Nonprofit · EIN 33-0768316
WATTS LEARNING CENTER FOUNDATION INC
Tax-exempt · LOS ANGELES, CA 90003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $15,965,288 | $15,894,154 | $71,134 | $19,738,000 | $4,446,082 | $15,291,918 |
| June 30, 2024 | 990 | $15,973,975 | $14,725,697 | $1,248,278 | $21,813,716 | $6,592,932 | $15,220,784 |
| June 30, 2023 | 990 | $14,055,682 | $12,890,665 | $1,165,017 | $21,102,853 | $7,130,347 | $13,972,506 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $15,965,288
- of which government grants
- $15,737,376
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $224,732
- Other salaries and wages
- $6,935,099
- Salaries, compensation and benefits (total)
- $9,915,424
- Professional fundraising fees
- $0
- Occupancy
- $1,272,745
- Depreciation
- $126,910
- Program services (functional)
- $13,008,186
- Management and general (functional)
- $2,878,810
- Fundraising (functional)
- $7,158
Balance sheet and other
- Total assets, start of year
- $21,813,716
- Total assets, end of year
- $19,738,000
- Total liabilities, end of year
- $4,446,082
- Net assets, end of year
- $15,291,918
- Land, buildings and equipment
- $448,502
- Publicly traded securities
- $5,158,413
- Net assets without donor restrictions
- $15,291,918
- Gross receipts
- $15,965,288
- Employees
- 127
- Volunteers
- 6
- Year formed
- 1997
- State of legal domicile
- CA
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 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MONIQUE WOODLEY | EXECUTIVE DI Officer | 40 | $188,242 | $36,490 |
| DEREK HUBBARD | PRINCIPAL Highest-paid employee | 40 | $133,321 | $39,132 |
| EUGENE L FISHER | PRESIDENT Trustee or director, Officer | 40 | $0 | $0 |
| DAVID MORA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GLEN POLSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JUSTIN SANDERS | MEMBER Trustee or director | 2 | $0 | $0 |
| DARELL J SCHREGARDUS | MEMBER Trustee or director | 2 | $0 | $0 |
| NICKEY WOODS | MEMBER Trustee or director | 2 | $0 | $0 |
| RAO YALAMANCHILI | MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN YELDING | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MONIQUE WOODLEY | EXECUTIVE DIRECTOR Officer | 40 | $166,359 | $16,125 |
| CYNTHIA CLARK | TEACHER Highest-paid employee | 40 | $110,446 | $33,251 |
| CARLOS DEJUAN RUFFIN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $129,098 | $7,042 |
| MONIQUE CARRABY VALENTINE | TEACHER Highest-paid employee | 40 | $105,113 | $26,968 |
| DAVID T MABOWE | TEACHER Highest-paid employee | 40 | $111,853 | $16,479 |
| SIMA ALEAHMAD | TEACHER Highest-paid employee | 40 | $107,623 | $9,846 |
| EUGENE L FISHER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DAVID MORA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GLEN POLSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JUSTIN SANDERS | MEMBER Trustee or director | 2 | $0 | $0 |
| DR DARELL J SCHREGARDUS | MEMBER Trustee or director | 2 | $0 | $0 |
| RAO YALAMANCHILI | MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN YELDING | MEMBER Trustee or director | 2 | $0 | $0 |
| DR NICKEY WOODS | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANGELIQUE SIMS | DIRECTOR-MIDDLE SCHOOL Officer | 40 | $163,428 | $24,506 |
| OLUWAKEMI MUSTAPHA | DIRECTOR-ELEMENTARY SCHOOL Highest-paid employee | 40 | $127,856 | $19,433 |
| CARLOS DEJUAN RUFFIN | DIRECTOR OF OPERATIONS Highest-paid employee | 40 | $128,820 | $16,837 |
| LORI GIVENS | ASSISTANT DIRECTOR-MIDDLE SCHOOL Highest-paid employee | 40 | $101,470 | $17,775 |
| EUGENE L FISHER | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| DAVID MORA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| GLEN POLSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| JUSTIN SANDERS | MEMBER Trustee or director | 2 | $0 | $0 |
| DR DARELL J SCHREGARDUS | MEMBER Trustee or director | 2 | $0 | $0 |
| RAO YALAMANCHILI | MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN YELDING | MEMBER Trustee or director | 2 | $0 | $0 |
| DR NICKEY WOODS | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 310 W 95TH ST, LOS ANGELES, CA 90003-4012
- Principal officer (990 for 2024)
- EUGENE L FISHER
- Signed the 990
- EUGENE L FISHER, PRESIDENT
- Phone
- (323) 754-9900
- Return prepared by
- SILVA & SILVA CPAS
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0768316 or by the name WATTS LEARNING CENTER FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE WATTS LEARNING CENTER WILL BUILD ON THE SUCCESS OF HEAD START AND OTHER PRE-SCHOOL PROGRAMS BY CREATING A CULTURE OF LEARNING IN WHICH ALL STAKEHOLDERS - STUDENTS, PARENTS OR GUARDIANS, FACULTY AND STAFF HAVE CLEARLY DEFINED ROLES AND EXPECTATIONS.
Program accomplishments
- THE FOUNDATION PROVIDED OVERSIGHT OF THE ACADEMIC, FINANCIAL, HUMAN RESOURCE, MARKETING, PARENT RELATIONS, COMMUNITY RELATIONS, AND FACILTIES OF THE WATTS LEARNING CENTER. ( A CHARTER SCHOOL OF THE LOS ANGELES UNIFIED SCHOOL DISTRICT). THE FOUNDATION ALSO ASSISTED IN OBTAINING TEMPORARY ADVANCES, LOANS AND GRANTS FROM OTHERS WHICH WERE USED IN THE DEVELOPMENT AND DIRECT SUPPORT OF THE OPERATIONS OF THE SCHOOL. THESE RESOURCES AND ASSISTANCE ALLOWED THE SCHOOL TO OFFER INSTRUCTION FOR KINDERGARTEN, ELEMENTARY AND MIDDLE STUDENTS DURING THE SCHOOL YEAR.Expenses $13,008,186
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0768316
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $19,738,000
- Income (IRS master file)
- $15,965,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $15,965,288 | $15,894,154 | $19,738,000 | XML |
| 990 | June 2024 | $15,973,975 | $14,725,697 | $21,813,716 | XML |
| 990 | June 2023 | $14,055,682 | $12,890,665 | $21,102,853 | XML |
| 990 | June 2022 | $13,454,698 | $11,999,505 | $15,348,896 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 33-0768316).
Questions about WATTS LEARNING CENTER FOUNDATION INC
- What is the EIN of WATTS LEARNING CENTER FOUNDATION INC?
- The employer identification number (EIN) of WATTS LEARNING CENTER FOUNDATION INC is 33-0768316.
- Is WATTS LEARNING CENTER FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to WATTS LEARNING CENTER FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATTS LEARNING CENTER FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATTS LEARNING CENTER FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATTS LEARNING CENTER FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of WATTS LEARNING CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names EUGENE L FISHER.
- Who are the officers and directors of WATTS LEARNING CENTER FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $188,242 (MONIQUE WOODLEY, EXECUTIVE DI).
- How much revenue does WATTS LEARNING CENTER FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $15,965,288, expenses of $15,894,154 and total assets of $19,738,000 at year end.
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