Civic Intelligence

Watson Clinic Foundation Inc

EIN 59-1100876 • 501(c)3 • Lakeland, FL

Profile

The watson clinic foundation inc. Is organized exclusively for charitable, scientific, and educational purposes. The purposes include the study of causes, characteristics, prevention, and cure of human diseases, the problems of general public hygiene and health, and the promotion of medical, surgical, and scientific research, knowledge, skills, and education. The mission statement of the foundation is to promote the wellness of mankind through education, research, and community service. Accordingly, the foundation promotes the education of the health care professional, the student of health care sciences, and the community.

2901 W Memorial BlvdLakeland, FL 33815

www.watsonclinic.com/WATSON-CLINIC-FOUNDATION

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

83rd percentile

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

15th percentile

-44%

Higher net margin than 15% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

39th percentile

-11%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$308,851

Down $38,965 (-11%) from 2023

Liabilities

Down

$7,960

Down $3,893 (-33%) from 2023

Net Assets

Down

$300,891

Down $35,072 (-10%) from 2023

Revenue

Up

$79,433

Up $19,009 (+31%) from 2023

Expenses

Down

$114,505

Down $44,912 (-28%) from 2023

Net Income

Up

-$35,072

Up $63,921 (+65%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $1,244,124Liabilities 2010: $0Net Assets 2010: $1,244,1242010Assets 2011: $1,339,878Liabilities 2011: $0Net Assets 2011: $1,339,8782011Assets 2012: $1,443,359Liabilities 2012: $0Net Assets 2012: $1,443,3592012Assets 2013: $1,367,064Liabilities 2013: $52,369Net Assets 2013: $1,314,6952013Assets 2014: $1,383,896Liabilities 2014: $15,046Net Assets 2014: $1,368,8502014Assets 2015: $1,207,957Liabilities 2015: $0Net Assets 2015: $1,207,9572015Assets 2016: $1,145,881Liabilities 2016: $0Net Assets 2016: $1,145,8812016Assets 2017: $1,044,796Liabilities 2017: $0Net Assets 2017: $1,044,7962017Assets 2018: $905,642Liabilities 2018: $0Net Assets 2018: $905,6422018Assets 2019: $590,618Liabilities 2019: $0Net Assets 2019: $590,6182019Assets 2020: $298,204Liabilities 2020: $0Net Assets 2020: $298,2042020Assets 2021: $402,359Liabilities 2021: $0Net Assets 2021: $402,3592021Assets 2022: $452,930Liabilities 2022: $17,974Net Assets 2022: $434,9562022Assets 2023: $347,816Liabilities 2023: $11,853Net Assets 2023: $335,9632023Assets 2024: $308,851Liabilities 2024: $7,960Net Assets 2024: $300,8912024

Highlighted filing

2024

Assets$308,851
Liabilities$7,960
Net Assets$300,891

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2010: $301,535Expenses 2010: $327,056Net Income 2010: -$25,5212010Expenses 2011: $254,3392011Expenses 2012: $264,0612012Revenue 2013: $262,747Expenses 2013: $337,628Net Income 2013: -$74,8812013Revenue 2014: $337,323Expenses 2014: $285,391Net Income 2014: $51,9322014Revenue 2015: $284,684Expenses 2015: $402,199Net Income 2015: -$117,5152015Revenue 2016: $198,296Expenses 2016: $290,386Net Income 2016: -$92,0902016Revenue 2017: $78,791Expenses 2017: $215,202Net Income 2017: -$136,4112017Revenue 2018: $65,245Expenses 2018: $179,854Net Income 2018: -$114,6092018Revenue 2019: $183,533Expenses 2019: $485,827Net Income 2019: -$302,2942019Revenue 2020: $78,878Expenses 2020: $387,305Net Income 2020: -$308,4272020Revenue 2021: $292,084Expenses 2021: $191,472Net Income 2021: $100,6122021Revenue 2022: $121,911Expenses 2022: $89,314Net Income 2022: $32,5972022Revenue 2023: $60,424Expenses 2023: $159,417Net Income 2023: -$98,9932023Revenue 2024: $79,433Expenses 2024: $114,505Net Income 2024: -$35,0722024

Highlighted filing

2024

Revenue$79,433
Expenses$114,505
Net Income-$35,072

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.31$0.01$0.30$0.08$0.11$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.35$0.01$0.34$0.06$0.16$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.45$0.02$0.43$0.12$0.09$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.40$0.00$0.40$0.29$0.19$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.30$0.00$0.30$0.08$0.39$0.31
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.00$0.59$0.18$0.49$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.91$0.00$0.91$0.07$0.18$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.04$0.00$1.04$0.08$0.22$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.00$1.15$0.20$0.29$0.09
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.28$0.40$0.12
2014Detailed filing. Detailed filing data is available for this year.$1.38$0.02$1.37$0.34$0.29$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.37$0.05$1.31$0.26$0.34$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.44$0.00$1.44$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.00$1.34$0.25
2010Summary only. Only limited summary data is available for this year.$1.24$0.00$1.24$0.30$0.33$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.1
Gross Receipts
$79,433
Mission and Program Overview

Mission

The watson clinic foundation inc. Is organized exclusively for charitable, scientific, and educational purposes. The purposes include the study of causes, characteristics, prevention, and cure of human diseases, the problems of general public hygiene and health, and the promotion of medical, surgical, and scientific research, knowledge, skills, and education. The mission statement of the foundation is to promote the wellness of mankind through education, research, and community service. Accordingly, the foundation promotes the education of the health care professional, the student of health care sciences, and the community.

The watson clinic foundation, inc. Promotes the wellness of mankind through education, research and community service.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.-$101,989
THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCH$5,250$5,250
THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT.-$4,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM J ROTH MDChairman Of The Board-$0--
JASON HIRSBRUNNERSecretary & Treasurer-$0--
PRANAY C PATEL MDBoard Member-$0--
M Shane GLORBoard Member-$0--
JARETT A GREGORY MDBoard Member-$0--
JASON C SAYLOR MDBoard Member-$0--
RANDY V HEYSEK MDBoard Member-$0--
KIM BRUNSONExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Watson Clinic Foundation Inc
EIN
59-1100876
Phone
8638026220
Address
2901 W Memorial Blvd, Lakeland, FL 33815

Signing Officer

Name
William Roth
Title
Chair
Phone
8638026220
Signed
2025-11-07
Discuss with paid preparer
Yes

Preparer

Firm
Crowe LLP
Address
5810 Tennyson Parkway Suite 450, Plano, TX 75024-4112
Preparer
Amy Bellanca
Phone
2147775200
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10 Grants Paid

Activity:arts in medicine;grantee name:polk arts & cultural alliance;grantee address:po box 727 , bartow, fl, 33831-0727, us;amount:5000;relationship:none;

Form 990-EZ, Part I, Line 16 Other Expenses

Educational Meetings - 4500; Dues and Accreditation - 791; Prizes and Promotional Gifts - 9; Travel - 1622; Program Expenses - 29096; Advertising - 5000; Office Expenses - 5;

Form 990-EZ, Part II, Line 24B Other Assets

Equipment - BOY:310,EOY:0;

Form 990-EZ, Part II, Line 26B Total Liabilities

Payable to Watson Clinic LLP - BOY:11853,EOY:7960;

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

The watson clinic foundation, inc. Promotes the wellness of mankind through education, research and community service.

Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES

The foundation supports physicians for research that is imperative to advance the pool of medical knowledge related to prevention and treatment of diseases. The purpose of the program is to improve patient care from the knowledge obtained through the research process.

Form 990EZ, Part III, Line 29 DESCRIPTION OF OTHER PROGRAM SERVICES

The foundation presents various awards annually to those individuals demonstrating excellence in such areas as research, clinical studies, and nursing. Also the foundation grants funding annually to those organizations committed to the wellbeing of the community by providing free quality medical care, supporting educational outreach programs, and furthering available medical knowledge through scientific research

Form 990EZ, Part III, Line 30 DESCRIPTION OF OTHER PROGRAM SERVICES

The foundation offers continuing medical education programs to health care providers and is accredited by the florida medical association. The purpose is to expand the knowledge base of health care professionals, ensuring that patients in the community receive the most comprehensive medical treatment.

Form 990-EZ, Part V, Line 34 Changes to governing documents

The governing documents were amended in the following ways: - the organization no longer has members. Previously all partners of watson clinic llp were considered members of the foundation. - the number of directors must be no less than four and may increase to an amount the board deems appropriate. - under direction of the board an executive director shall be appointed to run the day to day operations of the foundation.

Raw XML Appendix232 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY:ARTS IN MEDICINE;GRANTEE NAME:POLK ARTS & CULTURAL ALLIANCE;GRANTEE ADDRESS:PO BOX 727 , BARTOW, FL, 33831-0727, US;AMOUNT:5000;RELATIONSHIP:NONE;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Educational Meetings - 4500; Dues and Accreditation - 791; Prizes and Promotional Gifts - 9; Travel - 1622; Program Expenses - 29096; Advertising - 5000; Office Expenses - 5;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Equipment - BOY:310,EOY:0;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Payable to Watson Clinic LLP - BOY:11853,EOY:7960;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE WATSON CLINIC FOUNDATION, INC. PROMOTES THE WELLNESS OF MANKIND THROUGH EDUCATION, RESEARCH AND COMMUNITY SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATION SUPPORTS PHYSICIANS FOR RESEARCH THAT IS IMPERATIVE TO ADVANCE THE POOL OF MEDICAL KNOWLEDGE RELATED TO PREVENTION AND TREATMENT OF DISEASES. THE PURPOSE OF THE PROGRAM IS TO IMPROVE PATIENT CARE FROM THE KNOWLEDGE OBTAINED THROUGH THE RESEARCH PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION PRESENTS VARIOUS AWARDS ANNUALLY TO THOSE INDIVIDUALS DEMONSTRATING EXCELLENCE IN SUCH AREAS AS RESEARCH, CLINICAL STUDIES, AND NURSING. ALSO THE FOUNDATION GRANTS FUNDING ANNUALLY TO THOSE ORGANIZATIONS COMMITTED TO THE WELLBEING OF THE COMMUNITY BY PROVIDING FREE QUALITY MEDICAL CARE, SUPPORTING EDUCATIONAL OUTREACH PROGRAMS, AND FURTHERING AVAILABLE MEDICAL KNOWLEDGE THROUGH SCIENTIFIC RESEARCH
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOUNDATION OFFERS CONTINUING MEDICAL EDUCATION PROGRAMS TO HEALTH CARE PROVIDERS AND IS ACCREDITED BY THE FLORIDA MEDICAL ASSOCIATION. THE PURPOSE IS TO EXPAND THE KNOWLEDGE BASE OF HEALTH CARE PROFESSIONALS, ENSURING THAT PATIENTS IN THE COMMUNITY RECEIVE THE MOST COMPREHENSIVE MEDICAL TREATMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE GOVERNING DOCUMENTS WERE AMENDED IN THE FOLLOWING WAYS: - THE ORGANIZATION NO LONGER HAS MEMBERS. PREVIOUSLY ALL PARTNERS OF WATSON CLINIC LLP WERE CONSIDERED MEMBERS OF THE FOUNDATION. - THE NUMBER OF DIRECTORS MUST BE NO LESS THAN FOUR AND MAY INCREASE TO AN AMOUNT THE BOARD DEEMS APPROPRIATE. - UNDER DIRECTION OF THE BOARD AN EXECUTIVE DIRECTOR SHALL BE APPOINTED TO RUN THE DAY TO DAY OPERATIONS OF THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10 Grants Paid
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part II, Line 24b Other Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 26b Total Liabilities
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part III, Line 29 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part III, Line 30 DESCRIPTION OF OTHER PROGRAM SERVICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part V, Line 34 Changes to governing documents
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William Roth
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum08638026220
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Watson Clinic Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0WATS
ReturnHeader/Filer/EIN0591100876
ReturnHeader/Filer/PhoneNum08638026220
ReturnHeader/Filer/USAddress/AddressLine1Txt02901 W Memorial Blvd
ReturnHeader/Filer/USAddress/CityNm0Lakeland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033815
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350921680
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Crowe LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05810 Tennyson Parkway Suite 450
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Plano
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0750244112
ReturnHeader/PreparerPersonGrp/PhoneNum02147775200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Amy Bellanca
ReturnHeader/ReturnTs02025-11-07T16:37:35+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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