Civic Intelligence

This Old Horse Inc.

990 • Fiscal year 2020 • EIN 45-4234611

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

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

90th percentile

0.87x

Higher debt load relative to assets than 90% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

91st percentile

2.12x

Higher debt load relative to revenue than 91% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

25th percentile

-7.9%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

95th percentile

141%

Faster asset growth than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

2.2%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,690,488

Up $988,926 (+141%) from 2019

Net Assets

Down

$224,725

Down $54,618 (-20%) from 2019

Liabilities

Up

$1,465,763

Up $1,043,544 (+247%) from 2019

Revenue

Up

$692,594

Up $14,912 (+2.2%) from 2019

Expenses

Up

$747,212

Up $126,219 (+20%) from 2019

Net Income

Down

-$54,618

Down $111,307 (-196%) from 2019

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

2020

Assets$1,690,488
Liabilities$1,465,763
Net Assets$224,725

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

2020

Revenue$692,594
Expenses$747,212
Net Income-$54,618
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.0
Gross Receipts
$710,548
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$637,667$1,649,085▲ $1,011,418
Cash and Non-Interest-Bearing Accounts$63,895$41,403▼ $22,492
Total Assets$701,562$1,690,488▲ $988,926
Liabilities
Mortgage Notes Payable Secured by Investment Property$418,720$1,431,450▲ $1,012,730
Unsecured Notes Loans Payable-$30,422-
Accounts Payable and Accrued Expenses$3,499$3,891▲ $392
Total Liabilities$422,219$1,465,763▲ $1,043,544
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$279,343$224,725▼ $54,618
Total Net Assets Fund Balance$279,343$224,725▼ $54,618
Total Liabilities and Net Assets / Fund Balance$701,562$1,690,488▲ $988,926

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,018,472-$1,018,472
Buildings$301,745$33,079$334,824
Other Land Buildings$131,500$122,250$253,750
Leasehold Improvements$169,821$76,601$246,422
Equipment$27,547$23,253$50,800
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nancy TurnerPresident
Brenda TeterDirector
Ellen HillDirector
Julie FischerDirector
Mary T Maher PhdDirector
Kathleen AmerongenSecretary/tr
Thomas RhodeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$705,149
Program Service Revenue
$5,399
Investment Income
$-3,300
Other Revenue
$-14,654
All Other Contributions
$572,029
Change in Net Assets
$-54,618
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$607,772
Salaries, Compensation, and Employee Benefits$139,440
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$145,214$14,103-$159,317
Other Salaries and Wages$116,016$12,890-$128,906
Depreciation Depletion$75,217--$75,217
Occupancy$52,422--$52,422
Other Expenses$33,896--$33,896
Interest$24,607--$24,607
Insurance$1,873$17,116-$18,989
Payroll Taxes$9,481$1,053-$10,534
Office Expenses-$4,513-$4,513
Advertising-$1,843-$1,843
Fees for Services Accounting$926--$926
Total Functional Expenses$695,694$51,518$0$747,212
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,654
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
5k Fundraiser$86,120-$14,654-
Total Events$86,120-$14,654$-14,654
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
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Turner
Formed
2012
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
30
Volunteers
300

Preparer

Firm
Lewis Kisch & Associates Ltd
Address
1125 SOUTH FRONTAGE ROAD SUITE 1, HASTINGS, MN 55033-2489
Preparer
Diana L Weddigen
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, Page 2, Part III, Line 4A

This old horse, inc. Provides support for horses in transition through our rescue, retirement, and rehoming programs. This old horse, inc. Manages and operates 11 barns throughout the larger st paul / minneapolis metropolitan area with about 215 horses under our direct care. We operate a foster host network that supports another 100 horses in minnesota, wisconsin and iowa. We are the lead agency in a new collaboration with the minnesota horse racing industry in a project called racehorse reimagined to help promote racehorse aftercare for minnesota bred, minnesota raced horses. This old horse, inc. Has been accredited, awarded, and certified by many major equine welfare organizations, empirically and objectively demonstrating our high standards of equine care and support as well as management, fiscal and administrative excellence. Most notably, we are the only minnesota organization accredited by the global federation of animal sanctuaries (gfas) and the thoroughbred aftercare alliance (taa). We have achieved the status of guardian level for the equus foundation and received their 2020 lafitte demuze horse whisperer award. We have been admitted as an aspca / the right horse adoption partner. This old horse inc. Has a guidestar platinum transparency rating and a top rated nonprofit for great nonprofits. This old horse inc. Is a member of the mn horse welfare coalition and certified by the mn horse council. We were named a purina brand ambassador in 2020, the first nonprofit equine welfare organization to be honored in this way, taking our place with some of the most accomplished horses and horse professionals in the world. We have been awarded and lauded as a national model for innovation in equine adoption strategies. Our adoption rates are remarkable by any standard and exceptional considering we are specialists in supporting unrideable, special needs, and older horses.

Form 990, Part IX, Line 24E

Vet 29,675 3,297 0 repairs & maintenance 16,754 1,862 0 vet 12,718 1,413 0 training 11,473 0 0 utilities 11,133 0 0 barn supplies 9,004 0 0 farrier expenses 8,026 892 0 repairs & maintenance 7,180 798 0 dues & subscriptions 6,959 0 0 training 4,917 0 0 utilities 4,771 0 0 barn supplies 3,859 0 0 farrier expenses 3,440 382 0 bank charges 0 3,799 0 manure 3,164 0 0 dues & subscriptions 2,983 0 0 auto expense 2,037 0 0 bank charges 0 1,628 0 manure 1,356 0 0 other barn expenses 1,043 0 0 pest control 1,019 0 0 auto expense 873 0 0 other barn expenses 447 0 0 pest control 437 0 0 carcass disposal 406 0 0 bedding 354 0 0 tack 307 0 0 independent contractors 201 22 0 carcass disposal 174 0 0 bedding 152 0 0 tack 132 0 0 independent contractors 86 10 0 fencing 94 0 0 fencing 40 0 0 total 145,214 14,103 0

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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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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/ExplanationTxt1THIS OLD HORSE, INC. PROVIDES SUPPORT FOR HORSES IN TRANSITION THROUGH OUR RESCUE, RETIREMENT, AND REHOMING PROGRAMS. THIS OLD HORSE, INC. MANAGES AND OPERATES 11 BARNS THROUGHOUT THE LARGER ST PAUL / MINNEAPOLIS METROPOLITAN AREA WITH ABOUT 215 HORSES UNDER OUR DIRECT CARE. WE OPERATE A FOSTER HOST NETWORK THAT SUPPORTS ANOTHER 100 HORSES IN MINNESOTA, WISCONSIN AND IOWA. WE ARE THE LEAD AGENCY IN A NEW COLLABORATION WITH THE MINNESOTA HORSE RACING INDUSTRY IN A PROJECT CALLED RACEHORSE REIMAGINED TO HELP PROMOTE RACEHORSE AFTERCARE FOR MINNESOTA BRED, MINNESOTA RACED HORSES. THIS OLD HORSE, INC. HAS BEEN ACCREDITED, AWARDED, AND CERTIFIED BY MANY MAJOR EQUINE WELFARE ORGANIZATIONS, EMPIRICALLY AND OBJECTIVELY DEMONSTRATING OUR HIGH STANDARDS OF EQUINE CARE AND SUPPORT AS WELL AS MANAGEMENT, FISCAL AND ADMINISTRATIVE EXCELLENCE. MOST NOTABLY, WE ARE THE ONLY MINNESOTA ORGANIZATION ACCREDITED BY THE GLOBAL FEDERATION OF ANIMAL SANCTUARIES (GFAS) AND THE THOROUGHBRED AFTERCARE ALLIANCE (TAA). WE HAVE ACHIEVED THE STATUS OF GUARDIAN LEVEL FOR THE EQUUS FOUNDATION AND RECEIVED THEIR 2020 LAFITTE DEMUZE HORSE WHISPERER AWARD. WE HAVE BEEN ADMITTED AS AN ASPCA / THE RIGHT HORSE ADOPTION PARTNER. THIS OLD HORSE INC. HAS A GUIDESTAR PLATINUM TRANSPARENCY RATING AND A TOP RATED NONPROFIT FOR GREAT NONPROFITS. THIS OLD HORSE INC. IS A MEMBER OF THE MN HORSE WELFARE COALITION AND CERTIFIED BY THE MN HORSE COUNCIL. WE WERE NAMED A PURINA BRAND AMBASSADOR IN 2020, THE FIRST NONPROFIT EQUINE WELFARE ORGANIZATION TO BE HONORED IN THIS WAY, TAKING OUR PLACE WITH SOME OF THE MOST ACCOMPLISHED HORSES AND HORSE PROFESSIONALS IN THE WORLD. WE HAVE BEEN AWARDED AND LAUDED AS A NATIONAL MODEL FOR INNOVATION IN EQUINE ADOPTION STRATEGIES. OUR ADOPTION RATES ARE REMARKABLE BY ANY STANDARD AND EXCEPTIONAL CONSIDERING WE ARE SPECIALISTS IN SUPPORTING UNRIDEABLE, SPECIAL NEEDS, AND OLDER HORSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NANCY TURNER KATHLEEN AMERONGEN PRESIDENT SEC/TREA SISTERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCED ANNUALLY BY BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6VET 29,675 3,297 0 REPAIRS & MAINTENANCE 16,754 1,862 0 VET 12,718 1,413 0 TRAINING 11,473 0 0 UTILITIES 11,133 0 0 BARN SUPPLIES 9,004 0 0 FARRIER EXPENSES 8,026 892 0 REPAIRS & MAINTENANCE 7,180 798 0 DUES & SUBSCRIPTIONS 6,959 0 0 TRAINING 4,917 0 0 UTILITIES 4,771 0 0 BARN SUPPLIES 3,859 0 0 FARRIER EXPENSES 3,440 382 0 BANK CHARGES 0 3,799 0 MANURE 3,164 0 0 DUES & SUBSCRIPTIONS 2,983 0 0 AUTO EXPENSE 2,037 0 0 BANK CHARGES 0 1,628 0 MANURE 1,356 0 0 OTHER BARN EXPENSES 1,043 0 0 PEST CONTROL 1,019 0 0 AUTO EXPENSE 873 0 0 OTHER BARN EXPENSES 447 0 0 PEST CONTROL 437 0 0 CARCASS DISPOSAL 406 0 0 BEDDING 354 0 0 TACK 307 0 0 INDEPENDENT CONTRACTORS 201 22 0 CARCASS DISPOSAL 174 0 0 BEDDING 152 0 0 TACK 132 0 0 INDEPENDENT CONTRACTORS 86 10 0 FENCING 94 0 0 FENCING 40 0 0 TOTAL 145,214 14,103 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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