Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
Watkins Christian Foundation Inc
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)1958 Monroe Dr NE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Atlanta, GA30324
A Employer identification number

58-1494832
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$80,677,518J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 136,236
2 Check bullet.............
3 Interest on savings and temporary cash investments 7,931 7,931  
4 Dividends and interest from securities... 1,827,096 1,827,096  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 2,929,045
b Gross sales price for all assets on line 6a 24,558,321
7 Capital gain net income (from Part IV, line 2)... 2,929,045
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 4,644 4,644  
12 Total. Add lines 1 through 11........ 4,904,952 4,768,716  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 140,089     140,089
14 Other employee salaries and wages...... 105,212     105,212
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 14,325 0 0 14,325
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 415,603 402,528   13,075
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 58,829 9,947    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 112,595 2,636   109,959
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 846,653 415,111 0 382,660
25 Contributions, gifts, grants paid....... 3,260,000 3,201,000
26 Total expenses and disbursements. Add lines 24 and 25 4,106,653 415,111 0 3,583,660
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 798,299
b Net investment income (if negative, enter -0-) 4,353,605
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 3,236,534 4,062,781 4,062,781
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 57,908,656 Click to see attachment57,880,708 76,614,737
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 61,145,190 61,943,489 80,677,518
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 61,145,190 61,943,489
29 Total net assets or fund balances (see instructions)..... 61,145,190 61,943,489
30 Total liabilities and net assets/fund balances (see instructions). 61,145,190 61,943,489
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
61,145,190
2
Enter amount from Part I, line 27a .....................
2
798,299
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
61,943,489
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
61,943,489
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 24,558,321   21,629,276 2,929,045
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       2,929,045
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 2,929,045
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 60,515
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 60,515
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 60,515
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 37,400
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 23,115
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 60,515
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10  
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet   RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? Click to see attachment....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changesClick to see attachment....
3
Yes
 
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.Click to see attachment
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletGA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Danielle Clark Assistant Sec
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Lee S Freeman VP
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    W Neal Freeman Trustee
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Timothy L Hall Sec, Treas
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    John D Maggard CFO
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Eric S Wahlen VP, Trustee
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    George C Watkins Trustee, CHAIRMAN
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    John C Watkins Trustee
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Kimberly Watkins Trustee
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Michael L Watkins Trustee, Pres
    15.0     		140,089 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    Sarah Watkins Trustee
    1.0     		0 0 0
    1958 Monroe Dr NE
    Atlanta,GA30324
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    ROZITA LA GORCE EXECUTIVE DIR
    40.0     		100,230    
    1958 MONROE DRIVE NE
    ATLANTA,GA30324
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Crawford Investment Counsel Inc Investment Mgmt 402,528
    600 Galleria Parkway Suite 1650
    Atlanta,GA30339
    Foundation Source Administrative 107,465
    55 Walls Drive 3RD floor
    Fairfield,CT06824
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    68,052,598
    b
    Average of monthly cash balances.......................
    1b
    2,917,197
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    70,969,795
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    70,969,795
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    1,064,547
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    69,905,248
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    3,495,262
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    3,495,262
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    60,515
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    60,515
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    3,434,747
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    3,434,747
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    3,434,747
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    3,583,660
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    3,583,660
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    3,583,660
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 3,434,747
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 124,412
    b Total for prior years:2018, 2017, 2016  
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 3,583,660
    a Applied to 2019, but not more than line 2a 124,412
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 3,434,747
    e Remaining amount distributed out of corpus 24,501
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 24,501
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		24,501
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 24,501
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    ADVENTURES OF THE HEART MINISTRIES INC
    280 W PEACHTREE ST
    NORCROSS,GA30071     		N/A PC General & Unrestricted 196,000
    AMERICAN RED CROSS - METROPOLITAN ATLANTA CHAPTER
    1955 MONROE DR NE
    ATLANTA,GA30324     		N/A PC General & Unrestricted 25,000
    ATHENS ACADEMY INC
    1281 SPARTAN LN
    ATHENS,GA30606     		N/A PC Next Fifty Years Campaign- Farmer Field House 75,000
    ATLANTA YOUTH ACADEMIES FOUNDATION INC
    PO BOX 18237
    ATLANTA,GA30316     		N/A SO I Twenty Years of Transformation: A $20 Million CAMPAIGN 100,000
    BROOKWOOD SCHOOL INC
    301 CARDINAL RIDGE RD
    THOMASVILLE,GA31792     		N/A PC Brookwood School Dining Center 75,000
    CAMPUS CRUSADE FOR CHRIST INC
    421 LAKENHEATH LN
    MATTHEWS,NC28105     		N/A PC General & Unrestricted 75,000
    CAMPUS CRUSADE FOR CHRIST INC
    651 TAYLOR DR
    XENIA,OH45385     		N/A PC General & Unrestricted 10,000
    CAMPUS CRUSADE FOR CHRIST INC
    PO BOX 628222
    ORLANDO,FL32862     		N/A PC Cru City Nashville 15,000
    CEDARBROOK OUTREACH INC
    8833 MIDDLEBROOK PIKE
    KNOXVILLE,TN37923     		N/A PC General & Unrestricted 50,000
    CHILDRENS MUSEUM OF TAMPA INC
    110 W GASPARILLA PLZ
    TAMPA,FL33602     		N/A PC Charitable Event 25,000
    CHRIST HARBOR METHODIST CHURCH
    13650 HWY 43 N
    NORTHPORT,AL35475     		N/A PC New Building Construction Fund 50,000
    CITY OF REFUGE INC
    1300 JOSEPH E BOONE BLVD NW
    ATLANTA,GA30314     		N/A PC General & Unrestricted 50,000
    CORNERSTONE CHRISTIAN ACADEMY
    5295 TRIANGLE PKWY
    PEACHTREE COR,GA30092     		N/A PC A Firm Foundation Capital Campaign for campus renovation 10,000
    DESIRE STREET MINISTRIES
    PO BOX 105603 82418
    ATLANTA,GA30348     		N/A PC Expanding the Out-Reach Program 50,000
    EAGLE RANCH INC
    5500 UNION CHURCH RD
    FLOWERY BRANCH,GA30542     		N/A PC General & Unrestricted 25,000
    EPWORTH BY THE SEA INC
    100 ARTHUR J MOORE DR
    ST SIMONS ISLAND,GA31522     		N/A PC General & Unrestricted 75,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS RD
    KANSAS CITY,MO64129     		N/A PC FCA Community Sports Summer Program 25,000
    FELLOWSHIP OF CHRISTIAN ATHLETES
    8701 LEEDS RD
    KANSAS CITY,MO64129     		N/A PC U.S. Field Ministry Development for human resources and infrastructure fund 100,000
    FLORIDA BAPTIST CHILDRENS HOME
    1015 SIKES BLVD
    LAKELAND,FL33815     		N/A PC General & Unrestricted 65,000
    FLORIDA SOUTHERN COLLEGE
    111 LAKE HOLLINGSWORTH DR
    LAKELAND,FL33801     		N/A PC Campus Ministries Program 50,000
    GATHERING PLACE INC
    PO BOX 772
    BRUNSWICK,GA31521     		N/A PC General & Unrestricted 50,000
    GREATER ATLANTA CHRISTIAN SCHOOLS INC
    1575 INDIAN TRAIL LILBURN RD
    NORCROSS,GA30093     		N/A PC Christian Life Fund 10,000
    HEART OF A CHAMPION SPORTS INC
    4669 THREE SPRINGS CT
    MARIETTA,GA30062     		N/A PC Christian Character Development fund for Athletes 30,000
    HEART SHOT MINISTRY INC
    27580 95TH AVE
    DONAHUE,IA52746     		N/A PC to purchase Operation Base Camp 20 acre property 20,000
    HEART TO HEART MINISTRIES FOR HIM
    PO BOX 957
    CUMMING,GA30028     		N/A PC H2H Project Jabez expansion of ministry borders 15,000
    HOPE ACADEMY INC
    2300 CHICAGO AVE
    MINNEAPOLIS,MN55404     		N/A PC General & Unrestricted 25,000
    INNER QUEST UNLIMITED
    12830 NEW PROVIDENCE RD
    ALPHARETTA,GA30004     		N/A PC General & Unrestricted 25,000
    INTERNATIONAL LEADERSHIP INSTITUTE INC
    PO BOX 1005
    CARROLLTON,GA30112     		N/A PC General & Unrestricted 25,000
    LAKE POINT CHURCH
    475 E MAIN ST 161
    CARTERSVILLE,GA30121     		N/A PC Lake Point Church Multiplication Initiative 50,000
    LIGHTHOUSE FAMILY RETREAT INC
    4470 CHAMBLEE DUNWOODY RD STE 200
    ATLANTA,GA30338     		N/A PC General & Unrestricted 15,000
    MARY HALL FREEDOM HOUSE INC
    PO BOX 501205
    ATLANTA,GA31150     		N/A PC General & Unrestricted 15,000
    MISSIONARY VENTURES INTERNATIONAL INC
    1017 MAITLAND CENTER COMMONS BLVD
    MAITLAND,FL32751     		N/A PC Charitable Event 25,000
    MOVING IN THE SPIRIT INC
    544 ANGIER AVE NE
    ATLANTA,GA30308     		N/A PC General & Unrestricted 25,000
    NORTHWEST FLORIDA CHRISTIAN EDUCATION ASSOCIATION
    2101 PARTIN DR N
    NICEVILLE,FL32578     		N/A PC Foundation for the Future 25,000
    OAK GROVE UNITED METHODIST CHURCH INC
    1722 OAK GROVE RD
    DECATUR,GA30033     		N/A PC Oak Grove United Methodist Church Building Program 25,000
    P A C T MINISTRY INC
    3000 OLD ALABAMA RD STE 119-107
    ALPHARETTA,GA30022     		N/A PC GENERAL & UNRESTRICTED 50,000
    P E R C INC
    PO BOX 232
    GRAND ISLE,VT05458     		N/A PC St. James Community Center - To help repair and renovate a building damaged by Hurricane Dorian 20,000
    PALMA CEIA PRESBYTERIAN CHURCH
    3501 SAN JOSE ST
    TAMPA,FL33629     		N/A PC Ministry Expansion Program for Families and Outreach 100,000
    PARKER STREET MINISTRIES INC
    PO BOX 433
    LAKELAND,FL33802     		N/A PC General & Unrestricted 75,000
    PASS IT ON TOURNAMENTS INC
    10650 NELLIE BROOK CT
    DULUTH,GA30097     		N/A PC Charitable Event 20,000
    PEACE RIVER CENTER FOR PERSONAL DEVELOPMENT INC
    1239 E MAIN ST
    BARTOW,FL33830     		N/A PC Full Moon Howl 45,000
    RADICAL LIFE MINISTRIES INC
    PO BOX 1248
    KEYSTONE HGTS,FL32656     		N/A PC Facilities/Construction funds to support the completion of the school/church parking lot in Costa Rica 75,000
    RAINEY HOUSE INC
    115 E VAN FLEET DR
    BARTOW,FL33830     		N/A PC General & Unrestricted 7,500
    SMOKE RISE BAPTIST CHURCH
    5901 HUGH HOWELL RD
    STONE MTN,GA30087     		N/A PC General & Unrestricted 50,000
    SPREADING HOPE
    P0 BOX 6381
    MINNEAPOLIS,MN55406     		N/A PC General & Unrestricted 7,500
    ST CHRISTOPHER TRUCKERS DEVELOPMENT & RELIEF FUND
    PO BOX 30763
    KNOXVILLE,TN37930     		N/A PC Saving Lives and Families, One Driver at a Time PROJECT 10,000
    ST JOHNS EPISCOPAL PARISH DAY SCHOOL INC
    906 S ORLEANS AVE
    TAMPA,FL33606     		N/A PC St. John's Episcopal Parish Day School Eagles Fund 75,000
    THE FIRST UNITED METHODIST CHURCH OF LAKELAND INC
    72 LAKE MORTON DR
    LAKELAND,FL33801     		N/A PC General & Unrestricted 325,000
    THE LIONHEART LIFE CENTER INC
    225 ROSWELL ST
    ALPHARETTA,GA30009     		N/A PC General & Unrestricted 35,000
    THE SPRING OF TAMPA BAY INC
    PO BOX 5147
    TAMPA,FL33675     		N/A PC General & Unrestricted 30,000
    THE WAREHOUSE MINISTRY INC
    PO BOX 123
    CUMMING,GA30028     		N/A PC Young Adult Leadership Training fund 12,000
    THOMASVILLE FIRST UNITED METHODIST CHURCH
    PO BOX 975
    THOMASVILLE,GA31799     		N/A PC Youth Activities Center (YAC) Interior Renovation fund 103,000
    VASHTI CENTER INC
    1815 E CLAY ST
    THOMASVILLE,GA31792     		N/A NC EXPENDITURE RESPONSIBILITY GRANT 59,000
    VISION ATLANTA INC
    2559 WALKERS CHAPEL RD
    ROBERTA,GA31078     		N/A PC Summer Camp 2020 to support a week of Camp Grace for 100 urban under-served children and youth 18,000
    VOLUNTEERS IN SERVICE TO THE ELDERLY INC
    1232 E MAGNOLIA ST
    LAKELAND,FL33801     		N/A PC General & Unrestricted 35,000
    WARNER UNIVERSITY
    13895 HWY 27
    LAKE WALES,FL33859     		N/A PC Warner University Royal Fund for Excellence 25,000
    WELLSPRING LIVING INC
    860 JOHNSON FERRY RD STE 140-331
    ATLANTA,GA30342     		N/A PC Women's Academy Program 25,000
    YOUNG LIFE
    PO BOX 70065
    PRESCOTT,AZ86304     		N/A PC Southwind Camp Capital Campaign 100,000
    YOUNG LIFE
    PO BOX 7753
    MARIETTA,GA30065     		N/A PC General & Unrestricted 100,000
    YOUNG LIFE - AFRICA
    412 E ZACK ST
    TAMPA,FL33602     		N/A PC Young Life Africa/Middle East Chapter 15,000
    YOUNG LIFE - MURFREEBORO
    PO BOX 741
    MURFREEBORO,TN37133     		N/A PC Outreach to high school and college students and teen moms in Rutherford County 30,000
    YOUNG LIFE - POLK COUNTY
    PO BOX 8962
    LAKELAND,FL33806     		N/A PC salary fund for a full time Staff Associate to conduct student outreach in 5 different ministries in Polk County; Young Life at 2 high schools, WydLife, Capernaum and YoungLives 22,000
    YOUNG LIFE - TAMPA
    PO BOX 46416
    TAMPA,FL33647     		N/A PC Young Life- Tampa Bay to build the capacity of staff and volunteer outreach to teenagers by connecting with them where they are and winning the right to be heard 135,000
    YOUNG MENS CHRISTIAN ASSOCIATION & YOUTH CENTER OF
    PO BOX 1037
    THOMASVILLE,GA31799     		N/A PC General & Unrestricted 75,000
    YOUNG MENS CHRISTIAN ASSOCIATION OF WEST CENTRAL F
    3620 CLEVELAND HEIGHTS BLVD
    LAKELAND,FL33803     		N/A PC YMCA Annual Scholarship fund 25,000
    YOUTH FOR CHRIST USA INC
    1 MECA WAY
    NORCROSS,GA30093     		N/A PC General & Unrestricted 15,000
    YOUTH OUTREACH UNITED
    PO BOX 1432
    CUMMING,GA30028     		N/A PC General & Unrestricted 15,000
    Total .................................bullet 3a 3,260,000
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 7,931  
    4 Dividends and interest from securities....     14 1,827,096  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 2,929,045  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aCLASS ACTION LAWSUIT PROCEEDS     		    01 4,644  
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   4,768,716  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    4,768,716
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990, 990-EZ,
    or 990-PF)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2020
    Name of the organization
    Watkins Christian Foundation Inc
     
    Employer identification number

    58-1494832
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020) Page 2
    Name of organization
    Watkins Christian Foundation Inc
          		Employer identification number
    58-1494832
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    Centerline Propery Casualty
    1958 MONROE DRIVE NE
     
    Atlanta, GA30324

    		$ 30,762


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    2
    Watkins Associated Holdings LLC
    1958 MONROE DRIVE NE
     
    Atlanta, GA30324

    		$ 105,474


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 3
    Name of organization
    Watkins Christian Foundation Inc
          		Employer identification number

    58-1494832
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Page 4
    Name of organization
    Watkins Christian Foundation Inc
          		Employer identification number

    58-1494832
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990, 990-EZ, or 990-PF) (2020)
    Additional Data


    Software ID:  
    Software Version:  

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    TY 2020 DepreciationSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

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    TY 2020 ExpenditureResponsibilityStmt
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    VASHTI CENTER INC
          		1815 E CLAY ST
    THOMASVILLE,GA31792     		2018-08-31 57,702 TO SUPPORT THE SPIRITUAL DEVELOPMENT PROGRAM 57,702 NO 11/13/19, 11/16/20   NONE NECESSARY
    VASHTI CENTER INC
          		1815 E CLAY ST
    THOMASVILLE,GA31792     		2019-12-06 58,521 TO SUPPORT THE SPIRITUAL DEVELOPMENT PROGRAM 9,581 NO 11/16/20   NONE NECESSARY
    VASHTI CENTER INC
          		1815 E CLAY ST
    THOMASVILLE,GA31792     		2020-07-09 59,000 TO SUPPORT THE SPIRITUAL DEVELOPMENT PROGRAM 0 NO expected in 2021   NONE NECESSARY

    TY 2020 GeneralExplanationAttachment
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Identifier Return Reference Explanation
    FORM 990-PF, PART VII-B, LINE 5A(4): Part VII-B, Line 5a (4): SEE PART XV
    FORM 990-PF, PARTS I AND XV: FORM 990-PF, PARTS I AND XV: TOTAL PART I, LINE 25, COLUMN (A) AND PART XV, LINE 3A: $3,260,000 LESS GRANT NOT TREATED AS A QUALIFYING DISTRIBUTION: $ 59,000 ---------- TOTAL PART I, LINE 25, COLUMN (D): $3,201,000 *THE FOUNDATION DOES NOT HAVE ANY KNOWLEDGE THAT VASHTI CENTER INC. IS A 509(A)(3) TYPE III NON-FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION. THE FOUNDATION HAS EXERCISED EXPENDITURE RESPONSIBILITY IN MAKING THE GRANT AND HAS NOT TREATED THE GRANT AS A QUALIFYING DISTRIBUTION ON PART I, LINE 25, COLUMN (D).
    990-PF Part VII-A Line 3 Part VII-A, Line 3 (990-PF) - Declaration re Amended Bylaws I hereby declare that I am an authorized officer of the Foundation, and I certify that the conformed copy of the Foundation's amended bylaws attached hereto is a complete and accurate copy of the original document. By: JONATHAN WINN Title: TREASURER

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Name of Stock End of Year Book Value End of Year Fair Market Value
    ABBVIE INC 1,415,575 2,019,777
    ACCENTURE PLC 414,374 1,319,111
    AMERICAN CAMPUS COMMUNITIES 178,160 171,508
    AMERICAN ELECTRIC POWER INC 1,247,034 1,042,540
    AMERICAN EXPRESS CO 1,291,001 1,564,575
    AMERICAN SOFTWARE INC 344,687 405,727
    APPLE INC 439,095 1,448,975
    ASTRAZENECA 1,485,225 1,757,149
    AVNET INC 236,448 242,961
    BCE INC 1,069,919 1,172,292
    BLACK HILLS CORP 195,795 216,304
    BLACKROCK INC 326,085 634,955
    BROOKS AUTOMATION, INC 737,341 1,615,509
    BROWN & BROWN INC 111,830 168,306
    BROWN FORMAN CORP CL B 729,886 1,231,165
    CAMECO CORPORATION 194,670 261,300
    CARDINAL HEALTH INC 1,647,890 1,612,156
    CARTER'S INC 205,766 240,819
    CASEY'S GENERAL STORES, INC 568,416 789,500
    CASS INFORMATION SYSTEMS, INC 208,550 188,714
    CHUBB LIMITED 458,560 623,376
    CHURCH & DWIGHT 231,449 279,136
    COLGATE-PALMOLIVE COMPANY 991,751 1,243,315
    COLUMBIA SPORTSWEAR CO 154,709 184,372
    COMPASS MINERALS INTERNATIONAL 144,770 163,558
    CORE-MARK HOLDING COMPANY, INC 134,197 148,612
    CORESITE REALTY CORPORATION 160,900 180,403
    CRAWFORD DIV OPPORTUNITY FUND 2,256,313 2,564,966
    CROWN CASTLE INTL 165,469 159,190
    ESCO TECH INC 183,785 319,982
    EVERGY, INC. 170,061 162,644
    FIDELITY NATIONAL INFORMATION 1,129,448 1,131,680
    FIRST HAWAIIAN INC 193,906 223,067
    FOUR CORNERS PROPERTY TRUST IN 162,673 171,178
    GENUINE PARTS COMPANY 1,643,877 1,920,221
    GILDAN ACTIVEWEAR INC 220,701 322,955
    GLACIER BANCORP INC 124,069 144,471
    GLOBAL PAYMENTS INC 552,231 1,008,381
    HASBRO INC 132,235 231,044
    HEALTHCARE SVCS GROUP INC 1,122,283 1,169,241
    HOME DEPOT INC 953,160 1,681,375
    HONEYWELL INTL 615,382 1,257,057
    HUBBELL INCORPORATED 750,958 1,026,975
    IDACORP INC HLDG CO 198,608 219,909
    INDEPENDENCE REALTY TR 175,902 161,429
    INTERNATIONAL BUSINESS MACHINE 979,789 818,220
    JOHNSON & JOHNSON 997,789 1,625,735
    JOHNSON CONTROLS INTERNATIONAL 1,508,764 1,811,419
    JP MORGAN CHASE 1,101,327 1,194,458
    KONTOOR BRANDS INC 120,691 166,702
    LANDSTAR SYSTEM 124,199 153,512
    LITTELFUSE, INC 622,327 774,166
    LUMINEX CORPORATION 167,290 172,938
    M&T BANK CORP 1,340,484 1,202,985
    MARSH AND MCLENNAN COMPANIES I 1,064,598 1,111,500
    MARVELL TECHNOLOGY GROUP LTD 131,534 257,191
    MEDTRONIC PLC 754,473 1,171,400
    MERCK & CO INC 1,207,149 1,607,370
    MERCURY GENL CORP NEW 232,047 255,829
    MICROSOFT CORP 419,810 2,055,160
    MOOG INC CL A 200,544 176,046
    MSC INDUSTRIAL DRCT 200,680 200,426
    MUELLER WATER PRODUCTS INC 325,881 353,201
    NATIONAL INSTRUMENTS CORPORATI 229,840 248,261
    NORTHERN TRUST CORPORATION 234,748 240,301
    NVENT ELECTRIC PLC 777,387 898,761
    OLD REP INTL CORP 236,735 249,134
    OMNICOM GROUP 1,833,969 1,647,192
    ONEOK INC 100,208 64,095
    PAYCHEX 1,103,402 1,602,696
    PEGASYSTEMS INC 782,940 1,252,644
    PEOPLE'S UNITED FINANCIAL, INC 287,715 223,301
    PERKIN ELMER INC 139,719 256,865
    PHILIP MORRIS INTL 1,363,070 1,326,296
    PHYSICIANS REALTY TRUST 885,696 933,788
    PIEDMONT OFFICE REALTY TRUST I 158,605 183,724
    POWER INTEGRATIONS, INC 161,725 399,477
    PPG INDUSTRIES INC 234,503 307,189
    PROCTER GAMBLE CO 990,045 1,460,970
    RAYTHEON TECHNOLOGIES CORP 1,135,910 1,137,724
    ROGERS COMM CL B 162,114 182,167
    S&P GLOBAL INC COM 296,402 295,857
    SAP AKTIENGESELL ADS 764,062 1,108,315
    SAPIENS INTERNATIONAL CORPORAT 170,402 172,028
    SBA COMMUNICATIONS CORP 147,388 155,172
    SEI INVESTMENTS 150,850 175,284
    SERVICE CP INTL 560,267 687,400
    SMITH A O CORP DEL COM 117,873 145,273
    SOUTH STATE CORPORATION 145,793 122,910
    STAG INDUSTRIAL INC 153,198 162,864
    STANDEX INTERNATIONAL CORP 152,771 207,754
    TAPESTRY INC 277,551 236,208
    TARGET CORPORATION 398,305 658,457
    TELETECH HOLDINGS, INC 113,534 196,911
    TEXAS INSTRUMENTS INC 708,400 1,739,778
    THE COCA-COLA CO 866,767 1,151,640
    U.S. PHYSICAL THERAPY INC 144,483 182,780
    UNITED PARCEL SERVICE 1,092,689 1,726,100
    VALMONT INDUSTRIES INC 158,928 218,663
    VISA INC 503,222 1,749,840
    W. P. CAREY INC 166,267 185,625
    WEC ENERGY GROUP, INC 120,263 175,777
    WESTROCK COMPANY 347,205 309,063
    WILLIAMS COS 149,771 114,285
    WOLVERINE WORLDWIDE 363,687 381,563
    WOODWARD INC 180,890 288,026
    ZIMMER BIOMET HOLDINGS 1,236,889 1,542,441

    TY 2020 LegalFeesSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Document Review/Drafting 14,325     14,325


    TY 2020 OtherExpensesSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 107,465     107,465
    Bank Charges 2,636 2,636    
    Cell Phone Expense 1,066     1,066
    Computers/Electronic Devices 1,218     1,218
    State or Local Filing Fees 30     30
    OFFICE & SUPPLIES 180     180


    TY 2020 OtherIncomeSchedule2
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    Class Action Lawsuit Proceeds 4,644 4,644  


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    RECRUITING SERVICES 13,075     13,075
    Investment Management Services 402,528 402,528    


    TY 2020 TaxesSchedule
    Name:
    Watkins Christian Foundation Inc
    EIN:
    58-1494832
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2020 37,400      
    990-PF Extension for 2019 11,482      
    Foreign Tax Paid 9,947 9,947