Civic Intelligence

Horseshoe Foundation of Floyd County Inc.

990 • Fiscal year 2017 • EIN 35-2086312

Jan 01, 2017 to Dec 31, 2017 • Filed on Mar 28, 2018

Organization ProfileWWW.HORSESHOEFOUNDATION.ORG
33 South State Street Rm Ste 344New Albany, IN 47151-1800

(812) 945-4332

Siviq Scores

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

Liabilities / Assets

51st percentile

0.27x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Liabilities / Revenue

88th percentile

2.41x

Higher debt load relative to revenue than 88% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Net Margin

89th percentile

41%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Top Officer Pay

18th percentile

$134,513

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2017

Asset Growth

78th percentile

14%

Faster asset growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Revenue Growth

19th percentile

-6.9%

Faster revenue growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$32,664,700

Up $4,102,410 (+14%) from 2016

Net Assets

Up

$23,943,971

Up $5,205,855 (+28%) from 2016

Liabilities

Down

$8,720,729

Down $1,103,445 (-11%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin89th percentile

Revenue

Down

$3,614,256

Down $266,198 (-6.9%) from 2016

Expenses

Down

$2,114,375

Down $3,943,836 (-65%) from 2016

Net Income

Up

$1,499,881

Up $3,677,638 (+169%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

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

$60M$40M$20M$0Assets 2010: $20,894,297Liabilities 2010: $9,641,751Net Assets 2010: $11,252,5462010Assets 2011: $19,967,445Liabilities 2011: $9,024,777Net Assets 2011: $10,942,6682011Assets 2012: $22,647,496Liabilities 2012: $8,411,866Net Assets 2012: $14,235,6302012Assets 2013: $26,368,965Liabilities 2013: $8,989,765Net Assets 2013: $17,379,2002013Assets 2014: $27,777,112Liabilities 2014: $8,033,606Net Assets 2014: $19,743,5062014Assets 2015: $26,744,735Liabilities 2015: $6,742,157Net Assets 2015: $20,002,5782015Assets 2016: $28,562,290Liabilities 2016: $9,824,174Net Assets 2016: $18,738,1162016Assets 2017: $32,664,700Liabilities 2017: $8,720,729Net Assets 2017: $23,943,9712017Assets 2018: $29,927,435Liabilities 2018: $8,132,605Net Assets 2018: $21,794,8302018Assets 2020: $39,133,528Liabilities 2020: $6,230,768Net Assets 2020: $32,902,7602020Assets 2021: $43,854,636Liabilities 2021: $5,423,021Net Assets 2021: $38,431,6152021Assets 2022: $36,139,170Liabilities 2022: $5,039,282Net Assets 2022: $31,099,8882022Assets 2023: $39,939,535Liabilities 2023: $4,455,992Net Assets 2023: $35,483,5432023Assets 2024: $44,201,512Liabilities 2024: $3,647,363Net Assets 2024: $40,554,1492024

Highlighted filing

2017

Assets$32,664,700
Liabilities$8,720,729
Net Assets$23,943,971
Open 2017 Filing

Operations Trend

Revenue Growth19th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,581,8152010Expenses 2011: $2,556,9002011Expenses 2012: $2,587,1602012Revenue 2013: $4,742,182Expenses 2013: $3,912,545Net Income 2013: $829,6372013Revenue 2014: $3,754,281Expenses 2014: $2,121,442Net Income 2014: $1,632,8392014Revenue 2015: $3,553,263Expenses 2015: $2,070,516Net Income 2015: $1,482,7472015Revenue 2016: $3,880,454Expenses 2016: $6,058,211Net Income 2016: -$2,177,7572016Revenue 2017: $3,614,256Expenses 2017: $2,114,375Net Income 2017: $1,499,8812017Revenue 2018: $3,510,643Expenses 2018: $2,044,273Net Income 2018: $1,466,3702018Revenue 2020: $6,490,239Expenses 2020: $1,975,037Net Income 2020: $4,515,2022020Revenue 2021: $8,593,173Expenses 2021: $2,436,992Net Income 2021: $6,156,1812021Revenue 2022: $3,791,556Expenses 2022: $2,969,766Net Income 2022: $821,7902022Revenue 2023: $5,479,749Expenses 2023: $2,589,465Net Income 2023: $2,890,2842023Revenue 2024: $3,983,343Expenses 2024: $2,347,825Net Income 2024: $1,635,5182024

Highlighted filing

2017

Revenue$3,614,256
Expenses$2,114,375
Net Income$1,499,881
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Mar 28, 2018
Return Version
2017v2.3
Gross Receipts
$4,438,882
Mission and Program Overview

Mission

To provide grants to support non profit organizations, schools, and government agencies in new albany and floyd county, indiana. Also to provide scholarships for post secondary education to deserving students who live within the county and who desire to pursue a higher education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$24,682,640$28,803,708▲ $4,121,068
Rtn Earn Endowment Incm Other Fnds$18,738,116$23,943,971▲ $5,205,855
Investments Other Securities$1,444,253$1,429,227▼ $15,026
Savings and Temporary Cash Investments$1,118,525$1,070,735▼ $47,790
Cash and Non-Interest-Bearing Accounts$820,811$845,913▲ $25,102
Pledges and Grants Receivable$492,933$512,931▲ $19,998
Land, Buildings, and Equipment, Net$3,128$2,186▼ $942
Total Assets$28,562,290$32,664,700▲ $4,102,410
Liabilities
Grants Payable$9,824,174$8,720,729▼ $1,103,445
Total Liabilities$9,824,174$8,720,729▼ $1,103,445
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,738,116$23,943,971▲ $5,205,855
Total Liabilities and Net Assets / Fund Balance$28,562,290$32,664,700▲ $4,102,410

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,186$34,339$36,525
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jerry FinnExecutive DiFT$120,177$14,336$134,513

Board Members and Trustees

NameTitle
Mark SeabrookPresident
Bob CaesarBoard Member
David AebersoldBoard Member
Renee NadeauBoard Member
Judy HessSecretary
Brad SeigalTreasurer/in
Jeff GahanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$2,707,373
Program Service Revenue
$0
Investment Income
$906,746
Other Revenue
$137
All Other Contributions
$2,707,373
Change in Net Assets
$1,499,881

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,614,256
Revenue Not Reported on Form 990
$3,705,974
Total Revenue per Audited Statements
$7,320,230
Total Revenue per Form 990
$3,614,256
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,657,910
Other Expenses$236,289
Salaries, Compensation, and Employee Benefits$220,176
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,182,629--$1,182,629
Grants to Domestic Individuals$475,281--$475,281
Other Salaries and Wages$92,657$92,657-$185,314
Fees for Service Investment Mgmnt Fees$53,703$53,703-$107,406
Other Expenses$90,237--$90,237
Advertising$7,724$7,725-$15,449
Payroll Taxes$7,515$7,516-$15,031
Other Employee Benefits$7,240$7,241-$14,481
Office Expenses$4,703$4,704-$9,407
Fees for Services Other$4,050$4,051-$8,101
Pension Plan Contributions$2,675$2,675-$5,350
Insurance$1,805$1,805-$3,610
Travel$568$568-$1,136
Depreciation Depletion$471$472-$943
Total Functional Expenses$1,931,258$183,117$0$2,114,375

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,114,375
Total Expenses per Audited Statements$2,114,375
Total Expenses per Form 990$2,114,375
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
See Attached Schedule---$1,153,939
Donations and Sponsorships---$28,690
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“The 990 is reviewed and approved by the executive director and board of directors before being filed”

Form 990, Page 6, Part VI, Line 12C

“The organization has a detailed conflicts of interest policy which requires reporting of potential conflicts by the board and committee members which is monitored by the board.”

Form 990, Page 6, Part VI, Line 15A

“Any change in the executive director's compensation is subject to review and board approval”

Form 990, Page 6, Part VI, Line 15B

“Any change in compensation for the office administration manager is subject to review and board approval”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available to the public upon request”

Filing and Contact Details

Filer

Filer Name
Horseshoe Foundation
EIN
35-2086312
Phone
8129454332
Address
33 SOUTH STATE STREET RM STE 344, NEW ALBANY, IN 47151-1800

Signing Officer

Name
Jerry Finn
Title
Executive Director
Phone
8129454332
Signed
2018-03-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jerry Finn
Formed
2000
Legal Domicile
In
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
34

Preparer

Firm
Rodefer Moss & Co Pllc
Address
301 E ELM STREET, NEW ALBANY, IN 47150
Preparer
Richard N Robinson CPA
Phone
8129455236
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To provide grants to support non profit organizations, schools, and government agencies in new albany and floyd county, indiana. Also to provide scholarships for post secondary education to deserving students who live within the county and who desire to pursue a higher education.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal, state and local income taxes under section 501(c)(3) of the internal revenue code as a nonprofit organization other than a private foundation. The foundation evaluates its uncertain tax positions in accordance with applicable standards. It has evaluated its tax positions, and believes that it has none that are uncertain.”

Raw XML AppendixShowing 400 of 411 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE GRANTS TO SUPPORT NON PROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT AGENCIES IN NEW ALBANY AND FLOYD COUNTY, INDIANA. ALSO TO PROVIDE SCHOLARSHIPS FOR POST SECONDARY EDUCATION TO DESERVING STUDENTS WHO LIVE WITHIN THE COUNTY AND WHO DESIRE TO PURSUE A HIGHER EDUCATION.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt07725
IRS990/AdvertisingGrp/ProgramServicesAmt07724
IRS990/AdvertisingGrp/TotalAmt015449
IRS990/AllOtherContributionsAmt02707373
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0JERRY FINN
IRS990/BooksInCareOfDetail/PhoneNum08129454332
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt033 SOUTH STATE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW ALBANY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd047150
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0820811
IRS990/CashNonInterestBearingGrp/EOYAmt0845913
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02707373
IRS990/CYGrantsAndSimilarPaidAmt01657910
IRS990/CYInvestmentIncomeAmt0906746
IRS990/CYOtherExpensesAmt0236289
IRS990/CYOtherRevenueAmt0137
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01499881
IRS990/CYSalariesCompEmpBnftPaidAmt0220176
IRS990/CYTotalExpensesAmt02114375
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03614256
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0472
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0471
IRS990/DepreciationDepletionGrp/TotalAmt0943
IRS990/Desc0GRANTS AND SCHOLARSHIPS PAID TO ORGANIZATIONS AND STUDENTS WITHIN FLOYD COUNTY. DETAIL LISTING IS ATTACHED.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01931258
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt04051
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04050
IRS990/FeesForServicesOtherGrp/TotalAmt08101
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt053703
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt053703
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0107406
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014336
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0JERRY FINN
IRS990/Form990PartVIISectionAGrp/PersonNm1MARK SEABROOK
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFF GAHAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JUDY HESS
IRS990/Form990PartVIISectionAGrp/PersonNm4BRAD SEIGAL
IRS990/Form990PartVIISectionAGrp/PersonNm5BOB CAESAR
IRS990/Form990PartVIISectionAGrp/PersonNm6RENEE NADEAU
IRS990/Form990PartVIISectionAGrp/PersonNm7DAVID AEBERSOLD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0120177
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER/IN
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0297927
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt01657910
IRS990/GrantsPayableGrp/BOYAmt09824174
IRS990/GrantsPayableGrp/EOYAmt08720729
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0475281
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0475281
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01182629
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01182629
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01122553
IRS990/GrossReceiptsAmt04438882
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01805
IRS990/InsuranceGrp/ProgramServicesAmt01805
IRS990/InsuranceGrp/TotalAmt03610
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0608819
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0608819
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01444253
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01429227
IRS990/InvestmentsPubTradedSecGrp/BOYAmt024682640
IRS990/InvestmentsPubTradedSecGrp/EOYAmt028803708
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt034339
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03128
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02186
IRS990/LandBldgEquipCostOrOtherBssAmt036525
IRS990/LegalDomicileStateCd0IN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0824626
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE GRANTS TO SUPPORT NON PROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT AGENCIES IN NEW ALBANY AND FLOYD COUNTY, INDIANA. ALSO TO PROVIDE SCHOLARSHIPS FOR POST SECONDARY EDUCATION TO DESERVING STUDENTS WHO LIVE WITHIN THE COUNTY AND WHO DESIRE TO PURSUE A HIGHER EDUCATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt018738116
IRS990/NetAssetsOrFundBalancesEOYAmt023943971
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0297927
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0297927
IRS990/NetUnrlzdGainsLossesInvstAmt03705974
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04704
IRS990/OfficeExpensesGrp/ProgramServicesAmt04703
IRS990/OfficeExpensesGrp/TotalAmt09407
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt07241
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07240
IRS990/OtherEmployeeBenefitsGrp/TotalAmt014481
IRS990/OtherExpensesGrp/Desc0UNCOLLECTIBLE LOANS
IRS990/OtherExpensesGrp/ProgramServicesAmt090237
IRS990/OtherExpensesGrp/TotalAmt090237
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0137
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0137
IRS990/OtherRevenueTotalAmt0137
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092657
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt092657
IRS990/OtherSalariesAndWagesGrp/TotalAmt0185314
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07516
IRS990/PayrollTaxesGrp/ProgramServicesAmt07515
IRS990/PayrollTaxesGrp/TotalAmt015031
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02675
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02675
IRS990/PensionPlanContributionsGrp/TotalAmt05350
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0492933
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0512931
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JERRY FINN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02517313
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt05692509
IRS990/PYInvestmentIncomeAmt01362191
IRS990/PYOtherExpensesAmt0155258
IRS990/PYOtherRevenueAmt0950
IRS990/PYRevenuesLessExpensesAmt0-2177757
IRS990/PYSalariesCompEmpBnftPaidAmt0210444
IRS990/PYTotalExpensesAmt06058211
IRS990/PYTotalRevenueAmt03880454
IRS990/ReconcilationRevenueExpnssAmt01499881
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt018738116
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt023943971
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01118525
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01070735
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt02
IRS990ScheduleA/SupportedOrganizationsTotalCnt02
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0356001130
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1356000144
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0828955
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1828955
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CITY OF NEW ALBANY INDIANA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1FLOYD COUNTY INDIANA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0CITY OF NEW ALBANY INDIANA
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt1FLOYD COUNTY INDIANA
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01657910
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt02186
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034339
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036525
IRS990ScheduleD/ExpensesSubtotalAmt02114375
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03705974
IRS990ScheduleD/RevenueNotReportedAmt03705974
IRS990ScheduleD/RevenueSubtotalAmt03614256
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL, STATE AND LOCAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A NONPROFIT ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE FOUNDATION EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH APPLICABLE STANDARDS. IT HAS EVALUATED ITS TAX POSITIONS, AND BELIEVES THAT IT HAS NONE THAT ARE UNCERTAIN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02186
IRS990ScheduleD/TotalExpensesPerForm990Amt02114375
IRS990ScheduleD/TotalRevenuePerForm990Amt03614256
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07320230
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02114375
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0475281
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/CashGrantAmt01153939
IRS990ScheduleI/RecipientTable/CashGrantAmt128690
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SEE ATTACHED SCHEDULE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DONATIONS AND SPONSORSHIPS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE GRANTS TO SUPPORT NON PROFIT ORGANIZATIONS, SCHOOLS, AND GOVERNMENT AGENCIES IN NEW ALBANY AND FLOYD COUNTY, INDIANA. ALSO TO PROVIDE SCHOLARSHIPS FOR POST SECONDARY EDUCATION TO DESERVING STUDENTS WHO LIVE WITHIN THE COUNTY AND WHO DESIRE TO PURSUE A HIGHER EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR AND BOARD OF DIRECTORS BEFORE BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A DETAILED CONFLICTS OF INTEREST POLICY WHICH REQUIRES REPORTING OF POTENTIAL CONFLICTS BY THE BOARD AND COMMITTEE MEMBERS WHICH IS MONITORED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY CHANGE IN THE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO REVIEW AND BOARD APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANY CHANGE IN COMPENSATION FOR THE OFFICE ADMINISTRATION MANAGER IS SUBJECT TO REVIEW AND BOARD APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt028562290
IRS990/TotalAssetsEOYAmt032664700
IRS990/TotalAssetsGrp/BOYAmt028562290
IRS990/TotalAssetsGrp/EOYAmt032664700
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02707373
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0183117
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01931258
IRS990/TotalFunctionalExpensesGrp/TotalAmt02114375
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09824174
IRS990/TotalLiabilitiesEOYAmt08720729
IRS990/TotalLiabilitiesGrp/BOYAmt09824174
IRS990/TotalLiabilitiesGrp/EOYAmt08720729
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018738116
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023943971
IRS990/TotalOtherCompensationAmt014336
IRS990/TotalProgramServiceExpensesAmt01931258
IRS990/TotalReportableCompFromOrgAmt0120177
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0906883
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03614256
IRS990/TotalVolunteersCnt034
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028562290
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt032664700
IRS990/TravelGrp/ManagementAndGeneralAmt0568
IRS990/TravelGrp/ProgramServicesAmt0568
IRS990/TravelGrp/TotalAmt01136
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt033 SOUTH STATE STREET RM STE 344
IRS990/USAddress/CityNm0NEW ALBANY
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd0471511800
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HORSESHOEFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JERRY FINN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08129454332
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HORSESHOE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0OF FLOYD COUNTY INC
ReturnHeader/Filer/BusinessNameControlTxt0HORS
ReturnHeader/Filer/EIN0352086312
ReturnHeader/Filer/PhoneNum08129454332
ReturnHeader/Filer/USAddress/AddressLine1Txt033 SOUTH STATE STREET RM STE 344
ReturnHeader/Filer/USAddress/CityNm0NEW ALBANY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd0471511800
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0F86A03A3840E3A856D3B143DBCF45452D485ACD1
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C203D834869676A68D97626325D7FF375128B48F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.26.168.4
ReturnHeader/FilingSecurityInformation/IPDt02018-04-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm010:06:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351663728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RODEFER MOSS & CO PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0301 E ELM STREET

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,664,700
Liabilities
$8,720,729
Net assets
$23,943,971
Revenue
$3,614,256
Expenses
$2,114,375
Net income
$1,499,881
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$44.2$3.65$40.6$3.98$2.35$1.64
2023Detailed filing. Detailed filing data is available for this year.$39.9$4.46$35.5$5.48$2.59$2.89
2022Detailed filing. Detailed filing data is available for this year.$36.1$5.04$31.1$3.79$2.97$0.82
2021Detailed filing. Detailed filing data is available for this year.$43.9$5.42$38.4$8.59$2.44$6.16
2020Detailed filing. Detailed filing data is available for this year.$39.1$6.23$32.9$6.49$1.98$4.52
2018Detailed filing. Detailed filing data is available for this year.$29.9$8.13$21.8$3.51$2.04$1.47
2017Detailed filing. Detailed filing data is available for this year.$32.7$8.72$23.9$3.61$2.11$1.50
2016Detailed filing. Detailed filing data is available for this year.$28.6$9.82$18.7$3.88$6.06$2.18
2015Detailed filing. Detailed filing data is available for this year.$26.7$6.74$20.0$3.55$2.07$1.48
2014Detailed filing. Detailed filing data is available for this year.$27.8$8.03$19.7$3.75$2.12$1.63
2013Detailed filing. Detailed filing data is available for this year.$26.4$8.99$17.4$4.74$3.91$0.83
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.6$8.41$14.2$2.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$9.02$10.9$2.56
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.9$9.64$11.3$2.58