Civic Intelligence

Watson

990 • Fiscal year 2021 • EIN 46-1001797

Jul 01, 2020 to Jun 30, 2021 • Filed on Jun 07, 2022

Organization ProfileWWW.WATSON.IS
1310 College Ave 100Boulder, CO 80302

(720) 394-1889

Siviq Scores

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

Liabilities / Assets

50th percentile

0.07x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

36th percentile

0.04x

Higher debt load relative to revenue than 36% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

61st percentile

19%

Higher net margin than 61% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

89th percentile

64%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

64th percentile

27%

Faster revenue growth than 64% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$910,365

Up $354,863 (+64%) from 2020

Net Assets

Up

$847,702

Up $336,868 (+66%) from 2020

Liabilities

Up

$62,663

Up $17,995 (+40%) from 2020

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin61st percentile

Revenue

Up

$1,781,537

Up $373,214 (+27%) from 2020

Expenses

Up

$1,444,669

Up $47,463 (+3.4%) from 2020

Net Income

Up

$336,868

Up $325,751 (+2930%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2013: $55,777Liabilities 2013: $0Net Assets 2013: $55,7772013Assets 2014: $34,214Liabilities 2014: $0Net Assets 2014: $34,2142014Assets 2015: $130,105Liabilities 2015: $0Net Assets 2015: $130,1052015Assets 2016: $557,878Liabilities 2016: $9,981Net Assets 2016: $547,8972016Assets 2017: $786,438Liabilities 2017: $26,700Net Assets 2017: $759,7382017Assets 2018: $751,794Liabilities 2018: $32,259Net Assets 2018: $719,5352018Assets 2019: $522,079Liabilities 2019: $22,362Net Assets 2019: $499,7172019Assets 2020: $555,502Liabilities 2020: $44,668Net Assets 2020: $510,8342020Assets 2021: $910,365Liabilities 2021: $62,663Net Assets 2021: $847,7022021Assets 2022: $889,798Liabilities 2022: $11,781Net Assets 2022: $878,0172022Assets 2023: $1,620,057Liabilities 2023: $27,255Net Assets 2023: $1,592,8022023Assets 2024: $1,790,488Liabilities 2024: $49,345Net Assets 2024: $1,741,1432024

Highlighted filing

2021

Assets$910,365
Liabilities$62,663
Net Assets$847,702
Open 2021 Filing

Operations Trend

Revenue Growth64th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $257,945Expenses 2013: $202,568Net Income 2013: $55,3772013Revenue 2014: $188,446Expenses 2014: $270,786Net Income 2014: -$82,3402014Revenue 2015: $490,038Expenses 2015: $394,147Net Income 2015: $95,8912015Revenue 2016: $1,218,249Expenses 2016: $800,457Net Income 2016: $417,7922016Revenue 2017: $1,258,896Expenses 2017: $1,047,055Net Income 2017: $211,8412017Revenue 2018: $1,353,624Expenses 2018: $1,393,827Net Income 2018: -$40,2032018Revenue 2019: $448,341Expenses 2019: $668,159Net Income 2019: -$219,8182019Revenue 2020: $1,408,323Expenses 2020: $1,397,206Net Income 2020: $11,1172020Revenue 2021: $1,781,537Expenses 2021: $1,444,669Net Income 2021: $336,8682021Revenue 2022: $1,935,100Expenses 2022: $1,904,785Net Income 2022: $30,3152022Revenue 2023: $3,159,771Expenses 2023: $2,444,986Net Income 2023: $714,7852023Revenue 2024: $3,593,105Expenses 2024: $3,444,764Net Income 2024: $148,3412024

Highlighted filing

2021

Revenue$1,781,537
Expenses$1,444,669
Net Income$336,868
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jun 7, 2022
Return Version
2020v4.0
Gross Receipts
$1,781,537
Mission and Program Overview

Mission

Watson institute provides a new model of education that aims to develop the next generation of leaders and entrepreneurs

Watson institute provides a new model of education that aims to develop next generation leaders and entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$496,920$877,384▲ $380,464
Accounts Receivable$27,593$28,980▲ $1,387
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$555,502$910,365▲ $354,863
Other Assets Total$30,989$4,001▼ $26,988
Liabilities
Other Liabilities$37,826$58,863▲ $21,037
Deferred Revenue$6,842$3,800▼ $3,042
Total Liabilities$44,668$62,663▲ $17,995
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$510,834$847,702▲ $336,868
Total Net Assets Fund Balance$510,834$847,702▲ $336,868
Total Liabilities and Net Assets / Fund Balance$555,502$910,365▲ $354,863
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Eric GlustromPresidentFT$102,851$102,851

Board Members and Trustees

NameTitle
Jane MillerBoard Member
Jason GriffithBoard Member
Erin KrampetzDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,202,271
Program Service Revenue
$399,808
Investment Income
$179,458
Other Revenue
$0
All Other Contributions
$1,202,271
Change in Net Assets
$336,868
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,094,870
Other Expenses$346,543
Total Fundraising Expense$62,670
Grants and Similar Amounts Paid$1,800
Professional Fundraising Fees$1,456

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$753,273$88,621$44,310$886,204
Current Officers, Directors, Trustees, and Key Employees$87,424$10,286$5,141$102,851
Payroll Taxes$63,176$7,433$3,716$74,325
All Other Expenses$63,001$6,420$1,188$70,609
Other Employee Benefits$26,767$3,149$1,574$31,490
Occupancy$22,774-$2,531$25,305
Travel$18,200-$2,103$20,303
Other Expenses$17,479--$17,479
Office Expenses$11,068$1,302$651$13,021
Fees for Services Accounting-$12,041-$12,041
Fees for Services Legal-$9,803-$9,803
Advertising$9,670--$9,670
Insurance$9,182--$9,182
Foreign Grants$1,800--$1,800
Fees for Services Professional Fundraising--$1,456$1,456
Interest$680--$680
Fees for Services Other$210--$210
Total Functional Expenses$1,242,944$139,055$62,670$1,444,669
International Activity

International Summary

Employees
1
Spending
$42,855

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
GuatemalaEducationLeadership Development01$42,855
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$1,456
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
Payroll Liabilities$25,874
Due to Guatemala Holdings LLC$17,479
Credit Card Payable$15,510
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
Yes
Other officer compensation reviewed
Yes
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 11B: Form 990 Review Process

“The 990 is publicly available and shared with our board of directors”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“A process to determine compensation for the president was last completed in december 2019 and includes the following. 1.) researching compensation levels of peer organizations and 2.) review of compensation levels by the governing board.”

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

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Watson Institute
EIN
46-1001797
Phone
7203941889
Address
1310 COLLEGE AVE 100, BOULDER, CO 80302

Signing Officer

Name
Eric Glustrom
Title
President
Signed
2022-06-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Glustrom
Formed
2012
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
3
Employees
17
Volunteers
100

Preparer

Firm
Henry Waters & Associates Inc
Address
4740 Table Mesa Drive, Boulder, CO 80305
Preparer
Steven T Henry
Phone
3034944050
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: watson institute runs career and venture accelerators for next generation entrepreneurs and leaders in collaboration with universidad francisco marroquin”

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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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IRS990/ProgSrvcAccomActy3Grp/Desc0WATSON INSTITUTE RUNS CAREER AND VENTURE ACCELERATORS FOR NEXT GENERATION ENTREPRENEURS AND LEADERS IN COLLABORATION WITH UNIVERSIDAD FRANCISCO MARROQUIN
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt042855
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0258973
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0295953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0250393
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01390628
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117479
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt225874
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO GUATEMALA HOLDINGS LLC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
IRS990ScheduleD/TotalLiabilityAmt058863
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt042855
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0GUATEMALA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0LEADERSHIP DEVELOPMENT
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0EDUCATION
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0900
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1900
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SPONSORSHIP
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1SPONSORSHIP
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1KENYA
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IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalSpentAmt042855
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0We are in annual communication with our fiscal sponsorees to determine their progress.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Cash basis reporting of Grants are based on an Accountable Plan.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2EXPENDITURES ARE FOR PROGRAM SERVICES TO PROVIDE EDUCATIONAL OPPORTUNITIES TO STUDENTS OF THE UNIVERSIDAD FRANCISCO MARROQUIN GUATEMALA.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 3f - Investments and Expenditures
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IRS990ScheduleF/TotalOtherOrgCnt02
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: WATSON INSTITUTE RUNS CAREER AND VENTURE ACCELERATORS FOR NEXT GENERATION ENTREPRENEURS AND LEADERS IN COLLABORATION WITH UNIVERSIDAD FRANCISCO MARROQUIN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PUBLICLY AVAILABLE AND SHARED WITH OUR BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A PROCESS TO DETERMINE COMPENSATION FOR THE PRESIDENT WAS LAST COMPLETED IN DECEMBER 2019 AND INCLUDES THE FOLLOWING. 1.) RESEARCHING COMPENSATION LEVELS OF PEER ORGANIZATIONS AND 2.) REVIEW OF COMPENSATION LEVELS BY THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalContributionsAmt01202271
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt062670
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0139055
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01242944

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$910,365
Liabilities
$62,663
Net assets
$847,702
Revenue
$1,781,537
Expenses
$1,444,669
Net income
$336,868
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.05$1.74$3.59$3.44$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.03$1.59$3.16$2.44$0.71
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.88$1.94$1.90$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.91$0.06$0.85$1.78$1.44$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.56$0.04$0.51$1.41$1.40$0.01
2019Summary only. Only limited summary data is available for this year.$0.52$0.02$0.50$0.45$0.67$0.22
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.72$1.35$1.39$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$1.26$1.05$0.21
2016Summary only. Only limited summary data is available for this year.$0.56$0.01$0.55$1.22$0.80$0.42
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.49$0.39$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.19$0.27$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.26$0.20$0.06