The Watershed Center Inc
- Assets
- $1.3m
- Revenue
- $646.9k
- Investments
- $0.0
- Employees
- 9
- Location
- Millerton, NY
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 36-4624060
Organization Overview
The Watershed Center Inc is located in Millerton, NY. The organization was established in 2008. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Watershed Center Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watershed Center Inc 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 12/2022, Watershed Center Inc generated $646.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $739.3k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO LOW-INCOME, UNDER-SERVED AND VULNERABLE COMMUNITIES AND NON-PROFIT CHARITABLE ORGANIZATIONS THROUGH WORKSHOPS, CONFERENCES, TRAINING AND RETREATS FOR ADVOCACY, LEADERSHIP AND DEVELOPMENT, CAREER AND LIFE SKILLS DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WATERSHED CENTER PROVIDES FISCAL SPONSORSHIP TO ALLOW ORGANIZATIONS AND INDIVIDUALS TO RAISE FUNDS FOR EMERGING PROGRAMS AND ORGANIZATIONS THAT ARE ALIGNED WITH ITS MISSION.
THE WATERSHED CENTER FACILITATES WORKSHOPS, EVENTS, CONFERENCES, TRAININGS, AND RETREATS IN AREAS SUCH AS ADVOCACY SKILLS, LEADERSHIP, DEVELOPMENT, JOB TRAINING, CAREER DEVELOPMENT, AND LIFE SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celia Kutz President | Trustee | 3 | $0 |
Sonya Shah Treasurer | Trustee | 1 | $0 |
Thomas Kruise Secretary | Trustee | 2 | $0 |
Alonda Powell-Johnson Director | Trustee | 1 | $0 |
Gregg Osofsky Officer | Officer | 40 | $20,840 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,159 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $227,159 |
| Total Program Service Revenue | $417,983 |
| Investment income | $1,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $646,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,170 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,732 |
| Payroll taxes | $17,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,740 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $32 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,261 |
| Insurance | $15,679 |
| All other expenses | $4,361 |
| Total functional expenses | $739,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,865 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,090 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $148,770 |
| Investments—publicly traded securities | $27,576 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $853,699 |
| Total assets | $1,283,000 |
| Accounts payable and accrued expenses | $31,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $929,205 |
| Total liabilities | $960,535 |
| Net assets without donor restrictions | $291,282 |
| Net assets with donor restrictions | $31,183 |
| 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 | $1,283,000 |
Grants Awarded
Over the last fiscal year, The Watershed Center Inc has awarded $217,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MOVEMENT GENERATION PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $40,000 |
CENTER FOR THIRD WORLD ORGANIZING PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $117,000 |
UNLOCKING FUTURES PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $60,000 |