WATERSHED CENTER FOR THE CERAMIC ARTS

EIN: 010427824 501(c)(3)

EDGECOMB, ME

Total Revenue
$1,106,625
Total Expenses
$1,046,797
Total Assets
$8,513,222
Net Assets
$8,288,137
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
ME
Principal Officer
DAVID S EAST
Phone
2078826075
Tax Period
2024-01-01 to 2024-12-31

WATERSHED CENTER FOR THE CERAMIC ARTS is a 501(c)(3) with EIN 010427824, based in EDGECOMB, ME. Founded in 1986, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $1,106,625 in total revenue and $1,046,797 in total expenses, with net assets of $8,288,137.

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.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $753,972
Program Service Revenue $226,409
Investment Income $90,765
Other Revenue $35,479
TOTAL REVENUE $1,106,625

Expense Breakdown

Grants Paid $12,108
Salaries & Benefits $445,061
Fundraising Expenses $127,050
Program Expenses $702,109
Other Expenses $589,628
TOTAL EXPENSES $1,046,797

Year-over-Year Comparison

2024 2023 Change
Revenue $1,106,625 $1,396,825 -0.2%
Expenses $1,046,797 $888,598 +0.2%
Net Income $59,828 $508,227 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
16
Volunteers
50

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$97,831
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID S EAST EXECUTIVE DI 40.00
Officer
$54,712 $0 $54,712
SADIE BLISS INTERIM EXEC 24.00
Officer
$43,119 $0 $43,119
PATRICK COUGHLIN TRUSTEE 1.00
Director
$0 $0 $0
LAUREN DOMBROWIAK TRUSTEE 1.00
Director
$0 $0 $0
PAUL DONNELLY SECRETARY 2.00
Officer Director
$0 $0 $0
LENNY DOWHIE TRUSTEE 1.00
Director
$0 $0 $0
JEANNE BAKER DRISCOLL TREASURER 2.00
Officer Director
$0 $0 $0
LYNN DURYEA CO-FOUNDER 1.00
Director
$0 $0 $0
CHRIS GUSTIN CO-FOUNDER 1.00
Director
$0 $0 $0
SIN-YING HO TRUSTEE 1.00
Director
$0 $0 $0
SARAH YARDLY JENKINS TRUSTEE 1.00
Director
$0 $0 $0
JANNA LONGACRE TRUSTEE 1.00
Director
$0 $0 $0
GEORGE MASON CO-FOUNDER 1.00
Director
$0 $0 $0
JOHN MULLANEY TRUSTEE 1.00
Director
$0 $0 $0
JYOTI PURI TRUSTEE 1.00
Director
$0 $0 $0
DON RIDLEY VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
STEPHANIE ROZENE TRUSTEE 1.00
Director
$0 $0 $0
NANCY SELVIN TRUSTEE 1.00
Director
$0 $0 $0
MALCOLM MOBUTU SMITH TRUSTEE 1.00
Director
$0 $0 $0
BERNIE TOALE PRESIDENT 2.00
Officer Director
$0 $0 $0
GREG TRIGGS TRUSTEE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,106,625 $1,046,797 $8,513,222 $59,828
2023 $1,396,825 $888,598 $8,921,743 $508,227
2022 $4,176,018 $934,735 $7,947,733 $3,241,283
2021 $984,684 $713,564 $5,082,206 $271,120
2021 $4,067,604 $713,564 $8,165,126 $3,354,040
2020 $2,031,049 $455,927 $4,763,116 $1,575,122
2019 $492,622 $544,155 $2,826,228 $-51,533
2018 $984,802 $523,081 $2,804,559 $461,721
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