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Nonprofiteer
← PURPLE HAZE STANDARD BRED ADOPTION PROGRAM INC

Form 990 for tax year 2024

Filed by PURPLE HAZE STANDARD BRED ADOPTION PROGRAM INC.

Totals

Total revenue
$853,901
Total expenses
$359,403
Contributions and grants received
$777,677
Grants paid
$0
Program service revenue
$76,117
Investment income
$0
Other revenue
$107
Total assets, end of year
$404,355
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$404,355
Program services expenses (Part IX)
$322,935
Management and general expenses
$30,652
Fundraising expenses
$5,816
Program service expenses (Part III)
$322,935

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $777,677

  • 1g · Noncash contributions included above

    $537,207

  • 2a · Program service revenue: ADOPTION FEE

    total $47,310 · related or exempt $47,310

  • 2b · Program service revenue: SPONSORSHIP

    total $28,807 · related or exempt $28,807

  • 11a · Other revenue: T-SHIRT SALES

    total $107 · related or exempt $107

  • 11e · Other revenue, total

    $107

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $108,844 · program services $83,908 · management and general $23,136 · fundraising $1,800

  • 10 · Payroll taxes

    total $8,327 · program services $6,419 · management and general $1,708 · fundraising $200

  • 11c · Fees: accounting

    total $789 · management and general $789

  • 12 · Advertising and promotion

    total $7,144 · program services $3,572 · fundraising $3,572

  • 13 · Office expenses

    total $2,400 · management and general $2,336 · fundraising $64

  • 16 · Occupancy

    total $34,071 · program services $34,071

  • 19 · Conferences, conventions and meetings

    total $180 · fundraising $180

  • 20 · Interest

    total $108,791 · program services $108,791

  • 22 · Depreciation, depletion and amortization

    total $26,329 · program services $26,329

  • 23 · Insurance

    total $13,501 · program services $11,358 · management and general $2,143

  • 24a · Other expenses: EQUINE CARE

    total $46,671 · program services $46,671

  • 24b · Other expenses: PAYROLL PROCESSING

    total $2,356 · program services $1,816 · management and general $540

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,580 · end of year $88,392

  • 10a · Land, buildings and equipment: cost or other basis

    $497,171

  • 10b · Land, buildings and equipment: accumulated depreciation

    $181,208

  • 10c · Land, buildings and equipment, net

    beginning of year $336,792 · end of year $315,963

  • 19 · Deferred revenue

    beginning of year $31,100

  • 22 · Loans and payables to officers and key people

    beginning of year $428,415

  • 27 · Net assets without donor restrictions

    beginning of year -$90,143 · end of year $404,355

Mission and programs · 2024

Mission

TO ENSURE THAT RETIRED STANDARDBRED HORSES FIND A SECOND CALLING AND PROFESSION THROUGH REHABILITATION, EDUCATION CONCERNING ADOPTION AND COMMUNITY OUTREACH, AND HUMANE ALTERNATIVES.

  • DURING THE 2024 YEAR, THE ORGANIZATION PLACED 30 HORSES UP FOR SUCCESSFUL ADOPTIONS, THE HIGHEST NUMBER TO DATE SINCE OPERATIONS BEGAN.

  • THE ORGANIZATION WAS ABLE TO SPONSOR AN ADOPTION BARN AT THE STANDARDBRED NATIONAL HORSE SHOW IN NEW JERSEY; PROVIDING A VENUE FOR VISITORS TO SHOWCASE THEIR ADOPTABLE HORSES AND DISPLAY THEIR VERSATILITY FOR SECOND CAREERS.

  • THE ORGANIZATION'S LONG-TERM DEBT, WHICH INCLUDED A MORTGAGE AND DEMAND NOTE PLUS ACCRUED INTEREST TOTALING $537,207, WAS FORGIVEN IN YEAR 2024.

  • INCOME AND EXPENSES FROM PROGRAM INCOME AND OPERATIONS ACTIVITIES.

    Expenses $322,935 · Revenue $76,224

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wanda Polisseni

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Kelley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • David Hanson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Frances Blazer

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Claire Chappell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rita Scharman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Boni

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Gutnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543119349302349

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