HUNTER BROOKS WATSON MEMORIAL FUND: Form 990, tax year 2022
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- Organization
- HUNTER BROOKS WATSON MEMORIAL FUND (EIN 83-0574041)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-14
- IRS object ID
- 202332879349300403
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-14T06:42:19-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 541342298 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kositzka Wicks and Company | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5270 Shawnee Road Suite 250 | AddressLine1Txt |
| City | Alexandria | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22312 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 830574041 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Hunter Brooks Watson Memorial Fund | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HUNT | BusinessNameControlTxt |
| Phone | 7035872777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 326 | AddressLine1Txt |
| City | McLean | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22101 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Madeleine Bunbury | PersonNm |
| Person Title | Vice Chairman | PersonTitleTxt |
| Phone | 7035872777 | PhoneNum |
| Signature | 2023-10-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Madeleine | PersonFirstNm |
| Person Last | Bunbury | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Jennica Jardine Whitfield CPA | PreparerPersonNm |
| PTIN | P01379267 | PTIN |
| Phone | 7036422700 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Jordan Parent | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 326 | AddressLine1Txt |
| City | McLean | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $223,619 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | https://www.hunterwatson.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2018 | FormationYr |
| Legal Domicile State | VA | LegalDomicileStateCd |
| Activity Or Mission | Hunter's Fund seeks out young people with promising ideas to support and funds safe driving campaign on school campuses. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 1514 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $493,015 | PYContributionsGrantsAmt |
| CY Contributions Grants | $222,979 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$8,162 | PYInvestmentIncomeAmt |
| CY Investment Income | $640 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $484,853 | PYTotalRevenueAmt |
| CY Total Revenue | $223,619 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $71,992 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $67,754 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $55,328 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $62,684 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $6,101 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $110,296 | PYOtherExpensesAmt |
| CY Other Expenses | $129,050 | CYOtherExpensesAmt |
| PY Total Expenses | $237,616 | PYTotalExpensesAmt |
| CY Total Expenses | $259,488 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $247,237 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$35,869 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $560,822 | TotalAssetsBOYAmt |
| Total Assets EOY | $387,904 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $11,719 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,676 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $549,103 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $365,228 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $60,840 | ExpenseAmt |
| Grant | $67,754 | GrantAmt |
| Desc | The 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $75,932 | ExpenseAmt |
| Desc | Safe 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 families for a lifetime. In 2021, the Hunter Brooks Watson Memorial Fund prepared campaign materials to fund safe driving campaigns on 45 college and high school campuses. COVID-19 restrictions began impacting these 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $64,699 | ExpenseAmt |
| Desc | EducationWith 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. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $201,471 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 2 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | VC | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | The Organization | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7035872777 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 326 | AddressLine1Txt |
| City | McLean | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22101 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Jordan Parent | ||||||
| President | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Matt Kimm | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Mattieu Menand | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Mandeleine Bunbury | ||||||
| Vice President | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Sam Brown | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Liam Catto | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Will Snape | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jason Reif | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Connor Sweeney | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Nirmal Kagolanu | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Jack Johnson | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Emma Rothman | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $222,979 | AllOtherContributionsAmt |
| Total Contributions | $222,979 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $640 | TotalRevenueColumnAmt |
| Exclusion | $640 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $223,619 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $640 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,383 | TotalAmt |
| Program Services | $29,383 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,594 | TotalAmt |
| Program Services | $32,594 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,777 | TotalAmt |
| Program Services | $5,777 | ProgramServicesAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,264 | TotalAmt |
| Program Services | $42,370 | ProgramServicesAmt |
| Management And General | $16,894 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,420 | TotalAmt |
| Program Services | $2,480 | ProgramServicesAmt |
| Management And General | $940 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,289 | TotalAmt |
| Management And General | $15,289 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $248 | TotalAmt |
| Program Services | $53 | ProgramServicesAmt |
| Management And General | $195 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,297 | TotalAmt |
| Program Services | $8,071 | ProgramServicesAmt |
| Management And General | $3,998 | ManagementAndGeneralAmt |
| Fundraising | $1,228 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,110 | TotalAmt |
| Program Services | $476 | ProgramServicesAmt |
| Management And General | $6,427 | ManagementAndGeneralAmt |
| Fundraising | $207 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,481 | TotalAmt |
| Program Services | $2,352 | ProgramServicesAmt |
| Management And General | $811 | ManagementAndGeneralAmt |
| Fundraising | $318 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,421 | TotalAmt |
| Program Services | $2,243 | ProgramServicesAmt |
| Management And General | $178 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Printing and postage | $39,704 | $35,501 | $693 | $3,510 |
| Supplies | $21,893 | $21,548 | $277 | $68 |
| Graphic design and copy | $19,444 | $18,618 | $72 | $754 |
| Bank and credit fees | $6,163 | $5 | $6,142 | $16 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $259,488 | TotalAmt |
| Program Services | $201,471 | ProgramServicesAmt |
| Management And General | $51,916 | ManagementAndGeneralAmt |
| Fundraising | $6,101 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $389,005 | BOYAmt |
| EOY | $138,453 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,626 | BOYAmt |
| EOY | $626 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $146,191 | BOYAmt |
| EOY | $248,825 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $560,822 | BOYAmt |
| EOY | $387,904 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,719 | BOYAmt |
| EOY | $22,676 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,719 | BOYAmt |
| EOY | $22,676 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $549,103 | BOYAmt |
| EOY | $365,228 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $549,103 | BOYAmt |
| EOY | $365,228 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $560,822 | BOYAmt |
| EOY | $387,904 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$35,869 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$148,006 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (1) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | 0 | FSAuditedInd |
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,020 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $382,853 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $154,869 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $493,015 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $222,979 | CurrentTaxYearAmt |
| Total | $1,276,736 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $23,020 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $382,853 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $154,869 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $493,015 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $222,979 | CurrentTaxYearAmt |
| Total | $1,276,736 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $475,063 | SubstantialContributorsTotAmt |
| Public Support Total170 | $801,673 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $791 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,500 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,131 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $640 | CurrentTaxYearAmt |
| Total | $4,062 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $1,280,798 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | 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, 2022. | ExplanationTxt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | RegionTxt |
| Type Of Activities Conducted | Grant recipients located in region | TypeOfActivitiesConductedTxt |
| Region Total Expenditures | $5,777 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $5,777 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $5,777 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Assistance | Hunter's Fund invests in young people (16-25) who have demonstrated talent, experience, and passion in music, entrepreneurship, performing arts and/or computer science. | TypeOfAssistanceTxt |
| Region | Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, | RegionTxt |
| Recipient | 5 | RecipientCnt |
| Cash Grant | $5,777 | CashGrantAmt |
| Manner Of Cash Disbursement | Wire | MannerOfCashDisbursementTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 2: | Applicants 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 rental expenses be included. If a purchase is necessary, we ask that a clear and thorough justification be included in the application to help in the additional examination. Applicants' GPA, community service, leadership roles, or religious affiliation will neither benefit nor negatively impact an application. School transcripts are requested only as evidence that the applicant has attended school and is in good standing. All applicants must identify two references who can speak to their character and passion. Hunter's Fund will notify the references and request they upload their recommendation letter to the grantee's profile by the application deadline. References must be professional contacts or teachers. Relatives and friends are not accepted. Applications lacking references will not be considered. It is becoming increasingly important for applicants to have material available online to help our Grants Committee get a feel for their work. Musicians post their material, performing arts applicants post video, entrepreneurs may have web sites related to their ideas, and applicants may have Linkedin, Facebook, or other sources where they refer to their passion. Our online application platform allows applicants to save their data as entered so they can work on it up to the deadline date to complete their application. Deadlines are June 15 and November 15 each year. Uncompleted applications are removed after those dates. Critical items to gather ahead of time to be sure they can be uploaded are photos, transcripts, and contact information for their references. We require a photograph (headshot only) so that if the applicant is awarded a Grant, the photograph can be used by Hunter's Fund in press releases and publicity materials. If they are already working on a project related to their Grant request, we also encourage applicants to include photographs of that work with their Grant application. Grant winners are announced on our website on the Grant Winners page. Given the high number of applicants and our all-volunteer Grants Committee and board, applicants not selected for funding are not individually notified or offered recommendations on how to improve their future applications. However, we hope all applicants, whether selected or not, continue to find creative ways to pursue their dreams. Hunter's Fund does not make payments directly to the Grant Winners. Instead, we pay for the line items on the budget by purchasing those items for use by the Grant Winner. If they are working on their project under the supervision of a school, church, or a non-profit, we will pay the funds to that organization to be responsible for oversight of the Grant. 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 the Hunter's Fund. If the budget needs change, the Grant winner must contact the Grants administrator with Hunter's Fund for direct approval before using funds. If Hunter's Fund determines that the recipient has not met the terms and conditions of these Grant Guidelines, Hunter's Fund may take all reasonable and appropriate steps to recover Grant funds. Once funded, projects must be completed unless our Grants Committee approves changes to the original project funded. If it is decided that the recipient has not met the terms and conditions of Grant guidelines, Hunter's Fund may take all reasonable and appropriate steps to recover Grant funds. Upon award of a Grant, qualified Mentors, if available, are assigned to each grantee. This is their principal contact to receive advice and make sure funds are distributed properly and offer opportunities for continued engagement as a Grant alumnus at the end of the project period. Grant winners are expected to submit a one to two-page report with pictures and a 1-2 minute video of their work six months after the Grant is awarded or within one month of a project's completion (whichever comes first), which should include a description of their project, how they used the funding from the awarded Grant, what effect being awarded a Grant has had on them personally, how Hunter's Fund was recognized for supporting their project, and photos from their project. Grants will agree to allow Hunter's Fund to use their full name, story, pictures, and other details for publicity purposes. We are sensitive about personal privacy and do not disclose personal contact information such as phone numbers or addresses without permission. |
| Part I, line 3: | GAAP, accrual basis. |
| Part III Accounting Method: |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Phi Kappa Psi Foundation | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5395 Emerson Way | AddressLine1Txt |
| City | Indianapolis | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46226 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 366130655 | RecipientEIN |
| Cash Grant | $29,383 | CashGrantAmt |
| Non Cash Assistance | $0 | NonCashAssistanceAmt |
| Purpose Of Grant | 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. | PurposeOfGrantTxt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | HBW grant award | GrantTypeTxt |
| Recipient | 28 | RecipientCnt |
| Cash Grant | $32,594 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Hunter'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. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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. |
| Form 990, Part XII, Line 2c: | The Organzation has a finance committee that oversees the selection of the independent auditor and the outside accountants. |