Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
19 people listed on the 990; $629K paid to officers and key staff (Part VII, Section A).
Jason Merwin’s $158K as Executive Di is at the 17th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Jason Merwin | $158,285 | $153,193 | $147,299 | $102,141 | — | — |
| James R Martin CPA | $142,496 | $137,916 | $134,878 | $108,188 | $100,801 | — |
| Timothy E Cox ESQ | $130,347 | $126,153 | $122,634 | $107,194 | $103,776 | $100,412 |
| Alan L Rosa | — | — | — | — | — | $117,752 |
| Barbara Puglisi | $106,027 | $102,621 | — | — | — | — |
| Tina Mole | $27,837 | $27,227 | $24,771 | $18,454 | $19,996 | $10,282 |
| Richard Parete | $7,500 | $7,950 | $7,500 | $6,250 | $6,375 | $7,500 |
| Alicia Terry | $6,750 | $7,650 | $6,900 | $5,875 | $4,125 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Catskill Watershed Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Protects and improves West of Hudson watershed water quality through programs and funding.
Questions for Catskill Watershed Corporation
Your first name shows with your question. Catskill Watershed Corporation answers here, for everyone.
Administer Watershed protection and partnership programs.
Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 14-1798021) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $128.5M | $167.6M |
| InvestmentsLn 11–13 | $9.6M | $8.4M |
| Land, buildings, equipmentLn 10c | $17.1M | $17.0M |
| Total assetsLn 16 | $184.0M | $223.5M |
| LiabilitiesLn 26 | $169.7M | $206.1M |
| Net assetsLn 32 | $14.3M | $17.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $156K | $156K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $270K | $99K | $170K | |
| Other salaries and wagesLn 7 | $1.8M | $866K | $919K | |
| Pension plan contributionsLn 8 | $178K | $83K | $96K | |
| Other employee benefitsLn 9 | $505K | $234K | $271K | |
| Payroll taxesLn 10 | $151K | $70K | $81K | |
| Legal feesLn 11b | $149K | $88K | $62K | |
| Accounting feesLn 11c | $36K | $36K | ||
| Other fees for servicesLn 11g | $53K | $53K | ||
| Advertising and promotionLn 12 | $24K | $10K | $14K | |
| Office expensesLn 13 | $14K | $89 | $13K | |
| OccupancyLn 16 | $100K | $8K | $92K | |
| TravelLn 17 | $26K | $283 | $26K | |
| Conferences, conventions and meetingsLn 19 | $37K | $5K | $32K | |
| Depreciation, depletion and amortizationLn 22 | $573K | $573K | ||
| InsuranceLn 23 | $115K | $115K | ||
| Other expenses (24a–d)Ln 24 | $17.5M | $17.5M | $15K | |
| Total functional expensesLn 25 | $21.7M | $20.1M | $1.6M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Apr 7, 2026 | $24.9M | $21.7M | $3.2M | $17.5M | 990 PDF |
| FY2024Filed with the IRS Apr 2, 2025 | $25.8M | $22.6M | $3.2M | $14.3M | 990 PDF |
| FY2023Filed with the IRS May 20, 2024 | $31.9M | $30.1M | $1.8M | $11.3M | 990 PDF |
| FY2022Filed with the IRS May 9, 2023 | $25.3M | $25.5M | −$189K | $8.7M | 990 PDF |
| FY2021Filed with the IRS May 9, 2022 | $18.4M | $18.2M | $115K | $10.2M | 990 PDF |
| FY2020Filed with the IRS Apr 14, 2021 | $33.0M | $31.6M | $1.4M | $10.1M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $24,852,843 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, no flags
Part VIII · Statement of revenue $24,852,843 across 4 lines filed
Part IX · Statement of functional expenses $21,667,859 across 17 lines filed
Part X · Balance sheet $223,543,639 assets, 16 lines filed
Part XI · Reconciliation of net assets $17,467,130 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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