Hyde And Watson Foundation
Hyde And Watson Foundation: Consistent Grantmaking, Minimal Overhead
EIN: 222425725 · Warren, NJ · Updated: 2026-04-04
About Hyde And Watson Foundation
Hyde And Watson Foundation (EIN: 222425725) is a nonprofit organization based in Warren, NJ. The organization reported total revenue of $13.8M and total assets of $88.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hyde And 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 Hyde And Watson Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hyde And Watson Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer board or an arrangement where compensation is covered by an external entity, which is highly efficient for a foundation of this size.
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.
Strengths
The following positive indicators were identified for Hyde And Watson Foundation:
- Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on total expenses of $8,179,632 and program expenses of $7,361,669).
- Strong asset base, consistently over $80 million, providing long-term stability for grantmaking.
- Minimal administrative and fundraising costs, indicating efficient operations.
Frequently Asked Questions about Hyde And Watson Foundation
What does Hyde And Watson Foundation do?
Hyde And Watson Foundation is a nonprofit organization in the Unknown sector, located in Warren, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hyde And Watson Foundation have?
Hyde And Watson Foundation reported total revenue of $13,803,115. Based on 10 IRS 990 filings on record.
What are Hyde And Watson Foundation's total assets?
Hyde And Watson Foundation holds total assets of $88,200,725 as reported in IRS 990 filings.
Where is Hyde And Watson Foundation located?
Hyde And Watson Foundation is based in Warren, New Jersey.
What is Hyde And Watson Foundation's EIN?
Hyde And Watson Foundation's Employer Identification Number (EIN) is 222425725. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hyde And Watson Foundation?
Hyde And Watson Foundation is classified under NTEE code Unknown (Unknown).
Is Hyde And Watson Foundation a registered 501(c)(3)?
Hyde And Watson Foundation appears in IRS records (EIN: 222425725). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hyde And Watson Foundation file IRS Form 990?
Yes, Hyde And Watson Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hyde And Watson Foundation's revenue in 2023?
In the 202312 filing period, Hyde And Watson Foundation reported total revenue of $3,103,688, total expenses of $8,179,632, and net assets of $87,251,751.
Is Hyde And Watson Foundation's revenue growing or declining?
Hyde And Watson Foundation's revenue is declining. Revenue went from $4,119,796 (202212) to $3,103,688 (202312), a -24.7% change. Based on 10 filings on record.
What is Hyde And Watson Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Hyde And Watson Foundation covers tax period 202312. It shows revenue of $3,103,688, expenses of $8,179,632, total assets of $87,251,751, and liabilities of $1.
How much does Hyde And Watson Foundation spend on programs vs administration?
Based on IRS 990 analysis, Hyde And Watson Foundation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hyde And Watson Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Hyde And Watson Foundation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Hyde And Watson Foundation's strengths?
Positive indicators for Hyde And Watson Foundation include: Consistently high percentage of expenses dedicated to programs (e.g., 90% in 2023 based on total expenses of $8,179,632 and program expenses of $7,361,669).. Strong asset base, consistently over $80 million, providing long-term stability for grantmaking.. Minimal administrative and fundraising costs, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Hyde And Watson Foundation compensate executives?
Executive compensation is consistently reported as $0 across all available filings, suggesting a volunteer board or an arrangement where compensation is covered by an external entity, which is highly efficient for a foundation of this size. 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 for executive compensation, how does the foundation manage its operational and administrative functions, and are there any related party transactions that cover these costs?
The filings consistently show $0 for executive compensation, implying that the foundation's operational and administrative functions are either managed by volunteers, or the costs are absorbed by an affiliated entity or individual without direct compensation from the foundation's reported expenses. Further investigation into related party disclosures would be needed to fully understand this structure.
Filing History
IRS 990 filing history for Hyde And Watson Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Hyde And Watson Foundation's revenue has declined by 23.6%, moving from $4.1M to $3.1M. Total assets decreased by 3.5% over the same period, from $90.4M to $87.3M. Total functional expenses rose by 35.6%, from $6.0M to $8.2M. In its most recent filing year (2023), Hyde And Watson Foundation reported a deficit of $5.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $87.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $87.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $8.2M | $87.3M | $1 | — | — |
| 2022 | $4.1M | $8.9M | $92.3M | $1 | — | View 990 |
| 2021 | $14.5M | $9.0M | $97.1M | $1 | — | View 990 |
| 2020 | $6.9M | $7.8M | $91.6M | $4K | — | View 990 |
| 2019 | $9.0M | $7.6M | $92.5M | $0 | — | View 990 |
| 2015 | $7.1M | $6.3M | $87.5M | $215K | — | View 990 |
| 2014 | $5.3M | $6.4M | $86.7M | $15K | — | View 990 |
| 2013 | $4.2M | $5.8M | $86.9M | $160K | — | View 990 |
| 2012 | $3.9M | $5.7M | $88.5M | $23K | — | View 990 |
| 2011 | $4.1M | $6.0M | $90.4M | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $8.2M, and assets of $87.3M (revenue -24.7% year-over-year).
- 2022: Revenue of $4.1M, expenses of $8.9M, and assets of $92.3M (revenue -71.5% year-over-year).
- 2021: Revenue of $14.5M, expenses of $9.0M, and assets of $97.1M (revenue +110.3% year-over-year).
- 2020: Revenue of $6.9M, expenses of $7.8M, and assets of $91.6M (revenue -23.2% year-over-year).
- 2019: Revenue of $9.0M, expenses of $7.6M, and assets of $92.5M (revenue +26.2% year-over-year).
- 2015: Revenue of $7.1M, expenses of $6.3M, and assets of $87.5M (revenue +33.0% year-over-year).
- 2014: Revenue of $5.3M, expenses of $6.4M, and assets of $86.7M (revenue +26.5% year-over-year).
- 2013: Revenue of $4.2M, expenses of $5.8M, and assets of $86.9M (revenue +8.5% year-over-year).
- 2012: Revenue of $3.9M, expenses of $5.7M, and assets of $88.5M (revenue -4.1% year-over-year).
- 2011: Revenue of $4.1M, expenses of $6.0M, and assets of $90.4M.
Data Sources and Methodology
This transparency report for Hyde And 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.