The Powerhouse

Tax-deductible

Durango, CO501(c)(3)Since 1994Arts & CultureEIN 84-1310757

The powerhouse is southwest colorados steam engine empowering curious young learners through interactive experiences, discovery and play.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 35 volunteers and 46 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $66K a year · 7% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$85K
to officers and key staff · 7% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$702K
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+31% vs prior year
Spent
$1.3M
To programs
78%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$1.6M
FY2025▲ +31%
Revenue by fiscal year
FY2020$550K
FY2021$774K
FY2022$861K
FY2023$1.0M
FY2024$1.2M
FY2025$1.6M
Expenses
$1.3M
FY2025▲ +10%
Expenses by fiscal year
FY2020$899K
FY2021$846K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M
Net assets
$2.5M
FY2025▲ +9%
Net assets by fiscal year
FY2020$3.1M
FY2021$2.9M
FY2022$2.6M
FY2023$2.4M
FY2024$2.3M
FY2025$2.5M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CThe Powerhouse
EINHdr · item D84-1310757
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1996
Year of formationHdr · item L1994
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CDurango, CO
NTEE classificationIRS BMFArts & Culture (A520)
WebsiteHdr · item Jwww.powsci.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.15 Fundraising $0.08
Program services78%$1.0M
Management & general15%$189K
Fundraising8%$99K
Total functional expensesLn 25$1.3M

Financial health

Is it on solid ground?

Program efficiency
78%
of spending reaches programs+0.2% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▲ +21% vs prior filing year
Surplus margin
+19%
revenue over expenses, this year▲ +479% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$3.2M
FY2025▲ +10%
Total assets by fiscal year
FY2020$3.3M
FY2021$3.5M
FY2022$3.2M
FY2023$3.0M
FY2024$2.9M
FY2025$3.2M
Total liabilities
$702K
FY2025▲ +15%
Total liabilities by fiscal year
FY2020$219K
FY2021$603K
FY2022$606K
FY2023$628K
FY2024$608K
FY2025$702K
Revenue less expensesPt I · Ln 19$300K
Total assetsPt X · Ln 16$3.2M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$686K
Total assetsLn 16$3.2M
Total liabilitiesLn 26$702K
Total net assetsLn 32$2.5M
Months of cash on handcomputed6.4

Statement of Revenue

Part VIII
Contributions & grants$853K · 54%
Program service revenue$771K · 48%
Contributions & grants54%$853K
Program service revenue48%$771K
— government grantsLn 1e$341K
Total revenueLn 12$1.6M

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $686K · Operating expenses/yr $1.3M
6.4 months
Where the money goes
Program services
Program services $1.0M · Total expenses $1.3M
78%
Management & General
Management & general $189K · Total expenses $1.3M
15%
Fundraising
Fundraising $99K · Total expenses $1.3M
8%
Cost to raise $1
Fundraising expense (3-yr avg) $98K · Solicited contributions (3-yr avg) $335K
$0.29 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $853K · Total revenue $1.6M
54%
Government reliance
Government grants $341K · Total revenue $1.6M
21%
Earned-income share
Program service revenue $771K · Total revenue $1.6M
48%
Investment reliance
Investment income −$14K · Total revenue $1.6M
-0.9%
Program self-sufficiency
Program service revenue $771K · Total expenses $1.3M
60%
Growth & trend
Revenue growth (YoY)
This year $1.6M · Prior year $1.2M
+31%
Revenue CAGR
FY2020 $550K · FY2025 $1.6M
+24%
Net-asset trend (YoY)
End of year $2.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.6M · Expenses $1.3M
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $3.2M
—
Net-asset ratio
Net assets $2.5M · Total assets $3.2M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $3.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jeff Susor · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $1.3M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $607K · Total expenses $1.3M
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%——
Overhead ratio 15%——
Fundraising cost ratio 12%——
Revenue growth 31%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$85,296Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jeff Susor’s $85K as Executive Director is at the 22nd percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeff Susor$85,296$83,858$80,573$70,687$63,396$63,020
Wayne Labar—————$10,622

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.

See The Powerhouse executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Ignites imagination and sparks curiosity to power exploration.

Provided by the organization

This section is blank until The Powerhouse claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $938K of program spending, described in the organization's own filed words · FY2025.
01

Gallery

In 2025, The Powerhouse continued to serve Southwest Colorado with engaging, hands-on, science-focused experiences while advancing plans for the future of our exhibits and spaces. Even as we look ahead, we remain deeply committed to delivering high-quality, interactive learning opportunities for the families we serve today.

$412Kprogram expense
02

Education

In 2025, The Powerhouse continued to deliver engaging, hands-on science experiences to youth and families across Southwest Colorado through a combination of in-museum programming and expanded regional outreach.

$403Kprogram expense
03

Strategic Initiatives

In 2025, The Powerhouse advanced several key priorities outlined in its Strategic Plan, with a focus on exhibit planning, campus and facility improvements, and the development of an early childhood education center. These efforts reflect a coordinated approach to strengthening both current programming and long-term sustainability.

$123Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$40K
Grants paid · 1 grant · $27K · 2022–2022

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $1.6M$1.3M+31% 990 PDF
FY2024 $1.2M$1.2M+21% 990 PDF
FY2023 $1.0M$1.1M+17% 990 PDF
FY2022 $861K$1.0M+11% 990 PDF
FY2021 $774K$846K+41% 990 PDF
FY2020 $550K$899K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2025

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $1,291,368 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $32,036 · Management $13,613 · Fundraising $39,647$85,296
IX-7 Other salaries and wagesPrograms $380,652 · Management $48,291 · Fundraising $21,761$450,704
IX-9 Other employee benefitsPrograms $16,810 · Management $3,755 · Fundraising $2,578$23,143
IX-10 Payroll taxesPrograms $38,721 · Management $3,763 · Fundraising $5,811$48,295
IX-11b Legal feesPrograms $55 · Management $740$795
IX-11c Accounting feesPrograms $8,158 · Management $40,938 · Fundraising $674$49,770
IX-11g Other fees for servicesPrograms $117,777 · Management $14,785 · Fundraising $6,216$138,778
IX-12 Advertising and promotionPrograms $749 · Management $1,622$2,371
IX-13 Office expensesPrograms $8,785 · Management $684 · Fundraising $3,110$12,579
IX-14 Information technologyPrograms $6,513 · Management $595 · Fundraising $910$8,018
IX-16 OccupancyPrograms $25,353 · Management $14,979 · Fundraising $411$40,743
IX-17 TravelPrograms $15,684 · Management $1,987 · Fundraising $2,284$19,955
IX-20 InterestManagement $13,418$13,418
IX-22 Depreciation, depletion and amortizationPrograms $174,337 · Management $17,534 · Fundraising $116$191,987
IX-23 InsurancePrograms $23,060 · Management $2,910 · Fundraising $368$26,338
IX-24 Other expenses (24a–d)Programs $142,866 · Management $8,517 · Fundraising $12,123$163,506
IX-24e All other expensesPrograms $11,999 · Management $1,102 · Fundraising $2,571$15,672
IX-25 Total functional expensesPrograms $1,003,555 · Management $189,233 · Fundraising $98,580$1,291,368

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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