The Powerhouse
- Assets
- $3.2m
- Revenue
- $861.4k
- Investments
- $0.0
- Employees
- 46
- Location
- Durango, CO
- Founding
- 07/1996
- Data as of
- 12/2022
- 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 12/2022, Powerhouse Science Center employed 46 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 12/2022, Powerhouse Science Center generated $861.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 11.6% per year over the past 6 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
2022
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 - 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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Susor Executive Director | OfficerTrustee | 40 | $70,687 |
Terry Spriggs Board Member | Trustee | 2 | $0 |
Marc Masor Board Member | Trustee | 4 | $0 |
Callie Cole Board Member | Trustee | 2 | $0 |
Philip Werline Board Member | Trustee | 2 | $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 | $122,282 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $363,791 |
| Total Program Service Revenue | $529,561 |
| Investment income | $435 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,585 |
| Net Income from Fundraising Events | $2,455 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$21,163 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $861,407 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,443 |
| 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. | $70,687 |
| Compensation of current officers, directors, key employees. | $17,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,666 |
| Payroll taxes | $35,141 |
| 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 | $65,916 |
| Advertising and promotion | $11,031 |
| Office expenses | $18,107 |
| Information technology | $5,655 |
| Royalties | $0 |
| Occupancy | $35,559 |
| Travel | $19,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,972 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $182,319 |
| Insurance | $16,003 |
| All other expenses | $4,799 |
| Total functional expenses | $1,034,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,704 |
| Savings and temporary cash investments | $373,401 |
| Pledges and grants receivable | $970,910 |
| Accounts receivable, net | $48,169 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,648 |
| Prepaid expenses and deferred charges | $12,017 |
| Net Land, buildings, and equipment | $1,640,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,214,592 |
| Accounts payable and accrued expenses | $62,925 |
| Grants payable | $0 |
| Deferred revenue | $42,692 |
| 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 | $605,617 |
| Net assets without donor restrictions | $1,590,089 |
| Net assets with donor restrictions | $1,018,886 |
| 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 | $3,214,592 |