The Watershed Project Company
The Watershed Project Company is a private foundation, based in Lakewood, NJ. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.6M in total assets. In 2025, it awarded 1 grant totaling $577K. Net investment income was $194K.
The Watershed Project Company at a glance
In short: The Watershed Project Company gave $577K across 1 grant in 2025 (avg $577K), mostly in New Jersey. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $577,000
- +21.1% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $577,000
- +142.3% vs 2024
- Median grant
- $577,000
- Total assets
- $3,629,757
- -10.4% vs 2024
- Primary geography
- New Jersey (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Watershed Project Company funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Donors Fund Inc EIN 47-4844275 ($577K).
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 31 grants of 38 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Watershed Project Company gives
- Giving grew 83% from 2022 to 2025. Method
- In 2025 it paid out 268% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $316K (2022) to $577K (2025). In 2025 it made 1 grant totaling $577K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Donors Fund Inc EIN 47-4844275 Lakewood, NJ | To Further the Exempt Purpose of the Organization | $577,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,629,757 | $199,167 | $618,766 | $577,000 | 1 | $577,000 | $193,916 | $215,363 |
| 2024 | $4,049,356 | $1,124,516 | $525,486 | $476,348 | 2 | $476,348 | $717,313 | $172,669 |
| 2023 | $3,450,326 | $186,572 | $492,020 | $475,204 | 4 | $475,204 | $184,651 | $162,706 |
| 2022 | $3,742,550 | $198,228 | $337,681 | $316,000 | 4 | $316,000 | $104,056 | $175,848 |
| 2021 | $3,882,003 | $3,304,896 | $422,893 | $417,310 | 27 | $417,310 | $537,676 | — |
| 2020 | $1,000,000 | $1,000,000 | — | — | — | — | — | $2,969 |
Under IRS private-foundation payout rules, The Watershed Project Company reported a distributable amount of $215K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Watershed Project Company is led by Meshulem Gelman, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Meshulem Gelman
President
On filings since 2020
1 hr/week
No compensation reported
Rifky Gelman
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Watershed Project Company
How much does The Watershed Project Company give each year?
The Watershed Project Company gave $577K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $476K across 2 grants.
How large is The Watershed Project Company?
The Watershed Project Company reported $3.6M in total assets on its 2025 IRS Form 990-PF. It paid out $577K in qualifying distributions that year, against a required minimum of $215K (roughly 5% of its investment assets).
Where does The Watershed Project Company operate?
The Watershed Project Company has awarded grants in New Jersey, New York, Pennsylvania, Utah, Washington.
What is The Watershed Project Company's EIN?
The Watershed Project Company's EIN (Employer Identification Number) is 85-4240705. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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Browse active grant opportunities in The Watershed Project Company's focus areas in our free grants database
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