The Powerhouse FY2022 filing

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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.
81¢ of each $1 spent went to programs.
$71K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$71K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.2 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
$606K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$861K
+11% vs prior year
Spent
$1.0M
To programs
81%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$861K
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$550K
FY2021$774K
FY2022$861K
FY2023$1.0M
FY2024$1.2M
FY2025$1.6M
Expenses
$1.0M
FY2022▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2020$899K
FY2021$846K
FY2022$1.0M
FY2023$1.1M
FY2024$1.2M
FY2025$1.3M
Net assets
$2.6M
FY2022▼ -10%
Tap a bar for its year
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $837K Management & general 14% · $141K Fundraising 5% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $71K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$70,687Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$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 →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Ignites imagination and sparks curiosity to power exploration.

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3 programs · $837K · in their own filed words · FY2022
01

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.

$540Kprogram expense
02

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…

$253Kprogram expense
03

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.

$45Kprogram expense

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$861K
Ln 12
Fees for servicesLn 2g$530K
Gifts and grantsLn 1h$364K
Investment incomeLn 3$435
Money outPt IX
$1.0M
Ln 25
Programscol B$837K
Managementcol C$141K
Fundraisingcol D$56K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$537K
Total assetsLn 16$3.2M
LiabilitiesLn 26$606K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$364K
Government grantsLn 1e$122K
Fees for servicesLn 2g$530K
Investment incomeLn 3$435
Gains on assetsLn 7−$16K
Total revenueLn 12$861K
Assets in detailPt X, end of year
CashLn 1$164K
SavingsLn 2$373K
Cash and savings togetherLn 1–2$537K
Pledges and grants receivableLn 3$971K
Accounts receivableLn 4$48K
Inventories for sale or useLn 8$6K
Prepaid expenses and deferred chargesLn 9$12K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$3.2M
LiabilitiesLn 26$606K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 546
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$576K$537K
Land, buildings, equipmentLn 10c$1.8M$1.6M
Total assetsLn 16$3.5M$3.2M
LiabilitiesLn 26$603K$606K
Net assetsLn 32$2.9M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$27K$27K
Pay of current officers, directors and key staffLn 5$71K$28K$18K$25K
Other salaries and wagesLn 7$284K$252K$18K$13K
Other employee benefitsLn 9$6K$3K$1K$1K
Payroll taxesLn 10$35K$26K$6K$3K
Legal feesLn 11b$358$358
Accounting feesLn 11c$53K$4K$49K$458
Other fees for servicesLn 11g$66K$58K$7K$1K
Advertising and promotionLn 12$11K$10K$1K$13
Office expensesLn 13$18K$11K$83$7K
Information technologyLn 14$6K$5K$359$457
OccupancyLn 16$36K$29K$6K
TravelLn 17$19K$17K$2K$466
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$182K$173K$9K$117
InsuranceLn 23$16K$13K$2K$318
Other expenses (24a–d)Ln 24$185K$177K$5K$4K
All other expensesLn 24e$5K$5K$56
Total functional expensesLn 25$1.0M$837K$141K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 26, 2026 $1.6M$1.3M$300K$2.5M 990 PDF
FY2024Filed with the IRS May 27, 2025 $1.2M$1.2M$39K$2.3M 990 PDF
FY2023Filed with the IRS May 23, 2024 $1.0M$1.1M−$142K$2.4M 990 PDF
FY2022 ViewingFiled with the IRS Aug 1, 2023 $861K$1.0M−$173K$2.6M 990 PDF
FY2021Filed with the IRS Sep 23, 2022 $774K$846K−$72K$2.9M 990 PDF
FY2020Filed with the IRS Jul 22, 2021 $550K$899K−$349K$3.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $861,407 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $463,187$363,791
I-9 Program service revenuePrior year $344,765$529,561
I-10 Investment incomePrior year −$20,776−$15,150
I-11 Other revenuePrior year −$12,753−$16,795
I-12 Total revenuePrior year $774,423$861,407
I-13 Grants and similar amounts paid$27,443
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $325,859$395,047
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $520,428$612,226
I-18 Total expensesPrior year $846,287$1,034,716
I-19 Revenue less expensesPrior year −$71,864−$173,309
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $861,407 across 9 lines filed
Lines not itemized here account for −$21,163 of total revenue; see the IRS return.
VIII-1e Government grants$122,282
VIII-1f All other contributions, gifts and grants$241,509
VIII-1h Total contributions, gifts and grants$363,791
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $429,940 · Unrelated business $99,621$529,561
VIII-3 Investment incomeExcluded from tax $435$435
VIII-7 Net gain or loss on sales of assetsRelated to mission −$15,585−$15,585
VIII-8 Net income from fundraising eventsExcluded from tax $2,455$2,455
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,913$1,913
VIII-12 Total revenueRelated to mission $395,105 · Unrelated business $99,621 · Excluded from tax $2,890$861,407
Part IX · Statement of functional expenses $1,034,716 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $27,443$27,443
IX-5 Pay of current officers, directors and key staffPrograms $27,567 · Management $17,673 · Fundraising $25,447$70,687
IX-7 Other salaries and wagesPrograms $251,828 · Management $18,292 · Fundraising $13,433$283,553
IX-9 Other employee benefitsPrograms $3,173 · Management $1,465 · Fundraising $1,028$5,666
IX-10 Payroll taxesPrograms $25,988 · Management $6,254 · Fundraising $2,899$35,141
IX-11b Legal feesPrograms $358$358
IX-11c Accounting feesPrograms $4,153 · Management $48,503 · Fundraising $458$53,114
IX-11g Other fees for servicesPrograms $57,665 · Management $7,056 · Fundraising $1,195$65,916
IX-12 Advertising and promotionPrograms $9,697 · Management $1,321 · Fundraising $13$11,031
IX-13 Office expensesPrograms $10,931 · Management $83 · Fundraising $7,093$18,107
IX-14 Information technologyPrograms $4,839 · Management $359 · Fundraising $457$5,655
IX-16 OccupancyPrograms $29,076 · Management $6,483$35,559
IX-17 TravelPrograms $16,782 · Management $1,905 · Fundraising $466$19,153
IX-20 InterestManagement $14,972$14,972
IX-22 Depreciation, depletion and amortizationPrograms $172,957 · Management $9,245 · Fundraising $117$182,319
IX-23 InsurancePrograms $13,189 · Management $2,496 · Fundraising $318$16,003
IX-24 Other expenses (24a–d)Programs $176,884 · Management $4,811 · Fundraising $3,545$185,240
IX-24e All other expensesPrograms $4,743 · Management $56$4,799
IX-25 Total functional expensesPrograms $837,273 · Management $140,974 · Fundraising $56,469$1,034,716
Part X · Balance sheet $3,214,592 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $501,201$163,704
X-2 Savings and temporary cash investmentsStart of year $75,034$373,401
X-3 Pledges and grants receivableStart of year $1,074,014$970,910
X-4 Accounts receivableStart of year $4,175$48,169
X-8 Inventories for sale or useStart of year $3,534$5,648
X-9 Prepaid expenses and deferred chargesStart of year $25,287$12,017
X-10c Land, buildings and equipment, netStart of year $1,804,951$1,640,743
X-16 Total assetsStart of year $3,488,196$3,214,592
X-17 Accounts payable and accrued expensesStart of year $60,743$62,925
X-19 Deferred revenueStart of year $42,065$42,692
X-24 Unsecured notes and loans payableStart of year $500,000$500,000
X-26 Total liabilitiesStart of year $602,808$605,617
X-27 Net assets without donor restrictionsStart of year $1,787,634$1,590,089
X-28 Net assets with donor restrictionsStart of year $1,097,754$1,018,886
X-32 Total net assets or fund balancesStart of year $2,885,388$2,608,975
X-33 Total liabilities and net assetsStart of year $3,488,196$3,214,592
Part XI · Reconciliation of net assets $2,608,975 net assets at year end
XI-1 Total revenue$861,407
XI-2 Total expenses$1,034,716
XI-3 Revenue less expenses−$173,309
XI-4 Net assets at start of year$2,885,388
XI-6 Donated services and use of facilities−$103,104
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,608,975

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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