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
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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$30,041,911J 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) 25
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 738,917 738,917  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 1,471,911
b Gross sales price for all assets on line 6a 9,723,151
7 Capital gain net income (from Part IV, line 2)... 1,471,911
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
102,685 102,685  
12 Total. Add lines 1 through 11........ 2,313,538 2,313,513  
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)......... Click to see attachment
List of Attached Documents:
// Content
1,331 1,331    
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
146,233 141,846   4,387
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
28,026 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
364 182   182
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 178,204 145,072   5,131
25 Contributions, gifts, grants paid....... 1,312,000 1,312,000
26 Total expenses and disbursements. Add lines 24 and 25 1,490,204 145,072   1,317,131
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 823,334
b Net investment income (if negative, enter -0-) 2,168,441
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 952,396 688,684 688,684
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) 1,139,566 Click to see attachment
List of Attached Documents:
// Content
395,914 		388,230
b Investments—corporate stock (attach schedule)....... 13,627,683 Click to see attachment
List of Attached Documents:
// Content
14,280,089 		20,651,606
c Investments—corporate bonds (attach schedule)....... 2,993,226 Click to see attachment
List of Attached Documents:
// Content
4,698,937 		4,567,470
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).......... 4,146,776 Click to see attachment
List of Attached Documents:
// Content
3,617,594 		3,743,453
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
705 		Click to see attachment
List of Attached Documents:
// Content
2,468 		Click to see attachment
List of Attached Documents:
// Content
2,468
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 22,860,352 23,683,686 30,041,911
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........ 22,860,352 23,683,686
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)..... 22,860,352 23,683,686
30 Total liabilities and net assets/fund balances (see instructions). 22,860,352 23,683,686
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
22,860,352
2
Enter amount from Part I, line 27a .....................
2
823,334
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
23,683,686
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,683,686
Form 990-PF (2024)
Form 990-PF (2024)
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 0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2024-01-16
b 0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-03-25
c 93-ALPHABET INC P 2012-03-22 2024-05-21
d 747-HEALTH CARE SELECT SECTOR SPDR F P 2021-02-08 2024-05-21
e 0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-06-20
715-TECHNOLOGY SELECT SECTOR SPDR FU P 2022-11-11 2024-08-20
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-10-25
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-12-26
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2024-01-16
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-03-25
475-ALPHABET INC P 2016-11-14 2024-05-21
1045-ENERGY SELECT SECTOR SPDR FUND P 2019-11-20 2024-05-21
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-06-25
3072.913-VANGUARD 500 INDEX FUND P 2019-08-22 2024-08-20
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-11-20
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-12-26
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-01-22
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-03-25
25-ALPHABET INC P 2016-11-14 2024-05-21
11-ENERGY SELECT SECTOR SPDR FUND P 2020-05-18 2024-05-21
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-06-25
697-WALMART INC P 2017-06-29 2024-08-20
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-11-25
LITIGATION PROCEEDS - 2016 BANK OF A P 2016-04-17 2024-04-17
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-01-25
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2024-04-15
612-APPLE INC P 2016-04-28 2024-05-21
408-ENERGY SELECT SECTOR SPDR FUND P 2021-01-13 2024-05-21
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-06-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-08-26
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-11-25
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-01-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-04-22
89670.037-ARTISAN HIGH INCOME FUND P 2022-09-19 2024-05-21
542-ENERGY SELECT SECTOR SPDR FUND P 2023-03-17 2024-05-21
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-07-22
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-08-26
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-11-25
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-01-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-04-25
3223.393-DFA EMERGING MARKETS SMALL P 2023-01-30 2024-05-21
823-FINANCIAL SELECT SECTOR SPDR FUN P 2020-03-19 2024-05-21
693-INDUSTRIAL SELECT SECTOR SPDR FU P 2020-11-09 2024-07-22
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-08-26
610-COMCAST CORP P 2020-01-10 2024-11-27
0-FREDDIE MAC REMICS FHR 4103 NJ 1.5 P 2016-09-30 2024-02-15
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-04-25
2744.375-GOLDMAN SACHS INTERNATIONAL P 2014-04-28 2024-05-21
2105-FINANCIAL SELECT SECTOR SPDR FU P 2020-03-19 2024-05-21
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-07-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-09-20
1678-COMCAST CORP P 2020-01-24 2024-11-27
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2024-02-15
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-04-25
19397.482-GOLDMAN SACHS INTERNATIONA P 2017-02-23 2024-05-21
966-INDUSTRIAL SELECT SECTOR SPDR FU P 2020-11-09 2024-05-21
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-07-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-09-25
1500-NIKE INC P 2016-10-12 2024-11-27
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-02-20
250000-FREDDIE MAC REMICS FHR 2790 T P 2007-08-31 2024-05-15
8442.023-GOLDMAN SACHS INTERNATIONAL P 2019-08-21 2024-05-21
461-INDUSTRIAL SELECT SECTOR SPDR FU P 2023-08-09 2024-05-21
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-07-25
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-09-25
174-NIKE INC P 2023-03-17 2024-11-27
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-02-26
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2024-05-20
8930.231-GOLDMAN SACHS INTERNATIONAL P 2023-01-30 2024-05-21
12153.498-GMO RESOURCES FUND P 2023-04-05 2024-05-22
32597.14-ARTISAN HIGH INCOME FUND P 2022-09-19 2024-08-12
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-09-25
476-AMAZON.COM INC P 2022-11-11 2024-11-29
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-02-26
1070.432-INVESCO DEVELOPING MARKETS P 2019-03-19 2024-05-21
11479-ISHARES CORE MSCI EUROPE ETF P 2021-04-26 2024-05-21
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-05-28
10040-VANGUARD INTERMEDIATE-TERM TRE P 2022-09-21 2024-08-12
381-GOLDMAN SACHS GROUP INC/THE P 2018-11-02 2024-10-18
205-AMAZON.COM INC P 2022-11-11 2024-11-29
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-02-26
2294.103-INVESCO DEVELOPING MARKETS P 2019-04-12 2024-05-21
3059-ISHARES CORE MSCI EUROPE ETF P 2022-02-01 2024-05-21
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-05-28
2527-VANGUARD INTERMEDIATE-TERM TREA P 2022-12-06 2024-08-12
2279-CHARLES SCHWAB CORP/THE P 2023-04-25 2024-10-18
270-AMAZON.COM INC P 2022-11-11 2024-11-29
300000-FREDDIE MAC REMICS FHR 4103 N P 2016-09-30 2024-03-15
7820.609-INVESCO DEVELOPING MARKETS P 2019-08-21 2024-05-21
50801.467-NORTHERN MULTI-MANAGER GLO P 2023-04-25 2024-05-21
0-RBSGC MORTGAGE LOAN TRUST 2007-B R P 2008-02-15 2024-05-28
34-AMERICAN EXPRESS CO P 2016-03-11 2024-08-20
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-10-21
19680.693-GMO RESOURCES FUND P 2023-04-05 2024-12-20
0-FREDDIE MAC REMICS FHR 2790 TN 4% P 2007-08-31 2024-03-15
4082.255-INVESCO DEVELOPING MARKETS P 2021-12-27 2024-05-21
182-HEALTH CARE SELECT SECTOR SPDR F P 2018-11-04 2024-05-21
37295.091-DFA GLOBAL REAL ESTATE SEC P 2019-08-22 2024-06-06
174-AMERICAN EXPRESS CO P 2023-03-17 2024-08-20
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-10-25
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-12-20
0-GOVERNMENT NATIONAL MORTGAGE ASSOC P 2011-06-23 2024-03-20
1459.776-INVESCO DEVELOPING MARKETS P 2023-01-30 2024-05-21
687-HEALTH CARE SELECT SECTOR SPDR F P 2019-11-08 2024-05-21
37576.527-DFA GLOBAL REAL ESTATE SEC P 2019-09-23 2024-06-06
GOVERNMENT NATIONAL MORTGAGE ASSOCIA P 2011-06-23 2024-08-20
0-FANNIE MAE POOL FN AB4090 3% 01 DE P 2014-07-25 2024-10-25
0-FANNIE MAE REMICS FNR 2015-96 EA 3 P 2015-12-11 2024-12-26
(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 684   682 2
b 913   936 -23
c 16,411   1,509 14,902
d 109,142   86,348 22,794
e 6   6  
160,470   95,299 65,171
3   3  
548   566 -18
70   61 9
455   470 -15
83,822   17,991 65,831
98,490   61,946 36,544
921   945 -24
1,589,618   831,161 758,457
6   7 -1
3   3  
6   6  
3   3  
4,412   947 3,465
1,037   426 611
447   462 -15
51,388   17,576 33,812
935   958 -23
217     217
908   931 -23
57   50 7
117,233   14,671 102,562
38,454   17,556 20,898
3   3  
927   950 -23
423   437 -14
668   690 -22
7   7  
802,547   785,510 17,037
51,083   41,766 9,317
6   6  
451   465 -14
3   3  
3   2 1
916   939 -23
78,264   68,852 9,412
34,657   15,956 18,701
86,920   58,717 28,203
3   3  
25,982   27,652 -1,670
186   185 1
464   480 -16
36,143   29,282 6,861
88,643   40,811 47,832
924   947 -23
6   7 -1
71,471   74,604 -3,133
61   53 8
3   3  
255,465   215,700 39,765
121,512   81,848 39,664
450   464 -14
929   953 -24
117,577   78,921 38,656
7   7  
32   28 4
111,181   93,369 17,812
57,988   50,383 7,605
3   3  
538   556 -18
13,639   20,848 -7,209
911   933 -22
6   6  
117,611   103,591 14,020
282,083   295,208 -13,125
292,396   285,551 6,845
3   3  
98,020   48,082 49,938
652   673 -21
43,599   45,504 -1,905
691,293   656,391 34,902
919   942 -23
599,822   594,054 5,768
201,710   87,325 114,385
42,307   20,707 21,600
3   3  
93,439   100,000 -6,561
184,220   173,048 11,172
439   454 -15
150,971   149,598 1,373
162,722   118,067 44,655
55,722   27,209 28,513
537   536 1
318,533   322,757 -4,224
626,890   617,746 9,144
3   3  
8,644   2,025 6,619
7   7  
362,518   478,044 -115,526
55   48 7
166,270   190,805 -24,535
26,592   18,320 8,272
371,832   453,881 -82,049
44,237   27,335 16,902
932   956 -24
6   7 -1
7   7  
59,457   56,304 3,153
100,376   65,227 35,149
374,638   465,573 -90,935
6   7 -1
400   413 -13
937   961 -24
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
b       -23
c       14,902
d       22,794
e        
      65,171
       
      -18
      9
      -15
      65,831
      36,544
      -24
      758,457
      -1
       
       
       
      3,465
      611
      -15
      33,812
      -23
      217
      -23
      7
      102,562
      20,898
       
      -23
      -14
      -22
       
      17,037
      9,317
       
      -14
       
      1
      -23
      9,412
      18,701
      28,203
       
      -1,670
      1
      -16
      6,861
      47,832
      -23
      -1
      -3,133
      8
       
      39,765
      39,664
      -14
      -24
      38,656
       
      4
      17,812
      7,605
       
      -18
      -7,209
      -22
       
      14,020
      -13,125
      6,845
       
      49,938
      -21
      -1,905
      34,902
      -23
      5,768
      114,385
      21,600
       
      -6,561
      11,172
      -15
      1,373
      44,655
      28,513
      1
      -4,224
      9,144
       
      6,619
       
      -115,526
      7
      -24,535
      8,272
      -82,049
      16,902
      -24
      -1
       
      3,153
      35,149
      -90,935
      -1
      -13
      -24
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 1,471,911
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 7,605
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 30,141
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 30,141
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 30,141
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 30,080
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 30,080
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 35
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 96
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024 or the taxable year beginning in 2024? 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 2024, 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 (2024)
Form 990-PF (2024)
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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 (2024)
Form 990-PF (2024)
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 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 (2024)
Form 990-PF (2024)
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
28,658,662
b
Average of monthly cash balances.......................
1b
643,550
c
Fair market value of all other assets (see instructions)................
1c
178,284
d
Total (add lines 1a, b, and c).........................
1d
29,480,496
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
29,480,496
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
442,207
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
29,038,289
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
1,451,914
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
1,451,914
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
30,141
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
30,141
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
1,421,773
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
1,421,773
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
1,421,773
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
1,317,131
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
1,317,131
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 1,421,773
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 1,302,589
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,317,131
a Applied to 2023, but not more than line 2a 1,302,589
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 2024 distributable amount..... 14,542
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		1,407,231
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, 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) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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
ADVOCACY RESOURCE CENTER


136 COFFEEN AVE
SHERIDAN,WY82801 		  EXEMPT LSH FUNDRAISER 25,000
BIG HORN FIRE DEPARTMENT


138 JOHNSON ST
BIG HORN,WY82833 		  EXEMPT UNRESTRICTED 3,000
BLACK MOUNTAIN NORDIC


PO BOX 593
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 20,000
CENTER FOR A VITAL COMMUNITY


245 BROADWAY ST
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 5,000
CHAPS


501 US-14
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 15,000
CHILD DEVELOPMENT CENTER


366 E BRUNDAGE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 200,000
CLEARMONT FIRE DEPARTMENT


1262 FRONT ST
CLEARMONT,WY82835 		  EXEMPT UNRESTRICTED 3,000
COMPASS CENTER FOR FAMILIES


1981 DOUBLE EAGLE DR
STE B
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 25,000
DAYTON FIRE DEPARTMENT


610 BROADWAY ST
RANCHESTER,WY82839 		  EXEMPT UNRESTRICTED 6,000
DOUBLEDAY SPORTS COMPLEX


300 DOVETAIL LANE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 200,000
GOOSE VALLEY FIRE DEPARTMENT


2617 AERO LOOP
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 3,000
SALVATION ARMY


956 COFFEEN AVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 25,000
SENIOR CITIZENS COUNCIL


211 SMITH STREET
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 100,000
SHERIDAN CNTY HOSPITAL FOUNDATION


PO BOX 391
SHERIDAN,WY82801 		  EXEMPT TCU BUILDING FUND 300,000
SHERIDAN COLLEGE FOUNDATION


PO BOX 6328
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 100,000
SHERIDAN FOSTER PARENT EXCHANGE


19 E 17TH ST
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 100,000
SHERIDAN RECREATION DISTRICT


PO BOX 6308
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 4,000
STORY FIRE DEPARTMENT


14 CROOKED ST
STORY,WY82842 		  EXEMPT UNRESTRICTED 3,000
VOLUNTEERS OF AMERICA


1876 S SHERIDAN AVE
SHERIDAN,WY82801 		  EXEMPT UNRESTRICTED 75,000
UNIVERSITY OF WYOMING FOUNDATION


222 S 22ND ST
LARAMIE,WY82070 		  EXEMPT UNRESTRICTED 100,000
Total .................................right arrow 3a 1,312,000
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 ....     14 738,917  
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 .....     16 102,685  
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 1,471,911  
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) ..   2,313,513  
13Total. Add line 12, columns (b), (d), and (e)..................
13
2,313,513
(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 (2024)
Form 990-PF (2024)
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.
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with the preparer shown below?
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Signature of officer or trustee Date Title
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 Firm's EIN Right Arrow
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 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2024 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 2024 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
CLOROX CO/THE 3.1% 285,559 273,374
DOUBLELINE TOTAL RETURN BOND FUND 539,045 532,965
FANNIE MAE POOL FN AB4090 7,210 6,880
FANNIE MAE REMICS FNR 2015-96 22,233 21,326
FREDDIE MAC REMICS FHR 2790 TN    
FREDDIE MAC REMICS FHR 4103 NJ    
GOVERNMENT NATIONAL MORTGAGE GNR 201 273 259
INTERNATIONAL BUSINESS MACHINES GROU 141,252 142,165
ISHARES IBONDS DEC 2032 TERM 664,289 665,282
ISHARES IBONDS DEC 2033 TERM 664,286 662,715
ISHARES PREFERRED AND INCOME SECURIT 265,950 264,033
RBSGC MTG LOAN TRUST 2007-B 521 532
RTX CORP 7.5% 173,887 165,615
VANGUARD INTERMEDIATE-TERM CORPORATE 657,120 544,231
VANGUARD MORTGAGE-BACKED SECURITIES 531,892 534,604
VANGUARD HIGH-YIELD CORPORATE FUND 292,070 295,340
WASTE MANAGEMENT INC 167,162 160,853
ARTISAN HIGH INCOME FUND 286,188 297,296

TY 2024 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 71,372
ALPHABET INC CAP STK CL A 24,815 289,440
AMAZON.COM INC 189,414 447,117
AMERICAN EXPRESS CO 40,504 201,817
APPLE INC 39,746 415,196
BERKSHIRE HATHAWAY INC CL B 48,256 268,795
BLACKSTONE INC 115,792 232,077
BRISTOL-MYERS SQUIBB CO 73,507 112,498
CHARLES SCHWAB CORP    
CISCO SYSTEMS INC 118,936 245,562
CITIGROUP INC 130,656 125,435
COMCAST CORP    
COMMUNICATIONS SERVICES SELECT SECTO 209,645 330,509
CONSUMER DISCRETIONARY SELECT SECTOR 44,150 68,202
CONSUMER STAPLES SELECT SECTOR SPDR 108,440 136,231
COSTCO WHOLESALE CORP 62,202 167,677
EMERSON ELECTRIC CO 62,177 139,173
ENERGY SELECT SECTOR SPDR FUND 230,340 407,142
FEDEX CORP 36,580 53,453
FINANCIAL SELECT SECTOR SPDR FUND 178,711 204,871
GOLDMAN SACHS GROUP INC    
HEALTH CARE SELECT SECTOR SPDR FUND 230,327 347,777
HONEYWELL INTERNATIONAL INC 171,001 205,334
INDUSTRIAL SELECT SECTOR SPDR FUND 163,635 192,501
INTERCONTINENTAL EXCHANGE INC 72,775 112,950
INVESCO S&P 500 EQUAL WEIGHT 1,488,123 1,544,127
ISHARES BIOTECHNOLOGY ETF 171,916 174,649
ISHARES CORE S&P 500 ETF 818,499 1,653,013
ISHARES SEMICONDUCTOR ETF 183,432 168,944
JP MORGAN CHASE & CO 76,331 201,117
LOWE'S COS INC 100,462 322,814
MASCO CORP 76,786 96,881
MATERIALS SELECT SECTOR SPDR FUND 179,903 216,576
MCDONALD'S CORP 176,255 218,577
MICROSOFT CORP 93,951 451,005
MONDELEZ INTERNATIONAL INC 116,356 137,917
NIKE INC    
PALO ALTO NETWORKS INC 61,465 275,487
PEPSICO INC 61,861 89,259
PFIZER INC 131,262 134,985
QUALCOMM INC 83,859 87,717
REAL ESTATE SELECT SECTOR SPDR FUND 221,508 229,908
SALESFORCE.COM INC 92,352 135,404
SKYWORKS SOLUTIONS INC 17,102 60,303
SPDR S&P REGIONAL BANKING ETF 201,305 203,138
SPDR S&P SEMICONDUCTOR ETF 197,245 256,401
TECHNOLOGY SELECT SECTOR SPDR FUND 299,169 737,554
UNION PACIFIC CORP 53,955 152,787
UNITED HEALTH GROUP INC 25,378 198,297
UTILITIES SELECT SECTOR SPDR FUND 219,960 236,607
VANGUARD 500 INDEX FUND    
WAL-MART STORES INC 72,768 262,286
WALT DISNEY CO 136,805 219,805
ISHARES CORE S&P MID-CAP ETF 1,035,637 1,494,443
ISHARES CORE S&P SMALL-CAP ETF 1,438,747 1,467,672
FIDELITY INTERNATIONAL INDEX FUND 879,315 1,036,146
GOLDMAN SACHS INTERNATIONAL SMALL CA    
ISHARES CORE MSCI EUROPE ETF    
ISHARES CURRENCY HEDGED MSCI 1,009,702 1,074,574
DFA EMERGING MARKETS SMALL CAP 353,063 422,187
FIDELITY EMERGING MARKETS INDEX FUND 1,026,101 1,071,516
GOLDMAN SACHS EMERGING MARKETS 778,138 844,381
INVESCO DEVELOPING MARKETS FUND    

TY 2024 InvestmentsGovtObligationsSch
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
US Government Securities - End of Year Book Value:

395,914
US Government Securities - End of Year Fair Market Value:

388,230
State & Local Government Securities - End of Year Book Value:


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


 


TY 2024 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 716,565 759,243
FIDELITY REAL ESTATE INCOME FUND AT COST 746,470 763,201
FLEXSHARES GLOBAL UPSTREAM NATURAL AT COST 359,726 363,891
GLOBAL X US INFRASTRUCTURE DEVELOPME AT COST 675,074 693,436
GMO RESOURCES FUN AT COST 471,344 355,497
NORTHERN MULTI-MANAGER GLOBAL LISTED AT COST 648,413 629,902

TY 2024 LegalFeesSchedule
Name:
JOE AND ARLENE WATT FOUNDATION INC
EIN:
83-0330482
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
  1,331 1,331    


TY 2024 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 705 2,468 2,468


TY 2024 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 364 182   182


TY 2024 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 20,750 20,750  
O&G PRODUCTION TAXES -2,849 -2,849  
OIL LEASE 84,784 84,784  


TY 2024 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 146,233 141,846   4,387


TY 2024 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 28,001