Civic Intelligence

Sound Equine Options

990 • Fiscal year 2015 • EIN 27-1064431

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 10, 2016

PO Box 1150Gresham, OR 97080-0248

(503) 328-9053

Siviq Scores

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

Liabilities / Assets

64th percentile

0.02x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

83rd percentile

$21,223

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

90th percentile

88%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

51st percentile

1.8%

Faster revenue growth than 51% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$71,245

Up $33,394 (+88%) from 2014

Net Assets

Up

$70,176

Up $33,105 (+89%) from 2014

Liabilities

Up

$1,069

Up $289 (+37%) from 2014

Revenue

Up

$201,275

Up $3,502 (+1.8%) from 2014

Expenses

Down

$168,170

Down $12,509 (-6.9%) from 2014

Net Income

Up

$33,105

Up $16,011 (+94%) from 2014

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2013: $19,977Liabilities 2013: $0Net Assets 2013: $19,9772013Assets 2014: $37,851Liabilities 2014: $780Net Assets 2014: $37,0712014Assets 2015: $71,245Liabilities 2015: $1,069Net Assets 2015: $70,1762015Assets 2016: $49,905Liabilities 2016: $2,148Net Assets 2016: $47,7572016Assets 2017: $120,790Liabilities 2017: $781Net Assets 2017: $120,0092017Assets 2018: $96,881Liabilities 2018: $4,369Net Assets 2018: $92,5122018Assets 2019: $219,803Liabilities 2019: $23,801Net Assets 2019: $196,0022019Assets 2020: $540,475Liabilities 2020: $33,081Net Assets 2020: $507,3942020Assets 2021: $830,984Liabilities 2021: $12,503Net Assets 2021: $818,4812021Assets 2022: $666,174Liabilities 2022: $19,492Net Assets 2022: $646,6822022Assets 2023: $611,326Liabilities 2023: $21,097Net Assets 2023: $590,2292023Assets 2024: $636,719Liabilities 2024: $8,414Net Assets 2024: $628,3052024

Highlighted filing

2015

Assets$71,245
Liabilities$1,069
Net Assets$70,176

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2013: $148,439Expenses 2013: $149,275Net Income 2013: -$8362013Revenue 2014: $197,773Expenses 2014: $180,679Net Income 2014: $17,0942014Revenue 2015: $201,275Expenses 2015: $168,170Net Income 2015: $33,1052015Revenue 2016: $174,762Expenses 2016: $197,181Net Income 2016: -$22,4192016Revenue 2017: $266,705Expenses 2017: $192,248Net Income 2017: $74,4572017Revenue 2018: $241,386Expenses 2018: $268,883Net Income 2018: -$27,4972018Revenue 2019: $501,549Expenses 2019: $398,059Net Income 2019: $103,4902019Revenue 2020: $819,711Expenses 2020: $508,040Net Income 2020: $311,6712020Revenue 2021: $878,198Expenses 2021: $567,111Net Income 2021: $311,0872021Revenue 2022: $447,131Expenses 2022: $618,930Net Income 2022: -$171,7992022Revenue 2023: $638,015Expenses 2023: $694,468Net Income 2023: -$56,4532023Revenue 2024: $673,794Expenses 2024: $639,129Net Income 2024: $34,6652024

Highlighted filing

2015

Revenue$201,275
Expenses$168,170
Net Income$33,105
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 10, 2016
Return Version
2015v2.1
Gross Receipts
$222,156
Mission and Program Overview

Mission

Saving equine lives through support, education, rehabilitation and training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,451$61,845▲ $33,394
Land, Buildings, and Equipment, Net$5,930$5,930→ $0
Inventories for Sale or Use$3,470$3,470→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$37,851$71,245▲ $33,394
Liabilities
Accounts Payable and Accrued Expenses$780$1,069▲ $289
Total Liabilities$780$1,069▲ $289
Net Assets / Fund Balance
Total Net Assets Fund Balance$37,071$70,176▲ $33,105
Total Liabilities and Net Assets / Fund Balance$37,851$71,245▲ $33,394

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,930-$5,930
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kim MosimanExecutive DirectorPT$21,223$21,223

Board Members and Trustees

NameTitle
Elisabeth WolffPresident
Renee HoemVice President
Wendy GeberSecretary
Sheila HornockerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$128,923
Program Service Revenue
$22,599
Investment Income
$0
Other Revenue
$49,753
All Other Contributions
$128,713
Change in Net Assets
$33,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,466
Salaries, Compensation, and Employee Benefits$29,704
Total Fundraising Expense$12,889
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$4,712$11,478$5,806$21,996
Current Officers, Directors, Trustees, and Key Employees$7,428$7,428$6,367$21,223
Other Expenses$17,581--$17,581
Other Salaries and Wages$5,479--$5,479
Payroll Taxes$1,451$835$716$3,002
Fees for Services Accounting-$2,741-$2,741
Insurance-$1,628-$1,628
Travel-$1,324-$1,324
Total Functional Expenses$129,847$25,434$12,889$168,170
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,282
Fundraising Direct Expenses$20,881
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Poker for Ponies$33,471$33,471$11,154$22,317
Horse Show$5,650$5,650$3,820$1,830
Total Events$70,282$70,282$20,881$49,401
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 4

The organization amended the bylaws with the following changes: 1. Changed from membership to non-membership. 2. Corporate office location 3. Board of directors number, tenure and qualifications of directors 4. Officer election and term of office 10. Conflict of interest policy added

Form 990, Part VI, Section B, Line 11

The 990 was distributed to each board member with a request and deadline for feedback.

Form 990, Part VI, Section B, Line 12C

Board members are required to disclose any potential conflict of interest on any seo situations and / or votes. Seo undertakes a periodic review of transactions involving any significant expenditure of organizational funds to ensure any compensation paid continues to be reasonable.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Sound Equine Options
EIN
27-1064431
Phone
5033289053
Address
PO BOX 1150, GRESHAM, OR 97080-0248

Signing Officer

Name
Kim Mosiman
Title
Executive Director
Phone
5033289053
Signed
2016-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Mosiman
Formed
2009
Legal Domicile
Or
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
85

Preparer

Firm
Hoffman Stewart & Schmidt Pc
Address
4900 MEADOWS ROAD STE 200, LAKE OSWEGO, OR 97035-3295
Preparer
Todd D Massinger
Phone
5032205900
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Vehicle expenses: program service expenses 0. Management and general expenses 4,508. Fundraising expenses 0. Total expenses 4,508. Promotion costs: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,827. Total expenses 3,827. Printing and postage: program service expenses 0. Management and general expenses 457. Fundraising expenses 1,979. Total expenses 2,436. Other horse expenses: program service expenses 2,375. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,375. Law enforcement seizure expense: program service expenses 2,337. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,337. Computer expenses: program service expenses 0. Management and general expenses 1,977. Fundraising expenses 0. Total expenses 1,977. Telephone and telecommunications: program service expenses 0. Management and general expenses 1,518. Fundraising expenses 0. Total expenses 1,518. Other expenses: program service expenses 0. Management and general expenses 982. Fundraising expenses 0. Total expenses 982. Supplies: program service expenses 0. Management and general expenses 968. Fundraising expenses 0. Total expenses 968. Bank charges: program service expenses 0. Management and general expenses 943. Fundraising expenses 0. Total expenses 943. Business registration fees: program service expenses 0. Management and general expenses 125. Fundraising expenses 0. Total expenses 125.

Form 990 Part XII Line 1

USING MODIFIED CASH.

Raw XML Appendix383 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt05930
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05930
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05930
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt020881
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0POKER FOR PONIES
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0HORSE SHOW
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt033471
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt031161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt070282
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt033471
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt05650
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt031161
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt070282
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt049401
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt05907
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt020881
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt011154
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03820
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt04
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION AMENDED THE BYLAWS WITH THE FOLLOWING CHANGES: 1. CHANGED FROM MEMBERSHIP TO NON-MEMBERSHIP. 2. CORPORATE OFFICE LOCATION 3. BOARD OF DIRECTORS NUMBER, TENURE AND QUALIFICATIONS OF DIRECTORS 4. OFFICER ELECTION AND TERM OF OFFICE 10. CONFLICT OF INTEREST POLICY ADDED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS DISTRIBUTED TO EACH BOARD MEMBER WITH A REQUEST AND DEADLINE FOR FEEDBACK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST ON ANY SEO SITUATIONS AND / OR VOTES. SEO UNDERTAKES A PERIODIC REVIEW OF TRANSACTIONS INVOLVING ANY SIGNIFICANT EXPENDITURE OF ORGANIZATIONAL FUNDS TO ENSURE ANY COMPENSATION PAID CONTINUES TO BE REASONABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VEHICLE EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,508. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,508. PROMOTION COSTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 3,827. TOTAL EXPENSES 3,827. PRINTING AND POSTAGE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 457. FUNDRAISING EXPENSES 1,979. TOTAL EXPENSES 2,436. OTHER HORSE EXPENSES: PROGRAM SERVICE EXPENSES 2,375. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,375. LAW ENFORCEMENT SEIZURE EXPENSE: PROGRAM SERVICE EXPENSES 2,337. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,337. COMPUTER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,977. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,977. TELEPHONE AND TELECOMMUNICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,518. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,518. OTHER EXPENSES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 982. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 982. SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 968. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 968. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 943. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 943. BUSINESS REGISTRATION FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 125. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 125.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5USING MODIFIED CASH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART XII LINE 1
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OR
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt037851
IRS990/TotalAssetsEOYAmt071245
IRS990/TotalAssetsGrp/BOYAmt037851
IRS990/TotalAssetsGrp/EOYAmt071245
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0128923
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt012889
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025434
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129847
IRS990/TotalFunctionalExpensesGrp/TotalAmt0168170
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0780
IRS990/TotalLiabilitiesEOYAmt01069
IRS990/TotalLiabilitiesGrp/BOYAmt0780
IRS990/TotalLiabilitiesGrp/EOYAmt01069
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt037071
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt070176
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0129847
IRS990/TotalProgramServiceRevenueAmt022599
IRS990/TotalReportableCompFromOrgAmt021223
IRS990/TotalRevenueGrp/ExclusionAmt049401
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt022951
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0201275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt085
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt037851
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt071245
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01324
IRS990/TravelGrp/TotalAmt01324
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt0PO BOX 1150
IRS990/USAddress/CityNm0GRESHAM
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097080
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.SOUNDEQUINEOPTIONS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-12-15 16:53:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KIM MOSIMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05033289053
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUND EQUINE OPTIONS
ReturnHeader/Filer/BusinessNameControlTxt0SOUN
ReturnHeader/Filer/EIN0271064431
ReturnHeader/Filer/PhoneNum05033289053
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1150
ReturnHeader/Filer/USAddress/CityNm0GRESHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd0970800248
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930743240
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOFFMAN STEWART & SCHMIDT PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04900 MEADOWS ROAD STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAKE OSWEGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0970353295
ReturnHeader/PreparerPersonGrp/PhoneNum05032205900
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TODD D MASSINGER
ReturnHeader/ReturnTs02016-08-22T18:43:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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