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Watershed Project Company is a private corporation based in LAKEWOOD, NJ. The foundation received its IRS ruling in 2021. The principal officer is Withers Bergman Llp. It holds total assets of $3.6M. Annual income is reported at $524K. Total assets have grown from $1M in 2020 to $3.5M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Watershed Project Company has made 12 grants totaling $1.1M, with a median grant of $36K. Annual giving has decreased from $632K in 2022 to $475K in 2023. Individual grants have ranged from $1K to $436K, with an average award of $92K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in New Jersey and Pennsylvania and Washington. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Watershed Project Company primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 12 grants. Its grantmaking reaches organizations primarily in NJ, PA, WA.
Watershed Project Company has distributed a total of $1.1M across 12 grants. The median grant size is $36K, with an average of $92K. Individual grants have ranged from $1K to $436K.
Watershed Project Company typically selects its grantees rather than accepting unsolicited proposals.
Watershed Project Company is headquartered in LAKEWOOD, NJ. While based in NJ, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Rifky Gelman | DIRECTOR | $0 | $0 | N/A |
| Meshulem Gelman | PRESIDENT | $0 | $0 | N/A |
Total Giving
$492K
Total Assets
$3.5M
Fair Market Value
$3.4M
Net Worth
$3.5M
Grants Paid
$475K
Contributions
$200K
Net Investment Income
$185K
Distribution Amount
$163K
Total: $3M
Total Grants
12
Total Giving
$1.1M
Average Grant
$92K
Median Grant
$36K
Unique Recipients
6
Most Common Grant
$36K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Donors Fund Inc Ein 47-4844275TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Lakewood, NJ | $436K | 2023 |
| Congregation Gates Of Mercy Ein 82-2547277TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Lakewood, NJ | $20K | 2023 |
| Brothers For Life Hope For Heroism Ein 91-2105756TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Seattle, WA | $18K | 2023 |
| Contributions Under 5000TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Lakewood, NJ | $1K | 2023 |
| Talmudical Yeshiva Of Philadelphia Ein 23-1476335TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Pennsylvania, PA | $36K | 2022 |
| Yeshivas Emek Hatorah Inc Ein 90-0356687TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | Howell Township, NJ | $10K | 2022 |