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Nonprofiteer
← HORSEPOWER INC

Form 990 for tax year 2022

Filed by HORSEPOWER INC.

Totals

Total revenue
$465,473
Total expenses
$459,908
Contributions and grants received
$306,877
Grants paid
$0
Program service revenue
$162,868
Investment income
-$4,272
Other revenue
$0
Total assets, end of year
$622,404
Total liabilities, end of year
$259,182
Net assets or fund balances, end of year
$363,222
Program services expenses (Part IX)
$377,838
Management and general expenses
$49,337
Fundraising expenses
$32,733
Program service expenses (Part III)
$377,838

Program services were 82.2% 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

    $73,240

  • 1f · All other contributions, gifts and grants

    $233,637

  • 1g · Noncash contributions included above

    $27,250

  • 2a · Program service revenue: THERAPEUTIC RIDING

    total $129,437 · related or exempt $129,437

  • 2b · Program service revenue: GROUP ACTIVITIES

    total $32,746 · related or exempt $32,746

  • 2c · Program service revenue: OTHER

    total $685 · related or exempt $685

  • 3 · Investment income

    total $80 · related or exempt $80

  • 7a · Gross sales of assets other than inventory

    other assets $3,500

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

    other assets $7,852

  • 7c · Gain or loss

    other assets -$4,352

  • 7d · Net gain or loss

    total -$4,352 · related or exempt -$4,352

  • 8a · Fundraising events: gross income

    $10,400

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

    $73,240

  • 8b · Fundraising events: direct expenses

    $10,400

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $65,000 · program services $26,000 · management and general $19,500 · fundraising $19,500

  • 7 · Other salaries and wages

    total $207,924 · program services $187,131 · management and general $14,550 · fundraising $6,243

  • 9 · Other employee benefits

    total $4,992 · program services $1,996 · management and general $1,498 · fundraising $1,498

  • 10 · Payroll taxes

    total $21,267 · program services $16,589 · management and general $2,658 · fundraising $2,020

  • 11b · Fees: legal

    total $3,250 · management and general $3,250

  • 11c · Fees: accounting

    total $4,881 · program services $881 · management and general $4,000

  • 11g · Fees: other

    total $3,420 · program services $3,420

  • 12 · Advertising and promotion

    total $12,370 · program services $11,148 · fundraising $1,222

  • 13 · Office expenses

    total $18,027 · program services $15,996 · management and general $1,781 · fundraising $250

  • 16 · Occupancy

    total $22,508 · program services $18,708 · management and general $1,800 · fundraising $2,000

  • 17 · Travel

    total $7,909 · program services $7,609 · management and general $300

  • 20 · Interest

    total $36 · program services $36

  • 22 · Depreciation, depletion and amortization

    total $17,018 · program services $17,018

  • 23 · Insurance

    total $15,168 · program services $15,168

  • 24a · Other expenses: HAY

    total $26,066 · program services $26,066

  • 24b · Other expenses: VETERINARY

    total $9,362 · program services $9,362

  • 24c · Other expenses: FEED

    total $7,607 · program services $7,607

  • 24d · Other expenses: FARRIER

    total $6,948 · program services $6,948

  • 24e · All other expenses

    total $6,155 · program services $6,155

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,936 · end of year $71,495

  • 2 · Savings and temporary cash investments

    beginning of year $158,673 · end of year $203,753

  • 3 · Pledges and grants receivable

    beginning of year $10,000

  • 4 · Accounts receivable

    beginning of year $376 · end of year $420

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,019 · end of year $18,804

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

    $188,570

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

    $100,321

  • 10c · Land, buildings and equipment, net

    beginning of year $75,389 · end of year $88,249

  • 15 · Other assets

    end of year $239,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,736 · end of year $4,412

  • 19 · Deferred revenue

    end of year $15,070

  • 25 · Other liabilities

    end of year $239,700

  • 27 · Net assets without donor restrictions

    beginning of year $357,657 · end of year $363,222

Mission and programs · 2022

Mission

TO PROMOTE AND ENHANCE THE WELFARE OF INDIVIDUALS WITH DISABILITIES BY PROVIDING A PROGRAM OF THERAPEUTIC, EDUCATIONAL AND RECREATIONAL VALUE, AND FURTHER, TO EMPOWER INDIVIDUALS WHO ARE MENTALLY, PHYSICALLY AND/OR EMOTIONALLY CHALLENGED THROUGH THE USE OF HORSES, WHILE PROVIDING THERAPEUTIC BENEFITS IN A SAFE AND CONTROLLED ATMOSPHERE.

  • HORSEPOWER, INC. PROVIDES THERAPEUTIC HORSEBACK RIDING ACITIVITIES FOR INDIVIDUALS WITH DISABILITIES. THEY ALSO SERVE ABLE-BODIED STUDENTS IN SEVERAL CAPACITIES, INCLUDING YOUTH SUMMER CAMPS, TEAMWORK AND EQUESTRIAN INSTRUCTION THROUGH LOCAL SCHOOL PARTNERSHIPS, AND LEADING BUSINESSES IN DAYS OF CARING ACTIVITIES.

    Expenses $377,838 · Revenue $162,868

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jan Clifford

    EXECUTIVE DI

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Colleen Callahan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandon Carrey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jay Donecker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vernon Farrington

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Melissa Lyons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ellis Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Isadore Morrow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Treese Mosher

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Doug Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Rizzi

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Melanie Shaffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Melissa Waldron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • George White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202331509349300128

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