit organization in the Unknown sector, located in Merrimack, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Harold And Geraldine Watson Foundation have?
Harold And Geraldine Watson Foundation reported total revenue of $4,233. Based on 10 IRS 990 filings on record.
What are Harold And Geraldine Watson Foundation's total assets?
Harold And Geraldine Watson Foundation holds total assets of $154,055 as reported in IRS 990 filings.
Where is Harold And Geraldine Watson Foundation located?
Harold And Geraldine Watson Foundation is based in Merrimack, New Hampshire.
What is Harold And Geraldine Watson Foundation's EIN?
Harold And Geraldine Watson Foundation's Employer Identification Number (EIN) is 223016229. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Harold And Geraldine Watson Foundation?
Harold And Geraldine Watson Foundation is classified under NTEE code Unknown (Unknown).
Is Harold And Geraldine Watson Foundation a registered 501(c)(3)?
Harold And Geraldine Watson Foundation appears in IRS records (EIN: 223016229). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Harold And Geraldine Watson Foundation file IRS Form 990?
Yes, Harold And Geraldine Watson Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Harold And Geraldine Watson Foundation's revenue in 2023?
In the 202312 filing period, Harold And Geraldine Watson Foundation reported total revenue of $5,239, total expenses of $8,809, and net assets of $150,769.
Is Harold And Geraldine Watson Foundation's revenue growing or declining?
Harold And Geraldine Watson Foundation's revenue is declining. Revenue went from $10,531 (202212) to $5,239 (202312), a -50.3% change. Based on 10 filings on record.
What is Harold And Geraldine Watson Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Harold And Geraldine Watson Foundation covers tax period 202312. It shows revenue of $5,239, expenses of $8,809, total assets of $150,769, and liabilities of $1.
Is Harold And Geraldine Watson Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Harold And Geraldine Watson Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Harold And Geraldine Watson Foundation?
The following concerns were identified: Zero program service expenses reported across all years, raising questions about direct charitable impact.. Assets have steadily declined from $188,986 in 2014 to $150,769 in 2023.. The foundation's purpose and activities are unclear given the lack of program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Harold And Geraldine Watson Foundation's strengths?
Positive indicators for Harold And Geraldine Watson Foundation include: Consistent administrative spending, suggesting stable operational overhead.. No reported liabilities, indicating financial stability in that regard.. These findings are derived from AI analysis of the organization's financial filings.
How does Harold And Geraldine Watson Foundation compensate executives?
Executive compensation is not reported in the available filings, as the foundation operates with minimal expenses primarily categorized as administrative. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the actual charitable mechanism or purpose of the Harold And Geraldine Watson Foundation?
Based on the available filings, the foundation does not appear to engage in direct program services. Its primary activity, as reflected in expenses, is administrative. Without further information, its charitable mechanism is unclear.
What is the nature of the 'administrative expenses' that consistently account for 100% of the foundation's expenditures, and who benefits from these expenses?
The filings do not provide a detailed breakdown of the administrative expenses. These could include legal fees, accounting services, investment management fees, or other operational costs. The beneficiaries of these expenses are the service providers to the foundation.
Filing History
IRS 990 filing history for Harold And Geraldine Watson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Harold And Geraldine Watson Foundation's revenue has grown by 523800%, moving from $1 to $5K. Total assets increased by 15076800% over the same period, from $1 to $151K. In its most recent filing year (2023), Harold And Geraldine Watson Foundation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $151K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $151K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $9K | $151K | $1 | — | — |
| 2022 | $11K | $9K | $154K | $1 | — | — |
| 2021 | $5K | $9K | $153K | $1 | — | — |
| 2020 | $2K | $9K | $157K | $1 | — | — |
| 2019 | $1K | $7K | $163K | $1 | — | View 990 |
| 2015 | $612 | $7K | $183K | $1 | — | View 990 |
| 2014 | $200K | $11K | $189K | $1 | — | View 990 |
| 2013 | $1 | $0 | $1 | $1 | — | View 990 |
| 2012 | $1 | $0 | $1 | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $9K, and assets of $151K (revenue -50.3% year-over-year).
- 2022: Revenue of $11K, expenses of $9K, and assets of $154K (revenue +96.5% year-over-year).
- 2021: Revenue of $5K, expenses of $9K, and assets of $153K (revenue +116.7% year-over-year).
- 2020: Revenue of $2K, expenses of $9K, and assets of $157K (revenue +124.4% year-over-year).
- 2019: Revenue of $1K, expenses of $7K, and assets of $163K (revenue +80.1% year-over-year).
- 2015: Revenue of $612, expenses of $7K, and assets of $183K (revenue -99.7% year-over-year).
- 2014: Revenue of $200K, expenses of $11K, and assets of $189K (revenue +20008500.0% year-over-year).
- 2013: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
Data Sources and Methodology
This transparency report for Harold And Geraldine Watson Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.