Nonprofit · EIN 83-4510126
WATTS OF POWER FOUNDATION CORP
Also known as WATTS OF POWER FOUNDATION
Tax-exempt · LOS ANGELES, CA 90007
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $562,422 | $562,778 | -$356 | $257,826 | $0 | $257,826 |
| June 30, 2024 | 990 | $639,895 | $728,046 | -$88,151 | $258,182 | $0 | $258,182 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $48,737
- of which government grants
- $48,737
- Program service revenue
- $513,685
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $120,000
- Other salaries and wages
- $114,166
- Salaries, compensation and benefits (total)
- $252,079
- Professional fundraising fees
- $0
- Legal fees
- $129,376
- Occupancy
- $20,694
- Program services (functional)
- $371,962
- Management and general (functional)
- $190,816
Balance sheet and other
- Total assets, start of year
- $258,182
- Total assets, end of year
- $257,826
- Total liabilities, end of year
- $0
- Net assets, end of year
- $257,826
- Publicly traded securities
- $111,193
- Gross receipts
- $562,422
- Employees
- 4
- Volunteers
- 2
- Year formed
- 2017
- 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 |
|---|---|---|---|
| NINA MILLIGAN | MEMBER Trustee or director | 0 | $0 |
| CHRIS BROUSSARD | MEMBER Trustee or director | 0 | $0 |
| JUAN NUNEZ | BOARD CHAIR Trustee or director | 0 | $0 |
| ASMARA OGBAI | VICE CHAIR Trustee or director | 0 | $0 |
| EDITH bRASWELL GRANT | BOARD SECRETARY Trustee or director | 0 | $0 |
| ELDORA SMITH BAKER | TREASURER Trustee or director | 0 | $0 |
| NICOLE SCOTT | MEMBER Trustee or director | 0 | $0 |
| DEMAR MATTHEWS | MEMBER Trustee or director | 0 | $0 |
| DIDI WATTS | MEMBER Trustee or director | 0 | $0 |
| STEPHANIE LAM | MEMEBER Trustee or director | 0 | $0 |
| PETER WATTS | EXECUTIVE DIRECTOR Officer | 35 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER WATTS | EXECUTIVE DIRECTOR Officer | 35 | $100,962 |
| NICOLE SCOTT | MEMBER Trustee or director | 0 | $0 |
| ELDORA SMITH BAKER | TREASURER Trustee or director | 0 | $0 |
| DEMAR MATTHEWS | MEMBER Trustee or director | 0 | $0 |
| STEPHANIE LAM | MEMEBER Trustee or director | 0 | $0 |
| DIDI WATTS | MEMBER Trustee or director | 0 | $0 |
| CHRIS BROUSSARD | MEMBER Trustee or director | 0 | $0 |
| NINA MILLIGAN | MEMBER Trustee or director | 0 | $0 |
| JUAN NUNEZ | BOARD CHAIR Trustee or director | 0 | $0 |
| EDITH bRASWELL GRANT | BOARD SECRETARY Trustee or director | 0 | $0 |
| ASMARA OGBAI | VICE CHAIR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1648 W 20TH ST, LOS ANGELES, CA 90007-1101
- In care of
- % PETTER WATTS
- Principal officer (990 for 2024)
- PETER WATTS Director, 1613 W 20TH STREET, Los Angeles, CA 90007
- Signed the 990
- PETTER WATTS, EXECUTIVE DIRECTOR
- Phone
- (213) 361-9211
- 990-N for 2019 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: Peter Watts, 1648 West 20th Street, Los Angeles CA 90007. Mailing address: 1648 W 20th St, Los Angeles CA 90007. Website: http://www.wattsofpowerfoundation.org
- Return prepared by
- Creative Tax
California records
California keeps its own records of charities and corporations. Search them by EIN 83-4510126 or by the name WATTS OF POWER FOUNDATION CORP.
- 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
TO CREATE A PIPELINE OF BLACK MALE TEACHERS, BY ADDRESSING THE GAPS IN THE RECRUITMENT AND RENTENTION TO HELP THEM SUCCESSFULLY NAGIGATE AND COMPLETE THE PRE-SERVIE PATHWAY TO BECOME FULLY CREDENTIALED TEACHER
Program accomplishments
- All planned community prorams completed. Numerous homeless helped through cordination with other organizations. Educational attendance increased signifcantly from past years.Expenses $371,962 · revenue $515,057
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
- 83-4510126
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $257,826
- Income (IRS master file)
- $562,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $562,422 | $562,778 | $257,826 | XML |
| 990 | June 2024 | $639,895 | $728,046 | $258,182 | XML |
| 990 | June 2023 | $404,574 | $170,971 | $346,333 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Peter Watts Filed under this EIN, most likely by a chapter or affiliate | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2018 Officer: PETER WATTS Filed under this EIN, most likely by a chapter or affiliate | June 30, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-4510126).
Questions about WATTS OF POWER FOUNDATION CORP
- What is the EIN of WATTS OF POWER FOUNDATION CORP?
- The employer identification number (EIN) of WATTS OF POWER FOUNDATION CORP is 83-4510126.
- Is WATTS OF POWER FOUNDATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to WATTS OF POWER FOUNDATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATTS OF POWER FOUNDATION CORP 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 OF POWER FOUNDATION CORP 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 OF POWER FOUNDATION CORP 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 OF POWER FOUNDATION CORP?
- The 990 for the year ended June 30, 2025 names PETER WATTS Director.
- Who are the officers and directors of WATTS OF POWER FOUNDATION CORP?
- The 990 for the year ended June 30, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does WATTS OF POWER FOUNDATION CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $562,422, expenses of $562,778 and total assets of $257,826 at year end.
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