Overview
What is The Powerhouse?
The Powerhouse, located in Durango, Colorado (1333 CAMINO DEL RIO), is a nonprofit organization with a mission to stimulate curiosity, fuel imagination, and encourage exploration. After overcoming two years of significant disruption due to the pandemic, visitor numbers have surpassed pre-pandemic levels by nearly 10%. The organization has recently hosted two captivating exhibitions, Medieval to Metal: The Art & Evolution of the Guitar and Roots of Wisdom: Native Knowledge, to enrich the local community's experiences. With a dedicated workforce of 46 individuals, The Powerhouse's activities are geared towards igniting creativity and fostering a spirit of discovery.
Official website here: www.powsci.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Powerhouse has received an 81% rating from Charity Navigator, reflecting a solid performance in accountability and financial management. This score is derived solely from the Accountability & Finance beacon, which highlights the organization's strong governance practices and transparency. The presence of an entirely independent board and the absence of material asset diversion contribute positively to its overall rating.
Strengths of The Powerhouse include an impressive program expense ratio of 78.17%, indicating that a significant majority of its expenditures are directed towards its mission-related programs. The organization has also implemented various policies, such as a conflict of interest policy and a whistleblower policy, demonstrating a commitment to ethical operations and accountability. The board’s independent structure further enhances confidence in its governance.
Despite its strengths, the overall rating is based exclusively on financial and accountability metrics, which may not provide a comprehensive picture of the organization's impact and effectiveness in its mission. While the available data points to good practices, potential donors and supporters may want to seek additional information about the organization's program outcomes and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Powerhouse legitimate?
The Powerhouse is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Powerhouse 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: $80,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $390,458
For more financial information, click here
Official website here: www.powsci.org
What is the mission statement of The Powerhouse?
The mission of The Powerhouse is centered around stimulating curiosity, fueling imagination, and encouraging exploration. By implementing this mission, the organization aims to create an environment that ignites the curiosity and imagination of its visitors, ultimately empowering them to delve deeper into various subjects. Post-pandemic disruptions, visitor numbers at The Powerhouse have surpassed 2019 levels by nearly 10%, indicating a successful rebound. The organization has also introduced two visiting exhibitions, such as "Medieval to Metal: The Art & Evolution of the Guitar" and "Roots of Wisdom: Native Knowledge," to provide fresh experiences and share scientific insights with its audience.
Official website here: www.powsci.org
What is the revenue of The Powerhouse?
The Powerhouse's revenue in 2023 was $1,003,650.
Official website here: www.powsci.org
Who are the executives of The Powerhouse and what are their salaries?
The average compensation at The Powerhouse during 2023 was $10,705. There are 44 employees and 40 volunteers at The Powerhouse.
Here are 9 key members and their salaries:
- Compensation: $80,573
- Related: $0
- Other: $2,417
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.powsci.org
Where can I find the form 990 for The Powerhouse?
The Powerhouse's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.powsci.org
Learn more at the official website: www.powsci.org
Mission Statement of The Powerhouse
The Powerhouse, as an organization, is committed to fostering curiosity and encouraging imagination, aiming to empower exploration. Its mission is centered on igniting the spark of curiosity within individuals and fueling their imagination, thereby encouraging them to delve deeper into their interests. This nonprofit strives to create an environment that encourages exploration and discovery, allowing individuals to gain a deeper understanding of various subjects.
The Powerhouse achieves this mission by hosting exhibitions that cater to diverse interests. Recently, the organization has witnessed a significant increase in visitor numbers, surpassing the 2019 levels by nearly 10%. This surge in attendance can be attributed to two visiting exhibitions that The Powerhouse introduced to the region: "Medieval to Metal: The Art & Evolution of the Guitar" and "Roots of Wisdom: Native Knowledge." These exhibitions brought fresh experiences to the community, allowing visitors to engage with history, art, and culture in innovative ways. The Powerhouse's mission to spark curiosity and ignite imagination is evident in its ability to attract and engage visitors through these exhibitions.
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Impact
July, 2024
The Powerhouse has had a significant impact on its community in Durango, CO. The organization's mission to spark curiosity, ignite imagination, and power exploration has resonated with visitors, leading to a resurgence in gallery attendance. Despite two years of major disruptions due to the pandemic, visitor numbers have returned to normal and even exceeded 2019 levels by almost 10%. The Powerhouse has also enriched the cultural landscape by hosting two visiting exhibitions, "Medieval to Metal: The Art & Evolution of the Guitar" and "Roots of Wisdom: Native Knowledge," bringing fresh experiences to the region. Through these initiatives and its focus on shared science, The Powerhouse continues to make a tangible impact on the arts scene in Durango.
This information is meant to be a general summary of The Powerhouse. 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 2023.
- Investment Income: $7,666
- Program Service Revenue: $758,231
- Gross Receipts: $1,086,638
Assets and Liabilities:
- Total Assets: $3,214,592
- Total Liabilities: $605,617
- Net Assets: $2,608,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUES
Revenue
$556,327
EVENT INCOME
Revenue
$48,488
EVENT INCOME
Revenue
$89,175
MEMBERSHIPS
Revenue
$64,241
Organization Details
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