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Nonprofiteer
← THIS OLD HORSE INC

Form 990 for tax year 2023

Filed by THIS OLD HORSE INC.

Totals

Total revenue
$1,285,931
Total expenses
$1,350,129
Contributions and grants received
$1,363,527
Grants paid
$0
Program service revenue
$5,100
Investment income
-$12,799
Other revenue
-$69,897
Total assets, end of year
$2,670,414
Total liabilities, end of year
$2,815,895
Net assets or fund balances, end of year
-$145,481
Program services expenses (Part IX)
$1,278,478
Management and general expenses
$71,651
Fundraising expenses
$0
Program service expenses (Part III)
$1,278,478

Program services were 94.7% 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.

  • 1c · Fundraising events

    $32,359

  • 1e · Government grants (contributions)

    $47,500

  • 1f · All other contributions, gifts and grants

    $1,283,668

  • 2a · Program service revenue: BOARDING

    total $5,100 · unrelated business $5,100

  • 3 · Investment income

    total $1 · related or exempt $1

  • 7b · Less cost or other basis and sales expenses

    other assets $12,800

  • 7c · Gain or loss

    other assets -$12,800

  • 7d · Net gain or loss

    total -$12,800 · excluded -$12,800

  • 8a · Fundraising events: contributions included on line 1c

    $32,359

  • 8b · Fundraising events: direct expenses

    $69,897

  • 8c · Net income from fundraising events

    total -$69,897 · unrelated business -$69,897

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $244,522 · program services $220,069 · management and general $24,453

  • 10 · Payroll taxes

    total $26,557 · program services $23,901 · management and general $2,656

  • 11c · Fees: accounting

    total $4,350 · program services $4,350

  • 12 · Advertising and promotion

    total $1,180 · management and general $1,180

  • 13 · Office expenses

    total $858 · management and general $858

  • 16 · Occupancy

    total $32,299 · program services $32,299

  • 20 · Interest

    total $162,561 · program services $162,561

  • 22 · Depreciation, depletion and amortization

    total $109,747 · program services $109,747

  • 23 · Insurance

    total $40,182 · program services $26,204 · management and general $13,978

  • 24a · Other expenses: FEED

    total $190,452 · program services $190,452

  • 24b · Other expenses: HAY

    total $160,497 · program services $160,497

  • 24c · Other expenses: FEED

    total $81,624 · program services $81,624

  • 24d · Other expenses: HAY

    total $68,784 · program services $68,784

  • 24e · All other expenses

    total $226,516 · program services $197,990 · management and general $28,526

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,416 · end of year $87,110

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

    $3,054,063

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

    $470,759

  • 10c · Land, buildings and equipment, net

    beginning of year $2,705,950 · end of year $2,583,304

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,468 · end of year $4,359

  • 23 · Secured mortgages and notes payable

    beginning of year $2,801,181 · end of year $2,811,536

  • 27 · Net assets without donor restrictions

    beginning of year -$81,283 · end of year -$145,481

Mission and programs · 2023

Mission

THIS OLD HORSE, INC., PROVIDES RETIREMENT, RESCUE AND REHABILITATION TO OLDER AND UNWANTED HORSES THAT HAVE HAD A CAREER TO SERVICE HUMANS. THEY CONTINUE TO SERVE AS AMBASSADORS TO THE INCREDIBLE IMPACT OF 'HORSE POWER' BY FACILITATING THE DEVELOPMENT OF HORSEMANSHIP AND BEGINNING RIDING SKILLS TO OLDER AND SPECIAL NEEDS RIDERS.

  • THIS OLD HORSE, INC. PROVIDES SUPPORT FOR HORSES IN TRANSITION THROUGH OUR RESCUE, RETIREMENT, AND REHOMING PROGRAMS. THIS OLD HORSE, INC. MANAGES AND OPERATES 10 BARNS THROUGHOUT THE LARGER ST PAUL / MINNEAPOLIS METROPOLITAN AREA AND WESTERN WISCONSIN, WITH A DAILY CENSUS OF ABOUT 200 HORSES UNDER OUR DIRECT CARE. WE OPERATE A FOSTER HOST NETWORK THAT SUPPORTS ANOTHER 100 HORSES IN MINNESOTA, WISCONSIN AND IOWA. THIS OLD HORSE, INC. HAS BEEN ACCREDITED, AWARDED, AND CERTIFIED BY MANY MAJOR EQUINE WELFARE ORGANIZATIONS, EMPIRICALLY AND OBJECTIVELY DEMONSTRATING OUR HIGH STANDARDS OF EQUINE CARE AND SUPPORT AS WELL AS MANAGEMENT, FISCAL AND ADMINISTRATIVE EXCELLENCE. MOST NOTABLY, WE ARE ACCREDITED BY THE GLOBAL FEDERATION OF ANIMAL SANCTUARIES (GFAS) AND THE THOROUGHBRED AFTERCARE ALLIANCE (TAA). WE ACHIEVED THE STATUS OF GUARDIAN LEVEL FOR THE EQUUS FOUNDATION. THIS OLD HORSE HAS A GUIDESTAR PLATINUM TRANSPARENCY RATING AND A TOP RATED NONPROFIT FOR GREAT NONPROFITS. THIS OLD HORSE IS A MEMBER OF THE MN HORSE WELFARE COALITION AND CERTIFIED BY THE MN HORSE COUNCIL. IN 2023, THIS OLD HORSE, INC. WAS SELECTED BY THE EQUINE NETWORK AS THE SUBJECT OF A 10-MINUTE DOCUMENTARY ON EQUINE WELFARE FOR RIDE-TV. WE HAVE BEEN AWARDED AND LAUDED AS A NATIONAL MODEL FOR INNOVATION IN EQUINE ADPOTION STRATEGIES. OUR ADOPTION RATES ARE REMARKABLE BY ANY STANDARD AND EXCEPTIONAL CONSIDERING WE ARE SPECIALISTS IN SUPPORTING UNRIDEABLE, SPECIAL NEEDS AND OLDER HORSES.

    Expenses $1,278,478

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathleen Amerongen

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    4

  • Julie Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellen Hill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Rhode

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    40

  • Brenda Teter

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Nancy Turner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

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
2023
Filed
14 April 2024
IRS schema version
2023v5.0
Source object
202411369349305576

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