Watershed Fund
90 Sargent Dr
New Haven CT 06511-5966
Contact Information
Address 90 Sargent Dr
New Haven, CT 06511-5966
Telephone (203) 401-2515 x
Fax 203-562-0808
E-mail info@thewatershedfund.org
Web and Social Media
Mission
To protect water quality throughout the region by acquiring ecologically significant watershed land and by educating citizens as to how they can help preserve the environment and open space on watershed land.
At A Glance
Year of Incorporation 1999
Organization's type of tax exempt status Public Supported Charity
Organization received a competitive grant from the community foundation in the past five years No
Leadership
CEO/Executive Director Richard G. Bell
Board Chair Richard G. Bell
Board Chair Company Affiliation South Central Connecticut Regional Water Authority
Financial Summary
 
Projected Revenue $174,100.00
Projected Expenses $136,140.00
Statements
Mission
To protect water quality throughout the region by acquiring ecologically significant watershed land and by educating citizens as to how they can help preserve the environment and open space on watershed land.
Background
The South Central Connecticut Regional Water Authority established The Watershed Fund in 1998 as a separate legal entity specifically for the purpose of protecting watershed land that has distinctive ecological significance through open space acquisition and environmental education.  The Watershed Fund fulfills its mission by making grants to protect threatened watershed land; supporting organizations committed to environmental education; and awarding scholarships to young people to study environmental science at the college level.
 
Since 1998, The Watershed Fund has made grants for land protection totaling more than $615,000, environmental education grants totaling nearly $719,000, and awarded scholarships totaling more than $337,000.
 
The Watershed Fund is the recipient of the proceeds of a golf tournament that employees of the Regional Water Authority sponsor annually.  The funds are used for the scholarship program.
Impact
One of the greatest legacies we can leave for future generations is clean, safe drinking water.  Working in partnership with other entities, The Watershed Fund strives to enhance our environment and improve our quality of life by protecting drinking water supplies and threatened watershed lands.  The education programs and scholarships supported by The Watershed Fund provide future decision makers with the tools to preserve and protect open space and drinking water supply resources.
 
In fiscal year 2013 The Watershed Fund:
  • Awarded scholarships totaling $40,700 to 18 individuals studying environmental science at 11 colleges and universities.  Their programs of study include marine biology, environmental science, environmental management, environmental earth science with a concentration in sustainable energy and environmental engineering.
  • Awarded grants to support environmental education programs to 9 non-profits totaling more than $78,000.  Organizations supported include Common Ground - New Haven Ecology Project, Friends of Hammonassett, Inc, New Haven Science Fair Program, Peabody Museum of Natural History, Schooner, Inc., Solar Youth, Inc. and West Haven high School.  Since the Fund's inception, it has helped preserve lands in Hamden, Branford, North Branford, Madison and Killingworth.
Needs
The Watershed Fund seeks donations to support its programs to (1) provide scholarships to individuals attending college to study environmental science, (2) make grants to organizations that help people learn to protect and safeguard the environment, and (3) collaborate to help protect watershed lands.
CEO Statement
The Watershed Fund is a unique charitable foundation.  It is the affiliate of the South Central Connecticut Regional Water Authority ("RWA"), itself a specially chartered non-profit entity charged with supplying safe drinking water to greater New Haven and the lower Naugautuck Valley.  The Fund was originally capitalized by the RWA and is supported by private gifts and the generosity of RWA employees through a very successful annual golf tournament.  The Fund makes grants to qualified applicants in the area of environmental education purposes generally and watershed protection in particular.  In addition, it offers scholarship assistance to qualified students from the area who are committed to environmental and conservation careers.
Service Categories
Primary Organization Category Environment / Natural Resources Conservation & Protection
Secondary Organization Category Environment / Environmental Education
Areas Served
Ansonia
Bethany
Branford
Cheshire
Derby
East Haven
Guilford
Hamden
Madison
Milford
New Haven
North Branford
North Haven
Orange
Seymour
West Haven
Woodbridge
Other
The Watershed Fund serves the 20 communities that comprise the South Central Connecticut Regional Water District:  In addition to the communities listed above, the District includes Beacon Falls, Killingworth and Prospect.
Programs
Description
The Watershed Fund recognizes that young people will need the tools to protect our environment in the future.  The Fund offers scholarships to residents of the district served by the South Central Connecticut Regional Water Authority who are studying environmental science at an accredited college or university at the undergraduate or graduate level.  The scholarships are available to those returning to school as well as to recent high school graduates.  Recipients may apply for renewal of the scholarship. Selection of recipients is based on factors including demonstrated academic ability, demonstrated concern for school and community, life experience, teacher/advisor recommendation, financial need, and intent to pursue a course of study that meets the mission of The Watershed Fund.  The application form and grantmaking guidelines are available on The Watershed Fund website, www.thewatershedfund.org.
Population Served Adolescents Only (13-19 years) / Adults /
Program is linked to organization’s mission and strategy Yes
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.
Since 1998, The Watershed Fund has awarded scholarships totaling more than $337,000
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact.
Students apply for renewal of their scholarship each year at which time the Scholarship Recipient Selection Committee reviews the student's financial need (based on FAFSA form), academic progress (as described on official transcript), commitment to environmental studies (as evidenced by declared major, if appropriate, and student letter) and participation in environmental-related activities (as reported by student).
Examples of Program SuccessHelpOrganization's site specific examples of changes in clients' behaviors or testimonies of client's changes to demonstrate program success.
Many gifted and committed graduates in the environmental field, two of whom are now teaching science in public secondary schools in the New Haven region.
Description
The Watershed Fund started with the belief that, through education, people can learn ways to protect and safeguard threatened watershed lands.  It makes grants to support programs that educate citizens as to how they can help preserve the environment and open space on watershed land.  Selection of programs for funding is based on several factors, including (1) program must complement the South Central Connecticut Regional Water Authority's environmental education program and be offered to citizens within the district served by the Authority, (2) program must provide an educational experience that enhances the Authority's source water protection program or creates opportunities to advance the mission of The Watershed Fund, and (3) application must include quantifiable benchmarks to measure achievement of a project's objectives.  Grants generally do not exceed $10,000. The application form and grantmaking guidelines are available on The Watershed Fund website, www.thewatershedfund.org.
Population Served Children and Youth (0 - 19 years) / Adults /
Program is linked to organization’s mission and strategy Yes
Short Term SuccessHelpOrganizations describe near term achievement(s) or improvement(s) that will result from this program. This may represent immediate outcomes occurring as a result of the end of a session or service.
In its fiscal year 2013, The Watershed Fund made grants totaling more that $78,000 to eight non-profits in the greater New Haven region.
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.
Since 1998 The Watershed Fund has made grants to support environmental education programs totaling nearly $719,000.
Program Success Monitored ByHelpOrganizations describe the tools used to measure or track program impact.
Each non-profit that receives a grant is required to submit an outcome report upon project completion.
Description
The Watershed Fund recognizes that land use choices are important decisions confronting many municipalities across the region.  The Fund will partner with local land trusts, municipalities, state agencies and others to protect threatened watershed lands.  These collaborations will help ensure the future protection of our region's drinking water supplies.  The application form and grantmaking guidelines are available on The Watershed Fund website, www.thewatershedfund.org.
Population Served / /
Program is linked to organization’s mission and strategy Yes
Long Term SuccessHelpOrganizations describe the ultimate change(s) that will result from this program. This may be far into the future and represent an ideal state.
Since 1998 The Watershed Fund has made grants for land protection totaling more than $615,000.  These grants helped preserve parcels in Hamden, Branford, North Branford, Madison and Killingworth.
CEO/Executive Director
Richard G. Bell
Term Start Sept 2009
Email bellawrg@cs.com
Experience
Mr. Bell practiced law at Tyler Cooper & Alcorn, LLP from 1960 until 2002, serving as managing partner for four of those years.  He has a passion for the environment and conservation and is vice president and a director of the Connecticut River Salmon Association. He is a former trustee of the Atlantic Salmon Foundation. He has been a member of the South Central Connecticut Regional Water Authority since January 2003.  His past community involvement includes service as the Chairman of the Board of The Community Foundation for Greater New Haven, Greater New Haven Chamber of Commerce, United Way of Greater New Haven, New Haven Bar Association and Yale-New Haven Hospital.  He has been a member of the Board of Directors of The Watershed Fund since 2008 and has served as President since September 2009. 
Staff
Number of Full Time Staff 0
Number of Part Time Staff 0
Number of Volunteers 24
Number of Contract Staff 0
Staff Retention Rate 0%
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Staff Demographics - Gender
Male 0
Female 0
Unspecified 0
Formal Evaluations
CEO Formal Evaluation No
CEO/Executive Formal Evaluation Frequency N/A
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
Non Management Formal Evaluation Frequency N/A
Comments
CEO Comments
The Watershed Fund is affiliated with the South Central Connecticut Regional Water Authority.  Employees of the Regional Water Authority provide administrative and accounting support.  For additional information concerning The Watershed Fund, please contact Patrice LeMoine at (203) 401-2515, plemoine@rwater.com.
Board Chair
Richard G. Bell
Company Affiliation South Central Connecticut Regional Water Authority
Term Sept 2013 to Sept 2014
Email bellawrg@cs.com
Board of Directors
NameAffiliation
Susan S. Addiss Former Commissioner of Health, State of Connecticut
Claire C. Bennitt Former Chair, Regional Water Authority
Thomas P. Clifford IIIMember, Representative Policy Board, Regional Water Authority
Gordon Geballe Yale School of Forestry & Environmental Studies
Patricia L. McDermott Citi Private Bank
Elisabeth S. Moore Connecticut Farmland Trust
Robert J. Olejarczyk Senior Accountant, Regional Water Authority
Kate S. Powell South Central Connecticut Regional Water Authority
Rev. Prof. John Henry Scott IIIGateway Community College
Brian M. Stone Sousa & Stone, LLC
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 10
Hispanic/Latino 0
Native American/American Indian 0
Other 0 0
Board Demographics - Gender
Male 6
Female 5
Standing Committees
Audit
Distributions / Grant Making
Investment
 
 
Financials
Fiscal Year Start June 01 2013
Fiscal Year End May 31 2014
Projected Revenue $174,100.00
Projected Expenses $136,140.00
Documents
Form 990s
From 9902012
Form 9902011
From 9902010
Form 9902009
Form 9902008
Form 9902007
Audit Documents
Audit2012
Audit2011
Audit2010
Audit2009
Audit2008
Audit2007
IRS Letter of Exemption
IRS Letter
Detailed Financials
Prior Three Years Revenue Sources ChartHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$14,838$14,827$16,457
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions------
------
------
Investment Income, Net of Losses$88,359$15,369$81,925
Membership Dues------
Special Events------
Revenue In-Kind------
Other$31,096$26,328$22,230
Prior Three Years Expense Allocations Chart
Fiscal Year201320122011
Program Expense$119,183$202,560$105,935
Administration Expense$24,049$21,458$17,494
Fundraising Expense------
Payments to Affiliates------
Total Revenue/Total Expenses0.940.250.98
Program Expense/Total Expenses83%90%86%
Fundraising Expense/Contributed Revenue0%0%0%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201320122011
Total Assets$1,548,752$1,412,143$1,564,036
Current Assets$72,904$77,574$54,971
Long-Term Liabilities$40,700$31,000$51,000
Current Liabilities$83,880$102,307$23,240
Total Net Assets$1,424,172$1,278,836$1,489,796
Prior Three Years Top Three Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar Amount -- -- --
Second Highest Funding Source & Dollar Amount -- -- --
Third Highest Funding Source & Dollar Amount -- -- --
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities0.870.762.37
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets3%2%3%
Capitial Campaign
Currently in a Capital Campaign? No
Comments
Foundation Staff Comments

This profile, including the financial summaries prepared and submitted by the organization based on its own independent and/or internal audit processes and regulatory submissions, has been read by the Foundation. Financial information is inputted by Foundation staff directly from the organization’s IRS Form 990, audited financial statements or other financial documents approved by the nonprofit’s board. The Foundation has not audited the organization’s financial statements or tax filings, and makes no representations or warranties thereon. The Community Foundation is continuing to receive information submitted by the organization and may periodically update the organization’s profile to reflect the most current financial and other information available. The organization has completed the fields required by The Community Foundation and updated their profile in the last year. To see if the organization has received a competitive grant from The Community Foundation in the last five years, please go to the General Information Tab of the profile.

 

Address 90 Sargent Dr
New Haven, CT 065115966
Primary Phone 203 401-2515
CEO/Executive Director Richard G. Bell
Board Chair Richard G. Bell
Board Chair Company Affiliation South Central Connecticut Regional Water Authority

 

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