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Nonprofiteer
← POWERHOUSE FOUNDATION

Form 990 for tax year 2023

Filed by POWERHOUSE FOUNDATION.

Totals

Total revenue
$945,671
Total expenses
$788,203
Contributions and grants received
$914,951
Grants paid
$401,132
Program service revenue
$30,681
Investment income
$39
Other revenue
$0
Total assets, end of year
$215,633
Total liabilities, end of year
$93,973
Net assets or fund balances, end of year
$121,660
Program services expenses (Part IX)
$484,332
Management and general expenses
$37,525
Fundraising expenses
$266,346
Program service expenses (Part III)
$484,332

Program services were 61.4% 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.

  • 1f · All other contributions, gifts and grants

    $914,951

  • 2a · Program service revenue: Suite Ticket Net Profit

    total $30,681 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $39 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $391,899 · program services $391,899

  • 2 · Grants to domestic individuals

    total $9,233 · program services $9,233

  • 5 · Compensation of officers, directors and key employees

    total $119,200 · program services $83,200 · management and general $36,000 · fundraising $0

  • 13 · Office expenses

    total $1,308 · program services $0 · management and general $1,308 · fundraising $0

  • 24a · Other expenses: Bank Service Fees

    total $217 · program services $0 · management and general $217 · fundraising $0

  • 24b · Other expenses: Cowboy Suite Rental

    total $266,346 · program services $0 · management and general $0 · fundraising $266,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,457 · end of year $152,506

  • 4 · Accounts receivable

    beginning of year $30,927 · end of year $6,742

  • 9 · Prepaid expenses and deferred charges

    end of year $56,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $196,193 · end of year $93,973

  • 27 · Net assets without donor restrictions

    beginning of year -$35,809 · end of year $121,660

Mission and programs · 2023

Mission

PHF purpose is to glorify Jesus Christ by positively impacting people in our community by meeting their physical, spiritual, financial, and emotional needs.

  • PHF provided funds for local community and religion organizations to provide benevolence.

    Expenses $234,222

  • Angel Tree - worked with Crowley school district to provide children and families with Christmas gifts in 2023

    Expenses $69,910

  • PHF provided funds to the The Fountains Fellowship Counseling Center to provide free counseling for people in the community.

    Expenses $96,000

  • Wellness Program- To provide health programs to Powerhouse employees

    Expenses $84,200

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

Listed in Part VII

  • Brent Teeter

    President

    Total calculated
    $0
    Hours/week
    2

  • Don Womble

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • David Bream

    Treasurer

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Stacy Daniell

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Theresa Pachell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Hargrave

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Wroughton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jason Pelley

    Director

    Total calculated
    $0
    Hours/week
    1

  • Gayle Teeter

    Executive Director

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349319651

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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