Project Horse Inc

“Bank Service Charges - 35”

“Depreciation Expense - 3044”

“Grain & Supplements - 933”

“Horse - Board (care, feeding & lodging) - 12400”

“Horse - Farrier - 530”

“Horse - Supplies & Small Eqp. - 118”

“Horse - Veterinary & Medical - 9085”

“Info Tech: Computer ? Software - 2016”

“Interest Expense (paid on EIDL loan) - 1683”

“Late Fees & Penalty Assessments - 18”

“Office Expenses - Supplies - 290”

“Processing Fees (for Contributions made via credit card) - 74”

“Professional Development, Trainings & Support - 299”

“Registrations - 20”

“Vehicle Expenses (Insurance, Registration, Repairs & Maintenance, and Fuel) - 5458”

“In October 2024, the organization's vehicle, an Ford F-150, was traded in for a different Ford truck. The F-150, and its corresponding Depreciation, were removed from the books. The F-150's value at the beginning of the year, minus the truck's trade-in value and 9.5 months of depreciation for this year, left a modest net gain on the truck's disposal. This amount, $1,775, is reported in Part I, Line 5c. - Beginning Of Year Amount: 49165 End Of Year Amount:0”

“In October, for the trade-in of the F-150, plus a portion of unrestricted Net Assets, the organization purchased a new 2023 Ford Bronco. The Bronco's starting value, as of its October date of purchase, was $73,055. Since we did not own the Bronco at the beginning of the year, we left that amount at $0. The year-end amount has been lowered by the 2.5 months of this asset's Depreciation. We calculate Depreciation based on a 5-year span of useful life. - Beginning Of Year Amount: 0 End Of Year Amount:70011”

“Loan -- SBA EIDL Disaster Loan (COVID) - Beginning Of Year Amount: 60750 End Of Year Amount:54188”

“Shareholder Loan by Darcy Woessner (ED), to help purchase Ford Bronco in October. [Because ED forgot the check, balance owed after trade-in was put on organization's debit card. The bank had a $20,000 limit on debit card transactions, so ED put the remaining $3,055 on her personal credit card.] - Beginning Of Year Amount: 0 End Of Year Amount:3055”

“Other Liabilities (impacted Fund Balances): Project Horse implemented a new accounting system during the end of 2024. As part of the migration to the new system, we experienced some opening balance issues (where the new software incorrectly converted balances for some accounts). As a result, we needed to make some adjustments in order to get all year-end fund balances properly aligned (for the end of 2024 / start of 2025). - Beginning Of Year Amount: 0 End Of Year Amount:28231”

“ADDITIONAL INFORMATION: As the Executive Director of Project Horse, Ms. Woessner was provided a very modest stipend, as a subcontractor, for her work with clients and their families in 2024. The amount of the monthly stipend accrued during 2024, and it was paid out by the organization, to Ms. Woessner, in the beginning of 2025.”

“Program service accomplishments: equine assisted services and programs ? A) equine assisted mental health services: non-riding psychotherapy services consisting of individual, family or group behavioral therapy sessions. These are conducted by licensed therapists and certified equine specialists, utilizing horses as integral partners in the therapy process. Project horse served 42 individuals in therapy this year. B) equine assisted wellness programs (group workshops, teambuilding, day camps): non-riding wellness programs, led by counselors and/or equine specialists, consisting of experiential activities with horses. The focus is on building skills around interpersonal relationships, leadership, connection and communication, as well as any other personal growth and development areas. Project horse served 67 individuals in its wellness programs this year. *** through its equine assisted services and programs in 2024, project horse supported the mental health and wellbeing of a total of 109 individuals through its direct services. This figure is made up of child, adolescent and adult participants of various ages. Additionally, we estimate supporting another 305 individuals, as indirect beneficiaries of our services in 2024, like siblings, parents, caregivers and teachers. ***”

“Clarification of related parties: the executive director and treasurer are married. They are related as spouses: darcy woessner is the executive director, and andrew woessner is the treasurer.”

“Additional information: a) regarding a personal loan that was made by the ms. Woessner, the ed, to the organization in october 2024. This small loan was made to assist the organization in its purchase of a new vehicle. Additional detail is provided in schedule l. B) regarding personal benefit contracts: the organization did not, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract. The organization did not, during the year, pay any premiums, directly or indirectly, on a personal benefit contract.”