Civic Intelligence

Sound Equine Options

990 • Fiscal year 2018 • EIN 27-1064431

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 18, 2019

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

73rd percentile

0.05x

Higher debt load relative to assets than 73% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.02x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

22nd percentile

-11%

Higher net margin than 22% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$41,339

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

21st percentile

-20%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-9.5%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$96,881

Down $23,909 (-20%) from 2017

Net Assets

Down

$92,512

Down $27,497 (-23%) from 2017

Liabilities

Up

$4,369

Up $3,588 (+459%) from 2017

Revenue

Down

$241,386

Down $25,319 (-9.5%) from 2017

Expenses

Up

$268,883

Up $76,635 (+40%) from 2017

Net Income

Down

-$27,497

Down $101,954 (-137%) from 2017

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

2018

Assets$96,881
Liabilities$4,369
Net Assets$92,512

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

2018

Revenue$241,386
Expenses$268,883
Net Income-$27,497
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 18, 2019
Return Version
2018v3.1
Gross Receipts
$272,122
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,342$48,972▲ $5,630
Cash and Non-Interest-Bearing Accounts$65,426$34,324▼ $31,102
Savings and Temporary Cash Investments$7,352$8,811▲ $1,459
Inventories for Sale or Use$4,670$4,670→ $0
Accounts Receivable-$104-
Total Assets$120,790$96,881▼ $23,909
Liabilities
Accounts Payable and Accrued Expenses$781$4,369▲ $3,588
Total Liabilities$781$4,369▲ $3,588
Net Assets / Fund Balance
Unrestricted Net Assets$120,009$92,512▼ $27,497
Total Net Assets Fund Balance$120,009$92,512▼ $27,497
Total Liabilities and Net Assets / Fund Balance$120,790$96,881▼ $23,909

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$42,997-$42,997
Leasehold Improvements$5,975-$5,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kim MosimanExecutive DirectorFT$41,339$41,339

Board Members and Trustees

NameTitle
Elisabeth WolffPresident
Renee HoemVice President
Amanda LetoBoard Member
Marie NaughtonCommunications/marketing
Stacie BurgessCommunity Outreach
Wendy GeberSecretary
Jackie WolffTreasurer
Anika MojeVolunteer Coordinator
Revenue and Support

Revenue Composition

Contributions and Grants
$178,911
Program Service Revenue
$9,486
Investment Income
$29
Other Revenue
$52,960
All Other Contributions
$178,911
Change in Net Assets
$-27,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,458
Salaries, Compensation, and Employee Benefits$62,425
Total Fundraising Expense$35,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,669$10,335$10,335$41,339
Other Salaries and Wages$8,011$4,006$4,005$16,022
Travel$7,644$3,822$3,821$15,287
Office Expenses$4,519$2,340$7,393$14,252
Insurance$3,821$1,911$1,911$7,643
Conferences and Meetings$3,409$1,704$1,705$6,818
Information Technology$2,641$1,321$1,321$5,283
Payroll Taxes$2,532$1,266$1,266$5,064
Fees for Services Accounting$1,578$789$789$3,156
Other Expenses$1,358-$2,984$1,358
Advertising$349-$348$697
Total Functional Expenses$205,511$27,494$35,878$268,883
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$82,871
Fundraising Direct Expenses$30,736
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mane Event$61,084$61,084$21,013$40,071
Horse Show$11,879$11,879$8,465$3,414
Total Events$82,871$82,871$30,736$52,135
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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 2

Elisabeth wolff and jackie wolff have a family relationship.

Form 990, Part VI, Section B, Line 11B

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 B, Line 15A

The board of directors approves the executive director's compensation.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are 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
2019-10-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Mosiman
Formed
2009
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
4
Volunteers
0

Preparer

Firm
Hoffman Stewart & Schmidt Pc
Address
3 CENTERPOINTE DRIVE SUITE 300, LAKE OSWEGO, OR 97035-8663
Preparer
Todd D Massinger
Phone
5032205900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 1:

The organization uses the modified cash basis of accounting.

Raw XML AppendixShowing 400 of 440 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0128923
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0122861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0712787
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt029
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0123448
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.66440
IRS990ScheduleA/PublicSupportTotal170Amt0676875
IRS990ScheduleA/SubstantialContributorsTotAmt035912
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0178911
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0101554
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0128923
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0122861
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0712787
IRS990ScheduleA/TotalSupportAmt0956994
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt052135
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042997
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05975
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05975
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0HORSE SHOW
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt09908
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELISABETH WOLFF AND JACKIE WOLFF HAVE A FAMILY RELATIONSHIP.
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/ExplanationTxt3THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 1:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1150
IRS990/USAddress/CityNm0GRESHAM

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