Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
Do not enter social security numbers on this form as it may be made public.
Go to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2025
Open to Public Inspection
For calendar year 2025, or tax year beginning 01 - 01 2025, and ending 12 - 31, 20 25
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) PO BOX 505 MAC H0006-092
 
Room/suite
City or town
SAINT LOUIS
State or province
MO
Country  
ZIP or foreign postal code
63166
A Employer identification number

75-2852810
B Telephone number (see instructions)

8887304933
C
G Check all that apply:

D 1. Foreign organizations, check here.............
2. Foreign organizations meeting the 85%
test, check here and attach computation ...
E
H Check type of organization:
F
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)$2,243,575
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 .................
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 47,749 47,127  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 100,073
b Gross sales price for all assets on line 6a 1,382,409
7 Capital gain net income (from Part IV, line 2)... 100,073
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)....... 44,245 44,245  
12 Total. Add lines 1 through 11........ 192,067 191,445  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 30,861 23,146   7,715
14 Other employee salaries and wages......   0 0 0
15 Pension plans, employee benefits.......   0 0  
16a Legal fees (attach schedule).........       0
b Accounting fees (attach schedule)....... 1,786 0 0 1,786
c Other professional fees (attach schedule).... 1,779 1,779   0
17 Interest...............       0
18 Taxes (attach schedule) (see instructions)... 2,950 655   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)....... 8,726 8,726    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 46,102 34,306 0 9,501
25 Contributions, gifts, grants paid....... 94,500 94,500
26 Total expenses and disbursements. Add lines 24 and 25 ................ 140,602 34,306 0 104,001
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 51,465
b Net investment income (if negative, enter -0-) 157,139
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2025)
Form 990-PF (2025)
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............. 2,479    
2 Savings and temporary cash investments......... 123,529 93,332 93,332
3 Accounts receivable  
Less: allowance for doubtful accounts     0 0
4 Pledges receivable  
Less: allowance for doubtful accounts        
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)  
Less: allowance for doubtful accounts 0      
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)....... 309,763 Click to see attachment
List of Attached Documents:
// Content
334,723
803,216
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 995,350 Click to see attachment
List of Attached Documents:
// Content
1,054,182
1,347,027
14 Land, buildings, and equipment: basis  
Less: accumulated depreciation (attach schedule)        
15 Other assets (describe )      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 1,431,121 1,482,237 2,243,575
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 )    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here
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
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 1,431,121 1,482,237
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)..... 1,431,121 1,482,237
30 Total liabilities and net assets/fund balances (see instructions). 1,431,121 1,482,237
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
1,431,121
2
Enter amount from Part I, line 27a .....................
2
51,465
3
Other increases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
3
864
4
Add lines 1, 2, and 3 ..........................
4
1,483,450
5
Decreases not included in line 2 (itemize) Click to see attachment
List of Attached Documents:
// Content
5
1,213
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, line 29, column (b) ..
6
1,482,237
Form 990-PF (2025)
Form 990-PF (2025)
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 16. ALPHABET INC CL C   2024-07-23 2025-01-23
b 9. ARISTA NETWORKS INC   2024-07-23 2025-01-23
c 5. BROADCOM INC   2024-07-23 2025-01-23
d 4. DANAHER CORP     2025-01-23
e 77. NVIDIA CORP     2025-01-23
3. VERTEX PHARMACEUTICALS INC COM   2024-09-05 2025-01-23
1. BOOKING HOLDINGS INC   2020-04-07 2025-03-03
5. CORPAY INC     2025-03-03
17. FORTUNE BRANDS INNOVATIONS INC   2024-09-05 2025-03-03
79. FORTUNE BRANDS INNOVATIONS INC     2025-03-03
7. MORGAN STANLEY   2024-04-03 2025-03-03
12. MORGAN STANLEY   2020-06-04 2025-03-03
4. ACCENTURE PLC   2024-09-05 2025-03-03
13. ACCENTURE PLC     2025-03-03
5345. BAIRD AGGREGATE BOND FUND-INST 72   2022-04-22 2025-03-20
195. FIDELITY NEW MRKTS INC-Z #3323     2025-03-20
307. GLDMN SCHS GQG PRT INTL-R6 4946   2025-01-23 2025-03-20
554. EMBARK COMMODITY STRAT-RTR   2024-04-22 2025-03-20
73. ISHARES CORE MSCI EMERGING ETF   2021-03-25 2025-03-20
607. NYLI MACKAY HIGH YILD CBF-R6   2025-01-23 2025-03-20
2938. PIMCO TOTAL RET FD-INST #35   2022-04-22 2025-03-20
123. PIMCO COMMODITY REAL RET STRAT-I45   2021-07-26 2025-03-20
542. PGIM HIGH YIELD-Q 1067   2020-05-15 2025-03-20
537.257 T ROWE PR OVERSEAS STOCK-I #521   2025-01-23 2025-03-20
1309.743 T ROWE PR OVERSEAS STOCK-I #521   2023-05-18 2025-03-20
681. TCW EMRG MRKTS INC-PLAN #5721     2025-03-20
2379. BAIRD AGGREGATE BOND FUND-INST 72     2025-04-09
3. META PLATFORMS INC   2025-03-20 2025-04-09
277. FIDELITY NEW MRKTS INC-Z #3323   2015-12-17 2025-04-09
123. GLDMN SCHS GQG PRT INTL-R6 4946   2025-01-23 2025-04-09
406. EMBARK COMMODITY STRAT-RTR   2024-04-22 2025-04-09
1521. NYLI MACKAY HIGH YILD CBF-R6     2025-04-09
1052. PIMCO TOTAL RET FD-INST #35   2022-04-22 2025-04-09
63. PRINCIPAL MIDCAP FUND-R6 #4268   2025-03-20 2025-04-09
998.075 PGIM HIGH YIELD-Q 1067   2025-01-23 2025-04-09
233.925 PGIM HIGH YIELD-Q 1067   2020-05-15 2025-04-09
1058. TCW EMRG MRKTS INC-PLAN #5721   2018-07-18 2025-04-09
39. ALPHABET INC CL C     2025-06-11
14. AMAZON COM INC COM     2025-06-11
14. APPLE INC     2025-06-11
11. ARISTA NETWORKS INC     2025-06-11
2939.109 BAIRD AGGREGATE BOND FUND-INST 72   2025-01-23 2025-06-11
13590.335 BAIRD AGGREGATE BOND FUND-INST 72     2025-06-11
28. BOSTON SCIENTIFIC CORP COM     2025-06-11
8. BROADCOM INC   2025-03-20 2025-06-11
5. CONSTELLATION BRANDS INC   2024-07-23 2025-06-11
24. CONSTELLATION BRANDS INC     2025-06-11
3. META PLATFORMS INC     2025-06-11
422.137 FIDELITY NEW MRKTS INC-Z #3323     2025-06-11
2172.046 FIDELITY NEW MRKTS INC-Z #3323     2025-06-11
203.262 GLDMN SCHS GQG PRT INTL-R6 4946   2025-01-23 2025-06-11
2286.376 GLDMN SCHS GQG PRT INTL-R6 4946   2023-05-18 2025-06-11
4313.389 EMBARK COMMODITY STRAT-RTR     2025-06-11
2109.14 EMBARK COMMODITY STRAT-RTR   2024-04-22 2025-06-11
5630.02 EMBARK SMALL CAP EQUITY-RTR     2025-06-11
6. INTERCONTINENTAL EXCHANGE INC   2025-03-20 2025-06-11
8. INTERCONTINENTAL EXCHANGE INC   2018-06-14 2025-06-11
36. ISHARES CORE MSCI EMERGING ETF   2021-03-25 2025-06-11
12793.824 NYLI MACKAY HIGH YILD CBF-R6   2024-09-05 2025-06-11
7. MICROSOFT CORP     2025-06-11
3. NETFLIX.COM INC   2025-03-20 2025-06-11
2. NETFLIX.COM INC   2019-08-09 2025-06-11
26. NVIDIA CORP   2025-03-03 2025-06-11
2. OKTA INC   2025-03-20 2025-06-11
21. OKTA INC     2025-06-11
1968.602 PIMCO TOTAL RET FD-INST #35     2025-06-11
5558.463 PIMCO TOTAL RET FD-INST #35     2025-06-11
262.405 PIMCO COMMODITY REAL RET STRAT-I45   2024-07-23 2025-06-11
2351.9 PIMCO COMMODITY REAL RET STRAT-I45     2025-06-11
1207.515 PRINCIPAL MIDCAP FUND-R6 #4268     2025-06-11
2688.018 T ROWE PR OVERSEAS STOCK-I #521     2025-06-11
1491.597 TCW EMRG MRKTS INC-PLAN #5721     2025-06-11
8706.57 TCW EMRG MRKTS INC-PLAN #5721     2025-06-11
138.166 TOUCHSTONE MID CAP-R6 #355     2025-06-11
1258.501 TOUCHSTONE MID CAP-R6 #355     2025-06-11
3. VERTEX PHARMACEUTICALS INC COM   2025-03-20 2025-06-11
3. VISA INC-CLASS A SHRS   2025-03-20 2025-06-11
777. FIRST TRUST GLOBAL TACTICAL   2025-06-11 2025-06-18
279. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-07-11
279. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-08-08
10. ALPHABET INC CL C   2024-09-05 2025-08-19
8. ALPHABET INC CL C   2019-02-26 2025-08-19
18. AMAZON COM INC COM   2025-03-20 2025-08-19
8. APPLE INC   2025-03-20 2025-08-19
10. APPLE INC   2019-02-26 2025-08-19
12. ARISTA NETWORKS INC   2025-03-20 2025-08-19
10. BROADCOM INC   2024-07-23 2025-08-19
3. CADENCE DESIGN SYSTEMS INC   2024-07-23 2025-08-19
16. CANADIAN PACIFIC KANSAS CITY L     2025-08-19
27. CHIPOTLE MEXICAN GRILL INC   2024-10-10 2025-08-19
5. DANAHER CORP   2025-03-20 2025-08-19
4. META PLATFORMS INC   2024-07-23 2025-08-19
729. FIRST TRUST GLOBAL TACTICAL   2025-06-11 2025-08-19
3. INTUITIVE SURGICAL INC   2025-03-20 2025-08-19
11. MICROSOFT CORP     2025-08-19
37. NVIDIA CORP   2025-03-03 2025-08-19
13. NVIDIA CORP   2024-08-06 2025-08-19
7. PALO ALTO NETWORKS INC     2025-08-19
5. SALESFORCE INC   2025-03-20 2025-08-19
2. SERVICENOW INC   2025-03-20 2025-08-19
13. TRIMBLE NAV LTD   2025-03-20 2025-08-19
4. UNITEDHEALTH GROUP INC   2024-09-05 2025-08-19
647. VANGUARD RUSSELL 2000   2025-06-11 2025-08-19
9. VERTIV HOLDINGS LLC   2024-08-06 2025-08-19
5. VISA INC-CLASS A SHRS     2025-08-19
11. XPO INC   2025-03-20 2025-08-19
24. ALIGN TECHNOLOGY INC   2024-12-19 2025-08-21
15. ALIGN TECHNOLOGY INC     2025-08-21
3. ARISTA NETWORKS INC   2025-03-20 2025-08-21
22. ARISTA NETWORKS INC   2020-06-26 2025-08-21
4. CADENCE DESIGN SYSTEMS INC   2024-10-10 2025-08-21
5. CADENCE DESIGN SYSTEMS INC     2025-08-21
2. TRIMBLE NAV LTD   2025-03-20 2025-08-21
85. TRIMBLE NAV LTD     2025-08-21
13. VERTIV HOLDINGS LLC   2024-08-06 2025-08-21
300. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-09-10
300. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-10-07
30. ALPHABET INC CL C   2019-02-26 2025-10-13
8. APPLE INC   2019-02-26 2025-10-13
30. ARISTA NETWORKS INC   2020-06-26 2025-10-13
1. BROADCOM INC   2025-03-20 2025-10-13
4. BROADCOM INC   2024-07-23 2025-10-13
4. NETFLIX.COM INC   2019-08-09 2025-10-13
14. VERTIV HOLDINGS LLC   2024-08-06 2025-10-13
300. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-11-14
153. INVESCO OPTIMUM YIELD DIVERSIF ETF   2025-06-11 2025-11-20
803. ISHARES CORE U.S. AGGREGATE ETF   2025-08-19 2025-11-20
11. ISHARES JP MORGAN USD EMERGING   2025-06-11 2025-11-20
1. ELI LILLY & CO COM   2024-07-23 2025-11-20
72. NETFLIX.COM INC     2025-11-20
2. ULTA BEAUTY INC     2025-11-20
52. SPDR GOLD MINISHARES TRUST ETF   2025-06-18 2025-11-20
248. SPDR GOLD MINISHARES TRUST ETF   2025-01-01 2025-12-05
12. ALPHABET INC CL C   2019-02-26 2025-12-10
7. ANALOG DEVICES INC   2024-10-10 2025-12-10
92. COSTAR GROUP, INC     2025-12-10
13. POOL CORPORATION     2025-12-10
8. VERTIV HOLDINGS LLC   2024-08-06 2025-12-10
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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 3,199   2,947 252
b 1,146   770 376
c 1,191   816 375
d 980   629 351
e 11,163   8,743 2,420
1,288   1,433 -145
5,012   1,373 3,639
1,850   1,274 576
1,104   1,313 -209
5,132   3,772 1,360
934   652 282
1,601   572 1,029
1,390   1,377 13
4,518   1,965 2,553
52,702   54,619 -1,917
2,533   2,839 -306
6,530   6,201 329
6,050   5,950 100
4,029   4,568 -539
3,162   3,181 -19
25,531   26,845 -1,314
1,755   2,314 -559
2,602   2,656 -54
7,393   6,990 403
18,022   15,756 2,266
4,508   5,438 -930
23,124   24,101 -977
1,708   1,749 -41
3,402   4,022 -620
2,478   2,485 -7
4,137   4,360 -223
7,666   7,962 -296
8,984   9,612 -628
2,714   2,775 -61
4,631   4,791 -160
1,085   1,146 -61
6,634   8,431 -1,797
6,977   6,341 636
2,988   3,107 -119
2,787   3,048 -261
1,033   931 102
28,686   28,362 324
132,642   134,151 -1,509
2,786   2,495 291
2,018   1,534 484
841   1,222 -381
4,037   4,603 -566
2,090   1,678 412
5,424   5,381 43
27,911   30,009 -2,098
4,575   4,106 469
51,466   40,697 10,769
46,585   44,208 2,377
22,779   22,652 127
59,172   59,079 93
1,061   1,039 22
1,414   599 815
2,144   2,253 -109
66,272   66,912 -640
3,303   2,900 403
3,654   2,850 804
2,436   618 1,818
3,700   3,099 601
201   225 -24
2,111   3,618 -1,507
16,891   16,723 168
47,692   47,577 115
3,682   3,398 284
32,997   33,074 -77
55,618   52,354 3,264
39,218   32,188 7,030
9,800   9,761 39
57,202   64,166 -6,964
7,596   7,776 -180
69,192   41,625 27,567
1,361   1,530 -169
1,118   1,017 101
20,078   19,448 630
1   2 -1
1   1  
2,040   1,588 452
1,632   446 1,186
4,140   3,474 666
1,851   1,710 141
2,313   436 1,877
1,644   996 648
3,008   1,633 1,375
1,062   862 200
1,182   1,301 -119
1,174   1,573 -399
1,050   1,051 -1
3,068   1,968 1,100
18,049   18,247 -198
1,443   1,473 -30
5,665   4,445 1,220
6,749   4,410 2,339
2,371   1,351 1,020
1,316   1,285 31
1,225   1,385 -160
1,787   1,655 132
1,077   923 154
1,234   2,396 -1,162
59,674   55,878 3,796
1,195   611 584
1,717   1,521 196
1,414   1,207 207
3,405   5,183 -1,778
2,128   3,417 -1,289
395   249 146
2,898   288 2,610
1,388   1,125 263
1,736   1,060 676
161   142 19
6,826   3,667 3,159
1,643   882 761
2   1 1
2   1 1
7,301   1,672 5,629
1,988   349 1,639
4,392   393 3,999
355   192 163
1,422   653 769
4,870   1,237 3,633
2,511   950 1,561
2   2  
2,083   2,018 65
80,446   79,506 940
1,058   1,005 53
1,047   873 174
7,905   1,912 5,993
1,000   496 504
4,199   3,487 712
2   1 1
3,846   669 3,177
1,968   1,617 351
6,271   7,643 -1,372
3,127   2,494 633
1,477   543 934
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
      47
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       252
b       376
c       375
d       351
e       2,420
      -145
      3,639
      576
      -209
      1,360
      282
      1,029
      13
      2,553
      -1,917
      -306
      329
      100
      -539
      -19
      -1,314
      -559
      -54
      403
      2,266
      -930
      -977
      -41
      -620
      -7
      -223
      -296
      -628
      -61
      -160
      -61
      -1,797
      636
      -119
      -261
      102
      324
      -1,509
      291
      484
      -381
      -566
      412
      43
      -2,098
      469
      10,769
      2,377
      127
      93
      22
      815
      -109
      -640
      403
      804
      1,818
      601
      -24
      -1,507
      168
      115
      284
      -77
      3,264
      7,030
      39
      -6,964
      -180
      27,567
      -169
      101
      630
      -1
       
      452
      1,186
      666
      141
      1,877
      648
      1,375
      200
      -119
      -399
      -1
      1,100
      -198
      -30
      1,220
      2,339
      1,020
      31
      -160
      132
      154
      -1,162
      3,796
      584
      196
      207
      -1,778
      -1,289
      146
      2,610
      263
      676
      19
      3,159
      761
      1
      1
      5,629
      1,639
      3,999
      163
      769
      3,633
      1,561
       
      65
      940
      53
      174
      5,993
      504
      712
      1
      3,177
      351
      -1,372
      633
      934
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
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 2 100,073
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 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 2,184
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 2,184
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 2,184
6 Credits/Payments:
a 2025 estimated tax payments and 2024 overpayment credited to 2025 6a 1,656
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 1,656
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....... 9 528
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid... 10  
11 Enter the amount of line 10 to be: Credited to 2026 estimated tax0 Refunded 11 0
For Refunded amount, also complete and attach Form 8050. See instructions.
Form 990-PF (2025)
Form 990-PF (2025)
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. $   (2) On foundation managers.$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.$  
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)
TX
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 2025 or the taxable year beginning in 2025? 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 address  
14
The books are in care of   Telephone no. (800) 352-3705

Located at100 N MAIN ST FL 5 D4001-052WINSTON SALEMNC ZIP+427101
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........
and enter the amount of tax-exempt interest received or accrued during the year ........
15
 
16 At any time during calendar year 2025, 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
Form 990-PF (2025)
Form 990-PF (2025)
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 ........
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 2025? .............
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 2025, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2025?....................
2a
 
No
If "Yes," list the years 20, 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.
20, 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 2025 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 Form 4720, Schedule C, to determine
if the foundation had excess business holdings in 2025.).....................
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 2025? ..
4b
 
No
Form 990-PF (2025)
Form 990-PF (2025)
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 .........
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
30,861    
100 N MAIN ST FL 5D4001-052
WINSTON SALEM,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................... 0
Form 990-PF (2025)
Form 990-PF (2025)
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.........................  
Form 990-PF (2025)
Form 990-PF (2025)
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
2,089,680
b
Average of monthly cash balances.......................
1b
60,536
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, 1b, and 1c).......................
1d
2,150,216
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
2,150,216
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
32,253
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
2,117,963
6
Minimum investment return. Enter 5% (0.05) of line 5 ................
6
105,898
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
105,898
2a
Tax on investment income for 2025 from Part V, line 5 .......
2a
2,184
b
Income tax for 2025. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
2,184
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
103,714
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
103,714
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
103,714
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, line 26, column (d) ..........
1a
104,001
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
104,001
Form 990-PF (2025)
Form 990-PF (2025)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus
(b)
Years prior to 2024
(c)
2024
(d)
2025
1 Distributable amount for 2025 from Part X, line 7 103,714
2 Undistributed income, if any, as of the end of 2025:
a Enter amount for 2024 only....... 91,268
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2025:
a From 2020...... 0
b From 2021...... 0
c From 2022...... 0
d From 2023...... 0
e From 2024...... 0
f Total of lines 3a through e ........ 0
4Qualifying distributions for 2025 from Part
XI, line 4: $ 104,001
a Applied to 2024, but not more than line 2a 91,268
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 2025 distributable amount..... 12,733
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2025. 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 2024. Subtract line
4a from line 2a. Taxable amount—see
instructions .............
0
f Undistributed income for 2025. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2026 ..........
90,981
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 2020 not
applied on line 5 or line 7 (see instructions) ...
0
9 Excess distributions carryover to 2026.
Subtract lines 7 and 8 from line 6a ......
0
10 Analysis of line 9:
a Excess from 2021 .... 0
b Excess from 2022 .... 0
c Excess from 2023 .... 0
d Excess from 2024 .... 0
e Excess from 2025 .... 0
Form 990-PF (2025)
Form 990-PF (2025)
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 2025, enter the date of the ruling ......
 
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) 2025 (b) 2024 (c) 2023 (d) 2022
         
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, 3b, or 3c 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 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, 2b, 2c, and 2d. See instructions
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 (2025)
Form 990-PF (2025)
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   GENERAL OPERATING 94,500
Total ................................. 3a 94,500
bApproved for future payment
Total ................................. 3b  
Form 990-PF (2025)
Form 990-PF (2025)
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 47,749  
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 ............
    18 100,073  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aOMG ROYALTY INCOME
    1 44,245  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   192,067  
13Total. Add line 12, columns (b), (d), and (e)..................
13
192,067
(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 (2025)
Form 990-PF (2025)
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.
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Preparer's name Preparer's Signature Date Check if self-
employed
PTIN
Firm's name
Firm's EIN
Firm's address


Phone no.
Form 990-PF (2025)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2025 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 1,786     1,786

TY 2025 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
016255101 ALIGN TECHNOLOGY INC    
02079K107 ALPHABET INC CL C 6,028 56,170
023135106 AMAZON COM INC COM 19,772 49,395
037833100 APPLE INC 1,308 58,450
09857L108 BOOKING HOLDINGS INC    
101137107 BOSTON SCIENTIFIC CO 4,076 11,442
11135F101 BROADCOM INC 3,876 39,802
127387108 CADENCE DESIGN SYSTE 7,119 10,315
13646K108 CANADIAN PACIFIC KAN 6,479 8,983
169656105 CHIPOTLE MEXICAN GRI 11,111 7,770
21036P108 CONSTELLATION BRANDS    
235851102 DANAHER CORP 6,747 11,217
252131107 DEXCOM INC 8,237 8,894
278865100 ECOLAB INC 6,505 9,451
30303M102 META PLATFORMS INC 9,422 34,985
34964C106 FORTUNE BRANDS INNOV    
45866F104 INTERCONTINENTAL EXC 3,118 6,802
46120E602 INTUITIVE SURGICAL I 7,104 14,159
532457108 ELI LILLY & CO COM 5,570 18,270
594918104 MICROSOFT CORP 10,520 68,674
617446448 MORGAN STANLEY 2,504 10,119
64110L106 NETFLIX INC 200 750
67066G104 NVIDIA CORP 26,744 121,598
679295105 OKTA INC 11,006 10,117
697435105 PALO ALTO NETWORKS I 2,550 10,868
73278L105 POOL CORPORATION    
78409V104 S&P GLOBAL INC 4,744 9,929
79466L302 SALESFORCE INC 8,616 13,510
81762P102 SERVICENOW INC 3,164 9,191
88339J105 TRADE DESK INC/THE 10,614 5,884
892356106 TRACTOR SUPPLY CO CO 2,992 6,751
893641100 TRANSDIGM GROUP INC 4,395 10,639
896239100 TRIMBLE INC    
90384S303 ULTA BEAUTY INC 4,794 10,890
92532F100 VERTEX PHARMACEUTICA 4,218 9,521
92826C839 VISA INC-CLASS A SHR 8,281 20,692
983793100 XPO INC 3,839 11,145
G1151C101 ACCENTURE PLC    
00724F101 ADOBE INC 13,288 11,200
032654105 ANALOG DEVICES INC 6,615 7,865
040413205 ARISTA NETWORKS INC 3,382 14,675
219948106 CORPAY INC 5,735 7,222
22160N109 COSTAR GROUP, INC    
23804L103 DATADOG INC 11,517 12,511
64125C109 NEUROCRINE BIOSCIENC 8,165 8,652
91324P102 UNITEDHEALTH GROUP I 11,463 7,262
92537N108 VERTIV HOLDINGS LLC 3,958 8,263
36828A101 GE VERNOVA INC 8,024 7,189
68389X105 ORACLE CORPORATION 11,441 7,991
90353T100 UBER TECHNOLOGIES IN 10,477 10,949
931142103 WALMART INC 7,388 8,579
L8681T102 SPOTIFY TECHNOLOGY S 9,664 8,130
M7S64H106 MONDAY.COM LTD 7,953 6,345

TY 2025 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      
31641Q755 FIDELITY NEW MRKTS I      
38147N269 GLDMN SCHS GQG PRT I      
46434G103 ISHARES CORE MSCI EM AT COST 112,117 118,240
693390700 PIMCO TOTAL RET FD-I      
722005667 PIMCO COMMODITY REAL      
74440Y884 PGIM HIGH YIELD-Q 10 AT COST 58,107 58,201
77956H435 T ROWE PR OVERSEAS S      
872365713 TCW EMRG MRKTS INC-P      
89155T490 TOUCHSTONE MID CAP-R      
922908629 VANGUARD MIDCAP VIPE AT COST 175,076 220,567
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 1
MI0128485 TX COOKE E/100 ACS L AT COST 1 500
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 3,354
MIT034724 TX CLAY 40.29 BLKS 3 AT COST 1 1
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 # 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 56
MIT034914 CLAY CO TX ARMSTRONG AT COST 1 1
MIT034922 CLAY CO TX VEITH A L AT COST 1 25,139
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 2,563
MIT034997 CLAY CO TX STINE LEA AT COST 1 1
MIT035002 CLAY CO TX J T LYLES AT COST 1 34
MIT035010 CLAY CO TX HALSELL F AT COST 1 26,438
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 1,980
MIT035069 CLAY CO TX ARMSTRONG AT COST 1 1
MIT035085 CLAY CO TX HALSELL L AT COST 1 1
MIT035093 CLAY CO TX DAVIS A-1 AT COST 1 1
MIT035101 CLAY CO TX LYLES B L AT COST 1 216
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 3,025
MIT035176 CLAY CO TX PILLSBURY AT COST 1 552
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 7,984
MIT035242 TX CLAY 160 AC C THO AT COST 1 12,891
MIT035259 CLAY CO TX VIOLA MYE AT COST 1 23,241
MIT035267 CLAY CO TX H M NOE L AT COST 1 19,465
MIT035283 CLAY CO TX JAMES SHO AT COST 1 39,534
MIT035291 CLAY CO TX WILLIAMS AT COST 1 7,601
MIT035309 CLAY CO TX WILLIAMS AT COST 1 1
MIT035317 CLAY CO TX H O WINDL AT COST 1 8,190
MIT035333 CLAY CO TX JACKSON L AT COST 1 1
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 BLK 29 T1S SEC 20 AT COST 1 5,389
MIT035390 MITCHELL CO TX W W W AT COST 1 4,447
MIT035408 MITCHELL CO TX W W W AT COST 1 1
MIT035416 MITCHELL CO TX W W W AT COST 1 365
MIT035424 S2N2S2 BLK 29 T1S SE AT COST 1 1
MIT035432 MONTAGUE CO TX R L B AT COST 1 1
MIT035440 MONTAGUE CO TX WINES AT COST 1 574
MIT077707 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077715 BLK 25 A-176 STINE 1 AT COST 1 1
MIT077749 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077756 TX CLAY 157.25 ACS B AT COST 1 6,954
MIT077764 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077780 BLK 12 & 13 A-176 AT COST 1 1
MIT077798 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077806 BLK 27 A-176 FAGADAU AT COST 1 1
MIT077814 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077822 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077855 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077863 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077871 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077889 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077905 TX CLAY 18.75 NMA FA AT COST 1 1
MIT077913 BLK 25 A-176 E R CRU AT COST 1 1
MIT077921 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077939 CLAY COUNTY, TEXAS . AT COST 1 1
MIT077947 BLK 62 J H BELCHER S AT COST 1 1
MIT078036 BLK 47 A-144 CAMPBEL AT COST 1 1
MIT078044 CLAY COUNTY, TEXAS . AT COST 1 1
MIT078051 CLAY COUNTY, TEXAS C AT COST 1 1
MIT078069 CLAY COUNTY, TEXAS . AT COST 1 1
MIT078077 CLAY COUNTY, TEXAS . AT COST 1 1
MIT078085 CLAY COUNTY, TEXAS M AT COST 1 1
MIT078093 BLK 39 & 40 P R SAND AT COST 1 1
MIT078101 TX JACK 54 2/3 AC GU AT COST 1 57
41152J108 EMBARK COMMODITY STR      
41152J306 EMBARK SMALL CAP EQU      
46432F842 ISHARES CORE MSCI EA AT COST 102,345 121,218
56063N881 NYLI MACKAY HIGH YIL      
74256W584 PRINCIPAL MIDCAP FUN      
381430107 GOLDMAN SACHS ACTIVE AT COST 56,162 60,889
46090F100 INVESCO OPTIMUM YIEL AT COST 37,096 37,286
464287226 ISHARES CORE U.S. AG AT COST 230,161 234,219
464288281 ISHARES JP MORGAN US AT COST 111,593 117,654
46434V613 ISHR CR UNVRSE USD B AT COST 77,391 78,839
46435U853 ISHARES BROAD USD HI AT COST 77,402 78,118
98149E303 SPDR GOLD MINISHARES AT COST 16,633 21,172

TY 2025 OtherDecreasesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Amount
ROC ON CY SALES 3
PY RETURN OF CAPITAL ADJUSTMENT 720
TAX LOT BASIS ADJUSTMENT 341
COST BASIS ADJUSTMENT 149


TY 2025 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 - PRODUCT 2,037 2,037   0
OMG MINERAL INTEREST - AD VALO 2,361 2,361   0
MINERAL INTEREST - FEES 4,310 4,310   0
OMG OTHER ROYALTY EXPENSES 8 8   0
INVESTMENT EXPENSES - PROCEEDS 10 10   0


TY 2025 OtherIncomeSchedule2
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OMG ROYALTY INCOME 44,245 44,245  


TY 2025 OtherIncreasesSchedule
Name:
MADGE B & FELIX H WATSON FOUNDATION
EIN:
75-2852810
Description Amount
MUTUAL FUND TIMING ADJ 864


TY 2025 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 1,779 1,779    


TY 2025 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 372 372   0
FEDERAL TAX PAYMENT - PRIOR YE 639 0   0
FEDERAL ESTIMATES - PRINCIPAL 1,656 0   0
FOREIGN TAXES ON NONQUALIFIED 283 283   0