The Powerhouse
- Assets
- $3.5m
- Revenue
- $774.4k
- Investments
- $0.0
- Employees
- 40
- Location
- Durango, CO
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 84-1310757
Organization Overview
The Powerhouse, operating under the name Powerhouse Science Center, is located in Durango, CO. The organization was established in 1996. According to its NTEE Classification (A52) the organization is classified as: Children's Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Powerhouse Science Center employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Powerhouse Science Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Powerhouse Science Center generated $774.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $846.3k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO SPARK CURIOSITY, IGNITE IMAGINATION, AND POWER EXPLORATION.
Describe the Organization's Program Activity:
GALLERY - GALLERY OPERATIONS CONTINUED TO BE SUBSTANTIALLY IMPACTED BY THE COVID-19 PANDEMIC WITH ANNUAL VISITORS DOWN ALMOST 50% COMPARED TO 2019. DESPITE LOWER-THAN-NORMAL NUMBERS, WE CONTINUED TO INVEST IN RENEWED EXHIBIT EXPERIENCES TO SUPPORT OUR MEMBERS AND VISITORS, INCLUDING HOSTING DINOSAUR DISCOVERIES: ANCIENT FOSSILS, NEW IDEAS AND GEAR UP: THE SCIENCE OF BIKES.
EDUCATION PROGRAMS - MUCH OF THE POWERHOUSES TRADITIONAL SCHOOL-BASED PARTNERSHIPS REMAINED ON HOLD IN 2021 DUE TO HEALTH AND SAFETY RESTRICTIONS RELATED TO THE PANDEMIC. THE POWERHOUSE CONTINUED THE DURANGO LEARNING LAB THROUGH THE END OF THE 2020-21 SCHOOL YEAR TO SUPPORT STUDENTS WHO WERE AWAY FROM A TRADITIONAL CLASSROOM SETTING THROUGH ACADEMIC SUPPORT, ONE-ON-ONE TUTORING, AND ENRICHMENT ACTIVITIES. BY THE FIRST HALF OF 2021, AREA PUBLIC SCHOOLS HAD RETURNED TO A FOUR-DAY-A-WEEK SCHEDULE AND THE LEARNING LAB FOCUSED ON FIFTH-DAY ENRICHMENT, FULLY REMOTE STUDENTS, AND HIGH SCHOOL STUDENTS NEEDING ADDITIONAL TUTORING ASSISTANCE. BY THE END OF THE SCHOOL YEAR, THE POWERHOUSE CONTINUED TO SEE STRONG COMMUNITY NEED FOR LEARNING AND ENRICHMENT AND EXPANDED OUR CAMP DISCOVERY SUMMER STEM ENRICHMENT PROGRAM. WE WELCOMED 375 CAMPERS OVER TEN WEEKS (DOUBLE OUR 2020 ENROLLMENT) AND EXTENDED SCHOLARHSIPS TO CHILDREN OF EDUCATORS AND FRONT-LINE HEALTHCARE WORKERS. WE ALSO SECURED FUNDING THROUGH THE COLORADO EDUCATION INITIATIVE TO RUN A TWO-WEEK LEARNING RECOVERY PROGRAM FOR STUDENTS NEGATIVELY IMPACTED BY REMOTE SCHOOLING IN PARTNERSHIP WITH DURANGO SCHOOL DISTRICT 9-R AND THE BOYS AND GGIRLS CLUB OF LA PLATA COUNTY. BEGINNING WITH THE 2021-2022 SCHOOL YEAR, WE LAUNCHED NEW STEM ENRICHMENT PROGRAMS FOCUSING ON MORE OUTLYING SCHOOLS AND COMMUNITIES. THESE INCLUDED FREE AFTER-SCHOOL SCIENCE CLUBS AT SUNNYSIDE ELEMENTARY SCHOOL AND FORT LEWIS MESA ELEMENTARY SCHOOL AND FIFTH-DAY PROGRAMS ON FRIDAYS AT ATHE MANCOS AND DOLORES PUBLIC LIBRARIES.
MAKERLAB - THE MAKERLAB LAUNCHED IN 2016 WITH THE MERGER BETWEEN THE MAKERS CLUB OF DURANGO AND THE POWERHOUSE. THE PROGRAM HAS OPERATED OUT OF THE CARLTON FAMILY SCIENCE EDUCATION CENTER WITH WORKSPACES AVAILABLE ON A MEMBERSHIP BASIS, INCLUDING A METAL SHOP, WOOD SHOP, LASER CUTTERS AND 3-D PRINTERS, AN ELECTRONICS SHOP, AND A TEXTILE ROOM. IN THE FOURTH QUARTER OF 2021, MAKERLAB LEADERS APPROACHED THE POWERHOUSE FOR PERMISSION TO EXPLORE INCOPORATING AS A SEPARATE 501(C)(3) AND RELOCATING TO A LARGE SPACE OFF CAMPUS. THE BOARD OF DIRECTORS ACCPETED THAT REQUEST AND A SEPARATION AGREEMENT WAS REACHED IN 2022 THAT MET THE GOALS OF BOTH ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Susor Executive Director | OfficerTrustee | 40 | $63,396 |
David Parr Board Treasurer | OfficerTrustee | 4 | $0 |
Lisa Stone Board President | OfficerTrustee | 4 | $0 |
Renee Morgan Board Secretary | OfficerTrustee | 2 | $0 |
Marc Masor Board Member | Trustee | 4 | $0 |
Deanne Carlson Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $249,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $213,679 |
| Noncash contributions included in lines 1a–1f | $12,488 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $463,187 |
| Total Program Service Revenue | $344,765 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,831 |
| Net Income from Fundraising Events | -$1,250 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,503 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $774,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,977 |
| Compensation of current officers, directors, key employees. | $17,939 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,167 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358 |
| Fees for services: Accounting | $53,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $54,180 |
| Advertising and promotion | $7,824 |
| Office expenses | $12,485 |
| Information technology | $5,456 |
| Royalties | $0 |
| Occupancy | $43,473 |
| Travel | $4,466 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $179,006 |
| Insurance | $14,524 |
| All other expenses | $4,287 |
| Total functional expenses | $846,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $501,201 |
| Savings and temporary cash investments | $75,034 |
| Pledges and grants receivable | $1,074,014 |
| Accounts receivable, net | $4,175 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,534 |
| Prepaid expenses and deferred charges | $25,287 |
| Net Land, buildings, and equipment | $1,804,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,488,196 |
| Accounts payable and accrued expenses | $60,743 |
| Grants payable | $0 |
| Deferred revenue | $42,065 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $0 |
| Total liabilities | $602,808 |
| Net assets without donor restrictions | $1,787,634 |
| Net assets with donor restrictions | $1,097,754 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,488,196 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Powerhouse has recieved totaling $80,574.
| Awarding Organization | Amount |
|---|---|
Colorado Education Initiative Denver, CO PURPOSE: SUMMER RECOVERY COALITION SUBGRANT | $40,000 |
Caring For Colorado Centennial Fund Denver, CO PURPOSE: POWERHOUSE VACCINE E | $24,500 |
Adolph Coors Foundation Denver, CO PURPOSE: GENERAL OPERATIONS | $15,000 |
Westmeath Foundation Wilmington, DE PURPOSE: KIDS STEM PROGRAMS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $74 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Museum Of Denver Inc Denver, CO | $24,663,465 | $4,219,080 |
Explora Science Center & Childrens Museum Of Albuquerque Albuquerque, NM | $9,408,039 | $6,717,766 |
Omaha Childrens Museum Inc Omaha, NE | $6,009,247 | $3,970,872 |
Discovery Gateway Salt Lake City, UT | $3,078,534 | $3,546,576 |
Over The Rainbow Butterfly Garden Inc Flagstaff, AZ | $925,650 | $2,814,063 |
Tucson Childrens Museum Inc Tucson, AZ | $1,837,223 | $2,864,364 |
Lincoln Childrens Museum Lincoln, NE | $8,286,957 | $2,519,873 |
Jasmine Moran Childrens Museum Foundation Inc Seminole, OK | $18,731,032 | $2,824,310 |
Enid Arts And Sciences Foundation Enid, OK | $3,878,571 | $824,375 |
Santa Fe Childrens Museum Inc Santa Fe, NM | $1,785,102 | $1,516,731 |
The Powerhouse Durango, CO | $3,488,196 | $774,423 |
St George Childrens Museum St George, UT | $624,795 | $931,671 |