Watershed
- Assets
- $187.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Hill, TX
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 71-0920918
Organization Overview
Watershed is located in Cedar Hill, TX. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watershed 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 generated $157.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $225.2k during the year ending 12/2023. While expenses have increased by 10.4% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garold Andersen President | 40 | $27,540 | |
Lori Andersen Vice Pres/secretary | 40 | $6,560 | |
Carol Tullar Treasurer | 3 | $2,592 | |
Chris Adkins Board Member | 0.1 | $0 | |
David Miller Board Member | 0.1 | $0 | |
Steven Shaw Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $157,719 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $157,719 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,601 |
| Professional fees and other payments to independent contractors | $2,592 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $398 |
| Other expenses | $187,602 |
| Total expenses | $225,193 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $187,319 |
| Other assets | $0 |
| Total assets | $187,319 |
| Total liabilities | $126 |
| Net assets or fund balances | $187,193 |