Civic Intelligence

Watson Clinic Foundation Inc.

990 • Fiscal year 2020 • EIN 59-1100876

Jan 01, 2020 to Dec 31, 2020 • Filed on May 20, 2021

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

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

3rd percentile

-391%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

8th percentile

-50%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-57%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$298,204

Down $292,414 (-50%) from 2019

Net Assets

Down

$298,204

Down $292,414 (-50%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$78,878

Down $104,655 (-57%) from 2019

Expenses

Down

$387,305

Down $98,522 (-20%) from 2019

Net Income

Down

-$308,427

Down $6,133 (-2.0%) from 2019

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

2020

Assets$298,204
Liabilities$0
Net Assets$298,204

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

2020

Revenue$78,878
Expenses$387,305
Net Income-$308,427
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 20, 2021
Return Version
2020v4.0
Gross Receipts
$399,127
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$590,618$298,204▼ $292,414
Investments in Publicly Traded Securities$521,518$217,376▼ $304,142
Cash and Non-Interest-Bearing Accounts$50,888$68,644▲ $17,756
Savings and Temporary Cash Investments$13,875$8,922▼ $4,953
Land, Buildings, and Equipment, Net$4,247$3,262▼ $985
Accounts Receivable$90$0▼ $90
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Intangible Assets$0--
Loans From Officers Directors$0$0→ $0
Total Assets$590,618$298,204▼ $292,414
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$590,618$298,204▼ $292,414
Total Liabilities and Net Assets / Fund Balance$590,618$298,204▼ $292,414

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,262$5,631$8,893
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
$53,570
Program Service Revenue
$0
Investment Income
$25,308
Other Revenue
$0
All Other Contributions
$53,570
Change in Net Assets
$-308,427
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$227,217
Other Expenses$160,088
Total Fundraising Expense$5,427
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$226,717--$226,717
Advertising$22,047--$22,047
Fees for Services Accounting-$7,589-$7,589
Information Technology--$5,427$5,427
Conferences and Meetings$221$4,508-$4,729
Office Expenses$2,104$1,254-$3,358
Depreciation Depletion$984--$984
Grants to Domestic Individuals$500--$500
Other Expenses$57,474$260-$260
Total Functional Expenses$310,047$71,831$5,427$387,305
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Breast Cancer Foundation of Central FloridaLakeland, FL501(c)(3)General Support$100,000
CancercareNew York, NY501(c)(3)General Support$50,000
The Hope FoundationAnn Arbor, MI501(c)(3)General Support$50,000
Volunteers in Service to the ElderlyLakeland, FL501(c)(3)General Support$15,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $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 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
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 1A Delegate broad authority to A committee

The Board may, by resolution, designate two or more of their number to constitute an Executive Committee, which, to the extent provided in such resolution, shall have the powers of the Board of Directors between meetings of the Board of Directors.

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
Galina Vugman
Title
President
Signed
2021-05-20
Discuss with paid preparer
Yes

Organization Details

Formed
1960
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
11

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 STUDY OF HEALTH CARE SCIENCES, AND THE COMMUNITY.

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

(Expenses $ 8,486 including grants of $ 0)(Revenue $ 0) 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. MORE THAN 40 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.

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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Galina Vugman MD
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/ExpenseAmt043927
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0THE 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08734
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/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 40 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt08486
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0102210
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0267322
IRS990/PYInvestmentIncomeAmt087109
IRS990/PYOtherExpensesAmt0218505
IRS990/PYOtherRevenueAmt0-5786
IRS990/PYRevenuesLessExpensesAmt0-302294
IRS990/PYTotalExpensesAmt0485827
IRS990/PYTotalRevenueAmt0183533
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-308427
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0590618
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0298204
IRS990/SavingsAndTempCashInvstGrp/BOYAmt013875
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08922
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DESCRIPTION - OTHER INCOME, COLUMN A - 4400.0, COLUMN B - 4200.0, COLUMN C - 4000.0, COLUMN D - 3150.0, COLUMN E - 0.0, COLUMN F - 15750.0;
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10 Other Income
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt053570
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0102210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt058909
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt063025
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0185090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0462804
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt013557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt020339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt024545
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt025669
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt021380
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0105490
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03150
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04200
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt04400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt015750
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.6869
IRS990ScheduleA/PublicSupportPY170Pct00.6447
IRS990ScheduleA/PublicSupportTotal170Amt0401166
IRS990ScheduleA/SubstantialContributorsTotAmt061638
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt053570
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0102210
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt058909
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt063025
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0185090
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0462804
IRS990ScheduleA/TotalSupportAmt0584044
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt03262
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05631
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt08893
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03262
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/CashGrantAmt315000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BREAST CANCER FOUNDATION OF CENTRAL FLORIDA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CANCERCARE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2THE HOPE FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3VOLUNTEERS IN SERVICE TO THE ELDERLY
IRS990ScheduleI/RecipientTable/RecipientEIN0431881450
IRS990ScheduleI/RecipientTable/RecipientEIN1131825919
IRS990ScheduleI/RecipientTable/RecipientEIN2742655302
IRS990ScheduleI/RecipientTable/RecipientEIN3592625297
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 2508
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1275 SEVENTH AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt224 FRANK LLOYD WRIGHT DRIVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt31232 E MAGNOLIA STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAKELAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ANN ARBOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm3LAKELAND
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd033806
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd110001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248105
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd333801
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION'S SCHOLARSHIPS REPRESENT INDIVIDUAL AWARDS TO QUALIFIED RECIPIENTS IN RECOGNITION OF SCIENTIFIC AND EDUCATIONAL ACHIEVEMENTS. THE FOUNDATION DOES NOT NOMINATE CANDIDATES, NOR DOES IT ADVISE ON THE NOMINATION PROCESS, AS THESE PROCEDURES ARE ADMINISTERED AND SUPERVISED BY THE RESPECTIVE MEDICAL SCHOOL'S DEAN OR CHAIRPERSON. THE SCHOLARSHIP AWARDS ARE PRESENTED TO RECIPIENTS IN RECOGNITION OF PAST SCIENTIFIC AND EDUCATIONAL ACHIEVEMENTS AND ARE FOR GENERAL SUPPORT, AND THERE FORE, USE OF THE FUNDS IS NOT MONITORED. THE GRANTS PROVIDED TO AMGA FOUNDATION, BREAST CANCER FOUNDATION OF CENTRAL FLORIDA, CANCERCARE, LOVE LAKELAND, OPTIONS FOR WOMAN, THE HOPE FOUNDATION, AND VOLUNTEERS IN SERVICE TO THE ELDERLY ARE INTENDED TO BE USED FOR GENERAL SUPPORT OF THE ORGANIZATION. THEREFORE, THE FOUNDATION DOES NOT MONITOR THE USE OF THE GRANT FUNDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
IRS990ScheduleI/Total501c3OrgCnt04
IRS990ScheduleI/TotalOtherOrgCnt00
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 STUDY OF HEALTH CARE SCIENCES, AND THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1(Expenses $ 8,486 including grants of $ 0)(Revenue $ 0) 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. MORE THAN 40 PROVIDERS ATTENDED THE 4 PHYSICIAN EDUCATION PROGRAMS CONDUCTED DURING THE YEAR.
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 Board may, by resolution, designate two or more of their number to constitute an Executive Committee, which, to the extent provided in such resolution, shall have the powers of the Board of Directors between meetings of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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/ExplanationTxt6THE PARTNERS OF WATSON CLINIC LLP CAN ELECT THE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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/ExplanationTxt8A 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/ExplanationTxt9FINANCIAL 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/ExplanationTxt10A 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 1a Delegate broad authority to a committee
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 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/PrimaryActivitiesTxt0MEDICAL RESEARCH
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0WATSON CLINIC CENTER FOR RESEARCH
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

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
2020Detailed filing. Detailed filing data is available for this year.$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