Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
JOE AND ARLENE WATT FOUNDATION INC
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 6085
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
SHERIDAN, WY82801
A Employer identification number

83-0330482
B Telephone number (see instructions)

(307) 672-1498
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$28,343,841J 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)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 746,265 746,265  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,026,119
b Gross sales price for all assets on line 6a 7,204,509
7 Capital gain net income (from Part IV, line 2)... 1,026,119
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
List of Attached Documents:
// Content
11,442 11,442  
12 Total. Add lines 1 through 11........ 1,783,826 1,783,826  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc.        
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
2,250 1,700   550
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
138,627 134,468   4,159
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
22,264 13   12
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
List of Attached Documents:
// Content
354 177   177
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 163,495 136,358   4,898
25 Contributions, gifts, grants paid....... 1,372,191 1,372,191
26 Total expenses and disbursements. Add lines 24 and 25 1,535,686 136,358   1,377,089
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 248,140
b Net investment income (if negative, enter -0-) 1,647,468
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 259,894 952,396 952,396
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 991,510 Click to see attachment
List of Attached Documents:
// Content
1,139,566 		1,140,514
b Investments—corporate stock (attach schedule)....... 15,551,905 Click to see attachment
List of Attached Documents:
// Content
13,627,683 		19,198,090
c Investments—corporate bonds (attach schedule)....... 2,916,580 Click to see attachment
List of Attached Documents:
// Content
2,993,226 		2,903,517
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 2,897,198 Click to see attachment
List of Attached Documents:
// Content
4,146,776 		4,148,619
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,186 		Click to see attachment
List of Attached Documents:
// Content
705 		Click to see attachment
List of Attached Documents:
// Content
705
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,618,273 22,860,352 28,343,841
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 right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 22,618,273 22,860,352
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 22,618,273 22,860,352
30 Total liabilities and net assets/fund balances (see instructions). 22,618,273 22,860,352
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
22,618,273
2
Enter amount from Part I, line 27a .....................
2
248,140
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
22,866,413
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
6,061
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
22,860,352
Form 990-PF (2023)
Form 990-PF (2023)
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 EUROPACIFIC GROWTH FUND P 2023-01-30 2023-02-27
b AMAZON.COM INC P 2019-03-19 2023-01-30
c ISHARES CORE S&P SMALL-CAP ETF P 2020-04-02 2023-04-25
d SPDR S&P SEMICONDUCTOR ETF P 2021-04-09 2023-04-25
e SKYWORKS SOLUTIONS INC P 2013-08-23 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-06-26
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-09-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-12-26
EUROPACIFIC GROWTH FUND P 2004-04-05 2023-02-27
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-10-16
GMO RESOURCES FUND P 2022-09-08 2023-04-26
AMERICAN EXPRESS CO P 2016-03-11 2023-01-30
ISHARES CORE S&P SMALL-CAP ETF P 2020-11-03 2023-04-25
SALESFORCE INC P 2021-02-01 2023-01-30
UNITEDHEALTH GROUP INC P 2012-09-27 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-07-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-10-16
BERKSHIRE HATHAWAY INC P 2010-03-31 2023-01-30
EUROPACIFIC GROWTH FUND P 2004-07-07 2023-02-27
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-11-15
GMO RESOURCES FUND P 2023-01-30 2023-04-26
APPLE INC P 2016-04-28 2023-01-30
ISHARES CORE S&P SMALL-CAP ETF P 2020-11-12 2023-04-25
CHARLES SCHWAB CORP 2.65% 25 JAN 202 P 2018-04-09 2023-01-25
WALMART INC P 2016-01-22 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-08-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-11-15
PEPSICO INC P 2010-12-17 2023-01-30
EUROPACIFIC GROWTH FUND P 2004-09-08 2023-02-27
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-12-15
GMO RESOURCES FUND P 2023-03-17 2023-04-26
BANK OF NEW YORK MELLON CORP/THE 2.9 P 2018-03-21 2023-01-30
ISHARES CORE MSCI EUROPE ETF P 2021-04-26 2023-03-17
MATERIALS SELECT SECTOR SPDR FUND P 2019-02-08 2023-03-17
EUROPACIFIC GROWTH FUND P 2019-10-09 2023-02-27
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-09-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-12-15
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-01-25
EUROPACIFIC GROWTH FUND P 2005-08-17 2023-02-27
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-01-20
GMO RESOURCES FUND P 2023-04-05 2023-04-26
BURLINGTON NORTHERN SANTA FE LLC 3% P 2014-12-03 2023-03-15
LOWE'S COS INC P 2016-10-19 2023-03-17
MATERIALS SELECT SECTOR SPDR FUND P 2020-05-18 2023-03-17
DFA GLOBAL REAL ESTATE SECURITIES PO P 2017-02-23 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-10-25
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-01-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-02-27
EUROPACIFIC GROWTH FUND P 2006-02-13 2023-02-27
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-02-21
VANGUARD EMERGING MARKETS STOCK INDE P 2023-01-30 2023-03-17
COMCAST CORP P 2020-01-10 2023-01-30
LOWE'S COS INC P 2017-02-23 2023-03-17
HEALTH CARE SELECT SECTOR SPDR FUND P 2018-10-05 2023-03-17
DFA GLOBAL REAL ESTATE SECURITIES PO P 2017-04-10 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-11-27
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-02-27
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-03-27
EUROPACIFIC GROWTH FUND P 2009-12-10 2023-02-27
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-03-20
ABBOTT LABORATORIES P 2020-04-03 2023-01-30
COSTCO WHOLESALE CORP P 2021-03-24 2023-01-30
MASCO CORP P 2021-03-24 2023-01-30
HEALTH CARE SELECT SECTOR SPDR FUND P 2018-11-02 2023-03-17
DFA GLOBAL REAL ESTATE SECURITIES PO P 2017-04-10 2023-04-25
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-12-26
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-03-27
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-04-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-01-17
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-04-20
ACTIVISION BLIZZARD INC P 2021-06-08 2023-01-30
FEDEX CORP P 2016-01-08 2023-01-30
MCDONALD'S CORP P 2020-04-23 2023-01-30
CONSUMER STAPLES SELECT SECTOR SPDR P 2019-11-20 2023-01-30
DFA GLOBAL REAL ESTATE SECURITIES PO P 2019-06-13 2023-04-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-01-17
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-04-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-05-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-02-15
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-05-22
ACTIVISION BLIZZARD INC P 2021-06-08 2023-08-09
FEDEX CORP P 2016-01-08 2023-08-09
MICROSOFT CORP P 2013-08-15 2023-03-17
TECHNOLOGY SELECT SECTOR SPDR FUND P 2019-05-28 2023-01-30
DFA GLOBAL REAL ESTATE SECURITIES PO P 2019-08-22 2023-04-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-02-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-05-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-06-26
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-03-15
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-06-20
ACTIVISION BLIZZARD INC P 2021-06-09 2023-08-09
FEDEX CORP P 2017-02-23 2023-08-09
MICROSOFT CORP P 2013-08-15 2023-08-09
TECHNOLOGY SELECT SECTOR SPDR FUND P 2019-05-28 2023-03-17
VANGUARD EMERGING MARKETS STOCK INDE P 2019-10-10 2023-03-17
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-03-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-06-26
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-07-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-04-17
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-07-20
ACTIVISION BLIZZARD INC P 2021-12-10 2023-08-09
INVESCO QQQ TRUST SERIES 1 P 2022-02-01 2023-04-05
MONDELEZ INTERNATIONAL INC P 2011-12-27 2023-01-30
TECHNOLOGY SELECT SECTOR SPDR FUND P 2019-08-21 2023-03-17
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-01-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-04-17
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-07-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-08-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-05-15
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-08-21
ACTIVISION BLIZZARD INC P 2021-12-10 2023-10-13
INVESCO QQQ TRUST SERIES 1 P 2022-03-11 2023-04-05
MONDELEZ INTERNATIONAL INC P 2012-11-02 2023-01-30
COMMUNICATION SERVICES SELECT SECTOR P 2019-08-21 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-02-27
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-05-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-08-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-09-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-06-15
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-09-20
ALPHABET INC P 2012-03-22 2023-01-30
ISHARES CORE S&P MID-CAP ETF P 2020-03-03 2023-01-30
NIKE INC P 2016-10-12 2023-01-30
REAL ESTATE SELECT SECTOR SPDR FUND P 2019-04-01 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-03-27
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-06-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-09-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-10-25
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-07-17
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-10-20
ALPHABET INC P 2012-03-22 2023-01-30
ISHARES CORE S&P MID-CAP ETF P 2020-03-03 2023-04-25
PALO ALTO NETWORKS INC P 2020-07-24 2023-03-17
UTILITIES SELECT SECTOR SPDR FUND P 2020-02-07 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-04-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-07-17
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-10-25
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-11-27
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-08-15
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2023-11-20
AMAZON.COM INC P 2019-03-19 2023-01-30
ISHARES CORE S&P SMALL-CAP ETF P 2020-04-02 2023-01-30
SPDR S&P SEMICONDUCTOR ETF P 2021-04-09 2023-01-30
UTILITIES SELECT SECTOR SPDR FUND P 2020-11-02 2023-01-30
FANNIE MAE REMICS FNR 2015-96 EA 3% P 2015-12-11 2023-05-25
FREDDIE MAC REMICS FHR 4103 NJ 1.5% P 2016-09-30 2023-08-15
FANNIE MAE POOL FN AB4090 3% 01 DEC P 2014-07-25 2023-11-27
RBSGC MORTGAGE LOAN TRUST 2007-B RBS P 2008-02-15 2023-12-26
FREDDIE MAC REMICS FHR 2790 TN 4% 15 P 2007-08-31 2023-09-15
GOVERMENT NATIONAL MORTGAGE ASSOCIAT P 2011-06-23 2023-12-20
(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 94,023   96,969 -2,946
b 39,819   34,833 4,986
c 823,481   468,177 355,304
d 216,013   221,899 -5,886
e 26,355   6,061 20,294
890   912 -22
324   324  
486   502 -16
57,209   36,412 20,797
70   61 9
342,412   370,253 -27,841
58,093   19,537 38,556
62,137   49,947 12,190
45,457   62,480 -17,023
29,017   3,325 25,692
892   915 -23
1,658   1,656 2
31,133   8,219 22,914
40,888   25,000 15,888
72   63 9
152,233   169,396 -17,163
38,182   6,377 31,805
56,250   47,899 8,351
200,000   195,700 4,300
29,767   13,196 16,571
895   917 -22
405   404 1
19,703   7,657 12,046
22,912   14,000 8,912
73   64 9
71,672   67,107 4,565
250,000   246,035 3,965
33,035   38,598 -5,563
26,003   17,962 8,041
110,793   110,000 793
897   920 -23
179   179  
3   3  
37,350   28,000 9,350
6   6  
4,639   4,722 -83
100,000   99,779 221
31,975   11,259 20,716
18,119   12,763 5,356
2,549   2,612 -63
900   923 -23
740   764 -24
3   3  
27,484   22,595 4,889
6   6  
122,982   133,877 -10,895
35,081   40,299 -5,218
197   77 120
13,867   10,380 3,487
210,374   216,006 -5,632
903   926 -23
629   649 -20
3   3  
53,334   40,000 13,334
6   6  
28,689   20,507 8,182
62,001   41,808 20,193
25,537   28,874 -3,337
47,399   33,531 13,868
36,412   40,233 -3,821
905   928 -23
658   679 -21
3   3  
95   83 12
6   6  
34,492   43,924 -9,432
20,903   15,333 5,570
41,459   28,263 13,196
25,348   21,424 3,924
103,614   126,000 -22,386
187   187  
639   660 -21
3   3  
158   138 20
7   7  
46,898   49,548 -2,650
21,243   10,952 10,291
75,288   8,545 66,743
61,863   33,824 28,039
108,478   135,820 -27,342
194   194  
555   573 -18
3   3  
92   80 12
6   6  
43,777   46,176 -2,399
29,209   21,178 8,031
86,914   8,513 78,401
13,373   6,853 6,520
379,852   398,036 -18,184
886   885 1
599   619 -20
3   3  
112   98 14
6   6  
6,883   4,366 2,517
584,841   673,420 -88,579
32,490   12,017 20,473
16,393   9,129 7,264
877   899 -22
1,482   1,480 2
531   548 -17
3   3  
113   99 14
6   6  
100,985   61,880 39,105
664,478   691,301 -26,823
7,652   3,094 4,558
30,271   27,400 2,871
879   902 -23
181   181  
492   508 -16
3   3  
85   75 10
6   6  
9,172   1,526 7,646
129,439   93,903 35,536
53,336   22,150 31,186
26,994   24,208 2,786
882   904 -22
186   187 -1
539   556 -17
3   3  
80   71 9
10   11 -1
16,001   2,662 13,339
259,456   198,743 60,713
26,373   11,367 15,006
16,162   16,136 26
884   907 -23
250   250  
551   569 -18
3   3  
87   76 11
7   7  
6,485   5,673 812
284,113   148,162 135,951
47,347   46,072 1,275
22,655   20,768 1,887
887   910 -23
529   529  
505   521 -16
3   3  
83   73 10
6   6  
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       -2,946
b       4,986
c       355,304
d       -5,886
e       20,294
      -22
       
      -16
      20,797
      9
      -27,841
      38,556
      12,190
      -17,023
      25,692
      -23
      2
      22,914
      15,888
      9
      -17,163
      31,805
      8,351
      4,300
      16,571
      -22
      1
      12,046
      8,912
      9
      4,565
      3,965
      -5,563
      8,041
      793
      -23
       
       
      9,350
       
      -83
      221
      20,716
      5,356
      -63
      -23
      -24
       
      4,889
       
      -10,895
      -5,218
      120
      3,487
      -5,632
      -23
      -20
       
      13,334
       
      8,182
      20,193
      -3,337
      13,868
      -3,821
      -23
      -21
       
      12
       
      -9,432
      5,570
      13,196
      3,924
      -22,386
       
      -21
       
      20
       
      -2,650
      10,291
      66,743
      28,039
      -27,342
       
      -18
       
      12
       
      -2,399
      8,031
      78,401
      6,520
      -18,184
      1
      -20
       
      14
       
      2,517
      -88,579
      20,473
      7,264
      -22
      2
      -17
       
      14
       
      39,105
      -26,823
      4,558
      2,871
      -23
       
      -16
       
      10
       
      7,646
      35,536
      31,186
      2,786
      -22
      -1
      -17
       
      9
      -1
      13,339
      60,713
      15,006
      26
      -23
       
      -18
       
      11
       
      812
      135,951
      1,275
      1,887
      -23
       
      -16
       
      10
       
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 1,026,119
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 -54,363
Part V
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 right arrow 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) 1 22,900
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 22,900
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 22,900
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 24,000
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 24,000
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 21
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 1,079
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,079 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-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? ....................
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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 changes....
3
 
No
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.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet 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 XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowWY
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 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
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
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 addressright arrowN/A
14
The books are in care ofright arrowFIRST INTERSTATE BANK FSG Telephone no.right arrow (307) 672-1498

Located atright arrow16 S MAIN STSHERIDANWY ZIP+4right arrow82801
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-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? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(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)? ......................
1a(5)
 
No
(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.) ...............
1a(6)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
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 2023? .............
1d
 
 
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-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))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
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
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
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? .................
5d
 
 
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? .............................
6a
 
No
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?
7a
 
No
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? .........................
8
 
No
Part VII
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
JOHN M PRADERE DIRECTOR
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
ROBERT EBERHART DIRECTOR
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
RICHARD D HAMMER PRESIDENT
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
DEBRA WENDTLAND VICE PRESIDE
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
JOY HART BROWN DIRECTOR
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
PETER PELISSIER SECRETARY
2.00 		0 0 0
PO BOX 6085
SHERIDAN,WY82801
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
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
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
FIRST INTERSTATE BANK INVESTMENT MGMT 138,627
PO BOX 2007
SHERIDAN,WY82801
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-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 VIII-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 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
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
25,935,404
b
Average of monthly cash balances.......................
1b
1,003,103
c
Fair market value of all other assets (see instructions)................
1c
178,284
d
Total (add lines 1a, b, and c).........................
1d
27,116,791
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
 
3
Subtract line 2 from line 1d.........................
3
27,116,791
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
406,752
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
26,710,039
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,335,502
Part X
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 IX, line 6..................
1
1,335,502
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
22,900
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
22,900
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,312,602
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,312,602
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
1,312,602
Part XI
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
1,377,089
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,377,089
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 1,312,602
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 1,367,076
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 1,377,089
a Applied to 2022, but not more than line 2a 1,367,076
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 2023 distributable amount..... 10,013
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2023.    
(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  
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		1,302,589
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023....  
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
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 IX, 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 XIV
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).)
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
JOE AND ARLENE WATT FOUNDATION
PO BOX 6085
SHERIDAN,WY82801
(307) 672-1498
bThe form in which applications should be submitted and information and materials they should include:
THE APPLICATION SHOULD BE IN WRITTEN FORM AND INCLUDE: 1. NAME, ADDRESS AND TAX ID NUMBER OF THE CHARITY, 2. DOCUMENTARY PROOF OF THE TAX EXEMPT STATUS OF THE CHARITY UNDER SECTION 501(C)(3) OF THE IRC OF 1954, OR AS AMENDED. 3. COPY OF THE MOST RECENT ANNUAL REPORT OF THE CHARITY IN THE FORM REQUIRED OF IT BY APPLICABLE SECTION OF THE INTERNAL REVENUE CODE. 4. DESCRIPTION OF THE CHARITABLE PURPOSE, OR PURPOSES, TO WHICH THE FUNDS FOR WHICH APPLICATION IS BEING MADE SHALL BE PUT.
cAny submission deadlines:
NONE
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
NONE
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
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
ALTERNATE ELDER LIVING INC


2311 SHIRLEY COVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 109,441
BIG BROTHERS BIG SISTERS


1056 LONG DRIVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 10,000
CENTER FOR A VITAL COMMUNITY


245 BROADWAY ST
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 10,000
CHAPS


501 US-14
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 15,000
COMPASS CENTER FOR FAMILIES


1981 DOUBLE EAGLE DR
STE B
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 30,000
HABITAT FOR HUMANITY OF THE EASTERN


PO BOX 6196
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 100,000
HOMER MILDRED SCOTT FOUNDATION


5 LANE LN
SHERIDAN,WY82801 		  EXEMPT BRIDGES PROJECT 500,000
OUR CAMP


PO BOX 51353
CASPER,WY826051353 		  EXEMPT UNRESTRICTED 7,750
SALVATION ARMY


956 COFFEEN AVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 50,000
SENIOR CITIZENS COUNCIL


211 SMITH STREET
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 150,000
SHERIDAN CNTY HOSPITAL FOUNDATION


PO BOX 391
SHERIDAN,WY82801 		  EXEMPT TCU BUILDING FUND 100,000
SHERIDAN COLLEGE FOUNDATION


PO BOX 6328
SHERIDAN,WY82801 		  EXEMPT CENTER FOR VITAL COMMUNITY 50,000
SHERIDAN COUNTY LAND TRUST


14 LANE LN
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 25,000
SHERIDAN HIGH SCHOOL BOOSTER CLUB


1056 LONG DR
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 5,000
VOLUNTEERS OF AMERICA


1876 S SHERIDAN AVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 150,000
WYOMING AG IN THE CLASSROOM


129 E CARLSON ST
CHEYENNE,WY82009 		  EXEMPT UNRESTRICTED 60,000
Total .................................right arrow 3a 1,372,191
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-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 ........... 		         
4 Dividends and interest from securities ....     14 746,265  
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 .....     15 11,442  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,026,119  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   1,783,826  
13Total. Add line 12, columns (b), (d), and (e)..................
13
1,783,826
(See worksheet in line 13 instructions to verify calculations.)
Part XV-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 XV-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 (2023)
Form 990-PF (2023)
Page 13
Part XVI
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
MOHATT, JOHNSON & GODWIN 2,250 1,700   550

TY 2023 InvestmentsCorpBondsSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Name of Bond End of Year Book Value End of Year Fair Market Value
BANK OF NEW YORK MELLON CORP    
BURLINGTON NORTHN SANTA FE    
CHARLES SCHWAB CORP 2.65%    
CLOROX CO/THE 3.1% 285,559 269,973
DOUBLELINE TOTAL RETURN BOND FUND 161,521 157,599
FANNIE MAE POOL FN AB4090 13,338 12,573
FANNIE MAE REMICS FNR 2015-96 33,585 31,620
FREDDIE MAC REMICS FHR 2790 TN 240 273
FREDDIE MAC REMICS FHR 4103 NJ 1,404 1,395
GOVERNMENT NATIONAL MORTGAGE GNR 201 353 331
INTERNATIONAL BUSINESS MACHINES GROU 141,252 143,180
RBSGC MTG LOAN TRUST 2007-B 556 563
RTX CORP 7.5% 173,887 169,216
VANGUARD INTERMEDIATE-TERM CORPORATE 657,120 551,078
WASTE MANAGEMENT INC 167,162 166,634
ARTISAN HIGH INCOME FUND 1,357,249 1,399,082

TY 2023 InvestmentsCorpStockSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Name of Stock End of Year Book Value End of Year Fair Market Value
ABBOTT LABORATORIES 49,769 69,454
ACTIVISION BLIZZARD INC    
ALPHABET INC CAP STK CL A 45,263 296,422
AMAZON.COM INC 285,412 454,149
AMERICAN EXPRESS CO 69,863 166,358
APPLE INC 54,417 437,043
BERKSHIRE HATHAWAY INC CL B 48,256 211,499
BLACKSTONE INC 117,326 176,218
BRISTOL-MYERS SQUIBB CO 73,507 102,056
CHARLES SCHWAB CORP 118,067 156,795
CISCO SYSTEMS INC 66,615 156,713
CITIGROUP INC 130,656 91,666
COMCAST CORP 102,256 100,329
COMMUNICATIONS SERVICES SELECT SECTO 122,774 173,948
CONSUMER DISCRETIONARY SELECT SECTOR 44,150 54,358
CONSUMER STAPLES SELECT SECTOR SPDR 108,440 124,828
COSTCO WHOLESALE CORP 62,202 120,795
EMERSON ELECTRIC CO 62,177 109,302
ENERGY SELECT SECTOR SPDR FUND 257,680 479,649
FEDEX CORP 36,580 48,064
FINANCIAL SELECT SECTOR SPDR FUND 72,724 141,038
GOLDMAN SACHS GROUP INC 87,325 146,978
HEALTH CARE SELECT SECTOR SPDR FUND 400,222 565,159
HONEYWELL INTERNATIONAL INC 72,806 101,709
INDUSTRIAL SELECT SECTOR SPDR FUND 257,121 330,685
INTERCONTINENTAL EXCHANGE INC 72,775 97,350
INVESCO QQQ TRUST SERIES 1    
ISHARES BIOTECHNOLOGY ETF 171,916 179,458
ISHARES CORE S&P 500 ETF 818,499 1,341,185
JP MORGAN CHASE & CO 76,331 142,714
LOWE'S COS INC 100,462 291,095
MASCO CORP 76,786 89,418
MATERIALS SELECT SECTOR SPDR FUND 179,903 220,180
MCDONALD'S CORP 78,140 125,424
MICROSOFT CORP 93,951 402,363
MONDELEZ INTERNATIONAL INC 116,356 167,241
NIKE INC 99,769 181,746
PALO ALTO NETWORKS INC 61,465 223,224
PEPSICO INC 61,861 99,696
QUALCOMM INC 83,859 82,584
REAL ESTATE SELECT SECTOR SPDR FUND 137,794 146,820
SALESFORCE.COM INC 92,352 106,572
SKYWORKS SOLUTIONS INC 17,102 76,446
SPDR S&P SEMICONDUCTOR ETF 197,245 231,983
TECHNOLOGY SELECT SECTOR SPDR FUND 394,469 748,170
UNION PACIFIC CORP 53,955 164,565
UNITED HEALTH GROUP INC 25,378 206,376
UTILITIES SELECT SECTOR SPDR FUND 103,263 99,365
VANGUARD 500 INDEX FUND 831,161 1,352,051
WAL-MART STORES INC 90,345 189,180
WALT DISNEY CO 136,805 178,232
ISHARES CORE S&P MID-CAP ETF 736,964 1,057,050
ISHARES CORE S&P SMALL-CAP ETF 1,144,444 1,087,913
AMERICAN FUNDS EUROPACIFIC GROWTH    
FIDELITY INTERNATIONAL INDEX FUND 728,146 891,710
GOLDMAN SACHS INTERNATIONAL SMALL CA 441,942 480,887
ISHARES CORE MSCI EUROPE ETF 829,439 799,881
ISHARES CURRENCY HEDGED MSCI 442,398 477,629
DFA EMERGING MARKETS SMALL CAP 421,914 488,650
FIDELITY EMERGING MARKETS INDEX FUND 531,786 570,378
GOLDMAN SACHS EMERGING MARKETS 717,731 740,172
INVESCO DEVELOPING MARKETS FUND 715,369 645,167
VANGUARD EMERGING MARKETS STOCK INDE    

TY 2023 InvestmentsGovtObligationsSch
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
US Government Securities - End of Year Book Value:

1,139,566
US Government Securities - End of Year Fair Market Value:

1,140,514
State & Local Government Securities - End of Year Book Value:


 
State & Local Government Securities - End of Year Fair Market Value:


 


TY 2023 InvestmentsOtherSchedule2
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
MINERAL INTERESTS AT COST 2 178,283
DFA GLOBAL REAL ESTATE SECURITIES AT COST 1,636,019 1,540,954
GMO RESOURCES FUN AT COST 1,244,596 1,178,498
NORTHERN MULTI-MANAGER GLOBAL LISTED AT COST 1,266,159 1,250,884

TY 2023 OtherAssetsSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
ACCRUED DIVIDENDS AND INTEREST 1,186 705 705


TY 2023 OtherDecreasesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Description Amount
PRIOR PERIOD ADJUSTMENT 6,061


TY 2023 OtherExpensesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
POST OFFICE BOX 354 177   177


TY 2023 OtherIncomeSchedule2
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OIL & GAS ROYALTIES - GROSS 13,422 13,422  
O&G PRODUCTION TAXES -1,980 -1,980  


TY 2023 OtherProfessionalFeesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMENT MANAGEMENT 138,627 134,468   4,159


TY 2023 TaxesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
SECRETARY OF STATE 25 13   12
EXCISE TAXES 22,239