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Nonprofiteer
← PURPLE HAZE STANDARD BRED ADOPTION PROGRAM INC

Form 990 for tax year 2022

Filed by PURPLE HAZE STANDARD BRED ADOPTION PROGRAM INC.

Totals

Total revenue
$227,523
Total expenses
$236,430
Contributions and grants received
$156,137
Grants paid
$0
Program service revenue
$69,557
Investment income
$0
Other revenue
$1,829
Total assets, end of year
$380,776
Total liabilities, end of year
$428,415
Net assets or fund balances, end of year
-$47,639
Program services expenses (Part IX)
$233,262
Management and general expenses
$3,168
Fundraising expenses
$0
Program service expenses (Part III)
$233,262

Program services were 98.7% 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.

  • 1f · All other contributions, gifts and grants

    $156,137

  • 2a · Program service revenue: SPONSORSHIP

    total $44,837 · related or exempt $44,837

  • 2b · Program service revenue: ADOPTION FEE

    total $24,720 · related or exempt $24,720

  • 8a · Fundraising events: gross income

    $2,326

  • 8b · Fundraising events: direct expenses

    $497

  • 8c · Net income from fundraising events

    total $1,829 · excluded $1,829

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $108,267 · program services $108,267

  • 9 · Other employee benefits

    total $4,000 · program services $4,000

  • 10 · Payroll taxes

    total $8,283 · program services $8,283

  • 11c · Fees: accounting

    total $2,350 · program services $1,175 · management and general $1,175

  • 12 · Advertising and promotion

    total $5,925 · program services $5,925

  • 13 · Office expenses

    total $3,986 · program services $1,993 · management and general $1,993

  • 16 · Occupancy

    total $29,569 · program services $29,569

  • 17 · Travel

    total $752 · program services $752

  • 22 · Depreciation, depletion and amortization

    total $29,905 · program services $29,905

  • 23 · Insurance

    total $6,453 · program services $6,453

  • 24a · Other expenses: EQUINE CARE

    total $35,106 · program services $35,106

  • 24b · Other expenses: PAYROLL PROCESSING

    total $1,834 · program services $1,834

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,558 · end of year $20,215

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

    $485,271

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

    $124,710

  • 10c · Land, buildings and equipment, net

    beginning of year $381,125 · end of year $360,561

  • 24 · Unsecured notes and loans payable

    beginning of year $428,415 · end of year $428,415

  • 27 · Net assets without donor restrictions

    beginning of year -$38,732 · end of year -$47,639

Mission and programs · 2022

Mission

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

  • IN 2022, THE ORGANIZATION INCREASED GENERAL DONATION REVENUE BY OVER $65,000 FROM THE PRIOR YEAR.

  • THE ORGANIZATION WAS RE-ACCREDITED IN YEAR 2022 BY THE STANDARDBRED TRANSITION ALLIANCE (STA), A NATIONAL PROGRAM THAT VALIDATES BEST PRACTICES FOR NON-PROFIT ENTITIES. UPON INSPECTION AND MONITORING OF CHARITABLE BUSINESS PRACTICES AND HORSE MANAGEMENT PRACTICES, AS WELL AS A REVIEW OF PROFESSIONAL ETHICS THE ORGANIZATION HAS DISPLAYED BOTH GENERALLY AND IN PROMOTION AND PUBLICITY EFFORTS, THE ANNUAL ACCREDITATION VALIDATES OPERATIONS AND GIVES SUPPORTERS CONFIDENCE THAT THEIR MONIES ARE BEING USED IN THE MOST BENEFICIAL WAYS.

  • IN YEAR 2022, THE NUMBER OF HORSE ADOPTIONS INCREASED TO 20 FROM 19 IN YEAR 2021.

    Revenue $24,720

  • INCOME AND EXPENSES FROM PROGRAM INCOME AND OPERATIONS ACTIVITIES.

    Expenses $233,262 · Revenue $44,837

As filed on the 2022 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
2022
Filed
11 October 2023
IRS schema version
2022v5.0
Source object
202342869349301209

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