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Nonprofiteer
← THE WATERSHED CENTER INC

Form 990 for tax year 2023

Filed by THE WATERSHED CENTER INC.

Totals

Total revenue
$563,834
Total expenses
$628,517
Contributions and grants received
$246,795
Grants paid
$470
Program service revenue
$307,340
Investment income
$9,699
Other revenue
$0
Total assets, end of year
$1,209,558
Total liabilities, end of year
$951,778
Net assets or fund balances, end of year
$257,780
Program services expenses (Part IX)
$535,592
Management and general expenses
$88,121
Fundraising expenses
$4,804
Program service expenses (Part III)
$535,592

Program services were 85.2% 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.

  • 1e · Government grants (contributions)

    $61,655

  • 1f · All other contributions, gifts and grants

    $185,140

  • 2a · Program service revenue: PROG SERV REVENUE-RELA

    total $307,340 · related or exempt $307,340

  • 3 · Investment income

    total $9,699 · excluded $9,699

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $470 · program services $470

  • 7 · Other salaries and wages

    total $214,979 · program services $161,234 · management and general $49,445 · fundraising $4,300

  • 9 · Other employee benefits

    total $5,787 · program services $4,340 · management and general $1,331 · fundraising $116

  • 10 · Payroll taxes

    total $19,418 · program services $14,564 · management and general $4,466 · fundraising $388

  • 11c · Fees: accounting

    total $17,461 · management and general $17,461

  • 13 · Office expenses

    total $4,777 · management and general $4,777

  • 16 · Occupancy

    total $129,662 · program services $123,179 · management and general $6,483

  • 22 · Depreciation, depletion and amortization

    total $15,949 · program services $15,152 · management and general $797

  • 23 · Insurance

    total $14,001 · program services $13,301 · management and general $700

  • 24a · Other expenses: DIRECT PROGRAM EXPENSES

    total $153,886 · program services $153,886

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $32,257 · program services $30,644 · management and general $1,613

  • 24c · Other expenses: SUPPLIES

    total $8,413 · program services $7,932 · management and general $481

  • 24d · Other expenses: TRAVEL AND MEETINGS

    total $7,426 · program services $7,426

  • 24e · All other expenses

    total $4,031 · program services $3,464 · management and general $567

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,865 · end of year $224,256

  • 4 · Accounts receivable

    beginning of year $27,090 · end of year $28,878

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

    $285,282

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

    $152,191

  • 10c · Land, buildings and equipment, net

    beginning of year $148,770 · end of year $133,091

  • 11 · Investments: publicly traded securities

    beginning of year $27,576 · end of year $33,764

  • 15 · Other assets

    beginning of year $853,699 · end of year $789,569

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,330 · end of year $60,579

  • 25 · Other liabilities

    beginning of year $929,205 · end of year $891,199

  • 27 · Net assets without donor restrictions

    beginning of year $291,282 · end of year $214,597

  • 28 · Net assets with donor restrictions

    beginning of year $31,183 · end of year $43,183

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO WORK WITH LOW-INCOME, UNDER-SERVED AND VULNERABLE COMMUNITIES, AS WELL AS OTHER NON-PROFIT CHARITABLE ORGANIZATIONS, SOCIAL JUSTICE GRASSROOTS GROUPS; AND SERVICE PROVIDES OF THESE COMMUNITIES BY PROVIDING, FACILITATING, AND MANAGING WORKSHOPS, EVENTS, CONFERENCES, TRAININGS AND RETREATS IN AREAS SUCH AS ADVOCACY SKILLS, LEADERSHIP DEVELOPMENT, JOB TRAINING, CAREER DEVELOPMENT, ARTS AND CULTURE, PERSONAL AND ECOLOGICAL HEALTH AND LIFE SKILLS. THE ORGANIZATION SEEKS TO PROVIDE ASSISTANCE NOT ONLY TO INDIVIDUALS BUT TO ORGANIZATIONS THAT HAVE BEEN ESTABLISHED TO REPRESENT AND HELP THE ABOVE DESCRIBED COMMUNITIES AND GROUPS AS WELL.

Activities or mission (Part I)

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

  • 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.

    Expenses $76,887 · Revenue $53,500

  • 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.

    Expenses $458,705 · Grants $470 · Revenue $253,840

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

Listed in Part VII

  • Celia Kutz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sonya Shah

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Kruise

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alonda Powell-Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregg Osofsky

    OFFICER

    Total calculated
    $31,400
    From this org
    $31,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413209349307196

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