Civic Intelligence

Trust B Under the Will of H C Watson Deceased

990 • Fiscal year 2016 • EIN 54-6098265

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 05, 2017

Organization ProfileWATSONMEMORIALSCHOLARSHIPS.COM
PO Box 187Onley, VA 23418

(757) 787-3770

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

0.90x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

20th percentile

$4,199

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

55th percentile

2.8%

Faster asset growth than 55% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-44%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$5,841,554

Up $158,501 (+2.8%) from 2015

Net Assets

Up

$5,708,392

Up $329,116 (+6.1%) from 2015

Liabilities

Down

$133,162

Down $170,615 (-56%) from 2015

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin13th percentile

Revenue

Down

$148,766

Down $117,143 (-44%) from 2015

Expenses

Down

$180,491

Down $164,994 (-48%) from 2015

Net Income

Up

-$31,725

Up $47,851 (+60%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth55th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2015: $5,683,053Liabilities 2015: $303,777Net Assets 2015: $5,379,2762015Assets 2016: $5,841,554Liabilities 2016: $133,162Net Assets 2016: $5,708,3922016Assets 2017: $6,333,646Liabilities 2017: $177,636Net Assets 2017: $6,156,0102017Assets 2018: $5,817,847Liabilities 2018: $208,186Net Assets 2018: $5,609,6612018Assets 2019: $6,507,989Liabilities 2019: $189,322Net Assets 2019: $6,318,6672019Assets 2020: $6,726,443Liabilities 2020: $167,548Net Assets 2020: $6,558,8952020Assets 2021: $7,543,871Liabilities 2021: $161,173Net Assets 2021: $7,382,6982021Assets 2022: $6,461,640Liabilities 2022: $170,414Net Assets 2022: $6,291,2262022Assets 2023: $6,948,486Liabilities 2023: $204,703Net Assets 2023: $6,743,7832023Assets 2024: $7,565,581Liabilities 2024: $278,463Net Assets 2024: $7,287,1182024

Highlighted filing

2016

Assets$5,841,554
Liabilities$133,162
Net Assets$5,708,392
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

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

$600K$400K$200K$0-$200KRevenue 2015: $265,909Expenses 2015: $345,485Net Income 2015: -$79,5762015Revenue 2016: $148,766Expenses 2016: $180,491Net Income 2016: -$31,7252016Revenue 2017: $228,690Expenses 2017: $217,564Net Income 2017: $11,1262017Revenue 2018: $467,240Expenses 2018: $249,031Net Income 2018: $218,2092018Revenue 2019: $328,051Expenses 2019: $228,864Net Income 2019: $99,1872019Revenue 2020: $188,269Expenses 2020: $206,667Net Income 2020: -$18,3982020Revenue 2021: $538,783Expenses 2021: $204,383Net Income 2021: $334,4002021Revenue 2022: $160,378Expenses 2022: $213,836Net Income 2022: -$53,4582022Revenue 2023: $264,772Expenses 2023: $251,019Net Income 2023: $13,7532023Revenue 2024: $441,237Expenses 2024: $336,898Net Income 2024: $104,3392024

Highlighted filing

2016

Revenue$148,766
Expenses$180,491
Net Income-$31,725
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 5, 2017
Return Version
2016v3.0
Gross Receipts
$668,928
Mission and Program Overview

Mission

To provide an endowment to support various colleges as designated under the will of h. C. Watson

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,286,045$5,525,526▲ $239,481
Savings and Temporary Cash Investments$376,132$299,699▼ $76,433
Land, Buildings, and Equipment, Net$14,456$12,939▼ $1,517
Prepaid Expenses and Deferred Charges$6,410$2,948▼ $3,462
Accounts Receivable-$442-
Cash and Non-Interest-Bearing Accounts$10--
Total Assets$5,683,053$5,841,554▲ $158,501
Liabilities
Other Liabilities$287,390$125,371▼ $162,019
Accounts Payable and Accrued Expenses$16,387$7,791▼ $8,596
Total Liabilities$303,777$133,162▼ $170,615
Net Assets / Fund Balance
Unrestricted Net Assets$5,379,276$5,708,392▲ $329,116
Total Net Assets Fund Balance$5,379,276$5,708,392▲ $329,116
Total Liabilities and Net Assets / Fund Balance$5,683,053$5,841,554▲ $158,501

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,539$48,897$61,436
Land$400-$400
Compensation and Service Providers
Top Officer Pay20th percentile

Employees

NameTitleBaseTotal
Herbert B Rew JrTrustee$4,199$4,199
Howard C Wessells IiTrustee$4,199$4,199
Jerry G EvansTrustee$4,199$4,199
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$148,150
Other Revenue
$616
Change in Net Assets
$-31,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$148,766
Total Revenue per Audited Statements
$148,766
Total Revenue per Form 990
$148,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,720
Salaries, Compensation, and Employee Benefits$27,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$125,371$6,443-$131,814
Current Officers, Directors, Trustees, and Key Employees-$26,680-$26,680
Fees for Services Accounting-$10,425-$10,425
Occupancy-$5,225-$5,225
Depreciation Depletion-$2,141-$2,141
Insurance-$1,647-$1,647
Office Expenses-$1,426-$1,426
Payroll Taxes-$1,091-$1,091
Advertising-$42-$42
Total Functional Expenses$125,371$55,120$0$180,491

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$180,491
Total Expenses per Audited Statements$180,491
Total Expenses per Form 990$180,491
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Required Distributions to Colleges$125,371
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Trust B Under the Will of
EIN
54-6098265
Address
PO BOX 187, ONLEY, VA 23418

Signing Officer

Name
Herbert B Rew Jr
Title
Trustee
Signed
2017-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Herbert B Rew Jr
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Jones CPA Group Pc
Address
749 BOUSH STREET, NORFOLK, VA 23510
Preparer
Stephen M Jones CPA
Phone
7576277672
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Scholarships for five colleges designated under the will of h. C. Watson.”

Form 990, Part IX, Line 11G

“Required distribution 125,371 0 0 filing & recording 0 3,040 0 surety bond 0 3,403 0 total 125,371 6,443 0”

Form 990, Part XI, Line 9

“Unrealized gain 310,035 realized gain previously recognized 50,806 unrealized loss 0 total 360,841”

Raw XML Appendix340 raw XML fields

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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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0COLLEGE OF WILLIAM & MARY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1GOLDEY BEACOM COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2UNIVERSITY OF VIRGINIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3VIRGINIA MILITARY INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4VIRGINIA POLYTECHNIC INSTITUTE & STATE UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0COLLEGE OF WILLIAM & MARY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt1GOLDEY BEACOM COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt2UNIVERSITY OF VIRGINIA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt3VIRGINIA MILITARY INSTITUTE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt4VIRGINA POLYTECHNIC INSTITUTE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REQUIRED DISTRIBUTION 125,371 0 0 FILING & RECORDING 0 3,040 0 SURETY BOND 0 3,403 0 TOTAL 125,371 6,443 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAIN 310,035 REALIZED GAIN PREVIOUSLY RECOGNIZED 50,806 UNREALIZED LOSS 0 TOTAL 360,841
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05683053
IRS990/TotalAssetsEOYAmt05841554
IRS990/TotalAssetsGrp/BOYAmt05683053
IRS990/TotalAssetsGrp/EOYAmt05841554
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055120
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0125371
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180491
IRS990/TotalGrossUBIAmt0616
IRS990/TotalLiabilitiesBOYAmt0303777
IRS990/TotalLiabilitiesEOYAmt0133162
IRS990/TotalLiabilitiesGrp/BOYAmt0303777
IRS990/TotalLiabilitiesGrp/EOYAmt0133162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05379276
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05708392
IRS990/TotalProgramServiceExpensesAmt0125371
IRS990/TotalReportableCompFromOrgAmt012597
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0148150
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0148766
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0616
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05683053
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05841554
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt05379276
IRS990/UnrestrictedNetAssetsGrp/EOYAmt05708392
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WATSONMEMORIALSCHOLARSHIPS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HERBERT B REW JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRUST B UNDER THE WILL OF
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0H C WATSON DEC'D
ReturnHeader/Filer/BusinessNameControlTxt0TRUS
ReturnHeader/Filer/EIN0546098265
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 187
ReturnHeader/Filer/USAddress/CityNm0ONLEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd023418
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09462F4CA79BF254DE719CC3A24E501D81D57025A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId069B74C1E03A120F0292413098B312F02223E0C2C
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541208437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES CPA GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0749 BOUSH STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023510
ReturnHeader/PreparerPersonGrp/PhoneNum07576277672
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN M JONES CPA
ReturnHeader/ReturnTs02017-04-12T19:18:39+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,841,554
Liabilities
$133,162
Net assets
$5,708,392
Revenue
$148,766
Expenses
$180,491
Net income
-$31,725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.57$0.28$7.29$0.44$0.34$0.10
2023Detailed filing. Detailed filing data is available for this year.$6.95$0.20$6.74$0.26$0.25$0.01
2022Detailed filing. Detailed filing data is available for this year.$6.46$0.17$6.29$0.16$0.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$7.54$0.16$7.38$0.54$0.20$0.33
2020Detailed filing. Detailed filing data is available for this year.$6.73$0.17$6.56$0.19$0.21$0.02
2019Detailed filing. Detailed filing data is available for this year.$6.51$0.19$6.32$0.33$0.23$0.10
2018Detailed filing. Detailed filing data is available for this year.$5.82$0.21$5.61$0.47$0.25$0.22
2017Detailed filing. Detailed filing data is available for this year.$6.33$0.18$6.16$0.23$0.22$0.01
2016Detailed filing. Detailed filing data is available for this year.$5.84$0.13$5.71$0.15$0.18$0.03
2015Detailed filing. Detailed filing data is available for this year.$5.68$0.30$5.38$0.27$0.35$0.08