Watkins Institute

“The form 990 is prepared by the accounting firm who conducts the audit. The form 990 is based on the audit and is reviewed by the board treasurer, board chair, president, the cfo and the accounting firm prior to submission.”

“Compliance with the conflict of interest policy is done by having the board members complete an annual conflict of interest disclosure form.”

“Negotiations for the compensation of the chief executive were conducted by the organization's chairman and vice chairman and took into consideration salary information available from the chronicle of higher education, the association of independent colleges of art and design and other relevant sources. His appointment became effective on july 15, 2015. The terms of the employment agreement, including the compensation provisions were approved by the entire board and such action is reflected in the minutes of the meeting at which the action was taken. The compensation of the cfo is an internal function done by the president using data on compensation for persons in comparable institutions for comparable positions.”

“Watkins institute makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The form 990 is available to the public upon request and can also be located on the website http://www.givingmatters.com.”

“Contract payments: program service expenses 108,879. Management and general expenses 8,543. Fundraising expenses 27,110. Total expenses 144,532. Work study: program service expenses 64,209. Management and general expenses 35,146. Fundraising expenses 8,280. Total expenses 107,635. Property & equip rentals: program service expenses 56,466. Management and general expenses 6,197. Fundraising expenses 1,581. Total expenses 64,244. Publications: program service expenses 44,607. Management and general expenses 0. Fundraising expenses 4,651. Total expenses 49,258. Communications: program service expenses 44,177. Management and general expenses 992. Fundraising expenses 992. Total expenses 46,161. Program events: program service expenses 42,647. Management and general expenses 1,170. Fundraising expenses 1,561. Total expenses 45,378. Bank fees: program service expenses 0. Management and general expenses 45,326. Fundraising expenses 0. Total expenses 45,326. Dues & subscriptions: program service expenses 9,469. Management and general expenses 31,592. Fundraising expenses 1,814. Total expenses 42,875. Bad debt: program service expenses 6,065. Management and general expenses 30,605. Fundraising expenses 0. Total expenses 36,670. Ra housing: program service expenses 31,925. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,925. Training: program service expenses 9,908. Management and general expenses 3,948. Fundraising expenses 2,125. Total expenses 15,981. Graduation: program service expenses 12,592. Management and general expenses 1,910. Fundraising expenses 0. Total expenses 14,502. Copy expense: program service expenses 8,253. Management and general expenses 2,539. Fundraising expenses 1,904. Total expenses 12,696. Postage: program service expenses 4,720. Management and general expenses 6,592. Fundraising expenses 763. Total expenses 12,075. Library: program service expenses 9,829. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,829. Miscellaneous: program service expenses 3,386. Management and general expenses 6,144. Fundraising expenses 0. Total expenses 9,530. Accreditation: program service expenses 4,361. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,361. Models: program service expenses 1,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,500.”