Civic Intelligence

Watson Clinic Foundation Inc.

990 • Fiscal year 2017 • EIN 59-1100876

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 19, 2018

2901 W Memorial BlvdLakeland, FL 33815

(863) 802-6220

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

2nd percentile

-173%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

13th percentile

-8.8%

Faster asset growth than 13% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

3rd percentile

-60%

Faster revenue growth than 3% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$1,044,796

Down $101,085 (-8.8%) from 2016

Net Assets

Down

$1,044,796

Down $101,085 (-8.8%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Down

$78,791

Down $119,505 (-60%) from 2016

Expenses

Down

$215,202

Down $75,184 (-26%) from 2016

Net Income

Down

-$136,411

Down $44,321 (-48%) from 2016

Historical Trend

Balance Sheet Trend

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

$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

2017

Assets$1,044,796
Liabilities$0
Net Assets$1,044,796

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2017

Revenue$78,791
Expenses$215,202
Net Income-$136,411
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 19, 2018
Return Version
2017v2.2
Gross Receipts
$353,506
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,145,881$1,044,796▼ $101,085
Investments in Publicly Traded Securities$1,118,741$1,010,921▼ $107,820
Cash and Non-Interest-Bearing Accounts$22,290$29,465▲ $7,175
Savings and Temporary Cash Investments$4,535$4,213▼ $322
Land, Buildings, and Equipment, Net$315$171▼ $144
Accounts Receivable$0$26▲ $26
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0$0→ $0
Total Assets$1,145,881$1,044,796▼ $101,085
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,145,881$1,044,796▼ $101,085
Total Liabilities and Net Assets / Fund Balance$1,145,881$1,044,796▼ $101,085

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$171$34,991$35,162
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Board Chairman
-President
-Board Member
-Secretary and Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,025
Program Service Revenue
$0
Investment Income
$20,720
Other Revenue
$-4,954
All Other Contributions
$15,115
Change in Net Assets
$-136,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,381
Grants and Similar Amounts Paid$14,821
Total Fundraising Expense$4,430
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy-$32,604-$32,604
Grants to Domestic Orgs$13,321--$13,321
Office Expenses$4,392$8,153-$12,545
Fees for Services Accounting-$12,200-$12,200
Conferences and Meetings$9,915$700-$10,615
Information Technology--$4,430$4,430
Advertising$2,993$414-$3,407
Other Expenses$83,475$3,361-$3,361
Grants to Domestic Individuals$1,500--$1,500
Depreciation Depletion-$144-$144
Total Functional Expenses$115,596$95,176$4,430$215,202
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$7,679
Gaming Gross Income$3,000
Gaming Direct Expenses$1,475
Fundraising Gross Income$1,200
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$49,110$1,200$3,292$-2,092
Event 2-$0-$0
Total Events$49,110$1,200$7,679$-6,479
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$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15A PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS

The organization does not have any board members, officers, or employees that are paid by the foundation. The instructions indicate these should be marked "no" when they are not applicable.

Form 990, Part VI, Line 15B PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS

The organization does not have any board members, officers, or employees that are paid by the foundation. The instructions indicate these should be marked "no" when they are not applicable.

Form 990, Part VI, Line 6 Classes of members or stockholders

The foundation has two members, each of a different class. The first class is the partners of watson clinic llp, who have the right to participate in the foundation's governance. The second class is lakeland volunteers in medicine which would receive the foundation's assets upon dissolution.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The partners of watson clinic llp can elect the members of the board of directors.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The decisions made by the board of directors related to the foundation's by-laws are subject to the approval of the watson clinic llp partners.

Form 990, Part VI, Line 11B Review of form 990 by governing body

A copy of the foundation's form 990 is sent electronically to all board members prior to filing with the irs. In addition, the form 990 is reviewed in detail by the president of the foundation before it is filed.

Form 990, Part VI, Line 19 Required documents available to the public

Financial statements, governing documents, and conflict of interest policies are not required disclosures pursuant to irc section 6104. These documents are not available to the public at this time.

Form 990, Part VII, Section A Officers and Directors

A majority of the board members of the Watson Clinic Foundation, Inc. are employed by, or are partners of, the Watson Clinic LLP.

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
Richard J Cardosi
Title
President
Signed
2018-07-19
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
42

Preparer

Firm
Crowe Llp
Address
401 East Las Olas Blvd Suite 1100, Fort Lauderdale, FL 33301-4230
Preparer
Brittney Kocaj
Phone
9542028600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 ORGANIZATION'S MISSION

(continued from form 990, part iii, line 1) 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.

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 13,432 including grants of $ 13,432)(Revenue $ 0) 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.

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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SALARIES REIMBURSEMENT
IRS990/OtherExpensesGrp/Desc1DUES AND ACCREDITATION
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt037600
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13361
IRS990/OtherExpensesGrp/ProgramServicesAmt083475
IRS990/OtherExpensesGrp/TotalAmt0121075
IRS990/OtherExpensesGrp/TotalAmt13361
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Richard J Cardosi MD
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION OFFERS FREE EDUCATIONAL AND OUTREACH PROGRAMS OPEN TO THE ENTIRE COMMUNITY. THE PURPOSE IS TO BUILD AND SUSTAIN A HEALTHY COMMUNITY. EXAMPLES INCLUDE CANCER PREVENTION DISCUSSIONS AND SEPARATE SEMINARS FOCUSED ON MEN'S AND WOMEN'S HEALTH. FREE SCREENINGS FOR SKIN CANCER ARE AVAILABLE THROUGHOUT THE YEAR. LOCAL COMMUNITY OUTREACH INCLUDES A COMPREHENSIVE ARTS IN MEDICINE PROGRAM, WHICH USES HEALING ARTS TO PROMOTE COMFORT AND WELLBEING FOR CANCER PATIENTS AND FAMILIES IN THE WAITING AREAS AND CHEMOTHERAPY AND RADIATION ROOMS OF THE CENTER FOR CANCER CARE & RESEARCH.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt024689
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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. MORE THAN 600 PROVIDERS ATTENDED THE 18 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt016407
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01389
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013432
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt013432
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0185090
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt027048
IRS990/PYInvestmentIncomeAmt018381
IRS990/PYOtherExpensesAmt0263338
IRS990/PYOtherRevenueAmt0-5175
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-92090
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0290386
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0198296
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-136411
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01145881
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01044796
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04535
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04213
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - OTHER INCOME, COLUMN A - 11750.0, COLUMN B - 10700.0, COLUMN C - 8100.0, COLUMN D - 4400.0, COLUMN E - 4200.0, COLUMN F - 39150.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10 Other Income
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt063025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0185090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0270257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0321399
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0264127
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01103898
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025669
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt021380
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt027244
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt034234
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020162
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0128689
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04400
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08100
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt011750
IRS990ScheduleA/OtherIncome170Grp/TotalAmt039150
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.5902
IRS990ScheduleA/PublicSupportPY170Pct00.5808
IRS990ScheduleA/PublicSupportTotal170Amt0750637
IRS990ScheduleA/SubstantialContributorsTotAmt0353261
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt063025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0185090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0270257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0321399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0264127
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01103898
IRS990ScheduleA/TotalSupportAmt01271737
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0171
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034991
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035162
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0171
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt047910
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt047910
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07679
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02623
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02623
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt049110
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01200
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-6479
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03292
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03292
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt01764
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt01764
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0(continued from form 990, part iii, line 1) 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(Expenses $ 13,432 including grants of $ 13,432)(Revenue $ 0) 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY BOARD MEMBERS, OFFICERS, OR EMPLOYEES THAT ARE PAID BY THE FOUNDATION. THE INSTRUCTIONS INDICATE THESE SHOULD BE MARKED "NO" WHEN THEY ARE NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT HAVE ANY BOARD MEMBERS, OFFICERS, OR EMPLOYEES THAT ARE PAID BY THE FOUNDATION. THE INSTRUCTIONS INDICATE THESE SHOULD BE MARKED "NO" WHEN THEY ARE NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION HAS TWO MEMBERS, EACH OF A DIFFERENT CLASS. THE FIRST CLASS IS THE PARTNERS OF WATSON CLINIC LLP, WHO HAVE THE RIGHT TO PARTICIPATE IN THE FOUNDATION'S GOVERNANCE. THE SECOND CLASS IS LAKELAND VOLUNTEERS IN MEDICINE WHICH WOULD RECEIVE THE FOUNDATION'S ASSETS UPON DISSOLUTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PARTNERS OF WATSON CLINIC LLP CAN ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE DECISIONS MADE BY THE BOARD OF DIRECTORS RELATED TO THE FOUNDATION'S BY-LAWS ARE SUBJECT TO THE APPROVAL OF THE WATSON CLINIC LLP PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7A COPY OF THE FOUNDATION'S FORM 990 IS SENT ELECTRONICALLY TO ALL BOARD MEMBERS PRIOR TO FILING WITH THE IRS. IN ADDITION, THE FORM 990 IS REVIEWED IN DETAIL BY THE PRESIDENT OF THE FOUNDATION BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO IRC SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9A majority of the board members of the Watson Clinic Foundation, Inc. are employed by, or are partners of, the Watson Clinic LLP.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 1 ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part III, Line 4d Description of other program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15b PROCESS FOR DETERMINING COMPENSATION FOR TOP OFFICIALS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VII, Section A Officers and Directors
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0592829559
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C Corporation
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MEDICAL RESEARCH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WATSON CLINIC CENTER FOR RESEARCH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt01600 LAKELAND HILLS BOULEVARD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0LAKELAND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd033805
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0590704934
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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
2017Detailed filing. Detailed filing data is available for this year.$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