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Nonprofiteer
← POWERHOUSE ARTS INC

Form 990 for tax year 2023

Filed by POWERHOUSE ARTS INC.

Totals

Total revenue
$8,787,610
Total expenses
$18,768,042
Contributions and grants received
$510,044
Grants paid
$12,584
Program service revenue
$2,845,584
Investment income
$5,406,632
Other revenue
$25,350
Total assets, end of year
$323,321,070
Total liabilities, end of year
$161,553,526
Net assets or fund balances, end of year
$161,767,544
Program services expenses (Part IX)
$11,069,452
Management and general expenses
$6,451,357
Fundraising expenses
$1,247,233
Program service expenses (Part III)
$11,069,452

Program services were 59.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $15,000

  • 1f · All other contributions, gifts and grants

    $495,044

  • 1g · Noncash contributions included above

    $18,900

  • 2a · Program service revenue: PROGRAM REVENUE, NET

    total $2,845,584 · related or exempt $2,845,584

  • 3 · Investment income

    total $5,406,632 · excluded $5,406,632

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $25,350 · excluded $25,350

  • 11e · Other revenue, total

    $25,350

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,584 · program services $12,584

  • 5 · Compensation of officers, directors and key employees

    total $840,812 · program services $426,833 · management and general $206,608 · fundraising $207,371

  • 7 · Other salaries and wages

    total $4,099,791 · program services $2,443,009 · management and general $1,486,072 · fundraising $170,710

  • 9 · Other employee benefits

    total $969,079 · program services $559,763 · management and general $339,424 · fundraising $69,892

  • 10 · Payroll taxes

    total $400,791 · program services $232,594 · management and general $137,816 · fundraising $30,381

  • 11b · Fees: legal

    total $184,230 · program services $2,631 · management and general $181,599

  • 11c · Fees: accounting

    total $68,487 · management and general $68,487

  • 11f · Fees: investment management

    total $9,349 · management and general $9,349

  • 11g · Fees: other

    total $1,124,656 · program services $483,721 · management and general $502,055 · fundraising $138,880

  • 13 · Office expenses

    total $1,316,607 · program services $763,398 · management and general $453,283 · fundraising $99,926

  • 16 · Occupancy

    total $8,208,422 · program services $5,218,916 · management and general $2,531,794 · fundraising $457,712

  • 17 · Travel

    total $54,138 · program services $31,417 · management and general $18,617 · fundraising $4,104

  • 22 · Depreciation, depletion and amortization

    total $417,272 · program services $329,690 · management and general $87,582

  • 23 · Insurance

    total $260,634 · program services $151,255 · management and general $89,622 · fundraising $19,757

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $639,816 · program services $371,309 · management and general $220,007 · fundraising $48,500

  • 24b · Other expenses: LICENSES, PERMITS AND F

    total $119,042 · management and general $119,042

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $42,332 · program services $42,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $868,430 · end of year $1,100,753

  • 2 · Savings and temporary cash investments

    beginning of year $14,232,161 · end of year $9,265,532

  • 4 · Accounts receivable

    beginning of year $299,816 · end of year $846,209

  • 9 · Prepaid expenses and deferred charges

    beginning of year $723,484 · end of year $570,950

  • 10a · Land, buildings and equipment: cost or other basis

    $10,350,490

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,389,717

  • 10c · Land, buildings and equipment, net

    beginning of year $8,657,257 · end of year $8,960,773

  • 15 · Other assets

    beginning of year $305,527,005 · end of year $302,576,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $572,216 · end of year $846,633

  • 19 · Deferred revenue

    beginning of year $195,593 · end of year $80,073

  • 22 · Loans and payables to officers and key people

    beginning of year $5,831,263 · end of year $5,481,263

  • 23 · Secured mortgages and notes payable

    beginning of year $20,000,000 · end of year $24,000,000

  • 25 · Other liabilities

    beginning of year $131,963,606 · end of year $131,145,557

  • 27 · Net assets without donor restrictions

    beginning of year $171,745,475 · end of year $161,767,544

Mission and programs · 2023

Mission

POWERHOUSE IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO CREATIVE EXPRESSION. HOUSED IN A PURPOSE-BUILT FACILITY IN BROOKLYN, THE ORGANIZATION HOSTS AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES VITAL TO THE WELLBEING OF ARTISTS AND THE COMMUNITIES TO WHICH THEY BELONG.

  • FABRICATION PROGRAMPOWERHOUSE ARTS WORKS COLLABORATIVELY WITH ARTISTS ON PROJECTS AT ALL STAGES - FROM CONCEPT DEVELOPMENT TO PROJECT EXECUTION TO INSTALLATION. POWERHOUSE SPECIALIZES IN CERAMIC, PRINT, AND CUSTOM FABRICATION.

    Expenses $9,568,839 · Grants $12,584 · Revenue $1,453,644

  • LEARNING AND ENGAGEMENTPOWERHOUSE ARTS WORKS TOWARDS BECOMING MEANINGFUL HOME TO AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES. THE LEARNING AND ENGAGEMENT TEAM WILL BUILD THESE RELATIONSHIPS WITH EDUCATIONAL AND PUBLIC PROGRAMMING, INCLUDING WORK-BASED LEARNING OPPORTUNITIES.

    Expenses $458,861 · Revenue $28,477

  • CERAMIC MEMBER STUDIO PROGRAMMEMBERSHIP TO THE CERAMIC MEMBER STUDIO PROVIDES FLEXIBLE ACCESS TO MEMBERS-ONLY WORKSHOP FACILITIES FOR THOSE WHO HAVE DEMONSTRATED THE ABILITY TO WORK INDEPENDENTLY AND SAFELY. THE PROGRAM INCLUDES EDUCATIONAL WORKSHOPS AND CLASSES.

    Expenses $381,307 · Revenue $449,457

  • EVENT SALES PROGRAMPOWERHOUSE ARTS EVENT SALES PROGRAM, OFFERING BOTH STANDARD AND SUBSIDIZED RENTAL RATES TO THE EVENTS COMMUNITY TO SUPPORT A VARIETY OF ACTIVITIES AND ACTIVATIONS. THIS PROGRAM DIRECTLY SUPPORTS THE CREATIVE MISSION OF THE ORGANIZATION, AND ALLOWS PERFORMANCES, EXHIBITIONS, GALAS, BANQUETS, PHOTO AND VIDEO SHOOTS, AND MORE TO TAKE PLACE IN A VARIETY OF UNIQUE SPACES THROUGHOUT THE BUILDING.

    Expenses $660,445 · Revenue $914,006

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Hanna

    CHAIR

    Total calculated
    $0
    Hours/week
    30

  • Eric Shiner

    PRESIDENT

    Total calculated
    $414,344
    From this org
    $397,899
    From related orgs
    $0
    Other
    $16,445
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $397,899
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,445
    Filer's total
    $414,344

  • Elizabeth Lewis Buckley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Latoya Ruby Frazier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Christopher Ho

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Hurst

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracey Ryans

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dread Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steven M Battaglia

    SR. VICE PRESIDENT

    Total calculated
    $260,294
    From this org
    $240,799
    From related orgs
    $0
    Other
    $19,495
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,599
    Bonus
    $23,200
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,495
    Filer's total
    $260,294

  • Shayna Jeffers

    FINANCE DIRECTOR

    Total calculated
    $170,768
    From this org
    $147,899
    From related orgs
    $0
    Other
    $22,869
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,131
    Bonus
    $5,768
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,869
    Filer's total
    $170,768

  • Mitchell Roth

    FACILITIES DIRECTOR

    Total calculated
    $217,771
    From this org
    $148,689
    From related orgs
    $0
    Other
    $69,082
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,636
    Bonus
    $9,013
    Other
    $40
    Deferred
    $0
    Nontaxable benefits
    $69,082
    Filer's total
    $217,771

  • Anika Selhorst

    INTERIM CO-EXEC. DIRECTOR

    Total calculated
    $189,891
    From this org
    $134,345
    From related orgs
    $0
    Other
    $55,546
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,335
    Bonus
    $10
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $55,546
    Filer's total
    $189,891

  • Phoenix Lindsey Hall

    DIRECTOR OF OPERATIONS

    Total calculated
    $158,156
    From this org
    $118,063
    From related orgs
    $0
    Other
    $40,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,244
    Bonus
    $3,819
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $40,093
    Filer's total
    $158,156

  • Erdinc Kaynas

    CHIEF ENGINEER

    Total calculated
    $157,597
    From this org
    $123,504
    From related orgs
    $0
    Other
    $34,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,304
    Bonus
    $7,200
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,093
    Filer's total
    $157,597

  • Yarisbeth Sagardia

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $139,926
    From this org
    $123,267
    From related orgs
    $0
    Other
    $16,659
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BRT POWERHOUSE LLC

    REAL ESTATE OWNERSHIP · NY · income $0 · assets $7,264,297

    Directly controlled by POWERHOUSE ARTS INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GEMINI ARTS INITIATIVE INC

    C · ENVIRONMENTAL REMEDIATION AND CAPITAL DEVELOPMENT OF POWERHOUSE ARTS · NY · 100% owned · share of income $3,723,422 · share of assets $174,280,893 · controlled entity

    Directly controlled by POWERHOUSE ARTS INC

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2025
IRS schema version
2023v6.0
Source object
202521329349304082

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