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POWDERHOUSE STUDIOS LIMITED

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Tax-exempt status may be revoked

POWDERHOUSE STUDIOS LIMITED

EIN 81-4011915 · Elementary & Secondary Schools (B20)

What they do

to ADVANCE THE ART and SCIENCE of SEEING OLD THINGS IN NEW WAYS THROUGH RESEARCH and DEVELOPMENT, EXPLORING THE POTENTIAL of COMPUTATION and STORY TELLING to ENABLE and SUPPORT INDEPENDENT INVESTIGATION. to ACCOMPLISH THIS, WE HAVE SET UP A NEW HIGH SCHOOL IN SOMERVILLE UNDER THE MASSACHUSETTS INNOVATION SCHOOL LEGISLATION. THE MISSION of THIS SCHOOL is to SUPPORT YOUNG PEOPLE IN THEIR TRANSITION FROM STUDENTS (LARGELY PASSIVE RECIPIENTS of INFORMATION) INTO INDEPENDENT INVESTIGATORS. THIS HIGH SCHOOL WILL OFFER US SANDBOX and CONTEXT to DEVELOP THE TOOLS, MATERIALS, and PROGRAMS WHICH SIT AT THE CORE of OUR MISSION, POWERING OUR EDUCATIONAL, RESEARCH, and DESIGN WORK.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2018The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

183.67%of revenue went to mission work85.1% of expenses · Program services
$215.80spent for every $100 of revenueSpending was higher than revenue this year.
32.13%of revenue went to management and office costs14.9% of expenses
$0.74in assets for every $1 spent this yearSome assets cannot be spent right away.
93.2%of its money came from giftsOther money may come from services or investments.

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  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $372,572 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $69,776 for ALEC MICHAEL RESNICK (PRESIDENT AND CLERK). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2018

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$321,726
Mission workProgram services$590,924183.67% of revenue85.1% of expenses
ManagementOffice and general costs$103,37432.13% of revenue14.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$694,298215.80% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$321,726
Expenses$694,298
Annual shortfall $372,572 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$590,924 · 85.1% of expenses
Management and office costs$103,374 · 14.9% of expenses
See all reported dollar amounts
Revenue$321,726
Expenses$694,298
Assets$514,869
Contributions$300,000
Mission work (program services)$590,924
Management and general$103,374
Accounting fees$2,475
People

Leadership and board

Tax year 2018

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ALEC MICHAEL RESNICKPRESIDENT AND CLERK · 40 hrs/week $69,776Base $65,000 · Other $4,776
SHAUNALYNN DUFFYTREASURER · 40 hrs/week $69,720Base $65,000 · Other $4,720

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (3)

ALEC MICHAEL RESNICKPRESIDENT AND CLERK

SHAUNALYNN DUFFYTREASURER

BAKHTIAR MIKHAKDIRECTOR

About this charity

Recognized since
February 2017
Location
339R SUMMER ST, SOMERVILLE, MA 021443141
County
Middlesex
In care of
ALEC MICHAEL RESNICK
Primary officer
ALEC MICHAEL RESNICK, PRESIDENT

How to reach them

Filing and classification

Latest tax year
2018
Tax period began
January 1, 2018
Return type
990
Tax preparer
KAHN LITWIN RENZA & CO LTD
NTEE classification
Elementary & Secondary Schools (B20)
IRS tax category
Elementary & Secondary Schools
Revocation date
May 15, 2022

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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