Civic Intelligence

Hope After Racing Thoroughbreds

990 • Fiscal year 2020 • EIN 45-1595018

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 27, 2021

1 Prairie Meadows DriveAltoona, IA 50009

(515) 967-4804

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

78th percentile

30%

Higher net margin than 78% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

97th percentile

563%

Faster asset growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

48%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$45,434

Up $38,579 (+563%) from 2019

Net Assets

Up

$45,434

Up $38,579 (+563%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Up

$129,565

Up $41,907 (+48%) from 2019

Expenses

Down

$90,986

Down $13,448 (-13%) from 2019

Net Income

Up

$38,579

Up $55,355 (+330%) from 2019

Historical Trend

Balance Sheet Trend

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

$100K$50K$0Assets 2011: $35,414Liabilities 2011: $0Net Assets 2011: $35,4142011Assets 2012: $49,588Liabilities 2012: $0Net Assets 2012: $49,5882012Assets 2013: $55,793Liabilities 2013: $0Net Assets 2013: $55,7932013Assets 2014: $60,838Liabilities 2014: $0Net Assets 2014: $60,8382014Assets 2015: $56,180Liabilities 2015: $0Net Assets 2015: $56,1802015Assets 2016: $35,911Liabilities 2016: $0Net Assets 2016: $35,9112016Assets 2017: $27,186Liabilities 2017: $0Net Assets 2017: $27,1862017Assets 2018: $23,631Liabilities 2018: $0Net Assets 2018: $23,6312018Assets 2019: $6,855Liabilities 2019: $0Net Assets 2019: $6,8552019Assets 2020: $45,434Liabilities 2020: $0Net Assets 2020: $45,4342020Assets 2021: $47,252Liabilities 2021: $0Net Assets 2021: $47,2522021Assets 2022: $49,404Liabilities 2022: $0Net Assets 2022: $49,4042022Assets 2023: $62,152Liabilities 2023: $0Net Assets 2023: $62,1522023Assets 2024: $88,560Liabilities 2024: $0Net Assets 2024: $88,5602024

Highlighted filing

2020

Assets$45,434
Liabilities$0
Net Assets$45,434

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $36,660Expenses 2011: $1,246Net Income 2011: $35,4142011Revenue 2012: $22,239Expenses 2012: $8,065Net Income 2012: $14,1742012Revenue 2013: $30,079Expenses 2013: $23,874Net Income 2013: $6,2052013Revenue 2014: $24,975Expenses 2014: $19,931Net Income 2014: $5,0442014Revenue 2015: $26,330Expenses 2015: $30,988Net Income 2015: -$4,6582015Revenue 2016: $25,150Expenses 2016: $45,419Net Income 2016: -$20,2692016Revenue 2017: $32,519Expenses 2017: $41,244Net Income 2017: -$8,7252017Revenue 2018: $68,611Expenses 2018: $72,164Net Income 2018: -$3,5532018Revenue 2019: $87,658Expenses 2019: $104,434Net Income 2019: -$16,7762019Revenue 2020: $129,565Expenses 2020: $90,986Net Income 2020: $38,5792020Revenue 2021: $120,146Expenses 2021: $118,328Net Income 2021: $1,8182021Revenue 2022: $123,521Expenses 2022: $121,369Net Income 2022: $2,1522022Revenue 2023: $149,564Expenses 2023: $136,816Net Income 2023: $12,7482023Revenue 2024: $190,527Expenses 2024: $164,119Net Income 2024: $26,4082024

Highlighted filing

2020

Revenue$129,565
Expenses$90,986
Net Income$38,579
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 27, 2021
Return Version
2020v4.1
Gross Receipts
$129,565
Mission and Program Overview

Mission

The organization is to be refuge for noncompetitive, sometimes injured racehorses providing a peaceful environment and skilled hands to assist in their development, rehabilitate or re-train after racing career is over. To place these horses in experienced loving homes that will continue their education so each has a viable skill and therefore, a future.

The organization is to be a refuge for noncompetitive, sometimes injured racehorses providing a peaceful environment and skilled hands to assist in their development, rehabilitate or re-train after racing career is over. To place these horses in experienced loving homes that will continue their education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,855$45,434▲ $38,579
Total Assets$6,855$45,434▲ $38,579
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,855$45,434▲ $38,579
Total Net Assets Fund Balance$6,855$45,434▲ $38,579
Total Liabilities and Net Assets / Fund Balance$6,855$45,434▲ $38,579
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jon MossPresident
Keith Soring DvmVice President
Brandi FettDirector
Derron HeldtDirector
Jaclyn Bradley DvmDirector
Stephanie White DvmDirector
Janet CoveySecretary
Michelle McshaneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$109,849
Program Service Revenue
$16,501
Investment Income
$2
Other Revenue
$3,213
All Other Contributions
$100,134
Change in Net Assets
$38,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,986
Total Fundraising Expense$1,785
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$18,923--$18,923
Insurance-$3,281-$3,281
Other Expenses$65,820-$892$892
Fees for Services Accounting-$600-$600
Office Expenses-$377-$377
Advertising-$200-$200
Total Functional Expenses$84,743$4,458$1,785$90,986
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Stephanie White DvmDirectorVeterinary ServicesNo$6,231
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Business is between owners/trainers, not between an owner/trainer and the association.

Form 990, Part VI, Section A, Line 3

The president is prevented from executing any financial activities. In addition, all invoices and checks are required to be approved and double-signed by another director.

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

The organization's cpa provided the president, jon moss, with a copy of the current year's form 990 with instructions on how to contact with any questions.

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

Prior to any engagements with a new association we ask if they have any type of relationship with someone on the board via business or personal relationships.

Form 990, Part VI, Section C, Line 19

The organization has made its governing documents available to the public upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
Hope After Racing Thoroughbreds
EIN
45-1595018
Phone
5159674804
Address
1 PRAIRIE MEADOWS DRIVE, ALTOONA, IA 50009
Doing Business As
Hart

Signing Officer

Name
Dr Stephanie White
Title
President
Phone
5159674804
Signed
2021-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Moss
Formed
2011
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Lwbj Llp
Address
4200 UNIVERSITY AVE SUITE 410, WEST DES MOINES, IA 50266
Preparer
Mark a Cronin
Phone
5152225680
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Blacksmith: program service expenses 7,305. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,305. Veterinarian: program service expenses 11,618. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,618.

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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97860
IRS990ScheduleA/PublicSupportPY509Pct00.98270
IRS990ScheduleA/PublicSupportTotal509Amt0336138
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0126350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt084542
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt067999
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt032235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt025012
IRS990ScheduleA/Total509Grp/TotalAmt0336138
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0129565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt087658
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt068611
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt032519
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt025150
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0343503
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0STEPHANIE WHITE DVM
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt06231
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0VETERINARY SERVICES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS IS BETWEEN OWNERS/TRAINERS, NOT BETWEEN AN OWNER/TRAINER AND THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT IS PREVENTED FROM EXECUTING ANY FINANCIAL ACTIVITIES. IN ADDITION, ALL INVOICES AND CHECKS ARE REQUIRED TO BE APPROVED AND DOUBLE-SIGNED BY ANOTHER DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S CPA PROVIDED THE PRESIDENT, JON MOSS, WITH A COPY OF THE CURRENT YEAR'S FORM 990 WITH INSTRUCTIONS ON HOW TO CONTACT WITH ANY QUESTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIOR TO ANY ENGAGEMENTS WITH A NEW ASSOCIATION WE ASK IF THEY HAVE ANY TYPE OF RELATIONSHIP WITH SOMEONE ON THE BOARD VIA BUSINESS OR PERSONAL RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS MADE ITS GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BLACKSMITH: PROGRAM SERVICE EXPENSES 7,305. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,305. VETERINARIAN: PROGRAM SERVICE EXPENSES 11,618. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,618.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06855
IRS990/TotalAssetsEOYAmt045434
IRS990/TotalAssetsGrp/BOYAmt06855
IRS990/TotalAssetsGrp/EOYAmt045434
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0109849
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01785
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04458
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt084743
IRS990/TotalFunctionalExpensesGrp/TotalAmt090986
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06855
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt045434
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt084743
IRS990/TotalProgramServiceRevenueAmt016501
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt02
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019714
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0129565
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06855
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt045434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 PRAIRIE MEADOWS DRIVE
IRS990/USAddress/CityNm0ALTOONA
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050009
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.IAHART.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DR STEPHANIE WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05159674804
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE AFTER RACING THOROUGHBREDS
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0451595018
ReturnHeader/Filer/PhoneNum05159674804
ReturnHeader/Filer/USAddress/AddressLine1Txt01 PRAIRIE MEADOWS DRIVE
ReturnHeader/Filer/USAddress/CityNm0ALTOONA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050009
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421462849
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LWBJ LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04200 UNIVERSITY AVE SUITE 410
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050266
ReturnHeader/PreparerPersonGrp/PhoneNum05152225680
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK A CRONIN
ReturnHeader/ReturnTs02021-09-17T11:19:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DR
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STEPHANIE WHITE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.00$0.89$1.91$1.64$0.26
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.00$0.62$1.50$1.37$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.49$0.00$0.49$1.24$1.21$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$1.20$1.18$0.02
2020Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.30$0.91$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.07$0.00$0.07$0.88$1.04$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.24$0.00$0.24$0.69$0.72$0.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$0.33$0.41$0.09
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$0.25$0.45$0.20
2015Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.26$0.31$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$0.25$0.20$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.30$0.24$0.06
2012Summary only. Only limited summary data is available for this year.$0.50$0.00$0.50$0.22$0.08$0.14
2011Summary only. Only limited summary data is available for this year.$0.35$0.00$0.35$0.37$0.01$0.35