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
MADGE B & FELIX H WATSON FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)6325 S RAINBOW BLVD STE 300
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
LAS VEGAS, NV89118
A Employer identification number

75-2852810
B Telephone number (see instructions)

(888) 730-4933
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$1,969,603
J 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... 40,993 40,993  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 6,225
b Gross sales price for all assets on line 6a 307,936
7 Capital gain net income (from Part IV, line 2)... 6,225
8 Net short-term capital gain......... 0
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)....... 57,611 57,611  
12 Total. Add lines 1 through 11........ 104,829 104,829  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 23,489 17,617   5,872
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule)......... 4,750 0 0 4,750
b Accounting fees (attach schedule)....... 300 0 0 300
c Other professional fees (attach schedule).... 1,352 1,352   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 564 564   0
19 Depreciation (attach schedule) and depletion... 0 0  
20 Occupancy..............        
21 Travel, conferences, and meetings.......   0 0  
22 Printing and publications..........   0 0  
23 Other expenses (attach schedule)....... 12,201 12,201    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 42,656 31,734 0 10,922
25 Contributions, gifts, grants paid....... 83,537 83,537
26 Total expenses and disbursements. Add lines 24 and 25 126,193 31,734 0 94,459
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -21,364
b Net investment income (if negative, enter -0-) 73,095
c Adjusted net income (if negative, enter -0-)... 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............. 1,129 306 306
2 Savings and temporary cash investments......... 117,007 72,114 72,114
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow     0 0
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 arrow0      
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)....... 1,304,836 Click to see attachment
List of Attached Documents:
// Content
299,123
616,807
c Investments—corporate bonds (attach schedule).......      
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).......... 5,550 Click to see attachment
List of Attached Documents:
// Content
1,027,743
1,280,376
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) 1,142    
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,429,664 1,399,286 1,969,603
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) 5,152  
23 Total liabilities (add lines 17 through 22)......... 5,152 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........ 873,368 1,399,286
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 551,144  
29 Total net assets or fund balances (see instructions)..... 1,424,512 1,399,286
30 Total liabilities and net assets/fund balances (see instructions). 1,429,664 1,399,286
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
1,424,512
2
Enter amount from Part I, line 27a .....................
2
-21,364
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
1,403,148
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
3,862
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
1,399,286
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 10. ALPHABET INC CL C   2022-10-18 2023-01-25
b 12. AMAZON COM INC COM   2021-07-26 2023-01-25
c 11. APPLE INC   2021-07-26 2023-01-25
d 9. GXO LOGISTICS INC   2022-08-10 2023-01-25
e 8. GXO LOGISTICS INC   2021-07-26 2023-01-25
42. ISHARES CORE MSCI EMERGING ETF     2023-01-25
4. NVIDIA CORP   2022-10-18 2023-01-25
8. NVIDIA CORP   2019-05-22 2023-01-25
187.849 T ROWE PR OVERSEAS STOCK-I #521   2021-07-26 2023-01-25
11. VANGUARD MIDCAP VIPER   2021-10-19 2023-01-25
9. ARISTA NETWORKS INC   2023-01-25 2023-02-21
14. ARISTA NETWORKS INC   2018-11-26 2023-02-21
12. NVIDIA CORP     2023-02-21
1. TRANSDIGM GROUP INC   2022-10-18 2023-02-21
3. TRANSDIGM GROUP INC     2023-02-21
13. AGCO CORP COM   2021-04-14 2023-05-17
2. ALIGN TECHNOLOGY INC     2023-05-17
19. ALPHABET INC CL C     2023-05-17
12. AMAZON COM INC COM   2021-07-26 2023-05-17
16. APPLE INC   2021-07-26 2023-05-17
11. ARISTA NETWORKS INC     2023-05-17
35. BOSTON SCIENTIFIC CORP COM     2023-05-17
31. BOSTON SCIENTIFIC CORP COM     2023-05-17
1. BROADCOM INC   2022-10-18 2023-05-17
1. BROADCOM INC   2018-06-14 2023-05-17
5. CANADIAN PACIFIC KANSAS CITY L   2022-10-18 2023-05-17
2. CANADIAN PACIFIC KANSAS CITY L   2019-09-30 2023-05-17
20. CENTENE CORP DEL     2023-05-17
3. CENTENE CORP DEL   2018-06-14 2023-05-17
6. CHEWY INC   2021-04-14 2023-05-17
1. CHIPOTLE MEXICAN GRILL INC   2021-07-26 2023-05-17
5. CONSTELLATION BRANDS INC     2023-05-17
1. CONSTELLATION BRANDS INC   2021-10-19 2023-05-17
1. COSTCO WHOLESALE CORP   2022-08-10 2023-05-17
2. DANAHER CORP   2022-10-18 2023-05-17
1. DANAHER CORP   2018-06-14 2023-05-17
55.969 DELAWARE SMALL CAP CORE-R6   2023-01-25 2023-05-17
1084.371 DELAWARE SMALL CAP CORE-R6   2022-04-22 2023-05-17
27. DEXCOM INC     2023-05-17
4. DEXCOM INC   2020-12-08 2023-05-17
1. ECOLAB INC   2022-08-10 2023-05-17
2. ECOLAB INC     2023-05-17
18. META PLATFORMS INC     2023-05-17
7. FIDELITY NATL INFORMATION SVCS INC     2023-05-17
3. FLEETCOR TECHNOLOGIES INC     2023-05-17
9. FORTUNE BRANDS INNOVATIONS INC   2021-07-26 2023-05-17
1. INTERCONTINENTAL EXCHANGE INC   2022-10-18 2023-05-17
5. INTERCONTINENTAL EXCHANGE INC   2021-07-26 2023-05-17
7. INTUITIVE SURGICAL INC     2023-05-17
3. ESTEE LAUDER COMPANIES INC     2023-05-17
3. ELI LILLY & CO COM   2023-01-25 2023-05-17
1. ELI LILLY & CO COM   2020-10-22 2023-05-17
2. LULULEMON ATHLETICA INC   2022-12-21 2023-05-17
4. LULULEMON ATHLETICA INC   2021-10-19 2023-05-17
15. MICROSOFT CORP     2023-05-17
13. MICROSOFT CORP   2021-07-26 2023-05-17
5. MORGAN STANLEY   2022-10-18 2023-05-17
3. MORGAN STANLEY   2019-12-26 2023-05-17
2. NETFLIX.COM INC   2021-07-26 2023-05-17
7. OKTA INC   2021-12-20 2023-05-17
1. PALO ALTO NETWORKS INC   2022-10-18 2023-05-17
3. PALO ALTO NETWORKS INC   2018-06-14 2023-05-17
1. POOL CORPORATION   2022-10-18 2023-05-17
2. S&P GLOBAL INC   2021-07-26 2023-05-17
5. SALESFORCE INC   2021-07-26 2023-05-17
2. SERVICENOW INC   2021-07-26 2023-05-17
37.685 TOUCHSTONE MID CAP-R6 #355   2023-01-25 2023-05-17
286.677 TOUCHSTONE MID CAP-R6 #355   2020-12-10 2023-05-17
8. TRACTOR SUPPLY CO COM     2023-05-17
1. TRACTOR SUPPLY CO COM   2018-06-14 2023-05-17
1. TRANSDIGM GROUP INC   2018-06-14 2023-05-17
10. TRIMBLE NAV LTD     2023-05-17
5. TWILIO INC   2021-12-20 2023-05-17
2. ULTA BEAUTY INC     2023-05-17
16. VANGUARD MIDCAP VIPER   2022-10-18 2023-05-17
455. VANGUARD MIDCAP VIPER     2023-05-17
1. VERTEX PHARMACEUTICALS INC COM   2022-10-18 2023-05-17
1. VERTEX PHARMACEUTICALS INC COM   2022-01-24 2023-05-17
1. VISA INC-CLASS A SHRS   2022-12-21 2023-05-17
5. VISA INC-CLASS A SHRS   2021-07-26 2023-05-17
12. XPO INC     2023-05-17
1. ACCENTURE PLC   2022-10-18 2023-05-17
1. ACCENTURE PLC   2018-06-14 2023-05-17
18. NORWEGIAN CRUISE LINE HOLDING   2018-06-14 2023-05-17
5. FIDELITY NATL INFORMATION SVCS INC   2022-10-18 2023-06-05
83. FIDELITY NATL INFORMATION SVCS INC     2023-06-05
17. MORGAN STANLEY   2019-12-26 2023-06-05
5. AGCO CORP COM   2021-04-14 2023-06-13
2. ALIGN TECHNOLOGY INC   2022-03-11 2023-06-13
20. ALPHABET INC CL C   2023-02-21 2023-06-13
4. ALPHABET INC CL C   2020-04-07 2023-06-13
21. AMAZON COM INC COM     2023-06-13
18. APPLE INC   2022-10-18 2023-06-13
13. APPLE INC     2023-06-13
4. ARISTA NETWORKS INC   2020-04-07 2023-06-13
14. BOSTON SCIENTIFIC CORP COM   2020-04-07 2023-06-13
2. BROADCOM INC   2018-06-14 2023-06-13
2. CADENCE DESIGN SYSTEMS INC     2023-06-13
8. CANADIAN PACIFIC KANSAS CITY L   2019-09-30 2023-06-13
6. CENTENE CORP DEL     2023-06-13
2. CONSTELLATION BRANDS INC   2021-10-19 2023-06-13
1. COSTCO WHOLESALE CORP   2022-10-18 2023-06-13
2. DANAHER CORP   2018-06-14 2023-06-13
9. DEXCOM INC   2020-12-08 2023-06-13
3. ECOLAB INC   2022-03-11 2023-06-13
5. META PLATFORMS INC   2018-06-14 2023-06-13
44.428 FIDELITY NEW MRKTS INC-Z #3323   2021-02-23 2023-06-13
3. FLEETCOR TECHNOLOGIES INC   2021-09-02 2023-06-13
5. FORTUNE BRANDS INNOVATIONS INC   2022-12-21 2023-06-13
4. FORTUNE BRANDS INNOVATIONS INC   2021-07-26 2023-06-13
8. GXO LOGISTICS INC   2023-05-17 2023-06-13
43.961 GLDMN SCHS GQP PRT INTL-R6 #4946   2023-05-18 2023-06-13
3. INTERCONTINENTAL EXCHANGE INC   2022-10-18 2023-06-13
2. INTERCONTINENTAL EXCHANGE INC   2020-04-07 2023-06-13
2. INTUITIVE SURGICAL INC   2022-08-10 2023-06-13
17. ISHARES CORE MSCI EMERGING ETF   2021-03-25 2023-06-13
2. ESTEE LAUDER COMPANIES INC   2022-05-13 2023-06-13
1. ELI LILLY & CO COM   2020-10-22 2023-06-13
1. LULULEMON ATHLETICA INC   2022-12-21 2023-06-13
8. MICROSOFT CORP   2023-01-25 2023-06-13
4. MICROSOFT CORP   2019-08-09 2023-06-13
6. MORGAN STANLEY   2019-12-26 2023-06-13
1. NETFLIX.COM INC   2022-03-11 2023-06-13
4. NVIDIA CORP   2023-06-05 2023-06-13
5. OKTA INC   2021-12-20 2023-06-13
4. PALO ALTO NETWORKS INC   2018-06-14 2023-06-13
1. POOL CORPORATION   2020-04-07 2023-06-13
59.382 PGIM HIGH YIELD-Q 1067   2020-05-15 2023-06-13
93. T ROWE PR OVERSEAS STOCK-I #521   2021-07-26 2023-06-13
1. S&P GLOBAL INC   2022-10-18 2023-06-13
3. SALESFORCE INC   2022-10-18 2023-06-13
1. SALESFORCE INC   2019-10-30 2023-06-13
1. SERVICENOW INC   2021-07-26 2023-06-13
103.747 TCW EMRG MRKTS INC-PLAN #5721   2021-02-23 2023-06-13
9. TRADE DESK INC/THE   2023-06-05 2023-06-13
53.566 TOUCHSTONE MID CAP-R6 #355   2020-12-10 2023-06-13
3. TRACTOR SUPPLY CO COM   2018-06-14 2023-06-13
1. TRANSDIGM GROUP INC   2018-06-14 2023-06-13
9. TRIMBLE NAV LTD   2022-03-11 2023-06-13
5. TWILIO INC   2021-12-20 2023-06-13
1. ULTA BEAUTY INC   2020-06-04 2023-06-13
15. VANGUARD MIDCAP VIPER     2023-06-13
2. VERTEX PHARMACEUTICALS INC COM   2022-01-24 2023-06-13
6. VISA INC-CLASS A SHRS     2023-06-13
9. XPO INC   2022-12-21 2023-06-13
1. ACCENTURE PLC   2018-06-14 2023-06-13
17. NORWEGIAN CRUISE LINE HOLDING   2018-06-14 2023-06-13
5. ALIGN TECHNOLOGY INC     2023-07-21
18. XPO INC   2022-12-21 2023-07-21
6. ARISTA NETWORKS INC     2023-09-13
1. BOOKING HOLDINGS INC   2019-02-15 2023-09-13
.3333 VERALTO CORP   2018-06-14 2023-10-23
18. APPLE INC   2019-08-09 2023-11-29
3. BROADCOM INC   2018-06-14 2023-11-29
8. TRACTOR SUPPLY CO COM   2018-06-14 2023-11-29
10. VERALTO CORP   2018-06-14 2023-11-29
203. NORWEGIAN CRUISE LINE HOLDING     2023-11-29
2. BROADCOM INC   2018-06-14 2023-12-22
3. COSTCO WHOLESALE CORP   2022-10-18 2023-12-22
5. LULULEMON ATHLETICA INC     2023-12-22
14. PALO ALTO NETWORKS INC     2023-12-22
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(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 972   1,038 -66
b 1,112   2,204 -1,092
c 1,542   1,631 -89
d 458   440 18
e 407   471 -64
2,150   2,629 -479
757   495 262
1,515   305 1,210
2,235   2,472 -237
2,344   2,743 -399
1,216   1,074 142
1,891   791 1,100
2,502   452 2,050
738   541 197
2,215   1,292 923
1,564   1,964 -400
578   1,011 -433
2,283   1,888 395
1,386   2,204 -818
2,744   2,372 372
1,506   602 904
1,886   1,552 334
1,671   1,265 406
648   444 204
648   268 380
414   353 61
166   89 77
1,307   1,522 -215
196   186 10
202   518 -316
2,053   1,828 225
1,132   1,131 1
226   215 11
498   544 -46
451   533 -82
226   103 123
1,429   1,505 -76
27,684   30,568 -2,884
3,186   2,804 382
472   342 130
173   167 6
347   320 27
4,297   4,514 -217
386   998 -612
686   803 -117
582   775 -193
109   94 15
547   606 -59
2,144   1,682 462
586   906 -320
1,306   1,037 269
435   142 293
742   635 107
1,485   1,672 -187
4,687   3,595 1,092
4,062   3,755 307
413   398 15
248   153 95
663   1,029 -366
548   1,551 -1,003
192   163 29
575   215 360
342   323 19
723   833 -110
1,033   1,240 -207
965   1,170 -205
1,703   1,683 20
12,958   12,496 462
1,801   1,690 111
225   74 151
816   322 494
469   821 -352
239   1,344 -1,105
1,005   583 422
3,268   3,126 142
92,923   106,206 -13,283
343   300 43
343   225 118
232   208 24
1,158   1,245 -87
565   560 5
281   269 12
281   163 118
246   984 -738
272   394 -122
4,515   8,990 -4,475
1,421   867 554
647   755 -108
643   818 -175
2,487   1,843 644
497   240 257
2,652   3,671 -1,019
3,293   2,619 674
2,378   1,043 1,335
670   210 460
718   474 244
1,699   536 1,163
477   396 81
614   357 257
417   370 47
494   431 63
522   475 47
482   205 277
1,137   769 368
545   481 64
1,350   974 376
510   653 -143
723   787 -64
337   283 54
269   344 -75
492   465 27
796   783 13
327   281 46
218   167 51
630   479 151
851   1,064 -213
368   481 -113
445   142 303
365   318 47
2,669   1,875 794
1,335   550 785
532   306 226
434   345 89
1,624   1,563 61
376   1,108 -732
928   287 641
335   196 139
273   291 -18
1,136   1,224 -88
390   305 85
629   467 162
210   157 53
550   585 -35
632   853 -221
692   675 17
2,525   2,335 190
650   222 428
803   322 481
467   596 -129
335   1,344 -1,009
442   252 190
3,238   2,507 731
685   450 235
1,342   1,211 131
436   318 118
314   163 151
330   929 -599
1,692   1,634 58
1,181   636 545
1,128   315 813
3,127   1,879 1,248
24   12 12
3,432   901 2,531
2,851   804 2,047
1,626   593 1,033
744   359 385
3,008   5,645 -2,637
2,256   536 1,720
2,002   1,424 578
2,513   1,027 1,486
4,204   1,004 3,200
      207
      207
      207
      207
      207
      207
      207
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      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
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      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
      207
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      207
      207
      207
      207
      207
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      207
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      207
      207
      207
      207
      207
      207
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      207
      207
      207
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      207
      207
      207
      207
      207
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      207
      207
      207
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      207
      207
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      207
      207
      207
      207
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       -66
b       -1,092
c       -89
d       18
e       -64
      -479
      262
      1,210
      -237
      -399
      142
      1,100
      2,050
      197
      923
      -400
      -433
      395
      -818
      372
      904
      334
      406
      204
      380
      61
      77
      -215
      10
      -316
      225
      1
      11
      -46
      -82
      123
      -76
      -2,884
      382
      130
      6
      27
      -217
      -612
      -117
      -193
      15
      -59
      462
      -320
      269
      293
      107
      -187
      1,092
      307
      15
      95
      -366
      -1,003
      29
      360
      19
      -110
      -207
      -205
      20
      462
      111
      151
      494
      -352
      -1,105
      422
      142
      -13,283
      43
      118
      24
      -87
      5
      12
      118
      -738
      -122
      -4,475
      554
      -108
      -175
      644
      257
      -1,019
      674
      1,335
      460
      244
      1,163
      81
      257
      47
      63
      47
      277
      368
      64
      376
      -143
      -64
      54
      -75
      27
      13
      46
      51
      151
      -213
      -113
      303
      47
      794
      785
      226
      89
      61
      -732
      641
      139
      -18
      -88
      85
      162
      53
      -35
      -221
      17
      190
      428
      481
      -129
      -1,009
      190
      731
      235
      131
      118
      151
      -599
      58
      545
      813
      1,248
      12
      2,531
      2,047
      1,033
      385
      -2,637
      1,720
      578
      1,486
      3,200
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 6,225
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
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 1,016
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 0
3 Add lines 1 and 2........................... 3 1,016
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 1,016
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 2,218
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,218
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
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 1,202
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow1,016 Refundedright arrow 11 186
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 arrowTX
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 arrow  
14
The books are in care ofright arrow   Telephone no.right arrow (800) 352-3705

Located atright arrow100 N MAIN ST FL 5 D4001-052WINSTON SALEMNC ZIP+4right arrow27101
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)
Yes
 
(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
 
No
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
 
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 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
WELLS FARGO BANK N A TRUSTEE
1
23,489    
100 N MAIN ST FL 5D4001-052
WINSTONSALEM,NC27101
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 0
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
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
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  
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
1,839,578
b
Average of monthly cash balances.......................
1b
50,297
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
1,889,875
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,889,875
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
28,348
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,861,527
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
93,076
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
93,076
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
1,016
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
1,016
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
92,060
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
92,060
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
92,060
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
94,459
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
94,459
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 92,060
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 83,537
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 0
b From 2019...... 0
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 94,459
a Applied to 2022, but not more than line 2a 83,537
b Applied to undistributed income of prior years
(Election required—see instructions).....
0
c Treated as distributions out of corpus (Election
required—see instructions)........
0
d Applied to 2023 distributable amount..... 10,922
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 0 0
(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 0
b Prior years’ undistributed income. Subtract
line 4b from line 2b ..........
0
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......
0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ...........
0
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 ..........
81,138
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) .......
0
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
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 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 (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

NORTH TEXAS REHABILITAION CENTER

1005 MIDWESTERN PKWY
WICHITA FALLS,TX76302
NONE PC GENERAL OPERATING 83,537
Total .................................right arrow 3a 83,537
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 40,993  
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 6,225  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOTHER INCOME RECEI
      31  
bOMG ROYALTY INCOME     16 57,580  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   104,829  
13Total. Add line 12, columns (b), (d), and (e)..................
13
104,829
(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:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION FEE (NON-ALLOC 300     300

TY 2023 InvestmentsCorpStockSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Name of Stock End of Year Book Value End of Year Fair Market Value
001084102 AGCO CORP COM 8,358 7,285
016255101 ALIGN TECHNOLOGY INC 4,222 4,932
02079K107 ALPHABET INC CL C 12,526 41,152
023135106 AMAZON COM INC COM 25,256 39,049
037833100 APPLE INC 4,254 54,101
040413106 ARISTA NETWORKS INC 2,356 10,598
09857L108 BOOKING HOLDINGS INC 3,170 7,094
101137107 BOSTON SCIENTIFIC CO 5,828 10,406
11135F101 BROADCOM INC 4,257 17,860
127387108 CADENCE DESIGN SYSTE 4,637 6,537
13646K108 CANADIAN PACIFIC KAN 3,832 6,799
15135B101 CENTENE CORP DEL 6,296 8,237
16679L109 CHEWY INC 8,837 3,615
169656105 CHIPOTLE MEXICAN GRI 4,343 11,435
21036P108 CONSTELLATION BRANDS 5,464 6,769
22160K105 COSTCO WHOLESALE COR 5,082 7,261
235851102 DANAHER CORP 5,048 9,485
252131107 DEXCOM INC 7,982 16,132
278865100 ECOLAB INC 4,614 6,149
30303M102 META PLATFORMS INC 14,039 25,839
339041105 FLEETCOR TECHNOLOGIE 8,819 10,174
34964C106 FORTUNE BRANDS INNOV 5,158 7,995
36262G101 GXO LOGISTICS INC 3,128 5,627
45866F104 INTERCONTINENTAL EXC 5,332 9,119
46120E602 INTUITIVE SURGICAL I 7,153 9,783
518439104 ESTEE LAUDER COMPANI 6,196 5,265
532457108 ELI LILLY & CO COM 1,560 6,412
550021109 LULULEMON ATHLETICA 3,739 9,203
594918104 MICROSOFT CORP 8,994 56,406
617446448 MORGAN STANLEY 3,604 7,460
64110L106 NETFLIX INC 6,690 10,711
67066G104 NVIDIA CORP 10,478 30,208
679295105 OKTA INC 10,898 6,428
697435105 PALO ALTO NETWORKS I 2,335 10,616
73278L105 POOL CORPORATION 2,445 6,379
78409V104 S&P GLOBAL INC 4,515 9,691
79466L302 SALESFORCE INC 8,134 15,262
81762P102 SERVICENOW INC 6,727 14,130
88339J105 TRADE DESK INC/THE 6,821 7,412
892356106 TRACTOR SUPPLY CO CO 2,222 6,451
893641100 TRANSDIGM GROUP INC 2,230 7,081
896239100 TRIMBLE INC 4,753 5,426
90138F102 TWILIO INC 10,654 4,704
90384S303 ULTA BEAUTY INC 7,072 11,760
92532F100 VERTEX PHARMACEUTICA 4,142 9,765
92826C839 VISA INC-CLASS A SHR 9,384 17,704
983793100 XPO INC 2,599 8,233
G1151C101 ACCENTURE PLC 2,940 6,667

TY 2023 InvestmentsOtherSchedule2
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
057071854 BAIRD AGGREGATE BOND AT COST 300,923 283,504
31641Q755 FIDELITY NEW MRKTS I AT COST 37,914 33,721
38147N269 GLDMN SCHS GQP PRT I AT COST 46,215 51,408
46434G103 ISHARES CORE MSCI EM AT COST 38,313 31,663
693390700 PIMCO TOTAL RET FD-I AT COST 122,921 110,076
722005667 PIMCO COMMODITY REAL AT COST 84,757 62,314
72201R833 PIMCO ENHANCED SHORT AT COST 47,021 47,201
74440Y884 PGIM HIGH YIELD-Q 10 AT COST 49,480 48,155
77956H435 T ROWE PR OVERSEAS S AT COST 95,182 96,244
872365713 TCW EMRG MRKTS INC-P AT COST 77,730 65,651
89155T490 TOUCHSTONE MID CAP-R AT COST 44,851 69,823
921937793 VANGUARD LONG-TERM B AT COST 32,627 31,324
922908629 VANGUARD MIDCAP VIPE AT COST 49,710 84,681
MI0116969 TX CLAY MI 254.2 AC AT COST 1 1
MI0128444 TX COOKE 1-2/3 TR DA AT COST 1 1
MI0128451 TX COOKE 98 ACS W SL AT COST 1 1
MI0128469 TX COOKE 181 ACS E R AT COST 1 1
MI0128477 TX COOKE 260.1 ACS E AT COST 1 485
MI0128485 TX COOKE E/100 ACS L AT COST 1 165
MI0128493 TX COOKE 5 ACS J SNU AT COST 1 1
MI0128501 TX COOKE 26.7 LITTLE AT COST 1 1
MI0348281 CLAY CO, TX. 107 AC, AT COST 1 1
MI0348299 CLAY CO, TX. 160 AC, AT COST 1 1
MIT034716 TX CLAY BLK 24 J H B AT COST 1 3,083
MIT034724 TX CLAY 40.29 BLKS 3 AT COST 1 4,113
MIT034740 TX CLAY 115 AC TE&L AT COST 1 1
MIT034757 CLAY CO TX VEITENHEI AT COST 1 1
MIT034765 CLAY CO TX VEITH 1 L AT COST 1 1
MIT034781 CLAY CO TX DOYAL WOO AT COST 1 1
MIT034799 CLAY CO TX E R CRUMP AT COST 1 1
MIT034807 CLAY CO TX J T LYLES AT COST 1 1
MIT034823 CLAY CO TX BORGMAN 1 AT COST 1 1
MIT034831 CLAY CO TX BORGMAN B AT COST 1 1
MIT034856 CLAY CO TX MOORE LEA AT COST 1 1
MIT034864 CLAY CO TX WATSON 1 AT COST 1 1
MIT034872 CLAY CO TX WATSON LE AT COST 1 1
MIT034880 CLAY CO TX DOYAL WOO AT COST 1 1
MIT034898 CLAY CO TX CCC UNIT AT COST 1 1
MIT034906 CLAY CO TX J T STRAW AT COST 1 279
MIT034914 CLAY CO TX ARMSTRONG AT COST 1 1
MIT034922 CLAY CO TX VEITH A L AT COST 1 43,855
MIT034930 CLAY CO TX LANGFORD- AT COST 1 1
MIT034948 CLAY CO TX ENGLAND U AT COST 1 1
MIT034955 CLAY CO TX E J SEIGL AT COST 1 1
MIT034963 CLAY CO TX J M STRAA AT COST 1 1
MIT034971 CLAY CO TX BROOM LEA AT COST 1 1
MIT034989 CLAY CO TX COMER TUC AT COST 1 3,606
MIT034997 CLAY CO TX STINE LEA AT COST 1 1
MIT035002 CLAY CO TX J T LYLES AT COST 1 53
MIT035010 CLAY CO TX HALSELL F AT COST 1 55,234
MIT035028 CLAY CO TX FLORENCE AT COST 1 1
MIT035044 TX CLAY N/100 ACS FA AT COST 1 1
MIT035051 CLAY CO TX F BUNTING AT COST 1 2,309
MIT035069 CLAY CO TX ARMSTRONG AT COST 1 1
MIT035085 CLAY CO TX HALSELL L AT COST 1 6,074
MIT035093 CLAY CO TX DAVIS A-1 AT COST 1 1
MIT035101 CLAY CO TX LYLES B L AT COST 1 1
MIT035119 CLAY CO TX J T LYLES AT COST 1 1
MIT035127 CLAY CO TX BRENNEIS AT COST 1 1
MIT035143 CLAY CO TX DELPHIA B AT COST 1 1
MIT035150 CLAY CO TX JACK BROW AT COST 1 1
MIT035168 CLAY CO TX JACK BROW AT COST 1 3,249
MIT035176 CLAY CO TX PILLSBURY AT COST 1 585
MIT035200 CLAY CO TX DAVIS LEA AT COST 1 1
MIT035218 CLAY CO TX ENGLAND U AT COST 1 1
MIT035226 CLAY CO TX VIOLA HOD AT COST 1 1
MIT035234 CLAY CO TX J L JACKS AT COST 1 7,926
MIT035242 TX CLAY 160 AC C THO AT COST 1 1
MIT035259 CLAY CO TX VIOLA MYE AT COST 1 33,301
MIT035267 CLAY CO TX H M NOE L AT COST 1 19,985
MIT035283 CLAY CO TX JAMES SHO AT COST 1 46,286
MIT035291 CLAY CO TX WILLIAMS AT COST 1 10,500
MIT035309 CLAY CO TX WILLIAMS AT COST 1 1
MIT035317 CLAY CO TX H O WINDL AT COST 1 8,152
MIT035333 CLAY CO TX JACKSON L AT COST 1 189
MIT035341 CLAY CO TX MOORE LEA AT COST 1 1
MIT035358 CLAY CO TX A C HATCH AT COST 1 1
MIT035374 CLAY CO TX NORTH DEE AT COST 1 1
MIT035382 MITCHELL CO TX W W W AT COST 1 6,274
MIT035390 MITCHELL CO TX W W W AT COST 1 8,164
MIT035408 MITCHELL CO TX W W W AT COST 1 1
MIT035416 MITCHELL CO TX W W W AT COST 1 1
MIT035424 MITCHELL CO TX W W W AT COST 1 1
MIT035432 MONTAGUE CO TX R L B AT COST 1 1
MIT035440 MONTAGUE CO TX WINES AT COST 1 668
MIT077707 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077715 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077749 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077756 TX CLAY 157.25 ACS B AT COST 1 1
MIT077764 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077780 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077798 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077806 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077814 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077822 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077855 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077863 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077871 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077889 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077905 TX CLAY 18.75 NMA FA AT COST 1 1
MIT077913 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077921 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077939 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT077947 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078036 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078044 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078051 CLAY COUNTY TEXAS CL AT COST 1 1
MIT078069 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078077 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078085 CLAY COUNTY TEXAS MI AT COST 1 1
MIT078093 CLAY COUNTY TEXAS .0 AT COST 1 1
MIT078101 TX JACK 54 2/3 AC GU AT COST 1 1

TY 2023 LegalFeesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES - PRINCIPAL (ALLOCA 4,750     4,750


TY 2023 OtherDecreasesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Amount
MUTUAL FUND TIMING ADJ 1,375
PY RETURN OF CAPITAL ADJUSTMENT 267
TAX LOT BASIS ADJUSTMENT 762
COST BASIS ADJ 1,458


TY 2023 OtherExpensesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
OMG MINERAL INTEREST-PRODUCTIO 2,652 2,652   0
OMG MINERAL INTEREST-AD VALORE 2,458 2,458   0
MINERAL INTEREST-FEES 7,091 7,091   0
OMG OTHER ROYAL. EXPENSES   0   0


TY 2023 OtherIncomeSchedule2
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME RECEIVED 31 31  
OMG ROYALTY INCOME 57,580 57,580  


TY 2023 OtherProfessionalFeesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
INVESTMNT MNGMNT FEES (NON-DED 1,352 1,352    


TY 2023 TaxesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FOREIGN TAXES 405 405   0
FOREIGN TAXES ON NONQUALIFIED 159 159   0