Form 990 for tax year 2023
Filed by PURPLE HAZE STANDARD BRED ADOPTION PROGRAM INC.
Totals
- Total revenue
- $241,016
- Total expenses
- $283,520
- Contributions and grants received
- $165,508
- Grants paid
- $0
- Program service revenue
- $74,127
- Investment income
- $0
- Other revenue
- $1,381
- Total assets, end of year
- $369,372
- Total liabilities, end of year
- $459,515
- Net assets or fund balances, end of year
- -$90,143
- Program services expenses (Part IX)
- $275,882
- Management and general expenses
- $7,638
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $275,882
Program services were 97.3% 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
$165,508
-
2a · Program service revenue: ADOPTION FEE
total $39,330 · related or exempt $39,330
-
2b · Program service revenue: SPONSORSHIP
total $34,797 · related or exempt $34,797
-
8a · Fundraising events: gross income
$251
-
8b · Fundraising events: direct expenses
$414
-
8c · Net income from fundraising events
total -$163 · excluded -$163
-
11a · Other revenue: REIMBURSED EXPENSES
total $1,544 · related or exempt $1,544
-
11e · Other revenue, total
$1,544
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $117,247 · program services $117,247
-
9 · Other employee benefits
total $3,449 · program services $3,449
-
10 · Payroll taxes
total $8,970 · program services $8,970
-
11c · Fees: accounting
total $2,764 · program services $1,382 · management and general $1,382
-
11g · Fees: other
total $7,400 · program services $3,700 · management and general $3,700
-
12 · Advertising and promotion
total $7,081 · program services $7,081
-
13 · Office expenses
total $3,862 · program services $1,931 · management and general $1,931
-
16 · Occupancy
total $30,946 · program services $30,946
-
17 · Travel
total $4,185 · program services $4,185
-
22 · Depreciation, depletion and amortization
total $30,169 · program services $30,169
-
23 · Insurance
total $12,759 · program services $12,759
-
24a · Other expenses: EQUINE CARE
total $50,405 · program services $50,405
-
24b · Other expenses: PAYROLL PROCESSING
total $3,033 · program services $3,033
-
24c · Other expenses: CONTRACT SERVICES
total $1,250 · program services $625 · management and general $625
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,215 · end of year $32,580
-
10a · Land, buildings and equipment: cost or other basis
$491,671
-
10b · Land, buildings and equipment: accumulated depreciation
$154,879
-
10c · Land, buildings and equipment, net
beginning of year $360,561 · end of year $336,792
-
19 · Deferred revenue
end of year $31,100
-
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 -$47,639 · end of year -$90,143
Mission and programs · 2023
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 2023, THE ORGANIZATION INCREASED DONATION AND PROGRAM REVENUE BY OVER $13,000 FROM THE PRIOR YEAR.
-
THE ORGANIZATION WAS RE-ACCREDITED IN YEAR 2023 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.
Revenue $18,500
-
THERE HAS BEEN A CONCENTRATED EFFORT TO PROMOTE SECOND CAREERS FOR THE STANDARDBRED HORSE AFTER RACING. PROMOTIONAL ATTENDANCE AT EQUINE EVENTS TO SHOWCASE THE PROGRAM AND THE HORSES AVAILABLE HAS RESULTED IN MORE EXPOSURE AND 21 MORE ADOPTIONS IN 2023 COMPARED TO THE PRIOR YEAR.
Revenue $39,330
-
INCOME AND EXPENSES FROM PROGRAM INCOME AND OPERATIONS ACTIVITIES.
Expenses $275,882 · Revenue $17,841
As filed on the 2023 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
- 2023
- Filed
- 10 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422889349301227
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.