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← WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED

Form 990 for tax year 2023

Filed by WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED.

Totals

Total revenue
$1,396,825
Total expenses
$888,598
Contributions and grants received
$1,093,552
Grants paid
$19,317
Program service revenue
$178,524
Investment income
$120,712
Other revenue
$4,037
Total assets, end of year
$8,921,743
Total liabilities, end of year
$677,550
Net assets or fund balances, end of year
$8,244,193
Program services expenses (Part IX)
$535,433
Management and general expenses
$221,827
Fundraising expenses
$131,338
Program service expenses (Part III)
$535,433

Program services were 60.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $6,623

  • 1e · Government grants (contributions)

    $7,500

  • 1f · All other contributions, gifts and grants

    $1,079,429

  • 1g · Noncash contributions included above

    $12,810

  • 2a · Program service revenue: REGISTRATION FEES

    total $178,524 · related or exempt $178,524

  • 3 · Investment income

    total $140,263 · excluded $140,263

  • 7a · Gross sales of assets other than inventory

    securities $552,050 · other assets $5,913

  • 7b · Less cost or other basis and sales expenses

    securities $542,992 · other assets $34,522

  • 7c · Gain or loss

    securities $9,058 · other assets -$28,609

  • 7d · Net gain or loss

    total -$19,551 · excluded -$19,551

  • 8a · Fundraising events: gross income

    $68,722

  • 8a · Fundraising events: contributions included on line 1c

    $6,623

  • 8b · Fundraising events: direct expenses

    $70,937

  • 8c · Net income from fundraising events

    total -$2,215

  • 10a · Gross sales of inventory

    $7,156

  • 10b · Cost of goods sold

    $1,142

  • 10c · Net income from sales of inventory

    total $6,014 · related or exempt $6,014

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $238 · excluded $238

  • 11e · Other revenue, total

    $238

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $19,317 · program services $19,317

  • 5 · Compensation of officers, directors and key employees

    total $54,579 · program services $23,954 · management and general $19,780 · fundraising $10,845

  • 7 · Other salaries and wages

    total $312,099 · program services $141,458 · management and general $96,308 · fundraising $74,333

  • 9 · Other employee benefits

    total $37,148 · program services $18,182 · management and general $10,735 · fundraising $8,231

  • 10 · Payroll taxes

    total $29,916 · program services $12,742 · management and general $10,114 · fundraising $7,060

  • 11b · Fees: legal

    total $10,647 · management and general $10,647

  • 11c · Fees: accounting

    total $11,120 · management and general $11,120

  • 11f · Fees: investment management

    total $2,755 · management and general $2,755

  • 11g · Fees: other

    total $58,627 · program services $47,377 · management and general $3,670 · fundraising $7,580

  • 12 · Advertising and promotion

    total $505 · program services $505

  • 13 · Office expenses

    total $8,161 · program services $951 · management and general $634 · fundraising $6,576

  • 16 · Occupancy

    total $49,797 · program services $38,167 · management and general $11,630

  • 17 · Travel

    total $6,872 · program services $6,168 · management and general $196 · fundraising $508

  • 20 · Interest

    total $4,709 · management and general $4,709

  • 22 · Depreciation, depletion and amortization

    total $125,050 · program services $110,044 · management and general $10,004 · fundraising $5,002

  • 23 · Insurance

    total $30,494 · program services $18,211 · management and general $12,283

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $35,356 · program services $35,155 · management and general $160 · fundraising $41

  • 24b · Other expenses: FOOD

    total $33,629 · program services $33,027 · management and general $513 · fundraising $89

  • 24c · Other expenses: SUPPLIES

    total $23,310 · program services $20,878 · management and general $1,040 · fundraising $1,392

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $16,396 · program services $4,982 · management and general $4,456 · fundraising $6,958

  • 24e · All other expenses

    total $18,111 · program services $4,315 · management and general $11,073 · fundraising $2,723

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21 · end of year $42,456

  • 2 · Savings and temporary cash investments

    beginning of year $2,637,266 · end of year $1,573,710

  • 3 · Pledges and grants receivable

    beginning of year $102,426 · end of year $95,639

  • 8 · Inventories for sale or use

    beginning of year $2,153 · end of year $1,866

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,529 · end of year $288

  • 10a · Land, buildings and equipment: cost or other basis

    $6,301,469

  • 10b · Land, buildings and equipment: accumulated depreciation

    $863,523

  • 10c · Land, buildings and equipment, net

    beginning of year $4,125,179 · end of year $5,437,946

  • 11 · Investments: publicly traded securities

    beginning of year $1,078,159 · end of year $1,769,838

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,109 · end of year $443,026

  • 19 · Deferred revenue

    beginning of year $8,690 · end of year $3,635

  • 24 · Unsecured notes and loans payable

    beginning of year $159,547 · end of year $230,889

  • 25 · Other liabilities

    beginning of year $60,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,123,514 · end of year $5,465,271

  • 28 · Net assets with donor restrictions

    beginning of year $3,577,873 · end of year $2,778,922

Mission and programs · 2023

Mission

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.

  • 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.

    Expenses $389,279 · Grants $19,317 · Revenue $120,575

  • 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.

    Expenses $117,215 · Revenue $54,404

  • 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

    Expenses $28,939 · Revenue $3,545

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LIZ SEATON

    OUTGOING EXE

    Total calculated
    $50,523
    From this org
    $49,579
    From related orgs
    $0
    Other
    $944
    Hours/week
    40

  • SADIE BLISS

    INTERIM EXEC

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • PATRICK COUGHLIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LAUREN DOMBROWIAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAUL DONNELLY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • LENNY DOWHIE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEANNE BAKER DRISCOLL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • LYNN DURYEA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BETH ANN GERSTEIN

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • CHRIS GUSTIN

    CO-FOUNDER

    Total calculated
    $0
    Hours/week
    1

  • SIN-YING HO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SARAH YARDLY JENKINS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LINDA LOPEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE MASON

    CO-FOUNDER

    Total calculated
    $0
    Hours/week
    1

  • JYOTI PURI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DON RIDLEY

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE ROZENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AMY SANTOFERRARO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NANCY SELVIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MALCOLM MOBUTU SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BERNIE TOALE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SHARON TOWNSHEND

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • GREG TRIGGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
16 August 2024
IRS schema version
2023v5.0
Source object
202412559349301706

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