Watertown Local Development
THE ORGANIZATION'S MISSION IS TO FOSTER AN ENVIRONMENT OF COOPERATION BETWEEN THE CITY GOVERNMENT, ECONOMIC DEVELOPMENT AGENCIES AND THE PRIVATE SECTOR WITH THE GOAL OF PROMOTING ECONOMIC EXPANSION AND PROSPERITY IN THE CITY OF WATERTOWN. MOREOVER, THE ORGANIZATION USES FINANCIAL RESOURCES TO LEVERAGE OTHER INVESTMENTS, WITH THE GOAL OF JOB CREATION, RETENTION AND ELIMINATION OF BLIGHT.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$10.2M
+5.5% YoY
Annual Giving
—
-100.0% YoY
Grant Count
0
-100.0% YoY
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,247,172 | $9,714,987 | $9,579,121 |
| Revenue | $747,698 | $759,545 | $388,647 |
| Expenses | $347,124 | $1,060,489 | $544,652 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $171,345 | $111,499 | $85,489 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Watertown Local Development fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH COMPO PIERCE | PRESIDENT | 1 | — |
| MICHAEL PIERCE | TREASURER/SECRETARY | 1 | — |
| MARSHALL WEIR | VICE PRESIDENT | 1 | — |
| CHRISTINA GRIMSHAW | DIRECTOR | 1 | — |
| DAWN COLE | DIRECTOR | 1 | — |
| STEPHEN HUNT | DIRECTOR | 1 | — |
| MICHAEL LUMBIS | DIRECTOR | 1 | — |
| KYLEE MCGRATH | CEO | 40 | $71,907 |
| JOY NUFFER | CFO | 40 | $36,123 |
| DON RUTHERFORD | CEO (FORMER) | 40 | $62,273 |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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