Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
EIN 46-4659348 • 501(c)3 • Minnetonka, MN
Profile
To rescue and rehabilitate former racehorses when they are no longer useful for horse racing, to find loving homes for those that can be adopted out, and to provide permanent sanctuary for those that are permanently disabled.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Assets
Down$171,888
Down $51,156 (-23%) from 2024
Liabilities
Down$954
Down $6,600 (-87%) from 2024
Net Assets
Down$170,934
Down $44,556 (-21%) from 2024
Revenue
Down$179,374
Down $127,634 (-42%) from 2024
Expenses
Down$223,930
Down $24,957 (-10%) from 2024
Net Income
Down-$44,556
Down $102,677 (-177%) from 2024
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
To rescue and rehabilitate former racehorses when they are no longer useful for horse racing, to find loving homes for those that can be adopted out, and to provide permanent sanctuary for those that are permanently disabled.
Rescue and rehabilitate former races horses, rehome
| Description | Grants | Expenses |
|---|---|---|
| Retired race horse rehabilitition and rehome | - | $207,484 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DIANA CURTISS | Vice President | - | $0 | - | - |
| DAREL GUSTAFSON | Secretary | - | $0 | - | - |
| ANDREA GUSTAFSON | Director | - | $0 | - | - |
| RICHARD BOWMAN | Director | - | $0 | - | - |
| BRANDON GUSTAFSON | President | - | $0 | - | - |
“Information technology $3042.00”
“Depreciation, depletion, and amortization $11523.00”
“Insurance $1666.00”
“Horse Health $34965.00”
“Feed $60204.00”
“Horse Aquisiion $18500.00”
“Supplies $2543.00”
“Bank Fees $184.00”
“Auto $24.00”
“Other $77.00”
“Pledges and grants receivable, net. Beginning:$40259.00 Ending: $259.00”
“Accounts payable and accrued expenses. Beginning:$7554.00 Ending: $954.00”
“Andrea and Brandon are married”
“Review annual at board meeting”
“at annual meeting”
“available upon request”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | BRANDON GUSTAFSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9522206028 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 15320 Crown Dr |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Minnetonka |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 55345 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 70886 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 71253 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 156854 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -44556 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 223044 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 171888 |
| IRS990EZ/GrossReceiptsAmt | 0 | 179374 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1020 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 111899 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 100376 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 215490 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 170934 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 215490 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 170934 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 90817 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DIANA CURTISS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DAREL GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANDREA GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | RICHARD BOWMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | BRANDON GUSTAFSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 40259 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 259 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 132728 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Rescue and rehabilitate former races horses, rehome |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 385 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 21500 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Retired race horse rehabilitition and rehome |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 207484 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MN |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 1 | ND |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 7554 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 954 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 223930 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 207484 |
| IRS990EZ/TotalRevenueAmt | 0 | 179374 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.drbowmanthoroughbred.org |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 156854 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 273861 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 161611 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 94383 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 91587 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 778296 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 21500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 33000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 33000 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 50500 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 28946 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 166946 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 945242 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 178354 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 306861 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 194611 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 144883 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 120533 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 945242 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 178354 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 306861 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 194611 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 144883 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 120533 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 945242 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Information technology $3042.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Depreciation, depletion, and amortization $11523.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Insurance $1666.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Horse Health $34965.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Feed $60204.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Horse Aquisiion $18500.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Supplies $2543.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Bank Fees $184.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Auto $24.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Other $77.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Pledges and grants receivable, net. Beginning:$40259.00 Ending: $259.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Accounts payable and accrued expenses. Beginning:$7554.00 Ending: $954.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Andrea and Brandon are married |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Review annual at board meeting |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | at annual meeting |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | available upon request |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Part II Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Part II Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | VI 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | VI 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | VI 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | VI 19 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRANDON GUSTAFSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9522206028 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Bowman Second Chance Thoroughbred Adoption |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | BOWM |
| ReturnHeader/Filer/EIN | 0 | 464659348 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Brandon Gustafson |
| ReturnHeader/Filer/PhoneNum | 0 | 9522206028 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 15320 Crown Dr |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Minnetonka |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 55345 |
| ReturnHeader/ReturnTs | 0 | 2026-03-26T18:27:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2025-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-12-31 |
| ReturnHeader/TaxYr | 0 | 2025 |
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