Civic Intelligence

Trust B Under the Will of H C Watson Deceased

990 • Fiscal year 2019 • EIN 54-6098265

Jan 01, 2019 to Dec 31, 2019 • Filed on Mar 02, 2020

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

27th percentile

0.03x

Higher debt load relative to assets than 27% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

75th percentile

0.58x

Higher debt load relative to revenue than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$5,082

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

72nd percentile

12%

Faster asset growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

10th percentile

-30%

Faster revenue growth than 10% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$6,507,989

Up $690,142 (+12%) from 2018

Net Assets

Up

$6,318,667

Up $709,006 (+13%) from 2018

Liabilities

Down

$189,322

Down $18,864 (-9.1%) from 2018

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin84th percentile

Revenue

Down

$328,051

Down $139,189 (-30%) from 2018

Expenses

Down

$228,864

Down $20,167 (-8.1%) from 2018

Net Income

Down

$99,187

Down $119,022 (-55%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2019

Assets$6,507,989
Liabilities$189,322
Net Assets$6,318,667
Open 2019 Filing

Operations Trend

Revenue Growth10th 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

2019

Revenue$328,051
Expenses$228,864
Net Income$99,187
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Mar 2, 2020
Return Version
2019v5.0
Gross Receipts
$650,130
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$5,421,708$6,164,689▲ $742,981
Savings and Temporary Cash Investments$373,819$327,550▼ $46,269
Land, Buildings, and Equipment, Net$15,615$12,622▼ $2,993
Prepaid Expenses and Deferred Charges$6,705$3,128▼ $3,577
Total Assets$5,817,847$6,507,989▲ $690,142
Liabilities
Other Liabilities$196,629$175,671▼ $20,958
Accounts Payable and Accrued Expenses$11,557$13,651▲ $2,094
Total Liabilities$208,186$189,322▼ $18,864
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,609,661$6,318,667▲ $709,006
Total Net Assets Fund Balance$5,609,661$6,318,667▲ $709,006
Total Liabilities and Net Assets / Fund Balance$5,817,847$6,507,989▲ $690,142

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$12,222$57,600$69,822
Land$400-$400
Compensation and Service Providers
Top Officer Pay21st percentile

Employees

NameTitleBaseTotal
Howard C Wessells IiTrustee$5,082$5,082
Jerry G EvansTrustee$5,082$5,082
Benjamin G RewTrustee$4,582$4,582
Herbert B Rew JrTrustee$500$500
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$324,111
Other Revenue
$3,940
Change in Net Assets
$99,187

Audited Revenue Reconciliation

Revenue per Audited Statements
$328,051
Total Revenue per Audited Statements
$328,051
Total Revenue per Form 990
$328,051
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$198,449
Salaries, Compensation, and Employee Benefits$30,415
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$175,671$6,587-$182,258
Current Officers, Directors, Trustees, and Key Employees-$29,329-$29,329
Fees for Services Accounting-$12,100-$12,100
Insurance-$1,680-$1,680
Payroll Taxes-$1,086-$1,086
Depreciation Depletion-$931-$931
Occupancy-$774-$774
Office Expenses-$666-$666
Advertising-$40-$40
Total Functional Expenses$175,671$53,193$0$228,864

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,864
Total Expenses per Audited Statements$228,864
Total Expenses per Form 990$228,864
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$175,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“REVIEWED BY TRUSTEES”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

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
Jerry G Evans
Title
Trustee
Signed
2020-03-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry G Evans
Voting Board Members
3
Independent Board Members
3
Employees
1

Preparer

Firm
Jones CPA Group Pc
Address
120 ATLANTIC STREET SUITE 300, NORFOLK, VA 23510-1729
Preparer
Stephen M Jones CPA
Phone
7576277672
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Filing & recording 0 3,184 0 surety bond 0 3,403 0 distribution to colleges 175,671 0 0 total 175,671 6,587 0”

Form 990, Part XI, Line 9

“Realized loss previously recognized 0 unrealized gain(loss) 0 unrealized gain/loss 609,819 total 609,819”

Raw XML Appendix349 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/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FILING & RECORDING 0 3,184 0 SURETY BOND 0 3,403 0 DISTRIBUTION TO COLLEGES 175,671 0 0 TOTAL 175,671 6,587 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REALIZED LOSS PREVIOUSLY RECOGNIZED 0 UNREALIZED GAIN(LOSS) 0 UNREALIZED GAIN/LOSS 609,819 TOTAL 609,819
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt05817847
IRS990/TotalAssetsEOYAmt06507989
IRS990/TotalAssetsGrp/BOYAmt05817847
IRS990/TotalAssetsGrp/EOYAmt06507989
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IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt053193
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0175671
IRS990/TotalFunctionalExpensesGrp/TotalAmt0228864
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0208186
IRS990/TotalLiabilitiesEOYAmt0189322
IRS990/TotalLiabilitiesGrp/BOYAmt0208186
IRS990/TotalLiabilitiesGrp/EOYAmt0189322
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05609661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06318667
IRS990/TotalProgramServiceExpensesAmt0175671
IRS990/TotalReportableCompFromOrgAmt015246
IRS990/TotalRevenueGrp/ExclusionAmt03940
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0324111
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0328051
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05817847
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06507989
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IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WATSONMEMORIALSCHOLARSHIPS.COM
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY G EVANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-03-02
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
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.169.132.118
ReturnHeader/FilingSecurityInformation/IPDt02020-03-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm015:03:25
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541208437
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JONES CPA GROUP PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 ATLANTIC STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0235101729
ReturnHeader/PreparerPersonGrp/PhoneNum07576277672
ReturnHeader/PreparerPersonGrp/PreparationDt02020-02-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN M JONES CPA
ReturnHeader/ReturnTs02020-03-18T15:03:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$6,507,989
Liabilities
$189,322
Net assets
$6,318,667
Revenue
$328,051
Expenses
$228,864
Net income
$99,187
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