Watershed Center for the Ceramic Arts Incorporated

“A copy of the 990 was provided to the treasurer of the board for review prior to filing.”

“The organization's executive committee is responsible for consistently monitoring and enforcing compliance with their conflict of interest policy. All trustees are required to sign the conflict of interest policy annually.”

“The organization's executive committee is responsible for reviewing the executive director's salary annually based upon current economics, performance evaluations and comparatives from similar organizations, an appropriate compensation package is determined. No other officers of the organization are compensated nor are there any key employees.”

“The organization makes its governing documents and conflict of interest policy available to the public upon request. The organization is not required to prepare financial statements.”

“Funds given by the windgate foundation to the arkansas charitable foundation with variance power granted to the arkansas charitable foundation, to be designated for watershed center for the ceramic arts, were incorrectly included as assets and contributions revenues for the watershed center for the ceramic arts. Watershed has no control over these assets and the arkansas charitable foundation has the authority to designate these funds to other charitable organizations if they choose. No distributions from these funds have occurred through 12/31/2021. These funds should be accounted for as revenues upon the arkansas charitable foundation approving a distribution to be made to the watershed center for the ceramic arts. These funds were also included on schedule d for endowment funds, but now have been removed since they are not watershed's funds.”

“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.”