2023-09-14T10:19:08-05:00 2022-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-07-01 460776852 POWERHOUSE ARTS INC POWE 7185221400 322 3RD AVENUE BROOKLYN NY 11215 STEVEN BATTAGLIA EXECUTIVE DIRECTOR 7185221400 2023-08-14 1 STEVEN BATTAGLIA 999009999 FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z X STEVEN BATTAGLIA 322 3RD AVENUE BROOKLYN NY 11215 10355854 0 X WWW.POWERHOUSEARTS.ORG X 2012 DE POWERHOUSE IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO CREATIVE EXPRESSION. HOUSED IN A PURPOSE-BUILT FACILITY IN BROOKLYN, THE ORGANIZATION HOSTS AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES VITAL TO THE WELLBEING OF ARTISTS AND THE COMMUNITIES TO WHICH THEY BELONG. 2 2 57 2 0 0 350000 1845427 917146 1113886 771784 1396541 400000 6000000 2438930 10355854 874 675 0 0 3749845 3042350 0 0 61280 1484841 2370031 5235560 5413056 -2796630 4942798 187718007 191125133 8331523 6795851 179386484 184329282 X POWERHOUSE IS A NOT-FOR-PROFIT ORGANIZATION COMMITTED TO CREATIVE EXPRESSION. HOUSED IN A PURPOSE-BUILT FACILITY IN BROOKLYN, THE ORGANIZATION HOSTS AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES VITAL TO THE WELLBEING OF ARTISTS AND THE COMMUNITIES TO WHICH THEY BELONG. 0 0 3041066 675 1113886 FABRICATOR PROGRAMTHROUGH THIS PROGRAM, POWERHOUSE ARTS WORKS COLLABORATIVELY WITH ARTISTS ON PROJECTS AT ALL STAGES - FROM CONCEPT DEVELOPMENT TO PROJECT EXECUTION TO INSTALLATION. POWERHOUSE SPECIALIZES IN CERAMIC AND PRINT AND PUBLIC ART. 388645 COMMUNITY ENGAGEMENT AND PARTNERSHIPSTHROUGH THIS PROGRAM, POWERHOUSE ARTS WILL BECOME A MEANINGFUL HOME TO AN EXTENDED NETWORK OF ART AND FABRICATION PROFESSIONALS AND EDUCATORS WHO WORK TOGETHER TO CO-CREATE AND SHARE ARTISTIC PRACTICES. THE PROGRAM TEAM WILL BUILD THESE RELATIONSHIPS WITH EDUCATIONAL AND PUBLIC PROGRAMMING. 56073 CERAMIC MEMBER STUDIO PROGRAMPOWERHOUSE ARTS CONTINUED TO ADVANCE PLANNING AND DEVELOPMENT OF AN INDEPENDENT PRODUCTION PROGRAM AS THE CERAMIC MEMBER PROGRAM. MEMBERSHIP TO THE CERAMIC MEMBER STUDIO WILL PROVIDE FLEXIBLE ACCESS TO MEMBERS-ONLY WORKSHOP FACILITIES TO THOSE WHO HAVE DEMONSTRATED THE ABILITY TO WORK INDEPENDENTLY AND SAFELY. 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OF BUSINESS DEVELOPMENT 40.00 X 112582 0 24747 KATIE DIXON CEO (TO JUN 2021) 40.00 X 304933 0 24642 1229504 0 134658 8 1 1 0 ROBERTS & HOLLAND LLP 1675 BROADWAY AP 17TH FLOOR NEW YORK NY 10019 LEGAL SERVICES 163381 BURCHMAN TERRIO GEBHARDT & QUIST PO BOX 22528 NEW YORK NY 10087 FINANCIAL MANAGEMENT SERVICES 162696 2 1080127 765300 415300 1845427 PROGRAM REVENUE 323100 1113886 1113886 1113886 1396541 1396541 PROJECT DEVELOPMENT FEE 531390 6000000 6000000 6000000 10355854 1113886 0 7396541 675 675 629355 212420 416935 1822327 1411389 370601 40337 372697 248381 117897 6419 217971 144486 69877 3608 133229 590 132639 36000 36000 6162 6162 456351 145789 309116 1446 681050 513126 163614 4310 728927 567836 156640 4451 1856 1418 426 12 212449 150769 61680 114007 88905 24405 697 5413056 3485784 1865992 61280 456396 311656 51669873 10744859 538165 157261 148331 232560 9246761 638152 429340 8608609 134475902 171070188 187718007 191125133 704005 614588 16128 0 6531263 6181263 1080127 0 8331523 6795851 X 52165142 183861328 127221342 467954 179386484 184329282 187718007 191125133 4942798 0 X 0 1 X 1 0 X 149199999 1200000 410000 350000 1845427 153005426 806010 1077715 954510 917146 1113886 4869267 150006009 2277715 1364510 1267146 2959313 157874693 1200000 1200000 400000 350000 350000 3500000 0 1200000 1200000 400000 350000 350000 3500000 154374693 227475 2310540 2878751 771784 1396541 7585091 227475 2310540 2878751 771784 1396541 7585091 2007837 400000 6000000 8407837 152241321 4588255 4243261 2438930 10355854 173867621 0.88790 0.92780 0.04360 0.03330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6176400 6176400 1087897 1087897 1982464 638152 1344312 8608609 INVESTMENT IN SUBSIDIARY - GEMINI ARTS INITIATIVE, INC. 170549824 ARTWORK 509000 SECURITY DEPOSITS 11364 171070188 X X 1 0 0 0 0 0 0 0 0 STEVEN M BATTAGLIA INTERIM CO-EXECUTIVE DIRECTOR 152704 0 0 0 0 0 2057 0 6479 0 161240 0 0 0 ANIKA E SELHORST INTERIM CO-EXECUTIVE DIRECTOR 130674 0 0 0 0 0 15048 0 14464 0 160186 0 0 0 JESSICA LYSONS TO SEP 2021 DIR. OF FINANCE & ADMINISTRATION 143564 0 0 0 12027 0 19500 0 6455 0 181546 0 0 0 KATIE DIXON CEO (TO JUN 2021) 132818 0 0 0 172115 0 19500 0 5142 0 329575 0 137500 0 PART I, LINE 4A KATIE DIXON, CEO THROUGH JUNE 2021, RECEIVED $137,500 OF SEVERANCE PAYMENTS DURING CALENDAR YEAR 2021 PURSUANT TO A SEPARATION AGREEMENT. JOSHUA RECHNITZ PRESIDENT (TO MAY 2021) NON-INTEREST BEARING LOAN FOR OPERATIONS X 11351263 6181263 0 1 1 6181263 X EQUIPMENT 4 415300 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B POWERHOUSE DOES NOT HAVE ANY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY POWERHOUSE'S PRESIDENT, EXECUTIVE DIRECTOR, AND DIRECTOR OF FINANCE, AND IS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO POWERHOUSE'S BY LAWS, POWERHOUSE SHALL ENTER INTO A TRANSACTION WITH AN INTERESTED PARTY ONLY IF THE BOARD IS MADE AWARE OF THE TRANSACTION AND THE MAJORITY OF THE DIRECTORS APPROVE THE TRANSACTION AS BEING FAIR AND IN THE BEST INTERESTS OF POWERHOUSE. ANY DIRECTOR WHO IS OR HAS AN INTEREST IN OR IS RELATED TO THE INTERESTED PARTY THAT IS A PARTY TO A PROPOSED TRANSACTION SHALL NOT BE CONSIDERED A DIRECTOR, SHALL NOT PARTICIPATE IN THE VOTE ON THE TRANSACTION, AND SHALL NOT ATTEND ANY MEETING WHILE THE APPROVAL OF THE TRANSACTION IS CONSIDERED. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION OF POWERHOUSE'S CO-EXECUTIVE DIRECTORS WAS DETERMINED BASED ON A REVIEW OF COMPENSATION PAID OTHER ORGANIZATIONS FOR COMPARABLE POSITIONS. COMPENSATION WAS APPROVED BY THE INDEPENDENT BOARD OF DIRECTORS, AND SUCH APPROVAL WAS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 POWERHOUSE MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PAGE 1, SECTION B AMENDED RETURN THE FOLLOWING INFORMATION IN THIS 2021 FORM 990 FOR THE YEAR ENDED JUNE 30, 2022, HAS BEEN REVISED BASED ON THE COMPLETION OF THE AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMEMENTS: PAGE 1, PART I REVENUE, EXPENSES AND NET ASSETS LINES 10, 12, 19, 20, AND 22. PART VIII, LINE 3 AND 12 PART X, LINES 15, 16, 27, 32, 33 PART XI, LINES 1, 3, AND 10 SCHEDULE A, PART II, LINE 10A SCHEDULE D, PART IX, LINE 1 BRT POWERHOUSE LLC 98 4TH STREET SUITE 406 BROOKLYN NY 11231 460776852 REAL ESTATE OWNERSHIP NY 0 7264297 POWERHOUSE ARTS INC GEMINI ARTS INITIATIVE INC 98 4TH STREET SUITE 406 BROOKLYN NY 11231 462810633 ENVIRONMENTAL REMEDIATION AND CAPITAL DEVELOPMENT OF POWERHOUSE ARTS NY POWERHOUSE ARTS INC C 3097521 163466269 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 GEMINI ARTS INITIATIVE INC B 42337664 ACTUAL AMOUNT TRANSFERRED