Civic Intelligence

Project Horse Inc

990 • Fiscal year 2017 • EIN 26-2263132

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

20015 Great Falls Forest DriveGreat Falls, VA 22066

(703) 517-6964

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.52x

Higher debt load relative to assets than 90% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

86th percentile

0.18x

Higher debt load relative to revenue than 86% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

60th percentile

8.4%

Higher net margin than 60% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

87th percentile

64%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

53rd percentile

3.0%

Faster revenue growth than 53% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$67,051

Up $26,240 (+64%) from 2016

Net Assets

Up

$31,920

Up $16,109 (+102%) from 2016

Liabilities

Up

$35,131

Up $10,131 (+41%) from 2016

Revenue

Up

$196,325

Up $5,763 (+3.0%) from 2016

Expenses

Down

$179,773

Down $3,672 (-2.0%) from 2016

Net Income

Up

$16,552

Up $9,435 (+133%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2014: $45,459Liabilities 2014: $22,035Net Assets 2014: $23,4242014Assets 2015: $23,040Liabilities 2015: $14,346Net Assets 2015: $8,6942015Assets 2016: $40,811Liabilities 2016: $25,000Net Assets 2016: $15,8112016Assets 2017: $67,051Liabilities 2017: $35,131Net Assets 2017: $31,9202017Assets 2018: $66,348Liabilities 2018: $32,545Net Assets 2018: $33,8032018Assets 2019: $51,213Liabilities 2019: $27,215Net Assets 2019: $23,9982019Assets 2020: $160,759Liabilities 2020: $89,192Net Assets 2020: $71,5672020Assets 2021: $149,172Liabilities 2021: $103,667Net Assets 2021: $45,5052021Assets 2022: $99,846Liabilities 2022: $66,840Net Assets 2022: $33,0062022Assets 2023: $88,301Liabilities 2023: $60,750Net Assets 2023: $45,5932023Assets 2024: $98,092Liabilities 2024: $85,474Net Assets 2024: $12,6182024

Highlighted filing

2017

Assets$67,051
Liabilities$35,131
Net Assets$31,920

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $136,111Expenses 2014: $149,426Net Income 2014: -$13,3152014Revenue 2015: $153,270Expenses 2015: $168,000Net Income 2015: -$14,7302015Revenue 2016: $190,562Expenses 2016: $183,445Net Income 2016: $7,1172016Revenue 2017: $196,325Expenses 2017: $179,773Net Income 2017: $16,5522017Revenue 2018: $212,393Expenses 2018: $205,898Net Income 2018: $6,4952018Revenue 2019: $223,798Expenses 2019: $233,603Net Income 2019: -$9,8052019Revenue 2020: $259,409Expenses 2020: $211,840Net Income 2020: $47,5692020Revenue 2021: $131,277Expenses 2021: $157,339Net Income 2021: -$26,0622021Revenue 2022: $23,772Expenses 2022: $33,934Net Income 2022: -$10,1622022Revenue 2023: $40,415Expenses 2023: $27,828Net Income 2023: $12,5872023Revenue 2024: $21,760Expenses 2024: $36,693Net Income 2024: -$14,9332024

Highlighted filing

2017

Revenue$196,325
Expenses$179,773
Net Income$16,552
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$201,199
Mission and Program Overview

Mission

Project Horse serves the mental health and wellness needs of children, teens and adults by providing alternative therapy services and experiential learning programs. In partnership with our herd of rehabilitated horses, our staff of mental health professionals and equine specialists are able to reach and help even the most vulnerable members of the community.

Project horse connects people in need of renewed hope and confidence with rehabilitated rescue horses, through innovative experiential learning and therapy programs. The calming presence of horses, with their keen ability to sense and respond to the human condition, provides an ideal environment for healing andself-discovery. Project horse is dedicated to improving the quality of life for both horses and humans, creating a unique community of mutual healing and benefit.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$34,512$35,492▲ $980
Loans From Officers Directors$25,000$35,131▲ $10,131
Cash and Non-Interest-Bearing Accounts$6,184$29,559▲ $23,375
Inventories for Sale or Use$115$0▼ $115
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$40,811$67,051▲ $26,240
Other Assets Total-$2,000-
Liabilities
Total Liabilities$25,000$35,131▲ $10,131
Net Assets / Fund Balance
Unrestricted Net Assets$15,811$31,920▲ $16,109
Total Net Assets Fund Balance$15,811$31,920▲ $16,109
Total Liabilities and Net Assets / Fund Balance$40,811$67,051▲ $26,240

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$24,489$21,412$45,901
Leasehold Improvements$9,805$3,645$13,450
Other Land Buildings$1,198$1,765$2,963
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andrew WoessnerChair
Cassi SpigleDirector
Courtney MarshallDirector
Jeff KimbleDirector
John BrowningDirector
Tom MorleySecretary
Darcy WoessnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$86,070
Program Service Revenue
$105,751
Investment Income
$0
Other Revenue
$4,504
All Other Contributions
$86,070
Change in Net Assets
$16,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$179,773
Total Fundraising Expense$177
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$24,359$2,707-$27,066
Depreciation Depletion$8,762$973-$9,735
All Other Expenses$1,091$3,189$177$4,457
Advertising$890$3,004-$3,894
Insurance-$3,308-$3,308
Other Expenses$923$924-$1,847
Fees for Services Accounting-$1,585-$1,585
Fees for Services Other-$1,000-$1,000
Interest-$170-$170
Total Functional Expenses$162,498$17,098$177$179,773
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,130
Fundraising Direct Expenses$4,874
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$25,000$35,131▲ $10,131
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

The Board Chair and Treasurer are married.

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of the form 990 was given to the Treasurer for review. Additions and corrections were made as necessary. The finalized form 990 was given to the Board of Directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Financial Statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Project Horse Inc
EIN
26-2263132
Phone
7035176964
Address
20015 GREAT FALLS FOREST DRIVE, GREAT FALLS, VA 22066

Signing Officer

Name
Darcy Woessner
Title
Treasurer
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrew Woessner
Formed
2008
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
40

Preparer

Firm
Dunham Aukamp & Rhodes Plc
Address
4437 Brookfield Corporate Dr Suite, CHANTILLY, VA 20151
Preparer
Mark J Rhodes CPA
Phone
7036318940
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IRS990/PriorPeriodAdjustmentsAmt0-443
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624100
IRS990/ProgramServiceRevenueGrp/BusinessCd1532000
IRS990/ProgramServiceRevenueGrp/BusinessCd2624100
IRS990/ProgramServiceRevenueGrp/Desc0ASSISTED WELLNESS
IRS990/ProgramServiceRevenueGrp/Desc1BOARDING
IRS990/ProgramServiceRevenueGrp/Desc2THERAPY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt014076
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt119587
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt272088
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt014076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt119587
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt272088
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt081681
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt08708
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0183445
IRS990/PYOtherRevenueAmt02540
IRS990/PYProgramServiceRevenueAmt097633
IRS990/PYRevenuesLessExpensesAmt07117
IRS990/PYTotalExpensesAmt0183445
IRS990/PYTotalRevenueAmt0190562
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt016552
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt07160
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt030689
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt043106
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt035353
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt052415
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0168723
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt086070
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt081681
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt081504
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt068854
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt085616
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0403725
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt09
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0105751
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt097633
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt056665
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042704
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt041057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0343810
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt019587
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt011248
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt015101
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt024544
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt024008
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt094488
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt09
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.78540
IRS990ScheduleA/PublicSupportPY509Pct00.71760
IRS990ScheduleA/PublicSupportTotal509Amt0661300
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt07160
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt030689
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt043106
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt035353
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt064415
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0180723
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt012000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt012000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0211408
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0190562
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0153270
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0136102
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0150681
IRS990ScheduleA/Total509Grp/TotalAmt0842023
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0211408
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0190562
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0153270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0136111
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0150681
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0842032
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt024489
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021412
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt045901
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt09805
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03645
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt013450
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01198
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01765
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02963
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035492
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt027700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Vehicle Purchase
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt027700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Darcy Woessner
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Treasurer
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt027700
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board Chair and Treasurer are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A draft of the form 990 was given to the Treasurer for review. Additions and corrections were made as necessary. The finalized form 990 was given to the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Financial Statements are made available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt040811

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