Overview
What is Powerhouse Arts Inc?
Powerhouse Arts Inc is a Brooklyn-based, not-for-profit organization devoted to creative expression. Situated in a purpose-built facility, Powerhouse has an extensive network of art and fabrication professionals and educators, working collaboratively to co-create and share artistic practices. They specialize in ceramic and print art, as well as public art, supporting artists from concept development to project execution and installation. Powerhouse's mission is to contribute positively to the wellbeing of artists and the communities they belong to, employing a team of 57 individuals.
Official website here: www.powerhousearts.org
What are the reviews and ratings of this charity?
**Powerhouse Arts Inc: Charity Navigator Rating 83% (Three-Star out of Four Stars)**tar)**
Powerhouse Arts Inc has earned an 83% rating from Charity Navigator, reflecting a strong focus on Accountability & Finance. This score reveals a commitment to transparency and governance practices, as evidenced by the majority of board members being independent and well-structured financial oversight processes.
The organization demonstrates a solid financial health assessment, highlighted by its low liabilities-to-assets ratio and a considerable proportion of expenses dedicated to programs. However, certain policies, such as the whistleblower and document retention policies, are missing, which could raise concerns regarding operational transparency and accountability.
While specific user reviews from GreatNonprofits could not be fetched, the absence of this data limits the insight into the community's direct feedback and overall sentiment toward the organization. Overall, Powerhouse Arts Inc displays strengths in governance and financial management but needs to address gaps in policy documentation and constituent feedback to enhance its operational credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Powerhouse Arts Inc legitimate?
Powerhouse Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Powerhouse Arts Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $840,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,099,791
For more financial information, click here
Official website here: www.powerhousearts.org
What is the mission statement of Powerhouse Arts Inc?
Powerhouse Arts Inc is a non-profit organization dedicated to fostering creative expression. It provides a platform for a network of artists and educators in the field of art and fabrication, who collaborate within the organization's purpose-built facility. Their mission is to co-create and disseminate artistic practices that contribute to the wellbeing of artists and the communities they engage with. By working together, they aim to share knowledge and resources, thereby enriching the artistic landscape and promoting creative growth.
Official website here: www.powerhousearts.org
What is the revenue of Powerhouse Arts Inc?
Powerhouse Arts Inc's revenue in 2024 was $8,787,610.
Official website here: www.powerhousearts.org
Who are the executives of Powerhouse Arts Inc and what are their salaries?
The average compensation at Powerhouse Arts Inc during 2024 was $65,875. There are 75 employees and 7 volunteers at Powerhouse Arts Inc.
Here are 15 key members and their salaries:
- Compensation: $0
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- Other: $0
- Compensation: $397,899
- Related: $0
- Other: $16,445
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- Other: $0
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- Other: $0
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- Compensation: $240,799
- Related: $0
- Other: $19,495
- Compensation: $147,899
- Related: $0
- Other: $22,869
- Compensation: $148,689
- Related: $0
- Other: $69,082
- Compensation: $134,345
- Related: $0
- Other: $55,546
- Compensation: $118,063
- Related: $0
- Other: $40,093
- Compensation: $123,504
- Related: $0
- Other: $34,093
- Compensation: $123,267
- Related: $0
- Other: $16,659
Official website here: www.powerhousearts.org
Where can I find the form 990 for Powerhouse Arts Inc?
Powerhouse Arts Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.powerhousearts.org
Learn more at the official website: www.powerhousearts.org
Mission Statement of Powerhouse Arts Inc
Powerhouse Arts Inc is a not-for-profit organization dedicated to fostering creative expression. Housed in a purpose-built facility, this organization brings together an extensive network of art and fabrication professionals and educators. They collaborate and share their artistic practices, which are vital to the wellbeing of artists and the communities they belong to. Powerhouse Arts Inc's mission is to provide a platform for these individuals to co-create and disseminate their artistic work, thereby enriching both the artists and the communities they serve.
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Impact
July, 2024
Powerhouse Arts Inc's impact can be seen in the vibrant creative expression it fosters within the community. By providing a purpose-built facility in Brooklyn where artists and fabrication professionals collaborate on projects, Powerhouse Arts enables the sharing of artistic practices essential for the wellbeing of artists and their communities. Through initiatives like the Fabricator Program, which specializes in ceramic, print, and public art, Powerhouse Arts facilitates the development and installation of meaningful artistic projects at all stages. This organization plays a vital role in enriching the cultural landscape of Brooklyn and supporting artists in their creative endeavors.
This information is meant to be a general summary of Powerhouse Arts Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $5,406,632
- Program Service Revenue: $2,845,584
- Gross Receipts: $8,787,610
Assets and Liabilities:
- Total Assets: $191,125,133
- Total Liabilities: $6,795,851
- Net Assets: $184,329,282
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE, NET
Revenue
$2,845,584
Organization Details
Founding Year
2012
Principal Officer
Eric Shiner
Website
www.powerhousearts.orgNTEE Category
Code: A25 - Arts
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