Totals
- Total revenue
- $3,641,088
- Total expenses
- $3,240,372
- Contributions and grants received
- $2,623,254
- Grants paid
- $0
- Program service revenue
- $625,494
- Investment income
- $0
- Other revenue
- $392,340
- Total assets, end of year
- $5,393,517
- Total liabilities, end of year
- $2,463,418
- Net assets or fund balances, end of year
- $2,930,099
- Program services expenses (Part IX)
- $2,680,723
- Management and general expenses
- $559,649
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,680,723
Program services were 82.7% 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
$2,623,254
-
1g · Noncash contributions included above
$45,858
-
2f · All other program service revenue
total $625,494 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $13,750
-
6c · Rental income or loss
real property $13,750
-
6d · Net rental income or loss
total $13,750 · related or exempt $13,750
-
8a · Fundraising events: gross income
$51,394
-
8b · Fundraising events: direct expenses
$13,648
-
8c · Net income from fundraising events
total $37,746 · unrelated business $0 · excluded $37,746
-
10a · Gross sales of inventory
$426,289
-
10b · Cost of goods sold
$85,445
-
10c · Net income from sales of inventory
total $340,844 · related or exempt $340,844
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $173,392 · program services $0 · management and general $173,392 · fundraising $0
-
7 · Other salaries and wages
total $129,384 · program services $0 · management and general $129,384 · fundraising $0
-
10 · Payroll taxes
total $35,174 · program services $0 · management and general $35,174 · fundraising $0
-
11c · Fees: accounting
total $27,943 · program services $0 · management and general $27,943 · fundraising $0
-
13 · Office expenses
total $37,982 · program services $0 · management and general $37,982 · fundraising $0
-
17 · Travel
total $11,563 · program services $0 · management and general $11,563 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $158,389 · program services $126,711 · management and general $31,678 · fundraising $0
-
24a · Other expenses: FARM EXPENSE SCHEDULE
total $2,554,012 · program services $2,554,012 · management and general $0 · fundraising $0
-
24b · Other expenses: BANK & MERCHANT FEES
total $11,763 · program services $0 · management and general $11,763 · fundraising $0
-
24c · Other expenses: TELEPHONE
total $10,288 · program services $0 · management and general $10,288 · fundraising $0
-
24d · Other expenses: REPAIRS
total $6,281 · program services $0 · management and general $6,281 · fundraising $0
-
24e · All other expenses
total $84,201 · program services $0 · management and general $84,201 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $900,474 · end of year $488,780
-
7 · Other notes and loans receivable
beginning of year $70,150 · end of year $36,450
-
8 · Inventories for sale or use
beginning of year $38,337 · end of year $23,042
-
10a · Land, buildings and equipment: cost or other basis
$6,018,574
-
10b · Land, buildings and equipment: accumulated depreciation
$1,232,518
-
10c · Land, buildings and equipment, net
beginning of year $4,015,459 · end of year $4,786,056
-
11 · Investments: publicly traded securities
beginning of year $115,375 · end of year $59,189
-
17 · Accounts payable and accrued expenses
beginning of year $65,899 · end of year $129,187
-
19 · Deferred revenue
beginning of year $24,000 · end of year $12,000
-
23 · Secured mortgages and notes payable
beginning of year $2,520,513 · end of year $2,322,231
-
31 · Retained earnings, endowment or other funds
beginning of year $2,529,383 · end of year $2,930,099
Mission and programs · 2023
Mission
To care for and protect retired racing thoroughbreds.
-
Raise awareness of the treatment of retired race horses and care for and honor the racehorses. We keep and care for retired race horses on our farm.
Expenses $2,680,723 · Revenue $3,603,342
As filed on the 2023 return.
Listed in Part VII
-
Michael Blowen
President/Board Member
- Total calculated
- $94,500
- From this org
- $94,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $94,500
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $94,500
-
William Van den Dool
VP/Board Member
- Total calculated
- $41,750
- From this org
- $41,750
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Cynthia Grisolia
Chairman
- Total calculated
- $240
- From this org
- $240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barbara Fossum
Secy/Board Member
- Total calculated
- $36,902
- From this org
- $36,902
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pat Riley
Treasurer/Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jill Baffert
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Peggy Gdovka
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne Mundy
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Corey Johnsen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Simon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Clark Nyberg
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ron Portell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ron Wallace
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Diane White
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Bryan Waldridge
Board Member
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 22 April 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401919349300115
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