Nonprofit · EIN 46-1001797
WATSON
Tax-exempt · BOULDER, CO 80301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $6,082,445 | $4,070,738 | $2,011,707 | $3,814,580 | $61,730 | $3,752,850 |
| June 30, 2024 | 990 | $3,593,105 | $3,444,764 | $148,341 | $1,790,488 | $49,345 | $1,741,143 |
| June 30, 2023 | 990 | $3,159,771 | $2,444,986 | $714,785 | $1,620,057 | $27,255 | $1,592,802 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,509,874
- Program service revenue
- $481,154
- Investment income
- $91,417
- Net gain from sales of assets
- $18,971
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $172,040
- Benefits paid to members
- $76,010
- Compensation of officers, directors and key employees
- $732,352
- Other salaries and wages
- $1,840,137
- Salaries, compensation and benefits (total)
- $2,776,311
- Professional fundraising fees
- $0
- Legal fees
- $89,367
- Accounting fees
- $17,774
- Occupancy
- $42,629
- Travel
- $125,047
- Program services (functional)
- $3,469,431
- Management and general (functional)
- $406,259
- Fundraising (functional)
- $195,048
Balance sheet and other
- Total assets, start of year
- $1,790,488
- Total assets, end of year
- $3,814,580
- Total liabilities, end of year
- $61,730
- Net assets, end of year
- $3,752,850
- Net assets without donor restrictions
- $3,752,850
- Gross receipts
- $6,517,864
- Employees
- 28
- Volunteers
- 100
- Year formed
- 2012
- State of legal domicile
- CO
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 |
|---|---|---|---|---|
| Andrew Lippi | COO Officer | 0 | $187,533 | $8,000 |
| ERIC GLUSTROM | President Trustee or director, Officer | 60 | $186,950 | $0 |
| ISABEL DEJESUS | Key Employee | 40 | $114,900 | $5,121 |
| TYLER GUILIANO | Key Employee | 40 | $110,800 | $4,998 |
| DWAYNE GRIFFITH | Key Employee | 40 | $109,685 | $4,365 |
| JANE MILLER | Trustee Trustee or director | 0 | $0 | $0 |
| JASON GRIFFITH | Trustee Trustee or director | 0 | $0 | $0 |
| MICHAEL MILES | Trustee Trustee or director | 0 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC GLUSTROM | President Trustee or director, Officer | 60 | $168,933 |
| JANE MILLER | Trustee Trustee or director | 0 | $0 |
| JASON GRIFFITH | Trustee Trustee or director | 0 | $0 |
| MICHAEL MILES | Trustee Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC GLUSTROM | President Trustee or director, Officer | 60 | $154,317 |
| JANE MILLER | Trustee Trustee or director | 0 | $0 |
| JASON GRIFFITH | Trustee Trustee or director | 0 | $0 |
| MICHAEL MILES | Trustee Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4845 PEARL EAST CIR STE 101, BOULDER, CO 80301-6113
- In care of
- % HENRY WATERS & ASSOCIATES INC
- Principal officer (990 for 2024)
- ERIC GLUSTROM, 4845 Pearl E Circle Suite 101, BOULDER, CO 80301
- Signed the 990
- ERIC GLUSTROM, President
- Phone
- (720) 394-1889
- Website
- WWW.WATSON.IS
- Return prepared by
- Bert Wilson CPA
Mission
Watson Institute accelerates the impact of entrepreneurs and leaders
Program accomplishments
- WATSON INSTITUTE RUNS FELLOWSHIP PROGRAMS IN PARTNERSHIP WITH CORPORATIONS AND FOUNDATIONS FOR NEXT GENERATION INNOVATORS, LEADERS, AND ENTREPRENEURS WORKING TO SOLVE SOCIAL, ECONOMIC, AND ENVIRONMENTAL CHALLENGES. THE FELLOWSHIP PROGRAMS INCLUDE TRAINING, MENTORSHIP, SEED FUNDING, AND AN EXPANDED NETWORK.Expenses $3,059,423
- Watson Institute supports the implementation of programming via an alliance agreement with Lynn University for undergraduate student leaders and innovators working to solve social, economic, and environmental challenges.Expenses $410,008
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
- 46-1001797
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $3,814,580
- Income (IRS master file)
- $6,517,864
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $6,082,445 | $4,070,738 | $3,814,580 | IRS |
| 990 | June 2024 | $3,593,105 | $3,444,764 | $1,790,488 | XML |
| 990 | June 2023 | $3,159,771 | $2,444,986 | $1,620,057 | XML |
| 990 | June 2022 | $1,935,100 | $1,904,785 | $889,798 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 46-1001797).
Questions about WATSON
- What is the EIN of WATSON?
- The employer identification number (EIN) of WATSON is 46-1001797.
- Is WATSON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to WATSON tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATSON 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 WATSON 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 WATSON 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 WATSON?
- The 990 for the year ended June 30, 2025 names ERIC GLUSTROM.
- Who are the officers and directors of WATSON?
- The 990 for the year ended June 30, 2025 lists 8 people; 5 received compensation from the organization, the highest $187,533 (Andrew Lippi, COO).
- How much revenue does WATSON have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $6,082,445, expenses of $4,070,738 and total assets of $3,814,580 at year end.
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