Civic Intelligence

Watershed Public Charter School Inc

EIN 82-3340197 • 501(c)3 • Windsor Mill, MD

Profile

Watershed public charter school provides an interconnected learning environment, where hands-on exploration and creative expression foster the learning process. Our community promotes rigorous academic achievement, meaningful outdoor experiences and continuous growth for all students.

6946 Dogwood RdWindsor Mill, MD 21244

info.watershedpcs.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

41st percentile

0.04x

Higher debt load relative to revenue than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

41st percentile

0.7%

Higher net margin than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-4.2%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

51st percentile

7.9%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,664,091

Up $3,369,975 (+260%) from 2023

Liabilities

Up

$3,844,655

Up $3,154,427 (+457%) from 2023

Net Assets

Up

$819,436

Up $215,548 (+36%) from 2023

Revenue

Up

$3,929,285

Up $594,966 (+18%) from 2023

Expenses

Up

$3,713,737

Up $370,659 (+11%) from 2023

Net Income

Up

$215,548

Up $224,307 (+2561%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2019: $97,424Liabilities 2019: $0Net Assets 2019: $97,4242019Assets 2020: $525,591Liabilities 2020: $130,686Net Assets 2020: $394,9052020Assets 2021: $759,525Liabilities 2021: $167,212Net Assets 2021: $592,3132021Assets 2022: $727,553Liabilities 2022: $114,906Net Assets 2022: $612,6472022Assets 2023: $1,294,116Liabilities 2023: $690,228Net Assets 2023: $603,8882023Assets 2024: $4,664,091Liabilities 2024: $3,844,655Net Assets 2024: $819,4362024

Highlighted filing

2024

Assets$4,664,091
Liabilities$3,844,655
Net Assets$819,436

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $212,048Expenses 2019: $114,624Net Income 2019: $97,4242019Revenue 2020: $2,066,696Expenses 2020: $1,934,549Net Income 2020: $132,1472020Revenue 2021: $2,625,588Expenses 2021: $2,428,180Net Income 2021: $197,4082021Revenue 2022: $2,832,326Expenses 2022: $2,811,992Net Income 2022: $20,3342022Revenue 2023: $3,334,319Expenses 2023: $3,343,078Net Income 2023: -$8,7592023Revenue 2024: $3,929,285Expenses 2024: $3,713,737Net Income 2024: $215,5482024

Highlighted filing

2024

Revenue$3,929,285
Expenses$3,713,737
Net Income$215,548

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$3,929,285
Mission and Program Overview

Mission

Watershed public charter school provides an interconnected learning environment, where hands-on exploration and creative expression foster the learning process. Our community promotes rigorous academic achievement, meaningful outdoor experiences and continuous growth for all students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$648,661$879,410▲ $230,749
Land, Buildings, and Equipment, Net$22,875$136,391▲ $113,516
Prepaid Expenses and Deferred Charges$18,006$10,851▼ $7,155
Total Assets$1,294,116$4,664,091▲ $3,369,975
Other Assets Total$604,574$3,637,439▲ $3,032,865
Liabilities
Other Liabilities$575,159$3,646,032▲ $3,070,873
Accounts Payable and Accrued Expenses$115,069$198,623▲ $83,554
Total Liabilities$690,228$3,844,655▲ $3,154,427
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$602,566$746,851▲ $144,285
Net Assets With Donor Restrictions$1,322$72,585▲ $71,263
Total Net Assets Fund Balance$603,888$819,436▲ $215,548
Total Liabilities and Net Assets / Fund Balance$1,294,116$4,664,091▲ $3,369,975

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$387,447$387,447
Equipment-$112,268$112,268
Other Land Buildings$3,740$5,380$9,120
Other Assets Org$18,011--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Jessica LehsonFormer Ed$76,923$76,923

Board Members and Trustees

NameTitle
Sage MagnessPresident
Eric FordDirector
Kelley R Pettiford-kellyDirector
Laurel FreedmanDirector
Leah WenckDirector
Lori WidneyDirector
Raven ThompsonDirector
Sarah ChapmanDirector
Stephanie ViceDirector
Angela DonnSecretary
Lindita DietzenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$74,040
Program Service Revenue
$3,855,245
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,455
Change in Net Assets
$215,548

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,929,285
Total Revenue per Audited Statements
$3,929,285
Total Revenue per Form 990
$3,929,285
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,941,517
Other Expenses$772,220
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,120,412$127,364-$2,247,776
Other Employee Benefits$454,322$1,806-$456,128
Occupancy$281,813$17,989-$299,802
Payroll Taxes$151,576$9,114-$160,690
Depreciation Depletion$76,540$4,886-$81,426
Comp Disqual Persons$72,564$4,359-$76,923
Interest$62,939$4,016-$66,955
Office Expenses$22,326$5,990-$28,316
Insurance$24,354$1,555-$25,909
Fees for Services Accounting-$17,600-$17,600
Fees for Services Legal-$17,573-$17,573
Information Technology$4,834--$4,834
Other Expenses$4,612$6,402-$4,612
Total Functional Expenses$3,484,549$229,188$0$3,713,737

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,713,737
Total Expenses per Audited Statements$3,713,737
Total Expenses per Form 990$3,713,737
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$3,114,654
Lease Liability$531,378
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax return is reviewed by the executive director and treasurer prior to filing.

Form 990, Page 6, Part VI, Line 12C

The board of directors is requested annually to disclose any conflicts of interest to the board.

Form 990, Page 6, Part VI, Line 15A

The executive director compensation is reviewed annually and approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available to the public by request.

Filing and Contact Details

Filer

Filer Name
Watershed Public Charter School Inc
EIN
82-3340197
Phone
4438092100
Address
6946 DOGWOOD RD, WINDSOR MILL, MD 21244

Signing Officer

Name
David Miller
Title
Executive Director
Phone
4438092100
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Miller
Formed
2018
Legal Domicile
Md
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
L&h Business Consulting
Address
1212 YORK RD STE C300, LUTHERVILLE, MD 21093-6274
Preparer
Dominic Levis Ea 93839
Phone
4108284177
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Watershed public charter school provides an interconnected learning environment, where hands-on exploration and creative expression foster the learning process. Our community promotes rigorous academic achievement, meaningful outdoor experiences and continuous growth for all students.

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IRS990/ProgramServiceRevenueGrp/Desc0BALTIMORE COUNTY PER PUPIL
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0112268
IRS990ScheduleD/ExpensesSubtotalAmt03713737
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0387447
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0387447
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03095155
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1524273
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt218011
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RIGHT OF USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03740
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05380
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09120
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03114654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1531378
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RIGHT OF USE LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt03929285
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03740
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03637439
IRS990ScheduleD/TotalExpensesPerForm990Amt03713737
IRS990ScheduleD/TotalLiabilityAmt03646032
IRS990ScheduleD/TotalRevenuePerForm990Amt03929285
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03713737
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IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NON-DISCRIMINATION DISCLOSURE IS INCLUDED ON ALL JOB POSTINGS, WEBSITE AND SECTION 3 OF THE ADMISSION LOTTERY FORM.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
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IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JESSICA LEHSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0FORMER ED
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt076923
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WATERSHED PUBLIC CHARTER SCHOOL PROVIDES AN INTERCONNECTED LEARNING ENVIRONMENT, WHERE HANDS-ON EXPLORATION AND CREATIVE EXPRESSION FOSTER THE LEARNING PROCESS. OUR COMMUNITY PROMOTES RIGOROUS ACADEMIC ACHIEVEMENT, MEANINGFUL OUTDOOR EXPERIENCES AND CONTINUOUS GROWTH FOR ALL STUDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS REQUESTED ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE DIRECTOR COMPENSATION IS REVIEWED ANNUALLY AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt03844655
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IRS990/TotalReportableCompFromOrgAmt076923
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04664091
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0INFO.WATERSHEDPCS.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID MILLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04438092100
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WATERSHED PUBLIC CHARTER SCHOOL INC
ReturnHeader/Filer/BusinessNameControlTxt0WATE

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