The Watershed Project Company is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEWOOD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 2 grants totaling $476K. Net investment income was $717K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.0M
+17.4% YoY
Annual Giving
$476K
+0.2% YoY
Grant Count
2
-50.0% YoY
Avg Grant Size
$238K
+100.5% YoY
Under IRS private-foundation payout rules, The Watershed Project Company reported a distributable amount of $173K for 2024 — the minimum it must pay out in qualifying distributions.
About The Watershed Project Company
Based on IRS filings
The Watershed Project Company is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEWOOD, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.0M in total assets. In 2024, it awarded 2 grants totaling $476K. Net investment income was $717K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,049,356 | $3,450,326 | $3,742,550 |
| Revenue | $1,124,516 | $186,572 | $198,228 |
| Expenses | $525,486 | $492,020 | $337,681 |
| Qualifying Distributions | $476,348 | $475,204 | $316,000 |
| Net Investment Income | $717,313 | $184,651 | $104,056 |
| Distributable Amount | $172,669 | $162,706 | $175,848 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Donors Fund Inc Ein 47-4844275 ($475,048), Contributions Under 5000 ($1,300).
| Recipient | Purpose | Amount |
|---|---|---|
| CONTRIBUTIONS UNDER 5000 LAKEWOOD, NJ | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $1,300 |
| DONORS FUND INC EIN 47-4844275 LAKEWOOD, NJ | TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION | $475,048 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MESHULEM GELMAN | PRESIDENT | 1 | — |
| RIFKY GELMAN | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Watershed Project Company?
The Watershed Project Company is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LAKEWOOD, NJ. It holds $4.0M in total assets as of 2024.
How large is The Watershed Project Company?
As of 2024, The Watershed Project Company holds $4.0M in total assets with $1.1M in annual revenue. It awarded 2 grants totaling $476K in 2024.
Where does The Watershed Project Company operate?
The Watershed Project Company has awarded grants in New Jersey, New York, Pennsylvania, Utah, Washington.
What size grants does The Watershed Project Company award?
In 2024, The Watershed Project Company awarded 2 grants totaling $476K — an average of about $238K per grant, based on its IRS Form 990 filings.
How much is The Watershed Project Company required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Watershed Project Company reported a distributable amount of $173K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Watershed Project Company's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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