The Powerhouse Environmental Arts Foundation is a arts education nonprofit based in Brooklyn, NY that was founded in 2012. As of 2018 they had $152 million in revenue and $192 million in assets.
The 'powerhouse environmental Arts foundation was formed to develop and operate the Powerhouse workshop, a contemporary, industrial fabrication center established to support the working needs of artists.
Previous legal names or variations of their name include: Powerhouse Enviromental Arts Foundation; and Powerhouse Arts.
EIN:
46-0776852
City:
State:
Metro:
Website:
Founded:
2012
Type:
501(c)(3)
NTEE:
Revenue:
$152,241,346
Assets:
$192,471,827
Employees:
17
Fiscal year end:
June
Program areas at The Powerhouse Environmental Arts Foundation
During The year ended june 30, 2017, The Foundation was involved with ongoing program development analyses and architectural studies related to The development of The Powerhouse workshop, a contemporary art center and art fabrication facility established to serve The needs of working artists. The Foundation continued to fund its subsidiary entity, a functionally related business undertaking The Environmental remediation and construction of The property. The Foundation also continued to manage The programming and operations of a fine art print shop, which serves as a pilot program for The production workshops in wood, metal, ceramics, textiles and printmaking which The Foundation will operate in The Powerhouse workshop.
Form 990s for The Powerhouse Environmental Arts Foundation
| Fiscal year ending | Date received by IRS | Form | PDF link |
|---|
| 2018-06 | Aug 8, 2019 | 990 | View PDF |
| 2017-06 | Oct 16, 2018 | 990 | View PDF |
| 2016-06 | Jun 7, 2017 | 990 | View PDF |
| 2014-06 | May 25, 2017 | 990PF | View PDF |
| 2014-06 | Jun 17, 2016 | 990PF | View PDF |
| ...and two more Form 990 PDFs |
Financials for The Powerhouse Environmental Arts Foundation
| Field | 2017 | 2016 | % Change |
|---|
| Federated campaigns | $0 | $0 | |
| Membership dues | $0 | $0 | |
| Fundraising event contributions | $0 | $0 | |
| Related organizations | $0 | $0 | |
| Government grants (contributions) | $0 | $0 | |
| Normal grants, contributions, etc. | $21,670,000 | $8,989,329 | 141.1% |
| <em>Non-cash contributions included in above</em> | $0 | | |
| Total grants, contributions, etc. | $21,670,000 | $8,989,329 | 588.5% |
| Field | 2018 | 2017 | % Change |
|---|
| Total grants, contributions, etc. | $149,199,999 | $21,670,000 | 588.5% |
| Program services | $806,010 | $757,052 | 6.5% |
| Investment income and dividends | $227,475 | $3,010 | 7457.3% |
| Tax-exempt bond proceeds | $0 | $0 | |
| Royalty revenue | $0 | $0 | |
| Net rental income | $0 | $0 | |
| Net gain from sale of non-inventory assets | $25 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | |
| Net income from gaming activities | $0 | $0 | |
| Net income from sales of inventory | $0 | $0 | |
| Miscellaneous revenues | $2,007,837 | $0 | 999% |
| Total revenues | $152,241,346 | $22,430,062 | 578.7% |
| Field | 2018 | 2017 | % Change |
|---|
| Grants to govts. and orgs. in USA | $0 | $0 | |
| Grants to individuals in USA | $0 | $0 | |
| Grants to govts., orgs., and individuals outside USA | $0 | $0 | |
| Benefits paid to or for members | $0 | $0 | |
| Compensation of current officers, etc. | $440,103 | $191,883 | 129.4% |
| Compensation not included above, to disqualified persons | $0 | $0 | |
| Non-officer salaries and wages | $666,084 | $634,386 | 5.0% |
| Pension/retirement accruals and contributions | $0 | $0 | |
| Other employee benefits | $146,143 | $112,069 | 30.4% |
| Payroll taxes | $78,614 | $63,918 | 23.0% |
| Management fees | $0 | $0 | |
| Legal fees | $44,771 | $67,906 | -34.1% |
| Accounting fees | $22,438 | $30,170 | -25.6% |
| Lobbying fees | $0 | $0 | |
| Pro. fundraising fees | $0 | $0 | |
| Investment mgmt fees | $0 | $0 | |
| Other fee-for-service | $525,496 | $150,671 | 248.8% |
| Advertising and promotion | $0 | $0 | |
| Office expenses | $169,299 | $63,521 | 166.5% |
| Information tech. expenses | $0 | $0 | |
| Royalty expenses | $0 | $0 | |
| Occupancy | $234,891 | $168,947 | 39.0% |
| Travel | $14,944 | $23,081 | -35.3% |
| Public official travel and entertainment | $0 | $0 | |
| Conferences, meetings, etc. | $0 | $0 | |
| Interest | $0 | $0 | |
| Payments to affiliates | $0 | $0 | |
| Depreciation, amortization, etc. | $89,577 | $70,707 | 26.7% |
| Insurance | $17,123 | $12,596 | 35.9% |
| All other expenses | $0 | $0 | |
| Total expenses | $2,449,483 | $1,589,855 | 54.1% |
| Field | 2018 | 2017 | % Change |
|---|
| Cash (non-interest-bearing) | $668,488 | $644,219 | 3.8% |
| Savings, short-term investments, etc. | $149,526,228 | $16,103,010 | 828.6% |
| Pledges and grants receivable | $0 | $0 | |
| Accounts receivable | $137,363 | $78,096 | 75.9% |
| Loans receivable from officers, directors, etc. | $0 | $0 | |
| Loans receivable from other disqualified persons | $0 | $0 | |
| Notes and loans receivable | $0 | $0 | |
| Inventories for use | $0 | $0 | |
| Prepaid expenses and deferred charges | $101,771 | $101,984 | -0.2% |
| Buildings, equipment, etc. post-depreciation | $120,965 | $125,307 | -3.5% |
| Investments, publicly traded securities | $0 | $0 | |
| Investments, other securities | $0 | $0 | |
| Investments, program-related | $0 | $0 | |
| Intangible assets | $0 | $0 | |
| Other assets | $41,917,012 | $26,768,619 | 56.6% |
| Total assets | $192,471,827 | $43,821,235 | 339.2% |
| Field | 2018 | 2017 | % Change |
|---|
| Accounts payable and accrued expenses | $78,954 | $20,457 | 286.0% |
| Grants payable | $0 | $0 | |
| Deferred revenue | $0 | $0 | |
| Tax-exempt bond liabilities | $0 | $0 | |
| Escrow or custodial account liability | $0 | $0 | |
| Loans payable to officers and disqualified persons | $8,481,263 | $9,681,263 | -12.4% |
| Secured mortgages and notes payable to unrelated third parties | $0 | $0 | |
| Unsecured notes and loans payable to unrelated third parties | $0 | $0 | |
| Other liabilities | $0 | $0 | |
| Total liabilities | $8,560,217 | $9,701,720 | -11.8% |
| Field | 2018 | 2017 | % Change |
|---|
| Unrestricted net assets | $53,911,611 | $34,119,515 | 58.0% |
| Temporarily restricted net assets | $129,999,999 | $0 | 999% |
| Permanently restricted net assets | $0 | $0 | |
Vendors for The Powerhouse Environmental Arts Foundation
| Vendor | Services | Amount paid | Date |
|---|
| Kimbia | Fundraising software | | 2020-06-19 |
| ███████ ███ ████ | Fundraising software; Payment processing | | 2020-06-19 |
| ████████ ███████ | Marketing software | | 2020-06-19 |
| ███████████ | Content management system software | | 2020-06-19 |
| ██████ ███ | Software | | 2018-10-26 |
| ████ ███ ████ ████ ███ | Tax accounting | | 2018-09-08 |
Personnel at The Powerhouse Environmental Arts Foundation
| Name | Title | Compensation | Most recent data |
|---|
| Katie Dixon | Executive Director | $163,835 | Sept. 8, 2018 |
| Joshua Rechnitz | President | $0 | June 30, 2017 |
Peer arts education organizations
| | Name | Type | Revenue | Location |
|---|
| 1 | 92nd Street Y (92Y) | 501(c)(3) | $83 million | New York, NY |
| 2 | The Shed / Shed Nyc Inc | 501(c)(3) | $74 million | New York, NY |
| 3 | Robert Rauschenberg Foundation (RRF) | 501(c)(3) | $56 million | New York, NY |
| 4 | Banff Centre | 501(c)(3) | $69 million | Canada, |
| 5 | Classical American Homes Preservation Trust (CAHPT) | 501(c)(3) | $90 million | New York, NY |
| 6 | Research Foundation of The City University of New York (RFCUNY) | 501(c)(3) | $600 million | New York, NY |
| 7 | John F Kennedy Center for the Performing Arts | 501(c)(3) | $326 million | Washington, DC |
| 8 | The Lawrence Foundation | 501(c)(3) | $58 million | Roslyn, NY |
| 9 | The Foundation for Agricultural Integrity | 501(c)(3) | $38 million | Hudson, NY |
| 10 | Ted | 501(c)(3) | $76 million | New York, NY |
| 11 | Burning Man Project | 501(c)(3) | $46 million | San Francisco, CA |
| 12 | Saint Ann's School | 501(c)(3) | $57 million | Brooklyn, NY |
| 13 | Henry Street Settlement | 501(c)(3) | $43 million | New York, NY |
| 14 | Feinberg Graduate School of the Weizmann Institute of Science | 501(c)(3) | $152 million | New York, NY |
| 15 | Advance Care Alliance of NY | 501(c)(3) | $103 million | New York, NY |
| 16 | Friends of Crown Heights Educational Centers (FOCH) | 501(c)(3) | $38 million | Brooklyn, NY |
| 17 | Children's Museum of Manhattan (CMOM) | 501(c)(3) | $47 million | New York, NY |
| 18 | Callen-Lorde Community Health Center | 501(c)(3) | $90 million | New York, NY |
| 19 | Planned Parenthood of New York City (PPNYC) | 501(c)(3) | $57 million | New York, NY |
| 20 | Advertising Council | 501(c)(3) | $50 million | New York, NY |
| 21 | New York Genome Center (NYGC) | 501(c)(3) | $128 million | New York, NY |
| 22 | Brooklyn Defender Services (BDS) | 501(c)(3) | $49 million | Brooklyn, NY |
| 23 | American Museum of Natural History | 501(c)(3) | $219 million | New York, NY |
| 24 | American Arbitration Association | 501(c)(3) | $108 million | New York, NY |
| 25 | Council on Foreign Relations (CFR) | 501(c)(3) | $140 million | New York, NY |