Watershed Center For The Ceramic Arts Incorporated
- Assets
- $8.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Edgecomb, ME
- Founding
- 10/1994
- Data as of
- 12/2023
- EIN
- 01-0427824
Organization Overview
Watershed Center For The Ceramic Arts Incorporated is located in Edgecomb, ME. The organization was established in 1994. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Watershed Center For The Ceramic Arts Incorporated employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watershed Center For The Ceramic Arts Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Watershed Center For The Ceramic Arts Incorporated generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $888.6k during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ARTISTIC EDUCATION BY PROVIDING A RESIDENCY/RETREAT FOR CERAMIC ARTISTS FROM ACROSS THE COUNTRY AND ABROAD WHO CREATE IN CLAY AND PARTICIPATE IN THE CLAY ARTS AS WELL AS PROVIDING COMMUNITY EDUCATION PROGRAMS IN THE MID-COAST MAINE AREA AND NATIONALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER RESIDENCY: WATERSHED HOSTS MULTIPLE GROUPS OF 5-17 ARTISTS-IN- RESIDENCE FOR TWO TO THREE WEEKS AND PROVIDES TIME, SPACE, CHEF-PREPARED MEALS, AND STUDIO SUPPORT WHILE THEY EXPLORE IDEAS IN THEIR CREATIVE PRACTICE AND CREATE CONNECTIONS WITH OTHER ARTISTS.
WORKSHOPS/FIRINGS: WATERSHED IS HOME TO SEVERAL DIFFERENT TYPES OF KILNS (WOODS, GAS, RAKU) WHICH ARE RENTED OUT TO LOCAL CERAMIC ARTISTS, MANY OF WHOM WOULD NOT HAVE ACCESS TO ATMOSPHERIC FIRINGS OTHERWISE.
EDUCATION: WATERSHED PROVIDES AFFORDABLE SKILL-BUILDING WORKSHOPS TO MAINE K-12 ART EDUCATORS, SO THAT THEY ARE ABLE TO TEACH THOSE SKILLS TO THEIR STUDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Seaton Outgoing Exe | Officer | 40 | $49,579 |
Sadie Bliss Interim Exec | Officer | 24 | $5,000 |
Patrick Coughlin Trustee | Trustee | 1 | $0 |
Lauren Dombrowiak Trustee | Trustee | 1 | $0 |
Paul Donnelly Secretary | OfficerTrustee | 2 | $0 |
Lenny Dowhie Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jf Scott Construction Construction | 12/30/20 | $702,709 |
J Baldy & Sons Construction | 12/30/20 | $113,447 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,623 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,079,429 |
| Noncash contributions included in lines 1a–1f | $12,810 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,552 |
| Total Program Service Revenue | $178,524 |
| Investment income | $140,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,551 |
| Net Income from Fundraising Events | -$2,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,014 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,396,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,317 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,579 |
| Compensation of current officers, directors, key employees. | $19,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $312,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,148 |
| Payroll taxes | $29,916 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,647 |
| Fees for services: Accounting | $11,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,755 |
| Fees for services: Other | $58,627 |
| Advertising and promotion | $505 |
| Office expenses | $8,161 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,797 |
| Travel | $6,872 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,709 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,050 |
| Insurance | $30,494 |
| All other expenses | $18,111 |
| Total functional expenses | $888,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,456 |
| Savings and temporary cash investments | $1,573,710 |
| Pledges and grants receivable | $95,639 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,866 |
| Prepaid expenses and deferred charges | $288 |
| Net Land, buildings, and equipment | $5,437,946 |
| Investments—publicly traded securities | $1,769,838 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,921,743 |
| Accounts payable and accrued expenses | $443,026 |
| Grants payable | $0 |
| Deferred revenue | $3,635 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $230,889 |
| Other liabilities | $0 |
| Total liabilities | $677,550 |
| Net assets without donor restrictions | $5,465,271 |
| Net assets with donor restrictions | $2,778,922 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,921,743 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Watershed Center For The Ceramic Arts Incorporated Edgecomb, ME | $8,921,743 | $1,396,825 |
Conjuring Arts Research Center Nashua, NH | $795,705 | $215,032 |
Maine Crafts Association Gardiner, ME | $241,551 | $233,069 |
Seacoast Artist Association Exeter, NH | $89,592 | $0 |
My Homecourt Inc Portsmouth, NH | $37,822 | $0 |
Tempoart Portland Portland, ME | $33,021 | $0 |
Maine Fiberarts Brunswick, ME | $29,568 | $0 |
Architalx Portland, ME | $111,281 | $0 |
Nashua International Sculpture Symposium Nashua, NH | $22,163 | $0 |
Pine Tree Quilters Guild Augusta, ME | $108,803 | $0 |
Union Of Maine Visual Artists Inc Walpole, ME | $106,751 | $0 |
United Maine Craftsmen Waterville, ME | $48,838 | $0 |
Tarleton Castle Arts Landaff, NH | $12,885 | $0 |
Schoodic International Sculpture Symposium Steuben, ME | $176,196 | $0 |