Powerhouse Foundation EIN 82-2525076 Form 990 (PDF) Claim this org

Powerhouse Foundation

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Meets community needs—physical, spiritual, financial, emotional—to glorify Jesus Christ. For fiscal year 2024 it reported $556K in revenue, $585K in expenses, and $94K in net assets.Pt I

Type
Religious organization · Religion
Location
Crowley, TX
Filings
5 on file (2020–2024)
Revenue
$556KFY2024
Expenses
$585K
Net assets
$94K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-2525076 Religious organization Crowley, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Meets community needs—physical, spiritual, financial, emotional—to glorify Jesus Christ.
Leadership
Gayle Teeter · Executive Director · $30K
Money in and out
$556K revenue, $585K expenses
Bottom line
60% program efficiency
Where the money goes · FY2024
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$585K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$28K
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.06 Fundraising $0.34
Program efficiency
60%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
1.2mo
months of highly liquid reserves at operating expense rate▼ -48% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -131% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$556K
FY2024▼ -41%
Expenses
$585K
FY2024▼ -26%
Total assets
$94K
FY2024▼ -56%
Total liabilities
$0
FY2024▼ -100%
Total revenue
$556K
Pt VIII · Ln 12
Total expenses
$585K
Pt IX · Ln 25
Net assets
$94K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$28K
Total assetsPt X · Ln 16$94K
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $336K of program spending, described in the organization's own filed words · FY2024.
01

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

$241Kprogram expense
02

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

$90Kprogram expense
03

Angel Tree

worked with Crowley school district to provide children and families with Christmas gifts in 2023

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPowerhouse Foundation
EINHdr · item D82-2525076
Principal addressHdr · item CCrowley, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X99)
Ruling yearIRS BMFMar 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$30,000Pt VII · Sec A
Treasurer
$6,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Gayle Teeter’s $30K as Executive Director is at the 29th percentile of top reported officer pay among 2136 $100K–1M religion nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gayle Teeter$30,000$30,000$30,000$11,250
Ali Hargrave$14,000$13,000
David Bream$6,000$6,000$6,046$2,280

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$526K · 95%
Program service revenue$30K · 5%
Contributions & grants95%$526K
Program service revenue5%$30K
Investment income$5
Total revenueLn 12$556K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.06 Fundraising $0.34
Program services60%$350K
Management & general6%$38K
Fundraising34%$197K
Total functional expensesLn 25$585K

Balance Sheet

Part X · end of year
CashLn 1$59K
Total assetsLn 16$94K
Total liabilitiesLn 26$0
Total net assetsLn 32$94K
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $59K · Operating expenses/yr $585K
1.2 months
Where the money goes
Program services
Program services $350K · Total expenses $585K
60%
Management & General
Management & general $38K · Total expenses $585K
6%
Fundraising
Fundraising $197K · Total expenses $585K
34%
Cost to raise $1
Fundraising expense (3-yr avg) $154K · Solicited contributions (3-yr avg) $639K
$0.24 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $526K · Total revenue $556K
95%
Government reliance
Government grants — · Total revenue $556K
Earned-income share
Program service revenue $30K · Total revenue $556K
5%
Investment reliance
Investment income $5 · Total revenue $556K
<0.01%
Program self-sufficiency
Program service revenue $30K · Total expenses $585K
5%
Growth & trend
Revenue growth (YoY)
This year $556K · Prior year $946K
-41%
Revenue CAGR
FY2020 $2.1M · FY2024 $556K
-28%
Net-asset trend (YoY)
End of year $94K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $556K · Expenses $585K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $94K
Net-asset ratio
Net assets $94K · Total assets $94K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $94K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gayle Teeter · Reported title Executive Director · Highest reported compensation $30K · Total expenses $585K
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $42K · Total expenses $585K
7%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 6%
Fundraising cost ratio 37%
Revenue growth -41%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$376K
Grants paid · 37 grants · $2.5M · 2020–2024
Unitemized GrantFY2024$9,200
Freed PeopleTX · FY2023$162,500
Chisholm Trail 100 Club INCFY2023$10,000
Support Our SoldiersTX · FY2023$6,000
Support Our SoldiersTX · FY2023$6,000
American Cancer Society INCGA · FY2022$114,100
Unitemized GrantFY2022$46,509
Unitemized GrantFY2022$13,328
Healing Shepherd ClinicTX · FY2022$10,000
Support Our SoldiersTX · FY2022$6,000
Center for AsdTX · FY2021$10,000
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$556K revenue · viewing · ⤓ 990 PDF
FY2023$946K revenue · ⤓ 990 PDF
FY2022$475K revenue · ⤓ 990 PDF
FY2021$255K revenue · ⤓ 990 PDF
FY2020$2.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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