2021-05-17T15:30:14-05:00 2020-06-30 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2019-07-01 460776852 POWERHOUSE ARTS INC POWE 7185221400 98 4TH STREET NO 406 BROOKLYN NY 11231 JOSHUA RECHNITZ PRESIDENT 7185221400 2021-05-13 1 FREDERICK MARTENS P00298107 2126972299 2019 2022-09-23 18:48:47Z JOSHUA RECHNITZ 98 4TH STREET NO 406 BROOKLYN NY 11231 4243261 0 X WWW.POWERHOUSEARTS.ORG X 2012 DE POWERHOUSE ARTS IS A NOT-FOR-PROFIT BASED IN GOWANUS AND RED HOOK, BROOKLYN, ESTABLISHED TO CREATE A ROBUST PLATFORM FOR ART PRODUCTION AND EMPLOYMENT IN THE ARTS. POWERHOUSE IS STEWARDING THE REDEVELOPMENT OF THE FORMER BROOKLYN RAPID TRANSIT POWER STATION IN GOWANUS TO CREATE A NEW FACILITY THAT WILL HOUSE FABRICATION AND PRODUCTION FACILITIES IN WOOD, METAL, CERAMIC, TEXTILES AND PRINT. OUR PROGRAMMING INCLUDES EDUCATION, EMPLOYMENT AND PUBLIC ENGAGEMENT TO INCREASE ACCESS AND OPPORTUNITY FOR PARTICIPATION IN THE ARTS FOR ALL NEW YORKERS. 3 3 48 3 0 0 1200000 410000 1077715 954510 2311023 2878751 0 0 4588738 4243261 72007 11902 0 0 2074283 3349520 0 138989 403410 2124314 2789249 4270604 6289660 318134 -2046399 196440372 190612630 10571867 7683400 185868505 182929230 X POWERHOUSE ARTS IS A NOT-FOR-PROFIT BASED IN GOWANUS AND RED HOOK, BROOKLYN, ESTABLISHED TO CREATE A ROBUST PLATFORM FOR ART PRODUCTION AND EMPLOYMENT IN THE ARTS. POWERHOUSE IS STEWARDING THE REDEVELOPMENT OF THE FORMER BROOKLYN RAPID TRANSIT POWER STATION IN GOWANUS TO CREATE A NEW FACILITY THAT WILL HOUSE FABRICATION AND PRODUCTION FACILITIES IN WOOD, METAL, CERAMIC, TEXTILES AND PRINT. OUR PROGRAMMING INCLUDES EDUCATION, EMPLOYMENT AND PUBLIC ENGAGEMENT TO INCREASE ACCESS AND OPPORTUNITY FOR PARTICIPATION IN THE ARTS FOR ALL NEW YORKERS. 0 0 2689404 954510 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. COLLABORATIVE PRODUCTION EXPERIENCED SIGNIFICANT GROWTH IN THE PAST YEAR, INCLUDING OPENING THE WOOD, METAL, AND CERAMIC SHOPS. THE TEAM TOOK ON A WIDE SCOPE OF PROJECTS, INCLUDING COLLABORATIVE WORK BETWEEN SHOPS, PROJECTS WITH OUR ARTISTS COUNCIL, AND TEAM-WIDE EFFORTS TO CREATE MASKS. 628186 11902 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 INCREASED OUR SCHOOL PARTNERSHIPS, WHICH CONNECT NYC PUBLIC MIDDLE AND HIGH SCHOOLS WITH INDUSTRY PARTNERS TO LEARN ARTS FABRICATION SKILLS; OFFERED EXTERNSHIPS TO NYC PUBLIC EDUCATORS AND CLASSROOM ART TEACHERS; 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 CONTINUED TO GROW OUR PAID INTERNSHIP OPPORTUNITIES FOR BOTH ADULTS AND YOUTH. 279962 INDEPENDENT PRODUCTION PROGRAMPOWERHOUSE ARTS CONTINUED TO ADVANCE PLANNING AND DEVELOPMENT OF AN INDEPENDENT PRODUCTION PROGRAM, WHICH WILL PROVIDE ACCESS TO OUR WORKSHOP SPACES IN WOOD, METAL, DIGITAL FABRICATION, PRINTMAKING, TEXTILES, AND CERAMICS, IN THE FUTURE POWERHOUSE ARTS FACILITY. THESE SHOPS WILL OFFER A RANGE OF EQUIPMENT AND CAPABILITIES IN EACH MATERIAL. 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. 3597552 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 39 0 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 0 1 0 0 NY X THE ORGANIZATION 7185221400 98 4TH STREET NO 406 BROOKLYN NY 11231 JOSHUA RECHNITZ CHAIRMAN, PRESIDENT, TREASURER 1.00 X X 0 0 0 MAUREEN CONNELLY SECRETARY 2.00 X X 0 0 0 ABBY HAMLIN BOARD MEMBER 2.00 X 0 0 0 KATIE DIXON CEO 40.00 X 277627 0 34199 JESSICA LYSONS SR. DIR. OF FINANCE & ADMINISTRATION 40.00 X 142346 0 6722 STEVEN M BATTAGLIA SR. DIR. OF OPERATIONS 40.00 X 127789 0 15460 KRISTEN WILKE SR. DIR. OF STRATEGIC PLANNING 40.00 X 122619 0 13147 670381 0 69528 4 0 1 0 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 FUNDRAISING CONSULTANT 179950 ROBERTS & HOLLAND LLP 1675 BROADWAY 17TH FLOOR NEW YORK NY 10019 LEGAL SERVICES 155186 2 410000 410000 PROGRAM REVENUE 323100 954510 954510 954510 2878751 2878751 4243261 954510 0 2878751 X 11902 11902 491258 3256 439166 48836 2171993 1576751 525453 69789 398629 266524 116556 15549 287640 173467 101568 12605 303750 4681 299069 36000 36000 138989 138989 107300 107300 1046195 444675 517938 83582 537818 474512 47217 16089 581092 515347 53010 12735 52593 37783 10294 4516 100647 68518 32129 23854 20136 2998 720 6289660 3597552 2288698 403410 1058089 890219 28253284 72691109 664863 185759 178470 225620 905986 379757 142955 526229 103456114 27920940 62686597 88172754 196440372 190612630 3290604 297018 7281263 6881263 505119 10571867 7683400 X 57741549 55280428 128126956 127648802 185868505 182929230 196440372 190612630 -2046399 -892876 0 X 0 1 X 1 0 X 8989329 21670000 149199999 1200000 410000 181469328 42624 757052 806010 1077715 954510 3637911 9031953 22427052 150006009 2277715 1364510 185107239 498561 1670000 1200000 1200000 400000 4968561 0 498561 1670000 1200000 1200000 400000 4968561 180138678 1300 3010 227475 2310540 2878751 5421076 1300 3010 227475 2310540 2878751 5421076 2007837 2007837 9033253 22430062 152241321 4588255 4243261 192536152 0.93560 0.92470 0.02820 0.01310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97503 62767 34736 808483 316990 491493 526229 CONSTRUCTION IN PROGRESS - LAND 6176400 CONSTRUCTION IN PROGRESS - BUILDING 1087897 INVESTMENT IN SUBSIDIARY - GEMINI ARTS INITIATIVE, INC. 80341023 ARTWORK 509000 SECURITY DEPOSITS 58434 88172754 X 1 SUSAN COURTEMANCHE 40 POWDER HORN HILL ROAD WILTON CT 06897 STRATEGIC ADVISORY 0 0 138989 0 138989 NY 1 PART I, LINE 2: GRANTS MADE DURING FISCAL YEAR 2020 CONSISTED OF PAYMENTS FOR TICKETS TO FUNDRAISING GALA EVENTS OF FOUR NONPROFIT ORGANIZATIONS TO SUPPORT OF THEIR CHARITABLE ACTIVITIES, AND A SPONSORSHIP GRANT TO ONE COMMUNITY ORGANIZATION TO SUPPORT A CHARITABLE PROGRAM EVENT. SINCE THESE GRANTS WERE FOR THE GENERAL OPERATING SUPPORT OF THE ORGANIZATIONS' CHARITABLE ACTIVITIES IN POWERHOUSE ARTS, INC.'S LOCAL COMMUNITY, NO SPECIFIC REPORTING ON THE USE OF GRANT FUNDS WAS REQUIRED. X X 0 0 0 0 0 0 0 0 0 KATIE DIXON CEO 277627 0 0 0 0 0 0 0 34199 0 311826 0 0 0 JOSHUA RECHNITZ PRESIDENT NON-INTEREST BEARING LOAN FOR OPERATIONS X 11351263 6881263 0 1 1 6881263 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAD ONE CLASS OF MEMBERS. AS OF JUNE 30, 2019, THE ORGANIZATION HAD THREE MEMBERS. BY UNANIMOUS CONSENT OF MEMBERS DATED DECEMBER 17, 2019, THE ORGANIZATION'S BY-LAWS WERE AMENDED TO REMOVE THE EXISTENCE OF MEMBERS, SO THAT THE ORGANIZATION IS MANAGED SOLELY BY A SELF-PERPETUATING BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS APPOINTED THE BOARD OF DIRECTORS ANNUALLY. BY UNANIMOUS CONSENT OF MEMBERS DATED DECEMBER 17, 2019, THE ORGANIZATION'S BY-LAWS WERE AMENDED TO REMOVE THE EXISTENCE OF MEMBERS, SO THAT THE ORGANIZATION IS MANAGED SOLELY BY A SELF-PERPETUATING BOARD OF DIRECTORS, MEANING DIRECTORS ARE ELECTED BY THE DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MADE ALL EXTRAORDINARY DECISIONS, SUCH AS TO ADD, REMOVE OR AMEND THE PURPOSES OF THE ORGANIZATION, TO DISSOLVE, TO CHANGE THE BY-LAWS, AND SIMILAR ORGANIZATIONAL DECISIONS, AS WELL AS APPOINTING DIRECTORS. BY UNANIMOUS CONSENT OF MEMBERS DATED DECEMBER 17, 2019, THE ORGANIZATION'S BY-LAWS WERE AMENDED TO REMOVE THE EXISTENCE OF MEMBERS, SO THAT THE ORGANIZATION IS MANAGED SOLELY BY A SELF-PERPETUATING BOARD OF DIRECTORS, WHICH NOW MAKES ALL EXTRAORDINARY DECISIONS. 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 CEO AND SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION, 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. FORM 990, PART IX, LINE 11G PROGAM AND OPERATIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 180,301. MANAGEMENT AND GENERAL EXPENSES 11,178. FUNDRAISING EXPENSES 52,500. TOTAL EXPENSES 243,979. PUBLIC RELATIONS / BRANDING: PROGRAM SERVICE EXPENSES 4,000. MANAGEMENT AND GENERAL EXPENSES 148,513. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 152,513. INFORMATION TECHNOLOGY: PROGRAM SERVICE EXPENSES 96,158. MANAGEMENT AND GENERAL EXPENSES 34,540. FUNDRAISING EXPENSES 8,298. TOTAL EXPENSES 138,996. FINANCIAL CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 121,209. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 121,209. INSURANCE CONSULTANT: PROGRAM SERVICE EXPENSES 41,677. MANAGEMENT AND GENERAL EXPENSES 14,971. FUNDRAISING EXPENSES 3,597. TOTAL EXPENSES 60,245. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 14,764. MANAGEMENT AND GENERAL EXPENSES 89,079. FUNDRAISING EXPENSES 12,001. TOTAL EXPENSES 115,844. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 83,275. MANAGEMENT AND GENERAL EXPENSES 29,913. FUNDRAISING EXPENSES 7,186. TOTAL EXPENSES 120,374. ORGANIZATIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 24,500. MANAGEMENT AND GENERAL EXPENSES 68,535. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 93,035. BRT POWERHOUSE LLC 98 4TH STREET SUITE 406 BROOKLYN NY 11231 460776852 REAL ESTATE OWNERSHIP NY 0 7264297 POWERHOUSE ARTS INC BRT WORKSHOPS LLC 98TH 4TH STREET SUITE 406 BROOKLYN NY 11231 352558041 FINE ART FABRICATION NY 238523 0 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 109707 68110537 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 26357837 ACTUAL AMOUNT TRANSFERRED