Civic Intelligence

John G Watson Foundation Inc.

990 • Fiscal year 2019 • EIN 45-2857543

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 03, 2020

Organization Profilewww.johngwatsonfdn.com
4455 Foxhollow CourtSan Diego, CA 92130

(858) 792-6464

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

52nd percentile

3.9%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$30,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 44.1% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

18%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$1,061,854

Up $2,666 (+0.3%) from 2018

Net Assets

Up

$1,061,853

Up $2,665 (+0.3%) from 2018

Liabilities

Up

$1

Up $1 from 2018

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin52nd percentile

Revenue

Up

$68,005

Up $10,466 (+18%) from 2018

Expenses

Down

$65,340

Down $4,136 (-6.0%) from 2018

Net Income

Up

$2,665

Up $14,602 (+122%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $912,263Liabilities 2013: $0Net Assets 2013: $912,2632013Assets 2014: $1,064,434Liabilities 2014: $0Net Assets 2014: $1,064,4342014Assets 2015: $1,072,226Liabilities 2015: $0Net Assets 2015: $1,072,2262015Assets 2016: $1,078,858Liabilities 2016: $0Net Assets 2016: $1,078,8582016Assets 2017: $1,071,125Liabilities 2017: $0Net Assets 2017: $1,071,1252017Assets 2018: $1,059,188Liabilities 2018: $0Net Assets 2018: $1,059,1882018Assets 2019: $1,061,854Liabilities 2019: $1Net Assets 2019: $1,061,8532019Assets 2020: $1,057,948Liabilities 2020: $3Net Assets 2020: $1,057,9452020Assets 2021: $1,045,914Liabilities 2021: $0Net Assets 2021: $1,045,9142021Assets 2022: $993,456Liabilities 2022: $0Net Assets 2022: $993,4562022Assets 2023: $936,864Liabilities 2023: $0Net Assets 2023: $936,8642023Assets 2024: $901,082Liabilities 2024: $0Net Assets 2024: $901,0822024

Highlighted filing

2019

Assets$1,061,854
Liabilities$1
Net Assets$1,061,853
Open 2019 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2013: $675,666Expenses 2013: $445,643Net Income 2013: $230,0232013Revenue 2014: $224,878Expenses 2014: $72,707Net Income 2014: $152,1712014Revenue 2015: $81,096Expenses 2015: $73,304Net Income 2015: $7,7922015Revenue 2016: $60,961Expenses 2016: $54,329Net Income 2016: $6,6322016Revenue 2017: $62,904Expenses 2017: $70,637Net Income 2017: -$7,7332017Revenue 2018: $57,539Expenses 2018: $69,476Net Income 2018: -$11,9372018Revenue 2019: $68,005Expenses 2019: $65,340Net Income 2019: $2,6652019Revenue 2020: $41,965Expenses 2020: $45,873Net Income 2020: -$3,9082020Revenue 2021: $37,643Expenses 2021: $49,676Net Income 2021: -$12,0332021Revenue 2022: -$7,332Expenses 2022: $45,126Net Income 2022: -$52,4582022Revenue 2023: $11,844Expenses 2023: $68,434Net Income 2023: -$56,5902023Revenue 2024: $20,126Expenses 2024: $55,908Net Income 2024: -$35,7822024

Highlighted filing

2019

Revenue$68,005
Expenses$65,340
Net Income$2,665
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 3, 2020
Return Version
2019v5.0
Gross Receipts
$68,005
Mission and Program Overview

Mission

The organization was founded as a " supporting organization" within the meaning of IRC 509(a)(3)(B) that will support the San Diego Angels. Inc., which is a California nonprofit mutual benefit corporation exempt from Federal taxes under IRC 501(c)(6).San Diego Angels foster's and promotes entrepreneurial activity by providing mentoring, education, guidance and funding to early-stage , high-growth companies in Southern California.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$513,594$565,754▲ $52,160
Investments Other Securities$153,415$152,877▼ $538
Savings and Temporary Cash Investments$60,071$9,114▼ $50,957
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,059,188$1,061,854▲ $2,666
Other Assets Total$332,108$334,109▲ $2,001
Liabilities
Other Liabilities-$1-
Total Liabilities$0$1▲ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,059,188$1,061,853▲ $2,665
Total Net Assets Fund Balance$1,059,188$1,061,853▲ $2,665
Total Liabilities and Net Assets / Fund Balance$1,059,188$1,061,854▲ $2,666
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleBaseTotal
Stephen FlaimPresident$30,000$30,000

Board Members and Trustees

NameTitle
Ned IsraelsenChairman
Jeff DraaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$26,469
Other Revenue
$41,536
Change in Net Assets
$2,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$30,000
Grants and Similar Amounts Paid$25,000
Other Expenses$10,340
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$30,000-$30,000
Grants to Domestic Orgs$25,000--$25,000
Fees for Service Investment Mgmnt Fees-$6,416-$6,416
Fees for Services Accounting-$2,850-$2,850
Other Expenses-$45-$45
Office Expenses-$32-$32
Total Functional Expenses$25,000$40,340$0$65,340
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tech Coast AngelsLaguna Niguel, CA-As a supporting organization$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Stephen Flaim, Ned Israelsen and Gary Phillips are the directors and officers of the Foundation, and they also volunteer their time to San Diego Angels, Inc. (FEIN is91-2172015.)”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Organization has adopted the conflict of interest policy which provides for periodic reviews by the governing body of compensation arrangements and benefits based upon competent survey information. Board will examine whether partnerships, ventures and arrangements with management organizations conform to Corporations's written policies and are properly recorded and reflect reasonable payments for goods & services. Corporation may use outside experts to assist in these periodic reviews.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
John G Watson Foundation
EIN
45-2857543
Phone
8587926464
Address
4455 Foxhollow Court, San Diego, CA 92130

Signing Officer

Name
Stephen Flaim
Title
President
Signed
2020-07-03
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Arthur J Wankel CPA
Address
2770 Via De La Valle 205, Del Mar, CA 92014
Preparer
Arthur J Wankel
Phone
8582598803
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Tech Coast Angels
IRS990ScheduleI/RecipientTable/RecipientEIN0010551364
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 7131
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAGUNA NIGUEL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd092607
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Stephen Flaim, Ned Israelsen and Gary Phillips are the directors and officers of the Foundation, and they also volunteer their time to San Diego Angels, Inc. (FEIN is91-2172015.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has adopted the conflict of interest policy which provides for periodic reviews by the governing body of compensation arrangements and benefits based upon competent survey information. Board will examine whether partnerships, ventures and arrangements with management organizations conform to Corporations's written policies and are properly recorded and reflect reasonable payments for goods & services. Corporation may use outside experts to assist in these periodic reviews.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0San Diego Angels Inc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0912172015
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c) 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Fostering capital formation/investor ed.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt012790 El Camino Real Ste 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0San Diego
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092130
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01059188
IRS990/TotalAssetsEOYAmt01061854
IRS990/TotalAssetsGrp/BOYAmt01059188
IRS990/TotalAssetsGrp/EOYAmt01061854
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040340
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt025000
IRS990/TotalFunctionalExpensesGrp/TotalAmt065340
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt01
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt01
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01059188
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01061853
IRS990/TotalProgramServiceExpensesAmt025000
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt026469
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt068005
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01059188
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01061854
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt04455 Foxhollow Court
IRS990/USAddress/CityNm0San Diego
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092130
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.johngwatsonfdn.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephen Flaim
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0John G Watson Foundation
ReturnHeader/Filer/BusinessNameControlTxt0JOHN
ReturnHeader/Filer/EIN0452857543
ReturnHeader/Filer/PhoneNum08587926464
ReturnHeader/Filer/USAddress/AddressLine1Txt04455 Foxhollow Court
ReturnHeader/Filer/USAddress/CityNm0San Diego
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092130
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0330929623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Arthur J Wankel CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02770 Via De La Valle 205
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Del Mar
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd092014
ReturnHeader/PreparerPersonGrp/PhoneNum08582598803
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Arthur J Wankel
ReturnHeader/ReturnTs02020-07-03T12:44:48-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,061,854
Liabilities
$1
Net assets
$1,061,853
Revenue
$68,005
Expenses
$65,340
Net income
$2,665
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.02$0.06$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.01$0.07$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.01$0.05$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.00$1.05$0.04$0.05$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.04$0.05$0.00
2019Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.07$0.07$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.06$0.07$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.06$0.07$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.06$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.00$1.07$0.08$0.07$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.22$0.07$0.15
2013Summary only. Only limited summary data is available for this year.$0.91$0.00$0.91$0.68$0.45$0.23