Nonprofit · EIN 23-7097393
WATSON-BROWN FOUNDATION INC
Tax-exempt · THOMSON, GA 30824
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $13,931,251 | $8,129,468 | $5,801,783 | $143,378,737 | $1,318,243 | $142,060,494 |
| December 31, 2023 | 990-PF | $7,114,296 | $8,723,966 | -$1,609,670 | $137,990,641 | $1,731,930 | $136,258,711 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $2,764,789
- Interest
- $124,577
- Net rental income
- $21,082
- Net gain from sales of assets
- $11,019,368
- Other income
- $1,380
Expenses
- Grants and similar amounts paid
- $5,170,152
- Compensation of officers, directors and key employees
- $204,754
- Salaries, compensation and benefits (total)
- $644,875
- Disbursements for charitable purposes
- $7,224,668
- Excise tax on investment income
- $190,424
Balance sheet and other
- Total assets, start of year
- $137,990,641
- Total assets, end of year
- $143,378,737
- Total liabilities, end of year
- $1,318,243
- Net assets, end of year
- $142,060,494
- Fair market value of assets
- $164,759,404
- Qualifying distributions
- $7,480,010
- Net investment income
- $13,996,154
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS W BROWN JR 310 TOM WATSON WAY, THOMSON, GA 30824 | PRESIDENT, CEO & CFO | 50 | $168,754 | $19,185 |
| GROUND MANAGER 310 TOM WATSON WAY, THOMSON, GA 30824 | GROUND MANAGER Highest-paid employee | 45 | $80,828 | $16,550 |
| ACCOUNTANTADMIN 310 TOM WATSON WAY, THOMSON, GA 30824 | ACCOUNTANT/ADMIN Highest-paid employee | 45 | $75,991 | $16,400 |
| HOUSE MUSEUM CURATOR 310 TOM WATSON WAY, THOMSON, GA 30824 | HOUSE MUSEUM CURATOR Highest-paid employee | 45 | $73,178 | $16,295 |
| HICKORY HILL CURATOR 310 TOM WATSON WAY, THOMSON, GA 30824 | HICKORY HILL CURATOR Highest-paid employee | 45 | $65,933 | $16,025 |
| COBB HOUSE CURATOR 310 TOM WATSON WAY, THOMSON, GA 30824 | COBB HOUSE CURATOR Highest-paid employee | 45 | $64,319 | $15,959 |
| JOHN WOODHAM 310 TOM WATSON WAY, THOMSON, GA 30824 | SECRETARY | 2.5 | $12,000 | $0 |
| SARA KATHERINE DRURY 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $12,000 | $0 |
| THOMAS W BROWN III 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $12,000 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THOMAS W BROWN JR 310 TOM WATSON WAY, THOMSON, GA 30824 | PRESIDENT | 50 | $168,254 | $19,646 |
| HOUSE MUSEUM CURATOR 310 TOM WATSON WAY, THOMSON, GA 30824 | HOUSE MUSEUM CURATOR Highest-paid employee | 45 | $91,464 | $17,374 |
| GROUND MANAGER 310 TOM WATSON WAY, THOMSON, GA 30824 | GROUND MANAGER Highest-paid employee | 45 | $78,384 | $16,948 |
| ACCOUNTANTADMIN 310 TOM WATSON WAY, THOMSON, GA 30824 | ACCOUNTANT/ADMIN Highest-paid employee | 45 | $73,781 | $16,803 |
| HOUSE MUSEUM CURATOR 310 TOM WATSON WAY, THOMSON, GA 30824 | HOUSE MUSEUM CURATOR Highest-paid employee | 45 | $71,050 | $16,702 |
| DIRECTOR OF SCHOLARSHIPS 310 TOM WATSON WAY, THOMSON, GA 30824 | DIRECTOR OF SCHOLARS Highest-paid employee | 45 | $55,020 | $16,109 |
| JOHN WOODHAM 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $11,500 | $0 |
| THOMAS W BROWN III 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $9,000 | $0 |
| SARA KATHERINE DRURY 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $8,500 | $0 |
| JOAB LESESNE 310 TOM WATSON WAY, THOMSON, GA 30824 | CHAIRMAN | 2.5 | $2,500 | $0 |
| WYCHE FOWLER JR 310 TOM WATSON WAY, THOMSON, GA 30824 | TRUSTEE | 2.5 | $2,500 | $0 |
Address and contacts
- Address (IRS master file)
- 310 TOM WATSON WAY, THOMSON, GA 30824-1836
- Signed the 990-PF
- THOMAS W BROWN JR, PRESIDENT
- Phone
- (706) 595-8886
- Website
- WWW.WATSON-BROWN.ORG
- Return prepared by
- MSTILLER LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 23-7097393
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1972
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $143,378,737
- Income (IRS master file)
- $15,385,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $13,931,251 | $8,129,468 | $143,378,737 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $7,114,296 | $8,723,966 | $137,990,641 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7097393).
Questions about WATSON-BROWN FOUNDATION INC
- What is the EIN of WATSON-BROWN FOUNDATION INC?
- The employer identification number (EIN) of WATSON-BROWN FOUNDATION INC is 23-7097393.
- Is WATSON-BROWN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to WATSON-BROWN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does WATSON-BROWN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of WATSON-BROWN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATSON-BROWN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of WATSON-BROWN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 9 people; 9 received compensation from the organization, the highest $168,754 (THOMAS W BROWN JR, PRESIDENT, CEO & CFO).
- How much revenue does WATSON-BROWN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,931,251, expenses of $8,129,468 and total assets of $143,378,737 at year end.
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