Watson University

Address
4492 Burr Place
Boulder, CO 80303
Contact
Website: http://www.watsonuniversity.org
Phone: +1 (720) 394-1889
Nonprofit
NTEE: B43 - University or Technological Institute
EIN: 46-1001797

Mission

Develop the next generation of leaders and entrepreneurs.
 201520142013
Basic features of the organization
Year of formation2013
Subsection501(c)(3)
Organization typeCorporation
Metropolitan statistical area2082
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$119,985.00$57,307.00$80,000.00
Sum of reportable (W2/1099) compensation$114,167.00$179,931.00$80,000.00
Number of employees000
Number of people compensated >$100k000
Number of volunteers40255
Number of highly compensated contractors000
Personnel
Barnett, Chris
Title Web design 
Name of key/compensated person Chris Barnett 
Average hours per week working for org 5 
Reportable compensation from org $1,094.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Key employee 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Deriso, George
Title Preceptor 
Name of key/compensated person George Deriso 
Average hours per week working for org 20 
Reportable compensation from org $16,000.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Key employee 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Glustrom, Eric
TitlePresident President and board chair
Name of key/compensated personEric Glustrom Eric Glustrom
Average hours per week working for org60 60
Reportable compensation from org$32,500.00 $0.00
Other comp, non-reportable, from org and related orgs$0.00 $0.00
PositionIndividual trustee or director, Officer, Key employee Individual trustee or director, Key employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 $0.00
Lippi, Andrew
TitleVice PresidentVice President 
Name of key/compensated personAndrew LippiAndrew Lippi 
Average hours per week working for org6050 
Reportable compensation from org$36,667.00$2,917.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionKey employeeKey employee 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Milner, Francy
Title  Preceptor
Name of key/compensated person  Francy Milner
Average hours per week working for org  20
Reportable compensation from org  $10,000.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Key employee
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Nakato, Betty
Title Vice President 
Name of key/compensated person Betty Nakato 
Average hours per week working for org 50 
Reportable compensation from org $14,580.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Key employee 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Ravilochan, Teju
Title Board memberBoard member
Name of key/compensated person Teju RavilochanTeju Ravilochan
Average hours per week working for org 21
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Sherman, Scott
Title  Preceptor
Name of key/compensated person  Scott Sherman
Average hours per week working for org  40
Reportable compensation from org  $40,000.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Key employee, Highly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Thor, Rachel
Title Vice President 
Name of key/compensated person Rachel Thor 
Average hours per week working for org 50 
Reportable compensation from org $60,000.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Key employee 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Vakilitabar, Romain
TitleVice PresidentVice President 
Name of key/compensated personRomain VakilitabarRomain Vakilitabar 
Average hours per week working for org6020.00 
Reportable compensation from org$45,000.00$5,340.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionKey employee, Highly compensated employeeKey employee 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Williams, Michael
Title PreceptorPreceptor
Name of key/compensated person Michael WilliamsMichael Williams
Average hours per week working for org 4030
Reportable compensation from org $80,000.00$30,000.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Officer, Key employeeKey employee
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Zeidan, Moe
Title  Board member
Name of key/compensated person  Moe Zeidan
Average hours per week working for org  0.5
Reportable compensation from org  $0.00
Other comp, non-reportable, from org and related orgs  $0.00
Position  Individual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesWatson provides a new model of education that aims to develop next generation leaders and entrepreneurs.Watson is a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.Watson is a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.
Program expenses (total)$368,792.00$245,678.00$200,000.00
Programs, including revenue & expenses
N/A
Program expenses$0.00  
Grants and allocations made$0.00  
Program revenue$0.00  
Program descriptionN/A  
Watson provides a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.
Program expenses$368,792.00$245,678.00$200,000.00
Grants and allocations made $88,000.00$0.00
Program revenue$169,563.00$188,446.00$257,945.00
Program descriptionWatson provides a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.Watson provides a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.Watson provides a semester long accelerator in Boulder for student innovators, leaders and entrepreneurs aged 18-23 that includes short master courses from the world's foremost leaders, entrepreneurs, and thinkers including a leader of a Nobel Peace Prize winning movement to one of Time Magazine's 100 most influential people and more; intensive mentorship; and award winning training in the entrepreneurial skills of empathy, creativity, resilience, grit, bootstrapping, team building and fundraising. We help students develop and advance solutions to the toughest challenges facing the world.
Financial data
Expense categories (totals)
Sum (total functional expenses)$394,147.00$270,786.00$202,568.00
Program services (total functional expenses)$368,792.00$245,678.00$200,000.00
Management & general (total functional expenses)$17,294.00$15,955.00$2,568.00
Fundraising (total functional expenses)$8,061.00$9,153.00$0.00
Revenue
Total revenue$490,038.00$188,446.00$257,945.00
Program service revenue (total)$187,045.00$112,232.00$73,945.00
Revenue from contributions (total)$272,141.00$76,214.00$184,000.00
Revenue from noncash contributions$0.00$0.00$184,000.00
Investment income$0.00$0.00$0.00
Total unrelated business revenue$17,354.00$0.00$0.00
Other revenue, current yr$30,852.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Total revenue from grants, etc., current yr$272,141.00$76,214.00$184,000.00
Gross receipts$490,038.00$188,446.00$257,945.00
Sources of contributions
Revenue from federated campaigns$0.00$0.00$0.00
Contributions revenue from membership dues$0.00$0.00$0.00
Revenue from fundraising events$0.00$0.00$0.00
Contributions from related organizations$0.00$0.00$0.00
Revenue from gov't grants$0.00$0.00$0.00
Revenue from all other contributions$272,141.00$76,214.00$184,000.00
Other types of revenue
Royalties (total)$0.00 $0.00
Miscellaneous revenue (total)$30,852.00$0.00$0.00
Net revenue from gaming (total)$0.00 $0.00
Income from dividends, interest, and similar investments$0.00 $0.00
Net rental income$0.00$0.00$0.00
Net income from fundraising events$0.00 $0.00
Net inventory sales (total)$0.00 $0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00
Accounting service fees (total)$0.00$0.00$0.00
Assets and liabilities
Total assets$130,105.00$34,214.00$55,777.00
Total assets, beginning of year$34,214.00$55,777.00$0.00
Total liabilities$0.00$0.00$0.00
Total liabilities, beginning of year$0.00$0.00$0.00
Pledges & accounts receivable, net$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00
Temporarily restricted net assets$0.00$0.00$0.00
Permanently restricted net assets, end of yr$0.00$0.00$0.00
Net assets$130,105.00$34,214.00$55,777.00
Net assets, beginning of year$34,214.00$55,777.00$0.00
Bond liabilities$0.00$0.00$0.00
Intangible assets$0.00$0.00$0.00
Other assets$0.00$0.00$0.00
Investments: other securities$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00
Cash: non-interest bearing$130,105.00$34,214.00$55,777.00
Cash: non-interest bearing, beginning of year$34,214.00$55,777.00$0.00
Investments: program-related$0.00$0.00$0.00
Escrow or custodial account liability$0.00$0.00$0.00
Loans and other payables to key persons$0.00$0.00$0.00
Grants payable$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00
Other financial variables
Revenue less expenses$95,891.00-$82,340.00$55,377.00
Advertising (total)$198.00$0.00$0.00
Savings & temp cash investment$0.00$0.00$0.00
Accounts receivable, net$0.00$0.00$0.00
Prepaid expenses & deferred charges$0.00$0.00$0.00
Accounts payable & accrued expenses$0.00$0.00$0.00
Deferred revenue$0.00$0.00$0.00
Unsecured notes & loans to unrelated parties$0.00$0.00$0.00
Secured mortgages and notes payable$0.00$0.00$0.00
Total net assets or fund balances$130,105.00$34,214.00$55,777.00
Depreciation, depletion, amortization$0.00$0.00$0.00
Payment to affiliates$2,258.00$0.00$0.00
Governance and accountability
Number of voting members323
Number of independent voting members212
Tax year start date2015-01-012014-01-012013-01-01
Tax year end date2015-12-312014-12-312013-12-31
Accounting methodCashCashCash
Metadata about the filing
E-return type990990990
Reason for form submission
Address change True 
First filing  True
Date e-filing submitted2016-12-202015-08-202014-08-22
IRS schema version2015v2.12014v5.02013v3.0
Filing identifier201632249349300223201501359349304365201400989349301010
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