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Nonprofiteer
← THE POWERHOUSE

Form 990 for tax year 2022

Filed by THE POWERHOUSE.

Totals

Total revenue
$861,407
Total expenses
$1,034,716
Contributions and grants received
$363,791
Grants paid
$27,443
Program service revenue
$529,561
Investment income
-$15,150
Other revenue
-$16,795
Total assets, end of year
$3,214,592
Total liabilities, end of year
$605,617
Net assets or fund balances, end of year
$2,608,975
Program services expenses (Part IX)
$837,273
Management and general expenses
$140,974
Fundraising expenses
$56,469
Program service expenses (Part III)
$837,273

Program services were 80.9% 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)

    $122,282

  • 1f · All other contributions, gifts and grants

    $241,509

  • 2a · Program service revenue: PROGRAM REVENUES

    total $320,156 · related or exempt $320,156

  • 2b · Program service revenue: EVENT INCOME

    total $48,543 · related or exempt $48,543

  • 2c · Program service revenue: EVENT INCOME

    total $99,621 · unrelated business $99,621

  • 2d · Program service revenue: MEMBERSHIPS

    total $61,241 · related or exempt $61,241

  • 3 · Investment income

    total $435 · excluded $435

  • 7b · Less cost or other basis and sales expenses

    other assets $15,585

  • 7c · Gain or loss

    other assets -$15,585

  • 7d · Net gain or loss

    total -$15,585 · related or exempt -$15,585

  • 8a · Fundraising events: gross income

    $6,013

  • 8b · Fundraising events: direct expenses

    $3,558

  • 8c · Net income from fundraising events

    total $2,455 · excluded $2,455

  • 10b · Cost of goods sold

    $21,163

  • 10c · Net income from sales of inventory

    total -$21,163 · related or exempt -$21,163

  • 11a · Other revenue: MISCELLANEOUS

    total $1,913 · related or exempt $1,913

  • 11e · Other revenue, total

    $1,913

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,443 · program services $27,443

  • 5 · Compensation of officers, directors and key employees

    total $70,687 · program services $27,567 · management and general $17,673 · fundraising $25,447

  • 7 · Other salaries and wages

    total $283,553 · program services $251,828 · management and general $18,292 · fundraising $13,433

  • 9 · Other employee benefits

    total $5,666 · program services $3,173 · management and general $1,465 · fundraising $1,028

  • 10 · Payroll taxes

    total $35,141 · program services $25,988 · management and general $6,254 · fundraising $2,899

  • 11b · Fees: legal

    total $358 · program services $358

  • 11c · Fees: accounting

    total $53,114 · program services $4,153 · management and general $48,503 · fundraising $458

  • 11g · Fees: other

    total $65,916 · program services $57,665 · management and general $7,056 · fundraising $1,195

  • 12 · Advertising and promotion

    total $11,031 · program services $9,697 · management and general $1,321 · fundraising $13

  • 13 · Office expenses

    total $18,107 · program services $10,931 · management and general $83 · fundraising $7,093

  • 14 · Information technology

    total $5,655 · program services $4,839 · management and general $359 · fundraising $457

  • 16 · Occupancy

    total $35,559 · program services $29,076 · management and general $6,483

  • 17 · Travel

    total $19,153 · program services $16,782 · management and general $1,905 · fundraising $466

  • 20 · Interest

    total $14,972 · management and general $14,972

  • 22 · Depreciation, depletion and amortization

    total $182,319 · program services $172,957 · management and general $9,245 · fundraising $117

  • 23 · Insurance

    total $16,003 · program services $13,189 · management and general $2,496 · fundraising $318

  • 24a · Other expenses: SCHOLARSHIP AID

    total $31,892 · program services $31,892

  • 24b · Other expenses: SUPPLIES AND EXHIBIT EXPENSE

    total $129,847 · program services $126,748 · management and general $2,024 · fundraising $1,075

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $6,933 · program services $4,146 · management and general $2,787

  • 24d · Other expenses: BANK AND CREDIT CARD FEES

    total $16,568 · program services $14,098 · fundraising $2,470

  • 24e · All other expenses

    total $4,799 · program services $4,743 · management and general $56

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $501,201 · end of year $163,704

  • 2 · Savings and temporary cash investments

    beginning of year $75,034 · end of year $373,401

  • 3 · Pledges and grants receivable

    beginning of year $1,074,014 · end of year $970,910

  • 4 · Accounts receivable

    beginning of year $4,175 · end of year $48,169

  • 8 · Inventories for sale or use

    beginning of year $3,534 · end of year $5,648

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,287 · end of year $12,017

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

    $3,819,351

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

    $2,178,608

  • 10c · Land, buildings and equipment, net

    beginning of year $1,804,951 · end of year $1,640,743

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,743 · end of year $62,925

  • 19 · Deferred revenue

    beginning of year $42,065 · end of year $42,692

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,787,634 · end of year $1,590,089

  • 28 · Net assets with donor restrictions

    beginning of year $1,097,754 · end of year $1,018,886

Mission and programs · 2022

Mission

THE ORGANIZATIONS MISSION IS TO SPARK CURIOSITY,IGNITE IMAGINATION,AND POWER EXPLORATION.

  • GALLERY - VISITOR NUMBERS RETURNED TO NORMAL AFTER TWO YEARS OF MAJOR DISRUPTION DUE TO THE PANDEMIC, EXCEEDING 2019 LEVELS BY ALMOST 10%. WE HOSTED TWO VISITING EXHIBITIONS TO BRING FRESH EXPERIENCES TO OUR REGION - MEDIEVAL TO METAL: THE ART & EVOLUTION OF THE GUITAR AND ROOTS OF WISDOM: NATIVE KNOWLEDGE. SHARED SCIENCE.

    Expenses $539,520 · Revenue $327,083

  • EDUCATION PROGRAMS - THE POWERHOUSE EDUCATION TEAM REDEVELOPED CURRICULUM TO SUPPORT FIELD TRIPS, CLASSROOM OUTREACH, AND AFTERSCHOOL PROGRAMS. OUR STEAM LESSON CATALOGUE NOW INCLUDES 43 STATE STANDARDS ALIGNED LEARNING OPPORTUNITIES ENCOMPASSING THE SCIENTIFIC METHOD, ENGINEERING, CHEMISTRY, PHYSICS, GELOLOGY, ANTHROPOLOGY, ENVIRONMENTAL SCIENCE, AND TECHNOLOGY. THE POWERHOUSE PARTNERED WITH DURANGO SCHOOL DISTRICT 9-R AND SAN JUAN BOCES TO RELAUNCH IN-PERSON SCIENCE AND ENGINEERING COMPETITIONS FOR STUDENTS ACROSS SOUTHWEST COLORADO. OUR EDUCATORS ORGANIZED FIRST LEGO LEAGUE, DESTINATION IMAGINATION, AND THE SAN JUAN BASIN REGIONAL SCIENCE FAIR IN 2022. THE POWERHOUSE CONTINUED TO EXPAND AND IMPROVE ITS WEEK-LONG SCIENCE CAMPS. WE ENROLLED OVER 500 STUDENTS IN 2022, A 33% INCREASE FROM 2021 AND AN ALL TIME RECORD. 92% OF PARENTS RATED THEIR EXPERIENCE WITH THE PROGRAM POSITIVELY AND 95% OF CAMPERS EXPRESSED INTEREST IN RETURNING THE FOLLOWING SUMMER. AFTERSCHOOL PROGRAMS - THE POWERHOUSE EXPANDED FREE EDUCATIONAL PROGRAMS SERVING GEOGRAPHICALLY REMOTE STUDENTS IN 2022 BY DOUBLING TO FOUR SCHOOL DISTRICT-SPONSORED WEEKLY PROGRAMS IN DURANGO-AREA SCHOOLS AND ALSO BY ADDING FIFTH DAY PROGRAMS IN BAYFIELD, CORTEZ, AND IGNACIO WHICH ARE DISTRICTS THAT OPERATE ON A FOUR DAY SCHOOL WEEK. THE POWERHOUSE ALSO RELAUNCHED ON-CAMPUS AFTERSCHOOL STEAM EDUCATION PROGRAMS AFTER A TWO-YEAR HIATUS. OUR SCIENCE CAREER LADDER INTERNSHIP PROGRAM CONTINUED TO RECOVER IN 2022, GROWING FROM SIX TO FOURTEEN STUDENTS DURING THE SCHOOL YEAR. THIS PROJECT PROVIDES MENTORSHIP, CAREER CONNECTIONS, PEER SUPPORT, AND OPPORTUNITIES TO INSPIRE NEXT-GENERATION LEARNERS FOR MIDDLE AND HIGH SCHOOL STUDENTS INTERESTED IN STEM FIELDS. PUBLIC PROGRAMMING - THE POWERHOUSE HOSTED TWO MULTI-PART SPEAKER SERIES IN 2022 - ONE FOCUSED ON PUBLIC HEALTH AND PEDIATRIC VACCINES AND THE SECOND FEATURING INDIGENOUS CONSERVATION LEADERS.

    Expenses $252,671 · Revenue $193,677

  • MAKERLAB - THE POWERHOUSE SUPPORTED THE LAUNCH OF THE MAKERLAB, FORMERLY A PROGRAM OF THE POWERHOUSE, AS AN INDEPENDENT ORGANIZATION IN AN EXPANDED OFF-CAMPUS SPACE IN MAY 2022 THROUGH GIFTS OF FINANCIAL SUPPORT AND EQUIPMENT.

    Expenses $45,082 · Revenue $8,801

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Susor

    EXECUTIVE DIRECTOR

    Total calculated
    $72,720
    From this org
    $70,687
    From related orgs
    $0
    Other
    $2,033
    Hours/week
    40

  • Terry Spriggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Marc Masor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Callie Cole

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Philip Werline

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Deanne Carlson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Lisa Stone

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • David Parr

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Alexii Carey

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2023
IRS schema version
2022v5.0
Source object
202332139349300608

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