The Watershed Center Inc
- Assets
- $596.7k
- Revenue
- $724.2k
- Investments
- $0.0
- Employees
- 10
- Location
- Millerton, NY
- Founding
- 07/2008
- Data as of
- 12/2021
- 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 12/2021, Watershed Center Inc employed 10 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 12/2021, Watershed Center Inc generated $724.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $620.0k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 7 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
2021
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 |
|---|---|---|---|
Gregg Osofsky Director | OfficerTrustee | 40 | $10,760 |
Alan Goodman Treasurer | OfficerTrustee | 1 | $0 |
Carinne Luck President | OfficerTrustee | 3 | $0 |
Leslie Booker Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,616 |
| Noncash contributions included in lines 1a–1f | $24,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $293,129 |
| Total Program Service Revenue | $428,198 |
| Investment income | $2,890 |
| 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 | $724,217 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $21,520 |
| Compensation of current officers, directors, key employees. | $10,760 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,518 |
| Payroll taxes | $14,248 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,125 |
| 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 | $29,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,238 |
| 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 | $17,818 |
| Insurance | $16,281 |
| All other expenses | $3,399 |
| Total functional expenses | $619,976 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,730 |
| 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 | $153,516 |
| Investments—publicly traded securities | $21,965 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $596,652 |
| Accounts payable and accrued expenses | $40,094 |
| 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 | $141,698 |
| Total liabilities | $181,792 |
| Net assets without donor restrictions | $383,677 |
| 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 | $596,652 |
Grants Awarded
Over the last fiscal year, The Watershed Center Inc has awarded $217,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Oakland, CA PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $117,000 |
New York, NY PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $60,000 |
Oakland, CA PURPOSE: GENERAL OPERATING COSTS OF THE ORGANIZATION, NO RESTRICTIONS BEYOND THOSE WERE OUTLINED IN THE GRANT AGREEMENT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that The Watershed Center Inc has recieved totaling $707,505.
| Awarding Organization | Amount |
|---|---|
Novo Foundation Kingston, NY PURPOSE: GENERAL SUPPORT | $100,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT DISSENTERS, A PROJECT OF THE GRANTEE, IN THEIR WORK TO ORGANIZE COLLEGE STUDENTS ON CAMPUSES AND DEEPEN THEIR UNDERSTANDING OF US FOREIGN POLICY AND NATIONAL SECURITY ISSUES | $80,000 |
Ford Foundation New York, NY PURPOSE: FOR CORE SUPPORT FOR THE PROJECT ON TRUTH AND RECONCILIATION TO LEARN FROM GLOBAL SOCIAL MOVEMENTS, ENGAGE AMERICANS AROUND THE ROOTS OF INEQUALITIES, AND BUILD WILL FOR GOVERNMENT ACTION ON RECONCILIATION, REPARATIONS AND RECONSTRUCTION | $75,000 |
Greater Houston Community Foundation Houston, TX PURPOSE: PUBLIC BENEFIT | $53,750 |
Novo Foundation Kingston, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Proteus Fund Inc Amherst, MA PURPOSE: RIGHTS & JUSTICE | $47,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quadrivium New York, NY | $52,883,139 | $7,776,109 |
Alliance For Downtown New York Inc New York, NY | $19,570,349 | $22,494,008 |
Cities For Financial Empowerment Fund Inc New York, NY | $14,654,854 | $7,980,604 |
Bottom Line Inc Boston, MA | $17,407,844 | $19,309,420 |
Cidny-Independent Living Services Inc Brooklyn, NY | $9,867,599 | $12,474,702 |
Neighborhood Stabilization Corporation Boston, MA | $29,880,510 | $6,854,139 |
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
The Fund For Parks And Recreation In Boston Boston, MA | $15,922,090 | $6,711,889 |
128 West Transportation Council Inc Waltham, MA | $2,138,696 | $3,791,714 |
Mass Mentoring Partnership Inc Boston, MA | $3,908,855 | $3,737,455 |