Civic Intelligence

This Old Horse Inc.

990 • Fiscal year 2014 • EIN 45-4234611

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 02, 2015

13926 60th Street SouthAfton, MN 55001

(651) 437-1889

Siviq Scores

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

Liabilities / Assets

94th percentile

1.20x

Higher debt load relative to assets than 94% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

100th percentile

130%

Higher net margin than 100% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

1st percentile

-75%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2013 to 2014

Assets

Down

$506,212

Down $1,488,941 (-75%) from 2013

Net Assets

Down

-$101,497

Down $1,471,770 (-107%) from 2013

Liabilities

Down

$607,709

Down $17,171 (-2.7%) from 2013

Revenue

Down

-$1,128,141

Down $1,365,535 (-575%) from 2013

Expenses

Up

$343,629

Up $9,563 (+2.9%) from 2013

Net Income

Down

-$1,471,770

Down $1,375,098 (-1422%) from 2013

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $1,983,679Liabilities 2012: $516,735Net Assets 2012: $1,466,9442012Assets 2013: $1,995,153Liabilities 2013: $624,880Net Assets 2013: $1,370,2732013Assets 2014: $506,212Liabilities 2014: $607,709Net Assets 2014: -$101,4972014Assets 2015: $537,295Liabilities 2015: $584,875Net Assets 2015: -$47,5802015Assets 2016: $577,850Liabilities 2016: $445,272Net Assets 2016: $132,5782016Assets 2017: $613,914Liabilities 2017: $443,547Net Assets 2017: $170,3672017Assets 2018: $655,479Liabilities 2018: $432,825Net Assets 2018: $222,6542018Assets 2019: $701,562Liabilities 2019: $422,219Net Assets 2019: $279,3432019Assets 2020: $1,690,488Liabilities 2020: $1,465,763Net Assets 2020: $224,7252020Assets 2021: $2,977,835Liabilities 2021: $2,839,283Net Assets 2021: $138,5522021Assets 2022: $2,727,366Liabilities 2022: $2,808,649Net Assets 2022: -$81,2832022Assets 2023: $2,670,414Liabilities 2023: $2,815,895Net Assets 2023: -$145,4812023Assets 2024: $2,565,007Liabilities 2024: $2,790,473Net Assets 2024: -$225,4662024

Highlighted filing

2014

Assets$506,212
Liabilities$607,709
Net Assets-$101,497

Operations Trend

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $1,594,668Expenses 2012: $127,725Net Income 2012: $1,466,9432012Revenue 2013: $237,394Expenses 2013: $334,066Net Income 2013: -$96,6722013Revenue 2014: -$1,128,141Expenses 2014: $343,629Net Income 2014: -$1,471,7702014Revenue 2015: $337,716Expenses 2015: $283,799Net Income 2015: $53,9172015Revenue 2016: $450,294Expenses 2016: $270,136Net Income 2016: $180,1582016Revenue 2017: $697,283Expenses 2017: $659,494Net Income 2017: $37,7892017Revenue 2018: $559,377Expenses 2018: $507,089Net Income 2018: $52,2882018Revenue 2019: $677,682Expenses 2019: $620,993Net Income 2019: $56,6892019Revenue 2020: $692,594Expenses 2020: $747,212Net Income 2020: -$54,6182020Revenue 2021: $1,111,521Expenses 2021: $1,197,694Net Income 2021: -$86,1732021Revenue 2022: $957,025Expenses 2022: $1,176,860Net Income 2022: -$219,8352022Revenue 2023: $1,285,931Expenses 2023: $1,350,129Net Income 2023: -$64,1982023Revenue 2024: $1,221,884Expenses 2024: $1,085,381Net Income 2024: $136,5032024

Highlighted filing

2014

Revenue-$1,128,141
Expenses$343,629
Net Income-$1,471,770
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 2, 2015
Return Version
2014v5.0
Gross Receipts
$404,808
Mission and Program Overview

Mission

This old horse, inc., provides retirement, rescue and rehabilitation to older and unwanted horses that have had a career to service humans. They continue to serve as ambassadors to the incredible impact of 'horse power' by facilitating the development of horsemanship and beginning riding skills to older and special needs riders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,977,286$483,397▼ $1,493,889
Cash and Non-Interest-Bearing Accounts$17,867$22,815▲ $4,948
Total Assets$1,995,153$506,212▼ $1,488,941
Liabilities
Mortgage Notes Payable Secured by Investment Property$392,497$364,860▼ $27,637
Other Liabilities$225,379$236,970▲ $11,591
Accounts Payable and Accrued Expenses$7,004$5,879▼ $1,125
Total Liabilities$624,880$607,709▼ $17,171
Net Assets / Fund Balance
Unrestricted Net Assets$1,370,273$-101,497▼ $1,471,770
Total Net Assets Fund Balance$1,370,273$-101,497▼ $1,471,770
Total Liabilities and Net Assets / Fund Balance$1,995,153$506,212▼ $1,488,941

Asset Categories

AssetBook ValueDepreciationBasis
Land$301,000-$301,000
Buildings$90,470$8,530$99,000
Leasehold Improvements$68,857$10,598$79,455
Other Land Buildings$23,070$14,630$37,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nancy TurnerPresident
Ellen HillDirector
Julia AmerongenDirector
Julie FischerDirector
June MccloudDirector
Linda HughesDirector
Lori HallDirector
Marissa AmerongenDirector
Mary T Maher PhdDirector
Kathleen AmerongenSecretary/tr
Thomas RhodeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$224,583
Program Service Revenue
$72,537
Investment Income
$-1,425,643
Other Revenue
$382
All Other Contributions
$224,583
Change in Net Assets
$-1,471,770

Audited Revenue Reconciliation

Revenue per Audited Statements
$-1,128,141
Total Revenue per Audited Statements
$-1,128,141
Total Revenue per Form 990
$-1,128,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,421
Salaries, Compensation, and Employee Benefits$55,208
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$112,874$9,033-$121,907
Other Salaries and Wages$45,821$5,091-$50,912
Interest$20,375--$20,375
Depreciation Depletion$16,754--$16,754
Other Expenses$15,629--$15,629
Fees for Services Accounting$10,086--$10,086
Insurance$3,594$6,137-$9,731
Payroll Taxes$3,866$430-$4,296
Advertising-$2,083-$2,083
Office Expenses-$196-$196
Total Functional Expenses$320,659$22,970$0$343,629

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$343,629
Total Expenses per Audited Statements$343,629
Total Expenses per Form 990$343,629
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accounts Payable$151,970
Line of Credit$60,000
Short Term Line of Credit$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
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 2

Nancy turner kathleen amerongen president sec/trea sisters

Form 990, Page 6, Part VI, Line 11B

Reviewed by board of directors prior to filing.

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

Enforced annually by board of directors

Form 990, Page 6, Part VI, Line 19

Documents made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
This Old Horse Inc
EIN
45-4234611
Phone
6514371889
Address
13926 60TH STREET SOUTH, AFTON, MN 55001

Signing Officer

Name
Nancy Turner
Title
President
Phone
6514371889
Signed
2015-07-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Turner
Formed
2012
Legal Domicile
Mn
Voting Board Members
11
Independent Board Members
11
Employees
13
Volunteers
260

Preparer

Firm
Lewis Kisch & Associates Ltd
Address
1125 SOUTH FRONTAGE ROAD SUITE 1, HASTINGS, MN 55033-2489
Preparer
Carol J Sailer
Phone
6514373356
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

This old horse, inc., provides retirement, rescue and rehabilitation to older and unwanted horses that have had a career to service humans. They continue to serve as ambassadors to the incredible impact of 'horse power' by facilitating the development of horsemanship and beginning riding skills to older and special needs riders.

Form 990, Part IX, Line 24E

Barn supplies 15,604 0 0 independent contractors 11,069 1,230 0 utilities 11,961 0 0 feed 11,693 0 0 vet 10,392 1,155 0 bedding 8,918 0 0 repairs and maintanence 7,214 0 0 barn supplies 6,688 0 0 independent contractor 4,744 527 0 vet 4,454 495 0 fundraising 4,908 0 0 ferrier exp 3,919 435 0 bedding 3,822 0 0 miscellaneous expenses 0 3,150 0 repairs and maintenance 3,092 0 0 fundraising 2,104 0 0 ferrier expenses 1,679 187 0 miscellaneous 0 1,350 0 dues and membership 429 0 0 bank charges 0 353 0 dues and membership 184 0 0 bank charges 0 151 0

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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt091287
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0374
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt0374
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt010598
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt079455
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt023070
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0151970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160000
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCOUNTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHORT TERM LINE OF CREDIT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS OLD HORSE, INC., PROVIDES RETIREMENT, RESCUE AND REHABILITATION TO OLDER AND UNWANTED HORSES THAT HAVE HAD A CAREER TO SERVICE HUMANS. THEY CONTINUE TO SERVE AS AMBASSADORS TO THE INCREDIBLE IMPACT OF 'HORSE POWER' BY FACILITATING THE DEVELOPMENT OF HORSEMANSHIP AND BEGINNING RIDING SKILLS TO OLDER AND SPECIAL NEEDS RIDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NANCY TURNER KATHLEEN AMERONGEN PRESIDENT SEC/TREA SISTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ENFORCED ANNUALLY BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BARN SUPPLIES 15,604 0 0 INDEPENDENT CONTRACTORS 11,069 1,230 0 UTILITIES 11,961 0 0 FEED 11,693 0 0 VET 10,392 1,155 0 BEDDING 8,918 0 0 REPAIRS AND MAINTANENCE 7,214 0 0 BARN SUPPLIES 6,688 0 0 INDEPENDENT CONTRACTOR 4,744 527 0 VET 4,454 495 0 FUNDRAISING 4,908 0 0 FERRIER EXP 3,919 435 0 BEDDING 3,822 0 0 MISCELLANEOUS EXPENSES 0 3,150 0 REPAIRS AND MAINTENANCE 3,092 0 0 FUNDRAISING 2,104 0 0 FERRIER EXPENSES 1,679 187 0 MISCELLANEOUS 0 1,350 0 DUES AND MEMBERSHIP 429 0 0 BANK CHARGES 0 353 0 DUES AND MEMBERSHIP 184 0 0 BANK CHARGES 0 151 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt013926 60TH STREET SOUTH
IRS990/USAddress/CityNm0AFTON
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055001
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.THISOLDHORSE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0NANCY TURNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06514371889
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-07-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THIS OLD HORSE INC
ReturnHeader/Filer/BusinessNameControlTxt0THIS
ReturnHeader/Filer/EIN0454234611
ReturnHeader/Filer/PhoneNum06514371889
ReturnHeader/Filer/USAddress/AddressLine1Txt013926 60TH STREET SOUTH
ReturnHeader/Filer/USAddress/CityNm0AFTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055001
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411620961
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEWIS KISCH & ASSOCIATES LTD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01125 SOUTH FRONTAGE ROAD SUITE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HASTINGS

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