2022-05-11T12:08:09-05:00 2021-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2020-07-01 460776852 POWERHOUSE ARTS INC POWE 7185221400 322 3RD AVENUE BROOKLYN NY 11215 STEVEN BATTAGLIA INTERIM CO-EXECUTIVE DIRECTOR 7185221400 2022-05-11 1 STEVEN BATTAGLIA 999009999 FREDERICK MARTENS P00298107 2126972299 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X STEVEN BATTAGLIA 322 3RD AVENUE BROOKLYN NY 11215 2438930 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 44 5 0 0 410000 350000 954510 917146 2878751 771784 0 400000 4243261 2438930 11902 874 0 0 3349520 3749845 138989 0 0 2789249 1484841 6289660 5235560 -2046399 -2796630 190612630 187718007 7683400 8331523 182929230 179386484 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 2583887 874 917146 COLLABORATIVE PRODUCTION 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 WOOD, METAL, CERAMIC, TEXTILE AND PRINT. 379652 EDUCATION, EMPLOYMENT, AND ENGAGEMENT PROGRAMTHROUGH THIS PROGRAM, POWERHOUSE ARTS CREATES OPPORTUNITIES FOR ADULTS AND YOUTH ALIKE TO ENGAGE WITH THE ORGANIZATION THROUGH ART-MAKING AND SKILL-BUILDING CLASSES, AND BY PARTICIPATING IN ONLINE AND IN-PERSON EVENTS AND GATHERINGS. POWERHOUSE CREATED A FELLOWSHIP PROGRAM FOR PRACTICING ARTISTS WITH ADVANCED TECHNICAL PROFICIENCY TO BOTH LEARN FROM AND TEACH NEW TECHNIQUES IN A SYMBIOTIC EXCHANGE WITH OUR TEAM; AND DEVELOPED A YOUTH ADVISORY COUNCIL. 32217 INDEPENDENT PRODUCTION PROGRAMPOWERHOUSE ARTS CONTINUED TO ADVANCE PLANNING AND DEVELOPMENT OF AN INDEPENDENT PRODUCTION PROGRAM. MEMBERSHIP TO THE INDEPENDENT PRODUCTION PROGRAM WILL PROVIDE FLEXIBLE ACCESS TO MEMBERS-ONLY WORKSHOP FACILITIES TO THOSE WHO HAVE DEMONSTRATED THE ABILITY TO WORK INDEPENDENTLY AND SAFELY. 2995756 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 34 0 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 1 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 0 0 NY X THE ORGANIZATION 7185221400 322 3RD AVENUE BROOKLYN NY 11215 LAURA HANNA AS OF MAY 2021 CHAIRMAN, PRESIDENT, TREASURER 30.00 X X 0 0 0 JOANN LUEHRING BOARD MEMBER (AS OF MAY 2021) 7.00 X 0 0 0 JOSHUA RECHNITZ TO MAY 2021 CHAIRMAN, PRESIDENT, TREASURER 1.00 X X 0 0 0 MAUREEN CONNELLY SECRETARY (TO FEB 2021) 2.00 X X 0 0 0 KATIE DIXON CEO (TO MAY 2021) 40.00 X 299246 0 34850 JESSICA LYSONS DIR. OF FINANCE & ADMINISTRATION 40.00 X 146680 0 35126 STEVEN M BATTAGLIA SR. DIR. OF OPERATIONS 40.00 X 132737 0 17176 KRISTEN WILKE SR. DIR. OF STRATEGIC PLAN 40.00 X 130788 0 15555 SHAYNA JEFFERS FINANCIAL MANAGER 40.00 X 102907 0 24204 ANIKA E SELHORST - SR DIR OF EDU. EMPLOY. & PUB. ENGAGEMENT 40.00 X 105707 0 36951 GINA PHAM SR. DIR. OF BUSINESS DEVELOPMENT 40.00 X 132456 0 17945 1050521 0 181807 7 0 1 0 ROBERTS & HOLLAND LLP 1675 BROADWAY NEW YORK NY 10019 LEGAL SERVICES 213026 BURCHMAN TERRIO GEBHARDT & QUIST LLC PO BOX 22528 NEW YORK NY 10087 FISCAL SERVICES 155385 DUKE RILEY 72 UNION STREET BROOKLYN NY 11232 DESIGN, FABRICATION & DELIVERY OF ARTWOR 119000 LINKED BY AIR LLC 45 MAIN STREET BROOKLYN NY 11201 WEB DESIGN, HOSTING, & MAINTENANCE 116258 4 350000 350000 PROGRAM REVENUE 323100 917146 917146 917146 771784 771784 SETTLEMENT 900099 400000 400000 400000 2438930 917146 0 1171784 874 874 798826 280434 518392 2229754 1358467 871287 436966 254997 181969 284299 155367 128932 159842 2967 156875 61877 61877 27912 27912 340845 167067 173778 325422 281942 43480 384418 350251 34167 7409 7307 102 143450 111320 32130 33666 24763 8903 5235560 2995756 2239804 0 890219 456396 72691109 51669873 185759 538165 225620 148331 952547 523207 526229 429340 27920940 88172754 134475902 190612630 187718007 297018 704005 16128 6881263 6531263 505119 1080127 7683400 8331523 X 55280428 52165142 127648802 127221342 182929230 179386484 190612630 187718007 -2796630 -746116 0 X 0 1 X 1 0 X 21670000 149199999 1200000 410000 350000 172829999 757052 806010 1077715 954510 917146 4512433 22427052 150006009 2277715 1364510 1267146 177342432 1670000 1200000 1200000 400000 350000 4820000 0 1670000 1200000 1200000 400000 350000 4820000 172522432 3010 227475 2310540 2878751 771784 6191560 3010 227475 2310540 2878751 771784 6191560 2007837 400000 2407837 22430062 152241321 4588255 4243261 2438930 185941829 0.92780 0.93560 0.03330 0.02820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97503 81042 16461 855044 442165 412879 429340 CONSTRUCTION IN PROGRESS - LAND 6176400 CONSTRUCTION IN PROGRESS - BUILDING 1087897 INVESTMENT IN SUBSIDIARY - GEMINI ARTS INITIATIVE, INC. 126663921 ARTWORK 509000 SECURITY DEPOSITS 38684 134475902 X X 0 0 0 0 0 0 0 0 0 KATIE DIXON CEO (TO MAY 2021) 299246 0 0 0 0 0 34096 0 754 0 334096 0 0 0 JESSICA LYSONS DIR. OF FINANCE & ADMINISTRATION 146680 0 0 0 0 0 32812 0 2314 0 181806 0 0 0 GINA PHAM SR. DIR. OF BUSINESS DEVELOPMENT 132456 0 0 0 0 0 13418 0 4527 0 150401 0 0 0 JOSHUA RECHNITZ PRESIDENT (TO MAY 2021) NON-INTEREST BEARING LOAN FOR OPERATIONS X 11351263 6531263 0 1 1 6531263 FORM 990, PART VI, SECTION A, LINE 4 IN FEBRUARY 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE BOARD OF DIRECTORS TO CHANGE ITS MANAGEMENT STRUCTURE FROM A SELF-PERPETUATING BOARD OF DIRECTORS TO MANAGEMENT BY A SOLE MEMBER. IN APRIL 2021, FOLLOWING THE FEBRUARY 2021 BY-LAW AMENDMENT BY THE BOARD OF DIRECTORS TO CHANGE ITS MANAGEMENT STRUCTURE FROM A SELF-PERPETUATING BOARD OF DIRECTORS TO MANAGEMENT BY A SOLE MEMBER, THE ORGANIZATION'S CERTIFICATE OF INCORPORATION WAS RESTATED TO PROVIDE FOR THE MEMBER TO HAVE SOLE AUTHORITY TO CHANGE THE PURPOSES OF THE ORGANIZATION, TO TERMINATE THE ORGANIZATION THROUGH DISSOLUTION, AND TO APPROVE ANY CHANGES TO THE CERTIFICATE OF INCORPORATION. IN JUNE 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE MEMBER TO REMOVE THE MEMBERSHIP STRUCTURE, AND TO ESTABLISH A BOARD OF DIRECTORS AS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 6 IN FEBRUARY 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE BOARD OF DIRECTORS TO CHANGE ITS MANAGEMENT STRUCTURE FROM A SELF-PERPETUATING BOARD OF DIRECTORS TO MANAGEMENT BY A SOLE MEMBER. IN JUNE 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE MEMBER TO REMOVE THE MEMBERSHIP STRUCTURE, AND TO ESTABLISH A BOARD OF DIRECTORS AS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A IN FEBRUARY 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE BOARD OF DIRECTORS TO CHANGE ITS MANAGEMENT STRUCTURE FROM A SELF-PERPETUATING BOARD OF DIRECTORS TO MANAGEMENT BY A SOLE MEMBER AND SOLE DIRECTOR, IDENTIFIED BY NAME, WITH THE AUTHORITY TO APPOINT OTHER DIRECTORS. IN JUNE 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE MEMBER TO REMOVE THE MEMBERSHIP STRUCTURE, AND TO ESTABLISH A BOARD OF DIRECTORS AS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B IN APRIL 2021, FOLLOWING THE FEBRUARY 2021 BY-LAW AMENDMENT BY THE BOARD OF DIRECTORS TO CHANGE ITS MANAGEMENT STRUCTURE FROM A SELF-PERPETUATING BOARD OF DIRECTORS TO MANAGEMENT BY A SOLE MEMBER, IDENTIFIED BY NAME, THE ORGANIZATION'S CERTIFICATE OF INCORPORATION WAS RESTATED BY THE MEMBER TO PROVIDE FOR THE MEMBER TO HAVE SOLE AUTHORITY TO CHANGE THE PURPOSES OF THE ORGANIZATION, TO TERMINATE THE ORGANIZATION THROUGH DISSOLUTION, AND TO APPROVE ANY CHANGES TO THE CERTIFICATE OF INCORPORATION. IN JUNE 2021, THE ORGANIZATION'S BY-LAWS WERE AMENDED BY THE MEMBER TO REMOVE THE MEMBERSHIP STRUCTURE, AND TO ESTABLISH A BOARD OF DIRECTORS AS THE GOVERNING BODY. 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 INTERIM CO-EXECUTIVE DIRECTORS AND FINANCIAL CONTROLLER, 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 CEO 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. 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 7119 49788204 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 46322898 ACTUAL AMOUNT TRANSFERRED