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Nonprofit · EIN 01-0427824

WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED

Tax-exempt · EDGECOMB, ME 04556

Financials

$1.4M$889K2023$1.1M$1M2024
Revenue Expenses · by fiscal year end
Financials of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,106,625$1,046,797$59,828$8,513,222$225,085$8,288,137
December 31, 2023990$1,396,825$888,598$508,227$8,921,743$677,550$8,244,193
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$753,972
of which government grants
$35,000
Program service revenue
$226,409
Investment income
$90,765
Net gain from sales of assets
$19,009
Net income from fundraising events
$19,366
Net income from sales of inventory
$14,964
Other revenue
$35,479

Expenses

Grants and similar amounts paid
$12,108
Compensation of officers, directors and key employees
$97,831
Other salaries and wages
$285,678
Salaries, compensation and benefits (total)
$445,061
Professional fundraising fees
$0
Legal fees
$1,694
Accounting fees
$13,867
Occupancy
$54,854
Travel
$14,227
Depreciation
$197,252
Program services (functional)
$702,109
Management and general (functional)
$217,638
Fundraising (functional)
$127,050

Balance sheet and other

Total assets, start of year
$8,921,743
Total assets, end of year
$8,513,222
Total liabilities, end of year
$225,085
Net assets, end of year
$8,288,137
Land, buildings and equipment
$7,649,966
Publicly traded securities
$360,529
Net assets without donor restrictions
$7,714,315
Net assets with donor restrictions
$573,822
Gross receipts
$1,628,254
Employees
16
Volunteers
50
Year formed
1986
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID S EASTEXECUTIVE DI
Officer
40$54,712
SADIE BLISSINTERIM EXEC
Officer
24$43,119
PATRICK COUGHLINTRUSTEE
Trustee or director
1$0
LAUREN DOMBROWIAKTRUSTEE
Trustee or director
1$0
PAUL DONNELLYSECRETARY
Trustee or director, Officer
2$0
LENNY DOWHIETRUSTEE
Trustee or director
1$0
JEANNE BAKER DRISCOLLTREASURER
Trustee or director, Officer
2$0
LYNN DURYEACO-FOUNDER
Trustee or director
1$0
CHRIS GUSTINCO-FOUNDER
Trustee or director
1$0
SIN-YING HOTRUSTEE
Trustee or director
1$0
SARAH YARDLY JENKINSTRUSTEE
Trustee or director
1$0
JANNA LONGACRETRUSTEE
Trustee or director
1$0
GEORGE MASONCO-FOUNDER
Trustee or director
1$0
JOHN MULLANEYTRUSTEE
Trustee or director
1$0
JYOTI PURITRUSTEE
Trustee or director
1$0
6 more people on this return
NameTitleHours / weekCompensation
DON RIDLEYVICE-PRESIDE
Trustee or director, Officer
2$0
STEPHANIE ROZENETRUSTEE
Trustee or director
1$0
NANCY SELVINTRUSTEE
Trustee or director
1$0
MALCOLM MOBUTU SMITHTRUSTEE
Trustee or director
1$0
BERNIE TOALEPRESIDENT
Trustee or director, Officer
2$0
GREG TRIGGSTRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2023: 24 people
NameTitleHours / weekCompensationOther / benefits
LIZ SEATONOUTGOING EXE
Officer
40$49,579$944
SADIE BLISSINTERIM EXEC
Officer
24$5,000$0
PATRICK COUGHLINTRUSTEE
Trustee or director
1$0$0
LAUREN DOMBROWIAKTRUSTEE
Trustee or director
1$0$0
PAUL DONNELLYSECRETARY
Trustee or director, Officer
2$0$0
LENNY DOWHIETRUSTEE
Trustee or director
1$0$0
JEANNE BAKER DRISCOLLTREASURER
Trustee or director, Officer
2$0$0
LYNN DURYEATRUSTEE
Trustee or director
1$0$0
BETH ANN GERSTEINVICE PRESIDE
Trustee or director, Officer
2$0$0
CHRIS GUSTINCO-FOUNDER
Trustee or director
1$0$0
SIN-YING HOTRUSTEE
Trustee or director
1$0$0
SARAH YARDLY JENKINSTRUSTEE
Trustee or director
1$0$0
LINDA LOPEZTRUSTEE
Trustee or director
1$0$0
GEORGE MASONCO-FOUNDER
Trustee or director
1$0$0
JYOTI PURITRUSTEE
Trustee or director
1$0$0
DON RIDLEYVICE-PRESIDE
Trustee or director, Officer
2$0$0
STEPHANIE ROZENETRUSTEE
Trustee or director
1$0$0
AMY SANTOFERRAROTRUSTEE
Trustee or director
1$0$0
NANCY SELVINTRUSTEE
Trustee or director
1$0$0
JOHN SMITHTRUSTEE
Trustee or director
1$0$0
MALCOLM MOBUTU SMITHTRUSTEE
Trustee or director
1$0$0
BERNIE TOALEPRESIDENT
Trustee or director, Officer
2$0$0
SHARON TOWNSHENDPAST PRESIDE
Trustee or director, Officer
2$0$0
GREG TRIGGSTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
103 COCHRAN RD, EDGECOMB, ME 04556-3024
Principal officer (990 for 2024)
DAVID S EAST
Signed the 990
DAVID S EAST, EXECUTIVE DIRECTOR
Phone
(207) 882-6075
Return prepared by
ONE RIVER CPAS

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.

990 for the year ended December 31, 2024

Program accomplishments

  • SUMMER RESIDENCY: WATERSHED HOSTS THEMED SESSIONS FOR COHORTS OF ~ 18 ARTISTS-IN-RESIDENCE FOR BETWEEN 2 - 3 WEEKS AND PROVIDES TIME, SPACE, CHEF-PREPARED MEALS, AND STUDIO SUPPORT WHILE THEY EXPLORE IDEAS IN THEIR CREATIVE PRACTICE AND CREATE CONNECTION AND COMMUNITY WITH OTHER ARTISTS.
    Expenses $454,938 · revenue $190,587
  • WORKSHOPS/FIRINGS: WATERSHED PROVIDES WORKSHOPS TAUGHT BY NATIONALLY RENOWNED AND LOCAL TEACHING ARTISTS IN VARIOUS CERAMICS TECHNIQUES AND METHODS TO ARTISTS LOOKING TO DEEPEN THEIR ARTISTIC PRACTICE. ADDITIONALLY, WATERSHED IS HOME TO SEVERAL DIFFERENT TYPES OF KILNS (WOOD, GAS, RAKU), WHICH ARE RENTED OUT TO LOCAL CERAMIC ARTISTS, MANY OF WHOM WOULD NOT HAVE ACCESS TO ATMOSPHERIC FIRINGS OTHERWISE.
    Expenses $99,895 · revenue $31,622
  • FALL RESIDENCY: WATERSHED COLLABORATED WITH THE COLOR NETWORK AGAIN IN 2024 TO HOST AN ARTIST RESIDENCY, PARTIALLY FUNDED WITH A GRANT FROM THE NEA, FOCUSED ON MENTORSHIP FOR 12 CERAMIC ARTISTS OF COLOR FOR ~ 3 WEEKS. WE PROVIDE TIME, SPACE, CHEF-PREPARED MEALS, AND STUDIO SUPPORT WHILE THEY EXPLORE IDEAS IN THEIR CREATIVE PRACTICE AND CREATE CONNECTION AND COMMUNITY WITH OTHER ARTISTS.
    Expenses $105,545 · grants $12,108
  • EDUCATION: WATERSHED PROVIDES PROFESSIONAL DEVELOPMENT WORKSHOPS TO MAINE K-12 ART EDUCATORS, SO THAT THEY ARE ABLE TO DEEPEN THEIR SKILLSETS AND PASS ON NEW METHODS AND TECHNIQUES TO THEIR STUDENTS ACROSS THE STATE. THESE WORKSHOPS ARE MADE AFFORDABLE FOR TEACHERS THROUGH FUNDING FROM MULTIPLE FOUNDATIONS.
    Expenses $41,731 · revenue $4,200

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
01-0427824
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,513,222
Income (IRS master file)
$1,628,254

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,106,625$1,046,797$8,513,222XML
990December 2023$1,396,825$888,598$8,921,743XML
990December 2022$4,176,018$934,735$7,947,733IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0427824).

Questions about WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED

What is the EIN of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED?
The employer identification number (EIN) of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED is 01-0427824.
Is WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED?
The 990 for the year ended December 31, 2024 names DAVID S EAST.
Who are the officers and directors of WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED?
The 990 for the year ended December 31, 2024 lists 21 people; 2 received compensation from the organization, the highest $54,712 (DAVID S EAST, EXECUTIVE DI).
How much revenue does WATERSHED CENTER FOR THE CERAMIC ARTS INCORPORATED have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,106,625, expenses of $1,046,797 and total assets of $8,513,222 at year end.

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