Civic Intelligence

Hunter Brooks Watson Memorial Fund

990 • Fiscal year 2021 • EIN 83-0574041

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 26, 2022

Organization Profilewww.hunterwatson.org
PO Box 326McLean, VA 22101

(703) 587-2777

Siviq Scores

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

Liabilities / Assets

48th percentile

0.02x

Higher debt load relative to assets than 48% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

48th percentile

0.02x

Higher debt load relative to revenue than 48% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

87th percentile

51%

Higher net margin than 87% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

88th percentile

74%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

94th percentile

210%

Faster revenue growth than 94% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$560,822

Up $238,634 (+74%) from 2020

Net Assets

Up

$549,103

Up $234,059 (+74%) from 2020

Liabilities

Up

$11,719

Up $4,575 (+64%) from 2020

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin87th percentile

Revenue

Up

$484,853

Up $328,484 (+210%) from 2020

Expenses

Up

$237,616

Up $61,323 (+35%) from 2020

Net Income

Up

$247,237

Up $267,161 (+1341%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$800K$600K$400K$200K$0Assets 2019: $235,296Liabilities 2019: $3,743Net Assets 2019: $231,5532019Assets 2020: $322,188Liabilities 2020: $7,144Net Assets 2020: $315,0442020Assets 2021: $560,822Liabilities 2021: $11,719Net Assets 2021: $549,1032021Assets 2022: $387,904Liabilities 2022: $22,676Net Assets 2022: $365,2282022Assets 2023: $439,755Liabilities 2023: $5,253Net Assets 2023: $434,5022023Assets 2024: $648,288Liabilities 2024: $17,251Net Assets 2024: $631,0372024

Highlighted filing

2021

Assets$560,822
Liabilities$11,719
Net Assets$549,103
Open 2021 Filing

Operations Trend

Revenue Growth94th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $383,645Expenses 2019: $204,529Net Income 2019: $179,1162019Revenue 2020: $156,369Expenses 2020: $176,293Net Income 2020: -$19,9242020Revenue 2021: $484,853Expenses 2021: $237,616Net Income 2021: $247,2372021Revenue 2022: $223,619Expenses 2022: $259,488Net Income 2022: -$35,8692022Revenue 2023: $126,305Expenses 2023: $286,694Net Income 2023: -$160,3892023Revenue 2024: $323,598Expenses 2024: $307,320Net Income 2024: $16,2782024

Highlighted filing

2021

Revenue$484,853
Expenses$237,616
Net Income$247,237
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 26, 2022
Return Version
2021v4.2
Gross Receipts
$579,700
Mission and Program Overview

Mission

Hunter's Fund has dual missions in support of young adults. The first is to provide resources to help advance the dreams of passionate, curious young people. The second is to reduce deaths and injuries from distracted driving by increasing awareness among young drivers and gaining their commAt Hunter's Fund we're supporting young men and women of diverse interests and talents, so they can let their passions shine.Our inspiration and our mission come from Hunter himself. He was a young man of extremely diverse talents and interests. Wherever he went, whatever he did, he brought a spark and a smile and a contagious energy that inspired those around him.

Hunter's Fund seeks out young people with promising ideas to support and funds safe driving campaign on school campuses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$94,102$389,005▲ $294,903
Investments in Publicly Traded Securities$228,086$146,191▼ $81,895
Accounts Receivable-$25,626-
Total Assets$322,188$560,822▲ $238,634
Liabilities
Accounts Payable and Accrued Expenses$7,144$11,719▲ $4,575
Total Liabilities$7,144$11,719▲ $4,575
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$315,044$549,103▲ $234,059
Total Net Assets Fund Balance$315,044$549,103▲ $234,059
Total Liabilities and Net Assets / Fund Balance$322,188$560,822▲ $238,634
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Jordan ParentPresident
Mandeleine BunburyVice President
Connor SweeneyDirector
Emma RothmanDirector
Jack JohnsonDirector
Liam CattoDirector
Matt KimmDirector
Mattieu MenandDirector
Nirmal KagolanuDirector
Sam BrownDirector
Will SnapeDirector
Jason ReifTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$493,015
Program Service Revenue
$0
Investment Income
$-8,162
Other Revenue
$0
All Other Contributions
$489,303
Change in Net Assets
$247,237

Audited Revenue Reconciliation

Revenue per Audited Statements
$484,853
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-13,178
Total Revenue per Audited Statements
$471,675
Total Revenue per Form 990
$484,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,296
Grants and Similar Amounts Paid$71,992
Salaries, Compensation, and Employee Benefits$55,328
Total Fundraising Expense$13,934
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$37,603$13,153-$50,756
Grants to Domestic Individuals$32,592--$32,592
Grants to Domestic Orgs$32,193--$32,193
Fees for Services Accounting-$8,431-$8,431
Advertising$5,351$1,189$1,172$7,712
Foreign Grants$7,207--$7,207
Payroll Taxes$3,384$1,188-$4,572
Fees for Services Legal-$3,401-$3,401
Office Expenses$300$1,959$162$2,421
Other Expenses$12,019$1,997$1,136$1,997
Information Technology$672-$835$1,507
Travel-$638$86$724
Fees for Services Other$210$118-$328
Total Functional Expenses$190,484$33,198$13,934$237,616

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,616
Total Expenses per Audited Statements$237,616
Total Expenses per Form 990$237,616
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phi Kappa Psi FoundationIndianapolis, IN-Supports the educational and leadership programs of this non-profit organization which assists the Hunter Brooks Watson Memorial Fund on college campuses to encourage students to sign Hunter's Pledge to End Dristracted Driving.$21,541
Syracuse UniversitySyracuse, NY-Entrpreneurship awards.$10,000

International Summary

Offices
0
Employees
0
Spending
$7,207

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Grant recipients located in region-00$7,207
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

“The Program Director and Grants Administrator review the 990 and provide the final copy to the Board of Directors.”

Form 990, Part VI, Section B, line 12C

“The conflict of interest policy is reviewed annually. A copy of the conflict of interest policy is available to the public upon request.”

Form 990, Part VI, Section C, line 18

“990 forms are made available on a charity rating website called Guidestar.”

Form 990, Part VI, Section C, line 19

“The governing documents, including the conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Hunter Brooks Watson Memorial Fund
EIN
83-0574041
Phone
7035872777
Address
PO Box 326, McLean, VA 22101

Signing Officer

Name
Jordan Parent
Title
President
Phone
7035872777
Signed
2022-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jordan Parent
Formed
2018
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
1,150

Preparer

Firm
Kositzka Wicks and Company
Address
5270 Shawnee Road Suite 250, Alexandria, VA 22312
Preparer
Jennica Jardine Whitfield CPA
Phone
7036422700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Organzation has a finance committee that oversees the selection of the independent auditor and the outside accountants.”

Financial Statement Notes

Part X, Line 2:

“Hunter's Fund is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Income from certain activities not directly related to Hunter's Fund's exempt purpose is subject to taxation as unrelated business income. Hunter's Fund had no unrelated business income for the year ended December 31, 2021.”

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IRS990/Desc0The Hunter Brooks Watson Memorial Fund believes young people hold the answers to where the next great ideas come from, who will provide insight, inspiration, and hard work to create a better tomorrow. Young people are using their talents and passions to find ways to improve the world. Their dreams are of things yet to be seen. While we don't know what tomorrow will bring, we do know that today's youth and their ideas will be propelling the changes to come. Hunter's Fund invests in young people (16-25) who have demonstrated talent, experience, and passion. These grants reward innovation and provide support for young people who approach life with powerful ideas. Preference is given to applications in the areas of music, performing arts, computer science, and entrepreneurship.
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IRS990/MissionDesc0Hunter's Fund has dual missions in support of young adults. The first is to provide resources to help advance the dreams of passionate, curious young people. The second is to reduce deaths and injuries from distracted driving by increasing awareness among young drivers and gaining their commitment to change.At Hunter's Fund, we support young men and women of diverse interests and talents, so they can let their passions shine.Our inspiration and our mission come from Hunter himself. He was a young man of extremely diverse talents and interests. Wherever he went, whatever he did, he brought a spark and a smile and a contagious energy that inspired those around him.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Safe Driving Programs Hunter Watson died as a passenger in a distracted driving accident just as he was to enter his junior year in college. Distracted driving accidents are preventable and changing behavior is one of the most promising ways of reducing accidents caused by distracted driving. Studies based upon seat belt usage and disposable waste have shown that signing a written pledge can effectively change behavior. Research also shows that per-mile-driven, 16-19 year-olds die in fatal car crashes at nearly three times the rate of drivers 20 years and older, and 70% of teens report using social media. The loss of someone in a driving accident at such a young age can change the lives of their friends and famalies for a lifetime. In 2021, the Hunter Brooks Watson Memorial Fund prepared campaign material to fund safe driving campaigns on 45 college and high school campuses. COVID-19 restrictions began impacting thses campaigns in March of 2020 and have continued to have an effect on programs through the end of 2021. Materials were produced in 2020 that enabled these campaigns to continue in compliance with CDC and campus guidelines, and these materials have continued to be an important point in gaining support from campus administrators. As many schools began to return to campus in Spring of 2021, these newly designed materials allowed students to commit to safer driving while keeping themselves and their community protected during an unprecedent pandemic. The program has seen significant growth through 2021 as an unprecedented 15 campuses hosted campaigns in Fall of 2021 beating previous records for funds raised and pledges signed.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt056140
IRS990/ProgSrvcAccomActy3Grp/Desc0EducationWith the organization's safe driving programs on dozens of campuses, print newsletters, website, blog, social media and email communications, and educational materials that reach young people, parents and those in the educational community seek to build awareness of the potential of new ideas and how recognizing and supporting these young people can help them become potential for change in our own future. Continued education of the importance of safe driving and reminders of the commitment those signing pledges encourage continued safe driving. Wristbands and key chain reminders were given to pledge signers who have shown to be a reminder to those wearing them each time they get behind the wheel of a car or as a passenger in a vehicle.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Hunter's Fund is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Income from certain activities not directly related to Hunter's Fund's exempt purpose is subject to taxation as unrelated business income. Hunter's Fund had no unrelated business income for the year ended December 31, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grant recipients located in region
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IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Hunter's Fund invests in young people (16-25) who have demonstrated talent, experience, and passion in music, entrepreneurship, performing arts and/or computer science.
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IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0Applicants for a grant from the Hunter Brooks Watson Memorial Fund (Hunter's Fund) must be at least 16 years old and not more than 26 when submitting an application. They must be a legal resident of the US, UK, or St. Vincent and the Grenadines. Family members or relatives of Hunter Watson's family, nor family of the Hunter Watson Founders Committee or Board of Directors are not eligible. Preference is given to applications in the areas of music, performing arts, computer science, and entrepreneurship. We accept applications for projects needing funding between $500 and $5,000. The average award is $3,500. Applications requesting a full $5,000 are subject to additional review and may be delayed to the next Grant cycle. To recognize new ideas as they emerge, Hunter's Fund reviews Grant applications twice a year, with closing dates of June 15 and November 15. The number and amount of Grants awarded depend on the quality and number of Grant applications received, in addition to funds available. The Hunter's Fund Grants Committee, made up of between 12 and 22 young people, reviews all applications that meet the stated requirements. Each application is assigned a score for each answer. Each reviewer's scores are added together to achieve an overall ranking for the application. It is important to answer every question and submit two recommendations to achieve the highest score. Applicants receiving the five highest scores may be asked to submit a 1 to 2-minute video to personally describe their project and passion. The top candidates are sent to Hunter's Fund Board of Directors, who makes the final decisions. This program was founded for awarding Grants to students like Hunter, who had an insatiable curiosity about things in the area of music, performing arts, computer science, and entrepreneurship. Most applicants benefit from knowing something about Hunter, which can easily be found in the section "About Hunter" on our web site at www.hunterwaton.org. These are the things the Grants are based upon. Also, applicants are asked to take time to review the newsletter archive to learn more about what has been previously funded. Previously, Grant winners have used this information to improve the possibility of their Grant being funded. Grants cannot be used to support college tuition. The mission of Hunter's Fund is to enable young entrepreneurs to pursue their dreams, and we are deeply committed to following this model. Therefore, unless there is a compelling reason why some tuition is needed to complete a project, we do not accept applications that request financial assistance for tuition purposes. We do, however, understand that financial aid is important and thus encourage applicants to apply to several scholarship organizations to put together a financial package to assist with tuition and other needs they may have that Hunter's Fund does not finance. Applications must contain a detailed explanation of the project, timeline, and budget, including any other sources of funding they may be receiving. Their budget should list only the essential and necessary components needed to complete their project. All Grant funds must be used for the specific purposes described in the application and not be used for any other costs or expenses without prior written approval from Hunter's Fund. Carefully budgeted application proposals are a key part of the application process. Any expense that is not properly justified may delay the review and selection process. The following is a list of items that are not supported through this Grant: new computers, business development supplies (i.e., business cards), membership in organizations, social media platforms, or obtaining patents before a project has been developed and has proof of viability. Most laptop computers and music instruments/equipment can be rented or available through schools, libraries, or specialized stores. If the application requires these supplies, it is recommended a budget line for r
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1GAAP, accrual basis.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 3:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part III Accounting Method:
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Supports the educational and leadership programs of this non-profit organization which assists the Hunter Brooks Watson Memorial Fund on college campuses to encourage students to sign Hunter's Pledge to End Dristracted Driving.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Entrpreneurship awards.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Phi Kappa Psi Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Syracuse University
IRS990ScheduleI/RecipientTable/RecipientEIN0366130655
IRS990ScheduleI/RecipientTable/RecipientEIN1150532081
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05395 Emerson Way
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1Skytop Office Bldg Skytop Rd
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Indianapolis
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Syracuse
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IN
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Hunter's Fund invests in young people (16-25) who have demonstrated talent, experience, and passion in music, entrepreneurship, performing arts and/or computer science. Grant awards can range from $500 to $5,000. Applications are reviewed and accepted twice a year with application deadlines of June 15 and November 15. Selected grantees are announced in August and January.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Program Director and Grants Administrator review the 990 and provide the final copy to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The conflict of interest policy is reviewed annually. A copy of the conflict of interest policy is available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2990 forms are made available on a charity rating website called Guidestar.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The governing documents, including the conflict of interest policy are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organzation has a finance committee that oversees the selection of the independent auditor and the outside accountants.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$560,822
Liabilities
$11,719
Net assets
$549,103
Revenue
$484,853
Expenses
$237,616
Net income
$247,237
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.48$0.17$6.31$3.24$3.07$0.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.40$0.05$4.35$1.26$2.87$1.60
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$0.23$3.65$2.24$2.59$0.36
2021Detailed filing. Detailed filing data is available for this year.$5.61$0.12$5.49$4.85$2.38$2.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.22$0.07$3.15$1.56$1.76$0.20
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.35$0.04$2.32$3.84$2.05$1.79